LES ARDENTES: 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.
What changed
LES ARDENTES
NACE 90.391, Promotion and organisation of arts and performing arts events
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€606,054
2024 · -€3.8m+€4.4m
Equity
-€1.2m
2024 · -€1.8m+€606,054
Cash
€1.3m
2024 · €2.6m-€1.3m
Balance sheet total
€4.9m
2024 · €6.5m-€1.6m
Largest movements
Assets
- Cash -€1.3m
down €1.3m (-49.3%), from €2.6m to €1.3m
mainly Trade debts (-€3.1m) and Investment in fixed assets (net) (-€704,779)
- Receivables within one year -€446,543
down €446,543 (-25.7%), from €1.7m to €1.3m
of which Other amounts receivable: -€543,865
- Tangible fixed assets +€292,710
up €292,710 (+18.4%), from €1.6m to €1.9m
of which Other tangible fixed assets: +€489,604
- Stocks and contracts -€140,168
down €140,168 (-86.0%), from €163,034 to €22,865
- Intangible fixed assets -€105,457
down €105,457 (-26.0%), from €405,457 to €300,000
Equity and liabilities
- Trade debts -€3.1m
down €3.1m (-65.9%), from €4.7m to €1.6m
of which Suppliers: -€3.2m
- Accrued charges and deferred income +€1.5m
up €1.5m (+98.5%), from €1.5m to €3.1m
- Profit (loss) carried forward +€1.5m
up €1.5m (+53.1%), from -€2.8m to -€1.3m
- Reserves -€871,341
down €871,341 (-98.5%), from €884,741 to €13,400
of which Distributable reserves: -€871,341
- Tax, wage and social debts -€441,377
down €441,377 (-47.4%), from €930,490 to €489,113
of which Taxes: -€527,591
Income statement
- Services and other goods -€4.8m
down €4.8m (-23.2%), from €20.7m to €15.9m
- Staff costs +€680,088
up €680,088 (+110,738%), from €614 to €680,702
- Turnover -€655,120
down €655,120 (-3.0%), from €21.9m to €21.3m
- Financial charges -€284,814
down €284,814 (-64.4%), from €441,952 to €157,138
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.
Result 2024
-€3.8m
Turnover
-€655,120
Other operating income
+€9,812
Goods and materials
+€26,363
Services and other goods
+€4.8m
Staff costs
-€680,088
Depreciation
+€124,612
Write-downs
+€35,978
Other operating charges
+€59,669
Other operating items
+€394,441
Financial income
-€50,518
Financial charges
+€284,814
Taxes
+€289
Result 2025
€606,054
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€305,350
Investment
-€704,779
Financing
-€254,040
Cash 2024
€2.6m
From operations (derived)
-€305,350
Net result for the year
+€606,054
Depreciation
+€496,829
Stocks and contracts
+€140,168
Receivables within one year
+€446,543
Deferred charges and accrued income
-€26,256
Trade debts
-€3.1m
Tax, wage and social debts
-€441,377
Other debts
+€83,337
Accrued charges and deferred income
+€1.5m
Investment (derived)
-€704,779
Investment in fixed assets (net)
-€704,779
Financing
-€254,040
Debts after one year
-€216,528
Current portion of long-term debt
-€37,511
Cash 2025
€1.3m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,502,858 | €4,886,183 | -€1.6m | -24.9% |
| Fixed assets | 21/28 | €1,996,754 | €2,204,705 | +€207,951 | +10.4% |
| Intangible fixed assets | 21 | €405,457 | €300,000 | -€105,457 | -26.0% |
| Tangible fixed assets | 22/27 | €1,591,297 | €1,884,008 | +€292,710 | +18.4% |
| Plant, machinery and equipment | 23 | €355,050 | €176,376 | -€178,674 | -50.3% |
| Furniture and vehicles | 24 | €61,839 | €43,619 | -€18,220 | -29.5% |
| Other tangible fixed assets | 26 | €1,174,409 | €1,664,013 | +€489,604 | +41.7% |
| Financial fixed assets | 28 | - | €20,697 | +€20,697 | |
| Other financial fixed assets | 284/8 | - | €20,697 | +€20,697 | |
| Amounts receivable and cash guarantees | 285/8 | - | €20,697 | +€20,697 | |
| Current assets | 29/58 | €4,506,104 | €2,681,478 | -€1.8m | -40.5% |
| Stocks and contracts in progress | 3 | €163,034 | €22,865 | -€140,168 | -86.0% |
| Stocks | 30/36 | €163,034 | €22,865 | -€140,168 | -86.0% |
| Goods purchased for resale | 34 | €163,034 | €22,865 | -€140,168 | -86.0% |
| Amounts receivable within one year | 40/41 | €1,734,228 | €1,287,685 | -€446,543 | -25.7% |
| Trade receivables | 40 | €898,315 | €995,637 | +€97,322 | +10.8% |
| Other amounts receivable | 41 | €835,913 | €292,048 | -€543,865 | -65.1% |
| Cash at bank and in hand | 54/58 | €2,564,773 | €1,300,604 | -€1.3m | -49.3% |
| Deferred charges and accrued income | 490/1 | €44,069 | €70,324 | +€26,256 | +59.6% |
| Total equity and liabilities | 10/49 | €6,502,858 | €4,886,183 | -€1.6m | -24.9% |
| Equity | 10/15 | -€1,761,781 | -€1,155,726 | +€606,054 | +34.4% |
| Contributions | 10/11 | €134,000 | €134,000 | = | 0.0% |
| Capital | 10 | €134,000 | €134,000 | = | 0.0% |
| Issued capital | 100 | €134,000 | €134,000 | = | 0.0% |
| Reserves | 13 | €884,741 | €13,400 | -€871,341 | -98.5% |
| Non-distributable reserves | 130/1 | €13,400 | €13,400 | = | 0.0% |
| Legal reserve | 130 | €13,400 | €13,400 | = | 0.0% |
| Distributable reserves | 133 | €871,341 | - | -€871,341 | |
| Profit (loss) carried forward | 14 | -€2,780,521 | -€1,303,126 | +€1.5m | +53.1% |
| Amounts payable | 17/49 | €8,264,639 | €6,041,909 | -€2.2m | -26.9% |
| Amounts payable after more than one year | 17 | €716,528 | €500,000 | -€216,528 | -30.2% |
| Financial debts | 170/4 | €216,528 | - | -€216,528 | |
| Credit institutions | 173 | €216,528 | - | -€216,528 | |
| Other amounts payable | 178/9 | €500,000 | €500,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €6,010,720 | €2,490,568 | -€3.5m | -58.6% |
| Current portion of amounts payable after more than one year | 42 | €254,040 | €216,528 | -€37,511 | -14.8% |
| Trade debts | 44 | €4,743,625 | €1,619,025 | -€3.1m | -65.9% |
| Suppliers | 440/4 | €4,740,359 | €1,555,808 | -€3.2m | -67.2% |
| Bills of exchange payable | 441 | €3,266 | €63,217 | +€59,951 | +1,836% |
| Taxes, remuneration and social security | 45 | €930,490 | €489,113 | -€441,377 | -47.4% |
| Taxes | 450/3 | €930,490 | €402,899 | -€527,591 | -56.7% |
| Remuneration and social security | 454/9 | - | €86,214 | +€86,214 | |
| Other amounts payable | 47/48 | €82,565 | €165,902 | +€83,337 | +101% |
| Accrued charges and deferred income | 492/3 | €1,537,391 | €3,051,342 | +€1.5m | +98.5% |
| Operating income | 70/76A | €22,335,103 | €22,084,235 | -€250,868 | -1.1% |
| Turnover | 70 | €21,935,547 | €21,280,426 | -€655,120 | -3.0% |
| Other operating income | 74 | €399,556 | €409,368 | +€9,812 | +2.5% |
| Non-recurring operating income | 76A | - | €394,441 | +€394,441 | |
| Operating charges | 60/66A | €25,721,788 | €21,345,996 | -€4.4m | -17.0% |
| Goods for resale, raw materials and consumables | 60 | €3,945,924 | €3,919,561 | -€26,363 | -0.7% |
| Purchases | 600/8 | €4,000,248 | €3,824,712 | -€175,535 | -4.4% |
| Change in stocks: decrease (increase) | 609 | -€54,323 | €94,849 | +€149,172 | |
| Services and other goods | 61 | €20,708,360 | €15,899,101 | -€4.8m | -23.2% |
| Remuneration, social security and pensions | 62 | €614 | €680,702 | +€680,088 | +110,738% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €621,441 | €496,829 | -€124,612 | -20.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €25,856 | -€10,122 | -€35,978 | |
| Other operating charges | 640/8 | €419,593 | €359,924 | -€59,669 | -14.2% |
| Operating profit (loss) | 9901 | -€3,386,686 | €738,239 | +€4.1m | |
| Financial income | 75/76B | €76,795 | €26,277 | -€50,518 | -65.8% |
| Recurring financial income | 75 | €76,795 | €26,277 | -€50,518 | -65.8% |
| Other financial income | 752/9 | €76,795 | €26,277 | -€50,518 | -65.8% |
| Financial charges | 65/66B | €441,952 | €157,138 | -€284,814 | -64.4% |
| Recurring financial charges | 65 | €441,952 | €157,138 | -€284,814 | -64.4% |
| Debt charges | 650 | €14,914 | €13,928 | -€986 | -6.6% |
| Other financial charges | 652/9 | €427,038 | €143,210 | -€283,828 | -66.5% |
| Profit (loss) for the period before taxes | 9903 | -€3,751,842 | €607,378 | +€4.4m | |
| Income taxes | 67/77 | €1,613 | €1,324 | -€289 | -17.9% |
| Taxes | 670/3 | €1,613 | €1,324 | -€289 | -17.9% |
| Profit (loss) for the period | 9904 | -€3,753,455 | €606,054 | +€4.4m | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,753,455 | €606,054 | +€4.4m |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.