ANDIHUDE: what changed
Two fiscal 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.
ANDIHUDE
Largest movements
- Cash +€92,840
up €92,840 (+71.2%), from €130,458 to €223,298
mainly Net result for the year (+€114,550) and Receivables within one year (+€21,315)
- Current investments +€30,667
up €30,667 (+61.3%), from €50,000 to €80,667
- Receivables within one year -€21,315
down €21,315 (-87.6%), from €24,324 to €3,009
of which Trade receivables: -€18,259
- Reserves +€101,793
up €101,793 (+47.3%), from €215,347 to €317,140
- Other debts +€4,142
up €4,142 (+130.3%), from €3,179 to €7,320
- Gross operating margin +€119,190
up €119,190 (+255.5%), from €46,643 to €165,833
- Taxes +€36,565
up €36,565 (+300.7%), from €12,161 to €48,726
- Financial income +€1,956
up €1,956 (+145.4%), from €1,345 to €3,302
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 | €251,344 | €355,953 | +€104,609 | +41.6% |
| Fixed assets | 21/28 | €38,136 | €40,543 | +€2,408 | +6.3% |
| Tangible fixed assets | 22/27 | €2,136 | €4,543 | +€2,408 | +112.7% |
| Plant, machinery and equipment | 23 | €2,136 | €3,294 | +€1,159 | +54.3% |
| Furniture and vehicles | 24 | - | €1,249 | +€1,249 | |
| Financial fixed assets | 28 | €36,000 | €36,000 | = | 0.0% |
| Current assets | 29/58 | €213,208 | €315,409 | +€102,201 | +47.9% |
| Amounts receivable within one year | 40/41 | €24,324 | €3,009 | -€21,315 | -87.6% |
| Trade receivables | 40 | €21,267 | €3,009 | -€18,259 | -85.9% |
| Other amounts receivable | 41 | €3,056 | - | -€3,056 | |
| Current investments | 50/53 | €50,000 | €80,667 | +€30,667 | +61.3% |
| Cash at bank and in hand | 54/58 | €130,458 | €223,298 | +€92,840 | +71.2% |
| Deferred charges and accrued income | 490/1 | €8,426 | €8,435 | +€9 | +0.1% |
| Total equity and liabilities | 10/49 | €251,344 | €355,953 | +€104,609 | +41.6% |
| Equity | 10/15 | €233,947 | €335,740 | +€101,793 | +43.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €215,347 | €317,140 | +€101,793 | +47.3% |
| Distributable reserves | 133 | €215,347 | €317,140 | +€101,793 | +47.3% |
| Amounts payable | 17/49 | €17,397 | €20,212 | +€2,815 | +16.2% |
| Amounts payable within one year | 42/48 | €17,397 | €20,212 | +€2,815 | +16.2% |
| Financial debts | 43 | €130 | - | -€130 | |
| Credit institutions | 430/8 | €130 | - | -€130 | |
| Trade debts | 44 | €8,513 | €8,686 | +€173 | +2.0% |
| Suppliers | 440/4 | €8,513 | €8,686 | +€173 | +2.0% |
| Taxes, remuneration and social security | 45 | €5,575 | €4,206 | -€1,370 | -24.6% |
| Taxes | 450/3 | €5,575 | €4,206 | -€1,370 | -24.6% |
| Other amounts payable | 47/48 | €3,179 | €7,320 | +€4,142 | +130.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €163 | €450 | +€287 | +176.5% |
| Other operating charges | 640/8 | €1,420 | €1,023 | -€396 | -27.9% |
| Gross operating margin | 9900 | €46,643 | €165,833 | +€119,190 | +255.5% |
| Operating profit (loss) | 9901 | €45,061 | €164,360 | +€119,299 | +264.8% |
| Financial income | 75/76B | €1,345 | €3,302 | +€1,956 | +145.4% |
| Recurring financial income | 75 | €1,345 | €3,302 | +€1,956 | +145.4% |
| Financial charges | 65/66B | €3,889 | €4,386 | +€497 | +12.8% |
| Recurring financial charges | 65 | €3,889 | €4,386 | +€497 | +12.8% |
| Profit (loss) for the period before taxes | 9903 | €42,517 | €163,276 | +€120,759 | +284.0% |
| Income taxes | 67/77 | €12,161 | €48,726 | +€36,565 | +300.7% |
| Profit (loss) for the period | 9904 | €30,356 | €114,550 | +€84,194 | +277.4% |
| Profit (loss) for the period to be appropriated | 9905 | €30,356 | €114,550 | +€84,194 | +277.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.