ANDANTE: 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.
ANDANTE
Largest movements
- Cash +€133,583
up €133,583 (+247%), from €54,180 to €187,763
mainly Other debts (+€352,035) and Receivables within one year (+€82,293)
- Receivables within one year -€82,293
down €82,293 (-98.6%), from €83,501 to €1,208
- Tangible fixed assets -€32,757
down €32,757 (-5.1%), from €640,447 to €607,690
of which Land and buildings: -€19,817
- Other debts +€352,035
up €352,035 (+131%), from €268,181 to €620,216
- Reserves -€203,141
down €203,141 (-70.9%), from €286,530 to €83,389
- Profit (loss) carried forward -€88,520
no longer reported in 2025 (was €88,520)
- Tax, wage and social debts -€41,696
down €41,696 (-38.3%), from €108,809 to €67,113
- Gross operating margin -€96,684
down €96,684 (-56.5%), from €171,009 to €74,325
- Taxes -€36,182
down €36,182 (-76.5%), from €47,300 to €11,118
- Depreciation +€4,824
up €4,824 (+12.1%), from €39,724 to €44,548
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 | €784,937 | €797,161 | +€12,224 | +1.6% |
| Fixed assets | 21/28 | €640,947 | €608,190 | -€32,757 | -5.1% |
| Tangible fixed assets | 22/27 | €640,447 | €607,690 | -€32,757 | -5.1% |
| Land and buildings | 22 | €583,177 | €563,360 | -€19,817 | -3.4% |
| Plant, machinery and equipment | 23 | €10,468 | €7,951 | -€2,517 | -24.0% |
| Furniture and vehicles | 24 | €46,802 | €36,379 | -€10,423 | -22.3% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €143,990 | €188,971 | +€44,981 | +31.2% |
| Amounts receivable within one year | 40/41 | €83,501 | €1,208 | -€82,293 | -98.6% |
| Trade receivables | 40 | €83,501 | €1,208 | -€82,293 | -98.6% |
| Cash at bank and in hand | 54/58 | €54,180 | €187,763 | +€133,583 | +247% |
| Deferred charges and accrued income | 490/1 | €6,309 | - | -€6,309 | |
| Total equity and liabilities | 10/49 | €784,937 | €797,161 | +€12,224 | +1.6% |
| Equity | 10/15 | €393,650 | €101,989 | -€291,661 | -74.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €286,530 | €83,389 | -€203,141 | -70.9% |
| Distributable reserves | 133 | €286,530 | €83,389 | -€203,141 | -70.9% |
| Profit (loss) carried forward | 14 | €88,520 | - | -€88,520 | |
| Amounts payable | 17/49 | €391,287 | €695,172 | +€303,885 | +77.7% |
| Amounts payable within one year | 42/48 | €391,287 | €695,172 | +€303,885 | +77.7% |
| Trade debts | 44 | €14,297 | €7,843 | -€6,454 | -45.1% |
| Suppliers | 440/4 | €14,297 | €7,843 | -€6,454 | -45.1% |
| Taxes, remuneration and social security | 45 | €108,809 | €67,113 | -€41,696 | -38.3% |
| Taxes | 450/3 | €108,809 | €67,113 | -€41,696 | -38.3% |
| Other amounts payable | 47/48 | €268,181 | €620,216 | +€352,035 | +131% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,724 | €44,548 | +€4,824 | +12.1% |
| Other operating charges | 640/8 | €555 | €500 | -€55 | -9.9% |
| Gross operating margin | 9900 | €171,009 | €74,325 | -€96,684 | -56.5% |
| Operating profit (loss) | 9901 | €130,730 | €29,277 | -€101,453 | -77.6% |
| Financial charges | 65/66B | €41 | €44 | +€3 | +7.3% |
| Recurring financial charges | 65 | €41 | €44 | +€3 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | €130,689 | €29,233 | -€101,456 | -77.6% |
| Income taxes | 67/77 | €47,300 | €11,118 | -€36,182 | -76.5% |
| Profit (loss) for the period | 9904 | €83,389 | €18,115 | -€65,274 | -78.3% |
| Profit (loss) for the period to be appropriated | 9905 | €83,389 | €18,115 | -€65,274 | -78.3% |
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 22 October 2026 via checked.be.