ARDENT RETAIL: 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.
ARDENT RETAIL
Largest movements
- Financial fixed assets +€4.8m
up €4.8m (+115%), from €4.2m to €8.9m
- Contributions +€5.5m
up €5.5m (+688%), from €800,000 to €6.3m
- Other debts -€1.2m
down €1.2m (-89.6%), from €1.4m to €142,541
- Profit (loss) carried forward +€628,380
up €628,380 (+95.8%), from -€656,135 to -€27,755
- Short-term financial debts -€101,678
down €101,678 (-3.8%), from €2.7m to €2.6m
- Financial charges -€18,937
down €18,937 (-9.7%), from €194,836 to €175,899
- Financial income +€16,000
up €16,000 (+25.0%), from €64,000 to €80,000
- Gross operating margin -€10,780
down €10,780 (-82.7%), from -€13,039 to -€23,818
- Other operating charges +€448
up €448 (+30.8%), from €1,455 to €1,903
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 | €4,223,050 | €9,018,069 | +€4.8m | +114% |
| Fixed assets | 21/28 | €4,153,729 | €8,923,729 | +€4.8m | +115% |
| Financial fixed assets | 28 | €4,153,729 | €8,923,729 | +€4.8m | +115% |
| Current assets | 29/58 | €69,321 | €94,340 | +€25,019 | +36.1% |
| Cash at bank and in hand | 54/58 | €69,321 | €94,340 | +€25,019 | +36.1% |
| Total equity and liabilities | 10/49 | €4,223,050 | €9,018,069 | +€4.8m | +114% |
| Equity | 10/15 | €143,865 | €6,272,245 | +€6.1m | +4,260% |
| Contributions | 10/11 | €800,000 | €6,300,000 | +€5.5m | +688% |
| Capital | 10 | €800,000 | €6,300,000 | +€5.5m | +688% |
| Issued capital | 100 | €800,000 | €6,300,000 | +€5.5m | +688% |
| Profit (loss) carried forward | 14 | -€656,135 | -€27,755 | +€628,380 | +95.8% |
| Amounts payable | 17/49 | €4,079,185 | €2,745,823 | -€1.3m | -32.7% |
| Amounts payable within one year | 42/48 | €4,079,185 | €2,745,823 | -€1.3m | -32.7% |
| Financial debts | 43 | €2,701,678 | €2,600,000 | -€101,678 | -3.8% |
| Credit institutions | 430/8 | €2,701,678 | €2,600,000 | -€101,678 | -3.8% |
| Trade debts | 44 | €3,432 | €3,283 | -€150 | -4.4% |
| Suppliers | 440/4 | €3,432 | €3,283 | -€150 | -4.4% |
| Other amounts payable | 47/48 | €1,374,074 | €142,541 | -€1.2m | -89.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Other operating charges | 640/8 | €1,455 | €1,903 | +€448 | +30.8% |
| Gross operating margin | 9900 | -€13,039 | -€23,818 | -€10,780 | -82.7% |
| Operating profit (loss) | 9901 | -€14,494 | -€25,721 | -€11,227 | -77.5% |
| Financial income | 75/76B | €64,000 | €80,000 | +€16,000 | +25.0% |
| Recurring financial income | 75 | €64,000 | €80,000 | +€16,000 | +25.0% |
| Financial charges | 65/66B | €194,836 | €175,899 | -€18,937 | -9.7% |
| Recurring financial charges | 65 | €194,836 | €175,899 | -€18,937 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | -€145,330 | -€121,620 | +€23,710 | +16.3% |
| Profit (loss) for the period | 9904 | -€145,330 | -€121,620 | +€23,710 | +16.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€145,330 | -€121,620 | +€23,710 | +16.3% |
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 29 October 2026 via checked.be.