ANDRE: 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.
ANDRE
Largest movements
- Cash -€3,523
down €3,523 (-99.9%), from €3,526 to €3
mainly Net result for the year (-€10,118) and Trade debts (-€1,891)
- Tangible fixed assets -€498
down €498 (-23.2%), from €2,143 to €1,645
- Profit (loss) carried forward -€10,118
down €10,118 (-51.3%), from -€19,743 to -€29,861
- Tax, wage and social debts +€7,949
up €7,949 (+57.7%), from €13,779 to €21,728
- Trade debts -€1,891
down €1,891 (-19.2%), from €9,836 to €7,945
- Short-term financial debts +€391
new in 2025: €391
- Other operating charges +€550
up €550 (+107.8%), from €510 to €1,061
- Gross operating margin +€334
up €334 (+3.8%), from -€8,776 to -€8,442
- Financial income -€296
down €296 (-97.0%), from €305 to €9
of which Non-recurring financial income: -€305
- Depreciation +€152
up €152 (+44.1%), from €345 to €498
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 | €36,002 | €32,333 | -€3,669 | -10.2% |
| Fixed assets | 21/28 | €2,573 | €2,075 | -€498 | -19.3% |
| Tangible fixed assets | 22/27 | €2,143 | €1,645 | -€498 | -23.2% |
| Plant, machinery and equipment | 23 | €2,143 | €1,645 | -€498 | -23.2% |
| Financial fixed assets | 28 | €430 | €430 | = | 0.0% |
| Current assets | 29/58 | €33,429 | €30,258 | -€3,171 | -9.5% |
| Amounts receivable within one year | 40/41 | €29,903 | €30,255 | +€352 | +1.2% |
| Trade receivables | 40 | €27,591 | €29,179 | +€1,588 | +5.8% |
| Other amounts receivable | 41 | €2,312 | €1,076 | -€1,235 | -53.4% |
| Cash at bank and in hand | 54/58 | €3,526 | €3 | -€3,523 | -99.9% |
| Total equity and liabilities | 10/49 | €36,002 | €32,333 | -€3,669 | -10.2% |
| Equity | 10/15 | €709 | -€9,410 | -€10,118 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,743 | -€29,861 | -€10,118 | -51.3% |
| Amounts payable | 17/49 | €35,294 | €41,743 | +€6,449 | +18.3% |
| Amounts payable after more than one year | 17 | €10,294 | €10,294 | = | 0.0% |
| Financial debts | 170/4 | €10,294 | €10,294 | = | 0.0% |
| Amounts payable within one year | 42/48 | €25,000 | €31,449 | +€6,449 | +25.8% |
| Financial debts | 43 | - | €391 | +€391 | |
| Credit institutions | 430/8 | - | €391 | +€391 | |
| Trade debts | 44 | €9,836 | €7,945 | -€1,891 | -19.2% |
| Suppliers | 440/4 | €9,836 | €7,945 | -€1,891 | -19.2% |
| Advances received on contracts in progress | 46 | €1,385 | €1,385 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €13,779 | €21,728 | +€7,949 | +57.7% |
| Remuneration and social security | 454/9 | €13,779 | €21,728 | +€7,949 | +57.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €345 | €498 | +€152 | +44.1% |
| Other operating charges | 640/8 | €510 | €1,061 | +€550 | +107.8% |
| Gross operating margin | 9900 | -€8,776 | -€8,442 | +€334 | +3.8% |
| Operating profit (loss) | 9901 | -€9,632 | -€10,001 | -€369 | -3.8% |
| Financial income | 75/76B | €305 | €9 | -€296 | -97.0% |
| Recurring financial income | 75 | €305 | €9 | -€296 | -97.0% |
| Non-recurring financial income | 76B | €305 | - | -€305 | |
| Financial charges | 65/66B | €139 | €127 | -€12 | -9.0% |
| Recurring financial charges | 65 | €139 | €127 | -€12 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | -€9,466 | -€10,118 | -€652 | -6.9% |
| Profit (loss) for the period | 9904 | -€9,466 | -€10,118 | -€652 | -6.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,466 | -€10,118 | -€652 | -6.9% |
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 9 October 2026 via checked.be.