ARDETIS: 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.
ARDETIS
Largest movements
- Tangible fixed assets +€32,240
up €32,240 (+770.0%), from €4,187 to €36,428
of which Furniture and vehicles: +€32,622
- Cash -€12,201
down €12,201 (-4.9%), from €248,454 to €236,252
mainly Contributions, distributions and other (-€75,000) and Investment in fixed assets (net) (-€37,654)
- Receivables within one year -€10,095
down €10,095 (-50.7%), from €19,923 to €9,828
of which Trade receivables: -€6,991
- Stocks and contracts -€6,130
down €6,130 (-40.7%), from €15,047 to €8,917
- Other debts -€6,573
down €6,573 (-3.1%), from €208,967 to €202,395
- Trade debts +€6,096
up €6,096 (+64.2%), from €9,496 to €15,592
- Profit (loss) carried forward +€5,378
up €5,378 (+10.8%), from €50,000 to €55,378
- Gross operating margin +€12,493
up €12,493 (+11.6%), from €107,677 to €120,169
- Taxes +€5,979
up €5,979 (+27.3%), from €21,935 to €27,914
- Financial charges +€5,291
up €5,291 (+319.7%), from €1,655 to €6,946
- Depreciation +€3,911
up €3,911 (+260.2%), from €1,503 to €5,414
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 | €288,000 | €291,826 | +€3,826 | +1.3% |
| Fixed assets | 21/28 | €4,187 | €36,428 | +€32,240 | +770.0% |
| Tangible fixed assets | 22/27 | €4,187 | €36,428 | +€32,240 | +770.0% |
| Land and buildings | 22 | €3,031 | €2,650 | -€382 | -12.6% |
| Furniture and vehicles | 24 | €1,156 | €33,778 | +€32,622 | +2822.0% |
| Current assets | 29/58 | €283,813 | €255,398 | -€28,414 | -10.0% |
| Stocks and contracts in progress | 3 | €15,047 | €8,917 | -€6,130 | -40.7% |
| Stocks | 30/36 | €15,047 | €8,917 | -€6,130 | -40.7% |
| Amounts receivable within one year | 40/41 | €19,923 | €9,828 | -€10,095 | -50.7% |
| Trade receivables | 40 | €16,754 | €9,763 | -€6,991 | -41.7% |
| Other amounts receivable | 41 | €3,169 | €65 | -€3,104 | -97.9% |
| Cash at bank and in hand | 54/58 | €248,454 | €236,252 | -€12,201 | -4.9% |
| Deferred charges and accrued income | 490/1 | €389 | €401 | +€11 | +2.9% |
| Total equity and liabilities | 10/49 | €288,000 | €291,826 | +€3,826 | +1.3% |
| Equity | 10/15 | €55,000 | €60,378 | +€5,378 | +9.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,000 | €55,378 | +€5,378 | +10.8% |
| Amounts payable | 17/49 | €233,000 | €231,448 | -€1,552 | -0.7% |
| Amounts payable within one year | 42/48 | €233,000 | €230,998 | -€2,002 | -0.9% |
| Trade debts | 44 | €9,496 | €15,592 | +€6,096 | +64.2% |
| Suppliers | 440/4 | €9,496 | €15,592 | +€6,096 | +64.2% |
| Taxes, remuneration and social security | 45 | €14,537 | €13,011 | -€1,526 | -10.5% |
| Taxes | 450/3 | €14,537 | €13,011 | -€1,526 | -10.5% |
| Other amounts payable | 47/48 | €208,967 | €202,395 | -€6,573 | -3.1% |
| Accrued charges and deferred income | 492/3 | - | €450 | +€450 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,503 | €5,414 | +€3,911 | +260.2% |
| Other operating charges | 640/8 | €515 | €690 | +€175 | +34.0% |
| Gross operating margin | 9900 | €107,677 | €120,169 | +€12,493 | +11.6% |
| Operating profit (loss) | 9901 | €105,659 | €114,066 | +€8,407 | +8.0% |
| Financial income | 75/76B | €1,970 | €1,172 | -€798 | -40.5% |
| Recurring financial income | 75 | €1,970 | €1,172 | -€798 | -40.5% |
| Financial charges | 65/66B | €1,655 | €6,946 | +€5,291 | +319.7% |
| Recurring financial charges | 65 | €1,655 | €6,946 | +€5,291 | +319.7% |
| Profit (loss) for the period before taxes | 9903 | €105,974 | €108,292 | +€2,318 | +2.2% |
| Income taxes | 67/77 | €21,935 | €27,914 | +€5,979 | +27.3% |
| Profit (loss) for the period | 9904 | €84,039 | €80,378 | -€3,661 | -4.4% |
| Profit (loss) for the period to be appropriated | 9905 | €84,039 | €80,378 | -€3,661 | -4.4% |
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 12 October 2026 via checked.be.