ANDB PROPERTY: 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.
ANDB PROPERTY
Largest movements
- Tangible fixed assets +€23,354
up €23,354 (+5.8%), from €399,555 to €422,909
- Revaluation surpluses +€47,176
new in 2025: €47,176
- Profit (loss) carried forward -€24,301
down €24,301 (-27.4%), from -€88,693 to -€112,994
- Gross operating margin +€12,636
up €12,636, from -€9,958 to €2,678
- Depreciation +€12,355
up €12,355 (+212%), from €5,829 to €18,184
- Financial charges +€2,289
up €2,289 (+30.5%), from €7,506 to €9,795
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 | €399,563 | €422,909 | +€23,346 | +5.8% |
| Fixed assets | 21/28 | €399,555 | €422,909 | +€23,354 | +5.8% |
| Tangible fixed assets | 22/27 | €399,555 | €422,909 | +€23,354 | +5.8% |
| Land and buildings | 22 | €399,555 | €422,909 | +€23,354 | +5.8% |
| Current assets | 29/58 | €8 | €0 | -€8 | -96.5% |
| Cash at bank and in hand | 54/58 | €8 | €0 | -€8 | -96.5% |
| Total equity and liabilities | 10/49 | €399,563 | €422,909 | +€23,346 | +5.8% |
| Equity | 10/15 | -€58,693 | -€35,819 | +€22,874 | +39.0% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Revaluation surpluses | 12 | - | €47,176 | +€47,176 | |
| Profit (loss) carried forward | 14 | -€88,693 | -€112,994 | -€24,301 | -27.4% |
| Amounts payable | 17/49 | €458,256 | €458,728 | +€472 | +0.1% |
| Amounts payable after more than one year | 17 | €445,759 | €447,873 | +€2,114 | +0.5% |
| Financial debts | 170/4 | €153,305 | €146,019 | -€7,286 | -4.8% |
| Other amounts payable | 178/9 | €292,454 | €301,855 | +€9,401 | +3.2% |
| Amounts payable within one year | 42/48 | €12,497 | €10,855 | -€1,642 | -13.1% |
| Current portion of amounts payable after more than one year | 42 | €6,859 | €7,287 | +€428 | +6.2% |
| Financial debts | 43 | €13 | €46 | +€33 | +252% |
| Credit institutions | 430/8 | €13 | €46 | +€33 | +252% |
| Trade debts | 44 | €3,546 | €3,433 | -€113 | -3.2% |
| Suppliers | 440/4 | €3,546 | €3,433 | -€113 | -3.2% |
| Taxes, remuneration and social security | 45 | €2,079 | €89 | -€1,990 | -95.7% |
| Taxes | 450/3 | €2,079 | €89 | -€1,990 | -95.7% |
| Non-recurring operating income | 76A | - | €2,192 | +€2,192 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,829 | €18,184 | +€12,355 | +212% |
| Other operating charges | 640/8 | €947 | €950 | +€3 | +0.3% |
| Gross operating margin | 9900 | -€9,958 | €2,678 | +€12,636 | |
| Operating profit (loss) | 9901 | -€16,734 | -€16,456 | +€278 | +1.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €7,506 | €9,795 | +€2,289 | +30.5% |
| Recurring financial charges | 65 | €7,506 | €9,795 | +€2,289 | +30.5% |
| Profit (loss) for the period before taxes | 9903 | -€24,240 | -€26,251 | -€2,011 | -8.3% |
| Income taxes | 67/77 | - | €89 | +€89 | |
| Profit (loss) for the period | 9904 | -€24,240 | -€26,340 | -€2,100 | -8.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,240 | -€26,340 | -€2,100 | -8.7% |
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 18 October 2026 via checked.be.