Ardeos BV: what changed
Two fiscal 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.
Ardeos BV
Largest movements
- Cash -€24,253
down €24,253 (-6.9%), from €351,103 to €326,849
mainly Contributions, distributions and other (-€455,566) and Investment in fixed assets (net) (-€2,904)
- Receivables within one year -€14,983
down €14,983 (-65.9%), from €22,737 to €7,754
of which Other amounts receivable: -€21,097
- Profit (loss) carried forward -€240,842
down €240,842 (-62.3%), from €386,588 to €145,746
- Other debts +€195,206
up €195,206 (+3873.9%), from €5,039 to €200,245
- Gross operating margin +€77,394
up €77,394 (+26.5%), from €292,219 to €369,612
- Staff costs +€34,822
up €34,822 (+78.0%), from €44,652 to €79,473
- Taxes +€12,334
up €12,334 (+19.7%), from €62,521 to €74,855
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.
Cash bridge derived
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 | €406,891 | €366,352 | -€40,538 | -10.0% |
| Fixed assets | 21/28 | €270 | €2,065 | +€1,794 | +663.6% |
| Tangible fixed assets | 22/27 | €270 | €2,065 | +€1,794 | +663.6% |
| Plant, machinery and equipment | 23 | €270 | - | -€270 | |
| Furniture and vehicles | 24 | - | €2,065 | +€2,065 | |
| Current assets | 29/58 | €406,620 | €364,288 | -€42,333 | -10.4% |
| Amounts receivable within one year | 40/41 | €22,737 | €7,754 | -€14,983 | -65.9% |
| Trade receivables | 40 | €974 | €7,088 | +€6,114 | +627.5% |
| Other amounts receivable | 41 | €21,763 | €666 | -€21,097 | -96.9% |
| Cash at bank and in hand | 54/58 | €351,103 | €326,849 | -€24,253 | -6.9% |
| Deferred charges and accrued income | 490/1 | €32,781 | €29,684 | -€3,096 | -9.4% |
| Total equity and liabilities | 10/49 | €406,891 | €366,352 | -€40,538 | -10.0% |
| Equity | 10/15 | €394,648 | €153,806 | -€240,842 | -61.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €386,588 | €145,746 | -€240,842 | -62.3% |
| Amounts payable | 17/49 | €12,243 | €212,546 | +€200,303 | +1636.1% |
| Amounts payable within one year | 42/48 | €11,751 | €212,331 | +€200,580 | +1707.0% |
| Trade debts | 44 | €573 | €3,869 | +€3,296 | +575.4% |
| Suppliers | 440/4 | €573 | €3,869 | +€3,296 | +575.4% |
| Taxes, remuneration and social security | 45 | €6,139 | €8,216 | +€2,078 | +33.8% |
| Taxes | 450/3 | €164 | €339 | +€175 | +106.8% |
| Remuneration and social security | 454/9 | €5,975 | €7,878 | +€1,903 | +31.8% |
| Other amounts payable | 47/48 | €5,039 | €200,245 | +€195,206 | +3873.9% |
| Accrued charges and deferred income | 492/3 | €492 | €216 | -€277 | -56.2% |
| Remuneration, social security and pensions | 62 | €44,652 | €79,473 | +€34,822 | +78.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €595 | €1,110 | +€515 | +86.7% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €292,219 | €369,612 | +€77,394 | +26.5% |
| Operating profit (loss) | 9901 | €246,467 | €288,510 | +€42,042 | +17.1% |
| Financial income | 75/76B | €3,906 | €3,554 | -€352 | -9.0% |
| Recurring financial income | 75 | €3,906 | €2,564 | -€1,342 | -34.4% |
| Non-recurring financial income | 76B | - | €991 | +€991 | |
| Financial charges | 65/66B | €632 | €2,484 | +€1,852 | +293.1% |
| Recurring financial charges | 65 | €632 | €2,484 | +€1,852 | +293.1% |
| Profit (loss) for the period before taxes | 9903 | €249,741 | €289,580 | +€39,838 | +16.0% |
| Income taxes | 67/77 | €62,521 | €74,855 | +€12,334 | +19.7% |
| Profit (loss) for the period | 9904 | €187,220 | €214,725 | +€27,505 | +14.7% |
| Profit (loss) for the period to be appropriated | 9905 | €187,220 | €214,725 | +€27,505 | +14.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.