ARDEVE: 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.
ARDEVE
Largest movements
- Cash -€13,547
down €13,547 (-19.2%), from €70,496 to €56,949
mainly Contributions, distributions and other (-€53,500) and Debts after one year (-€6,800)
- Tangible fixed assets -€7,192
down €7,192 (-7.5%), from €96,383 to €89,191
of which Other tangible fixed assets: -€9,174
- Contributions -€20,360
down €20,360 (-99.5%), from €20,460 to €100
- Debts after one year -€6,800
down €6,800 (-11.4%), from €59,733 to €52,933
- Profit (loss) carried forward +€3,506
up €3,506 (+10.5%), from €33,327 to €36,832
- Gross operating margin +€27,783
up €27,783 (+73.7%), from €37,715 to €65,498
- Taxes +€6,171
up €6,171 (+159%), from €3,885 to €10,056
- Depreciation -€997
down €997 (-6.9%), from €14,381 to €13,384
- Financial charges -€963
down €963 (-17.6%), from €5,469 to €4,506
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 | €183,429 | €162,189 | -€21,240 | -11.6% |
| Fixed assets | 21/28 | €96,383 | €89,191 | -€7,192 | -7.5% |
| Tangible fixed assets | 22/27 | €96,383 | €89,191 | -€7,192 | -7.5% |
| Plant, machinery and equipment | 23 | €2,043 | €1,454 | -€590 | -28.9% |
| Furniture and vehicles | 24 | €1,798 | €4,371 | +€2,572 | +143% |
| Other tangible fixed assets | 26 | €92,541 | €83,367 | -€9,174 | -9.9% |
| Current assets | 29/58 | €87,046 | €72,998 | -€14,048 | -16.1% |
| Amounts receivable within one year | 40/41 | €14,630 | €13,115 | -€1,515 | -10.4% |
| Trade receivables | 40 | €14,623 | €12,708 | -€1,916 | -13.1% |
| Other amounts receivable | 41 | €6 | €407 | +€401 | +6,345% |
| Cash at bank and in hand | 54/58 | €70,496 | €56,949 | -€13,547 | -19.2% |
| Deferred charges and accrued income | 490/1 | €1,921 | €2,935 | +€1,014 | +52.8% |
| Total equity and liabilities | 10/49 | €183,429 | €162,189 | -€21,240 | -11.6% |
| Equity | 10/15 | €108,596 | €91,742 | -€16,854 | -15.5% |
| Contributions | 10/11 | €20,460 | €100 | -€20,360 | -99.5% |
| Reserves | 13 | €54,809 | €54,809 | = | 0.0% |
| Distributable reserves | 133 | €54,809 | €54,809 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,327 | €36,832 | +€3,506 | +10.5% |
| Amounts payable | 17/49 | €74,833 | €70,447 | -€4,386 | -5.9% |
| Amounts payable after more than one year | 17 | €59,733 | €52,933 | -€6,800 | -11.4% |
| Financial debts | 170/4 | €59,733 | €52,933 | -€6,800 | -11.4% |
| Amounts payable within one year | 42/48 | €14,861 | €17,368 | +€2,508 | +16.9% |
| Current portion of amounts payable after more than one year | 42 | €6,512 | €6,800 | +€288 | +4.4% |
| Trade debts | 44 | €1,336 | €1,867 | +€532 | +39.8% |
| Suppliers | 440/4 | €1,336 | €1,867 | +€532 | +39.8% |
| Taxes, remuneration and social security | 45 | €5,685 | €6,806 | +€1,121 | +19.7% |
| Taxes | 450/3 | €5,685 | €6,806 | +€1,121 | +19.7% |
| Other amounts payable | 47/48 | €1,328 | €1,895 | +€567 | +42.7% |
| Accrued charges and deferred income | 492/3 | €239 | €146 | -€93 | -39.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,381 | €13,384 | -€997 | -6.9% |
| Other operating charges | 640/8 | €856 | €907 | +€51 | +6.0% |
| Gross operating margin | 9900 | €37,715 | €65,498 | +€27,783 | +73.7% |
| Operating profit (loss) | 9901 | €22,479 | €51,208 | +€28,729 | +128% |
| Financial income | 75/76B | €0 | €0 | -€0 | -66.7% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -66.7% |
| Financial charges | 65/66B | €5,469 | €4,506 | -€963 | -17.6% |
| Recurring financial charges | 65 | €5,469 | €4,506 | -€963 | -17.6% |
| Profit (loss) for the period before taxes | 9903 | €17,010 | €46,702 | +€29,692 | +175% |
| Income taxes | 67/77 | €3,885 | €10,056 | +€6,171 | +159% |
| Profit (loss) for the period | 9904 | €13,124 | €36,646 | +€23,521 | +179% |
| Profit (loss) for the period to be appropriated | 9905 | €13,124 | €36,646 | +€23,521 | +179% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.