ANDERMAAL: 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.
ANDERMAAL
Largest movements
- Cash -€3,257
down €3,257 (-38.1%), from €8,556 to €5,299
mainly Trade debts (-€3,910) and Receivables within one year (-€2,905)
- Receivables within one year +€2,905
up €2,905 (+439%), from €662 to €3,566
of which Trade receivables: +€2,625
- Trade debts -€3,910
down €3,910 (-99.6%), from €3,927 to €17
- Profit (loss) carried forward +€1,688
up €1,688 (+12.7%), from €13,267 to €14,956
- Other debts +€1,167
up €1,167 (+23.5%), from €4,976 to €6,144
- Tax, wage and social debts +€702
up €702 (+11.6%), from €6,048 to €6,750
of which Taxes: +€816
- Gross operating margin -€2,921
down €2,921 (-42.5%), from €6,878 to €3,957
- Taxes -€1,080
down €1,080 (-54.2%), from €1,992 to €912
- Financial charges +€164
up €164 (+146%), from €112 to €277
- Depreciation -€105
down €105 (-100%), from €105 to €0
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 | €29,219 | €28,866 | -€352 | -1.2% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €29,219 | €28,866 | -€352 | -1.2% |
| Amounts receivable within one year | 40/41 | €662 | €3,566 | +€2,905 | +439% |
| Trade receivables | 40 | €653 | €3,278 | +€2,625 | +402% |
| Other amounts receivable | 41 | €8 | €288 | +€280 | +3,423% |
| Current investments | 50/53 | €20,001 | €20,001 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €8,556 | €5,299 | -€3,257 | -38.1% |
| Total equity and liabilities | 10/49 | €29,219 | €28,866 | -€352 | -1.2% |
| Equity | 10/15 | €14,267 | €15,956 | +€1,688 | +11.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,267 | €14,956 | +€1,688 | +12.7% |
| Amounts payable | 17/49 | €14,951 | €12,910 | -€2,041 | -13.7% |
| Amounts payable within one year | 42/48 | €14,951 | €12,910 | -€2,041 | -13.7% |
| Trade debts | 44 | €3,927 | €17 | -€3,910 | -99.6% |
| Suppliers | 440/4 | €3,927 | €17 | -€3,910 | -99.6% |
| Taxes, remuneration and social security | 45 | €6,048 | €6,750 | +€702 | +11.6% |
| Taxes | 450/3 | €4,848 | €5,664 | +€816 | +16.8% |
| Remuneration and social security | 454/9 | €1,200 | €1,086 | -€114 | -9.5% |
| Other amounts payable | 47/48 | €4,976 | €6,144 | +€1,167 | +23.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €105 | €0 | -€105 | -100% |
| Other operating charges | 640/8 | €1,046 | €1,083 | +€38 | +3.6% |
| Gross operating margin | 9900 | €6,878 | €3,957 | -€2,921 | -42.5% |
| Operating profit (loss) | 9901 | €5,727 | €2,874 | -€2,853 | -49.8% |
| Financial income | 75/76B | €14 | €3 | -€11 | -76.8% |
| Recurring financial income | 75 | €14 | €3 | -€11 | -76.8% |
| Financial charges | 65/66B | €112 | €277 | +€164 | +146% |
| Recurring financial charges | 65 | €112 | €277 | +€164 | +146% |
| Profit (loss) for the period before taxes | 9903 | €5,629 | €2,600 | -€3,028 | -53.8% |
| Income taxes | 67/77 | €1,992 | €912 | -€1,080 | -54.2% |
| Profit (loss) for the period | 9904 | €3,637 | €1,688 | -€1,948 | -53.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,637 | €1,688 | -€1,948 | -53.6% |
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 16 October 2026 via checked.be.