Andl: 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.
Andl
Largest movements
- Current investments +€300,000
new in 2025: €300,000
- Cash -€201,561
down €201,561 (-82.4%), from €244,613 to €43,052
mainly Current investments (-€300,000) and Contributions, distributions and other (-€29,412)
- Receivables within one year -€25,202
down €25,202 (-54.0%), from €46,683 to €21,481
of which Trade receivables: -€21,087
- Reserves +€72,574
up €72,574 (+25.0%), from €289,836 to €362,410
- Gross operating margin +€57,186
up €57,186 (+75.2%), from €76,064 to €133,250
- Taxes +€13,629
up €13,629 (+91.1%), from €14,964 to €28,594
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 | €294,377 | €366,967 | +€72,590 | +24.7% |
| Fixed assets | 21/28 | €2,000 | €1,029 | -€970 | -48.5% |
| Tangible fixed assets | 22/27 | €2,000 | €1,029 | -€970 | -48.5% |
| Furniture and vehicles | 24 | €2,000 | €1,029 | -€970 | -48.5% |
| Current assets | 29/58 | €292,377 | €365,937 | +€73,560 | +25.2% |
| Amounts receivable within one year | 40/41 | €46,683 | €21,481 | -€25,202 | -54.0% |
| Trade receivables | 40 | €39,600 | €18,513 | -€21,087 | -53.3% |
| Other amounts receivable | 41 | €7,083 | €2,968 | -€4,115 | -58.1% |
| Current investments | 50/53 | - | €300,000 | +€300,000 | |
| Cash at bank and in hand | 54/58 | €244,613 | €43,052 | -€201,561 | -82.4% |
| Deferred charges and accrued income | 490/1 | €1,082 | €1,404 | +€323 | +29.9% |
| Total equity and liabilities | 10/49 | €294,377 | €366,967 | +€72,590 | +24.7% |
| Equity | 10/15 | €292,836 | €365,410 | +€72,574 | +24.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €289,836 | €362,410 | +€72,574 | +25.0% |
| Distributable reserves | 133 | €289,836 | €362,410 | +€72,574 | +25.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,541 | €1,557 | +€16 | +1.1% |
| Amounts payable within one year | 42/48 | €1,448 | €1,462 | +€14 | +0.9% |
| Trade debts | 44 | €1,395 | €1,397 | +€2 | +0.2% |
| Suppliers | 440/4 | €1,395 | €1,397 | +€2 | +0.2% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €53 | €65 | +€12 | +21.6% |
| Accrued charges and deferred income | 492/3 | €93 | €95 | +€2 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,600 | €2,327 | -€273 | -10.5% |
| Other operating charges | 640/8 | €1,287 | €1,508 | +€221 | +17.1% |
| Gross operating margin | 9900 | €76,064 | €133,250 | +€57,186 | +75.2% |
| Operating profit (loss) | 9901 | €72,176 | €129,415 | +€57,239 | +79.3% |
| Financial income | 75/76B | €0 | €1,321 | +€1,321 | |
| Recurring financial income | 75 | €0 | €1,321 | +€1,321 | |
| Financial charges | 65/66B | €153 | €158 | +€4 | +2.8% |
| Recurring financial charges | 65 | €153 | €158 | +€4 | +2.8% |
| Profit (loss) for the period before taxes | 9903 | €72,023 | €130,579 | +€58,556 | +81.3% |
| Income taxes | 67/77 | €14,964 | €28,594 | +€13,629 | +91.1% |
| Profit (loss) for the period | 9904 | €57,059 | €101,985 | +€44,927 | +78.7% |
| Profit (loss) for the period to be appropriated | 9905 | €57,059 | €101,985 | +€44,927 | +78.7% |
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.