Andre & Leon: 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 & Leon
Largest movements
- Current investments +€50,000
up €50,000 (+50.0%), from €100,000 to €150,000
- Cash +€33,506
up €33,506 (+37.3%), from €89,867 to €123,372
mainly Net result for the year (+€74,100) and Depreciation (+€12,984)
- Receivables within one year -€11,967
down €11,967 (-15.9%), from €75,321 to €63,354
of which Trade receivables: -€11,148
- Tangible fixed assets -€10,596
down €10,596 (-30.3%), from €34,943 to €24,347
of which Furniture and vehicles: -€7,390
- Reserves +€74,100
up €74,100 (+40.9%), from €181,117 to €255,218
of which Distributable reserves: +€38,315
- Other debts -€10,881
down €10,881 (-52.5%), from €20,718 to €9,838
- Debts after one year -€7,684
down €7,684 (-66.2%), from €11,601 to €3,916
- Tax, wage and social debts +€4,185
up €4,185 (+25.9%), from €16,130 to €20,315
of which Taxes: +€4,185
- Gross operating margin -€66,083
down €66,083 (-37.6%), from €175,706 to €109,623
- Taxes -€12,841
down €12,841 (-33.3%), from €38,555 to €25,713
- Financial income +€5,384
up €5,384 (+39413.9%), from €14 to €5,398
- Depreciation +€1,921
up €1,921 (+17.4%), from €11,064 to €12,984
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 | €304,826 | €362,560 | +€57,733 | +18.9% |
| Fixed assets | 21/28 | €34,943 | €24,472 | -€10,471 | -30.0% |
| Tangible fixed assets | 22/27 | €34,943 | €24,347 | -€10,596 | -30.3% |
| Plant, machinery and equipment | 23 | €7,871 | €4,665 | -€3,206 | -40.7% |
| Furniture and vehicles | 24 | €27,072 | €19,682 | -€7,390 | -27.3% |
| Financial fixed assets | 28 | - | €125 | +€125 | |
| Current assets | 29/58 | €269,883 | €338,088 | +€68,204 | +25.3% |
| Amounts receivable within one year | 40/41 | €75,321 | €63,354 | -€11,967 | -15.9% |
| Trade receivables | 40 | €73,664 | €62,517 | -€11,148 | -15.1% |
| Other amounts receivable | 41 | €1,657 | €837 | -€820 | -49.5% |
| Current investments | 50/53 | €100,000 | €150,000 | +€50,000 | +50.0% |
| Cash at bank and in hand | 54/58 | €89,867 | €123,372 | +€33,506 | +37.3% |
| Deferred charges and accrued income | 490/1 | €4,695 | €1,361 | -€3,334 | -71.0% |
| Total equity and liabilities | 10/49 | €304,826 | €362,560 | +€57,733 | +18.9% |
| Equity | 10/15 | €246,148 | €320,248 | +€74,100 | +30.1% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €181,117 | €255,218 | +€74,100 | +40.9% |
| Tax-exempt reserves | 132 | €122,090 | €157,875 | +€35,785 | +29.3% |
| Distributable reserves | 133 | €59,027 | €97,343 | +€38,315 | +64.9% |
| Profit (loss) carried forward | 14 | €64,930 | €64,930 | = | 0.0% |
| Amounts payable | 17/49 | €58,679 | €42,311 | -€16,367 | -27.9% |
| Amounts payable after more than one year | 17 | €11,601 | €3,916 | -€7,684 | -66.2% |
| Financial debts | 170/4 | €11,601 | €3,916 | -€7,684 | -66.2% |
| Amounts payable within one year | 42/48 | €47,078 | €38,395 | -€8,683 | -18.4% |
| Current portion of amounts payable after more than one year | 42 | €7,490 | €7,684 | +€194 | +2.6% |
| Trade debts | 44 | €2,740 | €559 | -€2,181 | -79.6% |
| Suppliers | 440/4 | €2,740 | €559 | -€2,181 | -79.6% |
| Taxes, remuneration and social security | 45 | €16,130 | €20,315 | +€4,185 | +25.9% |
| Taxes | 450/3 | €12,130 | €16,315 | +€4,185 | +34.5% |
| Remuneration and social security | 454/9 | €4,000 | €4,000 | = | 0.0% |
| Other amounts payable | 47/48 | €20,718 | €9,838 | -€10,881 | -52.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,064 | €12,984 | +€1,921 | +17.4% |
| Other operating charges | 640/8 | €975 | €831 | -€144 | -14.7% |
| Gross operating margin | 9900 | €175,706 | €109,623 | -€66,083 | -37.6% |
| Operating profit (loss) | 9901 | €163,667 | €95,808 | -€67,860 | -41.5% |
| Financial income | 75/76B | €14 | €5,398 | +€5,384 | +39413.9% |
| Recurring financial income | 75 | €14 | €5,398 | +€5,384 | +39413.9% |
| Financial charges | 65/66B | €929 | €1,391 | +€462 | +49.8% |
| Recurring financial charges | 65 | €929 | €1,391 | +€462 | +49.8% |
| Profit (loss) for the period before taxes | 9903 | €162,752 | €99,814 | -€62,938 | -38.7% |
| Income taxes | 67/77 | €38,555 | €25,713 | -€12,841 | -33.3% |
| Profit (loss) for the period | 9904 | €124,197 | €74,100 | -€50,097 | -40.3% |
| Transfer to tax-exempt reserves | 689 | €60,590 | €35,785 | -€24,805 | -40.9% |
| Profit (loss) for the period to be appropriated | 9905 | €63,607 | €38,315 | -€25,292 | -39.8% |
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 9 October 2026 via checked.be.