Andev Consult: 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.
Andev Consult
Largest movements
- Current investments +€125,000
new in 2025: €125,000
- Cash -€71,768
down €71,768 (-81.2%), from €88,400 to €16,632
mainly Current investments (-€125,000) and Contributions, distributions and other (-€26,240)
- Receivables within one year -€25,339
down €25,339 (-71.1%), from €35,624 to €10,286
of which Other amounts receivable: -€12,846
- Tangible fixed assets -€10,307
down €10,307 (-22.1%), from €46,622 to €36,316
- Other debts +€26,358
new in 2025: €26,358
- Tax, wage and social debts -€8,332
down €8,332 (-71.1%), from €11,711 to €3,379
of which Taxes: -€9,026
- Gross operating margin -€6,973
down €6,973 (-10.1%), from €69,386 to €62,412
- Taxes -€2,772
down €2,772 (-18.8%), from €14,783 to €12,010
- Other operating charges +€1,144
up €1,144 (+11.0%), from €10,380 to €11,524
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 | €170,647 | €188,233 | +€17,587 | +10.3% |
| Fixed assets | 21/28 | €46,622 | €36,316 | -€10,307 | -22.1% |
| Tangible fixed assets | 22/27 | €46,622 | €36,316 | -€10,307 | -22.1% |
| Land and buildings | 22 | €17,455 | €14,907 | -€2,548 | -14.6% |
| Plant, machinery and equipment | 23 | €1,120 | €141 | -€978 | -87.4% |
| Furniture and vehicles | 24 | €13,962 | €10,441 | -€3,522 | -25.2% |
| Other tangible fixed assets | 26 | €14,086 | €10,827 | -€3,259 | -23.1% |
| Current assets | 29/58 | €124,024 | €151,918 | +€27,893 | +22.5% |
| Amounts receivable within one year | 40/41 | €35,624 | €10,286 | -€25,339 | -71.1% |
| Trade receivables | 40 | €20,370 | €7,877 | -€12,493 | -61.3% |
| Other amounts receivable | 41 | €15,255 | €2,409 | -€12,846 | -84.2% |
| Current investments | 50/53 | - | €125,000 | +€125,000 | |
| Cash at bank and in hand | 54/58 | €88,400 | €16,632 | -€71,768 | -81.2% |
| Total equity and liabilities | 10/49 | €170,647 | €188,233 | +€17,587 | +10.3% |
| Equity | 10/15 | €158,327 | €157,987 | -€341 | -0.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €145,927 | €145,587 | -€341 | -0.2% |
| Distributable reserves | 133 | €145,927 | €145,587 | -€341 | -0.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €12,319 | €30,246 | +€17,927 | +145.5% |
| Amounts payable within one year | 42/48 | €12,319 | €30,246 | +€17,927 | +145.5% |
| Trade debts | 44 | €608 | €510 | -€98 | -16.2% |
| Suppliers | 440/4 | €608 | €510 | -€98 | -16.2% |
| Taxes, remuneration and social security | 45 | €11,711 | €3,379 | -€8,332 | -71.1% |
| Taxes | 450/3 | €11,711 | €2,685 | -€9,026 | -77.1% |
| Remuneration and social security | 454/9 | - | €694 | +€694 | |
| Other amounts payable | 47/48 | - | €26,358 | +€26,358 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,674 | €10,307 | -€367 | -3.4% |
| Other operating charges | 640/8 | €10,380 | €11,524 | +€1,144 | +11.0% |
| Gross operating margin | 9900 | €69,386 | €62,412 | -€6,973 | -10.1% |
| Operating profit (loss) | 9901 | €48,332 | €40,582 | -€7,750 | -16.0% |
| Financial income | 75/76B | €462 | €442 | -€20 | -4.3% |
| Recurring financial income | 75 | €462 | €442 | -€20 | -4.3% |
| Financial charges | 65/66B | €3,321 | €3,114 | -€207 | -6.2% |
| Recurring financial charges | 65 | €3,321 | €3,114 | -€207 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | €45,472 | €37,910 | -€7,563 | -16.6% |
| Income taxes | 67/77 | €14,783 | €12,010 | -€2,772 | -18.8% |
| Profit (loss) for the period | 9904 | €30,690 | €25,899 | -€4,790 | -15.6% |
| Profit (loss) for the period to be appropriated | 9905 | €30,690 | €25,899 | -€4,790 | -15.6% |
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 12 October 2026 via checked.be.