ANDORINHA: 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.
ANDORINHA
Largest movements
- Tangible fixed assets -€26,405
down €26,405 (-10.9%), from €242,142 to €215,737
of which Land and buildings: -€24,502
- Cash -€25,290
down €25,290 (-57.9%), from €43,654 to €18,364
mainly Debts after one year (-€24,332) and Trade debts (-€15,855)
- Debts after one year -€24,332
down €24,332 (-45.2%), from €53,875 to €29,543
- Trade debts -€15,855
down €15,855 (-72.0%), from €22,022 to €6,167
- Tax, wage and social debts -€14,169
down €14,169 (-55.5%), from €25,529 to €11,360
- Current portion of long-term debt +€3,599
up €3,599 (+15.5%), from €23,256 to €26,856
- Reserves +€3,267
up €3,267 (+2.0%), from €162,938 to €166,205
- Depreciation -€17,661
down €17,661 (-40.1%), from €44,066 to €26,405
- Gross operating margin -€16,641
down €16,641 (-23.1%), from €71,900 to €55,259
- Other operating charges -€2,239
down €2,239 (-21.4%), from €10,438 to €8,199
- Taxes +€1,533
up €1,533 (+29.8%), from €5,134 to €6,667
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 | €322,263 | €272,237 | -€50,026 | -15.5% |
| Fixed assets | 21/28 | €242,142 | €215,737 | -€26,405 | -10.9% |
| Tangible fixed assets | 22/27 | €242,142 | €215,737 | -€26,405 | -10.9% |
| Land and buildings | 22 | €235,575 | €211,074 | -€24,502 | -10.4% |
| Plant, machinery and equipment | 23 | €1,663 | €845 | -€818 | -49.2% |
| Furniture and vehicles | 24 | €4,903 | €3,818 | -€1,085 | -22.1% |
| Current assets | 29/58 | €80,121 | €56,501 | -€23,621 | -29.5% |
| Amounts receivable within one year | 40/41 | €34,823 | €35,342 | +€519 | +1.5% |
| Other amounts receivable | 41 | €34,823 | €35,342 | +€519 | +1.5% |
| Cash at bank and in hand | 54/58 | €43,654 | €18,364 | -€25,290 | -57.9% |
| Deferred charges and accrued income | 490/1 | €1,644 | €2,795 | +€1,150 | +70.0% |
| Total equity and liabilities | 10/49 | €322,263 | €272,237 | -€50,026 | -15.5% |
| Equity | 10/15 | €169,717 | €172,984 | +€3,267 | +1.9% |
| Contributions | 10/11 | €6,779 | €6,779 | = | 0.0% |
| Reserves | 13 | €162,938 | €166,205 | +€3,267 | +2.0% |
| Distributable reserves | 133 | €162,938 | €166,205 | +€3,267 | +2.0% |
| Amounts payable | 17/49 | €152,545 | €99,253 | -€53,292 | -34.9% |
| Amounts payable after more than one year | 17 | €53,875 | €29,543 | -€24,332 | -45.2% |
| Financial debts | 170/4 | €53,875 | €29,543 | -€24,332 | -45.2% |
| Amounts payable within one year | 42/48 | €98,670 | €69,710 | -€28,960 | -29.4% |
| Current portion of amounts payable after more than one year | 42 | €23,256 | €26,856 | +€3,599 | +15.5% |
| Financial debts | 43 | €2,535 | - | -€2,535 | |
| Other loans | 439 | €2,535 | - | -€2,535 | |
| Trade debts | 44 | €22,022 | €6,167 | -€15,855 | -72.0% |
| Suppliers | 440/4 | €22,022 | €6,167 | -€15,855 | -72.0% |
| Taxes, remuneration and social security | 45 | €25,529 | €11,360 | -€14,169 | -55.5% |
| Taxes | 450/3 | €25,529 | €11,360 | -€14,169 | -55.5% |
| Other amounts payable | 47/48 | €25,327 | €25,327 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,066 | €26,405 | -€17,661 | -40.1% |
| Other operating charges | 640/8 | €10,438 | €8,199 | -€2,239 | -21.4% |
| Gross operating margin | 9900 | €71,900 | €55,259 | -€16,641 | -23.1% |
| Operating profit (loss) | 9901 | €17,396 | €20,654 | +€3,259 | +18.7% |
| Financial income | 75/76B | €1,948 | €1,640 | -€308 | -15.8% |
| Recurring financial income | 75 | €1,948 | €1,640 | -€308 | -15.8% |
| Financial charges | 65/66B | €4,671 | €4,594 | -€78 | -1.7% |
| Recurring financial charges | 65 | €4,671 | €4,594 | -€78 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | €14,673 | €17,701 | +€3,029 | +20.6% |
| Income taxes | 67/77 | €5,134 | €6,667 | +€1,533 | +29.8% |
| Profit (loss) for the period | 9904 | €9,538 | €11,034 | +€1,496 | +15.7% |
| Profit (loss) for the period to be appropriated | 9905 | €9,538 | €11,034 | +€1,496 | +15.7% |
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 23 October 2026 via checked.be.