ARDENTIC: 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.
ARDENTIC
Largest movements
- Current investments +€48,778
new in 2025: €48,778
- Cash +€42,247
up €42,247 (+519%), from €8,147 to €50,395
mainly Net result for the year (+€69,240) and Tax, wage and social debts (+€19,408)
- Reserves +€68,407
up €68,407 (+678%), from €10,087 to €78,494
- Tax, wage and social debts +€19,408
up €19,408 (+651%), from €2,980 to €22,388
- Trade debts +€2,808
up €2,808 (+412%), from €681 to €3,489
- Gross operating margin +€82,807
up €82,807 (+619%), from €13,369 to €96,176
- Taxes +€21,958
up €21,958 (+737%), from €2,980 to €24,938
- Financial charges +€1,314
up €1,314 (+2,102%), from €63 to €1,376
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 | €27,606 | €118,471 | +€90,864 | +329% |
| Fixed assets | 21/28 | €2,917 | €2,286 | -€632 | -21.6% |
| Tangible fixed assets | 22/27 | €2,917 | €2,286 | -€632 | -21.6% |
| Furniture and vehicles | 24 | €2,917 | €2,286 | -€632 | -21.6% |
| Current assets | 29/58 | €24,689 | €116,185 | +€91,496 | +371% |
| Amounts receivable within one year | 40/41 | €16,336 | €16,788 | +€452 | +2.8% |
| Trade receivables | 40 | €16,336 | €16,788 | +€452 | +2.8% |
| Current investments | 50/53 | - | €48,778 | +€48,778 | |
| Cash at bank and in hand | 54/58 | €8,147 | €50,395 | +€42,247 | +519% |
| Deferred charges and accrued income | 490/1 | €206 | €224 | +€18 | +8.7% |
| Total equity and liabilities | 10/49 | €27,606 | €118,471 | +€90,864 | +329% |
| Equity | 10/15 | €13,087 | €81,494 | +€68,407 | +523% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €10,087 | €78,494 | +€68,407 | +678% |
| Distributable reserves | 133 | €10,087 | €78,494 | +€68,407 | +678% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €14,519 | €36,977 | +€22,457 | +155% |
| Amounts payable within one year | 42/48 | €14,519 | €36,977 | +€22,457 | +155% |
| Trade debts | 44 | €681 | €3,489 | +€2,808 | +412% |
| Suppliers | 440/4 | €681 | €3,489 | +€2,808 | +412% |
| Taxes, remuneration and social security | 45 | €2,980 | €22,388 | +€19,408 | +651% |
| Taxes | 450/3 | €2,980 | €22,388 | +€19,408 | +651% |
| Other amounts payable | 47/48 | €10,859 | €11,099 | +€241 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €240 | €632 | +€391 | +163% |
| Gross operating margin | 9900 | €13,369 | €96,176 | +€82,807 | +619% |
| Operating profit (loss) | 9901 | €13,129 | €95,545 | +€82,415 | +628% |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €63 | €1,376 | +€1,314 | +2,102% |
| Recurring financial charges | 65 | €63 | €1,376 | +€1,314 | +2,102% |
| Profit (loss) for the period before taxes | 9903 | €13,067 | €94,178 | +€81,111 | +621% |
| Income taxes | 67/77 | €2,980 | €24,938 | +€21,958 | +737% |
| Profit (loss) for the period | 9904 | €10,087 | €69,240 | +€59,153 | +586% |
| Profit (loss) for the period to be appropriated | 9905 | €10,087 | €69,240 | +€59,153 | +586% |
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 16 October 2026 via checked.be.