ANDRIE: 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.
ANDRIE
Largest movements
- Tangible fixed assets -€322,542
down €322,542 (-11.4%), from €2.8m to €2.5m
of which Land and buildings: -€322,405
- Cash +€111,146
up €111,146 (+187.2%), from €59,366 to €170,512
mainly Investment in fixed assets (net) (+€229,056) and Depreciation (+€86,896)
- Profit (loss) carried forward +€231,533
up €231,533 (+14.6%), from -€1.6m to -€1.4m
- Debts after one year -€199,993
down €199,993 (-27.0%), from €741,729 to €541,736
- Reserves -€173,435
down €173,435 (-22.6%), from €766,346 to €592,911
- Current portion of long-term debt -€46,840
down €46,840 (-31.8%), from €147,197 to €100,357
- Other debts -€38,947
down €38,947 (-1.4%), from €2.8m to €2.8m
- Gross operating margin +€137,696
up €137,696 (+272.5%), from €50,531 to €188,227
- Financial income -€24,357
down €24,357 (-68.6%), from €35,531 to €11,173
- Financial charges -€14,166
down €14,166 (-26.8%), from €52,768 to €38,602
- Depreciation -€11,918
down €11,918 (-12.1%), from €98,814 to €86,896
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 | €3,740,259 | €3,512,808 | -€227,452 | -6.1% |
| Fixed assets | 21/28 | €2,824,870 | €2,508,918 | -€315,952 | -11.2% |
| Tangible fixed assets | 22/27 | €2,822,043 | €2,499,502 | -€322,542 | -11.4% |
| Land and buildings | 22 | €2,821,508 | €2,499,103 | -€322,405 | -11.4% |
| Furniture and vehicles | 24 | €536 | €399 | -€137 | -25.5% |
| Financial fixed assets | 28 | €2,827 | €9,417 | +€6,590 | +233.1% |
| Current assets | 29/58 | €915,389 | €1,003,889 | +€88,500 | +9.7% |
| Amounts receivable within one year | 40/41 | €10,820 | €3,872 | -€6,948 | -64.2% |
| Trade receivables | 40 | €1,210 | €96 | -€1,114 | -92.1% |
| Other amounts receivable | 41 | €9,610 | €3,776 | -€5,834 | -60.7% |
| Current investments | 50/53 | €840,000 | €826,000 | -€14,000 | -1.7% |
| Cash at bank and in hand | 54/58 | €59,366 | €170,512 | +€111,146 | +187.2% |
| Deferred charges and accrued income | 490/1 | €5,204 | €3,506 | -€1,698 | -32.6% |
| Total equity and liabilities | 10/49 | €3,740,259 | €3,512,808 | -€227,452 | -6.1% |
| Equity | 10/15 | -€4,861 | €53,237 | +€58,098 | |
| Contributions | 10/11 | €815,570 | €815,570 | = | 0.0% |
| Reserves | 13 | €766,346 | €592,911 | -€173,435 | -22.6% |
| Tax-exempt reserves | 132 | €766,346 | €592,911 | -€173,435 | -22.6% |
| Profit (loss) carried forward | 14 | -€1,586,777 | -€1,355,243 | +€231,533 | +14.6% |
| Amounts payable | 17/49 | €3,745,120 | €3,459,570 | -€285,550 | -7.6% |
| Amounts payable after more than one year | 17 | €741,729 | €541,736 | -€199,993 | -27.0% |
| Financial debts | 170/4 | €741,729 | €541,736 | -€199,993 | -27.0% |
| Amounts payable within one year | 42/48 | €2,978,735 | €2,893,821 | -€84,914 | -2.9% |
| Current portion of amounts payable after more than one year | 42 | €147,197 | €100,357 | -€46,840 | -31.8% |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €113 | €1,673 | +€1,560 | +1377.1% |
| Suppliers | 440/4 | €113 | €1,673 | +€1,560 | +1377.1% |
| Taxes, remuneration and social security | 45 | €687 | €0 | -€687 | -100.0% |
| Taxes | 450/3 | €687 | €0 | -€687 | -100.0% |
| Other amounts payable | 47/48 | €2,830,739 | €2,791,791 | -€38,947 | -1.4% |
| Accrued charges and deferred income | 492/3 | €24,656 | €24,013 | -€643 | -2.6% |
| Non-recurring operating income | 76A | - | €130,380 | +€130,380 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €98,814 | €86,896 | -€11,918 | -12.1% |
| Other operating charges | 640/8 | €15,567 | €15,804 | +€237 | +1.5% |
| Gross operating margin | 9900 | €50,531 | €188,227 | +€137,696 | +272.5% |
| Operating profit (loss) | 9901 | -€63,851 | €85,527 | +€149,378 | |
| Financial income | 75/76B | €35,531 | €11,173 | -€24,357 | -68.6% |
| Recurring financial income | 75 | €35,531 | €11,173 | -€24,357 | -68.6% |
| Financial charges | 65/66B | €52,768 | €38,602 | -€14,166 | -26.8% |
| Recurring financial charges | 65 | €52,768 | €38,602 | -€14,166 | -26.8% |
| Profit (loss) for the period before taxes | 9903 | -€81,088 | €58,098 | +€139,186 | |
| Profit (loss) for the period | 9904 | -€81,088 | €58,098 | +€139,186 | |
| Transfer from tax-exempt reserves | 789 | €45,504 | €173,435 | +€127,931 | +281.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,584 | €231,533 | +€267,117 |
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 6 October 2026 via checked.be.