Andres-Technics: 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.
Andres-Technics
Largest movements
- Cash -€16,360
down €16,360 (-18.3%), from €89,624 to €73,264
mainly Investment in fixed assets (net) (-€41,207) and Trade debts (-€28,629)
- Deferred charges and accrued income -€7,087
down €7,087 (-52.9%), from €13,386 to €6,299
- Trade debts -€28,629
down €28,629 (-48.1%), from €59,507 to €30,878
- Reserves +€9,436
up €9,436 (+4.8%), from €195,640 to €205,076
- Staff costs +€55,175
up €55,175 (+15686.3%), from €352 to €55,527
- Gross operating margin +€36,138
up €36,138 (+43.0%), from €84,052 to €120,190
- Taxes -€7,549
down €7,549 (-69.3%), from €10,891 to €3,342
- Depreciation +€6,460
up €6,460 (+21.0%), from €30,829 to €37,289
- Financial charges +€2,162
up €2,162 (+24.7%), from €8,765 to €10,927
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 | €611,553 | €590,245 | -€21,309 | -3.5% |
| Fixed assets | 21/28 | €385,427 | €389,345 | +€3,917 | +1.0% |
| Tangible fixed assets | 22/27 | €385,427 | €389,345 | +€3,917 | +1.0% |
| Land and buildings | 22 | €357,000 | €341,041 | -€15,959 | -4.5% |
| Plant, machinery and equipment | 23 | €5,637 | €32,434 | +€26,797 | +475.4% |
| Furniture and vehicles | 24 | €22,790 | €15,870 | -€6,921 | -30.4% |
| Current assets | 29/58 | €226,126 | €200,900 | -€25,226 | -11.2% |
| Stocks and contracts in progress | 3 | €7,546 | €8,392 | +€846 | +11.2% |
| Stocks | 30/36 | €7,546 | €8,392 | +€846 | +11.2% |
| Amounts receivable within one year | 40/41 | €115,570 | €112,945 | -€2,624 | -2.3% |
| Trade receivables | 40 | €58,871 | €58,042 | -€829 | -1.4% |
| Other amounts receivable | 41 | €56,699 | €54,903 | -€1,795 | -3.2% |
| Cash at bank and in hand | 54/58 | €89,624 | €73,264 | -€16,360 | -18.3% |
| Deferred charges and accrued income | 490/1 | €13,386 | €6,299 | -€7,087 | -52.9% |
| Total equity and liabilities | 10/49 | €611,553 | €590,245 | -€21,309 | -3.5% |
| Equity | 10/15 | €197,640 | €207,076 | +€9,436 | +4.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €195,640 | €205,076 | +€9,436 | +4.8% |
| Distributable reserves | 133 | €195,640 | €205,076 | +€9,436 | +4.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €413,913 | €383,169 | -€30,744 | -7.4% |
| Amounts payable after more than one year | 17 | €291,136 | €287,904 | -€3,232 | -1.1% |
| Financial debts | 170/4 | €291,136 | €287,904 | -€3,232 | -1.1% |
| Amounts payable within one year | 42/48 | €120,777 | €91,265 | -€29,512 | -24.4% |
| Current portion of amounts payable after more than one year | 42 | €28,244 | €30,415 | +€2,171 | +7.7% |
| Financial debts | 43 | €636 | €1,325 | +€689 | +108.3% |
| Credit institutions | 430/8 | €636 | €1,325 | +€689 | +108.3% |
| Trade debts | 44 | €59,507 | €30,878 | -€28,629 | -48.1% |
| Suppliers | 440/4 | €59,507 | €30,878 | -€28,629 | -48.1% |
| Taxes, remuneration and social security | 45 | €10,891 | €7,147 | -€3,744 | -34.4% |
| Taxes | 450/3 | €10,891 | €3,946 | -€6,944 | -63.8% |
| Remuneration and social security | 454/9 | - | €3,200 | +€3,200 | |
| Other amounts payable | 47/48 | €21,500 | €21,500 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,000 | €4,000 | +€2,000 | +100.0% |
| Remuneration, social security and pensions | 62 | €352 | €55,527 | +€55,175 | +15686.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,829 | €37,289 | +€6,460 | +21.0% |
| Other operating charges | 640/8 | €3,594 | €4,822 | +€1,228 | +34.2% |
| Gross operating margin | 9900 | €84,052 | €120,190 | +€36,138 | +43.0% |
| Operating profit (loss) | 9901 | €49,278 | €22,552 | -€26,725 | -54.2% |
| Financial income | 75/76B | €652 | €1,152 | +€501 | +76.8% |
| Recurring financial income | 75 | €652 | €1,152 | +€501 | +76.8% |
| Financial charges | 65/66B | €8,765 | €10,927 | +€2,162 | +24.7% |
| Recurring financial charges | 65 | €8,765 | €10,927 | +€2,162 | +24.7% |
| Profit (loss) for the period before taxes | 9903 | €41,164 | €12,778 | -€28,386 | -69.0% |
| Income taxes | 67/77 | €10,891 | €3,342 | -€7,549 | -69.3% |
| Profit (loss) for the period | 9904 | €30,273 | €9,436 | -€20,838 | -68.8% |
| Profit (loss) for the period to be appropriated | 9905 | €30,273 | €9,436 | -€20,838 | -68.8% |
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 1 October 2026 via checked.be.