ARIADNE: 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.
ARIADNE
Largest movements
- Tangible fixed assets -€11,870
down €11,870 (-33.3%), from €35,610 to €23,740
- Cash -€1,898
down €1,898 (-19.4%), from €9,776 to €7,878
mainly Net result for the year (-€13,068) and Other debts (-€334)
- Reserves -€12,320
down €12,320 (-79.1%), from €15,579 to €3,259
of which Distributable reserves: -€12,320
- Profit (loss) carried forward -€747
new in 2025: -€747
- Gross operating margin -€13,513
down €13,513 (-99.8%), from €13,544 to €31
- Taxes -€285
down €285 (-35.8%), from €796 to €511
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 | €56,170 | €42,609 | -€13,561 | -24.1% |
| Fixed assets | 21/28 | €35,610 | €23,740 | -€11,870 | -33.3% |
| Tangible fixed assets | 22/27 | €35,610 | €23,740 | -€11,870 | -33.3% |
| Furniture and vehicles | 24 | €35,610 | €23,740 | -€11,870 | -33.3% |
| Current assets | 29/58 | €20,560 | €18,869 | -€1,691 | -8.2% |
| Amounts receivable within one year | 40/41 | - | €58 | +€58 | |
| Other amounts receivable | 41 | - | €58 | +€58 | |
| Current investments | 50/53 | €10,049 | €10,092 | +€43 | +0.4% |
| Cash at bank and in hand | 54/58 | €9,776 | €7,878 | -€1,898 | -19.4% |
| Deferred charges and accrued income | 490/1 | €735 | €841 | +€106 | +14.4% |
| Total equity and liabilities | 10/49 | €56,170 | €42,609 | -€13,561 | -24.1% |
| Equity | 10/15 | €21,779 | €8,712 | -€13,067 | -60.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €15,579 | €3,259 | -€12,320 | -79.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €13,719 | €1,399 | -€12,320 | -89.8% |
| Profit (loss) carried forward | 14 | - | -€747 | -€747 | |
| Amounts payable | 17/49 | €34,391 | €33,897 | -€494 | -1.4% |
| Amounts payable within one year | 42/48 | €34,391 | €33,897 | -€494 | -1.4% |
| Trade debts | 44 | €121 | - | -€121 | |
| Suppliers | 440/4 | €121 | - | -€121 | |
| Taxes, remuneration and social security | 45 | €38 | - | -€38 | |
| Taxes | 450/3 | €38 | - | -€38 | |
| Other amounts payable | 47/48 | €34,231 | €33,897 | -€334 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,870 | €11,870 | -€0 | 0.0% |
| Other operating charges | 640/8 | €707 | €730 | +€23 | +3.3% |
| Gross operating margin | 9900 | €13,544 | €31 | -€13,513 | -99.8% |
| Operating profit (loss) | 9901 | €967 | -€12,569 | -€13,536 | |
| Financial income | 75/76B | €37 | €54 | +€17 | +47.4% |
| Recurring financial income | 75 | €37 | €54 | +€17 | +47.4% |
| Financial charges | 65/66B | €40 | €42 | +€2 | +5.8% |
| Recurring financial charges | 65 | €40 | €42 | +€2 | +5.8% |
| Profit (loss) for the period before taxes | 9903 | €964 | -€12,557 | -€13,521 | |
| Income taxes | 67/77 | €796 | €511 | -€285 | -35.8% |
| Profit (loss) for the period | 9904 | €168 | -€13,068 | -€13,236 | |
| Profit (loss) for the period to be appropriated | 9905 | €168 | -€13,068 | -€13,236 |
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 23 October 2026 via checked.be.