Ardosolar: 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.
Ardosolar
Largest movements
- Receivables within one year +€213,171
up €213,171 (+278.4%), from €76,562 to €289,732
of which Trade receivables: +€125,849
- Stocks and contracts +€22,822
up €22,822 (+456.5%), from €4,999 to €27,820
- Tangible fixed assets +€6,762
up €6,762 (+96.8%), from €6,983 to €13,746
of which Furniture and vehicles: +€4,916
- Intangible fixed assets +€4,770
up €4,770 (+94.1%), from €5,067 to €9,837
- Trade debts +€162,808
up €162,808 (+225.8%), from €72,089 to €234,896
- Short-term financial debts +€69,930
up €69,930 (+337011.9%), from €21 to €69,951
of which Credit institutions: +€49,930
- Profit (loss) carried forward +€7,158
up €7,158 (+138.7%), from €5,160 to €12,319
- Tax, wage and social debts +€6,440
up €6,440 (+118.8%), from €5,420 to €11,860
of which Remuneration and social security: +€3,239
- Gross operating margin +€25,214
up €25,214 (+64.6%), from €39,025 to €64,238
- Staff costs +€24,014
up €24,014 (+112.2%), from €21,401 to €45,415
- Depreciation +€5,813
up €5,813 (+1339.0%), from €434 to €6,247
- Financial charges +€2,763
up €2,763 (+973.1%), from €284 to €3,047
- Taxes +€1,582
up €1,582 (+133.8%), from €1,183 to €2,765
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €94,515 | €342,451 | +€247,936 | +262.3% |
| Fixed assets | 21/28 | €12,050 | €23,583 | +€11,533 | +95.7% |
| Intangible fixed assets | 21 | €5,067 | €9,837 | +€4,770 | +94.1% |
| Tangible fixed assets | 22/27 | €6,983 | €13,746 | +€6,762 | +96.8% |
| Plant, machinery and equipment | 23 | €6,983 | €8,830 | +€1,846 | +26.4% |
| Furniture and vehicles | 24 | - | €4,916 | +€4,916 | |
| Current assets | 29/58 | €82,464 | €318,868 | +€236,404 | +286.7% |
| Stocks and contracts in progress | 3 | €4,999 | €27,820 | +€22,822 | +456.5% |
| Stocks | 30/36 | €4,999 | €27,820 | +€22,822 | +456.5% |
| Amounts receivable within one year | 40/41 | €76,562 | €289,732 | +€213,171 | +278.4% |
| Trade receivables | 40 | €72,641 | €198,490 | +€125,849 | +173.2% |
| Other amounts receivable | 41 | €3,921 | €91,242 | +€87,321 | +2227.1% |
| Cash at bank and in hand | 54/58 | €0 | €0 | +€0 | |
| Deferred charges and accrued income | 490/1 | €904 | €1,315 | +€411 | +45.5% |
| Total equity and liabilities | 10/49 | €94,515 | €342,451 | +€247,936 | +262.3% |
| Equity | 10/15 | €15,585 | €23,744 | +€8,158 | +52.3% |
| Contributions | 10/11 | €10,425 | €11,425 | +€1,000 | +9.6% |
| Profit (loss) carried forward | 14 | €5,160 | €12,319 | +€7,158 | +138.7% |
| Amounts payable | 17/49 | €78,929 | €318,707 | +€239,778 | +303.8% |
| Amounts payable within one year | 42/48 | €78,929 | €318,707 | +€239,778 | +303.8% |
| Financial debts | 43 | €21 | €69,951 | +€69,930 | +337011.9% |
| Credit institutions | 430/8 | €21 | €49,951 | +€49,930 | +240626.3% |
| Other loans | 439 | - | €20,000 | +€20,000 | |
| Trade debts | 44 | €72,089 | €234,896 | +€162,808 | +225.8% |
| Suppliers | 440/4 | €72,089 | €234,896 | +€162,808 | +225.8% |
| Taxes, remuneration and social security | 45 | €5,420 | €11,860 | +€6,440 | +118.8% |
| Taxes | 450/3 | €1,838 | €5,039 | +€3,201 | +174.2% |
| Remuneration and social security | 454/9 | €3,582 | €6,822 | +€3,239 | +90.4% |
| Other amounts payable | 47/48 | €1,400 | €2,000 | +€600 | +42.9% |
| Remuneration, social security and pensions | 62 | €21,401 | €45,415 | +€24,014 | +112.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €434 | €6,247 | +€5,813 | +1339.0% |
| Other operating charges | 640/8 | €907 | €921 | +€14 | +1.5% |
| Non-recurring operating charges | 66A | €2,830 | €0 | -€2,830 | -100.0% |
| Gross operating margin | 9900 | €39,025 | €64,238 | +€25,214 | +64.6% |
| Operating profit (loss) | 9901 | €13,453 | €11,656 | -€1,797 | -13.4% |
| Financial income | 75/76B | €167 | €1,315 | +€1,147 | +685.4% |
| Recurring financial income | 75 | €167 | €1,315 | +€1,147 | +685.4% |
| Financial charges | 65/66B | €284 | €3,047 | +€2,763 | +973.1% |
| Recurring financial charges | 65 | €284 | €3,047 | +€2,763 | +973.1% |
| Profit (loss) for the period before taxes | 9903 | €13,336 | €9,924 | -€3,413 | -25.6% |
| Income taxes | 67/77 | €1,183 | €2,765 | +€1,582 | +133.8% |
| Profit (loss) for the period | 9904 | €12,153 | €7,158 | -€4,995 | -41.1% |
| Profit (loss) for the period to be appropriated | 9905 | €12,153 | €7,158 | -€4,995 | -41.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.