ANDROGYN: 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.
ANDROGYN
Largest movements
- Receivables within one year -€93,917
down €93,917 (-64.1%), from €146,409 to €52,492
of which Trade receivables: -€54,535
- Tangible fixed assets -€24,088
down €24,088 (-16.4%), from €147,021 to €122,933
of which Other tangible fixed assets: -€22,597
- Deferred charges and accrued income +€11,821
up €11,821 (+843.6%), from €1,401 to €13,222
- Cash -€8,353
down €8,353 (-15.6%), from €53,389 to €45,035
mainly Trade debts (-€64,194) and Debts after one year (-€28,526)
- Stocks and contracts +€4,938
up €4,938 (+71.9%), from €6,869 to €11,807
- Trade debts -€64,194
down €64,194 (-59.9%), from €107,128 to €42,933
- Debts after one year -€28,526
down €28,526 (-29.5%), from €96,672 to €68,146
- Tax, wage and social debts -€19,498
down €19,498 (-57.2%), from €34,077 to €14,579
of which Taxes: -€17,686
- Advances received +€5,300
new in 2025: €5,300
- Staff costs -€10,750
down €10,750 (-10.8%), from €99,778 to €89,027
- Write-downs +€10,531
up €10,531, from -€10,531 to €0
- Gross operating margin -€6,741
down €6,741 (-5.0%), from €133,737 to €126,996
- Other operating charges -€5,992
down €5,992 (-55.4%), from €10,816 to €4,824
- Depreciation +€5,570
up €5,570 (+30.1%), from €18,518 to €24,088
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 | €355,089 | €245,490 | -€109,599 | -30.9% |
| Fixed assets | 21/28 | €147,021 | €122,933 | -€24,088 | -16.4% |
| Tangible fixed assets | 22/27 | €147,021 | €122,933 | -€24,088 | -16.4% |
| Plant, machinery and equipment | 23 | €2,662 | €2,005 | -€658 | -24.7% |
| Furniture and vehicles | 24 | €1,561 | €727 | -€834 | -53.4% |
| Other tangible fixed assets | 26 | €142,798 | €120,201 | -€22,597 | -15.8% |
| Current assets | 29/58 | €208,068 | €122,557 | -€85,511 | -41.1% |
| Stocks and contracts in progress | 3 | €6,869 | €11,807 | +€4,938 | +71.9% |
| Stocks | 30/36 | €6,869 | €11,807 | +€4,938 | +71.9% |
| Amounts receivable within one year | 40/41 | €146,409 | €52,492 | -€93,917 | -64.1% |
| Trade receivables | 40 | €105,042 | €50,507 | -€54,535 | -51.9% |
| Other amounts receivable | 41 | €41,367 | €1,985 | -€39,382 | -95.2% |
| Cash at bank and in hand | 54/58 | €53,389 | €45,035 | -€8,353 | -15.6% |
| Deferred charges and accrued income | 490/1 | €1,401 | €13,222 | +€11,821 | +843.6% |
| Total equity and liabilities | 10/49 | €355,089 | €245,490 | -€109,599 | -30.9% |
| Equity | 10/15 | €83,174 | €84,008 | +€834 | +1.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €76,974 | €77,808 | +€834 | +1.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €75,114 | €75,948 | +€834 | +1.1% |
| Amounts payable | 17/49 | €271,915 | €161,482 | -€110,434 | -40.6% |
| Amounts payable after more than one year | 17 | €96,672 | €68,146 | -€28,526 | -29.5% |
| Financial debts | 170/4 | €96,672 | €68,146 | -€28,526 | -29.5% |
| Amounts payable within one year | 42/48 | €175,096 | €93,335 | -€81,760 | -46.7% |
| Current portion of amounts payable after more than one year | 42 | €31,018 | €29,943 | -€1,075 | -3.5% |
| Trade debts | 44 | €107,128 | €42,933 | -€64,194 | -59.9% |
| Suppliers | 440/4 | €107,128 | €42,933 | -€64,194 | -59.9% |
| Advances received on contracts in progress | 46 | - | €5,300 | +€5,300 | |
| Taxes, remuneration and social security | 45 | €34,077 | €14,579 | -€19,498 | -57.2% |
| Taxes | 450/3 | €26,284 | €8,597 | -€17,686 | -67.3% |
| Remuneration and social security | 454/9 | €7,793 | €5,982 | -€1,811 | -23.2% |
| Other amounts payable | 47/48 | €2,874 | €581 | -€2,293 | -79.8% |
| Accrued charges and deferred income | 492/3 | €147 | €0 | -€147 | -100.0% |
| Non-recurring operating income | 76A | €2,320 | €0 | -€2,320 | -100.0% |
| Remuneration, social security and pensions | 62 | €99,778 | €89,027 | -€10,750 | -10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,518 | €24,088 | +€5,570 | +30.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€10,531 | €0 | +€10,531 | |
| Other operating charges | 640/8 | €10,816 | €4,824 | -€5,992 | -55.4% |
| Gross operating margin | 9900 | €133,737 | €126,996 | -€6,741 | -5.0% |
| Operating profit (loss) | 9901 | €15,156 | €9,057 | -€6,100 | -40.2% |
| Financial income | 75/76B | €190 | €320 | +€130 | +68.3% |
| Recurring financial income | 75 | €190 | €320 | +€130 | +68.3% |
| Financial charges | 65/66B | €6,423 | €6,389 | -€33 | -0.5% |
| Recurring financial charges | 65 | €6,423 | €6,389 | -€33 | -0.5% |
| Profit (loss) for the period before taxes | 9903 | €8,924 | €2,987 | -€5,937 | -66.5% |
| Income taxes | 67/77 | €1,286 | €2,153 | +€867 | +67.4% |
| Profit (loss) for the period | 9904 | €7,638 | €834 | -€6,804 | -89.1% |
| Profit (loss) for the period to be appropriated | 9905 | €7,638 | €834 | -€6,804 | -89.1% |
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 10 October 2026 via checked.be.