ARDITO: 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.
ARDITO
Largest movements
- Cash +€21,366
up €21,366 (+6.3%), from €340,567 to €361,933
mainly Net result for the year (+€85,832) and Current investments (+€13,000)
- Current investments -€13,000
down €13,000 (-10.8%), from €120,000 to €107,000
- Receivables within one year +€5,976
up €5,976 (+18.1%), from €33,104 to €39,080
of which Trade receivables: +€5,985
- Reserves +€8,902
up €8,902 (+1.9%), from €466,565 to €475,467
of which Distributable reserves: +€8,902
- Gross operating margin +€23,204
up €23,204 (+25.3%), from €91,854 to €115,058
- Taxes +€9,063
up €9,063 (+34.3%), from €26,416 to €35,479
- Financial income +€3,989
up €3,989 (+51.6%), from €7,730 to €11,719
of which Financial income: +€3,929
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 | €498,361 | €512,237 | +€13,876 | +2.8% |
| Fixed assets | 21/28 | €4,690 | €4,224 | -€466 | -9.9% |
| Tangible fixed assets | 22/27 | €4,690 | €4,224 | -€466 | -9.9% |
| Plant, machinery and equipment | 23 | €4,690 | €4,224 | -€466 | -9.9% |
| Current assets | 29/58 | €493,671 | €508,013 | +€14,342 | +2.9% |
| Amounts receivable within one year | 40/41 | €33,104 | €39,080 | +€5,976 | +18.1% |
| Trade receivables | 40 | €33,077 | €39,061 | +€5,985 | +18.1% |
| Other amounts receivable | 41 | €27 | €18 | -€9 | -33.1% |
| Current investments | 50/53 | €120,000 | €107,000 | -€13,000 | -10.8% |
| Cash at bank and in hand | 54/58 | €340,567 | €361,933 | +€21,366 | +6.3% |
| Total equity and liabilities | 10/49 | €498,361 | €512,237 | +€13,876 | +2.8% |
| Equity | 10/15 | €472,765 | €481,667 | +€8,902 | +1.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €466,565 | €475,467 | +€8,902 | +1.9% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €464,710 | €473,612 | +€8,902 | +1.9% |
| Amounts payable | 17/49 | €25,597 | €30,570 | +€4,974 | +19.4% |
| Amounts payable within one year | 42/48 | €25,597 | €30,570 | +€4,974 | +19.4% |
| Trade debts | 44 | €136 | €1,879 | +€1,743 | +1,283% |
| Suppliers | 440/4 | €136 | €1,879 | +€1,743 | +1,283% |
| Taxes, remuneration and social security | 45 | €22,626 | €26,025 | +€3,398 | +15.0% |
| Taxes | 450/3 | €22,626 | €26,025 | +€3,398 | +15.0% |
| Other amounts payable | 47/48 | €2,834 | €2,667 | -€168 | -5.9% |
| Non-recurring operating income | 76A | - | €15,909 | +€15,909 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,273 | €2,251 | -€22 | -1.0% |
| Other operating charges | 640/8 | €622 | €637 | +€15 | +2.4% |
| Non-recurring operating charges | 66A | €4,769 | €1,933 | -€2,836 | -59.5% |
| Gross operating margin | 9900 | €91,854 | €115,058 | +€23,204 | +25.3% |
| Operating profit (loss) | 9901 | €84,190 | €110,237 | +€26,047 | +30.9% |
| Financial income | 75/76B | €7,730 | €11,719 | +€3,989 | +51.6% |
| Recurring financial income | 75 | €7,730 | €11,659 | +€3,929 | +50.8% |
| Non-recurring financial income | 76B | - | €60 | +€60 | |
| Financial charges | 65/66B | €674 | €645 | -€29 | -4.3% |
| Recurring financial charges | 65 | €674 | €645 | -€29 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €91,246 | €121,311 | +€30,065 | +32.9% |
| Income taxes | 67/77 | €26,416 | €35,479 | +€9,063 | +34.3% |
| Profit (loss) for the period | 9904 | €64,830 | €85,832 | +€21,002 | +32.4% |
| Profit (loss) for the period to be appropriated | 9905 | €64,830 | €85,832 | +€21,002 | +32.4% |
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 20 October 2026 via checked.be.