ANDAMO: 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.
ANDAMO
Largest movements
- Receivables within one year -€108,189
down €108,189 (-36.0%), from €300,337 to €192,148
of which Other amounts receivable: -€163,089
- Tangible fixed assets -€78,395
down €78,395 (-18.8%), from €416,383 to €337,988
of which Land and buildings: -€57,480
- Other debts -€85,030
down €85,030 (-48.5%), from €175,246 to €90,216
- Tax, wage and social debts -€62,594
down €62,594 (-57.4%), from €109,070 to €46,476
of which Taxes: -€58,594
- Debts after one year -€51,420
down €51,420 (-51.8%), from €99,211 to €47,792
- Reserves +€49,736
up €49,736 (+437%), from €11,386 to €61,122
of which Distributable reserves: +€48,736
- Trade debts -€41,452
down €41,452 (-55.8%), from €74,308 to €32,856
- Other operating charges -€91,633
down €91,633 (-93.0%), from €98,550 to €6,917
- Gross operating margin -€70,673
down €70,673 (-28.6%), from €246,764 to €176,091
- Financial income -€10,592
down €10,592 (-80.8%), from €13,112 to €2,520
- Depreciation -€7,475
down €7,475 (-7.7%), from €97,480 to €90,005
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €726,699 | €540,156 | -€186,544 | -25.7% |
| Fixed assets | 21/28 | €416,383 | €337,988 | -€78,395 | -18.8% |
| Tangible fixed assets | 22/27 | €416,383 | €337,988 | -€78,395 | -18.8% |
| Land and buildings | 22 | €287,867 | €230,387 | -€57,480 | -20.0% |
| Plant, machinery and equipment | 23 | €1,435 | €1,132 | -€302 | -21.1% |
| Furniture and vehicles | 24 | €127,080 | €106,468 | -€20,612 | -16.2% |
| Current assets | 29/58 | €310,316 | €202,168 | -€108,149 | -34.9% |
| Amounts receivable within one year | 40/41 | €300,337 | €192,148 | -€108,189 | -36.0% |
| Trade receivables | 40 | €72,600 | €127,500 | +€54,900 | +75.6% |
| Other amounts receivable | 41 | €227,737 | €64,648 | -€163,089 | -71.6% |
| Deferred charges and accrued income | 490/1 | €9,979 | €10,020 | +€40 | +0.4% |
| Total equity and liabilities | 10/49 | €726,699 | €540,156 | -€186,544 | -25.7% |
| Equity | 10/15 | €168,111 | €223,122 | +€55,010 | +32.7% |
| Contributions | 10/11 | €162,000 | €162,000 | = | 0.0% |
| Capital | 10 | €72,000 | €72,000 | = | 0.0% |
| Issued capital | 100 | €72,000 | €72,000 | = | 0.0% |
| Contributions outside capital | 11 | €90,000 | €90,000 | = | 0.0% |
| Share premium | 1100/10 | €90,000 | €90,000 | = | 0.0% |
| Reserves | 13 | €11,386 | €61,122 | +€49,736 | +437% |
| Non-distributable reserves | 130/1 | €6,200 | €7,200 | +€1,000 | +16.1% |
| Legal reserve | 130 | €6,200 | €7,200 | +€1,000 | +16.1% |
| Tax-exempt reserves | 132 | €5,186 | €5,186 | = | 0.0% |
| Distributable reserves | 133 | €0 | €48,736 | +€48,736 | |
| Profit (loss) carried forward | 14 | -€5,275 | €0 | +€5,275 | |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Major repairs and maintenance | 162 | €0 | - | = | |
| Amounts payable | 17/49 | €558,588 | €317,034 | -€241,554 | -43.2% |
| Amounts payable after more than one year | 17 | €99,211 | €47,792 | -€51,420 | -51.8% |
| Financial debts | 170/4 | €99,211 | €47,792 | -€51,420 | -51.8% |
| Amounts payable within one year | 42/48 | €459,376 | €269,242 | -€190,134 | -41.4% |
| Current portion of amounts payable after more than one year | 42 | €93,492 | €58,660 | -€34,832 | -37.3% |
| Financial debts | 43 | €7,261 | €4,734 | -€2,527 | -34.8% |
| Credit institutions | 430/8 | €7,261 | €4,734 | -€2,527 | -34.8% |
| Trade debts | 44 | €74,308 | €32,856 | -€41,452 | -55.8% |
| Suppliers | 440/4 | €74,308 | €32,856 | -€41,452 | -55.8% |
| Advances received on contracts in progress | 46 | - | €36,300 | +€36,300 | |
| Taxes, remuneration and social security | 45 | €109,070 | €46,476 | -€62,594 | -57.4% |
| Taxes | 450/3 | €105,070 | €46,476 | -€58,594 | -55.8% |
| Remuneration and social security | 454/9 | €4,000 | €0 | -€4,000 | -100% |
| Other amounts payable | 47/48 | €175,246 | €90,216 | -€85,030 | -48.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €229,740 | €0 | -€229,740 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,480 | €90,005 | -€7,475 | -7.7% |
| Other operating charges | 640/8 | €98,550 | €6,917 | -€91,633 | -93.0% |
| Gross operating margin | 9900 | €246,764 | €176,091 | -€70,673 | -28.6% |
| Operating profit (loss) | 9901 | €50,733 | €79,169 | +€28,436 | +56.0% |
| Financial income | 75/76B | €13,112 | €2,520 | -€10,592 | -80.8% |
| Recurring financial income | 75 | €13,112 | €2,520 | -€10,592 | -80.8% |
| Financial charges | 65/66B | €26,987 | €25,517 | -€1,469 | -5.4% |
| Recurring financial charges | 65 | €26,987 | €25,517 | -€1,469 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | €36,858 | €56,172 | +€19,313 | +52.4% |
| Income taxes | 67/77 | €495 | €1,161 | +€666 | +135% |
| Profit (loss) for the period | 9904 | €36,363 | €55,010 | +€18,647 | +51.3% |
| Profit (loss) for the period to be appropriated | 9905 | €36,363 | €55,010 | +€18,647 | +51.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.