ARDUINNA & BRIGANTIA: 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.
ARDUINNA & BRIGANTIA
Largest movements
- Tangible fixed assets -€5,573
no longer reported in 2025 (was €5,573)
- Receivables within one year -€359
no longer reported in 2025 (was €359)
- Deferred charges and accrued income -€181
no longer reported in 2025 (was €181)
- Financial fixed assets -€100
no longer reported in 2025 (was €100)
- Other debts -€5,000
down €5,000 (-3.9%), from €128,348 to €123,348
- Profit (loss) carried forward -€2,328
down €2,328 (-1.8%), from -€128,511 to -€130,839
- Trade debts +€1,115
new in 2025: €1,115
- Gross operating margin +€8,511
no longer reported in 2025 (was -€8,511)
- Depreciation -€4,786
no longer reported in 2025 (was €4,786)
- Other operating charges -€173
no longer reported in 2025 (was €173)
From the 2023 result to the 2025 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
Derived cash bridge
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,213 | - | -€6,213 | |
| Fixed assets | 21/28 | €5,673 | - | -€5,673 | |
| Tangible fixed assets | 22/27 | €5,573 | - | -€5,573 | |
| Furniture and vehicles | 24 | €5,573 | - | -€5,573 | |
| Financial fixed assets | 28 | €100 | - | -€100 | |
| Current assets | 29/58 | €540 | - | -€540 | |
| Amounts receivable within one year | 40/41 | €359 | - | -€359 | |
| Other amounts receivable | 41 | €359 | - | -€359 | |
| Deferred charges and accrued income | 490/1 | €181 | - | -€181 | |
| Total equity and liabilities | 10/49 | €6,213 | €0 | -€6,213 | -100% |
| Equity | 10/15 | -€122,135 | -€124,463 | -€2,328 | -1.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €176 | €176 | = | 0.0% |
| Non-distributable reserves | 130/1 | €176 | - | -€176 | |
| Reserves not available under the articles | 1311 | €176 | - | -€176 | |
| Distributable reserves | 133 | - | €176 | +€176 | |
| Profit (loss) carried forward | 14 | -€128,511 | -€130,839 | -€2,328 | -1.8% |
| Amounts payable | 17/49 | €128,348 | €124,463 | -€3,885 | -3.0% |
| Amounts payable within one year | 42/48 | €128,348 | €124,463 | -€3,885 | -3.0% |
| Trade debts | 44 | - | €1,115 | +€1,115 | |
| Suppliers | 440/4 | - | €1,115 | +€1,115 | |
| Other amounts payable | 47/48 | €128,348 | €123,348 | -€5,000 | -3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,786 | - | -€4,786 | |
| Other operating charges | 640/8 | €173 | - | -€173 | |
| Gross operating margin | 9900 | -€8,511 | - | +€8,511 | |
| Operating profit (loss) | 9901 | -€13,470 | - | +€13,470 | |
| Profit (loss) for the period before taxes | 9903 | -€13,470 | - | +€13,470 | |
| Profit (loss) for the period | 9904 | -€13,470 | - | +€13,470 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,470 | - | +€13,470 |
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.