ANDREJ: 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.
ANDREJ
Largest movements
- Cash +€12,254
up €12,254 (+655%), from €1,872 to €14,126
mainly Depreciation (+€8,289) and Net result for the year (+€8,212)
- Receivables within one year -€6,987
down €6,987 (-17.7%), from €39,432 to €32,445
of which Trade receivables: -€6,297
- Tangible fixed assets -€4,245
down €4,245 (-26.4%), from €16,090 to €11,845
of which Leasing and similar rights: -€6,612
- Deferred charges and accrued income +€721
up €721 (+84.6%), from €852 to €1,572
- Profit (loss) carried forward +€15,204
up €15,204 (+65.6%), from €23,184 to €38,388
- Other debts -€12,698
down €12,698 (-54.9%), from €23,109 to €10,411
- Current portion of long-term debt -€2,861
down €2,861 (-100%), from €2,861 to €0
- Trade debts +€2,251
up €2,251 (+256%), from €878 to €3,129
- Turnover -€40,707
no longer reported in 2025 (was €40,707)
- Purchases and services -€33,079
no longer reported in 2025 (was €33,079)
- Gross operating margin +€10,355
up €10,355 (+136%), from €7,628 to €17,983
- Taxes -€4,000
no longer reported in 2025 (was €4,000)
- Depreciation +€1,376
up €1,376 (+19.9%), from €6,912 to €8,289
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 | €58,245 | €59,988 | +€1,743 | +3.0% |
| Fixed assets | 21/28 | €16,090 | €11,845 | -€4,245 | -26.4% |
| Tangible fixed assets | 22/27 | €16,090 | €11,845 | -€4,245 | -26.4% |
| Plant, machinery and equipment | 23 | - | €2,198 | +€2,198 | |
| Furniture and vehicles | 24 | €983 | €1,152 | +€169 | +17.1% |
| Leasing and similar rights | 25 | €15,107 | €8,495 | -€6,612 | -43.8% |
| Current assets | 29/58 | €42,155 | €48,143 | +€5,988 | +14.2% |
| Amounts receivable within one year | 40/41 | €39,432 | €32,445 | -€6,987 | -17.7% |
| Trade receivables | 40 | €37,796 | €31,499 | -€6,297 | -16.7% |
| Other amounts receivable | 41 | €1,636 | €946 | -€690 | -42.2% |
| Cash at bank and in hand | 54/58 | €1,872 | €14,126 | +€12,254 | +655% |
| Deferred charges and accrued income | 490/1 | €852 | €1,572 | +€721 | +84.6% |
| Total equity and liabilities | 10/49 | €58,245 | €59,988 | +€1,743 | +3.0% |
| Equity | 10/15 | €31,244 | €46,448 | +€15,204 | +48.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,184 | €38,388 | +€15,204 | +65.6% |
| Amounts payable | 17/49 | €27,001 | €13,541 | -€13,460 | -49.9% |
| Amounts payable within one year | 42/48 | €26,848 | €13,541 | -€13,308 | -49.6% |
| Current portion of amounts payable after more than one year | 42 | €2,861 | €0 | -€2,861 | -100% |
| Financial debts | 43 | - | €0 | = | |
| Credit institutions | 430/8 | - | €0 | = | |
| Trade debts | 44 | €878 | €3,129 | +€2,251 | +256% |
| Suppliers | 440/4 | €878 | €3,129 | +€2,251 | +256% |
| Taxes, remuneration and social security | 45 | - | €0 | = | |
| Taxes | 450/3 | - | €0 | = | |
| Other amounts payable | 47/48 | €23,109 | €10,411 | -€12,698 | -54.9% |
| Accrued charges and deferred income | 492/3 | €153 | - | -€153 | |
| Turnover | 70 | €40,707 | - | -€40,707 | |
| Goods, raw materials, services and sundry goods | 60/61 | €33,079 | - | -€33,079 | |
| Remuneration, social security and pensions | 62 | - | €378 | +€378 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,912 | €8,289 | +€1,376 | +19.9% |
| Other operating charges | 640/8 | €1,102 | €1,054 | -€47 | -4.3% |
| Non-recurring operating charges | 66A | €840 | - | -€840 | |
| Gross operating margin | 9900 | €7,628 | €17,983 | +€10,355 | +136% |
| Operating profit (loss) | 9901 | -€1,225 | €8,262 | +€9,487 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €731 | €50 | -€681 | -93.1% |
| Recurring financial charges | 65 | €731 | €50 | -€681 | -93.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,956 | €8,212 | +€10,168 | |
| Income taxes | 67/77 | €4,000 | - | -€4,000 | |
| Profit (loss) for the period | 9904 | -€5,956 | €8,212 | +€14,168 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,956 | €8,212 | +€14,168 |
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 18 October 2026 via checked.be.