ANDORA: 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.
ANDORA
Largest movements
- Receivables within one year -€3,735
down €3,735 (-39.0%), from €9,587 to €5,852
of which Other amounts receivable: -€5,073
- Cash -€1,397
down €1,397 (-32.0%), from €4,371 to €2,974
mainly Tax, wage and social debts (-€3,369) and Net result for the year (-€2,979)
- Tax, wage and social debts -€3,369
down €3,369 (-42.8%), from €7,869 to €4,500
of which Taxes: -€6,869
- Profit (loss) carried forward -€2,979
down €2,979, from €1,524 to -€1,455
- Other debts +€624
up €624 (+1,328%), from €47 to €671
- Trade debts +€421
up €421 (+133%), from €317 to €738
- Gross operating margin +€5,752
up €5,752 (+79.7%), from -€7,222 to -€1,469
- Depreciation +€393
up €393 (+145%), from €270 to €663
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 | €17,818 | €12,514 | -€5,304 | -29.8% |
| Fixed assets | 21/28 | €1,978 | €1,806 | -€172 | -8.7% |
| Tangible fixed assets | 22/27 | €1,978 | €1,806 | -€172 | -8.7% |
| Furniture and vehicles | 24 | €1,978 | €1,806 | -€172 | -8.7% |
| Current assets | 29/58 | €15,840 | €10,708 | -€5,132 | -32.4% |
| Amounts receivable within one year | 40/41 | €9,587 | €5,852 | -€3,735 | -39.0% |
| Trade receivables | 40 | €4,081 | €5,419 | +€1,338 | +32.8% |
| Other amounts receivable | 41 | €5,505 | €432 | -€5,073 | -92.1% |
| Cash at bank and in hand | 54/58 | €4,371 | €2,974 | -€1,397 | -32.0% |
| Deferred charges and accrued income | 490/1 | €1,883 | €1,883 | +€0 | 0.0% |
| Total equity and liabilities | 10/49 | €17,818 | €12,514 | -€5,304 | -29.8% |
| Equity | 10/15 | €9,584 | €6,605 | -€2,979 | -31.1% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,524 | -€1,455 | -€2,979 | |
| Amounts payable | 17/49 | €8,234 | €5,909 | -€2,325 | -28.2% |
| Amounts payable within one year | 42/48 | €8,234 | €5,909 | -€2,325 | -28.2% |
| Trade debts | 44 | €317 | €738 | +€421 | +133% |
| Suppliers | 440/4 | €317 | €738 | +€421 | +133% |
| Taxes, remuneration and social security | 45 | €7,869 | €4,500 | -€3,369 | -42.8% |
| Taxes | 450/3 | €7,869 | €1,000 | -€6,869 | -87.3% |
| Remuneration and social security | 454/9 | - | €3,500 | +€3,500 | |
| Other amounts payable | 47/48 | €47 | €671 | +€624 | +1,328% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €270 | €663 | +€393 | +145% |
| Other operating charges | 640/8 | €618 | €638 | +€20 | +3.2% |
| Gross operating margin | 9900 | -€7,222 | -€1,469 | +€5,752 | +79.7% |
| Operating profit (loss) | 9901 | -€8,110 | -€2,770 | +€5,340 | +65.8% |
| Financial income | 75/76B | €40 | €12 | -€28 | -69.8% |
| Recurring financial income | 75 | €40 | €12 | -€28 | -69.8% |
| Financial charges | 65/66B | €77 | €80 | +€3 | +3.5% |
| Recurring financial charges | 65 | €77 | €80 | +€3 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | -€8,147 | -€2,838 | +€5,309 | +65.2% |
| Income taxes | 67/77 | €126 | €141 | +€15 | +11.7% |
| Profit (loss) for the period | 9904 | -€8,273 | -€2,979 | +€5,294 | +64.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,273 | -€2,979 | +€5,294 | +64.0% |
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 14 October 2026 via checked.be.