ARDESON: 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.
ARDESON
Largest movements
- Cash +€13,598
up €13,598 (+309%), from €4,403 to €18,001
mainly Net result for the year (+€13,946) and Tax, wage and social debts (+€4,814)
- Tangible fixed assets +€1,918
up €1,918 (+94.6%), from €2,028 to €3,946
- Reserves +€13,946
up €13,946 (+26.7%), from €52,205 to €66,151
- Tax, wage and social debts +€4,814
up €4,814 (+78.7%), from €6,116 to €10,930
- Trade debts -€2,279
down €2,279 (-97.6%), from €2,336 to €57
- Depreciation +€722
up €722 (+88.8%), from €813 to €1,535
- Other operating charges +€422
new in 2025: €422
- Gross operating margin +€376
up €376 (+1.8%), from €21,130 to €21,506
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 | €83,677 | €100,158 | +€16,481 | +19.7% |
| Fixed assets | 21/28 | €2,028 | €3,946 | +€1,918 | +94.6% |
| Tangible fixed assets | 22/27 | €2,028 | €3,946 | +€1,918 | +94.6% |
| Plant, machinery and equipment | 23 | €2,028 | €3,946 | +€1,918 | +94.6% |
| Current assets | 29/58 | €81,649 | €96,212 | +€14,563 | +17.8% |
| Amounts receivable within one year | 40/41 | €77,246 | €78,211 | +€965 | +1.2% |
| Trade receivables | 40 | €1 | €62 | +€61 | +6,100% |
| Other amounts receivable | 41 | €77,245 | €78,149 | +€904 | +1.2% |
| Cash at bank and in hand | 54/58 | €4,403 | €18,001 | +€13,598 | +309% |
| Total equity and liabilities | 10/49 | €83,677 | €100,158 | +€16,481 | +19.7% |
| Equity | 10/15 | €75,225 | €89,171 | +€13,946 | +18.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €52,205 | €66,151 | +€13,946 | +26.7% |
| Non-distributable reserves | 130/1 | €52,205 | €66,151 | +€13,946 | +26.7% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Other | 1319 | €50,346 | €64,292 | +€13,946 | +27.7% |
| Profit (loss) carried forward | 14 | €4,428 | €4,428 | = | 0.0% |
| Amounts payable | 17/49 | €8,452 | €10,987 | +€2,535 | +30.0% |
| Amounts payable within one year | 42/48 | €8,452 | €10,987 | +€2,535 | +30.0% |
| Trade debts | 44 | €2,336 | €57 | -€2,279 | -97.6% |
| Suppliers | 440/4 | €2,336 | €57 | -€2,279 | -97.6% |
| Taxes, remuneration and social security | 45 | €6,116 | €10,930 | +€4,814 | +78.7% |
| Taxes | 450/3 | €6,116 | €10,930 | +€4,814 | +78.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €813 | €1,535 | +€722 | +88.8% |
| Other operating charges | 640/8 | - | €422 | +€422 | |
| Gross operating margin | 9900 | €21,130 | €21,506 | +€376 | +1.8% |
| Operating profit (loss) | 9901 | €20,317 | €19,549 | -€768 | -3.8% |
| Financial income | 75/76B | €887 | €951 | +€64 | +7.2% |
| Recurring financial income | 75 | €887 | €951 | +€64 | +7.2% |
| Financial charges | 65/66B | €403 | €334 | -€69 | -17.1% |
| Recurring financial charges | 65 | €403 | €334 | -€69 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | €20,801 | €20,166 | -€635 | -3.1% |
| Income taxes | 67/77 | €6,085 | €6,220 | +€135 | +2.2% |
| Profit (loss) for the period | 9904 | €14,716 | €13,946 | -€770 | -5.2% |
| Profit (loss) for the period to be appropriated | 9905 | €14,716 | €13,946 | -€770 | -5.2% |
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.