ARDICODE: 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.
ARDICODE
Largest movements
- Tangible fixed assets -€13,019
down €13,019 (-9.0%), from €144,250 to €131,231
of which Furniture and vehicles: -€7,750
- Receivables within one year +€12,178
up €12,178 (+10971.2%), from €111 to €12,289
of which Other amounts receivable: +€10,178
- Cash +€3,166
up €3,166 (+5.7%), from €55,177 to €58,343
mainly Depreciation (+€29,127) and Net result for the year (+€11,743)
- Reserves +€11,700
up €11,700 (+32.7%), from €35,749 to €47,449
- Trade debts -€4,706
down €4,706 (-88.0%), from €5,348 to €642
- Current portion of long-term debt -€2,276
no longer reported in 2024 (was €2,276)
- Gross operating margin -€7,197
down €7,197 (-12.2%), from €58,831 to €51,634
- Taxes -€2,679
down €2,679 (-23.0%), from €11,655 to €8,976
- Depreciation +€1,742
up €1,742 (+6.4%), from €27,385 to €29,127
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.
Cash bridge derived
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 | €200,373 | €202,737 | +€2,364 | +1.2% |
| Fixed assets | 21/28 | €144,313 | €131,294 | -€13,019 | -9.0% |
| Tangible fixed assets | 22/27 | €144,250 | €131,231 | -€13,019 | -9.0% |
| Land and buildings | 22 | €120,934 | €115,845 | -€5,089 | -4.2% |
| Plant, machinery and equipment | 23 | €218 | €38 | -€180 | -82.6% |
| Furniture and vehicles | 24 | €23,098 | €15,348 | -€7,750 | -33.6% |
| Financial fixed assets | 28 | €63 | €63 | = | 0.0% |
| Current assets | 29/58 | €56,060 | €71,443 | +€15,383 | +27.4% |
| Amounts receivable within one year | 40/41 | €111 | €12,289 | +€12,178 | +10971.2% |
| Trade receivables | 40 | - | €2,000 | +€2,000 | |
| Other amounts receivable | 41 | €111 | €10,289 | +€10,178 | +9169.4% |
| Cash at bank and in hand | 54/58 | €55,177 | €58,343 | +€3,166 | +5.7% |
| Deferred charges and accrued income | 490/1 | €772 | €811 | +€39 | +5.1% |
| Total equity and liabilities | 10/49 | €200,373 | €202,737 | +€2,364 | +1.2% |
| Equity | 10/15 | €148,703 | €160,446 | +€11,743 | +7.9% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €35,749 | €47,449 | +€11,700 | +32.7% |
| Distributable reserves | 133 | €35,749 | €47,449 | +€11,700 | +32.7% |
| Profit (loss) carried forward | 14 | €92,494 | €92,537 | +€43 | 0.0% |
| Amounts payable | 17/49 | €51,670 | €42,291 | -€9,379 | -18.2% |
| Amounts payable within one year | 42/48 | €50,808 | €41,318 | -€9,490 | -18.7% |
| Current portion of amounts payable after more than one year | 42 | €2,276 | - | -€2,276 | |
| Trade debts | 44 | €5,348 | €642 | -€4,706 | -88.0% |
| Suppliers | 440/4 | €5,348 | €642 | -€4,706 | -88.0% |
| Taxes, remuneration and social security | 45 | €1,700 | €1,170 | -€530 | -31.2% |
| Taxes | 450/3 | €1,700 | €1,170 | -€530 | -31.2% |
| Other amounts payable | 47/48 | €41,484 | €39,506 | -€1,978 | -4.8% |
| Accrued charges and deferred income | 492/3 | €862 | €973 | +€111 | +12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,385 | €29,127 | +€1,742 | +6.4% |
| Other operating charges | 640/8 | €1,725 | €1,688 | -€37 | -2.1% |
| Gross operating margin | 9900 | €58,831 | €51,634 | -€7,197 | -12.2% |
| Operating profit (loss) | 9901 | €29,721 | €20,819 | -€8,902 | -30.0% |
| Financial charges | 65/66B | €224 | €100 | -€124 | -55.4% |
| Recurring financial charges | 65 | €224 | €100 | -€124 | -55.4% |
| Profit (loss) for the period before taxes | 9903 | €29,497 | €20,719 | -€8,778 | -29.8% |
| Income taxes | 67/77 | €11,655 | €8,976 | -€2,679 | -23.0% |
| Profit (loss) for the period | 9904 | €17,842 | €11,743 | -€6,099 | -34.2% |
| Profit (loss) for the period to be appropriated | 9905 | €17,842 | €11,743 | -€6,099 | -34.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.