ANDA: what changed
Two fiscal 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.
ANDA
Largest movements
- Receivables within one year -€12,016
down €12,016 (-96.9%), from €12,405 to €389
of which Trade receivables: -€12,293
- Deferred charges and accrued income -€7,305
no longer reported in 2025 (was €7,305)
- Tangible fixed assets -€5,497
down €5,497 (-6.6%), from €83,209 to €77,712
of which Land and buildings: -€3,799
- Cash -€3,627
no longer reported in 2025 (was €3,627)
mainly Other debts (-€12,393) and Trade debts (-€6,884)
- Other debts -€12,393
down €12,393 (-84.6%), from €14,658 to €2,264
- Trade debts -€6,884
down €6,884 (-94.0%), from €7,322 to €438
- Debts after one year -€5,543
down €5,543 (-12.1%), from €45,633 to €40,090
- Profit (loss) carried forward -€4,093
down €4,093 (-81.7%), from €5,008 to €916
- Staff costs +€14,257
up €14,257 (+371.3%), from €3,840 to €18,097
- Gross operating margin +€7,395
up €7,395 (+55.3%), from €13,375 to €20,770
- Taxes -€6,596
down €6,596, from €4,664 to -€1,932
- Depreciation +€1,135
up €1,135 (+26.0%), from €4,362 to €5,497
- Other operating charges +€434
up €434 (+61.8%), from €702 to €1,136
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.
Cash bridge derived
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 | €106,546 | €78,101 | -€28,445 | -26.7% |
| Fixed assets | 21/28 | €83,209 | €77,712 | -€5,497 | -6.6% |
| Tangible fixed assets | 22/27 | €83,209 | €77,712 | -€5,497 | -6.6% |
| Land and buildings | 22 | €75,282 | €71,483 | -€3,799 | -5.0% |
| Furniture and vehicles | 24 | €7,927 | €6,229 | -€1,698 | -21.4% |
| Current assets | 29/58 | €23,337 | €389 | -€22,948 | -98.3% |
| Amounts receivable within one year | 40/41 | €12,405 | €389 | -€12,016 | -96.9% |
| Trade receivables | 40 | €12,293 | - | -€12,293 | |
| Other amounts receivable | 41 | €112 | €389 | +€277 | +246.1% |
| Cash at bank and in hand | 54/58 | €3,627 | - | -€3,627 | |
| Deferred charges and accrued income | 490/1 | €7,305 | - | -€7,305 | |
| Total equity and liabilities | 10/49 | €106,546 | €78,101 | -€28,445 | -26.7% |
| Equity | 10/15 | €32,015 | €27,577 | -€4,438 | -13.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,008 | €916 | -€4,093 | -81.7% |
| Investment grants | 15 | €6,555 | €6,210 | -€345 | -5.3% |
| Provisions and deferred taxes | 16 | €1,639 | €1,553 | -€86 | -5.3% |
| Deferred taxes | 168 | €1,639 | €1,553 | -€86 | -5.3% |
| Amounts payable | 17/49 | €72,892 | €48,972 | -€23,920 | -32.8% |
| Amounts payable after more than one year | 17 | €45,633 | €40,090 | -€5,543 | -12.1% |
| Financial debts | 170/4 | €45,633 | €40,090 | -€5,543 | -12.1% |
| Amounts payable within one year | 42/48 | €27,259 | €8,882 | -€18,377 | -67.4% |
| Current portion of amounts payable after more than one year | 42 | €5,280 | €5,543 | +€263 | +5.0% |
| Financial debts | 43 | - | €637 | +€637 | |
| Credit institutions | 430/8 | - | €637 | +€637 | |
| Trade debts | 44 | €7,322 | €438 | -€6,884 | -94.0% |
| Suppliers | 440/4 | €7,322 | €438 | -€6,884 | -94.0% |
| Other amounts payable | 47/48 | €14,658 | €2,264 | -€12,393 | -84.6% |
| Non-recurring operating income | 76A | €1,899 | - | -€1,899 | |
| Remuneration, social security and pensions | 62 | €3,840 | €18,097 | +€14,257 | +371.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,362 | €5,497 | +€1,135 | +26.0% |
| Other operating charges | 640/8 | €702 | €1,136 | +€434 | +61.8% |
| Gross operating margin | 9900 | €13,375 | €20,770 | +€7,395 | +55.3% |
| Operating profit (loss) | 9901 | €4,471 | -€3,960 | -€8,431 | |
| Financial income | 75/76B | €345 | €345 | = | 0.0% |
| Recurring financial income | 75 | €345 | €345 | = | 0.0% |
| Financial charges | 65/66B | €2,635 | €2,410 | -€224 | -8.5% |
| Recurring financial charges | 65 | €2,635 | €2,410 | -€224 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | €2,182 | -€6,025 | -€8,207 | |
| Income taxes | 67/77 | €4,664 | -€1,932 | -€6,596 | |
| Profit (loss) for the period | 9904 | -€2,483 | -€4,093 | -€1,610 | -64.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,483 | -€4,093 | -€1,610 | -64.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.