ANDEA: what changed
Two fiscal 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.
ANDEA
Largest movements
- Cash +€135,548
up €135,548 (+75.5%), from €179,631 to €315,179
mainly Net result for the year (+€117,150) and Current investments (+€95,000)
- Current investments -€95,000
down €95,000 (-72.9%), from €130,250 to €35,250
- Financial fixed assets +€50,000
up €50,000 (+47.6%), from €105,000 to €155,000
- Tangible fixed assets -€42,198
down €42,198 (-8.5%), from €498,262 to €456,065
of which Land and buildings: -€25,677
- Reserves +€50,190
up €50,190 (+9.2%), from €543,890 to €594,080
- Debts after one year -€34,577
down €34,577 (-8.1%), from €425,965 to €391,388
- Trade debts +€26,875
up €26,875 (+464.4%), from €5,788 to €32,663
- Gross operating margin -€393,021
down €393,021 (-62.4%), from €629,532 to €236,511
- Taxes -€108,954
down €108,954 (-69.2%), from €157,458 to €48,504
- Financial income +€18,388
up €18,388 (+1463.5%), from €1,256 to €19,644
- Depreciation +€14,115
up €14,115 (+22.6%), from €62,401 to €76,516
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.
Cash bridge derived
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 | €1,256,478 | €1,301,958 | +€45,480 | +3.6% |
| Fixed assets | 21/28 | €603,517 | €611,222 | +€7,704 | +1.3% |
| Intangible fixed assets | 21 | €255 | €157 | -€98 | -38.3% |
| Tangible fixed assets | 22/27 | €498,262 | €456,065 | -€42,198 | -8.5% |
| Land and buildings | 22 | €295,208 | €269,532 | -€25,677 | -8.7% |
| Plant, machinery and equipment | 23 | €12,011 | €8,092 | -€3,918 | -32.6% |
| Furniture and vehicles | 24 | €14,919 | €3,046 | -€11,872 | -79.6% |
| Other tangible fixed assets | 26 | €176,125 | €175,394 | -€731 | -0.4% |
| Financial fixed assets | 28 | €105,000 | €155,000 | +€50,000 | +47.6% |
| Current assets | 29/58 | €652,961 | €690,736 | +€37,775 | +5.8% |
| Amounts receivable within one year | 40/41 | €343,080 | €340,307 | -€2,773 | -0.8% |
| Trade receivables | 40 | €320,708 | €232,095 | -€88,613 | -27.6% |
| Other amounts receivable | 41 | €22,372 | €108,212 | +€85,840 | +383.7% |
| Current investments | 50/53 | €130,250 | €35,250 | -€95,000 | -72.9% |
| Cash at bank and in hand | 54/58 | €179,631 | €315,179 | +€135,548 | +75.5% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,256,478 | €1,301,958 | +€45,480 | +3.6% |
| Equity | 10/15 | €764,225 | €814,426 | +€50,200 | +6.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €543,890 | €594,080 | +€50,190 | +9.2% |
| Distributable reserves | 133 | €543,890 | €594,080 | +€50,190 | +9.2% |
| Profit (loss) carried forward | 14 | €214,135 | €214,146 | +€10 | 0.0% |
| Provisions and deferred taxes | 16 | €8,455 | €8,455 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €8,455 | €8,455 | = | 0.0% |
| Pensions and similar obligations | 160 | €8,455 | €8,455 | = | 0.0% |
| Amounts payable | 17/49 | €483,798 | €479,077 | -€4,721 | -1.0% |
| Amounts payable after more than one year | 17 | €425,965 | €391,388 | -€34,577 | -8.1% |
| Financial debts | 170/4 | €425,965 | €391,388 | -€34,577 | -8.1% |
| Amounts payable within one year | 42/48 | €57,833 | €87,689 | +€29,856 | +51.6% |
| Current portion of amounts payable after more than one year | 42 | €33,726 | €34,577 | +€851 | +2.5% |
| Trade debts | 44 | €5,788 | €32,663 | +€26,875 | +464.4% |
| Suppliers | 440/4 | €5,788 | €32,663 | +€26,875 | +464.4% |
| Taxes, remuneration and social security | 45 | €17,146 | €8,645 | -€8,501 | -49.6% |
| Taxes | 450/3 | €12,948 | €4,427 | -€8,522 | -65.8% |
| Remuneration and social security | 454/9 | €4,198 | €4,219 | +€21 | +0.5% |
| Other amounts payable | 47/48 | €1,173 | €11,804 | +€10,631 | +906.1% |
| Non-recurring operating income | 76A | - | €8,957 | +€8,957 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,401 | €76,516 | +€14,115 | +22.6% |
| Other operating charges | 640/8 | €3,637 | €3,466 | -€170 | -4.7% |
| Gross operating margin | 9900 | €629,532 | €236,511 | -€393,021 | -62.4% |
| Operating profit (loss) | 9901 | €563,494 | €156,528 | -€406,966 | -72.2% |
| Financial income | 75/76B | €1,256 | €19,644 | +€18,388 | +1463.5% |
| Recurring financial income | 75 | €1,256 | €19,644 | +€18,388 | +1463.5% |
| Financial charges | 65/66B | €12,897 | €10,519 | -€2,379 | -18.4% |
| Recurring financial charges | 65 | €11,384 | €10,519 | -€865 | -7.6% |
| Non-recurring financial charges | 66B | €1,514 | €0 | -€1,514 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €551,854 | €165,654 | -€386,200 | -70.0% |
| Income taxes | 67/77 | €157,458 | €48,504 | -€108,954 | -69.2% |
| Profit (loss) for the period | 9904 | €394,396 | €117,150 | -€277,246 | -70.3% |
| Profit (loss) for the period to be appropriated | 9905 | €394,396 | €117,150 | -€277,246 | -70.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.