ANDAV: 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.
ANDAV
Largest movements
- Receivables after one year +€5,519
up €5,519 (+3.0%), from €183,961 to €189,480
- Receivables within one year -€2,575
down €2,575 (-48.1%), from €5,349 to €2,774
of which Other amounts receivable: -€2,575
No liability line moved by more than 1% of the balance sheet total.
- Financial income -€2,617
down €2,617 (-32.2%), from €8,135 to €5,519
- Financial charges -€2,362
down €2,362 (-92.6%), from €2,549 to €188
- Gross operating margin +€1,052
up €1,052 (+35.4%), from -€2,971 to -€1,919
- Other operating charges +€789
up €789 (+626%), from €126 to €915
- Taxes +€384
up €384 (+92.5%), from €415 to €799
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 | €190,533 | €192,930 | +€2,397 | +1.3% |
| Current assets | 29/58 | €190,533 | €192,930 | +€2,397 | +1.3% |
| Amounts receivable after more than one year | 29 | €183,961 | €189,480 | +€5,519 | +3.0% |
| Other amounts receivable | 291 | €183,961 | €189,480 | +€5,519 | +3.0% |
| Amounts receivable within one year | 40/41 | €5,349 | €2,774 | -€2,575 | -48.1% |
| Trade receivables | 40 | €2,774 | €2,774 | = | 0.0% |
| Other amounts receivable | 41 | €2,575 | €0 | -€2,575 | -100% |
| Cash at bank and in hand | 54/58 | €1,223 | €677 | -€547 | -44.7% |
| Total equity and liabilities | 10/49 | €190,533 | €192,930 | +€2,397 | +1.3% |
| Equity | 10/15 | €189,992 | €191,690 | +€1,699 | +0.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €171,400 | €173,098 | +€1,699 | +1.0% |
| Distributable reserves | 133 | €171,400 | €173,098 | +€1,699 | +1.0% |
| Amounts payable | 17/49 | €541 | €1,240 | +€699 | +129% |
| Amounts payable after more than one year | 17 | - | €1,000 | +€1,000 | |
| Other amounts payable | 178/9 | - | €1,000 | +€1,000 | |
| Amounts payable within one year | 42/48 | €541 | €240 | -€301 | -55.7% |
| Trade debts | 44 | €126 | €66 | -€60 | -47.9% |
| Suppliers | 440/4 | €126 | €66 | -€60 | -47.9% |
| Taxes, remuneration and social security | 45 | €415 | €174 | -€241 | -58.1% |
| Taxes | 450/3 | €415 | €174 | -€241 | -58.1% |
| Other operating charges | 640/8 | €126 | €915 | +€789 | +626% |
| Gross operating margin | 9900 | -€2,971 | -€1,919 | +€1,052 | +35.4% |
| Operating profit (loss) | 9901 | -€3,097 | -€2,834 | +€263 | +8.5% |
| Financial income | 75/76B | €8,135 | €5,519 | -€2,617 | -32.2% |
| Recurring financial income | 75 | €8,135 | €5,519 | -€2,617 | -32.2% |
| Financial charges | 65/66B | €2,549 | €188 | -€2,362 | -92.6% |
| Recurring financial charges | 65 | €2,549 | €188 | -€2,362 | -92.6% |
| Profit (loss) for the period before taxes | 9903 | €2,490 | €2,498 | +€8 | +0.3% |
| Income taxes | 67/77 | €415 | €799 | +€384 | +92.5% |
| Profit (loss) for the period | 9904 | €2,075 | €1,699 | -€376 | -18.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,075 | €1,699 | -€376 | -18.1% |
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 13 October 2026 via checked.be.