Andremare: 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.
Andremare
Largest movements
- Receivables after one year +€48,228
new in 2025: €48,228
- Cash -€4,569
down €4,569 (-9.1%), from €50,344 to €45,775
mainly Receivables after one year (-€48,228) and Investment in fixed assets (net) (-€4,760)
- Tangible fixed assets +€3,915
up €3,915 (+253%), from €1,545 to €5,460
of which Plant, machinery and equipment: +€4,623
- Reserves +€46,995
up €46,995 (+91.4%), from €51,423 to €98,418
- Short-term financial debts -€2,994
down €2,994 (-29.8%), from €10,030 to €7,036
- Tax, wage and social debts +€1,909
up €1,909 (+43.1%), from €4,432 to €6,341
of which Taxes: +€1,569
- Gross operating margin +€5,754
up €5,754 (+10.2%), from €56,610 to €62,363
- Taxes +€1,682
up €1,682 (+13.3%), from €12,641 to €14,324
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 | €69,674 | €116,216 | +€46,542 | +66.8% |
| Fixed assets | 21/28 | €1,545 | €5,460 | +€3,915 | +253% |
| Tangible fixed assets | 22/27 | €1,545 | €5,460 | +€3,915 | +253% |
| Plant, machinery and equipment | 23 | - | €4,623 | +€4,623 | |
| Furniture and vehicles | 24 | €1,545 | €837 | -€708 | -45.8% |
| Current assets | 29/58 | €68,129 | €110,756 | +€42,627 | +62.6% |
| Amounts receivable after more than one year | 29 | - | €48,228 | +€48,228 | |
| Other amounts receivable | 291 | - | €48,228 | +€48,228 | |
| Amounts receivable within one year | 40/41 | €17,719 | €16,703 | -€1,017 | -5.7% |
| Trade receivables | 40 | €12,254 | €14,026 | +€1,773 | +14.5% |
| Other amounts receivable | 41 | €5,466 | €2,676 | -€2,790 | -51.0% |
| Cash at bank and in hand | 54/58 | €50,344 | €45,775 | -€4,569 | -9.1% |
| Deferred charges and accrued income | 490/1 | €66 | €50 | -€16 | -23.8% |
| Total equity and liabilities | 10/49 | €69,674 | €116,216 | +€46,542 | +66.8% |
| Equity | 10/15 | €53,423 | €100,418 | +€46,995 | +88.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €51,423 | €98,418 | +€46,995 | +91.4% |
| Distributable reserves | 133 | €51,423 | €98,418 | +€46,995 | +91.4% |
| Amounts payable | 17/49 | €16,251 | €15,798 | -€453 | -2.8% |
| Amounts payable within one year | 42/48 | €16,251 | €15,465 | -€786 | -4.8% |
| Financial debts | 43 | €10,030 | €7,036 | -€2,994 | -29.8% |
| Credit institutions | 430/8 | €10,030 | €7,036 | -€2,994 | -29.8% |
| Trade debts | 44 | €1,789 | €2,088 | +€299 | +16.7% |
| Suppliers | 440/4 | €1,789 | €2,088 | +€299 | +16.7% |
| Taxes, remuneration and social security | 45 | €4,432 | €6,341 | +€1,909 | +43.1% |
| Taxes | 450/3 | €4,432 | €6,001 | +€1,569 | +35.4% |
| Remuneration and social security | 454/9 | - | €340 | +€340 | |
| Accrued charges and deferred income | 492/3 | - | €333 | +€333 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €578 | €844 | +€266 | +46.0% |
| Other operating charges | 640/8 | €374 | €451 | +€77 | +20.7% |
| Gross operating margin | 9900 | €56,610 | €62,363 | +€5,754 | +10.2% |
| Operating profit (loss) | 9901 | €55,658 | €61,068 | +€5,410 | +9.7% |
| Financial income | 75/76B | €173 | €681 | +€508 | +293% |
| Recurring financial income | 75 | €173 | €681 | +€508 | +293% |
| Financial charges | 65/66B | €329 | €430 | +€100 | +30.5% |
| Recurring financial charges | 65 | €329 | €430 | +€100 | +30.5% |
| Profit (loss) for the period before taxes | 9903 | €55,502 | €61,319 | +€5,817 | +10.5% |
| Income taxes | 67/77 | €12,641 | €14,324 | +€1,682 | +13.3% |
| Profit (loss) for the period | 9904 | €42,860 | €46,995 | +€4,135 | +9.6% |
| Profit (loss) for the period to be appropriated | 9905 | €42,860 | €46,995 | +€4,135 | +9.6% |
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 13 October 2026 via checked.be.