ANDROPA: what changed
Two fiscal 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.
ANDROPA
Largest movements
- Cash +€271,473
up €271,473 (+8925.3%), from €3,042 to €274,515
mainly Net result for the year (+€195,148) and Receivables within one year (+€36,918)
- Receivables within one year -€36,918
down €36,918 (-28.2%), from €131,109 to €94,191
of which Other amounts receivable: -€36,000
- Tangible fixed assets -€7,075
down €7,075 (-2.7%), from €265,348 to €258,273
of which Land and buildings: -€6,786
- Reserves +€195,148
up €195,148 (+60.8%), from €321,156 to €516,304
- Tax, wage and social debts +€28,095
up €28,095 (+320.1%), from €8,776 to €36,870
- Taxes +€23,710
up €23,710 (+38.7%), from €61,252 to €84,963
- Gross operating margin +€12,667
up €12,667 (+4.5%), from €279,924 to €292,592
- Financial charges -€3,266
down €3,266 (-52.8%), from €6,183 to €2,917
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 | €399,499 | €626,980 | +€227,481 | +56.9% |
| Fixed assets | 21/28 | €265,348 | €258,273 | -€7,075 | -2.7% |
| Tangible fixed assets | 22/27 | €265,348 | €258,273 | -€7,075 | -2.7% |
| Land and buildings | 22 | €264,111 | €257,325 | -€6,786 | -2.6% |
| Furniture and vehicles | 24 | €1,237 | €948 | -€289 | -23.4% |
| Current assets | 29/58 | €134,151 | €368,706 | +€234,556 | +174.8% |
| Amounts receivable within one year | 40/41 | €131,109 | €94,191 | -€36,918 | -28.2% |
| Trade receivables | 40 | €94,362 | €93,444 | -€918 | -1.0% |
| Other amounts receivable | 41 | €36,748 | €748 | -€36,000 | -98.0% |
| Cash at bank and in hand | 54/58 | €3,042 | €274,515 | +€271,473 | +8925.3% |
| Total equity and liabilities | 10/49 | €399,499 | €626,980 | +€227,481 | +56.9% |
| Equity | 10/15 | €346,065 | €541,213 | +€195,148 | +56.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €6,308 | €6,308 | = | 0.0% |
| Reserves | 13 | €321,156 | €516,304 | +€195,148 | +60.8% |
| Distributable reserves | 133 | €321,156 | €516,304 | +€195,148 | +60.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €53,434 | €85,767 | +€32,332 | +60.5% |
| Amounts payable within one year | 42/48 | €47,579 | €82,796 | +€35,218 | +74.0% |
| Trade debts | 44 | €432 | €1,321 | +€889 | +205.9% |
| Suppliers | 440/4 | €432 | €1,321 | +€889 | +205.9% |
| Taxes, remuneration and social security | 45 | €8,776 | €36,870 | +€28,095 | +320.1% |
| Taxes | 450/3 | €8,776 | €36,870 | +€28,095 | +320.1% |
| Other amounts payable | 47/48 | €38,371 | €44,605 | +€6,234 | +16.2% |
| Accrued charges and deferred income | 492/3 | €5,856 | €2,970 | -€2,886 | -49.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,007 | €7,075 | +€68 | +1.0% |
| Other operating charges | 640/8 | €2,363 | €2,488 | +€125 | +5.3% |
| Gross operating margin | 9900 | €279,924 | €292,592 | +€12,667 | +4.5% |
| Operating profit (loss) | 9901 | €270,554 | €283,028 | +€12,475 | +4.6% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €6,183 | €2,917 | -€3,266 | -52.8% |
| Recurring financial charges | 65 | €6,183 | €2,917 | -€3,266 | -52.8% |
| Profit (loss) for the period before taxes | 9903 | €264,370 | €280,111 | +€15,741 | +6.0% |
| Income taxes | 67/77 | €61,252 | €84,963 | +€23,710 | +38.7% |
| Profit (loss) for the period | 9904 | €203,118 | €195,148 | -€7,969 | -3.9% |
| Profit (loss) for the period to be appropriated | 9905 | €203,118 | €195,148 | -€7,969 | -3.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.