ANDABEL IMMO: 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.
ANDABEL IMMO
Largest movements
- Cash +€36,789
up €36,789 (+15.6%), from €235,163 to €271,952
mainly Depreciation (+€31,824) and Net result for the year (+€30,984)
- Tangible fixed assets -€23,329
down €23,329 (-4.5%), from €522,040 to €498,711
- Profit (loss) carried forward +€30,984
up €30,984 (+51.6%), from €60,070 to €91,054
- Provisions -€19,000
down €19,000 (-12.1%), from €157,000 to €138,000
- Gross operating margin +€35,113
up €35,113 (+104%), from €33,803 to €68,916
- Taxes +€4,895
new in 2025: €4,895
- Financial income +€1,008
up €1,008 (+195%), from €518 to €1,526
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 | €758,431 | €771,936 | +€13,505 | +1.8% |
| Fixed assets | 21/28 | €522,040 | €498,711 | -€23,329 | -4.5% |
| Tangible fixed assets | 22/27 | €522,040 | €498,711 | -€23,329 | -4.5% |
| Land and buildings | 22 | €522,040 | €498,711 | -€23,329 | -4.5% |
| Current assets | 29/58 | €236,391 | €273,224 | +€36,833 | +15.6% |
| Cash at bank and in hand | 54/58 | €235,163 | €271,952 | +€36,789 | +15.6% |
| Deferred charges and accrued income | 490/1 | €1,228 | €1,273 | +€44 | +3.6% |
| Total equity and liabilities | 10/49 | €758,431 | €771,936 | +€13,505 | +1.8% |
| Equity | 10/15 | €162,380 | €193,364 | +€30,984 | +19.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €2,310 | €2,310 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,310 | €2,310 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,310 | €2,310 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,070 | €91,054 | +€30,984 | +51.6% |
| Provisions and deferred taxes | 16 | €157,000 | €138,000 | -€19,000 | -12.1% |
| Provisions for liabilities and charges | 160/5 | €157,000 | €138,000 | -€19,000 | -12.1% |
| Environmental obligations | 163 | €157,000 | €138,000 | -€19,000 | -12.1% |
| Amounts payable | 17/49 | €439,051 | €440,571 | +€1,521 | +0.3% |
| Amounts payable within one year | 42/48 | €439,051 | €440,571 | +€1,521 | +0.3% |
| Trade debts | 44 | €2,916 | - | -€2,916 | |
| Suppliers | 440/4 | €2,916 | - | -€2,916 | |
| Taxes, remuneration and social security | 45 | €815 | €5,251 | +€4,437 | +545% |
| Taxes | 450/3 | €815 | €5,251 | +€4,437 | +545% |
| Other amounts payable | 47/48 | €435,320 | €435,320 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,624 | €31,824 | +€200 | +0.6% |
| Other operating charges | 640/8 | €2,243 | €2,704 | +€461 | +20.5% |
| Gross operating margin | 9900 | €33,803 | €68,916 | +€35,113 | +104% |
| Operating profit (loss) | 9901 | -€64 | €34,389 | +€34,452 | |
| Financial income | 75/76B | €518 | €1,526 | +€1,008 | +195% |
| Recurring financial income | 75 | €518 | €1,526 | +€1,008 | +195% |
| Financial charges | 65/66B | €46 | €36 | -€10 | -22.5% |
| Recurring financial charges | 65 | €46 | €36 | -€10 | -22.5% |
| Profit (loss) for the period before taxes | 9903 | €407 | €35,879 | +€35,471 | +8,708% |
| Income taxes | 67/77 | - | €4,895 | +€4,895 | |
| Profit (loss) for the period | 9904 | €407 | €30,984 | +€30,577 | +7,506% |
| Profit (loss) for the period to be appropriated | 9905 | €407 | €30,984 | +€30,577 | +7,506% |
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 15 October 2026 via checked.be.