TOTUS ARDEO: 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.
TOTUS ARDEO
Largest movements
- Tangible fixed assets +€189,911
up €189,911 (+3,861%), from €4,919 to €194,830
of which Land and buildings: +€191,381
- Cash -€46,187
down €46,187 (-35.3%), from €130,736 to €84,548
mainly Investment in fixed assets (net) (-€222,304) and Contributions, distributions and other (-€54,000)
- Current investments +€6,250
up €6,250 (+11.4%), from €54,873 to €61,123
- Receivables within one year +€3,609
up €3,609, from €0 to €3,609
of which Other amounts receivable: +€3,609
- Debts after one year +€143,074
new in 2025: €143,074
- Other debts +€34,271
up €34,271 (+170%), from €20,136 to €54,406
- Profit (loss) carried forward -€25,584
down €25,584 (-17.1%), from €149,233 to €123,650
- Current portion of long-term debt +€8,246
new in 2025: €8,246
- Tax, wage and social debts -€5,742
down €5,742 (-30.2%), from €18,998 to €13,256
- Depreciation +€30,891
up €30,891 (+2,055%), from €1,503 to €32,394
- Taxes -€8,401
down €8,401 (-46.3%), from €18,152 to €9,751
- Gross operating margin -€6,797
down €6,797 (-8.5%), from €80,084 to €73,287
- Financial charges +€3,614
up €3,614 (+1,068%), from €338 to €3,953
- Financial income +€1,613
up €1,613 (+129%), from €1,254 to €2,868
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 | €192,512 | €346,708 | +€154,196 | +80.1% |
| Fixed assets | 21/28 | €4,919 | €194,830 | +€189,911 | +3,861% |
| Tangible fixed assets | 22/27 | €4,919 | €194,830 | +€189,911 | +3,861% |
| Land and buildings | 22 | - | €191,381 | +€191,381 | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €1,843 | €1,323 | -€520 | -28.2% |
| Other tangible fixed assets | 26 | €3,076 | €2,125 | -€950 | -30.9% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €187,593 | €151,878 | -€35,715 | -19.0% |
| Amounts receivable within one year | 40/41 | €0 | €3,609 | +€3,609 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | - | €3,609 | +€3,609 | |
| Current investments | 50/53 | €54,873 | €61,123 | +€6,250 | +11.4% |
| Cash at bank and in hand | 54/58 | €130,736 | €84,548 | -€46,187 | -35.3% |
| Deferred charges and accrued income | 490/1 | €1,984 | €2,597 | +€613 | +30.9% |
| Total equity and liabilities | 10/49 | €192,512 | €346,708 | +€154,196 | +80.1% |
| Equity | 10/15 | €150,233 | €124,650 | -€25,584 | -17.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €149,233 | €123,650 | -€25,584 | -17.1% |
| Amounts payable | 17/49 | €42,279 | €222,058 | +€179,779 | +425% |
| Amounts payable after more than one year | 17 | - | €143,074 | +€143,074 | |
| Financial debts | 170/4 | - | €143,074 | +€143,074 | |
| Amounts payable within one year | 42/48 | €42,279 | €78,245 | +€35,967 | +85.1% |
| Current portion of amounts payable after more than one year | 42 | - | €8,246 | +€8,246 | |
| Trade debts | 44 | €3,145 | €2,337 | -€808 | -25.7% |
| Suppliers | 440/4 | €3,145 | €2,337 | -€808 | -25.7% |
| Taxes, remuneration and social security | 45 | €18,998 | €13,256 | -€5,742 | -30.2% |
| Taxes | 450/3 | €18,998 | €13,256 | -€5,742 | -30.2% |
| Other amounts payable | 47/48 | €20,136 | €54,406 | +€34,271 | +170% |
| Accrued charges and deferred income | 492/3 | - | €739 | +€739 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,503 | €32,394 | +€30,891 | +2,055% |
| Other operating charges | 640/8 | €1,187 | €1,641 | +€453 | +38.2% |
| Gross operating margin | 9900 | €80,084 | €73,287 | -€6,797 | -8.5% |
| Operating profit (loss) | 9901 | €77,394 | €39,253 | -€38,141 | -49.3% |
| Financial income | 75/76B | €1,254 | €2,868 | +€1,613 | +129% |
| Recurring financial income | 75 | €1,254 | €2,868 | +€1,613 | +129% |
| Financial charges | 65/66B | €338 | €3,953 | +€3,614 | +1,068% |
| Recurring financial charges | 65 | €338 | €3,953 | +€3,614 | +1,068% |
| Profit (loss) for the period before taxes | 9903 | €78,310 | €38,167 | -€40,142 | -51.3% |
| Income taxes | 67/77 | €18,152 | €9,751 | -€8,401 | -46.3% |
| Profit (loss) for the period | 9904 | €60,158 | €28,416 | -€31,741 | -52.8% |
| Profit (loss) for the period to be appropriated | 9905 | €60,158 | €28,416 | -€31,741 | -52.8% |
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 30 October 2026 via checked.be.