ANDRIES: 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.
ANDRIES
Largest movements
- Tangible fixed assets +€86,326
up €86,326 (+97.3%), from €88,746 to €175,072
of which Furniture and vehicles: +€116,194
- Cash -€56,030
down €56,030 (-98.6%), from €56,848 to €818
mainly Investment in fixed assets (net) (-€137,926) and Receivables within one year (-€12,230)
- Receivables within one year +€12,230
up €12,230 (+473.9%), from €2,581 to €14,811
of which Other amounts receivable: +€8,337
- Other debts +€39,721
up €39,721 (+28.6%), from €139,039 to €178,760
- Reserves -€5,450
down €5,450 (-12.5%), from €43,490 to €38,040
- Trade debts +€4,860
new in 2025: €4,860
- Current portion of long-term debt +€3,652
new in 2025: €3,652
- Gross operating margin -€14,394
down €14,394 (-22.6%), from €63,653 to €49,259
- Other operating charges +€2,720
up €2,720 (+626.7%), from €434 to €3,154
- Depreciation +€2,717
up €2,717 (+5.6%), from €48,832 to €51,549
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 | €201,286 | €243,911 | +€42,626 | +21.2% |
| Fixed assets | 21/28 | €88,872 | €175,249 | +€86,377 | +97.2% |
| Tangible fixed assets | 22/27 | €88,746 | €175,072 | +€86,326 | +97.3% |
| Plant, machinery and equipment | 23 | €82,689 | €52,821 | -€29,868 | -36.1% |
| Furniture and vehicles | 24 | €6,057 | €122,251 | +€116,194 | +1918.4% |
| Financial fixed assets | 28 | €126 | €177 | +€51 | +40.5% |
| Current assets | 29/58 | €112,413 | €68,662 | -€43,751 | -38.9% |
| Stocks and contracts in progress | 3 | €46,550 | €47,500 | +€950 | +2.0% |
| Stocks | 30/36 | €46,550 | €47,500 | +€950 | +2.0% |
| Amounts receivable within one year | 40/41 | €2,581 | €14,811 | +€12,230 | +473.9% |
| Trade receivables | 40 | €2,240 | €6,134 | +€3,893 | +173.8% |
| Other amounts receivable | 41 | €340 | €8,677 | +€8,337 | +2448.7% |
| Cash at bank and in hand | 54/58 | €56,848 | €818 | -€56,030 | -98.6% |
| Deferred charges and accrued income | 490/1 | €6,435 | €5,533 | -€902 | -14.0% |
| Total equity and liabilities | 10/49 | €201,286 | €243,911 | +€42,626 | +21.2% |
| Equity | 10/15 | €62,090 | €56,640 | -€5,450 | -8.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €43,490 | €38,040 | -€5,450 | -12.5% |
| Distributable reserves | 133 | €43,490 | €38,040 | -€5,450 | -12.5% |
| Amounts payable | 17/49 | €139,195 | €187,272 | +€48,076 | +34.5% |
| Amounts payable within one year | 42/48 | €139,195 | €187,272 | +€48,076 | +34.5% |
| Current portion of amounts payable after more than one year | 42 | - | €3,652 | +€3,652 | |
| Trade debts | 44 | - | €4,860 | +€4,860 | |
| Suppliers | 440/4 | - | €4,860 | +€4,860 | |
| Taxes, remuneration and social security | 45 | €157 | - | -€157 | |
| Taxes | 450/3 | €157 | - | -€157 | |
| Other amounts payable | 47/48 | €139,039 | €178,760 | +€39,721 | +28.6% |
| Non-recurring operating income | 76A | €149 | €0 | -€149 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,832 | €51,549 | +€2,717 | +5.6% |
| Other operating charges | 640/8 | €434 | €3,154 | +€2,720 | +626.7% |
| Gross operating margin | 9900 | €63,653 | €49,259 | -€14,394 | -22.6% |
| Operating profit (loss) | 9901 | €14,387 | -€5,444 | -€19,831 | |
| Financial income | 75/76B | €52 | €34 | -€17 | -33.6% |
| Recurring financial income | 75 | €52 | €34 | -€17 | -33.6% |
| Financial charges | 65/66B | €50 | €41 | -€9 | -18.0% |
| Recurring financial charges | 65 | €40 | €41 | +€1 | +2.3% |
| Non-recurring financial charges | 66B | €10 | €0 | -€10 | -99.7% |
| Profit (loss) for the period before taxes | 9903 | €14,389 | -€5,450 | -€19,839 | |
| Income taxes | 67/77 | €51 | - | -€51 | |
| Profit (loss) for the period | 9904 | €14,338 | -€5,450 | -€19,788 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,338 | -€5,450 | -€19,788 |
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 12 October 2026 via checked.be.