ARDNA: 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.
ARDNA
Largest movements
- Cash +€125,941
up €125,941 (+541%), from €23,288 to €149,229
mainly Net result for the year (+€51,928) and Investment in fixed assets (net) (+€35,386)
- Tangible fixed assets -€39,284
down €39,284 (-30.3%), from €129,784 to €90,500
of which Furniture and vehicles: -€38,269
- Receivables within one year -€30,132
down €30,132 (-62.2%), from €48,420 to €18,288
of which Trade receivables: -€23,190
- Reserves +€51,928
up €51,928 (+52.0%), from €99,900 to €151,827
- Tax, wage and social debts +€6,373
up €6,373, from €0 to €6,373
- Other debts -€5,699
down €5,699 (-7.1%), from €80,517 to €74,818
- Accrued charges and deferred income +€4,618
up €4,618 (+356%), from €1,297 to €5,915
- Gross operating margin +€58,371
up €58,371 (+128%), from €45,436 to €103,807
- Taxes +€17,374
up €17,374 (+434%), from €3,999 to €21,373
- Financial charges +€4,416
up €4,416 (+284%), from €1,553 to €5,970
- Other operating charges -€4,295
down €4,295 (-76.6%), from €5,609 to €1,314
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 | €204,181 | €259,952 | +€55,771 | +27.3% |
| Fixed assets | 21/28 | €129,784 | €90,500 | -€39,284 | -30.3% |
| Tangible fixed assets | 22/27 | €129,784 | €90,500 | -€39,284 | -30.3% |
| Land and buildings | 22 | €1,513 | €815 | -€699 | -46.2% |
| Plant, machinery and equipment | 23 | €635 | €318 | -€316 | -49.8% |
| Furniture and vehicles | 24 | €127,636 | €89,367 | -€38,269 | -30.0% |
| Current assets | 29/58 | €74,397 | €169,452 | +€95,055 | +128% |
| Amounts receivable within one year | 40/41 | €48,420 | €18,288 | -€30,132 | -62.2% |
| Trade receivables | 40 | €23,190 | €0 | -€23,190 | -100% |
| Other amounts receivable | 41 | €25,230 | €18,288 | -€6,942 | -27.5% |
| Cash at bank and in hand | 54/58 | €23,288 | €149,229 | +€125,941 | +541% |
| Deferred charges and accrued income | 490/1 | €2,689 | €1,935 | -€755 | -28.1% |
| Total equity and liabilities | 10/49 | €204,181 | €259,952 | +€55,771 | +27.3% |
| Equity | 10/15 | €118,500 | €170,427 | +€51,928 | +43.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €99,900 | €151,827 | +€51,928 | +52.0% |
| Distributable reserves | 133 | €99,900 | €151,827 | +€51,928 | +52.0% |
| Amounts payable | 17/49 | €85,681 | €89,524 | +€3,843 | +4.5% |
| Amounts payable within one year | 42/48 | €84,384 | €83,610 | -€775 | -0.9% |
| Current portion of amounts payable after more than one year | 42 | €984 | €0 | -€984 | -100% |
| Trade debts | 44 | €2,884 | €2,418 | -€466 | -16.1% |
| Suppliers | 440/4 | €2,884 | €2,418 | -€466 | -16.1% |
| Taxes, remuneration and social security | 45 | €0 | €6,373 | +€6,373 | |
| Taxes | 450/3 | €0 | €6,373 | +€6,373 | |
| Other amounts payable | 47/48 | €80,517 | €74,818 | -€5,699 | -7.1% |
| Accrued charges and deferred income | 492/3 | €1,297 | €5,915 | +€4,618 | +356% |
| Non-recurring operating income | 76A | €57 | €335 | +€278 | +485% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,107 | €3,897 | -€210 | -5.1% |
| Other operating charges | 640/8 | €5,609 | €1,314 | -€4,295 | -76.6% |
| Non-recurring operating charges | 66A | €22,946 | €19,343 | -€3,602 | -15.7% |
| Gross operating margin | 9900 | €45,436 | €103,807 | +€58,371 | +128% |
| Operating profit (loss) | 9901 | €12,774 | €79,252 | +€66,478 | +520% |
| Financial income | 75/76B | €10 | €19 | +€8 | +78.0% |
| Recurring financial income | 75 | €10 | €19 | +€8 | +78.0% |
| Financial charges | 65/66B | €1,553 | €5,970 | +€4,416 | +284% |
| Recurring financial charges | 65 | €1,553 | €5,970 | +€4,416 | +284% |
| Profit (loss) for the period before taxes | 9903 | €11,231 | €73,301 | +€62,070 | +553% |
| Income taxes | 67/77 | €3,999 | €21,373 | +€17,374 | +434% |
| Profit (loss) for the period | 9904 | €7,232 | €51,928 | +€44,696 | +618% |
| Profit (loss) for the period to be appropriated | 9905 | €7,232 | €51,928 | +€44,696 | +618% |
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 14 October 2026 via checked.be.