ANDRE Frères: 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 Frères
Largest movements
- Cash -€30,861
down €30,861 (-7.5%), from €411,997 to €381,136
mainly Contributions, distributions and other (-€128,000) and Tax, wage and social debts (-€3,774)
- Tangible fixed assets -€16,228
down €16,228 (-26.0%), from €62,459 to €46,231
of which Furniture and vehicles: -€15,386
- Reserves -€68,000
down €68,000 (-25.6%), from €265,305 to €197,305
of which Distributable reserves: -€68,000
- Trade debts +€22,101
up €22,101 (+84.2%), from €26,251 to €48,352
- Staff costs +€19,295
up €19,295 (+7.8%), from €248,852 to €268,147
- Depreciation +€8,652
up €8,652 (+114.2%), from €7,575 to €16,228
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 | €509,005 | €456,581 | -€52,424 | -10.3% |
| Fixed assets | 21/28 | €68,549 | €52,321 | -€16,228 | -23.7% |
| Tangible fixed assets | 22/27 | €62,459 | €46,231 | -€16,228 | -26.0% |
| Plant, machinery and equipment | 23 | €3,127 | €2,429 | -€698 | -22.3% |
| Furniture and vehicles | 24 | €58,758 | €43,372 | -€15,386 | -26.2% |
| Other tangible fixed assets | 26 | €574 | €431 | -€144 | -25.0% |
| Financial fixed assets | 28 | €6,090 | €6,090 | = | 0.0% |
| Current assets | 29/58 | €440,456 | €404,260 | -€36,196 | -8.2% |
| Stocks and contracts in progress | 3 | €10,022 | €9,433 | -€590 | -5.9% |
| Stocks | 30/36 | €10,022 | €9,433 | -€590 | -5.9% |
| Amounts receivable within one year | 40/41 | €12,453 | €7,708 | -€4,745 | -38.1% |
| Trade receivables | 40 | €7,373 | €4,628 | -€2,745 | -37.2% |
| Other amounts receivable | 41 | €5,080 | €3,080 | -€2,000 | -39.4% |
| Cash at bank and in hand | 54/58 | €411,997 | €381,136 | -€30,861 | -7.5% |
| Deferred charges and accrued income | 490/1 | €5,984 | €5,984 | = | 0.0% |
| Total equity and liabilities | 10/49 | €509,005 | €456,581 | -€52,424 | -10.3% |
| Equity | 10/15 | €429,578 | €360,575 | -€69,003 | -16.1% |
| Contributions | 10/11 | €19,407 | €19,407 | = | 0.0% |
| Reserves | 13 | €265,305 | €197,305 | -€68,000 | -25.6% |
| Tax-exempt reserves | 132 | €365 | €365 | = | 0.0% |
| Distributable reserves | 133 | €264,941 | €196,941 | -€68,000 | -25.7% |
| Profit (loss) carried forward | 14 | €144,866 | €143,863 | -€1,003 | -0.7% |
| Amounts payable | 17/49 | €79,427 | €96,006 | +€16,579 | +20.9% |
| Amounts payable within one year | 42/48 | €79,427 | €96,006 | +€16,579 | +20.9% |
| Trade debts | 44 | €26,251 | €48,352 | +€22,101 | +84.2% |
| Suppliers | 440/4 | €26,251 | €48,352 | +€22,101 | +84.2% |
| Taxes, remuneration and social security | 45 | €51,428 | €47,654 | -€3,774 | -7.3% |
| Taxes | 450/3 | €24,741 | €16,401 | -€8,341 | -33.7% |
| Remuneration and social security | 454/9 | €26,687 | €31,253 | +€4,567 | +17.1% |
| Other amounts payable | 47/48 | €1,748 | €0 | -€1,748 | -100.0% |
| Remuneration, social security and pensions | 62 | €248,852 | €268,147 | +€19,295 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,575 | €16,228 | +€8,652 | +114.2% |
| Other operating charges | 640/8 | €4,390 | €2,185 | -€2,205 | -50.2% |
| Non-recurring operating charges | 66A | - | €3,949 | +€3,949 | |
| Gross operating margin | 9900 | €382,932 | €383,981 | +€1,049 | +0.3% |
| Operating profit (loss) | 9901 | €122,114 | €93,472 | -€28,642 | -23.5% |
| Financial income | 75/76B | €947 | €1,218 | +€271 | +28.6% |
| Recurring financial income | 75 | €947 | €1,218 | +€271 | +28.6% |
| Financial charges | 65/66B | €7,811 | €6,903 | -€908 | -11.6% |
| Recurring financial charges | 65 | €7,811 | €6,903 | -€908 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | €115,250 | €87,787 | -€27,463 | -23.8% |
| Income taxes | 67/77 | €31,400 | €28,790 | -€2,610 | -8.3% |
| Profit (loss) for the period | 9904 | €83,850 | €58,997 | -€24,853 | -29.6% |
| Profit (loss) for the period to be appropriated | 9905 | €83,850 | €58,997 | -€24,853 | -29.6% |
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 3 October 2026 via checked.be.