Andofin: 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.
Andofin
Largest movements
- Current investments +€50,698
up €50,698 (+90.5%), from €56,000 to €106,698
- Financial fixed assets +€10,796
up €10,796 (+108%), from €10,000 to €20,796
- Receivables within one year -€8,790
down €8,790 (-42.4%), from €20,732 to €11,941
- Deferred charges and accrued income +€2,496
up €2,496 (+219%), from €1,139 to €3,635
- Cash +€1,679
up €1,679 (+484%), from €347 to €2,026
mainly Net result for the year (+€63,371) and Receivables within one year (+€8,790)
- Reserves +€63,371
up €63,371 (+108%), from €58,557 to €121,928
- Other debts -€11,394
down €11,394 (-99.3%), from €11,474 to €80
- Tax, wage and social debts +€5,351
up €5,351 (+30.2%), from €17,730 to €23,081
- Gross operating margin +€16,037
up €16,037 (+28.8%), from €55,684 to €71,721
- Financial income +€12,432
up €12,432 (+860%), from €1,445 to €13,877
- Taxes +€4,616
up €4,616 (+38.3%), from €12,058 to €16,674
- Financial charges +€4,558
up €4,558 (+8,246%), from €55 to €4,613
of which Financial charges: +€2,393
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 | €90,629 | €147,619 | +€56,991 | +62.9% |
| Fixed assets | 21/28 | €12,411 | €23,320 | +€10,908 | +87.9% |
| Tangible fixed assets | 22/27 | €2,411 | €2,523 | +€112 | +4.7% |
| Plant, machinery and equipment | 23 | €734 | €1,225 | +€492 | +67.1% |
| Furniture and vehicles | 24 | €1,678 | €1,298 | -€380 | -22.6% |
| Financial fixed assets | 28 | €10,000 | €20,796 | +€10,796 | +108% |
| Current assets | 29/58 | €78,218 | €124,300 | +€46,082 | +58.9% |
| Amounts receivable within one year | 40/41 | €20,732 | €11,941 | -€8,790 | -42.4% |
| Trade receivables | 40 | €20,732 | €11,941 | -€8,790 | -42.4% |
| Current investments | 50/53 | €56,000 | €106,698 | +€50,698 | +90.5% |
| Cash at bank and in hand | 54/58 | €347 | €2,026 | +€1,679 | +484% |
| Deferred charges and accrued income | 490/1 | €1,139 | €3,635 | +€2,496 | +219% |
| Total equity and liabilities | 10/49 | €90,629 | €147,619 | +€56,991 | +62.9% |
| Equity | 10/15 | €61,057 | €124,428 | +€63,371 | +104% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €58,557 | €121,928 | +€63,371 | +108% |
| Distributable reserves | 133 | €58,557 | €121,928 | +€63,371 | +108% |
| Amounts payable | 17/49 | €29,571 | €23,191 | -€6,380 | -21.6% |
| Amounts payable within one year | 42/48 | €29,542 | €23,161 | -€6,381 | -21.6% |
| Trade debts | 44 | €338 | €0 | -€338 | -100% |
| Suppliers | 440/4 | €338 | €0 | -€338 | -100% |
| Taxes, remuneration and social security | 45 | €17,730 | €23,081 | +€5,351 | +30.2% |
| Taxes | 450/3 | €17,730 | €23,081 | +€5,351 | +30.2% |
| Other amounts payable | 47/48 | €11,474 | €80 | -€11,394 | -99.3% |
| Accrued charges and deferred income | 492/3 | €29 | €30 | +€1 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €330 | €736 | +€406 | +123% |
| Other operating charges | 640/8 | €443 | €204 | -€239 | -54.0% |
| Gross operating margin | 9900 | €55,684 | €71,721 | +€16,037 | +28.8% |
| Operating profit (loss) | 9901 | €54,910 | €70,781 | +€15,870 | +28.9% |
| Financial income | 75/76B | €1,445 | €13,877 | +€12,432 | +860% |
| Recurring financial income | 75 | €1,445 | €13,877 | +€12,432 | +860% |
| Financial charges | 65/66B | €55 | €4,613 | +€4,558 | +8,246% |
| Recurring financial charges | 65 | €55 | €2,448 | +€2,393 | +4,329% |
| Non-recurring financial charges | 66B | - | €2,165 | +€2,165 | |
| Profit (loss) for the period before taxes | 9903 | €56,300 | €80,044 | +€23,744 | +42.2% |
| Income taxes | 67/77 | €12,058 | €16,674 | +€4,616 | +38.3% |
| Profit (loss) for the period | 9904 | €44,243 | €63,371 | +€19,128 | +43.2% |
| Profit (loss) for the period to be appropriated | 9905 | €44,243 | €63,371 | +€19,128 | +43.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.