ANDOXA: 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.
ANDOXA
Largest movements
- Cash -€354,853
down €354,853 (-50.8%), from €698,633 to €343,779
mainly Deferred charges and accrued income (-€177,693) and Net result for the year (-€177,205)
- Deferred charges and accrued income +€177,693
up €177,693 (+791.3%), from €22,455 to €200,148
- Tangible fixed assets +€20,834
up €20,834 (+13.5%), from €154,463 to €175,297
of which Furniture and vehicles: +€32,128
- Profit (loss) carried forward -€177,205
down €177,205 (-53.2%), from €332,815 to €155,610
- Accrued charges and deferred income +€42,156
up €42,156 (+392.8%), from €10,732 to €52,888
- Debts within one year -€26,541
down €26,541 (-2.5%), from €1.1m to €1.0m
of which Trade debts: -€118,211
- Staff costs +€322,487
up €322,487 (+14.2%), from €2.3m to €2.6m
- Gross operating margin +€144,210
up €144,210 (+6.2%), from €2.3m to €2.5m
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,563,017 | €1,401,427 | -€161,590 | -10.3% |
| Fixed assets | 21/28 | €162,007 | €182,841 | +€20,834 | +12.9% |
| Tangible fixed assets | 22/27 | €154,463 | €175,297 | +€20,834 | +13.5% |
| Plant, machinery and equipment | 23 | €24,660 | €24,410 | -€250 | -1.0% |
| Furniture and vehicles | 24 | €72,936 | €105,064 | +€32,128 | +44.0% |
| Other tangible fixed assets | 26 | €56,867 | €45,823 | -€11,044 | -19.4% |
| Financial fixed assets | 28 | €7,544 | €7,544 | = | 0.0% |
| Current assets | 29/58 | €1,401,010 | €1,218,587 | -€182,423 | -13.0% |
| Amounts receivable within one year | 40/41 | €679,922 | €674,659 | -€5,263 | -0.8% |
| Trade receivables | 40 | €353,076 | €260,658 | -€92,418 | -26.2% |
| Other amounts receivable | 41 | €326,846 | €414,001 | +€87,155 | +26.7% |
| Cash at bank and in hand | 54/58 | €698,633 | €343,779 | -€354,853 | -50.8% |
| Deferred charges and accrued income | 490/1 | €22,455 | €200,148 | +€177,693 | +791.3% |
| Total equity and liabilities | 10/49 | €1,563,017 | €1,401,427 | -€161,590 | -10.3% |
| Equity | 10/15 | €428,857 | €251,652 | -€177,205 | -41.3% |
| Reserves | 13 | €96,042 | €96,042 | = | 0.0% |
| Profit (loss) carried forward | 14 | €332,815 | €155,610 | -€177,205 | -53.2% |
| Amounts payable | 17/49 | €1,134,160 | €1,149,776 | +€15,615 | +1.4% |
| Amounts payable after more than one year | 17 | €60,000 | €60,000 | = | 0.0% |
| Other amounts payable | 178/9 | €60,000 | €60,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,063,428 | €1,036,887 | -€26,541 | -2.5% |
| Current portion of amounts payable after more than one year | 42 | - | €24,709 | +€24,709 | |
| Financial debts | 43 | €106,797 | €68,746 | -€38,051 | -35.6% |
| Credit institutions | 430/8 | €106,797 | €68,746 | -€38,051 | -35.6% |
| Trade debts | 44 | €174,262 | €56,051 | -€118,211 | -67.8% |
| Suppliers | 440/4 | €174,262 | €56,051 | -€118,211 | -67.8% |
| Taxes, remuneration and social security | 45 | €454,501 | €515,595 | +€61,094 | +13.4% |
| Taxes | 450/3 | €49,515 | €45,308 | -€4,207 | -8.5% |
| Remuneration and social security | 454/9 | €404,986 | €470,287 | +€65,301 | +16.1% |
| Accrued charges and deferred income | 492/3 | €10,732 | €52,888 | +€42,156 | +392.8% |
| Non-recurring operating income | 76A | - | €12,000 | +€12,000 | |
| Remuneration, social security and pensions | 62 | €2,265,731 | €2,588,218 | +€322,487 | +14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,553 | €60,066 | -€4,488 | -7.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€15,067 | - | +€15,067 | |
| Other operating charges | 640/8 | €3,642 | €7,440 | +€3,798 | +104.3% |
| Non-recurring operating charges | 66A | €124,753 | - | -€124,753 | |
| Gross operating margin | 9900 | €2,336,386 | €2,480,596 | +€144,210 | +6.2% |
| Operating profit (loss) | 9901 | -€107,226 | -€175,127 | -€67,901 | -63.3% |
| Financial income | 75/76B | - | €197 | +€197 | |
| Recurring financial income | 75 | - | €197 | +€197 | |
| Financial charges | 65/66B | €10,359 | €2,033 | -€8,327 | -80.4% |
| Recurring financial charges | 65 | €10,359 | €2,033 | -€8,327 | -80.4% |
| Profit (loss) for the period before taxes | 9903 | -€117,585 | -€176,963 | -€59,378 | -50.5% |
| Income taxes | 67/77 | €12,708 | €241 | -€12,466 | -98.1% |
| Profit (loss) for the period | 9904 | -€130,293 | -€177,205 | -€46,912 | -36.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€130,293 | -€177,205 | -€46,912 | -36.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.