ARDIX MC: 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.
ARDIX MC
Largest movements
- Receivables within one year +€89,649
up €89,649 (+12.8%), from €699,643 to €789,293
of which Trade receivables: +€85,018
- Stocks and contracts -€72,621
down €72,621 (-20.9%), from €347,521 to €274,900
of which Contracts in progress: -€63,420
- Cash -€40,063
down €40,063 (-51.4%), from €77,933 to €37,870
mainly Receivables within one year (-€89,649) and Debts after one year (-€53,969)
- Receivables after one year +€23,171
new in 2025: €23,171
- Tangible fixed assets -€13,834
down €13,834 (-34.1%), from €40,579 to €26,745
of which Other tangible fixed assets: -€10,232
- Debts after one year -€53,969
down €53,969 (-28.4%), from €190,233 to €136,264
- Profit (loss) carried forward +€26,317
up €26,317 (+295.5%), from €8,907 to €35,224
- Staff costs -€22,346
down €22,346 (-99.8%), from €22,387 to €42
- Taxes +€8,142
up €8,142 (+378.7%), from €2,150 to €10,293
- Financial charges -€8,016
down €8,016 (-15.8%), from €50,710 to €42,694
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 | €1,172,272 | €1,164,939 | -€7,333 | -0.6% |
| Fixed assets | 21/28 | €40,579 | €26,745 | -€13,834 | -34.1% |
| Tangible fixed assets | 22/27 | €40,579 | €26,745 | -€13,834 | -34.1% |
| Plant, machinery and equipment | 23 | €6,888 | €3,910 | -€2,978 | -43.2% |
| Furniture and vehicles | 24 | €3,192 | €2,569 | -€623 | -19.5% |
| Other tangible fixed assets | 26 | €30,499 | €20,267 | -€10,232 | -33.5% |
| Current assets | 29/58 | €1,131,693 | €1,138,194 | +€6,500 | +0.6% |
| Amounts receivable after more than one year | 29 | - | €23,171 | +€23,171 | |
| Trade receivables | 290 | - | €23,171 | +€23,171 | |
| Stocks and contracts in progress | 3 | €347,521 | €274,900 | -€72,621 | -20.9% |
| Stocks | 30/36 | €284,101 | €274,900 | -€9,201 | -3.2% |
| Contracts in progress | 37 | €63,420 | - | -€63,420 | |
| Amounts receivable within one year | 40/41 | €699,643 | €789,293 | +€89,649 | +12.8% |
| Trade receivables | 40 | €696,011 | €781,029 | +€85,018 | +12.2% |
| Other amounts receivable | 41 | €3,633 | €8,264 | +€4,631 | +127.5% |
| Cash at bank and in hand | 54/58 | €77,933 | €37,870 | -€40,063 | -51.4% |
| Deferred charges and accrued income | 490/1 | €6,596 | €12,960 | +€6,364 | +96.5% |
| Total equity and liabilities | 10/49 | €1,172,272 | €1,164,939 | -€7,333 | -0.6% |
| Equity | 10/15 | €76,557 | €102,874 | +€26,317 | +34.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,907 | €35,224 | +€26,317 | +295.5% |
| Amounts payable | 17/49 | €1,095,715 | €1,062,064 | -€33,650 | -3.1% |
| Amounts payable after more than one year | 17 | €190,233 | €136,264 | -€53,969 | -28.4% |
| Financial debts | 170/4 | €190,233 | €136,264 | -€53,969 | -28.4% |
| Amounts payable within one year | 42/48 | €885,401 | €907,250 | +€21,850 | +2.5% |
| Current portion of amounts payable after more than one year | 42 | €15,680 | €16,594 | +€914 | +5.8% |
| Financial debts | 43 | €575,000 | €575,000 | = | 0.0% |
| Other loans | 439 | €575,000 | €575,000 | = | 0.0% |
| Trade debts | 44 | €253,774 | €265,064 | +€11,290 | +4.4% |
| Suppliers | 440/4 | €253,774 | €265,064 | +€11,290 | +4.4% |
| Taxes, remuneration and social security | 45 | €40,947 | €50,592 | +€9,646 | +23.6% |
| Taxes | 450/3 | €40,947 | €50,592 | +€9,646 | +23.6% |
| Accrued charges and deferred income | 492/3 | €20,081 | €18,550 | -€1,531 | -7.6% |
| Remuneration, social security and pensions | 62 | €22,387 | €42 | -€22,346 | -99.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,641 | €15,279 | -€362 | -2.3% |
| Other operating charges | 640/8 | €1,177 | €1,651 | +€474 | +40.3% |
| Non-recurring operating charges | 66A | €445 | - | -€445 | |
| Gross operating margin | 9900 | €96,114 | €95,855 | -€259 | -0.3% |
| Operating profit (loss) | 9901 | €56,465 | €78,883 | +€22,419 | +39.7% |
| Financial income | 75/76B | €1 | €420 | +€419 | +51112.2% |
| Recurring financial income | 75 | €1 | €420 | +€419 | +51112.2% |
| Financial charges | 65/66B | €50,710 | €42,694 | -€8,016 | -15.8% |
| Recurring financial charges | 65 | €50,710 | €42,694 | -€8,016 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | €5,755 | €36,610 | +€30,854 | +536.1% |
| Income taxes | 67/77 | €2,150 | €10,293 | +€8,142 | +378.7% |
| Profit (loss) for the period | 9904 | €3,605 | €26,317 | +€22,712 | +630.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,605 | €26,317 | +€22,712 | +630.0% |
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 10 October 2026 via checked.be.