Andreco: 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.
Andreco
Largest movements
- Cash +€62,089
up €62,089 (+158.4%), from €39,205 to €101,294
mainly Net result for the year (+€56,848) and Receivables within one year (+€15,022)
- Tangible fixed assets -€21,480
down €21,480 (-98.4%), from €21,824 to €344
of which Furniture and vehicles: -€21,425
- Stocks and contracts +€17,750
up €17,750 (+9.4%), from €188,338 to €206,088
- Receivables within one year -€15,022
down €15,022 (-88.2%), from €17,039 to €2,016
of which Trade receivables: -€15,857
- Reserves +€57,000
up €57,000 (+38.5%), from €148,000 to €205,000
- Other debts -€25,629
down €25,629 (-23.9%), from €107,403 to €81,774
- Accrued charges and deferred income +€7,745
new in 2025: €7,745
- Gross operating margin +€18,034
up €18,034 (+25.1%), from €71,747 to €89,780
- Taxes +€4,904
up €4,904 (+44.9%), from €10,913 to €15,817
- Depreciation -€4,622
down €4,622 (-37.1%), from €12,447 to €7,825
- Other operating charges +€927
up €927 (+126.5%), from €733 to €1,660
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 | €267,722 | €310,603 | +€42,881 | +16.0% |
| Fixed assets | 21/28 | €21,824 | €344 | -€21,480 | -98.4% |
| Tangible fixed assets | 22/27 | €21,824 | €344 | -€21,480 | -98.4% |
| Plant, machinery and equipment | 23 | €186 | €131 | -€55 | -29.6% |
| Furniture and vehicles | 24 | €21,638 | €214 | -€21,425 | -99.0% |
| Current assets | 29/58 | €245,898 | €310,259 | +€64,361 | +26.2% |
| Stocks and contracts in progress | 3 | €188,338 | €206,088 | +€17,750 | +9.4% |
| Stocks | 30/36 | €188,338 | €206,088 | +€17,750 | +9.4% |
| Amounts receivable within one year | 40/41 | €17,039 | €2,016 | -€15,022 | -88.2% |
| Trade receivables | 40 | €15,912 | €54 | -€15,857 | -99.7% |
| Other amounts receivable | 41 | €1,127 | €1,962 | +€835 | +74.1% |
| Cash at bank and in hand | 54/58 | €39,205 | €101,294 | +€62,089 | +158.4% |
| Deferred charges and accrued income | 490/1 | €1,316 | €860 | -€456 | -34.6% |
| Total equity and liabilities | 10/49 | €267,722 | €310,603 | +€42,881 | +16.0% |
| Equity | 10/15 | €151,006 | €207,854 | +€56,848 | +37.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €148,000 | €205,000 | +€57,000 | +38.5% |
| Distributable reserves | 133 | €148,000 | €205,000 | +€57,000 | +38.5% |
| Profit (loss) carried forward | 14 | €506 | €354 | -€152 | -30.0% |
| Amounts payable | 17/49 | €116,717 | €102,749 | -€13,968 | -12.0% |
| Amounts payable within one year | 42/48 | €116,717 | €95,004 | -€21,713 | -18.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €3,781 | €6,412 | +€2,631 | +69.6% |
| Suppliers | 440/4 | €3,781 | €6,412 | +€2,631 | +69.6% |
| Taxes, remuneration and social security | 45 | €5,532 | €6,817 | +€1,285 | +23.2% |
| Taxes | 450/3 | €5,532 | €6,817 | +€1,285 | +23.2% |
| Other amounts payable | 47/48 | €107,403 | €81,774 | -€25,629 | -23.9% |
| Accrued charges and deferred income | 492/3 | - | €7,745 | +€7,745 | |
| Non-recurring operating income | 76A | - | €24,845 | +€24,845 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,447 | €7,825 | -€4,622 | -37.1% |
| Other operating charges | 640/8 | €733 | €1,660 | +€927 | +126.5% |
| Gross operating margin | 9900 | €71,747 | €89,780 | +€18,034 | +25.1% |
| Operating profit (loss) | 9901 | €58,567 | €80,296 | +€21,729 | +37.1% |
| Financial income | 75/76B | - | €265 | +€265 | |
| Recurring financial income | 75 | - | €265 | +€265 | |
| Financial charges | 65/66B | €7,758 | €7,895 | +€137 | +1.8% |
| Recurring financial charges | 65 | €7,758 | €7,895 | +€137 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | €50,809 | €72,666 | +€21,857 | +43.0% |
| Income taxes | 67/77 | €10,913 | €15,817 | +€4,904 | +44.9% |
| Profit (loss) for the period | 9904 | €39,896 | €56,848 | +€16,952 | +42.5% |
| Profit (loss) for the period to be appropriated | 9905 | €39,896 | €56,848 | +€16,952 | +42.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.