ARDOCO: what changed
Two fiscal 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.
ARDOCO
Largest movements
- Tangible fixed assets +€84,007
up €84,007 (+24.5%), from €343,024 to €427,030
of which Furniture and vehicles: +€84,321
- Cash -€44,389
down €44,389 (-76.1%), from €58,356 to €13,967
mainly Other debts (-€97,785) and Investment in fixed assets (net) (-€89,955)
- Receivables within one year +€34,071
up €34,071 (+42.1%), from €80,929 to €115,000
of which Trade receivables: +€35,000
- Short-term financial debts +€150,000
new in 2022: €150,000
- Other debts -€97,785
down €97,785 (-54.3%), from €180,060 to €82,275
- Debts after one year +€20,469
up €20,469 (+10.2%), from €200,750 to €221,219
- Current portion of long-term debt +€9,841
up €9,841 (+51.7%), from €19,043 to €28,884
- Tax, wage and social debts -€9,621
down €9,621 (-20.0%), from €48,137 to €38,516
- Depreciation -€17,283
down €17,283 (-74.4%), from €23,232 to €5,949
- Financial charges +€8,977
up €8,977 (+229.7%), from €3,908 to €12,885
- Gross operating margin -€7,533
down €7,533 (-27.4%), from €27,476 to €19,943
- Other operating charges +€1,027
up €1,027 (+1657.2%), from €62 to €1,089
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €482,308 | €555,997 | +€73,688 | +15.3% |
| Fixed assets | 21/28 | €343,024 | €427,030 | +€84,007 | +24.5% |
| Tangible fixed assets | 22/27 | €343,024 | €427,030 | +€84,007 | +24.5% |
| Land and buildings | 22 | €343,024 | €342,709 | -€315 | -0.1% |
| Furniture and vehicles | 24 | - | €84,321 | +€84,321 | |
| Current assets | 29/58 | €139,285 | €128,967 | -€10,318 | -7.4% |
| Amounts receivable within one year | 40/41 | €80,929 | €115,000 | +€34,071 | +42.1% |
| Trade receivables | 40 | €80,000 | €115,000 | +€35,000 | +43.8% |
| Other amounts receivable | 41 | €929 | - | -€929 | |
| Cash at bank and in hand | 54/58 | €58,356 | €13,967 | -€44,389 | -76.1% |
| Total equity and liabilities | 10/49 | €482,308 | €555,997 | +€73,688 | +15.3% |
| Equity | 10/15 | €30,083 | €30,103 | +€19 | +0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,623 | €9,643 | +€19 | +0.2% |
| Amounts payable | 17/49 | €452,225 | €525,894 | +€73,669 | +16.3% |
| Amounts payable after more than one year | 17 | €200,750 | €221,219 | +€20,469 | +10.2% |
| Financial debts | 170/4 | €200,750 | €221,219 | +€20,469 | +10.2% |
| Amounts payable within one year | 42/48 | €251,475 | €304,675 | +€53,200 | +21.2% |
| Current portion of amounts payable after more than one year | 42 | €19,043 | €28,884 | +€9,841 | +51.7% |
| Financial debts | 43 | - | €150,000 | +€150,000 | |
| Credit institutions | 430/8 | - | €150,000 | +€150,000 | |
| Trade debts | 44 | €4,235 | €5,000 | +€765 | +18.1% |
| Suppliers | 440/4 | €4,235 | €5,000 | +€765 | +18.1% |
| Taxes, remuneration and social security | 45 | €48,137 | €38,516 | -€9,621 | -20.0% |
| Taxes | 450/3 | €48,137 | €38,516 | -€9,621 | -20.0% |
| Other amounts payable | 47/48 | €180,060 | €82,275 | -€97,785 | -54.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,232 | €5,949 | -€17,283 | -74.4% |
| Other operating charges | 640/8 | €62 | €1,089 | +€1,027 | +1657.2% |
| Gross operating margin | 9900 | €27,476 | €19,943 | -€7,533 | -27.4% |
| Operating profit (loss) | 9901 | €4,182 | €12,905 | +€8,722 | +208.5% |
| Financial charges | 65/66B | €3,908 | €12,885 | +€8,977 | +229.7% |
| Recurring financial charges | 65 | €3,908 | €12,885 | +€8,977 | +229.7% |
| Profit (loss) for the period before taxes | 9903 | €274 | €19 | -€255 | -92.9% |
| Profit (loss) for the period | 9904 | €274 | €19 | -€255 | -92.9% |
| Profit (loss) for the period to be appropriated | 9905 | €274 | €19 | -€255 | -92.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.