ANDAVID: 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.
ANDAVID
Largest movements
- Receivables within one year -€41,919
down €41,919 (-92.7%), from €45,213 to €3,293
of which Trade receivables: -€44,419
- Cash +€35,466
up €35,466 (+1,306%), from €2,716 to €38,182
mainly Receivables within one year (+€41,919) and Depreciation (+€8,425)
- Tangible fixed assets -€1,921
down €1,921 (-3.2%), from €60,912 to €58,990
of which Land and buildings: -€6,936
- Trade debts -€3,906
down €3,906 (-97.3%), from €4,017 to €110
- Accrued charges and deferred income -€3,042
no longer reported in 2025 (was €3,042)
- Tax, wage and social debts -€1,360
down €1,360 (-68.9%), from €1,974 to €614
- Gross operating margin -€28,375
down €28,375 (-68.1%), from €41,640 to €13,265
- Taxes -€5,123
no longer reported in 2025 (was €5,123)
- Financial charges -€2,906
down €2,906 (-51.0%), from €5,701 to €2,795
- Depreciation +€1,033
up €1,033 (+14.0%), from €7,392 to €8,425
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 | €109,728 | €101,297 | -€8,430 | -7.7% |
| Fixed assets | 21/28 | €60,912 | €58,990 | -€1,921 | -3.2% |
| Tangible fixed assets | 22/27 | €60,912 | €58,990 | -€1,921 | -3.2% |
| Land and buildings | 22 | €59,743 | €52,807 | -€6,936 | -11.6% |
| Plant, machinery and equipment | 23 | €1,168 | €5,104 | +€3,936 | +337% |
| Furniture and vehicles | 24 | - | €1,079 | +€1,079 | |
| Current assets | 29/58 | €48,816 | €42,307 | -€6,509 | -13.3% |
| Amounts receivable within one year | 40/41 | €45,213 | €3,293 | -€41,919 | -92.7% |
| Trade receivables | 40 | €45,213 | €793 | -€44,419 | -98.2% |
| Other amounts receivable | 41 | - | €2,500 | +€2,500 | |
| Cash at bank and in hand | 54/58 | €2,716 | €38,182 | +€35,466 | +1,306% |
| Deferred charges and accrued income | 490/1 | €888 | €832 | -€56 | -6.3% |
| Total equity and liabilities | 10/49 | €109,728 | €101,297 | -€8,430 | -7.7% |
| Equity | 10/15 | €62,726 | €62,596 | -€130 | -0.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €44,126 | €43,996 | -€130 | -0.3% |
| Distributable reserves | 133 | €44,126 | €43,996 | -€130 | -0.3% |
| Amounts payable | 17/49 | €47,002 | €38,701 | -€8,301 | -17.7% |
| Amounts payable after more than one year | 17 | €37,969 | €37,977 | +€8 | 0.0% |
| Other amounts payable | 178/9 | €37,969 | €37,977 | +€8 | 0.0% |
| Amounts payable within one year | 42/48 | €5,991 | €725 | -€5,267 | -87.9% |
| Trade debts | 44 | €4,017 | €110 | -€3,906 | -97.3% |
| Suppliers | 440/4 | €4,017 | €110 | -€3,906 | -97.3% |
| Taxes, remuneration and social security | 45 | €1,974 | €614 | -€1,360 | -68.9% |
| Taxes | 450/3 | €1,974 | €614 | -€1,360 | -68.9% |
| Accrued charges and deferred income | 492/3 | €3,042 | - | -€3,042 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,392 | €8,425 | +€1,033 | +14.0% |
| Other operating charges | 640/8 | €1,987 | €2,174 | +€187 | +9.4% |
| Gross operating margin | 9900 | €41,640 | €13,265 | -€28,375 | -68.1% |
| Operating profit (loss) | 9901 | €32,261 | €2,665 | -€29,596 | -91.7% |
| Financial charges | 65/66B | €5,701 | €2,795 | -€2,906 | -51.0% |
| Recurring financial charges | 65 | €5,701 | €2,795 | -€2,906 | -51.0% |
| Profit (loss) for the period before taxes | 9903 | €26,560 | -€130 | -€26,690 | |
| Income taxes | 67/77 | €5,123 | - | -€5,123 | |
| Profit (loss) for the period | 9904 | €21,438 | -€130 | -€21,568 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,438 | -€130 | -€21,568 |
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 25 October 2026 via checked.be.