ARDENTE IMMO: 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.
ARDENTE IMMO
Largest movements
- Tangible fixed assets -€35,130
down €35,130 (-5.0%), from €706,810 to €671,679
of which Land and buildings: -€24,550
- Revaluation surpluses -€66,395
down €66,395 (-16.5%), from €401,910 to €335,516
- Reserves +€66,395
up €66,395 (+250%), from €26,537 to €92,931
- Other debts -€14,405
down €14,405 (-7.0%), from €205,681 to €191,275
- Profit (loss) carried forward -€14,376
down €14,376 (-7.6%), from -€188,627 to -€203,003
- Gross operating margin -€1,402
down €1,402 (-4.9%), from €28,914 to €27,512
- Other operating charges +€453
up €453 (+7.9%), from €5,768 to €6,221
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 | €727,151 | €696,649 | -€30,502 | -4.2% |
| Fixed assets | 21/28 | €706,810 | €671,679 | -€35,130 | -5.0% |
| Tangible fixed assets | 22/27 | €706,810 | €671,679 | -€35,130 | -5.0% |
| Land and buildings | 22 | €652,774 | €628,224 | -€24,550 | -3.8% |
| Plant, machinery and equipment | 23 | €52,707 | €42,502 | -€10,205 | -19.4% |
| Furniture and vehicles | 24 | €1,329 | €954 | -€375 | -28.2% |
| Current assets | 29/58 | €20,341 | €24,970 | +€4,629 | +22.8% |
| Amounts receivable within one year | 40/41 | €14,775 | €14,775 | = | 0.0% |
| Trade receivables | 40 | €14,775 | €14,775 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,294 | €2,092 | -€1,202 | -36.5% |
| Deferred charges and accrued income | 490/1 | €2,272 | €8,102 | +€5,831 | +257% |
| Total equity and liabilities | 10/49 | €727,151 | €696,649 | -€30,502 | -4.2% |
| Equity | 10/15 | €289,820 | €275,444 | -€14,376 | -5.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Capital | 10 | €50,000 | - | -€50,000 | |
| Issued capital | 100 | €50,000 | - | -€50,000 | |
| Revaluation surpluses | 12 | €401,910 | €335,516 | -€66,395 | -16.5% |
| Reserves | 13 | €26,537 | €92,931 | +€66,395 | +250% |
| Distributable reserves | 133 | €26,537 | €92,931 | +€66,395 | +250% |
| Profit (loss) carried forward | 14 | -€188,627 | -€203,003 | -€14,376 | -7.6% |
| Amounts payable | 17/49 | €437,331 | €421,205 | -€16,126 | -3.7% |
| Amounts payable after more than one year | 17 | €209,003 | €203,161 | -€5,842 | -2.8% |
| Financial debts | 170/4 | €209,003 | €203,161 | -€5,842 | -2.8% |
| Amounts payable within one year | 42/48 | €226,728 | €216,444 | -€10,284 | -4.5% |
| Current portion of amounts payable after more than one year | 42 | €5,755 | €5,842 | +€87 | +1.5% |
| Trade debts | 44 | €15,229 | €19,071 | +€3,842 | +25.2% |
| Suppliers | 440/4 | €15,229 | €19,071 | +€3,842 | +25.2% |
| Taxes, remuneration and social security | 45 | €64 | €256 | +€192 | +302% |
| Taxes | 450/3 | €64 | €256 | +€192 | +302% |
| Other amounts payable | 47/48 | €205,681 | €191,275 | -€14,405 | -7.0% |
| Accrued charges and deferred income | 492/3 | €1,600 | €1,600 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,927 | €35,130 | +€204 | +0.6% |
| Other operating charges | 640/8 | €5,768 | €6,221 | +€453 | +7.9% |
| Gross operating margin | 9900 | €28,914 | €27,512 | -€1,402 | -4.9% |
| Operating profit (loss) | 9901 | -€11,780 | -€13,839 | -€2,059 | -17.5% |
| Financial charges | 65/66B | €462 | €345 | -€117 | -25.4% |
| Recurring financial charges | 65 | €462 | €345 | -€117 | -25.4% |
| Profit (loss) for the period before taxes | 9903 | -€12,242 | -€14,184 | -€1,942 | -15.9% |
| Income taxes | 67/77 | €64 | €176 | +€112 | +177% |
| Profit (loss) for the period | 9904 | -€12,305 | -€14,360 | -€2,055 | -16.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,305 | -€14,360 | -€2,055 | -16.7% |
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 23 October 2026 via checked.be.