e-Trott Ardenne: 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.
e-Trott Ardenne
Largest movements
- Tangible fixed assets -€6,698
down €6,698 (-27.9%), from €23,992 to €17,294
of which Plant, machinery and equipment: -€5,478
- Cash -€4,920
down €4,920 (-28.9%), from €17,008 to €12,088
mainly Net result for the year (-€10,211) and Investment in fixed assets (net) (-€4,394)
- Receivables within one year -€737
down €737 (-68.6%), from €1,074 to €337
of which Trade receivables: -€1,000
- Profit (loss) carried forward -€10,211
down €10,211 (-52.6%), from -€19,426 to -€29,637
- Tax, wage and social debts -€1,460
no longer reported in 2025 (was €1,460)
- Trade debts -€834
down €834 (-89.5%), from €932 to €97
- Gross operating margin -€6,512
down €6,512 (-71.6%), from €9,094 to €2,583
- Write-downs +€826
new in 2025: €826
- Other operating charges +€118
up €118 (+30.3%), from €387 to €505
- Financial income +€103
up €103 (+17,218%), from €1 to €104
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 | €43,441 | €30,571 | -€12,870 | -29.6% |
| Fixed assets | 21/28 | €24,604 | €17,581 | -€7,024 | -28.5% |
| Intangible fixed assets | 21 | €613 | €287 | -€326 | -53.2% |
| Tangible fixed assets | 22/27 | €23,992 | €17,294 | -€6,698 | -27.9% |
| Plant, machinery and equipment | 23 | €20,305 | €14,827 | -€5,478 | -27.0% |
| Furniture and vehicles | 24 | €3,687 | €2,467 | -€1,220 | -33.1% |
| Current assets | 29/58 | €18,837 | €12,990 | -€5,847 | -31.0% |
| Amounts receivable within one year | 40/41 | €1,074 | €337 | -€737 | -68.6% |
| Trade receivables | 40 | €1,000 | - | -€1,000 | |
| Other amounts receivable | 41 | €74 | €337 | +€263 | +354% |
| Cash at bank and in hand | 54/58 | €17,008 | €12,088 | -€4,920 | -28.9% |
| Deferred charges and accrued income | 490/1 | €755 | €565 | -€189 | -25.1% |
| Total equity and liabilities | 10/49 | €43,441 | €30,571 | -€12,870 | -29.6% |
| Equity | 10/15 | €40,574 | €30,363 | -€10,211 | -25.2% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,426 | -€29,637 | -€10,211 | -52.6% |
| Amounts payable | 17/49 | €2,867 | €208 | -€2,659 | -92.8% |
| Amounts payable within one year | 42/48 | €2,692 | €208 | -€2,484 | -92.3% |
| Trade debts | 44 | €932 | €97 | -€834 | -89.5% |
| Suppliers | 440/4 | €932 | €97 | -€834 | -89.5% |
| Taxes, remuneration and social security | 45 | €1,460 | - | -€1,460 | |
| Taxes | 450/3 | €1,460 | - | -€1,460 | |
| Other amounts payable | 47/48 | €300 | €110 | -€190 | -63.2% |
| Accrued charges and deferred income | 492/3 | €175 | - | -€175 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,367 | €11,418 | +€51 | +0.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €826 | +€826 | |
| Other operating charges | 640/8 | €387 | €505 | +€118 | +30.3% |
| Gross operating margin | 9900 | €9,094 | €2,583 | -€6,512 | -71.6% |
| Operating profit (loss) | 9901 | -€2,660 | -€10,166 | -€7,506 | -282% |
| Financial income | 75/76B | €1 | €104 | +€103 | +17,218% |
| Recurring financial income | 75 | €1 | €104 | +€103 | +17,218% |
| Financial charges | 65/66B | €166 | €148 | -€18 | -10.7% |
| Recurring financial charges | 65 | €166 | €148 | -€18 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | -€2,826 | -€10,211 | -€7,385 | -261% |
| Profit (loss) for the period | 9904 | -€2,826 | -€10,211 | -€7,385 | -261% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,826 | -€10,211 | -€7,385 | -261% |
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 31 October 2026 via checked.be.