ANDANTINO: 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.
ANDANTINO
Largest movements
- Receivables within one year +€30,040
up €30,040 (+36.4%), from €82,577 to €112,617
of which Other amounts receivable: +€29,400
- Stocks and contracts -€27,611
down €27,611 (-20.3%), from €135,865 to €108,253
- Tangible fixed assets -€18,361
down €18,361 (-18.4%), from €99,621 to €81,259
of which Land and buildings: -€10,326
- Deferred charges and accrued income -€5,630
down €5,630 (-86.6%), from €6,499 to €869
- Profit (loss) carried forward -€92,948
down €92,948 (-49.0%), from -€189,776 to -€282,723
- Trade debts +€40,591
up €40,591 (+30.6%), from €132,816 to €173,406
- Other debts +€34,398
up €34,398 (+86.1%), from €39,952 to €74,350
- Tax, wage and social debts -€23,317
down €23,317 (-42.6%), from €54,747 to €31,431
of which Taxes: -€17,264
- Debts after one year +€10,000
up €10,000 (+40.0%), from €25,000 to €35,000
- Gross operating margin -€67,219
down €67,219, from €66,255 to -€964
- Staff costs -€27,482
down €27,482 (-32.9%), from €83,555 to €56,073
- Financial charges +€5,962
up €5,962 (+56.6%), from €10,541 to €16,503
- Financial income +€4,630
up €4,630 (+1172.0%), from €395 to €5,025
- Other operating charges -€1,917
down €1,917 (-27.6%), from €6,939 to €5,021
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €331,743 | €311,431 | -€20,312 | -6.1% |
| Fixed assets | 21/28 | €101,226 | €82,065 | -€19,160 | -18.9% |
| Intangible fixed assets | 21 | €1,091 | €292 | -€799 | -73.2% |
| Tangible fixed assets | 22/27 | €99,621 | €81,259 | -€18,361 | -18.4% |
| Land and buildings | 22 | €31,287 | €20,960 | -€10,326 | -33.0% |
| Furniture and vehicles | 24 | €2,130 | €503 | -€1,627 | -76.4% |
| Leasing and similar rights | 25 | €66,203 | €59,796 | -€6,408 | -9.7% |
| Financial fixed assets | 28 | €514 | €514 | = | 0.0% |
| Current assets | 29/58 | €230,517 | €229,366 | -€1,152 | -0.5% |
| Stocks and contracts in progress | 3 | €135,865 | €108,253 | -€27,611 | -20.3% |
| Stocks | 30/36 | €135,865 | €108,253 | -€27,611 | -20.3% |
| Amounts receivable within one year | 40/41 | €82,577 | €112,617 | +€30,040 | +36.4% |
| Trade receivables | 40 | €9,164 | €9,804 | +€640 | +7.0% |
| Other amounts receivable | 41 | €73,413 | €102,813 | +€29,400 | +40.0% |
| Cash at bank and in hand | 54/58 | €5,577 | €7,626 | +€2,049 | +36.7% |
| Deferred charges and accrued income | 490/1 | €6,499 | €869 | -€5,630 | -86.6% |
| Total equity and liabilities | 10/49 | €331,743 | €311,431 | -€20,312 | -6.1% |
| Equity | 10/15 | -€33,744 | -€126,691 | -€92,948 | -275.5% |
| Contributions | 10/11 | €99,157 | €99,157 | = | 0.0% |
| Capital | 10 | €99,157 | €99,157 | = | 0.0% |
| Issued capital | 100 | €99,157 | €99,157 | = | 0.0% |
| Reserves | 13 | €56,875 | €56,875 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,916 | €9,916 | = | 0.0% |
| Legal reserve | 130 | €9,916 | €9,916 | = | 0.0% |
| Distributable reserves | 133 | €46,959 | €46,959 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€189,776 | -€282,723 | -€92,948 | -49.0% |
| Amounts payable | 17/49 | €365,487 | €438,122 | +€72,635 | +19.9% |
| Amounts payable after more than one year | 17 | €25,000 | €35,000 | +€10,000 | +40.0% |
| Financial debts | 170/4 | €25,000 | €35,000 | +€10,000 | +40.0% |
| Amounts payable within one year | 42/48 | €318,934 | €379,804 | +€60,870 | +19.1% |
| Current portion of amounts payable after more than one year | 42 | €41,419 | €50,617 | +€9,198 | +22.2% |
| Financial debts | 43 | €50,000 | €50,000 | = | 0.0% |
| Credit institutions | 430/8 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €132,816 | €173,406 | +€40,591 | +30.6% |
| Suppliers | 440/4 | €132,816 | €173,406 | +€40,591 | +30.6% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €54,747 | €31,431 | -€23,317 | -42.6% |
| Taxes | 450/3 | €33,673 | €16,409 | -€17,264 | -51.3% |
| Remuneration and social security | 454/9 | €21,075 | €15,022 | -€6,053 | -28.7% |
| Other amounts payable | 47/48 | €39,952 | €74,350 | +€34,398 | +86.1% |
| Accrued charges and deferred income | 492/3 | €21,553 | €23,318 | +€1,765 | +8.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €83,555 | €56,073 | -€27,482 | -32.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,437 | €19,160 | -€276 | -1.4% |
| Other operating charges | 640/8 | €6,939 | €5,021 | -€1,917 | -27.6% |
| Gross operating margin | 9900 | €66,255 | -€964 | -€67,219 | |
| Operating profit (loss) | 9901 | -€43,675 | -€81,219 | -€37,544 | -86.0% |
| Financial income | 75/76B | €395 | €5,025 | +€4,630 | +1172.0% |
| Recurring financial income | 75 | €395 | €5,025 | +€4,630 | +1172.0% |
| Financial charges | 65/66B | €10,541 | €16,503 | +€5,962 | +56.6% |
| Recurring financial charges | 65 | €10,541 | €16,503 | +€5,962 | +56.6% |
| Profit (loss) for the period before taxes | 9903 | -€53,821 | -€92,697 | -€38,876 | -72.2% |
| Income taxes | 67/77 | €240 | €250 | +€10 | +4.2% |
| Profit (loss) for the period | 9904 | -€54,061 | -€92,948 | -€38,886 | -71.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€54,061 | -€92,948 | -€38,886 | -71.9% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.