Ardotrans: 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.
Ardotrans
Largest movements
- Tangible fixed assets -€28,917
down €28,917 (-4.3%), from €666,014 to €637,097
of which Land and buildings: -€16,400
- Cash -€8,728
down €8,728 (-52.2%), from €16,721 to €7,993
mainly Current portion of long-term debt (-€47,549) and Debts after one year (-€24,165)
- Current portion of long-term debt -€47,549
down €47,549 (-64.8%), from €73,399 to €25,850
- Reserves +€40,382
up €40,382 (+16.9%), from €238,864 to €279,246
of which Distributable reserves: +€40,382
- Debts after one year -€24,165
down €24,165 (-16.1%), from €149,634 to €125,469
- Tax, wage and social debts -€8,364
down €8,364 (-35.5%), from €23,593 to €15,229
- Gross operating margin -€9,085
down €9,085 (-5.2%), from €173,862 to €164,777
- Financial charges +€6,857
up €6,857 (+129.0%), from €5,318 to €12,175
- Depreciation -€4,479
down €4,479 (-13.4%), from €33,397 to €28,917
- Taxes -€4,450
down €4,450 (-18.9%), from €23,598 to €19,149
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 | €683,062 | €646,644 | -€36,419 | -5.3% |
| Fixed assets | 21/28 | €666,014 | €637,097 | -€28,917 | -4.3% |
| Tangible fixed assets | 22/27 | €666,014 | €637,097 | -€28,917 | -4.3% |
| Land and buildings | 22 | €645,400 | €629,000 | -€16,400 | -2.5% |
| Plant, machinery and equipment | 23 | €10,093 | €8,097 | -€1,997 | -19.8% |
| Furniture and vehicles | 24 | €10,521 | - | -€10,521 | |
| Current assets | 29/58 | €17,049 | €9,547 | -€7,502 | -44.0% |
| Amounts receivable within one year | 40/41 | - | €1,226 | +€1,226 | |
| Other amounts receivable | 41 | - | €1,226 | +€1,226 | |
| Cash at bank and in hand | 54/58 | €16,721 | €7,993 | -€8,728 | -52.2% |
| Deferred charges and accrued income | 490/1 | €328 | €329 | +€1 | +0.3% |
| Total equity and liabilities | 10/49 | €683,062 | €646,644 | -€36,419 | -5.3% |
| Equity | 10/15 | €257,414 | €297,796 | +€40,382 | +15.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €238,864 | €279,246 | +€40,382 | +16.9% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,658 | €9,658 | = | 0.0% |
| Distributable reserves | 133 | €227,351 | €267,733 | +€40,382 | +17.8% |
| Amounts payable | 17/49 | €425,648 | €348,848 | -€76,801 | -18.0% |
| Amounts payable after more than one year | 17 | €149,634 | €125,469 | -€24,165 | -16.1% |
| Financial debts | 170/4 | €149,634 | €125,469 | -€24,165 | -16.1% |
| Amounts payable within one year | 42/48 | €276,014 | €223,379 | -€52,635 | -19.1% |
| Current portion of amounts payable after more than one year | 42 | €73,399 | €25,850 | -€47,549 | -64.8% |
| Trade debts | 44 | €2,418 | - | -€2,418 | |
| Suppliers | 440/4 | €2,418 | - | -€2,418 | |
| Taxes, remuneration and social security | 45 | €23,593 | €15,229 | -€8,364 | -35.5% |
| Taxes | 450/3 | €23,593 | €15,229 | -€8,364 | -35.5% |
| Other amounts payable | 47/48 | €176,604 | €182,299 | +€5,695 | +3.2% |
| Remuneration, social security and pensions | 62 | €56,884 | €58,365 | +€1,481 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,397 | €28,917 | -€4,479 | -13.4% |
| Other operating charges | 640/8 | €5,720 | €5,790 | +€70 | +1.2% |
| Gross operating margin | 9900 | €173,862 | €164,777 | -€9,085 | -5.2% |
| Operating profit (loss) | 9901 | €77,862 | €71,705 | -€6,157 | -7.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €5,318 | €12,175 | +€6,857 | +129.0% |
| Recurring financial charges | 65 | €5,318 | €12,175 | +€6,857 | +129.0% |
| Profit (loss) for the period before taxes | 9903 | €72,544 | €59,530 | -€13,014 | -17.9% |
| Income taxes | 67/77 | €23,598 | €19,149 | -€4,450 | -18.9% |
| Profit (loss) for the period | 9904 | €48,946 | €40,382 | -€8,564 | -17.5% |
| Profit (loss) for the period to be appropriated | 9905 | €48,946 | €40,382 | -€8,564 | -17.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.