ARDESTRA: 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.
ARDESTRA
Largest movements
- Receivables after one year -€48,073
down €48,073 (-100%), from €48,073 to €0
- Tangible fixed assets +€36,154
up €36,154 (+1,449%), from €2,495 to €38,649
of which Furniture and vehicles: +€36,316
- Receivables within one year -€21,998
down €21,998 (-68.6%), from €32,061 to €10,062
- Cash -€3,284
down €3,284 (-3.5%), from €94,750 to €91,466
mainly Investment in fixed assets (net) (-€42,068) and Tax, wage and social debts (-€37,829)
- Tax, wage and social debts -€37,829
down €37,829 (-96.0%), from €39,394 to €1,565
- Profit (loss) carried forward -€7,361
down €7,361 (-5.4%), from €135,347 to €127,986
- Accrued charges and deferred income +€6,174
new in 2025: €6,174
- Trade debts +€1,814
up €1,814 (+111%), from €1,638 to €3,452
- Gross operating margin -€174,851
down €174,851 (-99.0%), from €176,644 to €1,794
- Taxes -€38,615
down €38,615 (-98.0%), from €39,394 to €779
- Depreciation +€5,713
up €5,713 (+2,831%), from €202 to €5,915
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 | €177,379 | €140,177 | -€37,202 | -21.0% |
| Fixed assets | 21/28 | €2,495 | €38,649 | +€36,154 | +1,449% |
| Tangible fixed assets | 22/27 | €2,495 | €38,649 | +€36,154 | +1,449% |
| Plant, machinery and equipment | 23 | €1,509 | €1,347 | -€162 | -10.8% |
| Furniture and vehicles | 24 | €986 | €37,302 | +€36,316 | +3,683% |
| Current assets | 29/58 | €174,883 | €101,528 | -€73,355 | -41.9% |
| Amounts receivable after more than one year | 29 | €48,073 | €0 | -€48,073 | -100% |
| Trade receivables | 290 | €48,073 | €0 | -€48,073 | -100% |
| Amounts receivable within one year | 40/41 | €32,061 | €10,062 | -€21,998 | -68.6% |
| Other amounts receivable | 41 | €32,061 | €10,062 | -€21,998 | -68.6% |
| Cash at bank and in hand | 54/58 | €94,750 | €91,466 | -€3,284 | -3.5% |
| Total equity and liabilities | 10/49 | €177,379 | €140,177 | -€37,202 | -21.0% |
| Equity | 10/15 | €136,347 | €128,986 | -€7,361 | -5.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €135,347 | €127,986 | -€7,361 | -5.4% |
| Amounts payable | 17/49 | €41,032 | €11,191 | -€29,841 | -72.7% |
| Amounts payable within one year | 42/48 | €41,032 | €5,017 | -€36,015 | -87.8% |
| Trade debts | 44 | €1,638 | €3,452 | +€1,814 | +111% |
| Suppliers | 440/4 | €1,638 | €3,452 | +€1,814 | +111% |
| Taxes, remuneration and social security | 45 | €39,394 | €1,565 | -€37,829 | -96.0% |
| Taxes | 450/3 | €39,394 | €1,565 | -€37,829 | -96.0% |
| Accrued charges and deferred income | 492/3 | - | €6,174 | +€6,174 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €202 | €5,915 | +€5,713 | +2,831% |
| Other operating charges | 640/8 | €1,002 | €1,296 | +€295 | +29.4% |
| Gross operating margin | 9900 | €176,644 | €1,794 | -€174,851 | -99.0% |
| Operating profit (loss) | 9901 | €175,441 | -€5,418 | -€180,858 | |
| Financial income | 75/76B | €1,839 | €3,028 | +€1,189 | +64.7% |
| Recurring financial income | 75 | €1,839 | €3,028 | +€1,189 | +64.7% |
| Financial charges | 65/66B | €2,538 | €4,192 | +€1,654 | +65.1% |
| Recurring financial charges | 65 | €2,538 | €4,192 | +€1,654 | +65.1% |
| Profit (loss) for the period before taxes | 9903 | €174,741 | -€6,582 | -€181,323 | |
| Income taxes | 67/77 | €39,394 | €779 | -€38,615 | -98.0% |
| Profit (loss) for the period | 9904 | €135,347 | -€7,361 | -€142,708 | |
| Profit (loss) for the period to be appropriated | 9905 | €135,347 | -€7,361 | -€142,708 |
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 17 October 2026 via checked.be.