ARDI Management Functions: 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.
ARDI Management Functions
Largest movements
- Tangible fixed assets -€8,668
down €8,668 (-7.1%), from €121,358 to €112,689
- Accrued charges and deferred income -€7,347
down €7,347 (-54.5%), from €13,470 to €6,124
- Profit (loss) carried forward -€3,840
down €3,840 (-26.4%), from -€14,550 to -€18,390
- Other debts +€3,500
up €3,500 (+8.1%), from €43,141 to €46,641
- Gross operating margin -€609
down €609 (-8.7%), from €6,999 to €6,390
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 | €121,618 | €113,931 | -€7,687 | -6.3% |
| Fixed assets | 21/28 | €121,358 | €112,689 | -€8,668 | -7.1% |
| Tangible fixed assets | 22/27 | €121,358 | €112,689 | -€8,668 | -7.1% |
| Land and buildings | 22 | €121,358 | €112,689 | -€8,668 | -7.1% |
| Current assets | 29/58 | €260 | €1,242 | +€981 | +377% |
| Cash at bank and in hand | 54/58 | €260 | €1,242 | +€981 | +377% |
| Total equity and liabilities | 10/49 | €121,618 | €113,931 | -€7,687 | -6.3% |
| Equity | 10/15 | €65,007 | €61,166 | -€3,840 | -5.9% |
| Contributions | 10/11 | €71,197 | €71,197 | = | 0.0% |
| Reserves | 13 | €8,359 | €8,359 | = | 0.0% |
| Distributable reserves | 133 | €8,359 | €8,359 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,550 | -€18,390 | -€3,840 | -26.4% |
| Amounts payable | 17/49 | €56,611 | €52,765 | -€3,847 | -6.8% |
| Amounts payable within one year | 42/48 | €43,141 | €46,641 | +€3,500 | +8.1% |
| Other amounts payable | 47/48 | €43,141 | €46,641 | +€3,500 | +8.1% |
| Accrued charges and deferred income | 492/3 | €13,470 | €6,124 | -€7,347 | -54.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,668 | €8,668 | = | 0.0% |
| Other operating charges | 640/8 | €1,461 | €1,505 | +€44 | +3.0% |
| Gross operating margin | 9900 | €6,999 | €6,390 | -€609 | -8.7% |
| Operating profit (loss) | 9901 | -€3,131 | -€3,783 | -€652 | -20.8% |
| Financial charges | 65/66B | €62 | €57 | -€4 | -7.2% |
| Recurring financial charges | 65 | €62 | €57 | -€4 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | -€3,193 | -€3,840 | -€648 | -20.3% |
| Profit (loss) for the period | 9904 | -€3,193 | -€3,840 | -€648 | -20.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,193 | -€3,840 | -€648 | -20.3% |
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 27 October 2026 via checked.be.