ANDRIEL: 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.
ANDRIEL
Largest movements
- Tangible fixed assets -€49,577
down €49,577 (-2.8%), from €1.8m to €1.7m
of which Land and buildings: -€48,252
- Other debts -€33,880
down €33,880 (-3.7%), from €921,493 to €887,613
- Debts after one year -€23,664
down €23,664 (-2.8%), from €849,318 to €825,654
of which Financial debts: -€27,864
- Gross operating margin +€4,509
up €4,509 (+5.2%), from €86,486 to €90,994
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 | €1,779,507 | €1,730,485 | -€49,022 | -2.8% |
| Fixed assets | 21/28 | €1,769,365 | €1,719,788 | -€49,577 | -2.8% |
| Tangible fixed assets | 22/27 | €1,765,465 | €1,715,888 | -€49,577 | -2.8% |
| Land and buildings | 22 | €1,722,017 | €1,673,764 | -€48,252 | -2.8% |
| Other tangible fixed assets | 26 | €43,449 | €42,123 | -€1,325 | -3.1% |
| Financial fixed assets | 28 | €3,900 | €3,900 | = | 0.0% |
| Current assets | 29/58 | €10,141 | €10,697 | +€556 | +5.5% |
| Cash at bank and in hand | 54/58 | €10,141 | €10,697 | +€556 | +5.5% |
| Total equity and liabilities | 10/49 | €1,779,507 | €1,730,485 | -€49,022 | -2.8% |
| Equity | 10/15 | €8,696 | €17,218 | +€8,522 | +98.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €250 | €250 | = | 0.0% |
| Non-distributable reserves | 130/1 | €250 | €250 | = | 0.0% |
| Reserves not available under the articles | 1311 | €250 | €250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,946 | €14,468 | +€8,522 | +143.3% |
| Amounts payable | 17/49 | €1,770,811 | €1,713,267 | -€57,544 | -3.2% |
| Amounts payable after more than one year | 17 | €849,318 | €825,654 | -€23,664 | -2.8% |
| Financial debts | 170/4 | €837,318 | €809,454 | -€27,864 | -3.3% |
| Other amounts payable | 178/9 | €12,000 | €16,200 | +€4,200 | +35.0% |
| Amounts payable within one year | 42/48 | €921,493 | €887,613 | -€33,880 | -3.7% |
| Other amounts payable | 47/48 | €921,493 | €887,613 | -€33,880 | -3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,806 | €54,276 | +€470 | +0.9% |
| Other operating charges | 640/8 | €7,514 | €7,750 | +€236 | +3.1% |
| Gross operating margin | 9900 | €86,486 | €90,994 | +€4,509 | +5.2% |
| Operating profit (loss) | 9901 | €25,165 | €28,968 | +€3,803 | +15.1% |
| Financial charges | 65/66B | €21,128 | €20,446 | -€682 | -3.2% |
| Recurring financial charges | 65 | €21,128 | €20,446 | -€682 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | €4,036 | €8,522 | +€4,486 | +111.1% |
| Profit (loss) for the period | 9904 | €4,036 | €8,522 | +€4,486 | +111.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,036 | €8,522 | +€4,486 | +111.1% |
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 3 October 2026 via checked.be.