ARDIM: 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.
ARDIM
Largest movements
- Tangible fixed assets -€18,653
down €18,653 (-4.9%), from €380,807 to €362,154
- Other debts -€17,090
down €17,090 (-3.7%), from €462,767 to €445,677
- Profit (loss) carried forward -€6,411
down €6,411 (-1.4%), from -€451,974 to -€458,386
- Gross operating margin +€9,053
up €9,053 (+28.2%), from €32,070 to €41,124
- Depreciation +€541
up €541 (+3.0%), from €18,112 to €18,653
- Other operating charges +€458
up €458 (+4.6%), from €10,000 to €10,459
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.
Cash bridge derived
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 | €514,563 | €495,550 | -€19,013 | -3.7% |
| Fixed assets | 21/28 | €380,807 | €362,154 | -€18,653 | -4.9% |
| Tangible fixed assets | 22/27 | €380,807 | €362,154 | -€18,653 | -4.9% |
| Land and buildings | 22 | €380,807 | €362,154 | -€18,653 | -4.9% |
| Current assets | 29/58 | €133,757 | €133,396 | -€360 | -0.3% |
| Amounts receivable within one year | 40/41 | €762 | €69 | -€693 | -90.9% |
| Other amounts receivable | 41 | €762 | €69 | -€693 | -90.9% |
| Cash at bank and in hand | 54/58 | €132,994 | €132,037 | -€957 | -0.7% |
| Deferred charges and accrued income | 490/1 | - | €1,290 | +€1,290 | |
| Total equity and liabilities | 10/49 | €514,563 | €495,550 | -€19,013 | -3.7% |
| Equity | 10/15 | €29,083 | €22,672 | -€6,411 | -22.0% |
| Contributions | 10/11 | €478,000 | €478,000 | = | 0.0% |
| Capital | 10 | €478,000 | €478,000 | = | 0.0% |
| Issued capital | 100 | €478,000 | €478,000 | = | 0.0% |
| Reserves | 13 | €3,058 | €3,058 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,058 | €3,058 | = | 0.0% |
| Legal reserve | 130 | €3,058 | €3,058 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€451,974 | -€458,386 | -€6,411 | -1.4% |
| Amounts payable | 17/49 | €485,480 | €472,878 | -€12,602 | -2.6% |
| Amounts payable within one year | 42/48 | €471,450 | €456,884 | -€14,566 | -3.1% |
| Trade debts | 44 | €3,227 | €5,624 | +€2,398 | +74.3% |
| Suppliers | 440/4 | €3,227 | €5,624 | +€2,398 | +74.3% |
| Taxes, remuneration and social security | 45 | €5,456 | €5,583 | +€126 | +2.3% |
| Taxes | 450/3 | €5,456 | €5,583 | +€126 | +2.3% |
| Other amounts payable | 47/48 | €462,767 | €445,677 | -€17,090 | -3.7% |
| Accrued charges and deferred income | 492/3 | €14,030 | €15,994 | +€1,964 | +14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,112 | €18,653 | +€541 | +3.0% |
| Other operating charges | 640/8 | €10,000 | €10,459 | +€458 | +4.6% |
| Gross operating margin | 9900 | €32,070 | €41,124 | +€9,053 | +28.2% |
| Operating profit (loss) | 9901 | €3,958 | €12,012 | +€8,054 | +203.5% |
| Financial income | 75/76B | €227 | €231 | +€4 | +1.8% |
| Recurring financial income | 75 | €227 | €231 | +€4 | +1.8% |
| Financial charges | 65/66B | €18,351 | €18,654 | +€303 | +1.7% |
| Recurring financial charges | 65 | €18,351 | €18,654 | +€303 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | -€14,167 | -€6,411 | +€7,755 | +54.7% |
| Profit (loss) for the period | 9904 | -€14,167 | -€6,411 | +€7,755 | +54.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,167 | -€6,411 | +€7,755 | +54.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.