ANDROMEDAS: 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.
ANDROMEDAS
Largest movements
- Tangible fixed assets +€591,263
up €591,263 (+16.3%), from €3.6m to €4.2m
- Cash -€302,044
down €302,044 (-49.4%), from €611,564 to €309,521
mainly Investment in fixed assets (net) (-€824,560) and Debts after one year (-€40,667)
- Deferred charges and accrued income -€249,440
down €249,440 (-98.5%), from €253,288 to €3,847
- Reserves +€108,069
up €108,069 (+12.7%), from €853,953 to €962,021
of which Tax-exempt reserves: +€108,069
- Profit (loss) carried forward -€54,594
down €54,594 (-180.4%), from -€30,256 to -€84,850
- Gross operating margin -€277,325
down €277,325 (-44.8%), from €618,859 to €341,533
- Depreciation +€93,219
up €93,219 (+66.5%), from €140,078 to €233,297
- Taxes -€6,963
no longer reported in 2025 (was €6,963)
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 | €4,495,760 | €4,544,858 | +€49,097 | +1.1% |
| Fixed assets | 21/28 | €3,622,872 | €4,214,135 | +€591,263 | +16.3% |
| Tangible fixed assets | 22/27 | €3,622,872 | €4,214,135 | +€591,263 | +16.3% |
| Land and buildings | 22 | €3,622,872 | €4,214,135 | +€591,263 | +16.3% |
| Current assets | 29/58 | €872,889 | €330,723 | -€542,166 | -62.1% |
| Amounts receivable within one year | 40/41 | €8,037 | €17,355 | +€9,319 | +115.9% |
| Trade receivables | 40 | - | €1,500 | +€1,500 | |
| Other amounts receivable | 41 | €8,037 | €15,855 | +€7,819 | +97.3% |
| Cash at bank and in hand | 54/58 | €611,564 | €309,521 | -€302,044 | -49.4% |
| Deferred charges and accrued income | 490/1 | €253,288 | €3,847 | -€249,440 | -98.5% |
| Total equity and liabilities | 10/49 | €4,495,760 | €4,544,858 | +€49,097 | +1.1% |
| Equity | 10/15 | €4,012,322 | €4,065,797 | +€53,475 | +1.3% |
| Contributions | 10/11 | €3,188,626 | €3,188,626 | = | 0.0% |
| Reserves | 13 | €853,953 | €962,021 | +€108,069 | +12.7% |
| Tax-exempt reserves | 132 | €569,621 | €677,690 | +€108,069 | +19.0% |
| Distributable reserves | 133 | €284,331 | €284,331 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,256 | -€84,850 | -€54,594 | -180.4% |
| Provisions and deferred taxes | 16 | €209,892 | €245,914 | +€36,023 | +17.2% |
| Deferred taxes | 168 | €209,892 | €245,914 | +€36,023 | +17.2% |
| Amounts payable | 17/49 | €273,547 | €233,146 | -€40,401 | -14.8% |
| Amounts payable after more than one year | 17 | €223,667 | €183,000 | -€40,667 | -18.2% |
| Financial debts | 170/4 | €223,667 | €183,000 | -€40,667 | -18.2% |
| Amounts payable within one year | 42/48 | €43,492 | €43,535 | +€43 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €40,667 | €40,667 | = | 0.0% |
| Trade debts | 44 | €899 | €950 | +€51 | +5.7% |
| Suppliers | 440/4 | €899 | €950 | +€51 | +5.7% |
| Other amounts payable | 47/48 | €1,926 | €1,918 | -€9 | -0.4% |
| Accrued charges and deferred income | 492/3 | €6,388 | €6,612 | +€224 | +3.5% |
| Non-recurring operating income | 76A | €459,973 | €181,847 | -€278,127 | -60.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €140,078 | €233,297 | +€93,219 | +66.5% |
| Other operating charges | 640/8 | €16,279 | €18,671 | +€2,392 | +14.7% |
| Gross operating margin | 9900 | €618,859 | €341,533 | -€277,325 | -44.8% |
| Operating profit (loss) | 9901 | €462,502 | €89,566 | -€372,936 | -80.6% |
| Financial income | 75/76B | €77 | €2,851 | +€2,774 | +3580.9% |
| Recurring financial income | 75 | €77 | €2,851 | +€2,774 | +3580.9% |
| Financial charges | 65/66B | €3,406 | €2,919 | -€487 | -14.3% |
| Recurring financial charges | 65 | €3,406 | €2,919 | -€487 | -14.3% |
| Profit (loss) for the period before taxes | 9903 | €459,173 | €89,498 | -€369,676 | -80.5% |
| Transfer from deferred taxes | 780 | €5,669 | €5,917 | +€249 | +4.4% |
| Transfer to deferred taxes | 680 | €114,993 | €41,940 | -€73,053 | -63.5% |
| Income taxes | 67/77 | €6,963 | - | -€6,963 | |
| Profit (loss) for the period | 9904 | €342,885 | €53,475 | -€289,411 | -84.4% |
| Transfer from tax-exempt reserves | 789 | €17,006 | €17,751 | +€746 | +4.4% |
| Transfer to tax-exempt reserves | 689 | €344,980 | €125,820 | -€219,160 | -63.5% |
| Profit (loss) for the period to be appropriated | 9905 | €14,911 | -€54,594 | -€69,505 |
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 10 October 2026 via checked.be.