ANDINO: 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.
ANDINO
Largest movements
- Cash -€18,775
down €18,775 (-39.8%), from €47,200 to €28,425
mainly Trade debts (-€29,727) and Current portion of long-term debt (-€4,573)
- Receivables within one year -€12,825
down €12,825 (-13.1%), from €97,898 to €85,073
of which Trade receivables: -€8,397
- Tangible fixed assets -€3,276
down €3,276 (-51.6%), from €6,354 to €3,078
- Trade debts -€29,727
down €29,727 (-56.8%), from €52,315 to €22,588
of which Suppliers: -€37,986
- Current portion of long-term debt -€4,573
no longer reported in 2025 (was €4,573)
- Profit (loss) carried forward +€2,062
up €2,062 (+1.9%), from €106,983 to €109,045
- Turnover -€332,053
down €332,053 (-20.5%), from €1.6m to €1.3m
- Purchases and services -€312,029
down €312,029 (-20.7%), from €1.5m to €1.2m
- Gross operating margin -€20,024
down €20,024 (-17.4%), from €115,155 to €95,131
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 | €195,366 | €162,891 | -€32,475 | -16.6% |
| Fixed assets | 21/28 | €6,862 | €3,586 | -€3,276 | -47.7% |
| Tangible fixed assets | 22/27 | €6,354 | €3,078 | -€3,276 | -51.6% |
| Furniture and vehicles | 24 | €6,354 | €3,078 | -€3,276 | -51.6% |
| Financial fixed assets | 28 | €508 | €508 | = | 0.0% |
| Current assets | 29/58 | €188,504 | €159,305 | -€29,200 | -15.5% |
| Amounts receivable after more than one year | 29 | €4,406 | €4,406 | = | 0.0% |
| Other amounts receivable | 291 | €4,406 | €4,406 | = | 0.0% |
| Stocks and contracts in progress | 3 | €39,000 | €40,500 | +€1,500 | +3.8% |
| Stocks | 30/36 | €39,000 | €40,500 | +€1,500 | +3.8% |
| Amounts receivable within one year | 40/41 | €97,898 | €85,073 | -€12,825 | -13.1% |
| Trade receivables | 40 | €89,340 | €80,943 | -€8,397 | -9.4% |
| Other amounts receivable | 41 | €8,558 | €4,130 | -€4,428 | -51.7% |
| Cash at bank and in hand | 54/58 | €47,200 | €28,425 | -€18,775 | -39.8% |
| Deferred charges and accrued income | 490/1 | - | €900 | +€900 | |
| Total equity and liabilities | 10/49 | €195,366 | €162,891 | -€32,475 | -16.6% |
| Equity | 10/15 | €127,443 | €129,505 | +€2,062 | +1.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €106,983 | €109,045 | +€2,062 | +1.9% |
| Amounts payable | 17/49 | €67,923 | €33,385 | -€34,537 | -50.8% |
| Amounts payable within one year | 42/48 | €67,923 | €33,385 | -€34,537 | -50.8% |
| Current portion of amounts payable after more than one year | 42 | €4,573 | - | -€4,573 | |
| Trade debts | 44 | €52,315 | €22,588 | -€29,727 | -56.8% |
| Suppliers | 440/4 | €41,182 | €3,197 | -€37,986 | -92.2% |
| Bills of exchange payable | 441 | €11,133 | €19,391 | +€8,258 | +74.2% |
| Taxes, remuneration and social security | 45 | €1,885 | €2,949 | +€1,064 | +56.5% |
| Taxes | 450/3 | - | €710 | +€710 | |
| Remuneration and social security | 454/9 | €1,885 | €2,239 | +€355 | +18.8% |
| Other amounts payable | 47/48 | €9,150 | €7,848 | -€1,302 | -14.2% |
| Turnover | 70 | €1,621,909 | €1,289,856 | -€332,053 | -20.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,506,755 | €1,194,726 | -€312,029 | -20.7% |
| Remuneration, social security and pensions | 62 | €30,970 | €32,578 | +€1,608 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,474 | €3,276 | -€198 | -5.7% |
| Other operating charges | 640/8 | €5,255 | €1,109 | -€4,146 | -78.9% |
| Gross operating margin | 9900 | €115,155 | €95,131 | -€20,024 | -17.4% |
| Operating profit (loss) | 9901 | €75,456 | €58,169 | -€17,287 | -22.9% |
| Financial income | 75/76B | €13 | €27 | +€14 | +103.5% |
| Recurring financial income | 75 | €13 | €27 | +€14 | +103.5% |
| Financial charges | 65/66B | €70,353 | €55,519 | -€14,834 | -21.1% |
| Recurring financial charges | 65 | €70,353 | €55,519 | -€14,834 | -21.1% |
| Profit (loss) for the period before taxes | 9903 | €5,117 | €2,677 | -€2,440 | -47.7% |
| Income taxes | 67/77 | €1,260 | €615 | -€645 | -51.2% |
| Profit (loss) for the period | 9904 | €3,857 | €2,062 | -€1,795 | -46.5% |
| Profit (loss) for the period to be appropriated | 9905 | €3,857 | €2,062 | -€1,795 | -46.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.