ANDREAS MANAGEMENT: 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.
ANDREAS MANAGEMENT
Largest movements
- Receivables within one year -€238,276
down €238,276 (-84.6%), from €281,690 to €43,415
of which Other amounts receivable: -€231,336
- Cash +€26,567
up €26,567 (+91.9%), from €28,924 to €55,491
mainly Receivables within one year (+€238,276) and Net result for the year (+€87,207)
- Tangible fixed assets +€25,109
up €25,109 (+1235.9%), from €2,032 to €27,140
of which Other tangible fixed assets: +€20,580
- Deferred charges and accrued income +€3,478
up €3,478 (+171.4%), from €2,029 to €5,507
- Reserves -€269,621
down €269,621 (-100.0%), from €269,621 to €0
- Other debts +€87,207
up €87,207, from €0 to €87,207
- Tax, wage and social debts -€11,316
down €11,316 (-29.0%), from €38,989 to €27,674
- Trade debts +€10,678
up €10,678 (+1073.7%), from €995 to €11,672
- Gross operating margin +€8,381
up €8,381 (+8.3%), from €100,466 to €108,847
- Financial income +€2,988
up €2,988 (+199.7%), from €1,496 to €4,484
- Taxes +€2,034
up €2,034 (+9.7%), from €21,042 to €23,076
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 | €314,675 | €131,553 | -€183,121 | -58.2% |
| Fixed assets | 21/28 | €2,032 | €27,140 | +€25,109 | +1235.9% |
| Tangible fixed assets | 22/27 | €2,032 | €27,140 | +€25,109 | +1235.9% |
| Plant, machinery and equipment | 23 | €2,032 | €1,777 | -€255 | -12.6% |
| Furniture and vehicles | 24 | - | €4,784 | +€4,784 | |
| Other tangible fixed assets | 26 | - | €20,580 | +€20,580 | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €312,643 | €104,413 | -€208,230 | -66.6% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €281,690 | €43,415 | -€238,276 | -84.6% |
| Trade receivables | 40 | €23,976 | €17,036 | -€6,940 | -28.9% |
| Other amounts receivable | 41 | €257,714 | €26,379 | -€231,336 | -89.8% |
| Cash at bank and in hand | 54/58 | €28,924 | €55,491 | +€26,567 | +91.9% |
| Deferred charges and accrued income | 490/1 | €2,029 | €5,507 | +€3,478 | +171.4% |
| Total equity and liabilities | 10/49 | €314,675 | €131,553 | -€183,121 | -58.2% |
| Equity | 10/15 | €274,621 | €5,000 | -€269,621 | -98.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €269,621 | €0 | -€269,621 | -100.0% |
| Distributable reserves | 133 | €269,621 | €0 | -€269,621 | -100.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €40,054 | €126,553 | +€86,500 | +216.0% |
| Amounts payable within one year | 42/48 | €39,988 | €126,553 | +€86,565 | +216.5% |
| Financial debts | 43 | €5 | €0 | -€5 | -100.0% |
| Credit institutions | 430/8 | €5 | €0 | -€5 | -100.0% |
| Trade debts | 44 | €995 | €11,672 | +€10,678 | +1073.7% |
| Suppliers | 440/4 | €995 | €11,672 | +€10,678 | +1073.7% |
| Taxes, remuneration and social security | 45 | €38,989 | €27,674 | -€11,316 | -29.0% |
| Taxes | 450/3 | €38,989 | €27,674 | -€11,316 | -29.0% |
| Other amounts payable | 47/48 | €0 | €87,207 | +€87,207 | |
| Accrued charges and deferred income | 492/3 | €65 | €0 | -€65 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €255 | €794 | +€539 | +211.3% |
| Other operating charges | 640/8 | €1,163 | €1,484 | +€321 | +27.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €100,466 | €108,847 | +€8,381 | +8.3% |
| Operating profit (loss) | 9901 | €99,048 | €106,569 | +€7,521 | +7.6% |
| Financial income | 75/76B | €1,496 | €4,484 | +€2,988 | +199.7% |
| Recurring financial income | 75 | €1,496 | €4,484 | +€2,988 | +199.7% |
| Financial charges | 65/66B | €1,185 | €770 | -€415 | -35.0% |
| Recurring financial charges | 65 | €1,185 | €770 | -€415 | -35.0% |
| Profit (loss) for the period before taxes | 9903 | €99,359 | €110,283 | +€10,924 | +11.0% |
| Income taxes | 67/77 | €21,042 | €23,076 | +€2,034 | +9.7% |
| Profit (loss) for the period | 9904 | €78,318 | €87,207 | +€8,890 | +11.4% |
| Profit (loss) for the period to be appropriated | 9905 | €78,318 | €87,207 | +€8,890 | +11.4% |
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 4 October 2026 via checked.be.