AREADNE: 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.
AREADNE
Largest movements
- Stocks and contracts -€2,292
down €2,292 (-31.9%), from €7,184 to €4,893
- Tangible fixed assets -€1,246
down €1,246 (-34.1%), from €3,648 to €2,402
of which Land and buildings: -€1,824
- Cash -€226
down €226 (-14.5%), from €1,564 to €1,337
mainly Other debts (-€7,105) and Investment in fixed assets (net) (-€611)
- Other debts -€7,105
down €7,105 (-11.2%), from €63,394 to €56,289
- Profit (loss) carried forward +€3,204
up €3,204 (+3.9%), from -€82,031 to -€78,828
- Trade debts +€744
up €744 (+674.1%), from €110 to €854
- Tax, wage and social debts -€494
down €494 (-69.3%), from €714 to €219
- Gross operating margin -€3,173
down €3,173 (-32.1%), from €9,873 to €6,700
- Depreciation -€1,513
down €1,513 (-44.9%), from €3,369 to €1,856
- Other operating charges +€676
up €676 (+105.2%), from €642 to €1,318
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 | €14,187 | €10,535 | -€3,652 | -25.7% |
| Fixed assets | 21/28 | €3,648 | €2,402 | -€1,246 | -34.1% |
| Tangible fixed assets | 22/27 | €3,648 | €2,402 | -€1,246 | -34.1% |
| Land and buildings | 22 | €3,648 | €1,824 | -€1,824 | -50.0% |
| Plant, machinery and equipment | 23 | €0 | €578 | +€578 | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €10,539 | €8,133 | -€2,406 | -22.8% |
| Stocks and contracts in progress | 3 | €7,184 | €4,893 | -€2,292 | -31.9% |
| Stocks | 30/36 | €7,184 | €4,893 | -€2,292 | -31.9% |
| Amounts receivable within one year | 40/41 | €1,120 | €1,174 | +€54 | +4.8% |
| Trade receivables | 40 | €1,120 | €1,174 | +€54 | +4.8% |
| Cash at bank and in hand | 54/58 | €1,564 | €1,337 | -€226 | -14.5% |
| Deferred charges and accrued income | 490/1 | €671 | €729 | +€57 | +8.6% |
| Total equity and liabilities | 10/49 | €14,187 | €10,535 | -€3,652 | -25.7% |
| Equity | 10/15 | -€63,431 | -€60,228 | +€3,204 | +5.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€82,031 | -€78,828 | +€3,204 | +3.9% |
| Amounts payable | 17/49 | €77,618 | €70,763 | -€6,855 | -8.8% |
| Amounts payable after more than one year | 17 | €13,400 | €13,400 | = | 0.0% |
| Financial debts | 170/4 | €13,400 | €13,400 | = | 0.0% |
| Amounts payable within one year | 42/48 | €64,218 | €57,363 | -€6,855 | -10.7% |
| Trade debts | 44 | €110 | €854 | +€744 | +674.1% |
| Suppliers | 440/4 | €110 | €854 | +€744 | +674.1% |
| Taxes, remuneration and social security | 45 | €714 | €219 | -€494 | -69.3% |
| Taxes | 450/3 | €714 | €219 | -€494 | -69.3% |
| Other amounts payable | 47/48 | €63,394 | €56,289 | -€7,105 | -11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,369 | €1,856 | -€1,513 | -44.9% |
| Other operating charges | 640/8 | €642 | €1,318 | +€676 | +105.2% |
| Gross operating margin | 9900 | €9,873 | €6,700 | -€3,173 | -32.1% |
| Operating profit (loss) | 9901 | €5,863 | €3,526 | -€2,336 | -39.8% |
| Financial income | 75/76B | €11 | €20 | +€9 | +78.9% |
| Recurring financial income | 75 | €11 | €20 | +€9 | +78.9% |
| Financial charges | 65/66B | €180 | €167 | -€14 | -7.6% |
| Recurring financial charges | 65 | €180 | €167 | -€14 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €5,693 | €3,380 | -€2,314 | -40.6% |
| Income taxes | 67/77 | €160 | €176 | +€16 | +10.1% |
| Profit (loss) for the period | 9904 | €5,533 | €3,204 | -€2,330 | -42.1% |
| Profit (loss) for the period to be appropriated | 9905 | €5,533 | €3,204 | -€2,330 | -42.1% |
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 10 October 2026 via checked.be.