Ardios: 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.
What changed
Ardios
fiscal year 2025 against 2026filed annual accounts (NBB)
Net result for the year
€29,349
2025 · €30,382-€1,033
Equity
€1.6m
2025 · €1.6m+€19,349
Cash
€89,810
2025 · €85,101+€4,709
Balance sheet total
€2.1m
2025 · €2.1m+€25,195
Largest movements
Assets
- Current investments +€31,052
up €31,052 (+3.6%), from €853,803 to €884,855
Equity and liabilities
- Profit (loss) carried forward +€22,952
up €22,952 (+8.2%), from €279,087 to €302,038
Income statement
- Financial income -€7,579
down €7,579 (-45.6%), from €16,623 to €9,043
- Depreciation -€7,198
down €7,198 (-10.6%), from €68,115 to €60,916
- Financial charges -€1,877
down €1,877 (-6.3%), from €29,808 to €27,931
From the 2025 result to the 2026 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.
Result 2025
€30,382
Gross operating margin
-€1,175
Depreciation
+€7,198
Other operating charges
-€1,652
Financial income
-€7,579
Financial charges
+€1,877
Taxes
+€298
Result 2026
€29,349
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€91,685
Investment
-€75,177
Financing
-€11,799
Cash 2025
€85,101
From operations (derived)
+€91,685
Net result for the year
+€29,349
Depreciation
+€60,916
Receivables within one year
-€6,210
Deferred charges and accrued income
-€16
Provisions
-€1,201
Trade debts
+€3,400
Tax, wage and social debts
+€1,699
Other debts
+€2,695
Accrued charges and deferred income
+€1,052
Investment (derived)
-€75,177
Investment in fixed assets (net)
-€44,125
Current investments
-€31,052
Financing
-€11,799
Debts after one year
-€1,799
Contributions, distributions and other
-€10,000
Cash 2026
€89,810
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,102,365 | €2,127,560 | +€25,195 | +1.2% |
| Fixed assets | 21/28 | €1,027,027 | €1,010,236 | -€16,791 | -1.6% |
| Tangible fixed assets | 22/27 | €1,027,027 | €1,010,236 | -€16,791 | -1.6% |
| Land and buildings | 22 | €1,025,887 | €1,009,641 | -€16,246 | -1.6% |
| Plant, machinery and equipment | 23 | €953 | €521 | -€432 | -45.3% |
| Furniture and vehicles | 24 | €188 | €75 | -€113 | -60.3% |
| Current assets | 29/58 | €1,075,338 | €1,117,324 | +€41,986 | +3.9% |
| Amounts receivable within one year | 40/41 | €134,388 | €140,598 | +€6,210 | +4.6% |
| Trade receivables | 40 | - | €1,916 | +€1,916 | |
| Other amounts receivable | 41 | €134,388 | €138,682 | +€4,294 | +3.2% |
| Current investments | 50/53 | €853,803 | €884,855 | +€31,052 | +3.6% |
| Cash at bank and in hand | 54/58 | €85,101 | €89,810 | +€4,709 | +5.5% |
| Deferred charges and accrued income | 490/1 | €2,046 | €2,062 | +€16 | +0.8% |
| Total equity and liabilities | 10/49 | €2,102,365 | €2,127,560 | +€25,195 | +1.2% |
| Equity | 10/15 | €1,598,015 | €1,617,364 | +€19,349 | +1.2% |
| Contributions | 10/11 | €1,183,690 | €1,183,690 | = | 0.0% |
| Reserves | 13 | €135,239 | €131,636 | -€3,602 | -2.7% |
| Tax-exempt reserves | 132 | €106,371 | €102,769 | -€3,602 | -3.4% |
| Distributable reserves | 133 | €28,868 | €28,868 | = | 0.0% |
| Profit (loss) carried forward | 14 | €279,087 | €302,038 | +€22,952 | +8.2% |
| Provisions and deferred taxes | 16 | €35,457 | €34,256 | -€1,201 | -3.4% |
| Deferred taxes | 168 | €35,457 | €34,256 | -€1,201 | -3.4% |
| Amounts payable | 17/49 | €468,893 | €475,940 | +€7,047 | +1.5% |
| Amounts payable after more than one year | 17 | €40,756 | €38,957 | -€1,799 | -4.4% |
| Other amounts payable | 178/9 | €40,756 | €38,957 | -€1,799 | -4.4% |
| Amounts payable within one year | 42/48 | €424,084 | €431,878 | +€7,794 | +1.8% |
| Trade debts | 44 | - | €3,400 | +€3,400 | |
| Suppliers | 440/4 | - | €3,400 | +€3,400 | |
| Taxes, remuneration and social security | 45 | €5,424 | €7,123 | +€1,699 | +31.3% |
| Taxes | 450/3 | €5,424 | €7,123 | +€1,699 | +31.3% |
| Other amounts payable | 47/48 | €418,660 | €421,355 | +€2,695 | +0.6% |
| Accrued charges and deferred income | 492/3 | €4,053 | €5,105 | +€1,052 | +25.9% |
| Non-recurring operating income | 76A | €2,431 | €0 | -€2,431 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,115 | €60,916 | -€7,198 | -10.6% |
| Other operating charges | 640/8 | €47,074 | €48,726 | +€1,652 | +3.5% |
| Gross operating margin | 9900 | €165,992 | €164,818 | -€1,175 | -0.7% |
| Operating profit (loss) | 9901 | €50,804 | €55,175 | +€4,372 | +8.6% |
| Financial income | 75/76B | €16,623 | €9,043 | -€7,579 | -45.6% |
| Recurring financial income | 75 | €16,623 | €9,043 | -€7,579 | -45.6% |
| Financial charges | 65/66B | €29,808 | €27,931 | -€1,877 | -6.3% |
| Recurring financial charges | 65 | €29,808 | €27,931 | -€1,877 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €37,618 | €36,287 | -€1,331 | -3.5% |
| Transfer from deferred taxes | 780 | €1,201 | €1,201 | = | 0.0% |
| Income taxes | 67/77 | €8,437 | €8,139 | -€298 | -3.5% |
| Profit (loss) for the period | 9904 | €30,382 | €29,349 | -€1,033 | -3.4% |
| Transfer from tax-exempt reserves | 789 | €3,602 | €3,602 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €33,984 | €32,952 | -€1,033 | -3.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.