ARDU: 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.
ARDU
Largest movements
- Tangible fixed assets +€31,238
up €31,238 (+243.0%), from €12,857 to €44,095
of which Furniture and vehicles: +€44,095
- Receivables within one year -€23,115
down €23,115 (-89.4%), from €25,867 to €2,752
of which Trade receivables: -€22,849
- Cash +€16,690
up €16,690 (+120.3%), from €13,876 to €30,566
mainly Net result for the year (+€34,560) and Receivables within one year (+€23,115)
- Deferred charges and accrued income +€2,087
up €2,087 (+12096.6%), from €17 to €2,104
- Other debts -€39,411
down €39,411 (-50.6%), from €77,891 to €38,480
- Profit (loss) carried forward +€34,560
up €34,560 (+65.6%), from -€52,650 to -€18,090
- Current portion of long-term debt +€16,000
up €16,000 (+135.8%), from €11,786 to €27,786
- Debts after one year +€14,714
up €14,714 (+158.5%), from €9,286 to €24,000
- Tax, wage and social debts +€1,036
new in 2025: €1,036
- Gross operating margin +€45,980
up €45,980 (+326.7%), from €14,072 to €60,052
- Depreciation +€7,172
up €7,172 (+46.7%), from €15,357 to €22,529
- Other operating charges +€1,074
up €1,074 (+178.6%), from €601 to €1,675
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 | €52,618 | €79,517 | +€26,899 | +51.1% |
| Fixed assets | 21/28 | €12,857 | €44,095 | +€31,238 | +243.0% |
| Tangible fixed assets | 22/27 | €12,857 | €44,095 | +€31,238 | +243.0% |
| Plant, machinery and equipment | 23 | €12,857 | - | -€12,857 | |
| Furniture and vehicles | 24 | - | €44,095 | +€44,095 | |
| Current assets | 29/58 | €39,761 | €35,423 | -€4,338 | -10.9% |
| Amounts receivable within one year | 40/41 | €25,867 | €2,752 | -€23,115 | -89.4% |
| Trade receivables | 40 | €25,602 | €2,752 | -€22,849 | -89.2% |
| Other amounts receivable | 41 | €266 | - | -€266 | |
| Cash at bank and in hand | 54/58 | €13,876 | €30,566 | +€16,690 | +120.3% |
| Deferred charges and accrued income | 490/1 | €17 | €2,104 | +€2,087 | +12096.6% |
| Total equity and liabilities | 10/49 | €52,618 | €79,517 | +€26,899 | +51.1% |
| Equity | 10/15 | -€46,453 | -€11,893 | +€34,560 | +74.4% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€52,650 | -€18,090 | +€34,560 | +65.6% |
| Amounts payable | 17/49 | €99,071 | €91,410 | -€7,661 | -7.7% |
| Amounts payable after more than one year | 17 | €9,286 | €24,000 | +€14,714 | +158.5% |
| Financial debts | 170/4 | €9,286 | €24,000 | +€14,714 | +158.5% |
| Amounts payable within one year | 42/48 | €89,785 | €67,410 | -€22,375 | -24.9% |
| Current portion of amounts payable after more than one year | 42 | €11,786 | €27,786 | +€16,000 | +135.8% |
| Trade debts | 44 | €109 | €109 | = | 0.0% |
| Suppliers | 440/4 | €109 | €109 | = | 0.0% |
| Taxes, remuneration and social security | 45 | - | €1,036 | +€1,036 | |
| Taxes | 450/3 | - | €1,036 | +€1,036 | |
| Other amounts payable | 47/48 | €77,891 | €38,480 | -€39,411 | -50.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,357 | €22,529 | +€7,172 | +46.7% |
| Other operating charges | 640/8 | €601 | €1,675 | +€1,074 | +178.6% |
| Gross operating margin | 9900 | €14,072 | €60,052 | +€45,980 | +326.7% |
| Operating profit (loss) | 9901 | -€1,886 | €35,848 | +€37,734 | |
| Financial charges | 65/66B | €640 | €1,188 | +€548 | +85.6% |
| Recurring financial charges | 65 | €640 | €1,188 | +€548 | +85.6% |
| Profit (loss) for the period before taxes | 9903 | -€2,527 | €34,659 | +€37,186 | |
| Income taxes | 67/77 | - | €99 | +€99 | |
| Profit (loss) for the period | 9904 | -€2,527 | €34,560 | +€37,086 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,527 | €34,560 | +€37,086 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.