ANDA-DECLERCQ: 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.
What changed
ANDA-DECLERCQ
NACE 01.500, Mixed farming
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€410,367
2024 · €166,178+€244,189
Equity
€1.4m
2024 · €953,094+€410,367
Cash
€0
2024 · €0
Balance sheet total
€16.4m
2024 · €15.2m+€1.2m
Largest movements
Assets
- Tangible fixed assets +€1.1m
up €1.1m (+7.9%), from €14.1m to €15.2m
of which Land and buildings: +€949,503
Equity and liabilities
- Other debts +€483,600
up €483,600 (+49.6%), from €974,198 to €1.5m
- Profit (loss) carried forward +€410,367
up €410,367 (+52.5%), from €781,563 to €1.2m
- Current portion of long-term debt +€376,133
up €376,133 (+53.9%), from €697,758 to €1.1m
Income statement
- Gross operating margin +€246,205
up €246,205 (+18.7%), from €1.3m to €1.6m
- Taxes +€84,047
up €84,047 (+183.2%), from €45,865 to €129,912
- Depreciation -€49,499
down €49,499 (-5.4%), from €919,005 to €869,507
- Other operating charges -€40,133
down €40,133 (-57.7%), from €69,583 to €29,450
- Financial charges +€39,840
up €39,840 (+78.4%), from €50,848 to €90,688
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
€166,178
Gross operating margin
+€246,205
Staff costs
+€31,031
Depreciation
+€49,499
Other operating charges
+€40,133
Financial income
+€1,207
Financial charges
-€39,840
Taxes
-€84,047
Result 2025
€410,367
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.
From operations
+€1.7m
Investment
-€2.0m
Financing
+€320,753
Cash 2024
€0
From operations (derived)
+€1.7m
Net result for the year
+€410,367
Depreciation
+€869,507
Stocks and contracts
+€79,625
Receivables within one year
-€143,377
Trade debts
-€36,804
Tax, wage and social debts
-€8,683
Other debts
+€483,600
Accrued charges and deferred income
+€13,163
Investment (derived)
-€2.0m
Investment in fixed assets (net)
-€2.0m
Financing
+€320,753
Debts after one year
-€10,672
Current portion of long-term debt
+€376,133
Short-term financial debts
-€44,708
Cash 2025
€0
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,177,073 | €16,359,469 | +€1.2m | +7.8% |
| Fixed assets | 21/28 | €14,089,927 | €15,208,571 | +€1.1m | +7.9% |
| Tangible fixed assets | 22/27 | €14,089,927 | €15,208,571 | +€1.1m | +7.9% |
| Land and buildings | 22 | €13,762,719 | €14,712,222 | +€949,503 | +6.9% |
| Plant, machinery and equipment | 23 | €317,633 | €354,936 | +€37,304 | +11.7% |
| Furniture and vehicles | 24 | €9,576 | €50,319 | +€40,744 | +425.5% |
| Assets under construction and advance payments | 27 | - | €91,093 | +€91,093 | |
| Financial fixed assets | 28 | - | €0 | = | |
| Current assets | 29/58 | €1,087,146 | €1,150,898 | +€63,752 | +5.9% |
| Stocks and contracts in progress | 3 | €123,450 | €43,825 | -€79,625 | -64.5% |
| Stocks | 30/36 | €103,450 | €38,200 | -€65,250 | -63.1% |
| Contracts in progress | 37 | €20,000 | €5,625 | -€14,375 | -71.9% |
| Amounts receivable within one year | 40/41 | €963,696 | €1,107,073 | +€143,377 | +14.9% |
| Trade receivables | 40 | €963,696 | €1,088,599 | +€124,902 | +13.0% |
| Other amounts receivable | 41 | €0 | €18,474 | +€18,474 | |
| Cash at bank and in hand | 54/58 | €0 | €0 | = | |
| Total equity and liabilities | 10/49 | €15,177,073 | €16,359,469 | +€1.2m | +7.8% |
| Equity | 10/15 | €953,094 | €1,363,461 | +€410,367 | +43.1% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €109,558 | €109,558 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €103,361 | €103,361 | = | 0.0% |
| Profit (loss) carried forward | 14 | €781,563 | €1,191,930 | +€410,367 | +52.5% |
| Amounts payable | 17/49 | €14,223,979 | €14,996,008 | +€772,029 | +5.4% |
| Amounts payable after more than one year | 17 | €11,811,461 | €11,800,789 | -€10,672 | -0.1% |
| Financial debts | 170/4 | €11,553,461 | €11,670,289 | +€116,828 | +1.0% |
| Trade debts | 175 | €255,000 | €127,500 | -€127,500 | -50.0% |
| Other amounts payable | 178/9 | €3,000 | €3,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,412,517 | €3,182,055 | +€769,538 | +31.9% |
| Current portion of amounts payable after more than one year | 42 | €697,758 | €1,073,891 | +€376,133 | +53.9% |
| Financial debts | 43 | €113,630 | €68,922 | -€44,708 | -39.3% |
| Credit institutions | 430/8 | €113,630 | €68,922 | -€44,708 | -39.3% |
| Trade debts | 44 | €612,958 | €576,154 | -€36,804 | -6.0% |
| Suppliers | 440/4 | €612,958 | €576,154 | -€36,804 | -6.0% |
| Taxes, remuneration and social security | 45 | €13,974 | €5,291 | -€8,683 | -62.1% |
| Taxes | 450/3 | €5,249 | - | -€5,249 | |
| Remuneration and social security | 454/9 | €8,725 | €5,291 | -€3,434 | -39.4% |
| Other amounts payable | 47/48 | €974,198 | €1,457,798 | +€483,600 | +49.6% |
| Accrued charges and deferred income | 492/3 | - | €13,163 | +€13,163 | |
| Non-recurring operating income | 76A | €107,473 | €50,322 | -€57,151 | -53.2% |
| Remuneration, social security and pensions | 62 | €67,177 | €36,146 | -€31,031 | -46.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €919,005 | €869,507 | -€49,499 | -5.4% |
| Other operating charges | 640/8 | €69,583 | €29,450 | -€40,133 | -57.7% |
| Gross operating margin | 9900 | €1,318,138 | €1,564,343 | +€246,205 | +18.7% |
| Operating profit (loss) | 9901 | €262,372 | €629,241 | +€366,869 | +139.8% |
| Financial income | 75/76B | €520 | €1,726 | +€1,207 | +232.3% |
| Recurring financial income | 75 | €520 | €1,726 | +€1,207 | +232.3% |
| Financial charges | 65/66B | €50,848 | €90,688 | +€39,840 | +78.4% |
| Recurring financial charges | 65 | €50,848 | €90,688 | +€39,840 | +78.4% |
| Profit (loss) for the period before taxes | 9903 | €212,043 | €540,279 | +€328,236 | +154.8% |
| Income taxes | 67/77 | €45,865 | €129,912 | +€84,047 | +183.2% |
| Profit (loss) for the period | 9904 | €166,178 | €410,367 | +€244,189 | +146.9% |
| Profit (loss) for the period to be appropriated | 9905 | €166,178 | €410,367 | +€244,189 | +146.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.