ARDUI ASSOCIATES: 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.
ARDUI ASSOCIATES
Largest movements
- Current investments -€70,000
down €70,000 (-100%), from €70,000 to €0
- Receivables within one year +€54,248
up €54,248 (+161%), from €33,729 to €87,976
of which Trade receivables: +€53,673
- Cash -€14,757
down €14,757 (-17.9%), from €82,508 to €67,751
mainly Receivables within one year (-€54,248) and Net result for the year (-€50,313)
- Tangible fixed assets -€7,301
down €7,301 (-8.0%), from €91,073 to €83,772
of which Land and buildings: -€5,316
- Profit (loss) carried forward -€50,313
down €50,313 (-31.7%), from €158,778 to €108,464
- Trade debts +€14,354
up €14,354 (+1,387%), from €1,035 to €15,389
- Advances received -€4,000
down €4,000 (-100%), from €4,000 to €0
- Gross operating margin +€23,129
up €23,129 (+37.3%), from -€61,941 to -€38,812
- Financial income +€2,360
up €2,360 (+2,275%), from €104 to €2,464
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 | €297,698 | €259,561 | -€38,137 | -12.8% |
| Fixed assets | 21/28 | €107,699 | €100,398 | -€7,301 | -6.8% |
| Tangible fixed assets | 22/27 | €91,073 | €83,772 | -€7,301 | -8.0% |
| Land and buildings | 22 | €67,702 | €62,386 | -€5,316 | -7.9% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | 0.0% |
| Furniture and vehicles | 24 | €4,797 | €4,628 | -€169 | -3.5% |
| Other tangible fixed assets | 26 | €18,574 | €16,759 | -€1,815 | -9.8% |
| Financial fixed assets | 28 | €16,626 | €16,626 | = | 0.0% |
| Current assets | 29/58 | €189,999 | €159,163 | -€30,836 | -16.2% |
| Amounts receivable within one year | 40/41 | €33,729 | €87,976 | +€54,248 | +161% |
| Trade receivables | 40 | €19,442 | €73,114 | +€53,673 | +276% |
| Other amounts receivable | 41 | €14,287 | €14,862 | +€575 | +4.0% |
| Current investments | 50/53 | €70,000 | €0 | -€70,000 | -100% |
| Cash at bank and in hand | 54/58 | €82,508 | €67,751 | -€14,757 | -17.9% |
| Deferred charges and accrued income | 490/1 | €3,762 | €3,435 | -€327 | -8.7% |
| Total equity and liabilities | 10/49 | €297,698 | €259,561 | -€38,137 | -12.8% |
| Equity | 10/15 | €290,612 | €240,299 | -€50,313 | -17.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €113,234 | €113,234 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €111,375 | €111,375 | = | 0.0% |
| Profit (loss) carried forward | 14 | €158,778 | €108,464 | -€50,313 | -31.7% |
| Amounts payable | 17/49 | €7,086 | €19,262 | +€12,176 | +172% |
| Amounts payable after more than one year | 17 | €248 | €248 | = | 0.0% |
| Other amounts payable | 178/9 | €248 | €248 | = | 0.0% |
| Amounts payable within one year | 42/48 | €6,838 | €19,015 | +€12,176 | +178% |
| Trade debts | 44 | €1,035 | €15,389 | +€14,354 | +1,387% |
| Suppliers | 440/4 | €1,035 | €15,389 | +€14,354 | +1,387% |
| Advances received on contracts in progress | 46 | €4,000 | €0 | -€4,000 | -100% |
| Taxes, remuneration and social security | 45 | €252 | €257 | +€4 | +1.6% |
| Taxes | 450/3 | €252 | €257 | +€4 | +1.6% |
| Other amounts payable | 47/48 | €1,551 | €3,369 | +€1,818 | +117% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,218 | €10,124 | -€94 | -0.9% |
| Other operating charges | 640/8 | €2,483 | €2,659 | +€176 | +7.1% |
| Non-recurring operating charges | 66A | - | €329 | +€329 | |
| Gross operating margin | 9900 | -€61,941 | -€38,812 | +€23,129 | +37.3% |
| Operating profit (loss) | 9901 | -€74,642 | -€51,925 | +€22,718 | +30.4% |
| Financial income | 75/76B | €104 | €2,464 | +€2,360 | +2,275% |
| Recurring financial income | 75 | €104 | €2,464 | +€2,360 | +2,275% |
| Financial charges | 65/66B | €297 | €63 | -€234 | -78.7% |
| Recurring financial charges | 65 | €297 | €63 | -€234 | -78.7% |
| Profit (loss) for the period before taxes | 9903 | -€74,836 | -€49,524 | +€25,312 | +33.8% |
| Income taxes | 67/77 | €236 | €789 | +€553 | +234% |
| Profit (loss) for the period | 9904 | -€75,072 | -€50,313 | +€24,759 | +33.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€75,072 | -€50,313 | +€24,759 | +33.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.