Ardenne Synchro: what changed
Ardenne Synchro
Largest movements
- Cash -€25,178
down €25,178 (-73.5%), from €34,234 to €9,056
mainly Investment in fixed assets (net) (-€45,711) and Net result for the year (-€26,863)
- Intangible fixed assets -€14,500
down €14,500 (-33.3%), from €43,500 to €29,000
- Receivables within one year -€12,932
down €12,932 (-34.3%), from €37,712 to €24,779
of which Trade receivables: -€13,202
- Stocks and contracts +€7,000
up €7,000 (+42.4%), from €16,500 to €23,500
- Tangible fixed assets +€5,492
up €5,492 (+1.5%), from €358,234 to €363,726
of which Land and buildings: +€15,509
- Profit (loss) carried forward -€26,863
down €26,863, from €8,124 to -€18,739
- Debts after one year -€16,342
down €16,342 (-15.3%), from €106,587 to €90,244
- Other debts +€14,508
up €14,508 (+5.7%), from €255,103 to €269,611
- Trade debts -€11,217
down €11,217 (-64.1%), from €17,490 to €6,272
- Gross operating margin -€41,877
down €41,877 (-44.5%), from €94,178 to €52,302
- Depreciation +€5,533
up €5,533 (+11.2%), from €49,185 to €54,719
- Taxes -€1,800
no longer reported in 2025 (was €1,800)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €490,671 | €450,873 | -€39,798 | -8.1% |
| Fixed assets | 21/28 | €401,734 | €392,726 | -€9,008 | -2.2% |
| Intangible fixed assets | 21 | €43,500 | €29,000 | -€14,500 | -33.3% |
| Tangible fixed assets | 22/27 | €358,234 | €363,726 | +€5,492 | +1.5% |
| Land and buildings | 22 | €238,086 | €253,595 | +€15,509 | +6.5% |
| Plant, machinery and equipment | 23 | €95,173 | €88,233 | -€6,940 | -7.3% |
| Furniture and vehicles | 24 | €24,975 | €21,898 | -€3,077 | -12.3% |
| Current assets | 29/58 | €88,936 | €58,147 | -€30,790 | -34.6% |
| Stocks and contracts in progress | 3 | €16,500 | €23,500 | +€7,000 | +42.4% |
| Stocks | 30/36 | €16,500 | €23,500 | +€7,000 | +42.4% |
| Amounts receivable within one year | 40/41 | €37,712 | €24,779 | -€12,932 | -34.3% |
| Trade receivables | 40 | €36,862 | €23,659 | -€13,202 | -35.8% |
| Other amounts receivable | 41 | €850 | €1,120 | +€270 | +31.8% |
| Cash at bank and in hand | 54/58 | €34,234 | €9,056 | -€25,178 | -73.5% |
| Deferred charges and accrued income | 490/1 | €491 | €812 | +€320 | +65.2% |
| Total equity and liabilities | 10/49 | €490,671 | €450,873 | -€39,798 | -8.1% |
| Equity | 10/15 | €85,440 | €58,576 | -€26,863 | -31.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €58,715 | €58,715 | = | 0.0% |
| Distributable reserves | 133 | €58,715 | €58,715 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,124 | -€18,739 | -€26,863 | |
| Amounts payable | 17/49 | €405,231 | €392,297 | -€12,934 | -3.2% |
| Amounts payable after more than one year | 17 | €106,587 | €90,244 | -€16,342 | -15.3% |
| Financial debts | 170/4 | €106,587 | €90,244 | -€16,342 | -15.3% |
| Amounts payable within one year | 42/48 | €298,644 | €302,052 | +€3,408 | +1.1% |
| Current portion of amounts payable after more than one year | 42 | €16,165 | €16,342 | +€178 | +1.1% |
| Trade debts | 44 | €17,490 | €6,272 | -€11,217 | -64.1% |
| Suppliers | 440/4 | €17,490 | €6,272 | -€11,217 | -64.1% |
| Taxes, remuneration and social security | 45 | €9,887 | €9,826 | -€60 | -0.6% |
| Taxes | 450/3 | €5,301 | €5,216 | -€85 | -1.6% |
| Remuneration and social security | 454/9 | €4,585 | €4,610 | +€25 | +0.5% |
| Other amounts payable | 47/48 | €255,103 | €269,611 | +€14,508 | +5.7% |
| Remuneration, social security and pensions | 62 | €21,504 | €21,498 | -€6 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,185 | €54,719 | +€5,533 | +11.2% |
| Other operating charges | 640/8 | €1,378 | €1,540 | +€162 | +11.8% |
| Gross operating margin | 9900 | €94,178 | €52,302 | -€41,877 | -44.5% |
| Operating profit (loss) | 9901 | €22,111 | -€25,455 | -€47,566 | |
| Financial income | 75/76B | €74 | €0 | -€74 | -99.9% |
| Recurring financial income | 75 | €74 | €0 | -€74 | -99.9% |
| Financial charges | 65/66B | €1,599 | €1,409 | -€190 | -11.9% |
| Recurring financial charges | 65 | €1,599 | €1,409 | -€190 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | €20,587 | -€26,863 | -€47,450 | |
| Income taxes | 67/77 | €1,800 | - | -€1,800 | |
| Profit (loss) for the period | 9904 | €18,787 | -€26,863 | -€45,650 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,787 | -€26,863 | -€45,650 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.