ARDISM: 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.
ARDISM
Largest movements
- Cash +€170,466
up €170,466 (+250%), from €68,303 to €238,769
mainly Net result for the year (+€132,672) and Other debts (+€132,268)
- Receivables within one year -€9,923
down €9,923 (-45.2%), from €21,942 to €12,019
of which Other amounts receivable: -€19,966
- Tangible fixed assets +€7,818
up €7,818 (+27.2%), from €28,691 to €36,509
of which Other tangible fixed assets: +€7,818
- Other debts +€132,268
up €132,268 (+32,711%), from €404 to €132,672
- Tax, wage and social debts +€42,823
up €42,823 (+3,008%), from €1,424 to €44,247
- Trade debts -€6,621
down €6,621 (-54.2%), from €12,220 to €5,599
- Gross operating margin +€139,454
up €139,454 (+310%), from €44,935 to €184,389
- Taxes +€33,587
up €33,587 (+259%), from €12,977 to €46,564
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 | €118,936 | €287,406 | +€168,470 | +142% |
| Fixed assets | 21/28 | €28,691 | €36,509 | +€7,818 | +27.2% |
| Tangible fixed assets | 22/27 | €28,691 | €36,509 | +€7,818 | +27.2% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €28,691 | €36,509 | +€7,818 | +27.2% |
| Current assets | 29/58 | €90,245 | €250,897 | +€160,652 | +178% |
| Amounts receivable within one year | 40/41 | €21,942 | €12,019 | -€9,923 | -45.2% |
| Trade receivables | 40 | €0 | €10,043 | +€10,043 | |
| Other amounts receivable | 41 | €21,942 | €1,976 | -€19,966 | -91.0% |
| Cash at bank and in hand | 54/58 | €68,303 | €238,769 | +€170,466 | +250% |
| Deferred charges and accrued income | 490/1 | - | €109 | +€109 | |
| Total equity and liabilities | 10/49 | €118,936 | €287,406 | +€168,470 | +142% |
| Equity | 10/15 | €104,888 | €104,888 | = | 0.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €84,888 | €84,888 | = | 0.0% |
| Distributable reserves | 133 | €84,888 | €84,888 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €14,048 | €182,518 | +€168,470 | +1,199% |
| Amounts payable within one year | 42/48 | €14,048 | €182,518 | +€168,470 | +1,199% |
| Trade debts | 44 | €12,220 | €5,599 | -€6,621 | -54.2% |
| Suppliers | 440/4 | €12,220 | €5,599 | -€6,621 | -54.2% |
| Taxes, remuneration and social security | 45 | €1,424 | €44,247 | +€42,823 | +3,008% |
| Taxes | 450/3 | €1,424 | €44,247 | +€42,823 | +3,008% |
| Other amounts payable | 47/48 | €404 | €132,672 | +€132,268 | +32,711% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,046 | €4,182 | -€864 | -17.1% |
| Other operating charges | 640/8 | €793 | €979 | +€185 | +23.4% |
| Gross operating margin | 9900 | €44,935 | €184,389 | +€139,454 | +310% |
| Operating profit (loss) | 9901 | €39,095 | €179,228 | +€140,133 | +358% |
| Financial income | 75/76B | €0 | €120 | +€120 | +399,767% |
| Recurring financial income | 75 | €0 | €120 | +€120 | +399,767% |
| Financial charges | 65/66B | €74 | €112 | +€38 | +51.4% |
| Recurring financial charges | 65 | €74 | €112 | +€38 | +51.4% |
| Profit (loss) for the period before taxes | 9903 | €39,021 | €179,236 | +€140,215 | +359% |
| Income taxes | 67/77 | €12,977 | €46,564 | +€33,587 | +259% |
| Profit (loss) for the period | 9904 | €26,044 | €132,672 | +€106,628 | +409% |
| Profit (loss) for the period to be appropriated | 9905 | €26,044 | €132,672 | +€106,628 | +409% |
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 14 October 2026 via checked.be.