DE ARDOOIENAAR: 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.
DE ARDOOIENAAR
Largest movements
- Receivables within one year -€20,165
down €20,165 (-21.6%), from €93,355 to €73,189
of which Trade receivables: -€41,528
- Cash -€15,274
down €15,274 (-17.6%), from €87,008 to €71,734
mainly Contributions, distributions and other (-€43,275) and Current investments (-€10,714)
- Current investments +€10,714
up €10,714 (+12.0%), from €89,239 to €99,952
- Deferred charges and accrued income +€5,079
up €5,079 (+1,007%), from €504 to €5,583
- Reserves -€12,181
down €12,181 (-4.5%), from €271,198 to €259,017
of which Distributable reserves: -€12,181
- Other debts -€9,293
down €9,293 (-17.0%), from €54,692 to €45,399
- Tax, wage and social debts +€9,276
up €9,276 (+57.6%), from €16,103 to €25,379
of which Taxes: +€8,422
- Trade debts -€5,077
down €5,077 (-31.6%), from €16,045 to €10,968
- Financial income -€18,238
down €18,238 (-87.7%), from €20,788 to €2,550
of which Non-recurring financial income: -€18,000
- Staff costs +€14,752
up €14,752 (+36.6%), from €40,319 to €55,071
- Taxes -€13,824
down €13,824 (-48.2%), from €28,684 to €14,860
- Gross operating margin -€12,331
down €12,331 (-10.2%), from €121,375 to €109,044
- Other operating charges -€3,015
down €3,015 (-43.5%), from €6,923 to €3,908
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 | €370,439 | €353,164 | -€17,275 | -4.7% |
| Fixed assets | 21/28 | €11,333 | €13,705 | +€2,372 | +20.9% |
| Tangible fixed assets | 22/27 | €11,333 | €13,705 | +€2,372 | +20.9% |
| Land and buildings | 22 | €9,670 | €6,787 | -€2,884 | -29.8% |
| Plant, machinery and equipment | 23 | €1,663 | €1,247 | -€415 | -25.0% |
| Furniture and vehicles | 24 | - | €5,671 | +€5,671 | |
| Current assets | 29/58 | €359,106 | €339,459 | -€19,647 | -5.5% |
| Amounts receivable after more than one year | 29 | €89,000 | €89,000 | = | 0.0% |
| Other amounts receivable | 291 | €89,000 | €89,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €93,355 | €73,189 | -€20,165 | -21.6% |
| Trade receivables | 40 | €88,168 | €46,640 | -€41,528 | -47.1% |
| Other amounts receivable | 41 | €5,187 | €26,549 | +€21,362 | +412% |
| Current investments | 50/53 | €89,239 | €99,952 | +€10,714 | +12.0% |
| Cash at bank and in hand | 54/58 | €87,008 | €71,734 | -€15,274 | -17.6% |
| Deferred charges and accrued income | 490/1 | €504 | €5,583 | +€5,079 | +1,007% |
| Total equity and liabilities | 10/49 | €370,439 | €353,164 | -€17,275 | -4.7% |
| Equity | 10/15 | €283,598 | €271,417 | -€12,181 | -4.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €271,198 | €259,017 | -€12,181 | -4.5% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €269,343 | €257,162 | -€12,181 | -4.5% |
| Amounts payable | 17/49 | €86,841 | €81,746 | -€5,094 | -5.9% |
| Amounts payable within one year | 42/48 | €86,841 | €81,746 | -€5,094 | -5.9% |
| Trade debts | 44 | €16,045 | €10,968 | -€5,077 | -31.6% |
| Suppliers | 440/4 | €16,045 | €10,968 | -€5,077 | -31.6% |
| Taxes, remuneration and social security | 45 | €16,103 | €25,379 | +€9,276 | +57.6% |
| Taxes | 450/3 | €11,090 | €19,512 | +€8,422 | +75.9% |
| Remuneration and social security | 454/9 | €5,014 | €5,868 | +€854 | +17.0% |
| Other amounts payable | 47/48 | €54,692 | €45,399 | -€9,293 | -17.0% |
| Remuneration, social security and pensions | 62 | €40,319 | €55,071 | +€14,752 | +36.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,361 | €3,802 | +€441 | +13.1% |
| Other operating charges | 640/8 | €6,923 | €3,908 | -€3,015 | -43.5% |
| Gross operating margin | 9900 | €121,375 | €109,044 | -€12,331 | -10.2% |
| Operating profit (loss) | 9901 | €70,771 | €46,263 | -€24,508 | -34.6% |
| Financial income | 75/76B | €20,788 | €2,550 | -€18,238 | -87.7% |
| Recurring financial income | 75 | €2,788 | €2,550 | -€238 | -8.5% |
| Non-recurring financial income | 76B | €18,000 | - | -€18,000 | |
| Financial charges | 65/66B | €4,346 | €2,858 | -€1,488 | -34.2% |
| Recurring financial charges | 65 | €4,346 | €2,858 | -€1,488 | -34.2% |
| Profit (loss) for the period before taxes | 9903 | €87,213 | €45,955 | -€41,259 | -47.3% |
| Income taxes | 67/77 | €28,684 | €14,860 | -€13,824 | -48.2% |
| Profit (loss) for the period | 9904 | €58,529 | €31,095 | -€27,435 | -46.9% |
| Profit (loss) for the period to be appropriated | 9905 | €58,529 | €31,095 | -€27,435 | -46.9% |
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 20 October 2026 via checked.be.