ANDOCOR: 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.
ANDOCOR
Largest movements
- Intangible fixed assets +€1.1m
up €1.1m (+1672.9%), from €64,416 to €1.1m
- Stocks and contracts -€1.0m
down €1.0m (-37.7%), from €2.7m to €1.7m
- Receivables within one year -€854,111
down €854,111 (-28.4%), from €3.0m to €2.1m
of which Trade receivables: -€866,327
- Tangible fixed assets -€777,240
down €777,240 (-12.2%), from €6.4m to €5.6m
of which Leasing and similar rights: -€509,542
- Cash +€251,585
up €251,585 (+17.8%), from €1.4m to €1.7m
mainly Stocks and contracts (+€1.0m) and Depreciation (+€987,878)
- Other debts -€2.3m
down €2.3m (-89.3%), from €2.6m to €273,232
- Profit (loss) carried forward +€945,405
up €945,405 (+25.7%), from €3.7m to €4.6m
- Debts after one year -€676,400
down €676,400 (-12.2%), from €5.5m to €4.9m
- Trade debts +€621,095
up €621,095 (+89.8%), from €691,468 to €1.3m
- Gross operating margin -€759,131
down €759,131 (-15.2%), from €5.0m to €4.2m
- Depreciation +€129,607
up €129,607 (+15.1%), from €858,271 to €987,878
- Taxes +€123,493
up €123,493 (+158.5%), from €77,913 to €201,406
- Staff costs +€112,815
up €112,815 (+6.2%), from €1.8m to €1.9m
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 | €13,572,306 | €12,283,434 | -€1.3m | -9.5% |
| Fixed assets | 21/28 | €6,436,454 | €6,736,807 | +€300,353 | +4.7% |
| Intangible fixed assets | 21 | €64,416 | €1,142,009 | +€1.1m | +1672.9% |
| Tangible fixed assets | 22/27 | €6,354,685 | €5,577,445 | -€777,240 | -12.2% |
| Land and buildings | 22 | €50,014 | €45,294 | -€4,721 | -9.4% |
| Plant, machinery and equipment | 23 | €588,216 | €386,388 | -€201,828 | -34.3% |
| Furniture and vehicles | 24 | €245,157 | €184,007 | -€61,149 | -24.9% |
| Leasing and similar rights | 25 | €5,471,298 | €4,961,756 | -€509,542 | -9.3% |
| Financial fixed assets | 28 | €17,353 | €17,353 | = | 0.0% |
| Current assets | 29/58 | €7,135,851 | €5,546,627 | -€1.6m | -22.3% |
| Stocks and contracts in progress | 3 | €2,687,669 | €1,675,590 | -€1.0m | -37.7% |
| Stocks | 30/36 | €2,687,669 | €1,675,590 | -€1.0m | -37.7% |
| Amounts receivable within one year | 40/41 | €3,003,417 | €2,149,307 | -€854,111 | -28.4% |
| Trade receivables | 40 | €3,002,341 | €2,136,014 | -€866,327 | -28.9% |
| Other amounts receivable | 41 | €1,076 | €13,293 | +€12,216 | +1134.8% |
| Cash at bank and in hand | 54/58 | €1,413,278 | €1,664,863 | +€251,585 | +17.8% |
| Deferred charges and accrued income | 490/1 | €31,487 | €56,867 | +€25,380 | +80.6% |
| Total equity and liabilities | 10/49 | €13,572,306 | €12,283,434 | -€1.3m | -9.5% |
| Equity | 10/15 | €3,749,536 | €4,694,941 | +€945,405 | +25.2% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €8,655 | €8,655 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €2,458 | €2,458 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,678,907 | €4,624,312 | +€945,405 | +25.7% |
| Provisions and deferred taxes | 16 | €168,340 | €164,643 | -€3,697 | -2.2% |
| Provisions for liabilities and charges | 160/5 | €168,340 | €164,643 | -€3,697 | -2.2% |
| Other liabilities and charges | 164/5 | €168,340 | €164,643 | -€3,697 | -2.2% |
| Amounts payable | 17/49 | €9,654,430 | €7,423,850 | -€2.2m | -23.1% |
| Amounts payable after more than one year | 17 | €5,546,732 | €4,870,331 | -€676,400 | -12.2% |
| Financial debts | 170/4 | €5,546,732 | €4,870,331 | -€676,400 | -12.2% |
| Amounts payable within one year | 42/48 | €4,107,698 | €2,540,291 | -€1.6m | -38.2% |
| Current portion of amounts payable after more than one year | 42 | €671,442 | €668,407 | -€3,035 | -0.5% |
| Trade debts | 44 | €691,468 | €1,312,563 | +€621,095 | +89.8% |
| Suppliers | 440/4 | €691,468 | €1,312,563 | +€621,095 | +89.8% |
| Taxes, remuneration and social security | 45 | €185,006 | €286,090 | +€101,084 | +54.6% |
| Taxes | 450/3 | €131,655 | €233,919 | +€102,264 | +77.7% |
| Remuneration and social security | 454/9 | €53,351 | €52,171 | -€1,180 | -2.2% |
| Other amounts payable | 47/48 | €2,559,783 | €273,232 | -€2.3m | -89.3% |
| Accrued charges and deferred income | 492/3 | - | €13,228 | +€13,228 | |
| Remuneration, social security and pensions | 62 | €1,818,125 | €1,930,939 | +€112,815 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €858,271 | €987,878 | +€129,607 | +15.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€1,873 | -€3,697 | -€1,825 | -97.4% |
| Other operating charges | 640/8 | €2,217 | €700 | -€1,518 | -68.5% |
| Gross operating margin | 9900 | €4,979,455 | €4,220,323 | -€759,131 | -15.2% |
| Operating profit (loss) | 9901 | €2,302,714 | €1,304,504 | -€998,210 | -43.3% |
| Financial income | 75/76B | €26,810 | €34,010 | +€7,200 | +26.9% |
| Recurring financial income | 75 | €26,810 | €21,490 | -€5,320 | -19.8% |
| Non-recurring financial income | 76B | - | €12,520 | +€12,520 | |
| Financial charges | 65/66B | €164,884 | €191,703 | +€26,819 | +16.3% |
| Recurring financial charges | 65 | €164,884 | €191,703 | +€26,819 | +16.3% |
| Profit (loss) for the period before taxes | 9903 | €2,164,640 | €1,146,811 | -€1.0m | -47.0% |
| Income taxes | 67/77 | €77,913 | €201,406 | +€123,493 | +158.5% |
| Profit (loss) for the period | 9904 | €2,086,727 | €945,405 | -€1.1m | -54.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,086,727 | €945,405 | -€1.1m | -54.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.