ARDENNE ENGINEERING: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
ARDENNE ENGINEERING
Largest movements
- Receivables within one year +€12,357
up €12,357 (+257.1%), from €4,807 to €17,164
of which Trade receivables: +€11,506
- Tangible fixed assets +€4,999
new in 2025: €4,999
- Deferred charges and accrued income -€3,255
down €3,255 (-28.0%), from €11,621 to €8,366
- Cash -€1,396
down €1,396 (-10.5%), from €13,300 to €11,904
mainly Receivables within one year (-€12,357) and Investment in fixed assets (net) (-€5,874)
- Profit (loss) carried forward +€9,955
up €9,955 (+85.1%), from €11,696 to €21,650
- Tax, wage and social debts +€2,581
up €2,581 (+20.4%), from €12,625 to €15,206
- Gross operating margin +€19,251
up €19,251, from -€2,686 to €16,565
- Taxes +€3,233
up €3,233 (+163.8%), from €1,974 to €5,207
- Depreciation +€875
new in 2025: €875
- Financial charges +€217
up €217 (+77.9%), from €278 to €495
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €29,728 | €42,432 | +€12,705 | +42.7% |
| Fixed assets | 21/28 | - | €4,999 | +€4,999 | |
| Tangible fixed assets | 22/27 | - | €4,999 | +€4,999 | |
| Furniture and vehicles | 24 | - | €4,999 | +€4,999 | |
| Current assets | 29/58 | €29,728 | €37,434 | +€7,706 | +25.9% |
| Amounts receivable within one year | 40/41 | €4,807 | €17,164 | +€12,357 | +257.1% |
| Trade receivables | 40 | - | €11,506 | +€11,506 | |
| Other amounts receivable | 41 | €4,807 | €5,658 | +€851 | +17.7% |
| Cash at bank and in hand | 54/58 | €13,300 | €11,904 | -€1,396 | -10.5% |
| Deferred charges and accrued income | 490/1 | €11,621 | €8,366 | -€3,255 | -28.0% |
| Total equity and liabilities | 10/49 | €29,728 | €42,432 | +€12,705 | +42.7% |
| Equity | 10/15 | €14,196 | €24,150 | +€9,955 | +70.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,696 | €21,650 | +€9,955 | +85.1% |
| Amounts payable | 17/49 | €15,532 | €18,282 | +€2,750 | +17.7% |
| Amounts payable within one year | 42/48 | €15,532 | €18,282 | +€2,750 | +17.7% |
| Trade debts | 44 | €2,907 | €3,076 | +€169 | +5.8% |
| Suppliers | 440/4 | €2,907 | €3,076 | +€169 | +5.8% |
| Taxes, remuneration and social security | 45 | €12,625 | €15,206 | +€2,581 | +20.4% |
| Taxes | 450/3 | €12,625 | €15,206 | +€2,581 | +20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €875 | +€875 | |
| Other operating charges | 640/8 | €210 | €318 | +€108 | +51.2% |
| Gross operating margin | 9900 | -€2,686 | €16,565 | +€19,251 | |
| Operating profit (loss) | 9901 | -€2,896 | €15,372 | +€18,269 | |
| Financial income | 75/76B | €173 | €284 | +€111 | +64.2% |
| Recurring financial income | 75 | €173 | €284 | +€111 | +64.2% |
| Financial charges | 65/66B | €278 | €495 | +€217 | +77.9% |
| Recurring financial charges | 65 | €278 | €495 | +€217 | +77.9% |
| Profit (loss) for the period before taxes | 9903 | -€3,001 | €15,161 | +€18,163 | |
| Income taxes | 67/77 | €1,974 | €5,207 | +€3,233 | +163.8% |
| Profit (loss) for the period | 9904 | -€4,975 | €9,955 | +€14,930 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,975 | €9,955 | +€14,930 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.