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 +€9,413
up €9,413 (+11.4%), from €82,803 to €92,216
mainly Net result for the year (+€10,660) and Depreciation (+€1,056)
- Receivables within one year +€1,690
up €1,690 (+18.1%), from €9,316 to €11,006
of which Other amounts receivable: +€5,366
- Reserves +€10,660
up €10,660 (+18.9%), from €56,356 to €67,016
- Gross operating margin -€14,118
down €14,118 (-44.2%), from €31,940 to €17,823
- Taxes -€2,160
down €2,160 (-30.0%), from €7,207 to €5,047
- Other operating charges +€436
up €436 (+22.8%), from €1,915 to €2,351
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.
Derived cash bridge
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 | €118,920 | €130,476 | +€11,555 | +9.7% |
| Fixed assets | 21/28 | €1,939 | €883 | -€1,056 | -54.5% |
| Tangible fixed assets | 22/27 | €1,939 | €883 | -€1,056 | -54.5% |
| Plant, machinery and equipment | 23 | €703 | €447 | -€256 | -36.4% |
| Furniture and vehicles | 24 | €1,236 | €436 | -€800 | -64.7% |
| Current assets | 29/58 | €116,981 | €129,593 | +€12,611 | +10.8% |
| Stocks and contracts in progress | 3 | €20,950 | €21,811 | +€861 | +4.1% |
| Stocks | 30/36 | €20,950 | €21,811 | +€861 | +4.1% |
| Amounts receivable within one year | 40/41 | €9,316 | €11,006 | +€1,690 | +18.1% |
| Trade receivables | 40 | €8,713 | €5,038 | -€3,675 | -42.2% |
| Other amounts receivable | 41 | €602 | €5,968 | +€5,366 | +891% |
| Cash at bank and in hand | 54/58 | €82,803 | €92,216 | +€9,413 | +11.4% |
| Deferred charges and accrued income | 490/1 | €3,913 | €4,560 | +€647 | +16.5% |
| Total equity and liabilities | 10/49 | €118,920 | €130,476 | +€11,555 | +9.7% |
| Equity | 10/15 | €111,356 | €122,016 | +€10,660 | +9.6% |
| Contributions | 10/11 | €55,000 | €55,000 | = | 0.0% |
| Reserves | 13 | €56,356 | €67,016 | +€10,660 | +18.9% |
| Distributable reserves | 133 | €56,356 | €67,016 | +€10,660 | +18.9% |
| Amounts payable | 17/49 | €7,564 | €8,459 | +€895 | +11.8% |
| Amounts payable within one year | 42/48 | €7,564 | €8,459 | +€895 | +11.8% |
| Trade debts | 44 | €3,351 | €4,131 | +€779 | +23.3% |
| Suppliers | 440/4 | €3,351 | €4,131 | +€779 | +23.3% |
| Taxes, remuneration and social security | 45 | €655 | €655 | = | 0.0% |
| Taxes | 450/3 | €655 | €655 | = | 0.0% |
| Other amounts payable | 47/48 | €3,557 | €3,673 | +€116 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,163 | €1,056 | -€107 | -9.2% |
| Other operating charges | 640/8 | €1,915 | €2,351 | +€436 | +22.8% |
| Gross operating margin | 9900 | €31,940 | €17,823 | -€14,118 | -44.2% |
| Operating profit (loss) | 9901 | €28,862 | €14,416 | -€14,446 | -50.1% |
| Financial income | 75/76B | €1,612 | €1,347 | -€265 | -16.4% |
| Recurring financial income | 75 | €1,612 | €1,347 | -€265 | -16.4% |
| Financial charges | 65/66B | €58 | €56 | -€2 | -2.8% |
| Recurring financial charges | 65 | €58 | €56 | -€2 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | €30,416 | €15,707 | -€14,710 | -48.4% |
| Income taxes | 67/77 | €7,207 | €5,047 | -€2,160 | -30.0% |
| Profit (loss) for the period | 9904 | €23,210 | €10,660 | -€12,550 | -54.1% |
| Profit (loss) for the period to be appropriated | 9905 | €23,210 | €10,660 | -€12,550 | -54.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.