ANDIKO: 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.
ANDIKO
Largest movements
- Tangible fixed assets -€85,730
down €85,730 (-6.4%), from €1.3m to €1.2m
of which Land and buildings: -€85,325
- Debts after one year -€90,234
down €90,234 (-7.4%), from €1.2m to €1.1m
- Other debts +€59,981
up €59,981 (+10.2%), from €586,282 to €646,263
- Profit (loss) carried forward -€45,267
down €45,267 (-64.5%), from -€70,183 to -€115,450
- Financial charges -€17,442
down €17,442 (-25.5%), from €68,435 to €50,993
- Gross operating margin +€9,793
up €9,793 (+10.2%), from €95,813 to €105,606
- Other operating charges +€2,311
up €2,311 (+17.7%), from €13,044 to €15,355
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 | €2,013,547 | €1,930,516 | -€83,031 | -4.1% |
| Fixed assets | 21/28 | €1,330,022 | €1,244,292 | -€85,730 | -6.4% |
| Tangible fixed assets | 22/27 | €1,330,022 | €1,244,292 | -€85,730 | -6.4% |
| Land and buildings | 22 | €1,328,145 | €1,242,821 | -€85,325 | -6.4% |
| Plant, machinery and equipment | 23 | €134 | - | -€134 | |
| Furniture and vehicles | 24 | €1,743 | €1,471 | -€272 | -15.6% |
| Current assets | 29/58 | €683,525 | €686,224 | +€2,699 | +0.4% |
| Stocks and contracts in progress | 3 | €557,083 | €557,083 | = | 0.0% |
| Stocks | 30/36 | €557,083 | €557,083 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €118,324 | €125,336 | +€7,012 | +5.9% |
| Trade receivables | 40 | - | €2,870 | +€2,870 | |
| Other amounts receivable | 41 | €118,324 | €122,466 | +€4,141 | +3.5% |
| Cash at bank and in hand | 54/58 | €4,528 | €3,805 | -€723 | -16.0% |
| Deferred charges and accrued income | 490/1 | €3,589 | - | -€3,589 | |
| Total equity and liabilities | 10/49 | €2,013,547 | €1,930,516 | -€83,031 | -4.1% |
| Equity | 10/15 | €147,413 | €102,146 | -€45,267 | -30.7% |
| Contributions | 10/11 | €109,073 | €109,073 | = | 0.0% |
| Reserves | 13 | €108,523 | €108,523 | = | 0.0% |
| Distributable reserves | 133 | €108,523 | €108,523 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€70,183 | -€115,450 | -€45,267 | -64.5% |
| Amounts payable | 17/49 | €1,866,133 | €1,828,370 | -€37,763 | -2.0% |
| Amounts payable after more than one year | 17 | €1,212,737 | €1,122,503 | -€90,234 | -7.4% |
| Financial debts | 170/4 | €1,212,737 | €1,122,503 | -€90,234 | -7.4% |
| Amounts payable within one year | 42/48 | €653,208 | €705,867 | +€52,659 | +8.1% |
| Current portion of amounts payable after more than one year | 42 | €56,802 | €56,734 | -€68 | -0.1% |
| Trade debts | 44 | €10,124 | €2,870 | -€7,255 | -71.7% |
| Suppliers | 440/4 | €10,124 | €2,870 | -€7,255 | -71.7% |
| Other amounts payable | 47/48 | €586,282 | €646,263 | +€59,981 | +10.2% |
| Accrued charges and deferred income | 492/3 | €188 | - | -€188 | |
| Non-recurring operating income | 76A | €2,228 | - | -€2,228 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,526 | €88,696 | +€170 | +0.2% |
| Other operating charges | 640/8 | €13,044 | €15,355 | +€2,311 | +17.7% |
| Gross operating margin | 9900 | €95,813 | €105,606 | +€9,793 | +10.2% |
| Operating profit (loss) | 9901 | -€5,757 | €1,555 | +€7,312 | |
| Financial income | 75/76B | €4,009 | €4,171 | +€162 | +4.0% |
| Recurring financial income | 75 | €4,009 | €4,171 | +€162 | +4.0% |
| Financial charges | 65/66B | €68,435 | €50,993 | -€17,442 | -25.5% |
| Recurring financial charges | 65 | €68,435 | €50,993 | -€17,442 | -25.5% |
| Profit (loss) for the period before taxes | 9903 | -€70,183 | -€45,267 | +€24,916 | +35.5% |
| Profit (loss) for the period | 9904 | -€70,183 | -€45,267 | +€24,916 | +35.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€70,183 | -€45,267 | +€24,916 | +35.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.