ANDOLENA: 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.
ANDOLENA
Largest movements
- Cash +€11,356
up €11,356 (+935.4%), from €1,214 to €12,570
mainly Net result for the year (+€27,933) and Stocks and contracts (+€9,599)
- Stocks and contracts -€9,599
down €9,599 (-52.5%), from €18,276 to €8,677
- Tangible fixed assets -€8,849
down €8,849 (-17.8%), from €49,678 to €40,829
of which Plant, machinery and equipment: -€4,656
- Receivables within one year -€1,201
down €1,201 (-39.3%), from €3,055 to €1,854
of which Other amounts receivable: -€1,336
- Profit (loss) carried forward +€27,933
up €27,933 (+72.1%), from -€38,732 to -€10,798
- Other debts -€12,853
down €12,853 (-54.2%), from €23,709 to €10,856
- Trade debts -€12,018
down €12,018 (-69.5%), from €17,295 to €5,277
- Debts after one year -€7,877
down €7,877 (-26.9%), from €29,288 to €21,411
- Short-term financial debts -€3,538
no longer reported in 2025 (was €3,538)
- Gross operating margin +€69,579
up €69,579 (+49.8%), from €139,622 to €209,201
- Staff costs +€9,787
up €9,787 (+6.5%), from €149,835 to €159,622
- Other operating charges +€7,175
up €7,175 (+241.8%), from €2,968 to €10,143
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 | €76,933 | €68,705 | -€8,228 | -10.7% |
| Fixed assets | 21/28 | €54,354 | €45,505 | -€8,849 | -16.3% |
| Tangible fixed assets | 22/27 | €49,678 | €40,829 | -€8,849 | -17.8% |
| Plant, machinery and equipment | 23 | €33,156 | €28,500 | -€4,656 | -14.0% |
| Furniture and vehicles | 24 | €3,287 | €2,060 | -€1,227 | -37.3% |
| Leasing and similar rights | 25 | €13,236 | €10,269 | -€2,967 | -22.4% |
| Financial fixed assets | 28 | €4,676 | €4,676 | = | 0.0% |
| Current assets | 29/58 | €22,580 | €23,200 | +€621 | +2.7% |
| Stocks and contracts in progress | 3 | €18,276 | €8,677 | -€9,599 | -52.5% |
| Stocks | 30/36 | €18,276 | €8,677 | -€9,599 | -52.5% |
| Amounts receivable within one year | 40/41 | €3,055 | €1,854 | -€1,201 | -39.3% |
| Trade receivables | 40 | €575 | €710 | +€135 | +23.5% |
| Other amounts receivable | 41 | €2,480 | €1,144 | -€1,336 | -53.9% |
| Cash at bank and in hand | 54/58 | €1,214 | €12,570 | +€11,356 | +935.4% |
| Deferred charges and accrued income | 490/1 | €35 | €99 | +€64 | +182.5% |
| Total equity and liabilities | 10/49 | €76,933 | €68,705 | -€8,228 | -10.7% |
| Equity | 10/15 | -€18,117 | €9,817 | +€27,933 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,015 | €2,015 | = | 0.0% |
| Distributable reserves | 133 | €2,015 | €2,015 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,732 | -€10,798 | +€27,933 | +72.1% |
| Amounts payable | 17/49 | €95,050 | €58,889 | -€36,161 | -38.0% |
| Amounts payable after more than one year | 17 | €29,288 | €21,411 | -€7,877 | -26.9% |
| Financial debts | 170/4 | €29,288 | €21,411 | -€7,877 | -26.9% |
| Amounts payable within one year | 42/48 | €65,762 | €37,478 | -€28,284 | -43.0% |
| Current portion of amounts payable after more than one year | 42 | €7,604 | €7,877 | +€273 | +3.6% |
| Financial debts | 43 | €3,538 | - | -€3,538 | |
| Credit institutions | 430/8 | €3,538 | - | -€3,538 | |
| Trade debts | 44 | €17,295 | €5,277 | -€12,018 | -69.5% |
| Suppliers | 440/4 | €17,295 | €5,277 | -€12,018 | -69.5% |
| Taxes, remuneration and social security | 45 | €13,616 | €13,468 | -€148 | -1.1% |
| Taxes | 450/3 | €105 | €356 | +€251 | +239.3% |
| Remuneration and social security | 454/9 | €13,511 | €13,111 | -€399 | -3.0% |
| Other amounts payable | 47/48 | €23,709 | €10,856 | -€12,853 | -54.2% |
| Non-recurring operating income | 76A | - | €22 | +€22 | |
| Remuneration, social security and pensions | 62 | €149,835 | €159,622 | +€9,787 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,667 | €8,849 | +€182 | +2.1% |
| Other operating charges | 640/8 | €2,968 | €10,143 | +€7,175 | +241.8% |
| Non-recurring operating charges | 66A | €5 | €589 | +€584 | +11496.3% |
| Gross operating margin | 9900 | €139,622 | €209,201 | +€69,579 | +49.8% |
| Operating profit (loss) | 9901 | -€21,853 | €29,999 | +€51,852 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €2,012 | €2,065 | +€54 | +2.7% |
| Recurring financial charges | 65 | €2,012 | €2,065 | +€54 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | -€23,864 | €27,933 | +€51,797 | |
| Profit (loss) for the period | 9904 | -€23,864 | €27,933 | +€51,797 | |
| Profit (loss) for the period to be appropriated | 9905 | -€23,864 | €27,933 | +€51,797 |
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 12 October 2026 via checked.be.