ARDENNOR PROJECT & FACILITY MANAGEMENT: 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.
ARDENNOR PROJECT & FACILITY MANAGEMENT
Largest movements
- Receivables within one year -€63,307
down €63,307 (-18.4%), from €344,735 to €281,428
of which Other amounts receivable: -€63,908
- Cash -€17,081
down €17,081 (-48.1%), from €35,529 to €18,448
mainly Trade debts (-€165,747) and Net result for the year (-€41,682)
- Trade debts -€165,747
down €165,747 (-58.7%), from €282,417 to €116,670
- Other debts +€123,696
up €123,696 (+122%), from €101,473 to €225,169
- Profit (loss) carried forward -€41,682
down €41,682 (-67.3%), from -€61,895 to -€103,577
- Staff costs -€16,625
down €16,625 (-20.2%), from €82,110 to €65,485
- Gross operating margin +€7,718
up €7,718 (+35.6%), from €21,702 to €29,420
- Financial charges +€1,976
up €1,976 (+144%), from €1,377 to €3,353
- Financial income -€1,248
no longer reported in 2025 (was €1,248)
- Other operating charges +€892
up €892 (+78.9%), from €1,131 to €2,023
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 | €385,769 | €305,126 | -€80,643 | -20.9% |
| Fixed assets | 21/28 | €5,250 | €5,250 | = | 0.0% |
| Financial fixed assets | 28 | €5,250 | €5,250 | = | 0.0% |
| Current assets | 29/58 | €380,519 | €299,876 | -€80,643 | -21.2% |
| Amounts receivable within one year | 40/41 | €344,735 | €281,428 | -€63,307 | -18.4% |
| Trade receivables | 40 | €76,639 | €77,240 | +€601 | +0.8% |
| Other amounts receivable | 41 | €268,096 | €204,188 | -€63,908 | -23.8% |
| Cash at bank and in hand | 54/58 | €35,529 | €18,448 | -€17,081 | -48.1% |
| Deferred charges and accrued income | 490/1 | €255 | - | -€255 | |
| Total equity and liabilities | 10/49 | €385,769 | €305,126 | -€80,643 | -20.9% |
| Equity | 10/15 | €1,652 | -€40,030 | -€41,682 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | €5,000 | = | 0.0% |
| Issued capital | 100 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €58,547 | €58,547 | = | 0.0% |
| Distributable reserves | 133 | €58,547 | €58,547 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€61,895 | -€103,577 | -€41,682 | -67.3% |
| Amounts payable | 17/49 | €384,117 | €345,156 | -€38,961 | -10.1% |
| Amounts payable within one year | 42/48 | €384,117 | €345,156 | -€38,961 | -10.1% |
| Trade debts | 44 | €282,417 | €116,670 | -€165,747 | -58.7% |
| Suppliers | 440/4 | €282,417 | €116,670 | -€165,747 | -58.7% |
| Taxes, remuneration and social security | 45 | €227 | €3,317 | +€3,090 | +1,361% |
| Taxes | 450/3 | €227 | €3,317 | +€3,090 | +1,361% |
| Other amounts payable | 47/48 | €101,473 | €225,169 | +€123,696 | +122% |
| Remuneration, social security and pensions | 62 | €82,110 | €65,485 | -€16,625 | -20.2% |
| Other operating charges | 640/8 | €1,131 | €2,023 | +€892 | +78.9% |
| Gross operating margin | 9900 | €21,702 | €29,420 | +€7,718 | +35.6% |
| Operating profit (loss) | 9901 | -€61,539 | -€38,088 | +€23,451 | +38.1% |
| Financial income | 75/76B | €1,248 | - | -€1,248 | |
| Recurring financial income | 75 | €1,248 | - | -€1,248 | |
| Financial charges | 65/66B | €1,377 | €3,353 | +€1,976 | +144% |
| Recurring financial charges | 65 | €1,377 | €3,353 | +€1,976 | +144% |
| Profit (loss) for the period before taxes | 9903 | -€61,668 | -€41,441 | +€20,227 | +32.8% |
| Income taxes | 67/77 | €227 | €241 | +€14 | +6.2% |
| Profit (loss) for the period | 9904 | -€61,895 | -€41,682 | +€20,213 | +32.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€61,895 | -€41,682 | +€20,213 | +32.7% |
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 28 October 2026 via checked.be.