ANDRE DELANGRE: 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.
ANDRE DELANGRE
Largest movements
- Stocks and contracts -€7,087
down €7,087 (-100.0%), from €7,087 to €0
- Tangible fixed assets -€5,411
down €5,411 (-2.8%), from €194,939 to €189,528
of which Plant, machinery and equipment: -€4,949
- Receivables within one year +€4,546
up €4,546 (+24.3%), from €18,743 to €23,289
of which Trade receivables: +€6,268
- Trade debts -€10,364
down €10,364 (-87.8%), from €11,810 to €1,445
- Gross operating margin +€20,377
up €20,377, from -€10,082 to €10,296
- Depreciation -€2,478
down €2,478 (-27.9%), from €8,893 to €6,415
- Other operating charges -€1,752
down €1,752 (-47.0%), from €3,729 to €1,977
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 | €254,126 | €245,674 | -€8,452 | -3.3% |
| Fixed assets | 21/28 | €195,117 | €189,706 | -€5,411 | -2.8% |
| Tangible fixed assets | 22/27 | €194,939 | €189,528 | -€5,411 | -2.8% |
| Land and buildings | 22 | €171,170 | €171,170 | = | 0.0% |
| Plant, machinery and equipment | 23 | €17,291 | €12,342 | -€4,949 | -28.6% |
| Furniture and vehicles | 24 | €6,478 | €6,016 | -€463 | -7.1% |
| Financial fixed assets | 28 | €178 | €178 | = | 0.0% |
| Current assets | 29/58 | €59,009 | €55,968 | -€3,041 | -5.2% |
| Stocks and contracts in progress | 3 | €7,087 | €0 | -€7,087 | -100.0% |
| Stocks | 30/36 | €7,087 | €0 | -€7,087 | -100.0% |
| Amounts receivable within one year | 40/41 | €18,743 | €23,289 | +€4,546 | +24.3% |
| Trade receivables | 40 | €7,561 | €13,829 | +€6,268 | +82.9% |
| Other amounts receivable | 41 | €11,182 | €9,460 | -€1,722 | -15.4% |
| Cash at bank and in hand | 54/58 | €31,050 | €32,446 | +€1,396 | +4.5% |
| Deferred charges and accrued income | 490/1 | €2,129 | €233 | -€1,896 | -89.1% |
| Total equity and liabilities | 10/49 | €254,126 | €245,674 | -€8,452 | -3.3% |
| Equity | 10/15 | €242,214 | €244,029 | +€1,815 | +0.7% |
| Contributions | 10/11 | €247,026 | €247,026 | = | 0.0% |
| Capital | 10 | €247,026 | €247,026 | = | 0.0% |
| Issued capital | 100 | €247,026 | €247,026 | = | 0.0% |
| Reserves | 13 | €20,930 | €20,930 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,586 | €1,586 | = | 0.0% |
| Legal reserve | 130 | €1,586 | €1,586 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,479 | €3,479 | = | 0.0% |
| Distributable reserves | 133 | €15,865 | €15,865 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,742 | -€23,926 | +€1,815 | +7.1% |
| Amounts payable | 17/49 | €11,912 | €1,645 | -€10,267 | -86.2% |
| Amounts payable within one year | 42/48 | €11,912 | €1,645 | -€10,267 | -86.2% |
| Trade debts | 44 | €11,810 | €1,445 | -€10,364 | -87.8% |
| Suppliers | 440/4 | €11,810 | €1,445 | -€10,364 | -87.8% |
| Taxes, remuneration and social security | 45 | €102 | €199 | +€97 | +94.8% |
| Taxes | 450/3 | €102 | €199 | +€97 | +94.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,893 | €6,415 | -€2,478 | -27.9% |
| Other operating charges | 640/8 | €3,729 | €1,977 | -€1,752 | -47.0% |
| Gross operating margin | 9900 | -€10,082 | €10,296 | +€20,377 | |
| Operating profit (loss) | 9901 | -€22,704 | €1,903 | +€24,607 | |
| Financial income | 75/76B | €76 | €16 | -€59 | -78.6% |
| Recurring financial income | 75 | €76 | €16 | -€59 | -78.6% |
| Financial charges | 65/66B | €56 | €104 | +€49 | +87.8% |
| Recurring financial charges | 65 | €56 | €104 | +€49 | +87.8% |
| Profit (loss) for the period before taxes | 9903 | -€22,684 | €1,815 | +€24,499 | |
| Profit (loss) for the period | 9904 | -€22,684 | €1,815 | +€24,499 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,684 | €1,815 | +€24,499 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.