ARDENNES VACANCES: 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.
ARDENNES VACANCES
Largest movements
- Receivables within one year -€21,352
down €21,352 (-24.9%), from €85,825 to €64,473
of which Other amounts receivable: -€21,921
- Trade debts -€27,717
down €27,717 (-30.2%), from €91,707 to €63,990
- Profit (loss) carried forward +€14,896
up €14,896 (+13.9%), from -€107,116 to -€92,219
- Other debts -€12,316
down €12,316 (-18.2%), from €67,819 to €55,503
- Short-term financial debts +€4,223
up €4,223 (+32.6%), from €12,933 to €17,156
- Gross operating margin +€34,475
up €34,475, from -€14,618 to €19,857
- Other operating charges -€9,657
down €9,657 (-74.7%), from €12,935 to €3,279
- Depreciation -€789
down €789 (-100%), from €789 to €0
- Financial charges +€321
up €321 (+14.7%), from €2,185 to €2,505
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.
Derived cash bridge
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 | €99,019 | €77,666 | -€21,353 | -21.6% |
| Fixed assets | 21/28 | €13,001 | €13,000 | -€1 | 0.0% |
| Tangible fixed assets | 22/27 | €13,000 | €13,000 | = | 0.0% |
| Land and buildings | 22 | €13,000 | €13,000 | = | 0.0% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €1 | €0 | -€1 | -100% |
| Current assets | 29/58 | €86,018 | €64,666 | -€21,352 | -24.8% |
| Amounts receivable within one year | 40/41 | €85,825 | €64,473 | -€21,352 | -24.9% |
| Trade receivables | 40 | - | €569 | +€569 | |
| Other amounts receivable | 41 | €85,825 | €63,904 | -€21,921 | -25.5% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Deferred charges and accrued income | 490/1 | €193 | €193 | = | 0.0% |
| Total equity and liabilities | 10/49 | €99,019 | €77,666 | -€21,353 | -21.6% |
| Equity | 10/15 | -€86,656 | -€71,759 | +€14,896 | +17.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€107,116 | -€92,219 | +€14,896 | +13.9% |
| Amounts payable | 17/49 | €185,675 | €149,425 | -€36,249 | -19.5% |
| Amounts payable after more than one year | 17 | €1,100 | €1,100 | = | 0.0% |
| Other amounts payable | 178/9 | €1,100 | €1,100 | = | 0.0% |
| Amounts payable within one year | 42/48 | €183,049 | €146,322 | -€36,727 | -20.1% |
| Financial debts | 43 | €12,933 | €17,156 | +€4,223 | +32.6% |
| Credit institutions | 430/8 | €12,933 | €17,156 | +€4,223 | +32.6% |
| Trade debts | 44 | €91,707 | €63,990 | -€27,717 | -30.2% |
| Suppliers | 440/4 | €91,707 | €63,990 | -€27,717 | -30.2% |
| Taxes, remuneration and social security | 45 | €10,590 | €9,673 | -€917 | -8.7% |
| Taxes | 450/3 | €10,590 | €9,673 | -€917 | -8.7% |
| Other amounts payable | 47/48 | €67,819 | €55,503 | -€12,316 | -18.2% |
| Accrued charges and deferred income | 492/3 | €1,526 | €2,004 | +€478 | +31.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €789 | €0 | -€789 | -100% |
| Other operating charges | 640/8 | €12,935 | €3,279 | -€9,657 | -74.7% |
| Gross operating margin | 9900 | -€14,618 | €19,857 | +€34,475 | |
| Operating profit (loss) | 9901 | -€28,342 | €16,578 | +€44,921 | |
| Financial income | 75/76B | €870 | €824 | -€46 | -5.3% |
| Recurring financial income | 75 | €870 | €824 | -€46 | -5.3% |
| Financial charges | 65/66B | €2,185 | €2,505 | +€321 | +14.7% |
| Recurring financial charges | 65 | €2,185 | €2,505 | +€321 | +14.7% |
| Profit (loss) for the period before taxes | 9903 | -€29,658 | €14,896 | +€44,554 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€29,658 | €14,896 | +€44,554 | |
| Profit (loss) for the period to be appropriated | 9905 | -€29,658 | €14,896 | +€44,554 |
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 31 October 2026 via checked.be.