anders construct: 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.
anders construct
Largest movements
- Cash +€423,182
up €423,182 (+172%), from €246,421 to €669,603
mainly Current investments (+€400,000) and Stocks and contracts (+€74,000)
- Current investments -€400,000
no longer reported in 2025 (was €400,000)
- Receivables within one year +€106,564
up €106,564 (+38.4%), from €277,639 to €384,203
of which Trade receivables: +€83,462
- Stocks and contracts -€74,000
down €74,000 (-34.5%), from €214,500 to €140,500
- Tangible fixed assets -€55,988
down €55,988 (-18.7%), from €298,617 to €242,630
of which Plant, machinery and equipment: -€31,855
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€128,528
down €128,528 (-55.3%), from €232,324 to €103,795
- Taxes -€36,740
down €36,740 (-87.8%), from €41,858 to €5,118
- Staff costs -€8,794
down €8,794 (-20.9%), from €42,135 to €33,341
- Financial income +€7,043
up €7,043 (+118%), from €5,970 to €13,012
- Depreciation +€4,085
up €4,085 (+7.0%), from €58,591 to €62,676
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 | €1,465,717 | €1,465,381 | -€337 | 0.0% |
| Fixed assets | 21/28 | €326,359 | €270,372 | -€55,988 | -17.2% |
| Tangible fixed assets | 22/27 | €298,617 | €242,630 | -€55,988 | -18.7% |
| Land and buildings | 22 | €186,762 | €160,081 | -€26,680 | -14.3% |
| Plant, machinery and equipment | 23 | €107,474 | €75,619 | -€31,855 | -29.6% |
| Furniture and vehicles | 24 | €4,382 | €6,930 | +€2,548 | +58.1% |
| Financial fixed assets | 28 | €27,742 | €27,742 | = | 0.0% |
| Current assets | 29/58 | €1,139,358 | €1,195,009 | +€55,651 | +4.9% |
| Stocks and contracts in progress | 3 | €214,500 | €140,500 | -€74,000 | -34.5% |
| Contracts in progress | 37 | €214,500 | €140,500 | -€74,000 | -34.5% |
| Amounts receivable within one year | 40/41 | €277,639 | €384,203 | +€106,564 | +38.4% |
| Trade receivables | 40 | €112,954 | €196,416 | +€83,462 | +73.9% |
| Other amounts receivable | 41 | €164,684 | €187,787 | +€23,103 | +14.0% |
| Current investments | 50/53 | €400,000 | - | -€400,000 | |
| Cash at bank and in hand | 54/58 | €246,421 | €669,603 | +€423,182 | +172% |
| Deferred charges and accrued income | 490/1 | €798 | €703 | -€96 | -12.0% |
| Total equity and liabilities | 10/49 | €1,465,717 | €1,465,381 | -€337 | 0.0% |
| Equity | 10/15 | €1,317,745 | €1,328,192 | +€10,448 | +0.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,262,250 | €1,272,250 | +€10,000 | +0.8% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €1,243,500 | €1,253,500 | +€10,000 | +0.8% |
| Profit (loss) carried forward | 14 | €35,495 | €35,942 | +€448 | +1.3% |
| Amounts payable | 17/49 | €147,973 | €137,189 | -€10,784 | -7.3% |
| Amounts payable within one year | 42/48 | €146,076 | €137,189 | -€8,888 | -6.1% |
| Trade debts | 44 | €138,780 | €127,916 | -€10,865 | -7.8% |
| Suppliers | 440/4 | €138,780 | €127,916 | -€10,865 | -7.8% |
| Taxes, remuneration and social security | 45 | €3,645 | €3,779 | +€133 | +3.7% |
| Taxes | 450/3 | €1,313 | €44 | -€1,270 | -96.7% |
| Remuneration and social security | 454/9 | €2,332 | €3,735 | +€1,403 | +60.2% |
| Other amounts payable | 47/48 | €3,651 | €5,494 | +€1,843 | +50.5% |
| Accrued charges and deferred income | 492/3 | €1,896 | - | -€1,896 | |
| Remuneration, social security and pensions | 62 | €42,135 | €33,341 | -€8,794 | -20.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,591 | €62,676 | +€4,085 | +7.0% |
| Other operating charges | 640/8 | €4,001 | €4,023 | +€22 | +0.6% |
| Gross operating margin | 9900 | €232,324 | €103,795 | -€128,528 | -55.3% |
| Operating profit (loss) | 9901 | €127,597 | €3,756 | -€123,841 | -97.1% |
| Financial income | 75/76B | €5,970 | €13,012 | +€7,043 | +118% |
| Recurring financial income | 75 | €5,970 | €13,012 | +€7,043 | +118% |
| Financial charges | 65/66B | €2,400 | €1,203 | -€1,197 | -49.9% |
| Recurring financial charges | 65 | €2,400 | €1,203 | -€1,197 | -49.9% |
| Profit (loss) for the period before taxes | 9903 | €131,166 | €15,566 | -€115,601 | -88.1% |
| Income taxes | 67/77 | €41,858 | €5,118 | -€36,740 | -87.8% |
| Profit (loss) for the period | 9904 | €89,309 | €10,448 | -€78,861 | -88.3% |
| Profit (loss) for the period to be appropriated | 9905 | €89,309 | €10,448 | -€78,861 | -88.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.