Ardino: 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.
Ardino
Largest movements
- Tangible fixed assets -€6,059
down €6,059 (-23.1%), from €26,279 to €20,220
of which Leasing and similar rights: -€12,154
- Stocks and contracts +€3,706
up €3,706 (+11.5%), from €32,097 to €35,803
- Cash +€2,207
up €2,207 (+145%), from €1,523 to €3,730
mainly Trade debts (+€12,965) and Depreciation (+€11,191)
- Deferred charges and accrued income +€1,322
up €1,322 (+1,835%), from €72 to €1,394
- Trade debts +€12,965
up €12,965 (+53.6%), from €24,168 to €37,132
- Other debts -€6,776
down €6,776 (-32.4%), from €20,937 to €14,161
- Current portion of long-term debt -€3,210
down €3,210 (-54.4%), from €5,905 to €2,695
- Short-term financial debts -€829
down €829 (-10.3%), from €8,028 to €7,199
- Debts after one year -€773
down €773 (-83.6%), from €924 to €151
- Gross operating margin +€2,903
up €2,903 (+22.9%), from €12,693 to €15,596
- Depreciation +€856
up €856 (+8.3%), from €10,335 to €11,191
- Taxes +€738
up €738 (+145%), from €509 to €1,247
- Financial charges -€474
down €474 (-15.2%), from €3,118 to €2,644
- Financial income +€328
up €328 (+5,824%), from €6 to €334
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.
Derived cash bridge
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 | €62,158 | €63,563 | +€1,404 | +2.3% |
| Fixed assets | 21/28 | €27,599 | €21,360 | -€6,239 | -22.6% |
| Intangible fixed assets | 21 | €1,320 | €1,140 | -€180 | -13.6% |
| Tangible fixed assets | 22/27 | €26,279 | €20,220 | -€6,059 | -23.1% |
| Plant, machinery and equipment | 23 | €10,942 | €12,598 | +€1,657 | +15.1% |
| Furniture and vehicles | 24 | €3,183 | €7,622 | +€4,439 | +139% |
| Leasing and similar rights | 25 | €12,154 | - | -€12,154 | |
| Current assets | 29/58 | €34,560 | €42,202 | +€7,643 | +22.1% |
| Stocks and contracts in progress | 3 | €32,097 | €35,803 | +€3,706 | +11.5% |
| Stocks | 30/36 | €32,097 | €35,803 | +€3,706 | +11.5% |
| Amounts receivable within one year | 40/41 | €867 | €1,275 | +€408 | +47.1% |
| Trade receivables | 40 | €63 | €125 | +€62 | +98.5% |
| Other amounts receivable | 41 | €804 | €1,150 | +€346 | +43.0% |
| Cash at bank and in hand | 54/58 | €1,523 | €3,730 | +€2,207 | +145% |
| Deferred charges and accrued income | 490/1 | €72 | €1,394 | +€1,322 | +1,835% |
| Total equity and liabilities | 10/49 | €62,158 | €63,563 | +€1,404 | +2.3% |
| Equity | 10/15 | €138 | €229 | +€91 | +65.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €90 | €90 | = | 0.0% |
| Distributable reserves | 133 | €90 | €90 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,952 | -€1,861 | +€91 | +4.6% |
| Amounts payable | 17/49 | €62,020 | €63,334 | +€1,313 | +2.1% |
| Amounts payable after more than one year | 17 | €924 | €151 | -€773 | -83.6% |
| Financial debts | 170/4 | €924 | €151 | -€773 | -83.6% |
| Amounts payable within one year | 42/48 | €61,096 | €63,183 | +€2,086 | +3.4% |
| Current portion of amounts payable after more than one year | 42 | €5,905 | €2,695 | -€3,210 | -54.4% |
| Financial debts | 43 | €8,028 | €7,199 | -€829 | -10.3% |
| Credit institutions | 430/8 | €8,028 | €7,199 | -€829 | -10.3% |
| Trade debts | 44 | €24,168 | €37,132 | +€12,965 | +53.6% |
| Suppliers | 440/4 | €24,168 | €37,132 | +€12,965 | +53.6% |
| Taxes, remuneration and social security | 45 | €2,060 | €1,996 | -€63 | -3.1% |
| Taxes | 450/3 | €2,060 | €1,996 | -€63 | -3.1% |
| Other amounts payable | 47/48 | €20,937 | €14,161 | -€6,776 | -32.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,335 | €11,191 | +€856 | +8.3% |
| Other operating charges | 640/8 | €689 | €757 | +€68 | +9.9% |
| Gross operating margin | 9900 | €12,693 | €15,596 | +€2,903 | +22.9% |
| Operating profit (loss) | 9901 | €1,669 | €3,648 | +€1,979 | +119% |
| Financial income | 75/76B | €6 | €334 | +€328 | +5,824% |
| Recurring financial income | 75 | €6 | €334 | +€328 | +5,824% |
| Financial charges | 65/66B | €3,118 | €2,644 | -€474 | -15.2% |
| Recurring financial charges | 65 | €3,118 | €2,644 | -€474 | -15.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,443 | €1,337 | +€2,780 | |
| Income taxes | 67/77 | €509 | €1,247 | +€738 | +145% |
| Profit (loss) for the period | 9904 | -€1,952 | €91 | +€2,042 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,952 | €91 | +€2,042 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.