ARDINNA: 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.
ARDINNA
Largest movements
- Cash +€95,835
up €95,835 (+96.4%), from €99,389 to €195,225
mainly Trade debts (+€61,582) and Depreciation (+€37,828)
- Tangible fixed assets -€37,519
down €37,519 (-34.3%), from €109,274 to €71,756
of which Leasing and similar rights: -€28,144
- Receivables within one year -€33,473
down €33,473 (-15.9%), from €210,925 to €177,452
of which Trade receivables: -€33,581
- Trade debts +€61,582
up €61,582 (+85.1%), from €72,346 to €133,928
- Debts after one year -€24,311
down €24,311 (-38.1%), from €63,795 to €39,484
- Tax, wage and social debts -€18,653
down €18,653 (-30.4%), from €61,291 to €42,638
of which Remuneration and social security: -€18,588
- Profit (loss) carried forward +€9,337
up €9,337 (+4.7%), from €197,683 to €207,021
- Gross operating margin +€36,227
up €36,227 (+10.3%), from €353,233 to €389,461
- Staff costs +€22,220
up €22,220 (+7.4%), from €301,868 to €324,088
- Depreciation +€8,416
up €8,416 (+28.6%), from €29,411 to €37,828
- Taxes +€6,945
up €6,945 (+895.6%), from €776 to €7,721
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 | €426,748 | €452,381 | +€25,634 | +6.0% |
| Fixed assets | 21/28 | €110,725 | €73,057 | -€37,668 | -34.0% |
| Intangible fixed assets | 21 | €550 | €241 | -€309 | -56.1% |
| Tangible fixed assets | 22/27 | €109,274 | €71,756 | -€37,519 | -34.3% |
| Plant, machinery and equipment | 23 | €2,198 | €1,352 | -€846 | -38.5% |
| Furniture and vehicles | 24 | €19,743 | €11,215 | -€8,528 | -43.2% |
| Leasing and similar rights | 25 | €87,333 | €59,189 | -€28,144 | -32.2% |
| Financial fixed assets | 28 | €900 | €1,060 | +€160 | +17.8% |
| Current assets | 29/58 | €316,023 | €379,324 | +€63,301 | +20.0% |
| Amounts receivable within one year | 40/41 | €210,925 | €177,452 | -€33,473 | -15.9% |
| Trade receivables | 40 | €206,606 | €173,025 | -€33,581 | -16.3% |
| Other amounts receivable | 41 | €4,319 | €4,427 | +€108 | +2.5% |
| Cash at bank and in hand | 54/58 | €99,389 | €195,225 | +€95,835 | +96.4% |
| Deferred charges and accrued income | 490/1 | €5,708 | €6,647 | +€939 | +16.5% |
| Total equity and liabilities | 10/49 | €426,748 | €452,381 | +€25,634 | +6.0% |
| Equity | 10/15 | €202,683 | €212,021 | +€9,337 | +4.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €197,683 | €207,021 | +€9,337 | +4.7% |
| Amounts payable | 17/49 | €224,064 | €240,361 | +€16,296 | +7.3% |
| Amounts payable after more than one year | 17 | €63,795 | €39,484 | -€24,311 | -38.1% |
| Financial debts | 170/4 | €63,795 | €39,484 | -€24,311 | -38.1% |
| Amounts payable within one year | 42/48 | €160,270 | €200,877 | +€40,607 | +25.3% |
| Current portion of amounts payable after more than one year | 42 | €26,633 | €24,311 | -€2,322 | -8.7% |
| Trade debts | 44 | €72,346 | €133,928 | +€61,582 | +85.1% |
| Suppliers | 440/4 | €72,346 | €133,928 | +€61,582 | +85.1% |
| Taxes, remuneration and social security | 45 | €61,291 | €42,638 | -€18,653 | -30.4% |
| Taxes | 450/3 | €22,383 | €22,318 | -€65 | -0.3% |
| Remuneration and social security | 454/9 | €38,908 | €20,320 | -€18,588 | -47.8% |
| Remuneration, social security and pensions | 62 | €301,868 | €324,088 | +€22,220 | +7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,411 | €37,828 | +€8,416 | +28.6% |
| Other operating charges | 640/8 | €3,298 | €6,968 | +€3,671 | +111.3% |
| Gross operating margin | 9900 | €353,233 | €389,461 | +€36,227 | +10.3% |
| Operating profit (loss) | 9901 | €18,656 | €20,577 | +€1,921 | +10.3% |
| Financial income | 75/76B | €466 | - | -€466 | |
| Recurring financial income | 75 | €466 | - | -€466 | |
| Financial charges | 65/66B | €4,048 | €3,519 | -€529 | -13.1% |
| Recurring financial charges | 65 | €2,450 | €3,519 | +€1,069 | +43.6% |
| Non-recurring financial charges | 66B | €1,598 | - | -€1,598 | |
| Profit (loss) for the period before taxes | 9903 | €15,073 | €17,058 | +€1,985 | +13.2% |
| Income taxes | 67/77 | €776 | €7,721 | +€6,945 | +895.6% |
| Profit (loss) for the period | 9904 | €14,298 | €9,337 | -€4,961 | -34.7% |
| Profit (loss) for the period to be appropriated | 9905 | €14,298 | €9,337 | -€4,961 | -34.7% |
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 11 October 2026 via checked.be.