ARDENNES TRADITIONS: what changed
What changed
ARDENNES TRADITIONS
NACE 56.111, Full-service restaurants
filed annual accounts (NBB)
Net result for the year
€16,076
2024 · €34,288-€18,211
Equity
€425,158
2024 · €409,082+€16,076
Cash
€137,548
2024 · €62,613+€74,935
Balance sheet total
€473,523
2024 · €449,521+€24,003
Largest movements
Assets
- Cash +€74,935
up €74,935 (+120%), from €62,613 to €137,548
mainly Receivables within one year (+€53,720) and Trade debts (+€19,463)
- Receivables within one year -€53,720
down €53,720 (-17.2%), from €313,182 to €259,462
of which Other amounts receivable: -€41,016
Equity and liabilities
- Trade debts +€19,463
up €19,463 (+510%), from €3,814 to €23,276
- Profit (loss) carried forward +€16,076
up €16,076 (+10.5%), from €152,520 to €168,597
- Current portion of long-term debt -€10,031
no longer reported in 2025 (was €10,031)
Income statement
- Gross operating margin -€54,923
down €54,923 (-19.5%), from €282,199 to €227,276
- Staff costs -€24,743
down €24,743 (-11.1%), from €222,265 to €197,522
- Taxes -€10,453
down €10,453 (-63.5%), from €16,456 to €6,003
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.
Result 2024
€34,288
Gross operating margin
-€54,923
Staff costs
+€24,743
Depreciation
+€1,952
Other operating charges
-€1,045
Financial charges
+€609
Taxes
+€10,453
Result 2025
€16,076
raises the resultlowers the result
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.
From operations
+€93,590
Investment
-€5,739
Financing
-€12,916
Cash 2024
€62,613
From operations (derived)
+€93,590
Net result for the year
+€16,076
Depreciation
+€2,683
Receivables within one year
+€53,720
Deferred charges and accrued income
+€268
Trade debts
+€19,463
Tax, wage and social debts
+€1,379
Investment (derived)
-€5,739
Investment in fixed assets (net)
-€5,739
Financing
-€12,916
Debts after one year
-€2,885
Current portion of long-term debt
-€10,031
Cash 2025
€137,548
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €449,521 | €473,523 | +€24,003 | +5.3% |
| Fixed assets | 21/28 | €66,339 | €69,396 | +€3,056 | +4.6% |
| Tangible fixed assets | 22/27 | €66,339 | €69,396 | +€3,056 | +4.6% |
| Land and buildings | 22 | €60,117 | €60,117 | = | 0.0% |
| Plant, machinery and equipment | 23 | €5,144 | €5,290 | +€146 | +2.8% |
| Furniture and vehicles | 24 | €1,079 | €3,988 | +€2,910 | +270% |
| Current assets | 29/58 | €383,181 | €404,128 | +€20,946 | +5.5% |
| Stocks and contracts in progress | 3 | €6,874 | €6,874 | = | 0.0% |
| Stocks | 30/36 | €6,874 | €6,874 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €313,182 | €259,462 | -€53,720 | -17.2% |
| Trade receivables | 40 | €98,269 | €85,565 | -€12,704 | -12.9% |
| Other amounts receivable | 41 | €214,913 | €173,897 | -€41,016 | -19.1% |
| Cash at bank and in hand | 54/58 | €62,613 | €137,548 | +€74,935 | +120% |
| Deferred charges and accrued income | 490/1 | €512 | €244 | -€268 | -52.4% |
| Total equity and liabilities | 10/49 | €449,521 | €473,523 | +€24,003 | +5.3% |
| Equity | 10/15 | €409,082 | €425,158 | +€16,076 | +3.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Capital | 10 | €25,000 | - | -€25,000 | |
| Issued capital | 100 | €25,000 | - | -€25,000 | |
| Reserves | 13 | €231,561 | €231,561 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Legal reserve | 130 | €2,500 | - | -€2,500 | |
| Reserves not available under the articles | 1311 | - | €2,500 | +€2,500 | |
| Distributable reserves | 133 | €229,061 | €229,061 | = | 0.0% |
| Profit (loss) carried forward | 14 | €152,520 | €168,597 | +€16,076 | +10.5% |
| Amounts payable | 17/49 | €40,439 | €48,365 | +€7,926 | +19.6% |
| Amounts payable after more than one year | 17 | €2,885 | - | -€2,885 | |
| Financial debts | 170/4 | €2,885 | - | -€2,885 | |
| Amounts payable within one year | 42/48 | €37,554 | €48,365 | +€10,811 | +28.8% |
| Current portion of amounts payable after more than one year | 42 | €10,031 | - | -€10,031 | |
| Trade debts | 44 | €3,814 | €23,276 | +€19,463 | +510% |
| Suppliers | 440/4 | €3,814 | €23,276 | +€19,463 | +510% |
| Taxes, remuneration and social security | 45 | €21,826 | €23,205 | +€1,379 | +6.3% |
| Taxes | 450/3 | €7,591 | €7,255 | -€336 | -4.4% |
| Remuneration and social security | 454/9 | €14,235 | €15,950 | +€1,715 | +12.0% |
| Other amounts payable | 47/48 | €1,884 | €1,884 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €222,265 | €197,522 | -€24,743 | -11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,635 | €2,683 | -€1,952 | -42.1% |
| Other operating charges | 640/8 | €3,592 | €4,638 | +€1,045 | +29.1% |
| Gross operating margin | 9900 | €282,199 | €227,276 | -€54,923 | -19.5% |
| Operating profit (loss) | 9901 | €51,707 | €22,434 | -€29,274 | -56.6% |
| Financial charges | 65/66B | €964 | €355 | -€609 | -63.2% |
| Recurring financial charges | 65 | €964 | €355 | -€609 | -63.2% |
| Profit (loss) for the period before taxes | 9903 | €50,744 | €22,079 | -€28,665 | -56.5% |
| Income taxes | 67/77 | €16,456 | €6,003 | -€10,453 | -63.5% |
| Profit (loss) for the period | 9904 | €34,288 | €16,076 | -€18,211 | -53.1% |
| Profit (loss) for the period to be appropriated | 9905 | €34,288 | €16,076 | -€18,211 | -53.1% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.