ANDYNEL: 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.
ANDYNEL
Largest movements
- Tangible fixed assets -€20,457
down €20,457 (-9.4%), from €217,980 to €197,522
of which Land and buildings: -€14,249
- Cash +€11,258
up €11,258 (+30.8%), from €36,551 to €47,808
mainly Trade debts (+€23,242) and Depreciation (+€20,457)
- Trade debts +€23,242
up €23,242 (+30.5%), from €76,272 to €99,514
- Debts after one year -€18,173
down €18,173 (-15.9%), from €113,944 to €95,771
- Other debts -€10,657
down €10,657 (-9.6%), from €110,731 to €100,074
- Current portion of long-term debt -€9,132
down €9,132 (-33.4%), from €27,305 to €18,173
- Profit (loss) carried forward +€7,811
up €7,811 (+7.6%), from -€102,398 to -€94,587
- Gross operating margin +€23,122
up €23,122 (+27.9%), from €82,891 to €106,012
- Staff costs -€4,665
down €4,665 (-6.3%), from €73,674 to €69,009
- Other operating charges +€1,543
up €1,543 (+69.7%), from €2,213 to €3,756
- Financial charges -€1,085
down €1,085 (-18.3%), from €5,933 to €4,848
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 | €277,151 | €264,054 | -€13,096 | -4.7% |
| Fixed assets | 21/28 | €217,980 | €197,522 | -€20,457 | -9.4% |
| Tangible fixed assets | 22/27 | €217,980 | €197,522 | -€20,457 | -9.4% |
| Land and buildings | 22 | €194,718 | €180,468 | -€14,249 | -7.3% |
| Plant, machinery and equipment | 23 | €23,262 | €17,054 | -€6,208 | -26.7% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €59,171 | €66,532 | +€7,361 | +12.4% |
| Stocks and contracts in progress | 3 | €8,341 | €8,341 | = | 0.0% |
| Stocks | 30/36 | €8,341 | €8,341 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €9,265 | €7,454 | -€1,811 | -19.5% |
| Trade receivables | 40 | €1,144 | €59 | -€1,085 | -94.9% |
| Other amounts receivable | 41 | €8,121 | €7,395 | -€726 | -8.9% |
| Cash at bank and in hand | 54/58 | €36,551 | €47,808 | +€11,258 | +30.8% |
| Deferred charges and accrued income | 490/1 | €5,014 | €2,928 | -€2,086 | -41.6% |
| Total equity and liabilities | 10/49 | €277,151 | €264,054 | -€13,096 | -4.7% |
| Equity | 10/15 | -€65,811 | -€58,000 | +€7,811 | +11.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €17,987 | €17,987 | = | 0.0% |
| 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 | €16,127 | €16,127 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€102,398 | -€94,587 | +€7,811 | +7.6% |
| Amounts payable | 17/49 | €342,962 | €322,054 | -€20,908 | -6.1% |
| Amounts payable after more than one year | 17 | €113,944 | €95,771 | -€18,173 | -15.9% |
| Financial debts | 170/4 | €113,944 | €95,771 | -€18,173 | -15.9% |
| Amounts payable within one year | 42/48 | €227,176 | €224,416 | -€2,760 | -1.2% |
| Current portion of amounts payable after more than one year | 42 | €27,305 | €18,173 | -€9,132 | -33.4% |
| Trade debts | 44 | €76,272 | €99,514 | +€23,242 | +30.5% |
| Suppliers | 440/4 | €76,272 | €99,514 | +€23,242 | +30.5% |
| Taxes, remuneration and social security | 45 | €12,868 | €6,655 | -€6,213 | -48.3% |
| Taxes | 450/3 | €662 | €872 | +€210 | +31.6% |
| Remuneration and social security | 454/9 | €12,206 | €5,783 | -€6,422 | -52.6% |
| Other amounts payable | 47/48 | €110,731 | €100,074 | -€10,657 | -9.6% |
| Accrued charges and deferred income | 492/3 | €1,842 | €1,867 | +€25 | +1.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €73,674 | €69,009 | -€4,665 | -6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,936 | €20,457 | -€479 | -2.3% |
| Other operating charges | 640/8 | €2,213 | €3,756 | +€1,543 | +69.7% |
| Non-recurring operating charges | 66A | €1,384 | €0 | -€1,384 | -100.0% |
| Gross operating margin | 9900 | €82,891 | €106,012 | +€23,122 | +27.9% |
| Operating profit (loss) | 9901 | -€15,316 | €12,790 | +€28,107 | |
| Financial income | 75/76B | €12 | €10 | -€2 | -15.8% |
| Recurring financial income | 75 | €12 | €10 | -€2 | -15.8% |
| Financial charges | 65/66B | €5,933 | €4,848 | -€1,085 | -18.3% |
| Recurring financial charges | 65 | €5,933 | €4,848 | -€1,085 | -18.3% |
| Profit (loss) for the period before taxes | 9903 | -€21,238 | €7,952 | +€29,190 | |
| Income taxes | 67/77 | - | €141 | +€141 | |
| Profit (loss) for the period | 9904 | -€21,238 | €7,811 | +€29,049 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,238 | €7,811 | +€29,049 |
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 7 October 2026 via checked.be.