DE KLEINE ARDENNEN: what changed
DE KLEINE ARDENNEN
Largest movements
- Cash +€39,552
up €39,552 (+1,253%), from €3,157 to €42,709
mainly Contributions, distributions and other (+€40,000) and Receivables within one year (+€13,680)
- Receivables within one year -€13,680
down €13,680 (-23.8%), from €57,390 to €43,710
of which Other amounts receivable: -€19,517
- Stocks and contracts +€11,824
up €11,824 (+176%), from €6,709 to €18,533
- Tangible fixed assets -€2,797
down €2,797 (-24.6%), from €11,346 to €8,550
- Contributions +€40,000
up €40,000 (+50.0%), from €80,000 to €120,000
- Profit (loss) carried forward -€5,811
down €5,811 (-82.0%), from -€7,089 to -€12,899
- Depreciation -€831
down €831 (-22.9%), from €3,628 to €2,797
- Other operating charges -€641
down €641 (-34.5%), from €1,859 to €1,217
- Financial charges +€270
up €270 (+320%), from €84 to €354
- Gross operating margin +€75
up €75 (+4.9%), from -€1,518 to -€1,443
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €78,603 | €113,502 | +€34,899 | +44.4% |
| Fixed assets | 21/28 | €11,346 | €8,550 | -€2,797 | -24.6% |
| Tangible fixed assets | 22/27 | €11,346 | €8,550 | -€2,797 | -24.6% |
| Plant, machinery and equipment | 23 | €11,346 | €8,550 | -€2,797 | -24.6% |
| Current assets | 29/58 | €67,257 | €104,952 | +€37,695 | +56.0% |
| Stocks and contracts in progress | 3 | €6,709 | €18,533 | +€11,824 | +176% |
| Stocks | 30/36 | €6,709 | €18,533 | +€11,824 | +176% |
| Amounts receivable within one year | 40/41 | €57,390 | €43,710 | -€13,680 | -23.8% |
| Trade receivables | 40 | €897 | €6,734 | +€5,837 | +651% |
| Other amounts receivable | 41 | €56,493 | €36,976 | -€19,517 | -34.5% |
| Cash at bank and in hand | 54/58 | €3,157 | €42,709 | +€39,552 | +1,253% |
| Total equity and liabilities | 10/49 | €78,603 | €113,502 | +€34,899 | +44.4% |
| Equity | 10/15 | €72,911 | €107,101 | +€34,189 | +46.9% |
| Contributions | 10/11 | €80,000 | €120,000 | +€40,000 | +50.0% |
| Profit (loss) carried forward | 14 | -€7,089 | -€12,899 | -€5,811 | -82.0% |
| Amounts payable | 17/49 | €5,691 | €6,401 | +€710 | +12.5% |
| Amounts payable within one year | 42/48 | €5,691 | €6,401 | +€710 | +12.5% |
| Trade debts | 44 | €179 | €867 | +€687 | +384% |
| Suppliers | 440/4 | €179 | €867 | +€687 | +384% |
| Taxes, remuneration and social security | 45 | €521 | €521 | = | 0.0% |
| Taxes | 450/3 | €521 | €521 | = | 0.0% |
| Other amounts payable | 47/48 | €4,991 | €5,014 | +€23 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,628 | €2,797 | -€831 | -22.9% |
| Other operating charges | 640/8 | €1,859 | €1,217 | -€641 | -34.5% |
| Gross operating margin | 9900 | -€1,518 | -€1,443 | +€75 | +4.9% |
| Operating profit (loss) | 9901 | -€7,004 | -€5,457 | +€1,547 | +22.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €84 | €354 | +€270 | +320% |
| Recurring financial charges | 65 | €84 | €354 | +€270 | +320% |
| Profit (loss) for the period before taxes | 9903 | -€7,089 | -€5,811 | +€1,278 | +18.0% |
| Profit (loss) for the period | 9904 | -€7,089 | -€5,811 | +€1,278 | +18.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,089 | -€5,811 | +€1,278 | +18.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.