ANDRIMO: 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.
ANDRIMO
Largest movements
- Tangible fixed assets +€1.3m
up €1.3m (+5.6%), from €22.3m to €23.6m
- Receivables within one year -€713,906
down €713,906 (-83.8%), from €851,629 to €137,722
of which Other amounts receivable: -€707,553
- Cash -€331,977
down €331,977 (-34.2%), from €971,354 to €639,377
mainly Investment in fixed assets (net) (-€1.9m) and Contributions, distributions and other (-€952,451)
- Reserves +€1.2m
up €1.2m (+240%), from €514,140 to €1.7m
of which Tax-exempt reserves: +€1.1m
- Revaluation surpluses -€1.0m
down €1.0m (-18.7%), from €5.6m to €4.6m
- Debts after one year -€819,747
down €819,747 (-5.4%), from €15.1m to €14.3m
- Profit (loss) carried forward +€646,479
up €646,479 (+80.6%), from €802,371 to €1.4m
- Provisions +€379,538
new in 2025: €379,538
- Gross operating margin +€2.0m
up €2.0m (+117%), from €1.7m to €3.8m
- Taxes +€166,870
up €166,870 (+196%), from €84,957 to €251,826
- Financial income -€123,076
no longer reported in 2025 (was €123,076)
- Depreciation +€68,951
up €68,951 (+13.1%), from €528,098 to €597,049
- Financial charges -€45,424
down €45,424 (-8.9%), from €509,605 to €464,181
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 | €24,907,222 | €25,097,578 | +€190,356 | +0.8% |
| Fixed assets | 21/28 | €23,040,827 | €24,320,478 | +€1.3m | +5.6% |
| Tangible fixed assets | 22/27 | €22,305,164 | €23,565,158 | +€1.3m | +5.6% |
| Land and buildings | 22 | €22,305,164 | €23,565,158 | +€1.3m | +5.6% |
| Financial fixed assets | 28 | €735,663 | €755,321 | +€19,658 | +2.7% |
| Current assets | 29/58 | €1,866,395 | €777,099 | -€1.1m | -58.4% |
| Amounts receivable within one year | 40/41 | €851,629 | €137,722 | -€713,906 | -83.8% |
| Trade receivables | 40 | €144,076 | €137,722 | -€6,353 | -4.4% |
| Other amounts receivable | 41 | €707,553 | - | -€707,553 | |
| Cash at bank and in hand | 54/58 | €971,354 | €639,377 | -€331,977 | -34.2% |
| Deferred charges and accrued income | 490/1 | €43,412 | - | -€43,412 | |
| Total equity and liabilities | 10/49 | €24,907,222 | €25,097,578 | +€190,356 | +0.8% |
| Equity | 10/15 | €8,389,421 | €9,222,062 | +€832,641 | +9.9% |
| Contributions | 10/11 | €1,472,488 | €1,472,488 | = | 0.0% |
| Capital | 10 | €1,472,488 | €1,472,488 | = | 0.0% |
| Issued capital | 100 | €1,472,488 | €1,472,488 | = | 0.0% |
| Revaluation surpluses | 12 | €5,600,421 | €4,551,831 | -€1.0m | -18.7% |
| Reserves | 13 | €514,140 | €1,748,894 | +€1.2m | +240% |
| Non-distributable reserves | 130/1 | €147,249 | €147,249 | = | 0.0% |
| Legal reserve | 130 | €147,249 | €147,249 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €1,138,614 | +€1.1m | |
| Distributable reserves | 133 | €366,892 | €463,031 | +€96,140 | +26.2% |
| Profit (loss) carried forward | 14 | €802,371 | €1,448,850 | +€646,479 | +80.6% |
| Provisions and deferred taxes | 16 | - | €379,538 | +€379,538 | |
| Deferred taxes | 168 | - | €379,538 | +€379,538 | |
| Amounts payable | 17/49 | €16,517,801 | €15,495,978 | -€1.0m | -6.2% |
| Amounts payable after more than one year | 17 | €15,077,087 | €14,257,340 | -€819,747 | -5.4% |
| Financial debts | 170/4 | €15,077,087 | €14,257,340 | -€819,747 | -5.4% |
| Amounts payable within one year | 42/48 | €1,150,850 | €1,004,197 | -€146,652 | -12.7% |
| Current portion of amounts payable after more than one year | 42 | €819,747 | €819,747 | = | 0.0% |
| Trade debts | 44 | €246,146 | €58,714 | -€187,432 | -76.1% |
| Suppliers | 440/4 | €246,146 | €58,714 | -€187,432 | -76.1% |
| Taxes, remuneration and social security | 45 | €84,957 | €125,737 | +€40,780 | +48.0% |
| Taxes | 450/3 | €84,957 | €125,737 | +€40,780 | +48.0% |
| Accrued charges and deferred income | 492/3 | €289,865 | €234,440 | -€55,424 | -19.1% |
| Non-recurring operating income | 76A | - | €1,546,200 | +€1.5m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €528,098 | €597,049 | +€68,951 | +13.1% |
| Other operating charges | 640/8 | €276,685 | €277,889 | +€1,204 | +0.4% |
| Non-recurring operating charges | 66A | €36,883 | - | -€36,883 | |
| Gross operating margin | 9900 | €1,727,355 | €3,755,576 | +€2.0m | +117% |
| Operating profit (loss) | 9901 | €885,690 | €2,880,638 | +€2.0m | +225% |
| Financial income | 75/76B | €123,076 | - | -€123,076 | |
| Recurring financial income | 75 | €123,076 | - | -€123,076 | |
| Financial charges | 65/66B | €509,605 | €464,181 | -€45,424 | -8.9% |
| Recurring financial charges | 65 | €509,605 | €464,181 | -€45,424 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | €499,160 | €2,416,457 | +€1.9m | +384% |
| Transfer from deferred taxes | 780 | - | €7,012 | +€7,012 | |
| Transfer to deferred taxes | 680 | - | €386,550 | +€386,550 | |
| Income taxes | 67/77 | €84,957 | €251,826 | +€166,870 | +196% |
| Profit (loss) for the period | 9904 | €414,203 | €1,785,092 | +€1.4m | +331% |
| Transfer from tax-exempt reserves | 789 | - | €21,036 | +€21,036 | |
| Transfer to tax-exempt reserves | 689 | - | €1,159,650 | +€1.2m | |
| Profit (loss) for the period to be appropriated | 9905 | €414,203 | €646,479 | +€232,275 | +56.1% |
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 26 October 2026 via checked.be.