ARDUCON: 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.
ARDUCON
Largest movements
- Cash -€121,983
down €121,983 (-84.0%), from €145,203 to €23,220
mainly Other debts (-€128,188) and Contributions, distributions and other (-€68,153)
- Receivables within one year -€3,353
down €3,353 (-19.5%), from €17,180 to €13,828
of which Other amounts receivable: -€3,296
- Tangible fixed assets -€2,614
down €2,614 (-19.9%), from €13,127 to €10,512
of which Other tangible fixed assets: -€1,797
- Other debts -€128,188
down €128,188 (-82.9%), from €154,692 to €26,504
No income-statement line moved by more than 1% of the activity.
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 | €178,643 | €49,460 | -€129,184 | -72.3% |
| Fixed assets | 21/28 | €13,127 | €10,512 | -€2,614 | -19.9% |
| Tangible fixed assets | 22/27 | €13,127 | €10,512 | -€2,614 | -19.9% |
| Plant, machinery and equipment | 23 | €2,587 | €1,567 | -€1,020 | -39.4% |
| Furniture and vehicles | 24 | €1,437 | €1,639 | +€202 | +14.1% |
| Other tangible fixed assets | 26 | €9,103 | €7,306 | -€1,797 | -19.7% |
| Current assets | 29/58 | €165,517 | €38,948 | -€126,569 | -76.5% |
| Amounts receivable within one year | 40/41 | €17,180 | €13,828 | -€3,353 | -19.5% |
| Trade receivables | 40 | €12,299 | €12,243 | -€56 | -0.5% |
| Other amounts receivable | 41 | €4,881 | €1,585 | -€3,296 | -67.5% |
| Cash at bank and in hand | 54/58 | €145,203 | €23,220 | -€121,983 | -84.0% |
| Deferred charges and accrued income | 490/1 | €3,133 | €1,900 | -€1,233 | -39.4% |
| Total equity and liabilities | 10/49 | €178,643 | €49,460 | -€129,184 | -72.3% |
| Equity | 10/15 | €20,405 | €20,405 | = | 0.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Amounts payable | 17/49 | €158,238 | €29,055 | -€129,184 | -81.6% |
| Amounts payable within one year | 42/48 | €157,658 | €28,959 | -€128,699 | -81.6% |
| Trade debts | 44 | €148 | €15 | -€133 | -89.8% |
| Suppliers | 440/4 | €148 | €15 | -€133 | -89.8% |
| Taxes, remuneration and social security | 45 | €2,818 | €2,440 | -€378 | -13.4% |
| Taxes | 450/3 | €2,818 | €2,440 | -€378 | -13.4% |
| Other amounts payable | 47/48 | €154,692 | €26,504 | -€128,188 | -82.9% |
| Accrued charges and deferred income | 492/3 | €581 | €96 | -€485 | -83.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,578 | €3,966 | +€388 | +10.8% |
| Other operating charges | 640/8 | €1,112 | €1,146 | +€34 | +3.0% |
| Gross operating margin | 9900 | €93,257 | €93,150 | -€106 | -0.1% |
| Operating profit (loss) | 9901 | €88,567 | €88,039 | -€528 | -0.6% |
| Financial income | 75/76B | €37 | - | -€37 | |
| Recurring financial income | 75 | €37 | - | -€37 | |
| Financial charges | 65/66B | €1,775 | €1,470 | -€305 | -17.2% |
| Recurring financial charges | 65 | €1,775 | €1,470 | -€305 | -17.2% |
| Profit (loss) for the period before taxes | 9903 | €86,829 | €86,569 | -€260 | -0.3% |
| Income taxes | 67/77 | €18,119 | €18,415 | +€296 | +1.6% |
| Profit (loss) for the period | 9904 | €68,710 | €68,153 | -€556 | -0.8% |
| Profit (loss) for the period to be appropriated | 9905 | €68,710 | €68,153 | -€556 | -0.8% |
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 11 October 2026 via checked.be.