ARDOBEL: 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.
ARDOBEL
Largest movements
- Cash +€10,972
up €10,972 (+63.5%), from €17,267 to €28,239
mainly Net result for the year (+€6,130) and Stocks and contracts (+€1,912)
- Stocks and contracts -€1,912
down €1,912 (-11.1%), from €17,215 to €15,303
- Receivables after one year -€1,777
down €1,777 (-100.0%), from €1,777 to €0
- Receivables within one year +€1,510
up €1,510 (+15.7%), from €9,621 to €11,132
of which Trade receivables: +€2,466
- Reserves +€6,130
up €6,130 (+17.4%), from €35,203 to €41,334
of which Distributable reserves: +€6,130
- Trade debts +€1,676
up €1,676 (+51.0%), from €3,288 to €4,964
- Tax, wage and social debts +€863
up €863 (+20.3%), from €4,244 to €5,106
- Gross operating margin +€689
up €689 (+6.9%), from €9,953 to €10,641
- Taxes -€374
down €374 (-11.5%), from €3,240 to €2,866
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 | €48,935 | €57,604 | +€8,669 | +17.7% |
| Fixed assets | 21/28 | €895 | €667 | -€228 | -25.5% |
| Tangible fixed assets | 22/27 | €895 | €667 | -€228 | -25.5% |
| Furniture and vehicles | 24 | €895 | €667 | -€228 | -25.5% |
| Current assets | 29/58 | €48,040 | €56,937 | +€8,897 | +18.5% |
| Amounts receivable after more than one year | 29 | €1,777 | €0 | -€1,777 | -100.0% |
| Other amounts receivable | 291 | €1,777 | €0 | -€1,777 | -100.0% |
| Stocks and contracts in progress | 3 | €17,215 | €15,303 | -€1,912 | -11.1% |
| Stocks | 30/36 | €17,215 | €15,303 | -€1,912 | -11.1% |
| Amounts receivable within one year | 40/41 | €9,621 | €11,132 | +€1,510 | +15.7% |
| Trade receivables | 40 | €7,866 | €10,332 | +€2,466 | +31.3% |
| Other amounts receivable | 41 | €1,755 | €800 | -€955 | -54.4% |
| Cash at bank and in hand | 54/58 | €17,267 | €28,239 | +€10,972 | +63.5% |
| Deferred charges and accrued income | 490/1 | €2,160 | €2,264 | +€104 | +4.8% |
| Total equity and liabilities | 10/49 | €48,935 | €57,604 | +€8,669 | +17.7% |
| Equity | 10/15 | €41,403 | €47,534 | +€6,130 | +14.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €35,203 | €41,334 | +€6,130 | +17.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €35,203 | €41,334 | +€6,130 | +17.4% |
| Amounts payable | 17/49 | €7,531 | €10,070 | +€2,539 | +33.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €7,531 | €10,070 | +€2,539 | +33.7% |
| Trade debts | 44 | €3,288 | €4,964 | +€1,676 | +51.0% |
| Suppliers | 440/4 | €3,288 | €4,964 | +€1,676 | +51.0% |
| Taxes, remuneration and social security | 45 | €4,244 | €5,106 | +€863 | +20.3% |
| Taxes | 450/3 | €4,244 | €5,106 | +€863 | +20.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €326 | €228 | -€98 | -30.0% |
| Other operating charges | 640/8 | €1,025 | €1,056 | +€32 | +3.1% |
| Gross operating margin | 9900 | €9,953 | €10,641 | +€689 | +6.9% |
| Operating profit (loss) | 9901 | €8,603 | €9,357 | +€755 | +8.8% |
| Financial income | 75/76B | €5 | €0 | -€5 | -100.0% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -100.0% |
| Financial charges | 65/66B | €288 | €361 | +€72 | +25.1% |
| Recurring financial charges | 65 | €288 | €361 | +€72 | +25.1% |
| Profit (loss) for the period before taxes | 9903 | €8,319 | €8,997 | +€678 | +8.1% |
| Income taxes | 67/77 | €3,240 | €2,866 | -€374 | -11.5% |
| Profit (loss) for the period | 9904 | €5,079 | €6,130 | +€1,051 | +20.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,079 | €6,130 | +€1,051 | +20.7% |
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.