ARDUENNA HOLDING: 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.
ARDUENNA HOLDING
Largest movements
- Deferred charges and accrued income -€243
no longer reported in 2025 (was €243)
- Formation expenses -€238
down €238 (-29.0%), from €821 to €583
- Profit (loss) carried forward -€977
down €977 (-38.9%), from -€2,511 to -€3,488
- Accrued charges and deferred income +€554
new in 2025: €554
- Trade debts -€58
down €58 (-2.7%), from €2,092 to €2,034
- Gross operating margin +€1,310
up €1,310 (+63.9%), from -€2,049 to -€739
- Depreciation -€130
down €130 (-35.4%), from €368 to €238
- Financial charges -€94
no longer reported in 2025 (was €94)
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.
Derived cash bridge
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 | €2,580 | €2,100 | -€480 | -18.6% |
| Formation expenses | 20 | €821 | €583 | -€238 | -29.0% |
| Current assets | 29/58 | €1,760 | €1,517 | -€243 | -13.8% |
| Amounts receivable within one year | 40/41 | €239 | €239 | = | 0.0% |
| Other amounts receivable | 41 | €239 | €239 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,278 | €1,278 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €243 | - | -€243 | |
| Total equity and liabilities | 10/49 | €2,580 | €2,100 | -€480 | -18.6% |
| Equity | 10/15 | €489 | -€488 | -€977 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,511 | -€3,488 | -€977 | -38.9% |
| Amounts payable | 17/49 | €2,092 | €2,588 | +€497 | +23.7% |
| Amounts payable within one year | 42/48 | €2,092 | €2,034 | -€58 | -2.7% |
| Trade debts | 44 | €2,092 | €2,034 | -€58 | -2.7% |
| Suppliers | 440/4 | €2,092 | €2,034 | -€58 | -2.7% |
| Accrued charges and deferred income | 492/3 | - | €554 | +€554 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €368 | €238 | -€130 | -35.4% |
| Gross operating margin | 9900 | -€2,049 | -€739 | +€1,310 | +63.9% |
| Operating profit (loss) | 9901 | -€2,417 | -€977 | +€1,441 | +59.6% |
| Financial charges | 65/66B | €94 | - | -€94 | |
| Recurring financial charges | 65 | €94 | - | -€94 | |
| Profit (loss) for the period before taxes | 9903 | -€2,511 | -€977 | +€1,534 | +61.1% |
| Profit (loss) for the period | 9904 | -€2,511 | -€977 | +€1,534 | +61.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,511 | -€977 | +€1,534 | +61.1% |
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 31 October 2026 via checked.be.