ARDI MXI: 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 MXI
Largest movements
- Receivables within one year -€29,298
down €29,298 (-88.6%), from €33,066 to €3,768
of which Trade receivables: -€29,922
- Tangible fixed assets -€4,944
down €4,944 (-18.9%), from €26,105 to €21,161
- Cash +€3,010
up €3,010 (+398%), from €757 to €3,766
mainly Other debts (+€43,000) and Receivables within one year (+€29,298)
- Trade debts -€70,607
down €70,607 (-90.5%), from €78,033 to €7,426
- Other debts +€43,000
new in 2024: €43,000
- Profit (loss) carried forward -€4,417
down €4,417 (-16.0%), from -€27,579 to -€31,996
- Tax, wage and social debts +€633
up €633 (+17.5%), from €3,616 to €4,250
of which Taxes: +€913
- Gross operating margin +€36,296
up €36,296 (+312%), from €11,646 to €47,942
- Write-downs +€3,069
new in 2024: €3,069
- Staff costs +€1,645
up €1,645 (+6.8%), from €24,108 to €25,753
- Other operating charges +€723
up €723 (+76.7%), from €942 to €1,665
- Financial charges +€694
up €694 (+1,915%), from €36 to €731
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €60,570 | €29,180 | -€31,390 | -51.8% |
| Fixed assets | 21/28 | €26,455 | €21,161 | -€5,294 | -20.0% |
| Tangible fixed assets | 22/27 | €26,105 | €21,161 | -€4,944 | -18.9% |
| Plant, machinery and equipment | 23 | €2,682 | €894 | -€1,788 | -66.7% |
| Furniture and vehicles | 24 | €18,733 | €16,760 | -€1,974 | -10.5% |
| Other tangible fixed assets | 26 | €4,690 | €3,508 | -€1,182 | -25.2% |
| Financial fixed assets | 28 | €350 | - | -€350 | |
| Current assets | 29/58 | €34,115 | €8,018 | -€26,096 | -76.5% |
| Amounts receivable within one year | 40/41 | €33,066 | €3,768 | -€29,298 | -88.6% |
| Trade receivables | 40 | €29,922 | - | -€29,922 | |
| Other amounts receivable | 41 | €3,144 | €3,768 | +€624 | +19.8% |
| Cash at bank and in hand | 54/58 | €757 | €3,766 | +€3,010 | +398% |
| Deferred charges and accrued income | 490/1 | €292 | €484 | +€192 | +65.7% |
| Total equity and liabilities | 10/49 | €60,570 | €29,180 | -€31,390 | -51.8% |
| Equity | 10/15 | -€21,079 | -€25,496 | -€4,417 | -21.0% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Capital | 10 | €6,500 | €6,500 | = | 0.0% |
| Issued capital | 100 | €6,500 | €6,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,579 | -€31,996 | -€4,417 | -16.0% |
| Amounts payable | 17/49 | €81,649 | €54,676 | -€26,973 | -33.0% |
| Amounts payable within one year | 42/48 | €81,649 | €54,676 | -€26,973 | -33.0% |
| Trade debts | 44 | €78,033 | €7,426 | -€70,607 | -90.5% |
| Suppliers | 440/4 | €78,033 | €7,426 | -€70,607 | -90.5% |
| Taxes, remuneration and social security | 45 | €3,616 | €4,250 | +€633 | +17.5% |
| Taxes | 450/3 | - | €913 | +€913 | |
| Remuneration and social security | 454/9 | €3,616 | €3,337 | -€280 | -7.7% |
| Other amounts payable | 47/48 | - | €43,000 | +€43,000 | |
| Non-recurring operating income | 76A | €175 | €179 | +€4 | +2.4% |
| Remuneration, social security and pensions | 62 | €24,108 | €25,753 | +€1,645 | +6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,138 | €14,405 | +€267 | +1.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,069 | +€3,069 | |
| Other operating charges | 640/8 | €942 | €1,665 | +€723 | +76.7% |
| Non-recurring operating charges | 66A | - | €6,736 | +€6,736 | |
| Gross operating margin | 9900 | €11,646 | €47,942 | +€36,296 | +312% |
| Operating profit (loss) | 9901 | -€27,543 | -€3,686 | +€23,857 | +86.6% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €36 | €731 | +€694 | +1,915% |
| Recurring financial charges | 65 | €36 | €731 | +€694 | +1,915% |
| Profit (loss) for the period before taxes | 9903 | -€27,579 | -€4,417 | +€23,163 | +84.0% |
| Profit (loss) for the period | 9904 | -€27,579 | -€4,417 | +€23,163 | +84.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,579 | -€4,417 | +€23,163 | +84.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.