ANDRE Rudy: 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 Rudy
Largest movements
- Tangible fixed assets -€26,513
down €26,513 (-37.1%), from €71,491 to €44,978
of which Leasing and similar rights: -€19,274
- Receivables within one year -€6,912
down €6,912 (-18.0%), from €38,376 to €31,464
of which Trade receivables: -€6,319
- Cash -€4,956
down €4,956 (-22.0%), from €22,504 to €17,548
mainly Debts after one year (-€21,592) and Other debts (-€12,564)
- Deferred charges and accrued income -€2,842
down €2,842 (-68.5%), from €4,149 to €1,307
- Debts after one year -€21,592
down €21,592 (-72.5%), from €29,768 to €8,176
- Other debts -€12,564
down €12,564 (-46.7%), from €26,889 to €14,325
- Trade debts -€10,417
down €10,417 (-75.5%), from €13,804 to €3,387
- Profit (loss) carried forward +€6,804
up €6,804 (+425%), from €1,602 to €8,406
- Current portion of long-term debt -€4,844
down €4,844 (-18.3%), from €26,438 to €21,594
- Gross operating margin +€51,509
up €51,509 (+24.3%), from €211,937 to €263,446
- Staff costs +€46,658
up €46,658 (+27.4%), from €170,157 to €216,815
- Other operating charges +€5,017
up €5,017 (+131%), from €3,837 to €8,854
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.
Derived cash bridge
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 | €151,265 | €109,507 | -€41,758 | -27.6% |
| Fixed assets | 21/28 | €71,551 | €45,038 | -€26,513 | -37.1% |
| Tangible fixed assets | 22/27 | €71,491 | €44,978 | -€26,513 | -37.1% |
| Land and buildings | 22 | €28,477 | €22,136 | -€6,341 | -22.3% |
| Plant, machinery and equipment | 23 | €5,579 | €3,033 | -€2,547 | -45.6% |
| Furniture and vehicles | 24 | €633 | €2,281 | +€1,648 | +260% |
| Leasing and similar rights | 25 | €36,802 | €17,528 | -€19,274 | -52.4% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €79,714 | €64,469 | -€15,245 | -19.1% |
| Stocks and contracts in progress | 3 | €14,685 | €14,150 | -€535 | -3.6% |
| Stocks | 30/36 | €14,685 | €14,150 | -€535 | -3.6% |
| Amounts receivable within one year | 40/41 | €38,376 | €31,464 | -€6,912 | -18.0% |
| Trade receivables | 40 | €37,757 | €31,438 | -€6,319 | -16.7% |
| Other amounts receivable | 41 | €619 | €26 | -€593 | -95.8% |
| Cash at bank and in hand | 54/58 | €22,504 | €17,548 | -€4,956 | -22.0% |
| Deferred charges and accrued income | 490/1 | €4,149 | €1,307 | -€2,842 | -68.5% |
| Total equity and liabilities | 10/49 | €151,265 | €109,507 | -€41,758 | -27.6% |
| Equity | 10/15 | €25,091 | €31,895 | +€6,804 | +27.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €4,889 | €4,889 | +€0 | 0.0% |
| Distributable reserves | 133 | €4,889 | €4,889 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | €1,602 | €8,406 | +€6,804 | +425% |
| Amounts payable | 17/49 | €126,174 | €77,612 | -€48,562 | -38.5% |
| Amounts payable after more than one year | 17 | €29,768 | €8,176 | -€21,592 | -72.5% |
| Financial debts | 170/4 | €29,768 | €8,176 | -€21,592 | -72.5% |
| Amounts payable within one year | 42/48 | €96,406 | €69,436 | -€26,970 | -28.0% |
| Current portion of amounts payable after more than one year | 42 | €26,438 | €21,594 | -€4,844 | -18.3% |
| Trade debts | 44 | €13,804 | €3,387 | -€10,417 | -75.5% |
| Suppliers | 440/4 | €13,804 | €3,387 | -€10,417 | -75.5% |
| Taxes, remuneration and social security | 45 | €29,275 | €30,129 | +€854 | +2.9% |
| Taxes | 450/3 | €17,849 | €19,145 | +€1,296 | +7.3% |
| Remuneration and social security | 454/9 | €11,426 | €10,984 | -€442 | -3.9% |
| Other amounts payable | 47/48 | €26,889 | €14,325 | -€12,564 | -46.7% |
| Remuneration, social security and pensions | 62 | €170,157 | €216,815 | +€46,658 | +27.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,616 | €28,706 | -€910 | -3.1% |
| Other operating charges | 640/8 | €3,837 | €8,854 | +€5,017 | +131% |
| Gross operating margin | 9900 | €211,937 | €263,446 | +€51,509 | +24.3% |
| Operating profit (loss) | 9901 | €8,327 | €9,070 | +€743 | +8.9% |
| Financial income | 75/76B | €395 | €96 | -€299 | -75.8% |
| Recurring financial income | 75 | €395 | €96 | -€299 | -75.8% |
| Financial charges | 65/66B | €3,859 | €1,879 | -€1,980 | -51.3% |
| Recurring financial charges | 65 | €3,859 | €1,879 | -€1,980 | -51.3% |
| Profit (loss) for the period before taxes | 9903 | €4,863 | €7,287 | +€2,424 | +49.9% |
| Income taxes | 67/77 | €381 | €484 | +€103 | +27.0% |
| Profit (loss) for the period | 9904 | €4,482 | €6,803 | +€2,321 | +51.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,482 | €6,803 | +€2,321 | +51.8% |
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 19 October 2026 via checked.be.