ANDY HEROES: 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.
ANDY HEROES
Largest movements
- Cash -€44,756
no longer reported in 2025 (was €44,756)
mainly Trade debts (-€38,289) and Contributions, distributions and other (-€30,000)
- Stocks and contracts +€10,068
up €10,068 (+48.1%), from €20,936 to €31,004
of which Contracts in progress: +€15,250
- Receivables within one year -€8,587
down €8,587 (-19.3%), from €44,590 to €36,003
of which Other amounts receivable: -€20,976
- Tangible fixed assets -€6,530
down €6,530 (-39.3%), from €16,600 to €10,070
of which Furniture and vehicles: -€5,625
- Trade debts -€38,289
down €38,289 (-90.1%), from €42,484 to €4,195
- Reserves -€23,303
down €23,303 (-47.4%), from €49,162 to €25,859
of which Distributable reserves: -€23,303
- Accrued charges and deferred income +€10,524
up €10,524 (+125%), from €8,389 to €18,912
- Short-term financial debts +€7,567
new in 2025: €7,567
- Debts after one year -€4,363
no longer reported in 2025 (was €4,363)
- Financial income +€4,459
up €4,459 (+18,046%), from €25 to €4,484
of which Non-recurring financial income: +€4,447
- Financial charges +€1,822
up €1,822 (+98.5%), from €1,850 to €3,672
- Gross operating margin +€765
up €765 (+4.9%), from €15,481 to €16,246
- Depreciation -€542
down €542 (-7.7%), from €7,072 to €6,530
- Other operating charges +€303
up €303 (+48.1%), from €630 to €933
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 | €127,322 | €77,517 | -€49,805 | -39.1% |
| Fixed assets | 21/28 | €16,600 | €10,070 | -€6,530 | -39.3% |
| Tangible fixed assets | 22/27 | €16,600 | €10,070 | -€6,530 | -39.3% |
| Land and buildings | 22 | €7,960 | €7,056 | -€905 | -11.4% |
| Furniture and vehicles | 24 | €8,640 | €3,015 | -€5,625 | -65.1% |
| Current assets | 29/58 | €110,722 | €67,447 | -€43,275 | -39.1% |
| Stocks and contracts in progress | 3 | €20,936 | €31,004 | +€10,068 | +48.1% |
| Stocks | 30/36 | €20,936 | €15,754 | -€5,182 | -24.8% |
| Contracts in progress | 37 | - | €15,250 | +€15,250 | |
| Amounts receivable within one year | 40/41 | €44,590 | €36,003 | -€8,587 | -19.3% |
| Trade receivables | 40 | €3,354 | €15,744 | +€12,389 | +369% |
| Other amounts receivable | 41 | €41,236 | €20,260 | -€20,976 | -50.9% |
| Cash at bank and in hand | 54/58 | €44,756 | - | -€44,756 | |
| Deferred charges and accrued income | 490/1 | €440 | €440 | = | 0.0% |
| Total equity and liabilities | 10/49 | €127,322 | €77,517 | -€49,805 | -39.1% |
| Equity | 10/15 | €55,362 | €32,059 | -€23,303 | -42.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €49,162 | €25,859 | -€23,303 | -47.4% |
| Non-distributable reserves | 130/1 | €1,020 | €1,020 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,020 | €1,020 | = | 0.0% |
| Distributable reserves | 133 | €48,142 | €24,838 | -€23,303 | -48.4% |
| Amounts payable | 17/49 | €71,961 | €45,459 | -€26,502 | -36.8% |
| Amounts payable after more than one year | 17 | €4,363 | - | -€4,363 | |
| Financial debts | 170/4 | €4,363 | - | -€4,363 | |
| Amounts payable within one year | 42/48 | €59,209 | €26,546 | -€32,663 | -55.2% |
| Current portion of amounts payable after more than one year | 42 | €5,172 | €4,363 | -€810 | -15.7% |
| Financial debts | 43 | - | €7,567 | +€7,567 | |
| Credit institutions | 430/8 | - | €7,567 | +€7,567 | |
| Trade debts | 44 | €42,484 | €4,195 | -€38,289 | -90.1% |
| Suppliers | 440/4 | €42,484 | €4,195 | -€38,289 | -90.1% |
| Taxes, remuneration and social security | 45 | €11,553 | €10,422 | -€1,131 | -9.8% |
| Taxes | 450/3 | €10,554 | €10,422 | -€132 | -1.2% |
| Remuneration and social security | 454/9 | €1,000 | - | -€1,000 | |
| Accrued charges and deferred income | 492/3 | €8,389 | €18,912 | +€10,524 | +125% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,072 | €6,530 | -€542 | -7.7% |
| Other operating charges | 640/8 | €630 | €933 | +€303 | +48.1% |
| Gross operating margin | 9900 | €15,481 | €16,246 | +€765 | +4.9% |
| Operating profit (loss) | 9901 | €7,779 | €8,783 | +€1,004 | +12.9% |
| Financial income | 75/76B | €25 | €4,484 | +€4,459 | +18,046% |
| Recurring financial income | 75 | €25 | €37 | +€12 | +47.9% |
| Non-recurring financial income | 76B | - | €4,447 | +€4,447 | |
| Financial charges | 65/66B | €1,850 | €3,672 | +€1,822 | +98.5% |
| Recurring financial charges | 65 | €1,850 | €3,672 | +€1,822 | +98.5% |
| Profit (loss) for the period before taxes | 9903 | €5,954 | €9,595 | +€3,641 | +61.2% |
| Income taxes | 67/77 | €3,024 | €2,898 | -€126 | -4.2% |
| Profit (loss) for the period | 9904 | €2,930 | €6,697 | +€3,767 | +129% |
| Profit (loss) for the period to be appropriated | 9905 | €2,930 | €6,697 | +€3,767 | +129% |
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 14 October 2026 via checked.be.