AREDCO: 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.
AREDCO
Largest movements
- Tangible fixed assets -€62,275
down €62,275 (-7.9%), from €785,195 to €722,920
of which Land and buildings: -€61,767
- Receivables within one year +€10,383
up €10,383 (+18.4%), from €56,476 to €66,858
of which Other amounts receivable: +€7,233
- Profit (loss) carried forward -€54,005
down €54,005 (-5.0%), from -€1.1m to -€1.1m
- Depreciation +€595
up €595 (+0.8%), from €72,348 to €72,942
- Gross operating margin +€490
up €490 (+2.6%), from €19,049 to €19,539
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 | €877,972 | €826,138 | -€51,834 | -5.9% |
| Fixed assets | 21/28 | €790,195 | €727,920 | -€62,275 | -7.9% |
| Tangible fixed assets | 22/27 | €785,195 | €722,920 | -€62,275 | -7.9% |
| Land and buildings | 22 | €783,310 | €721,543 | -€61,767 | -7.9% |
| Furniture and vehicles | 24 | €1,885 | €1,377 | -€508 | -26.9% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €87,777 | €98,217 | +€10,440 | +11.9% |
| Amounts receivable within one year | 40/41 | €56,476 | €66,858 | +€10,383 | +18.4% |
| Trade receivables | 40 | €2,968 | €6,118 | +€3,150 | +106% |
| Other amounts receivable | 41 | €53,508 | €60,741 | +€7,233 | +13.5% |
| Cash at bank and in hand | 54/58 | €31,301 | €31,359 | +€58 | +0.2% |
| Total equity and liabilities | 10/49 | €877,972 | €826,138 | -€51,834 | -5.9% |
| Equity | 10/15 | -€1,070,708 | -€1,124,714 | -€54,005 | -5.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,090,708 | -€1,144,714 | -€54,005 | -5.0% |
| Amounts payable | 17/49 | €1,948,681 | €1,950,851 | +€2,171 | +0.1% |
| Amounts payable within one year | 42/48 | €1,945,402 | €1,947,244 | +€1,842 | +0.1% |
| Trade debts | 44 | €622 | €2,464 | +€1,842 | +296% |
| Suppliers | 440/4 | €622 | €2,464 | +€1,842 | +296% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,944,780 | €1,944,780 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,279 | €3,608 | +€329 | +10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,348 | €72,942 | +€595 | +0.8% |
| Other operating charges | 640/8 | €3,720 | €3,836 | +€116 | +3.1% |
| Gross operating margin | 9900 | €19,049 | €19,539 | +€490 | +2.6% |
| Operating profit (loss) | 9901 | -€57,019 | -€57,239 | -€220 | -0.4% |
| Financial income | 75/76B | €3,150 | €3,339 | +€189 | +6.0% |
| Recurring financial income | 75 | €3,150 | €3,339 | +€189 | +6.0% |
| Financial charges | 65/66B | €104 | €105 | +€2 | +1.4% |
| Recurring financial charges | 65 | €104 | €105 | +€2 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | -€53,973 | -€54,005 | -€33 | -0.1% |
| Profit (loss) for the period | 9904 | -€53,973 | -€54,005 | -€33 | -0.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€53,973 | -€54,005 | -€33 | -0.1% |
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 19 October 2026 via checked.be.