ARDO TP: 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.
ARDO TP
Largest movements
- Tangible fixed assets -€2,849
no longer reported in 2025 (was €2,849)
- Cash -€863
down €863 (-48.4%), from €1,785 to €922
mainly Net result for the year (-€1,654) and Other debts (-€1,124)
- Receivables within one year -€83
down €83 (-53.1%), from €157 to €74
- Profit (loss) carried forward -€1,654
down €1,654 (-25.0%), from -€6,625 to -€8,279
- Other debts -€1,124
down €1,124 (-34.9%), from €3,218 to €2,094
- Tax, wage and social debts -€585
down €585 (-85.2%), from €687 to €102
of which Remuneration and social security: -€687
- Trade debts -€420
down €420 (-22.3%), from €1,887 to €1,467
- Gross operating margin +€3,846
up €3,846, from -€2,341 to €1,505
- Financial charges -€414
down €414 (-53.8%), from €769 to €355
- Financial income +€158
up €158 (+1,877%), from €8 to €166
- Depreciation -€138
down €138 (-4.6%), from €2,987 to €2,849
- Taxes +€29
up €29, from -€29 to €0
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 | €5,467 | €1,684 | -€3,784 | -69.2% |
| Fixed assets | 21/28 | €3,099 | €250 | -€2,849 | -91.9% |
| Tangible fixed assets | 22/27 | €2,849 | - | -€2,849 | |
| Other tangible fixed assets | 26 | €2,849 | - | -€2,849 | |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €2,368 | €1,434 | -€934 | -39.5% |
| Amounts receivable within one year | 40/41 | €157 | €74 | -€83 | -53.1% |
| Other amounts receivable | 41 | €157 | €74 | -€83 | -53.1% |
| Cash at bank and in hand | 54/58 | €1,785 | €922 | -€863 | -48.4% |
| Deferred charges and accrued income | 490/1 | €426 | €438 | +€12 | +2.9% |
| Total equity and liabilities | 10/49 | €5,467 | €1,684 | -€3,784 | -69.2% |
| Equity | 10/15 | -€325 | -€1,979 | -€1,654 | -508% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,625 | -€8,279 | -€1,654 | -25.0% |
| Amounts payable | 17/49 | €5,793 | €3,663 | -€2,130 | -36.8% |
| Amounts payable within one year | 42/48 | €5,793 | €3,663 | -€2,130 | -36.8% |
| Trade debts | 44 | €1,887 | €1,467 | -€420 | -22.3% |
| Suppliers | 440/4 | €1,887 | €1,467 | -€420 | -22.3% |
| Taxes, remuneration and social security | 45 | €687 | €102 | -€585 | -85.2% |
| Taxes | 450/3 | - | €102 | +€102 | |
| Remuneration and social security | 454/9 | €687 | - | -€687 | |
| Other amounts payable | 47/48 | €3,218 | €2,094 | -€1,124 | -34.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,987 | €2,849 | -€138 | -4.6% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | -€2,341 | €1,505 | +€3,846 | |
| Operating profit (loss) | 9901 | -€5,446 | -€1,464 | +€3,981 | +73.1% |
| Financial income | 75/76B | €8 | €166 | +€158 | +1,877% |
| Recurring financial income | 75 | €8 | €166 | +€158 | +1,877% |
| Financial charges | 65/66B | €769 | €355 | -€414 | -53.8% |
| Recurring financial charges | 65 | €769 | €355 | -€414 | -53.8% |
| Profit (loss) for the period before taxes | 9903 | -€6,206 | -€1,654 | +€4,553 | +73.4% |
| Income taxes | 67/77 | -€29 | €0 | +€29 | |
| Profit (loss) for the period | 9904 | -€6,177 | -€1,654 | +€4,523 | +73.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,177 | -€1,654 | +€4,523 | +73.2% |
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.