ANDREA CMA: 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.
ANDREA CMA
Largest movements
- Receivables within one year +€21,338
up €21,338 (+40.6%), from €52,517 to €73,855
of which Other amounts receivable: +€13,786
- Cash -€21,206
down €21,206 (-54.1%), from €39,171 to €17,965
mainly Receivables within one year (-€21,338) and Current portion of long-term debt (-€19,000)
- Stocks and contracts -€11,569
down €11,569 (-56.1%), from €20,619 to €9,050
- Tangible fixed assets -€2,364
down €2,364 (-64.2%), from €3,683 to €1,319
- Current portion of long-term debt -€19,000
down €19,000 (-76.0%), from €25,000 to €6,000
- Trade debts +€16,762
up €16,762 (+22.4%), from €74,857 to €91,619
- Tax, wage and social debts -€6,430
down €6,430 (-24.1%), from €26,699 to €20,270
of which Taxes: -€6,430
- Profit (loss) carried forward -€4,407
down €4,407 (-4.5%), from -€98,391 to -€102,798
- Gross operating margin +€69,798
up €69,798, from -€48,846 to €20,953
- Staff costs -€41,061
down €41,061 (-100.0%), from €41,077 to €16
- Other operating charges +€12,078
up €12,078 (+1,167%), from €1,035 to €13,113
- Financial charges +€2,492
up €2,492 (+110%), from €2,259 to €4,751
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 | €123,751 | €110,834 | -€12,917 | -10.4% |
| Fixed assets | 21/28 | €11,444 | €9,944 | -€1,501 | -13.1% |
| Intangible fixed assets | 21 | €7,262 | €8,125 | +€863 | +11.9% |
| Tangible fixed assets | 22/27 | €3,683 | €1,319 | -€2,364 | -64.2% |
| Furniture and vehicles | 24 | €3,683 | €1,319 | -€2,364 | -64.2% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €112,307 | €100,890 | -€11,416 | -10.2% |
| Stocks and contracts in progress | 3 | €20,619 | €9,050 | -€11,569 | -56.1% |
| Stocks | 30/36 | €20,619 | €9,050 | -€11,569 | -56.1% |
| Amounts receivable within one year | 40/41 | €52,517 | €73,855 | +€21,338 | +40.6% |
| Trade receivables | 40 | €35,428 | €42,980 | +€7,552 | +21.3% |
| Other amounts receivable | 41 | €17,090 | €30,875 | +€13,786 | +80.7% |
| Cash at bank and in hand | 54/58 | €39,171 | €17,965 | -€21,206 | -54.1% |
| Deferred charges and accrued income | 490/1 | €0 | €21 | +€21 | |
| Total equity and liabilities | 10/49 | €123,751 | €110,834 | -€12,917 | -10.4% |
| Equity | 10/15 | -€2,912 | -€7,319 | -€4,407 | -151% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €85,479 | €85,479 | = | 0.0% |
| Distributable reserves | 133 | €85,479 | €85,479 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€98,391 | -€102,798 | -€4,407 | -4.5% |
| Amounts payable | 17/49 | €126,663 | €118,153 | -€8,510 | -6.7% |
| Amounts payable within one year | 42/48 | €126,663 | €118,153 | -€8,510 | -6.7% |
| Current portion of amounts payable after more than one year | 42 | €25,000 | €6,000 | -€19,000 | -76.0% |
| Financial debts | 43 | €107 | €264 | +€157 | +147% |
| Credit institutions | 430/8 | €107 | €264 | +€157 | +147% |
| Trade debts | 44 | €74,857 | €91,619 | +€16,762 | +22.4% |
| Suppliers | 440/4 | €74,857 | €91,619 | +€16,762 | +22.4% |
| Taxes, remuneration and social security | 45 | €26,699 | €20,270 | -€6,430 | -24.1% |
| Taxes | 450/3 | €24,499 | €18,070 | -€6,430 | -26.2% |
| Remuneration and social security | 454/9 | €2,200 | €2,200 | = | 0.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €5,153 | €0 | -€5,153 | -100% |
| Remuneration, social security and pensions | 62 | €41,077 | €16 | -€41,061 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,037 | €5,274 | +€237 | +4.7% |
| Other operating charges | 640/8 | €1,035 | €13,113 | +€12,078 | +1,167% |
| Non-recurring operating charges | 66A | - | €2,067 | +€2,067 | |
| Gross operating margin | 9900 | -€48,846 | €20,953 | +€69,798 | |
| Operating profit (loss) | 9901 | -€95,995 | €482 | +€96,477 | |
| Financial income | 75/76B | €4 | €29 | +€25 | +625% |
| Recurring financial income | 75 | €4 | €29 | +€25 | +625% |
| Financial charges | 65/66B | €2,259 | €4,751 | +€2,492 | +110% |
| Recurring financial charges | 65 | €2,259 | €4,751 | +€2,492 | +110% |
| Profit (loss) for the period before taxes | 9903 | -€98,250 | -€4,239 | +€94,011 | +95.7% |
| Income taxes | 67/77 | €141 | €168 | +€26 | +18.7% |
| Profit (loss) for the period | 9904 | -€98,391 | -€4,407 | +€93,984 | +95.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€98,391 | -€4,407 | +€93,984 | +95.5% |
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 28 October 2026 via checked.be.