ANDEK: 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.
ANDEK
Largest movements
- Receivables within one year -€19,987
down €19,987 (-4.9%), from €405,221 to €385,234
of which Trade receivables: -€26,803
- Tangible fixed assets +€13,961
up €13,961 (+161%), from €8,649 to €22,610
- Other debts -€17,870
down €17,870 (-34.0%), from €52,579 to €34,709
- Reserves +€13,033
up €13,033 (+8.7%), from €149,812 to €162,845
of which Distributable reserves: +€13,033
- Trade debts +€7,633
up €7,633 (+232%), from €3,292 to €10,925
- Tax, wage and social debts -€5,574
down €5,574 (-22.5%), from €24,809 to €19,235
- Gross operating margin +€3,757
up €3,757 (+11.9%), from €31,615 to €35,372
- Financial income -€3,375
down €3,375 (-15.7%), from €21,463 to €18,088
- Depreciation +€3,019
up €3,019 (+99.2%), from €3,044 to €6,063
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €414,012 | €411,232 | -€2,781 | -0.7% |
| Fixed assets | 21/28 | €8,649 | €22,610 | +€13,961 | +161% |
| Tangible fixed assets | 22/27 | €8,649 | €22,610 | +€13,961 | +161% |
| Furniture and vehicles | 24 | €8,649 | €22,610 | +€13,961 | +161% |
| Current assets | 29/58 | €405,363 | €388,622 | -€16,741 | -4.1% |
| Amounts receivable within one year | 40/41 | €405,221 | €385,234 | -€19,987 | -4.9% |
| Trade receivables | 40 | €70,044 | €43,241 | -€26,803 | -38.3% |
| Other amounts receivable | 41 | €335,177 | €341,994 | +€6,816 | +2.0% |
| Cash at bank and in hand | 54/58 | €142 | €3,388 | +€3,245 | +2,280% |
| Total equity and liabilities | 10/49 | €414,012 | €411,232 | -€2,781 | -0.7% |
| Equity | 10/15 | €333,329 | €346,362 | +€13,033 | +3.9% |
| Contributions | 10/11 | €12,600 | €12,600 | = | 0.0% |
| Reserves | 13 | €149,812 | €162,845 | +€13,033 | +8.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €147,952 | €160,985 | +€13,033 | +8.8% |
| Profit (loss) carried forward | 14 | €170,917 | €170,917 | = | 0.0% |
| Amounts payable | 17/49 | €80,683 | €64,869 | -€15,814 | -19.6% |
| Amounts payable within one year | 42/48 | €80,683 | €64,869 | -€15,814 | -19.6% |
| Financial debts | 43 | €3 | €0 | -€3 | -100% |
| Credit institutions | 430/8 | €3 | €0 | -€3 | -100% |
| Trade debts | 44 | €3,292 | €10,925 | +€7,633 | +232% |
| Suppliers | 440/4 | €3,292 | €10,925 | +€7,633 | +232% |
| Taxes, remuneration and social security | 45 | €24,809 | €19,235 | -€5,574 | -22.5% |
| Taxes | 450/3 | €24,809 | €19,235 | -€5,574 | -22.5% |
| Other amounts payable | 47/48 | €52,579 | €34,709 | -€17,870 | -34.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,044 | €6,063 | +€3,019 | +99.2% |
| Other operating charges | 640/8 | €1,520 | €1,474 | -€46 | -3.0% |
| Gross operating margin | 9900 | €31,615 | €35,372 | +€3,757 | +11.9% |
| Operating profit (loss) | 9901 | €27,051 | €27,835 | +€784 | +2.9% |
| Financial income | 75/76B | €21,463 | €18,088 | -€3,375 | -15.7% |
| Recurring financial income | 75 | €21,463 | €18,088 | -€3,375 | -15.7% |
| Financial charges | 65/66B | €627 | €681 | +€54 | +8.6% |
| Recurring financial charges | 65 | €627 | €681 | +€54 | +8.6% |
| Profit (loss) for the period before taxes | 9903 | €47,887 | €45,242 | -€2,645 | -5.5% |
| Income taxes | 67/77 | €7,228 | €7,209 | -€20 | -0.3% |
| Profit (loss) for the period | 9904 | €40,659 | €38,033 | -€2,626 | -6.5% |
| Profit (loss) for the period to be appropriated | 9905 | €40,659 | €38,033 | -€2,626 | -6.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.