Ardimmo: 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.
Ardimmo
Largest movements
- Tangible fixed assets +€257,606
up €257,606 (+188.7%), from €136,546 to €394,152
of which Assets under construction and advance payments: +€257,606
- Cash +€10,171
up €10,171 (+986.0%), from €1,032 to €11,202
mainly Other debts (+€195,000) and Debts after one year (+€138,571)
- Other debts +€195,000
up €195,000 (+3262.3%), from €5,977 to €200,977
- Debts after one year +€138,571
up €138,571 (+164.9%), from €84,012 to €222,583
- Profit (loss) carried forward -€62,976
down €62,976 (-96.6%), from -€65,164 to -€128,140
- Gross operating margin +€31,912
up €31,912 (+90.0%), from -€35,440 to -€3,528
- Other operating charges +€27,213
up €27,213 (+108.0%), from €25,188 to €52,401
- Financial charges +€6,212
up €6,212 (+743.3%), from €836 to €7,048
- Depreciation -€3,700
down €3,700 (-100.0%), from €3,700 to €0
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 | €137,578 | €409,371 | +€271,794 | +197.6% |
| Fixed assets | 21/28 | €136,546 | €394,152 | +€257,606 | +188.7% |
| Tangible fixed assets | 22/27 | €136,546 | €394,152 | +€257,606 | +188.7% |
| Land and buildings | 22 | €42,500 | €42,500 | = | 0.0% |
| Assets under construction and advance payments | 27 | €94,046 | €351,652 | +€257,606 | +273.9% |
| Current assets | 29/58 | €1,032 | €15,219 | +€14,188 | +1375.4% |
| Amounts receivable within one year | 40/41 | - | €3,854 | +€3,854 | |
| Trade receivables | 40 | - | €3,854 | +€3,854 | |
| Cash at bank and in hand | 54/58 | €1,032 | €11,202 | +€10,171 | +986.0% |
| Deferred charges and accrued income | 490/1 | - | €163 | +€163 | |
| Total equity and liabilities | 10/49 | €137,578 | €409,371 | +€271,794 | +197.6% |
| Equity | 10/15 | -€3,164 | -€66,140 | -€62,976 | -1990.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€65,164 | -€128,140 | -€62,976 | -96.6% |
| Amounts payable | 17/49 | €140,742 | €475,512 | +€334,770 | +237.9% |
| Amounts payable after more than one year | 17 | €84,012 | €222,583 | +€138,571 | +164.9% |
| Financial debts | 170/4 | €84,012 | €222,583 | +€138,571 | +164.9% |
| Amounts payable within one year | 42/48 | €56,730 | €252,929 | +€196,199 | +345.8% |
| Current portion of amounts payable after more than one year | 42 | €12,944 | €13,404 | +€460 | +3.6% |
| Trade debts | 44 | €37,808 | €38,547 | +€739 | +2.0% |
| Suppliers | 440/4 | €37,808 | €38,547 | +€739 | +2.0% |
| Other amounts payable | 47/48 | €5,977 | €200,977 | +€195,000 | +3262.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,700 | €0 | -€3,700 | -100.0% |
| Other operating charges | 640/8 | €25,188 | €52,401 | +€27,213 | +108.0% |
| Gross operating margin | 9900 | -€35,440 | -€3,528 | +€31,912 | +90.0% |
| Operating profit (loss) | 9901 | -€64,329 | -€55,928 | +€8,400 | +13.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €836 | €7,048 | +€6,212 | +743.3% |
| Recurring financial charges | 65 | €836 | €7,048 | +€6,212 | +743.3% |
| Profit (loss) for the period before taxes | 9903 | -€65,164 | -€62,976 | +€2,188 | +3.4% |
| Profit (loss) for the period | 9904 | -€65,164 | -€62,976 | +€2,188 | +3.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€65,164 | -€62,976 | +€2,188 | +3.4% |
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.