ANDRASS: 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.
What changed
ANDRASS
NACE 66.220, Insurance agents and brokers
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€455,849
2024 · €250,568+€205,281
Equity
€2.1m
2024 · €2.0m+€141,563
Cash
€439,147
2024 · €150,908+€288,239
Balance sheet total
€3.0m
2024 · €2.8m+€225,386
Largest movements
Assets
- Cash +€288,239
up €288,239 (+191.0%), from €150,908 to €439,147
mainly Net result for the year (+€455,849) and Depreciation (+€180,284)
- Tangible fixed assets -€146,291
down €146,291 (-8.1%), from €1.8m to €1.7m
of which Land and buildings: -€102,116
- Current investments +€62,077
up €62,077 (+10.0%), from €621,589 to €683,666
Equity and liabilities
- Reserves +€178,546
up €178,546 (+44.2%), from €404,277 to €582,823
of which Distributable reserves: +€200,000
- Trade debts +€74,039
up €74,039 (+914.0%), from €8,101 to €82,140
- Tax, wage and social debts +€39,510
up €39,510 (+25.6%), from €154,173 to €193,683
of which Taxes: +€36,540
- Profit (loss) carried forward -€36,984
down €36,984 (-2.5%), from €1.5m to €1.5m
Income statement
- Turnover +€1.5m
new in 2025: €1.5m
- Purchases and services +€897,862
new in 2025: €897,862
- Gross operating margin +€340,108
up €340,108 (+49.4%), from €688,746 to €1.0m
- Taxes +€89,960
up €89,960 (+77.2%), from €116,510 to €206,470
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.
Result 2024
€250,568
Gross operating margin
+€340,108
Staff costs
+€6,078
Depreciation
+€7,002
Other operating charges
+€4,178
Other operating items
-€61,753
Financial income
-€1,578
Financial charges
+€1,206
Taxes
-€89,960
Result 2025
€455,849
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.
From operations
+€728,090
Investment
-€96,070
Financing
-€343,780
Cash 2024
€150,908
From operations (derived)
+€728,090
Net result for the year
+€455,849
Depreciation
+€180,284
Receivables within one year
-€22,323
Smaller working-capital items
+€962
Provisions
-€11,048
Trade debts
+€74,039
Tax, wage and social debts
+€39,510
Accrued charges and deferred income
+€10,817
Investment (derived)
-€96,070
Investment in fixed assets (net)
-€33,993
Current investments
-€62,077
Financing
-€343,780
Debts after one year
-€18,128
Current portion of long-term debt
-€0
Short-term financial debts
-€11,366
Contributions, distributions and other
-€314,286
Cash 2025
€439,147
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,756,323 | €2,981,709 | +€225,386 | +8.2% |
| Fixed assets | 21/28 | €1,796,590 | €1,650,299 | -€146,291 | -8.1% |
| Tangible fixed assets | 22/27 | €1,796,370 | €1,650,079 | -€146,291 | -8.1% |
| Land and buildings | 22 | €1,554,530 | €1,452,414 | -€102,116 | -6.6% |
| Plant, machinery and equipment | 23 | €65,157 | €48,232 | -€16,925 | -26.0% |
| Furniture and vehicles | 24 | €176,683 | €149,433 | -€27,250 | -15.4% |
| Financial fixed assets | 28 | €220 | €220 | = | 0.0% |
| Current assets | 29/58 | €959,733 | €1,331,410 | +€371,677 | +38.7% |
| Amounts receivable within one year | 40/41 | €184,911 | €207,234 | +€22,323 | +12.1% |
| Trade receivables | 40 | €92,081 | €103,898 | +€11,817 | +12.8% |
| Other amounts receivable | 41 | €92,830 | €103,336 | +€10,506 | +11.3% |
| Current investments | 50/53 | €621,589 | €683,666 | +€62,077 | +10.0% |
| Cash at bank and in hand | 54/58 | €150,908 | €439,147 | +€288,239 | +191.0% |
| Deferred charges and accrued income | 490/1 | €2,325 | €1,363 | -€962 | -41.4% |
| Total equity and liabilities | 10/49 | €2,756,323 | €2,981,709 | +€225,386 | +8.2% |
| Equity | 10/15 | €1,957,477 | €2,099,040 | +€141,563 | +7.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €404,277 | €582,823 | +€178,546 | +44.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €398,077 | €376,623 | -€21,454 | -5.4% |
| Distributable reserves | 133 | - | €200,000 | +€200,000 | |
| Profit (loss) carried forward | 14 | €1,491,200 | €1,454,216 | -€36,984 | -2.5% |
| Provisions and deferred taxes | 16 | €243,911 | €232,863 | -€11,048 | -4.5% |
| Provisions for liabilities and charges | 160/5 | €38,932 | €38,932 | -€0 | 0.0% |
| Other liabilities and charges | 164/5 | €38,932 | €38,932 | -€0 | 0.0% |
| Deferred taxes | 168 | €204,979 | €193,932 | -€11,047 | -5.4% |
| Amounts payable | 17/49 | €554,935 | €649,806 | +€94,871 | +17.1% |
| Amounts payable after more than one year | 17 | €43,162 | €25,034 | -€18,128 | -42.0% |
| Financial debts | 170/4 | €43,162 | €25,034 | -€18,128 | -42.0% |
| Amounts payable within one year | 42/48 | €417,242 | €519,425 | +€102,183 | +24.5% |
| Current portion of amounts payable after more than one year | 42 | €19,178 | €19,178 | -€0 | 0.0% |
| Financial debts | 43 | €11,366 | - | -€11,366 | |
| Credit institutions | 430/8 | €11,366 | - | -€11,366 | |
| Trade debts | 44 | €8,101 | €82,140 | +€74,039 | +914.0% |
| Suppliers | 440/4 | €8,101 | €82,140 | +€74,039 | +914.0% |
| Taxes, remuneration and social security | 45 | €154,173 | €193,683 | +€39,510 | +25.6% |
| Taxes | 450/3 | €144,437 | €180,977 | +€36,540 | +25.3% |
| Remuneration and social security | 454/9 | €9,736 | €12,706 | +€2,970 | +30.5% |
| Other amounts payable | 47/48 | €224,424 | €224,424 | -€0 | 0.0% |
| Accrued charges and deferred income | 492/3 | €94,531 | €105,348 | +€10,817 | +11.4% |
| Turnover | 70 | - | €1,479,948 | +€1.5m | |
| Non-recurring operating income | 76A | - | €332,000 | +€332,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €897,862 | +€897,862 | |
| Remuneration, social security and pensions | 62 | €116,652 | €110,574 | -€6,078 | -5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €187,286 | €180,284 | -€7,002 | -3.7% |
| Other operating charges | 640/8 | €30,318 | €26,140 | -€4,178 | -13.8% |
| Non-recurring operating charges | 66A | - | €61,753 | +€61,753 | |
| Gross operating margin | 9900 | €688,746 | €1,028,854 | +€340,108 | +49.4% |
| Operating profit (loss) | 9901 | €354,490 | €650,103 | +€295,613 | +83.4% |
| Financial income | 75/76B | €4,609 | €3,031 | -€1,578 | -34.2% |
| Recurring financial income | 75 | €4,609 | €3,031 | -€1,578 | -34.2% |
| Financial charges | 65/66B | €3,068 | €1,862 | -€1,206 | -39.3% |
| Recurring financial charges | 65 | €2,784 | €1,862 | -€922 | -33.1% |
| Non-recurring financial charges | 66B | €284 | - | -€284 | |
| Profit (loss) for the period before taxes | 9903 | €356,031 | €651,271 | +€295,240 | +82.9% |
| Transfer from deferred taxes | 780 | €11,047 | €11,047 | +€0 | 0.0% |
| Income taxes | 67/77 | €116,510 | €206,470 | +€89,960 | +77.2% |
| Profit (loss) for the period | 9904 | €250,568 | €455,849 | +€205,281 | +81.9% |
| Transfer from tax-exempt reserves | 789 | €21,454 | €21,454 | -€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €272,022 | €477,302 | +€205,280 | +75.5% |
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 11 October 2026 via checked.be.