ANDECCO: 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.
ANDECCO
Largest movements
- Cash +€35,862
up €35,862 (+317.7%), from €11,289 to €47,151
mainly Net result for the year (+€31,501) and Other debts (+€17,134)
- Receivables within one year -€12,667
down €12,667 (-34.6%), from €36,658 to €23,991
of which Trade receivables: -€22,380
- Tangible fixed assets -€6,767
down €6,767 (-34.7%), from €19,499 to €12,732
- Other debts +€17,134
up €17,134 (+222.6%), from €7,696 to €24,830
- Trade debts -€13,476
down €13,476 (-79.9%), from €16,863 to €3,387
- Profit (loss) carried forward +€12,144
up €12,144, from -€12,144 to €0
- Tax, wage and social debts -€2,137
down €2,137 (-19.5%), from €10,982 to €8,845
- Reserves +€1,710
up €1,710 (+3.8%), from €44,442 to €46,152
- Gross operating margin +€77,908
up €77,908, from -€33,190 to €44,718
- Financial charges +€1,494
up €1,494 (+37.3%), from €4,006 to €5,499
- Staff costs -€951
down €951 (-100.0%), from €951 to €0
- Other operating charges -€592
down €592 (-42.4%), from €1,397 to €804
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 | €69,839 | €86,585 | +€16,745 | +24.0% |
| Fixed assets | 21/28 | €19,499 | €12,732 | -€6,767 | -34.7% |
| Tangible fixed assets | 22/27 | €19,499 | €12,732 | -€6,767 | -34.7% |
| Plant, machinery and equipment | 23 | €19,499 | €12,732 | -€6,767 | -34.7% |
| Current assets | 29/58 | €50,341 | €73,853 | +€23,512 | +46.7% |
| Amounts receivable within one year | 40/41 | €36,658 | €23,991 | -€12,667 | -34.6% |
| Trade receivables | 40 | €35,980 | €13,600 | -€22,380 | -62.2% |
| Other amounts receivable | 41 | €678 | €10,391 | +€9,714 | +1432.9% |
| Current investments | 50/53 | €29 | €0 | -€29 | -100.0% |
| Cash at bank and in hand | 54/58 | €11,289 | €47,151 | +€35,862 | +317.7% |
| Deferred charges and accrued income | 490/1 | €2,365 | €2,710 | +€345 | +14.6% |
| Total equity and liabilities | 10/49 | €69,839 | €86,585 | +€16,745 | +24.0% |
| Equity | 10/15 | €34,298 | €48,152 | +€13,854 | +40.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €44,442 | €46,152 | +€1,710 | +3.8% |
| Distributable reserves | 133 | €44,442 | €46,152 | +€1,710 | +3.8% |
| Profit (loss) carried forward | 14 | -€12,144 | €0 | +€12,144 | |
| Amounts payable | 17/49 | €35,542 | €38,433 | +€2,891 | +8.1% |
| Amounts payable within one year | 42/48 | €35,542 | €37,062 | +€1,520 | +4.3% |
| Trade debts | 44 | €16,863 | €3,387 | -€13,476 | -79.9% |
| Suppliers | 440/4 | €16,863 | €3,387 | -€13,476 | -79.9% |
| Taxes, remuneration and social security | 45 | €10,982 | €8,845 | -€2,137 | -19.5% |
| Taxes | 450/3 | €10,982 | €8,845 | -€2,137 | -19.5% |
| Other amounts payable | 47/48 | €7,696 | €24,830 | +€17,134 | +222.6% |
| Accrued charges and deferred income | 492/3 | - | €1,371 | +€1,371 | |
| Remuneration, social security and pensions | 62 | €951 | €0 | -€951 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,541 | €6,767 | +€226 | +3.5% |
| Other operating charges | 640/8 | €1,397 | €804 | -€592 | -42.4% |
| Non-recurring operating charges | 66A | €3,105 | €0 | -€3,105 | -100.0% |
| Gross operating margin | 9900 | -€33,190 | €44,718 | +€77,908 | |
| Operating profit (loss) | 9901 | -€45,183 | €37,147 | +€82,330 | |
| Financial income | 75/76B | €76 | €0 | -€76 | -99.8% |
| Recurring financial income | 75 | €76 | €0 | -€76 | -99.8% |
| Financial charges | 65/66B | €4,006 | €5,499 | +€1,494 | +37.3% |
| Recurring financial charges | 65 | €4,006 | €5,499 | +€1,494 | +37.3% |
| Profit (loss) for the period before taxes | 9903 | -€49,113 | €31,647 | +€80,761 | |
| Income taxes | 67/77 | -€164 | €146 | +€310 | |
| Profit (loss) for the period | 9904 | -€48,949 | €31,501 | +€80,450 | |
| Profit (loss) for the period to be appropriated | 9905 | -€48,949 | €31,501 | +€80,450 |
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 9 October 2026 via checked.be.