AND'LYSE: 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
AND'LYSE
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€142,977
2024 · -€104,719-€38,258
Equity
€2.0m
2024 · €2.2m-€187,976
Cash
€182
2024 · €140+€42
Balance sheet total
€4.7m
2024 · €5.3m-€603,326
Largest movements
Assets
- Tangible fixed assets -€432,528
down €432,528 (-10.7%), from €4.0m to €3.6m
of which Land and buildings: -€413,125
- Receivables within one year -€117,814
down €117,814 (-76.4%), from €154,113 to €36,299
of which Other amounts receivable: -€72,462
- Intangible fixed assets -€59,090
down €59,090 (-36.4%), from €162,374 to €103,284
Equity and liabilities
- Debts after one year -€295,297
down €295,297 (-20.3%), from €1.5m to €1.2m
of which Financial debts: -€295,297
- Other debts +€187,235
up €187,235 (+22.3%), from €838,248 to €1.0m
- Current portion of long-term debt -€148,173
down €148,173 (-33.4%), from €443,268 to €295,095
- Revaluation surpluses -€129,458
down €129,458 (-26.6%), from €487,331 to €357,873
- Short-term financial debts -€73,090
down €73,090 (-57.2%), from €127,838 to €54,748
Income statement
- Gross operating margin +€492,494
new in 2025: €492,494
- Services and other goods -€125,749
no longer reported in 2025 (was €125,749)
- Financial income -€99,408
down €99,408 (-97.6%), from €101,801 to €2,393
- Other operating income -€81,345
no longer reported in 2025 (was €81,345)
- Depreciation -€48,264
down €48,264 (-8.3%), from €584,754 to €536,490
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
-€104,719
Turnover
-€35,180
Other operating income
-€81,345
Services and other goods
+€125,749
Depreciation
+€48,264
Provisions
+€17,079
Other operating charges
+€2,429
Other operating items
-€19,868
Financial income
-€99,408
Financial charges
+€12,501
Taxes
-€8,672
Deferred taxes and other
+€193
Result 2025
-€142,977
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
+€612,537
Investment
-€50,936
Financing
-€561,559
Cash 2024
€140
From operations (derived)
+€612,537
Net result for the year
-€142,977
Depreciation
+€536,490
Receivables within one year
+€117,814
Provisions
-€6,699
Trade debts
-€59,206
Tax, wage and social debts
-€20,120
Other debts
+€187,235
Investment (derived)
-€50,936
Investment in fixed assets (net)
-€50,936
Financing
-€561,559
Debts after one year
-€295,297
Current portion of long-term debt
-€148,173
Short-term financial debts
-€73,090
Contributions, distributions and other
-€44,999
Cash 2025
€182
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,331,211 | €4,727,885 | -€603,326 | -11.3% |
| Fixed assets | 21/28 | €5,176,958 | €4,691,404 | -€485,554 | -9.4% |
| Intangible fixed assets | 21 | €162,374 | €103,284 | -€59,090 | -36.4% |
| Tangible fixed assets | 22/27 | €4,030,791 | €3,598,263 | -€432,528 | -10.7% |
| Land and buildings | 22 | €3,959,534 | €3,546,409 | -€413,125 | -10.4% |
| Plant, machinery and equipment | 23 | €30,776 | €22,228 | -€8,548 | -27.8% |
| Furniture and vehicles | 24 | €40,481 | €29,626 | -€10,855 | -26.8% |
| Financial fixed assets | 28 | €983,793 | €989,857 | +€6,064 | +0.6% |
| Affiliated companies | 280/1 | €983,657 | - | -€983,657 | |
| Participating interests | 280 | €983,285 | - | -€983,285 | |
| Amounts receivable | 281 | €372 | - | -€372 | |
| Other financial fixed assets | 284/8 | €136 | - | -€136 | |
| Amounts receivable and cash guarantees | 285/8 | €136 | - | -€136 | |
| Current assets | 29/58 | €154,253 | €36,481 | -€117,772 | -76.3% |
| Amounts receivable within one year | 40/41 | €154,113 | €36,299 | -€117,814 | -76.4% |
| Trade receivables | 40 | €52,990 | €7,638 | -€45,352 | -85.6% |
| Other amounts receivable | 41 | €101,123 | €28,661 | -€72,462 | -71.7% |
| Cash at bank and in hand | 54/58 | €140 | €182 | +€42 | +30.0% |
| Total equity and liabilities | 10/49 | €5,331,211 | €4,727,885 | -€603,326 | -11.3% |
| Equity | 10/15 | €2,193,310 | €2,005,334 | -€187,976 | -8.6% |
| Contributions | 10/11 | €981,686 | €981,686 | = | 0.0% |
| Capital | 10 | €241,944 | €241,944 | = | 0.0% |
| Issued capital | 100 | €241,944 | €241,944 | = | 0.0% |
| Contributions outside capital | 11 | €739,742 | €739,742 | = | 0.0% |
| Share premium | 1100/10 | €739,742 | €739,742 | = | 0.0% |
| Revaluation surpluses | 12 | €487,331 | €357,873 | -€129,458 | -26.6% |
| Reserves | 13 | €724,293 | €665,775 | -€58,518 | -8.1% |
| Non-distributable reserves | 130/1 | €5,561 | €5,561 | = | 0.0% |
| Legal reserve | 130 | €5,561 | €5,561 | = | 0.0% |
| Tax-exempt reserves | 132 | €344,846 | €326,057 | -€18,789 | -5.4% |
| Distributable reserves | 133 | €373,886 | €334,157 | -€39,729 | -10.6% |
| Provisions and deferred taxes | 16 | €134,823 | €128,124 | -€6,699 | -5.0% |
| Provisions for liabilities and charges | 160/5 | €17,079 | €17,079 | = | 0.0% |
| Other liabilities and charges | 164/5 | €17,079 | €17,079 | = | 0.0% |
| Deferred taxes | 168 | €117,744 | €111,045 | -€6,699 | -5.7% |
| Amounts payable | 17/49 | €3,003,078 | €2,594,427 | -€408,651 | -13.6% |
| Amounts payable after more than one year | 17 | €1,452,228 | €1,156,931 | -€295,297 | -20.3% |
| Financial debts | 170/4 | €1,442,312 | €1,147,015 | -€295,297 | -20.5% |
| Credit institutions | 173 | €1,442,312 | - | -€1.4m | |
| Other amounts payable | 178/9 | €9,916 | €9,916 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,550,850 | €1,437,496 | -€113,354 | -7.3% |
| Current portion of amounts payable after more than one year | 42 | €443,268 | €295,095 | -€148,173 | -33.4% |
| Financial debts | 43 | €127,838 | €54,748 | -€73,090 | -57.2% |
| Credit institutions | 430/8 | €127,838 | €54,748 | -€73,090 | -57.2% |
| Trade debts | 44 | €120,291 | €61,085 | -€59,206 | -49.2% |
| Suppliers | 440/4 | €120,291 | €61,085 | -€59,206 | -49.2% |
| Taxes, remuneration and social security | 45 | €21,205 | €1,085 | -€20,120 | -94.9% |
| Taxes | 450/3 | €21,205 | €1,085 | -€20,120 | -94.9% |
| Other amounts payable | 47/48 | €838,248 | €1,025,483 | +€187,235 | +22.3% |
| Operating income | 70/76A | €611,808 | - | -€611,808 | |
| Turnover | 70 | €530,463 | €495,283 | -€35,180 | -6.6% |
| Other operating income | 74 | €81,345 | - | -€81,345 | |
| Operating charges | 60/66A | €758,562 | - | -€758,562 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €85,690 | +€85,690 | |
| Services and other goods | 61 | €125,749 | - | -€125,749 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €584,754 | €536,490 | -€48,264 | -8.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €17,079 | - | -€17,079 | |
| Other operating charges | 640/8 | €48,059 | €45,630 | -€2,429 | -5.1% |
| Non-recurring operating charges | 66A | -€17,079 | - | +€17,079 | |
| Gross operating margin | 9900 | - | €492,494 | +€492,494 | |
| Operating profit (loss) | 9901 | -€146,754 | -€89,626 | +€57,128 | +38.9% |
| Financial income | 75/76B | €101,801 | €2,393 | -€99,408 | -97.6% |
| Recurring financial income | 75 | €101,801 | €2,393 | -€99,408 | -97.6% |
| Income from current assets | 751 | €101,801 | - | -€101,801 | |
| Financial charges | 65/66B | €74,444 | €61,943 | -€12,501 | -16.8% |
| Recurring financial charges | 65 | €74,444 | €61,943 | -€12,501 | -16.8% |
| Debt charges | 650 | €71,812 | - | -€71,812 | |
| Other financial charges | 652/9 | €2,632 | - | -€2,632 | |
| Profit (loss) for the period before taxes | 9903 | -€119,397 | -€149,176 | -€29,779 | -24.9% |
| Transfer from deferred taxes | 780 | €6,506 | €6,699 | +€193 | +3.0% |
| Income taxes | 67/77 | -€8,172 | €500 | +€8,672 | |
| Taxes | 670/3 | €585 | - | -€585 | |
| Tax adjustments and reversals of tax provisions | 77 | €8,757 | - | -€8,757 | |
| Profit (loss) for the period | 9904 | -€104,719 | -€142,977 | -€38,258 | -36.5% |
| Transfer from tax-exempt reserves | 789 | €18,213 | €18,790 | +€577 | +3.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€86,506 | -€124,187 | -€37,681 | -43.6% |
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 25 October 2026 via checked.be.