ANDO: 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.
ANDO
Largest movements
- Cash -€29,461
down €29,461 (-33.5%), from €87,902 to €58,441
mainly Contributions, distributions and other (-€82,600) and Deferred charges and accrued income (-€14,218)
- Tangible fixed assets -€22,521
down €22,521 (-31.0%), from €72,557 to €50,036
of which Leasing and similar rights: -€15,462
- Deferred charges and accrued income +€14,218
up €14,218 (+1294.3%), from €1,098 to €15,316
- Current investments +€12,000
up €12,000 (+31.0%), from €38,666 to €50,666
- Reserves -€35,690
down €35,690 (-27.8%), from €128,300 to €92,609
of which Distributable reserves: -€33,830
- Other debts +€12,803
up €12,803, from €0 to €12,803
- Contributions +€12,400
up €12,400 (+200.0%), from €6,200 to €18,600
- Debts after one year -€10,711
down €10,711 (-26.1%), from €41,098 to €30,386
- Trade debts -€5,808
down €5,808 (-97.5%), from €5,959 to €151
- Gross operating margin +€42,224
up €42,224 (+82.0%), from €51,515 to €93,740
- Taxes +€11,700
up €11,700 (+201.4%), from €5,808 to €17,508
- Financial income +€7,179
up €7,179 (+2317.3%), from €310 to €7,489
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 | €203,667 | €177,791 | -€25,876 | -12.7% |
| Fixed assets | 21/28 | €72,557 | €50,036 | -€22,521 | -31.0% |
| Tangible fixed assets | 22/27 | €72,557 | €50,036 | -€22,521 | -31.0% |
| Furniture and vehicles | 24 | €18,377 | €11,318 | -€7,059 | -38.4% |
| Leasing and similar rights | 25 | €54,180 | €38,718 | -€15,462 | -28.5% |
| Current assets | 29/58 | €131,110 | €127,755 | -€3,355 | -2.6% |
| Amounts receivable within one year | 40/41 | €3,443 | €3,332 | -€111 | -3.2% |
| Trade receivables | 40 | - | €3,332 | +€3,332 | |
| Other amounts receivable | 41 | €3,443 | €0 | -€3,443 | -100.0% |
| Current investments | 50/53 | €38,666 | €50,666 | +€12,000 | +31.0% |
| Cash at bank and in hand | 54/58 | €87,902 | €58,441 | -€29,461 | -33.5% |
| Deferred charges and accrued income | 490/1 | €1,098 | €15,316 | +€14,218 | +1294.3% |
| Total equity and liabilities | 10/49 | €203,667 | €177,791 | -€25,876 | -12.7% |
| Equity | 10/15 | €134,500 | €111,209 | -€23,290 | -17.3% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200.0% |
| Reserves | 13 | €128,300 | €92,609 | -€35,690 | -27.8% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Distributable reserves | 133 | €126,440 | €92,609 | -€33,830 | -26.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €69,168 | €66,582 | -€2,586 | -3.7% |
| Amounts payable after more than one year | 17 | €41,098 | €30,386 | -€10,711 | -26.1% |
| Financial debts | 170/4 | €41,098 | €30,386 | -€10,711 | -26.1% |
| Amounts payable within one year | 42/48 | €28,070 | €36,195 | +€8,125 | +28.9% |
| Current portion of amounts payable after more than one year | 42 | €10,548 | €10,711 | +€164 | +1.6% |
| Trade debts | 44 | €5,959 | €151 | -€5,808 | -97.5% |
| Suppliers | 440/4 | €5,959 | €151 | -€5,808 | -97.5% |
| Taxes, remuneration and social security | 45 | €11,563 | €12,530 | +€967 | +8.4% |
| Taxes | 450/3 | €9,413 | €10,380 | +€967 | +10.3% |
| Remuneration and social security | 454/9 | €2,150 | €2,150 | = | 0.0% |
| Other amounts payable | 47/48 | €0 | €12,803 | +€12,803 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,055 | €22,521 | +€466 | +2.1% |
| Other operating charges | 640/8 | €858 | €936 | +€78 | +9.1% |
| Gross operating margin | 9900 | €51,515 | €93,740 | +€42,224 | +82.0% |
| Operating profit (loss) | 9901 | €28,602 | €70,282 | +€41,680 | +145.7% |
| Financial income | 75/76B | €310 | €7,489 | +€7,179 | +2317.3% |
| Recurring financial income | 75 | €310 | €7,489 | +€7,179 | +2317.3% |
| Financial charges | 65/66B | €941 | €954 | +€13 | +1.4% |
| Recurring financial charges | 65 | €941 | €954 | +€13 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | €27,971 | €76,818 | +€48,846 | +174.6% |
| Income taxes | 67/77 | €5,808 | €17,508 | +€11,700 | +201.4% |
| Profit (loss) for the period | 9904 | €22,163 | €59,310 | +€37,147 | +167.6% |
| Profit (loss) for the period to be appropriated | 9905 | €22,163 | €59,310 | +€37,147 | +167.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.