ARDFURST: what changed
What changed
ARDFURST
NACE 46.494, Wholesale of non-electrical household articles
filed annual accounts (NBB)
Net result for the year
-€8,422
2025 · -€2,672-€5,749
Equity
-€68,902
2025 · -€60,481-€8,422
Cash
€1,134
2025 · €1,062+€72
Balance sheet total
€9,745
2025 · €11,422-€1,677
Largest movements
Assets
- Stocks and contracts -€1,525
down €1,525 (-21.2%), from €7,176 to €5,651
- Deferred charges and accrued income -€155
no longer reported in 2026 (was €155)
Equity and liabilities
- Profit (loss) carried forward -€8,422
down €8,422 (-10.6%), from -€79,081 to -€87,502
- Debts after one year +€7,250
up €7,250 (+11.4%), from €63,750 to €71,000
of which Financial debts: +€7,250
- Tax, wage and social debts -€2,853
down €2,853 (-83.4%), from €3,420 to €567
of which Remuneration and social security: -€2,297
- Other debts +€1,617
up €1,617 (+61.0%), from €2,653 to €4,270
- Advances received +€1,000
new in 2026: €1,000
Income statement
- Purchases and services +€29,566
new in 2026: €29,566
- Turnover +€23,337
new in 2026: €23,337
- Gross operating margin -€7,995
down €7,995, from €4,384 to -€3,611
- Financial charges -€1,930
down €1,930 (-35.4%), from €5,455 to €3,525
- Write-downs -€269
down €269 (-30.0%), from €897 to €628
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
-€2,672
Gross operating margin
-€7,995
Write-downs
+€269
Other operating charges
-€38
Financial income
-€0
Financial charges
+€1,930
Taxes
+€86
Result 2026
-€8,422
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€7,178
Investment
€0
Financing
+€7,250
Cash 2025
€1,062
From operations (derived)
-€7,178
Net result for the year
-€8,422
Stocks and contracts
+€1,525
Receivables within one year
+€70
Deferred charges and accrued income
+€155
Trade debts
+€478
Tax, wage and social debts
-€2,853
Advances received
+€1,000
Other debts
+€1,617
Accrued charges and deferred income
-€748
Financing
+€7,250
Debts after one year
+€7,250
Cash 2026
€1,134
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,422 | €9,745 | -€1,677 | -14.7% |
| Fixed assets | 21/28 | €248 | €248 | = | 0.0% |
| Financial fixed assets | 28 | €248 | €248 | = | 0.0% |
| Current assets | 29/58 | €11,174 | €9,497 | -€1,677 | -15.0% |
| Stocks and contracts in progress | 3 | €7,176 | €5,651 | -€1,525 | -21.2% |
| Stocks | 30/36 | €7,176 | €5,651 | -€1,525 | -21.2% |
| Amounts receivable within one year | 40/41 | €2,782 | €2,712 | -€70 | -2.5% |
| Trade receivables | 40 | €2,782 | €2,584 | -€198 | -7.1% |
| Other amounts receivable | 41 | - | €128 | +€128 | |
| Cash at bank and in hand | 54/58 | €1,062 | €1,134 | +€72 | +6.8% |
| Deferred charges and accrued income | 490/1 | €155 | - | -€155 | |
| Total equity and liabilities | 10/49 | €11,422 | €9,745 | -€1,677 | -14.7% |
| Equity | 10/15 | -€60,481 | -€68,902 | -€8,422 | -13.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€79,081 | -€87,502 | -€8,422 | -10.6% |
| Amounts payable | 17/49 | €71,903 | €78,647 | +€6,745 | +9.4% |
| Amounts payable after more than one year | 17 | €63,750 | €71,000 | +€7,250 | +11.4% |
| Financial debts | 170/4 | €48,750 | €56,000 | +€7,250 | +14.9% |
| Other amounts payable | 178/9 | €15,000 | €15,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €6,098 | €6,340 | +€242 | +4.0% |
| Trade debts | 44 | €25 | €503 | +€478 | +1,906% |
| Suppliers | 440/4 | €25 | €503 | +€478 | +1,906% |
| Advances received on contracts in progress | 46 | - | €1,000 | +€1,000 | |
| Taxes, remuneration and social security | 45 | €3,420 | €567 | -€2,853 | -83.4% |
| Taxes | 450/3 | €1,123 | €567 | -€556 | -49.5% |
| Remuneration and social security | 454/9 | €2,297 | - | -€2,297 | |
| Other amounts payable | 47/48 | €2,653 | €4,270 | +€1,617 | +61.0% |
| Accrued charges and deferred income | 492/3 | €2,055 | €1,307 | -€748 | -36.4% |
| Turnover | 70 | - | €23,337 | +€23,337 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €29,566 | +€29,566 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €897 | €628 | -€269 | -30.0% |
| Other operating charges | 640/8 | €505 | €544 | +€38 | +7.6% |
| Gross operating margin | 9900 | €4,384 | -€3,611 | -€7,995 | |
| Operating profit (loss) | 9901 | €2,982 | -€4,783 | -€7,765 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €5,455 | €3,525 | -€1,930 | -35.4% |
| Recurring financial charges | 65 | €5,455 | €3,525 | -€1,930 | -35.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,473 | -€8,309 | -€5,835 | -236% |
| Income taxes | 67/77 | €199 | €113 | -€86 | -43.1% |
| Profit (loss) for the period | 9904 | -€2,672 | -€8,422 | -€5,749 | -215% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,672 | -€8,422 | -€5,749 | -215% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.