Laurence Ardies: what changed
Laurence Ardies
Largest movements
- Cash +€19,481
up €19,481 (+309%), from €6,305 to €25,786
mainly Net result for the year (+€13,014) and Receivables within one year (+€7,576)
- Receivables within one year -€7,576
down €7,576 (-27.4%), from €27,693 to €20,117
of which Trade receivables: -€10,123
- Tangible fixed assets -€2,757
down €2,757 (-41.0%), from €6,727 to €3,970
of which Plant, machinery and equipment: -€1,504
- Profit (loss) carried forward +€13,014
up €13,014 (+30.0%), from -€43,395 to -€30,381
- Other debts -€6,963
down €6,963 (-14.1%), from €49,414 to €42,451
- Trade debts +€5,256
up €5,256 (+18.7%), from €28,132 to €33,388
- Tax, wage and social debts -€2,373
no longer reported in 2025 (was €2,373)
- Gross operating margin +€18,538
up €18,538, from -€428 to €18,110
- Other operating charges -€3,016
down €3,016 (-76.9%), from €3,923 to €907
- Financial charges +€1,100
up €1,100 (+802%), from €137 to €1,237
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 | €41,525 | €50,729 | +€9,204 | +22.2% |
| Fixed assets | 21/28 | €7,527 | €4,570 | -€2,957 | -39.3% |
| Intangible fixed assets | 21 | €800 | €600 | -€200 | -25.0% |
| Tangible fixed assets | 22/27 | €6,727 | €3,970 | -€2,757 | -41.0% |
| Plant, machinery and equipment | 23 | €3,562 | €2,059 | -€1,504 | -42.2% |
| Furniture and vehicles | 24 | €3,165 | €1,911 | -€1,254 | -39.6% |
| Current assets | 29/58 | €33,998 | €46,159 | +€12,161 | +35.8% |
| Amounts receivable within one year | 40/41 | €27,693 | €20,117 | -€7,576 | -27.4% |
| Trade receivables | 40 | €27,286 | €17,164 | -€10,123 | -37.1% |
| Other amounts receivable | 41 | €407 | €2,953 | +€2,547 | +626% |
| Cash at bank and in hand | 54/58 | €6,305 | €25,786 | +€19,481 | +309% |
| Deferred charges and accrued income | 490/1 | - | €256 | +€256 | |
| Total equity and liabilities | 10/49 | €41,525 | €50,729 | +€9,204 | +22.2% |
| Equity | 10/15 | -€38,395 | -€25,381 | +€13,014 | +33.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,395 | -€30,381 | +€13,014 | +30.0% |
| Amounts payable | 17/49 | €79,919 | €76,109 | -€3,810 | -4.8% |
| Amounts payable within one year | 42/48 | €79,919 | €75,839 | -€4,080 | -5.1% |
| Trade debts | 44 | €28,132 | €33,388 | +€5,256 | +18.7% |
| Suppliers | 440/4 | €28,132 | €33,388 | +€5,256 | +18.7% |
| Taxes, remuneration and social security | 45 | €2,373 | - | -€2,373 | |
| Taxes | 450/3 | €2,373 | - | -€2,373 | |
| Other amounts payable | 47/48 | €49,414 | €42,451 | -€6,963 | -14.1% |
| Accrued charges and deferred income | 492/3 | - | €270 | +€270 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,957 | €2,957 | = | 0.0% |
| Other operating charges | 640/8 | €3,923 | €907 | -€3,016 | -76.9% |
| Gross operating margin | 9900 | -€428 | €18,110 | +€18,538 | |
| Operating profit (loss) | 9901 | -€7,308 | €14,246 | +€21,554 | |
| Financial income | 75/76B | €2 | €5 | +€3 | +111% |
| Recurring financial income | 75 | €2 | €5 | +€3 | +111% |
| Financial charges | 65/66B | €137 | €1,237 | +€1,100 | +802% |
| Recurring financial charges | 65 | €137 | €1,237 | +€1,100 | +802% |
| Profit (loss) for the period before taxes | 9903 | -€7,443 | €13,014 | +€20,457 | |
| Profit (loss) for the period | 9904 | -€7,443 | €13,014 | +€20,457 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,443 | €13,014 | +€20,457 |
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.