AREDENTAL: what changed
Two fiscal 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.
AREDENTAL
Largest movements
- Tangible fixed assets +€598,367
up €598,367 (+126.4%), from €473,306 to €1.1m
of which Land and buildings: +€394,754
- Debts after one year +€594,158
up €594,158 (+149.2%), from €398,298 to €992,456
- Profit (loss) carried forward -€103,144
down €103,144, from €12,306 to -€90,837
- Tax, wage and social debts +€34,137
up €34,137 (+179.1%), from €19,055 to €53,192
of which Taxes: +€25,052
- Current portion of long-term debt +€29,175
up €29,175 (+138.2%), from €21,111 to €50,286
- Trade debts +€20,633
up €20,633 (+125.7%), from €16,412 to €37,045
- Gross operating margin -€43,652
down €43,652, from €35,924 to -€7,728
- Depreciation +€39,352
up €39,352 (+294.9%), from €13,342 to €52,694
- Financial charges +€24,800
up €24,800 (+517.2%), from €4,795 to €29,595
- Other operating charges +€6,486
up €6,486 (+1687.1%), from €384 to €6,871
- Staff costs +€5,814
new in 2024: €5,814
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €580,760 | €1,168,749 | +€587,990 | +101.2% |
| Fixed assets | 21/28 | €574,676 | €1,163,188 | +€588,512 | +102.4% |
| Intangible fixed assets | 21 | €96,070 | €86,215 | -€9,855 | -10.3% |
| Tangible fixed assets | 22/27 | €473,306 | €1,071,673 | +€598,367 | +126.4% |
| Land and buildings | 22 | €451,188 | €845,941 | +€394,754 | +87.5% |
| Plant, machinery and equipment | 23 | €22,119 | €18,179 | -€3,940 | -17.8% |
| Furniture and vehicles | 24 | - | €6,315 | +€6,315 | |
| Leasing and similar rights | 25 | - | €201,239 | +€201,239 | |
| Financial fixed assets | 28 | €5,300 | €5,300 | = | 0.0% |
| Current assets | 29/58 | €6,083 | €5,561 | -€522 | -8.6% |
| Cash at bank and in hand | 54/58 | €5,439 | €205 | -€5,234 | -96.2% |
| Deferred charges and accrued income | 490/1 | €645 | €5,357 | +€4,712 | +731.0% |
| Total equity and liabilities | 10/49 | €580,760 | €1,168,749 | +€587,990 | +101.2% |
| Equity | 10/15 | €42,306 | -€60,837 | -€103,144 | |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,306 | -€90,837 | -€103,144 | |
| Amounts payable | 17/49 | €538,453 | €1,229,587 | +€691,133 | +128.4% |
| Amounts payable after more than one year | 17 | €398,298 | €992,456 | +€594,158 | +149.2% |
| Financial debts | 170/4 | €398,298 | €992,456 | +€594,158 | +149.2% |
| Amounts payable within one year | 42/48 | €140,155 | €237,131 | +€96,976 | +69.2% |
| Current portion of amounts payable after more than one year | 42 | €21,111 | €50,286 | +€29,175 | +138.2% |
| Financial debts | 43 | - | €705 | +€705 | |
| Credit institutions | 430/8 | - | €705 | +€705 | |
| Trade debts | 44 | €16,412 | €37,045 | +€20,633 | +125.7% |
| Suppliers | 440/4 | €16,412 | €37,045 | +€20,633 | +125.7% |
| Taxes, remuneration and social security | 45 | €19,055 | €53,192 | +€34,137 | +179.1% |
| Taxes | 450/3 | €19,055 | €44,108 | +€25,052 | +131.5% |
| Remuneration and social security | 454/9 | - | €9,085 | +€9,085 | |
| Other amounts payable | 47/48 | €83,577 | €95,903 | +€12,326 | +14.7% |
| Remuneration, social security and pensions | 62 | - | €5,814 | +€5,814 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,342 | €52,694 | +€39,352 | +294.9% |
| Other operating charges | 640/8 | €384 | €6,871 | +€6,486 | +1687.1% |
| Gross operating margin | 9900 | €35,924 | -€7,728 | -€43,652 | |
| Operating profit (loss) | 9901 | €22,198 | -€73,107 | -€95,305 | |
| Financial income | 75/76B | €23 | - | -€23 | |
| Recurring financial income | 75 | €23 | - | -€23 | |
| Financial charges | 65/66B | €4,795 | €29,595 | +€24,800 | +517.2% |
| Recurring financial charges | 65 | €4,795 | €29,595 | +€24,800 | +517.2% |
| Profit (loss) for the period before taxes | 9903 | €17,425 | -€102,702 | -€120,128 | |
| Income taxes | 67/77 | €5,119 | €441 | -€4,678 | -91.4% |
| Profit (loss) for the period | 9904 | €12,306 | -€103,144 | -€115,450 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,306 | -€103,144 | -€115,450 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.