ARDEVA: 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.
ARDEVA
Largest movements
- Receivables within one year -€31,698
down €31,698 (-39.3%), from €80,556 to €48,858
of which Other amounts receivable: -€76,839
- Tangible fixed assets -€4,472
down €4,472 (-2.2%), from €199,537 to €195,065
- Reserves -€22,578
down €22,578 (-16.9%), from €133,796 to €111,218
of which Distributable reserves: -€22,578
- Tax, wage and social debts -€14,206
down €14,206 (-100.0%), from €14,206 to €0
- Debts after one year -€8,839
down €8,839 (-11.0%), from €80,540 to €71,701
- Other debts +€7,276
new in 2025: €7,276
- Taxes -€4,372
down €4,372 (-100.0%), from €4,372 to €0
- Gross operating margin -€2,062
down €2,062 (-4.9%), from €42,003 to €39,941
- Depreciation +€1,737
up €1,737 (+28.1%), from €6,176 to €7,913
- Financial charges +€1,143
up €1,143 (+32.6%), from €3,510 to €4,653
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 | €299,666 | €261,689 | -€37,977 | -12.7% |
| Fixed assets | 21/28 | €199,537 | €195,065 | -€4,472 | -2.2% |
| Tangible fixed assets | 22/27 | €199,537 | €195,065 | -€4,472 | -2.2% |
| Land and buildings | 22 | €199,537 | €195,065 | -€4,472 | -2.2% |
| Current assets | 29/58 | €100,129 | €66,624 | -€33,505 | -33.5% |
| Amounts receivable after more than one year | 29 | €15,000 | €15,000 | = | 0.0% |
| Other amounts receivable | 291 | €15,000 | €15,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €80,556 | €48,858 | -€31,698 | -39.3% |
| Trade receivables | 40 | €0 | €45,141 | +€45,141 | |
| Other amounts receivable | 41 | €80,556 | €3,717 | -€76,839 | -95.4% |
| Cash at bank and in hand | 54/58 | €3,252 | €1,055 | -€2,197 | -67.6% |
| Deferred charges and accrued income | 490/1 | €1,321 | €1,711 | +€390 | +29.5% |
| Total equity and liabilities | 10/49 | €299,666 | €261,689 | -€37,977 | -12.7% |
| Equity | 10/15 | €195,796 | €173,218 | -€22,578 | -11.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €133,796 | €111,218 | -€22,578 | -16.9% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €127,596 | €105,018 | -€22,578 | -17.7% |
| Amounts payable | 17/49 | €103,870 | €88,471 | -€15,399 | -14.8% |
| Amounts payable after more than one year | 17 | €80,540 | €71,701 | -€8,839 | -11.0% |
| Financial debts | 170/4 | €80,540 | €71,701 | -€8,839 | -11.0% |
| Amounts payable within one year | 42/48 | €23,303 | €16,770 | -€6,533 | -28.0% |
| Current portion of amounts payable after more than one year | 42 | €8,468 | €8,839 | +€371 | +4.4% |
| Trade debts | 44 | €629 | €655 | +€26 | +4.1% |
| Suppliers | 440/4 | €629 | €655 | +€26 | +4.1% |
| Taxes, remuneration and social security | 45 | €14,206 | €0 | -€14,206 | -100.0% |
| Taxes | 450/3 | €14,206 | €0 | -€14,206 | -100.0% |
| Other amounts payable | 47/48 | - | €7,276 | +€7,276 | |
| Accrued charges and deferred income | 492/3 | €27 | €0 | -€27 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,176 | €7,913 | +€1,737 | +28.1% |
| Other operating charges | 640/8 | €8,881 | €9,160 | +€279 | +3.1% |
| Non-recurring operating charges | 66A | - | €41,379 | +€41,379 | |
| Gross operating margin | 9900 | €42,003 | €39,941 | -€2,062 | -4.9% |
| Operating profit (loss) | 9901 | €26,946 | -€18,511 | -€45,457 | |
| Financial income | 75/76B | €597 | €586 | -€11 | -1.8% |
| Recurring financial income | 75 | €597 | €586 | -€11 | -1.8% |
| Financial charges | 65/66B | €3,510 | €4,653 | +€1,143 | +32.6% |
| Recurring financial charges | 65 | €3,510 | €4,653 | +€1,143 | +32.6% |
| Profit (loss) for the period before taxes | 9903 | €24,034 | -€22,578 | -€46,612 | |
| Income taxes | 67/77 | €4,372 | €0 | -€4,372 | -100.0% |
| Profit (loss) for the period | 9904 | €19,661 | -€22,578 | -€42,240 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,661 | -€22,578 | -€42,240 |
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 3 October 2026 via checked.be.