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 -€43,488
down €43,488 (-18.1%), from €240,623 to €197,135
of which Plant, machinery and equipment: -€34,917
- Stocks and contracts +€28,890
up €28,890 (+4.6%), from €634,184 to €663,074
- Cash -€10,318
down €10,318 (-12.0%), from €86,240 to €75,922
mainly Other debts (-€192,300) and Net result for the year (-€53,920)
- Other debts -€192,300
down €192,300 (-78.4%), from €245,426 to €53,127
- Debts after one year +€184,257
up €184,257 (+1,336%), from €13,796 to €198,053
- Reserves -€53,920
down €53,920 (-49.9%), from €108,065 to €54,145
of which Distributable reserves: -€53,920
- Current portion of long-term debt +€40,664
up €40,664 (+667%), from €6,094 to €46,759
- Trade debts -€33,214
down €33,214 (-20.7%), from €160,580 to €127,366
- Staff costs +€109,241
up €109,241 (+53.4%), from €204,489 to €313,730
- Gross operating margin +€39,379
up €39,379 (+12.3%), from €319,963 to €359,342
- Depreciation +€19,074
up €19,074 (+37.3%), from €51,141 to €70,215
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 | €985,239 | €956,115 | -€29,123 | -3.0% |
| Fixed assets | 21/28 | €243,266 | €199,778 | -€43,488 | -17.9% |
| Tangible fixed assets | 22/27 | €240,623 | €197,135 | -€43,488 | -18.1% |
| Plant, machinery and equipment | 23 | €213,256 | €178,338 | -€34,917 | -16.4% |
| Furniture and vehicles | 24 | €593 | €499 | -€94 | -15.9% |
| Leasing and similar rights | 25 | €3,462 | €0 | -€3,462 | -100% |
| Other tangible fixed assets | 26 | €23,313 | €18,298 | -€5,015 | -21.5% |
| Financial fixed assets | 28 | €2,642 | €2,642 | = | 0.0% |
| Current assets | 29/58 | €741,973 | €756,338 | +€14,365 | +1.9% |
| Stocks and contracts in progress | 3 | €634,184 | €663,074 | +€28,890 | +4.6% |
| Stocks | 30/36 | €634,184 | €663,074 | +€28,890 | +4.6% |
| Amounts receivable within one year | 40/41 | €21,550 | €17,342 | -€4,207 | -19.5% |
| Trade receivables | 40 | €10,213 | €9,542 | -€671 | -6.6% |
| Other amounts receivable | 41 | €11,336 | €7,800 | -€3,537 | -31.2% |
| Cash at bank and in hand | 54/58 | €86,240 | €75,922 | -€10,318 | -12.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €985,239 | €956,115 | -€29,123 | -3.0% |
| Equity | 10/15 | €126,657 | €72,737 | -€53,920 | -42.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €108,065 | €54,145 | -€53,920 | -49.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €108,065 | €54,145 | -€53,920 | -49.9% |
| Amounts payable | 17/49 | €858,581 | €883,378 | +€24,797 | +2.9% |
| Amounts payable after more than one year | 17 | €13,796 | €198,053 | +€184,257 | +1,336% |
| Financial debts | 170/4 | €13,796 | €198,053 | +€184,257 | +1,336% |
| Amounts payable within one year | 42/48 | €842,313 | €682,601 | -€159,712 | -19.0% |
| Current portion of amounts payable after more than one year | 42 | €6,094 | €46,759 | +€40,664 | +667% |
| Financial debts | 43 | €329,867 | €341,105 | +€11,238 | +3.4% |
| Credit institutions | 430/8 | €329,867 | €341,105 | +€11,238 | +3.4% |
| Trade debts | 44 | €160,580 | €127,366 | -€33,214 | -20.7% |
| Suppliers | 440/4 | €160,580 | €127,366 | -€33,214 | -20.7% |
| Taxes, remuneration and social security | 45 | €100,346 | €114,244 | +€13,898 | +13.9% |
| Taxes | 450/3 | €39,888 | €41,683 | +€1,795 | +4.5% |
| Remuneration and social security | 454/9 | €60,457 | €72,561 | +€12,103 | +20.0% |
| Other amounts payable | 47/48 | €245,426 | €53,127 | -€192,300 | -78.4% |
| Accrued charges and deferred income | 492/3 | €2,472 | €2,724 | +€252 | +10.2% |
| Non-recurring operating income | 76A | €2,221 | €0 | -€2,221 | -100% |
| Remuneration, social security and pensions | 62 | €204,489 | €313,730 | +€109,241 | +53.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,141 | €70,215 | +€19,074 | +37.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €4,951 | €2,252 | -€2,700 | -54.5% |
| Gross operating margin | 9900 | €319,963 | €359,342 | +€39,379 | +12.3% |
| Operating profit (loss) | 9901 | €59,382 | -€26,855 | -€86,236 | |
| Financial income | 75/76B | €3,295 | €3,511 | +€216 | +6.6% |
| Recurring financial income | 75 | €3,295 | €3,511 | +€216 | +6.6% |
| Financial charges | 65/66B | €31,802 | €30,386 | -€1,415 | -4.5% |
| Recurring financial charges | 65 | €31,802 | €30,386 | -€1,415 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | €30,875 | -€53,730 | -€84,605 | |
| Income taxes | 67/77 | €159 | €190 | +€31 | +19.7% |
| Profit (loss) for the period | 9904 | €30,716 | -€53,920 | -€84,636 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,716 | -€53,920 | -€84,636 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.