ANDEMEUBEL: 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.
ANDEMEUBEL
Largest movements
- Stocks and contracts +€31,549
up €31,549 (+94.9%), from €33,255 to €64,804
of which Contracts in progress: +€21,932
- Other debts -€13,777
down €13,777 (-71.0%), from €19,414 to €5,637
- Reserves +€10,809
up €10,809 (+4.9%), from €222,215 to €233,024
of which Distributable reserves: +€12,669
- Current portion of long-term debt +€10,100
up €10,100 (+60.6%), from €16,666 to €26,765
- Debts after one year +€8,668
up €8,668 (+14.5%), from €59,943 to €68,611
- Trade debts +€5,833
up €5,833 (+7.5%), from €77,743 to €83,576
- Gross operating margin +€35,274
up €35,274 (+34.6%), from €102,007 to €137,280
- Staff costs +€26,384
up €26,384 (+61.6%), from €42,827 to €69,211
- Depreciation +€21,227
up €21,227 (+99.6%), from €21,314 to €42,540
- Taxes -€4,486
down €4,486 (-36.7%), from €12,239 to €7,753
- Financial income -€2,114
down €2,114 (-69.5%), from €3,040 to €926
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 | €421,971 | €443,456 | +€21,485 | +5.1% |
| Fixed assets | 21/28 | €195,445 | €192,963 | -€2,482 | -1.3% |
| Tangible fixed assets | 22/27 | €195,265 | €192,783 | -€2,482 | -1.3% |
| Land and buildings | 22 | €9,550 | €8,835 | -€715 | -7.5% |
| Plant, machinery and equipment | 23 | €35,585 | €27,555 | -€8,030 | -22.6% |
| Furniture and vehicles | 24 | €117,824 | €127,444 | +€9,621 | +8.2% |
| Other tangible fixed assets | 26 | €32,306 | €28,949 | -€3,357 | -10.4% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €226,526 | €250,493 | +€23,967 | +10.6% |
| Stocks and contracts in progress | 3 | €33,255 | €64,804 | +€31,549 | +94.9% |
| Stocks | 30/36 | €33,255 | €42,872 | +€9,617 | +28.9% |
| Contracts in progress | 37 | €0 | €21,932 | +€21,932 | |
| Amounts receivable within one year | 40/41 | €69,037 | €65,745 | -€3,292 | -4.8% |
| Trade receivables | 40 | €56,002 | €48,154 | -€7,848 | -14.0% |
| Other amounts receivable | 41 | €13,036 | €17,591 | +€4,556 | +34.9% |
| Cash at bank and in hand | 54/58 | €117,176 | €114,981 | -€2,195 | -1.9% |
| Deferred charges and accrued income | 490/1 | €7,058 | €4,962 | -€2,095 | -29.7% |
| Total equity and liabilities | 10/49 | €421,971 | €443,456 | +€21,485 | +5.1% |
| Equity | 10/15 | €240,815 | €251,624 | +€10,809 | +4.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €222,215 | €233,024 | +€10,809 | +4.9% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Tax-exempt reserves | 132 | €185 | €185 | = | 0.0% |
| Distributable reserves | 133 | €220,170 | €232,839 | +€12,669 | +5.8% |
| Amounts payable | 17/49 | €181,156 | €191,832 | +€10,676 | +5.9% |
| Amounts payable after more than one year | 17 | €59,943 | €68,611 | +€8,668 | +14.5% |
| Financial debts | 170/4 | €59,943 | €68,611 | +€8,668 | +14.5% |
| Amounts payable within one year | 42/48 | €121,213 | €123,221 | +€2,008 | +1.7% |
| Current portion of amounts payable after more than one year | 42 | €16,666 | €26,765 | +€10,100 | +60.6% |
| Trade debts | 44 | €77,743 | €83,576 | +€5,833 | +7.5% |
| Suppliers | 440/4 | €77,743 | €83,576 | +€5,833 | +7.5% |
| Taxes, remuneration and social security | 45 | €7,391 | €7,243 | -€148 | -2.0% |
| Taxes | 450/3 | €309 | €0 | -€309 | -100% |
| Remuneration and social security | 454/9 | €7,082 | €7,243 | +€161 | +2.3% |
| Other amounts payable | 47/48 | €19,414 | €5,637 | -€13,777 | -71.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €10,909 | €0 | -€10,909 | -100% |
| Remuneration, social security and pensions | 62 | €42,827 | €69,211 | +€26,384 | +61.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,314 | €42,540 | +€21,227 | +99.6% |
| Other operating charges | 640/8 | €3,820 | €3,590 | -€230 | -6.0% |
| Gross operating margin | 9900 | €102,007 | €137,280 | +€35,274 | +34.6% |
| Operating profit (loss) | 9901 | €34,046 | €21,939 | -€12,107 | -35.6% |
| Financial income | 75/76B | €3,040 | €926 | -€2,114 | -69.5% |
| Recurring financial income | 75 | €3,040 | €926 | -€2,114 | -69.5% |
| Financial charges | 65/66B | €3,284 | €4,303 | +€1,019 | +31.0% |
| Recurring financial charges | 65 | €3,284 | €4,303 | +€1,019 | +31.0% |
| Profit (loss) for the period before taxes | 9903 | €33,802 | €18,562 | -€15,240 | -45.1% |
| Income taxes | 67/77 | €12,239 | €7,753 | -€4,486 | -36.7% |
| Profit (loss) for the period | 9904 | €21,563 | €10,809 | -€10,754 | -49.9% |
| Profit (loss) for the period to be appropriated | 9905 | €21,563 | €10,809 | -€10,754 | -49.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.