BUREAU D'ETUDES ANDRE: 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.
BUREAU D'ETUDES ANDRE
Largest movements
- Cash +€68,252
up €68,252 (+48.4%), from €140,971 to €209,223
mainly Other debts (+€48,224) and Depreciation (+€35,936)
- Tangible fixed assets -€34,312
down €34,312 (-13.5%), from €253,919 to €219,607
of which Land and buildings: -€27,191
- Receivables within one year -€12,331
down €12,331 (-16.7%), from €73,927 to €61,595
of which Other amounts receivable: -€22,414
- Other debts +€48,224
up €48,224, from €0 to €48,224
- Debts after one year -€22,208
down €22,208 (-7.6%), from €291,495 to €269,287
- Tax, wage and social debts +€19,031
up €19,031 (+143%), from €13,298 to €32,329
of which Remuneration and social security: +€10,796
- Trade debts -€10,191
down €10,191 (-97.2%), from €10,481 to €290
- Reserves -€5,745
down €5,745 (-4.6%), from €124,285 to €118,540
- Gross operating margin +€83,344
up €83,344 (+49.8%), from €167,495 to €250,839
- Staff costs +€38,095
up €38,095 (+56.2%), from €67,810 to €105,905
- Financial charges +€35,531
up €35,531 (+250%), from €14,196 to €49,727
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 | €473,136 | €499,969 | +€26,833 | +5.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €254,079 | €223,918 | -€30,161 | -11.9% |
| Intangible fixed assets | 21 | €0 | €4,151 | +€4,151 | |
| Tangible fixed assets | 22/27 | €253,919 | €219,607 | -€34,312 | -13.5% |
| Land and buildings | 22 | €240,754 | €213,564 | -€27,191 | -11.3% |
| Plant, machinery and equipment | 23 | €1,529 | €395 | -€1,134 | -74.2% |
| Furniture and vehicles | 24 | €8,604 | €3,375 | -€5,229 | -60.8% |
| Other tangible fixed assets | 26 | €3,031 | €2,273 | -€758 | -25.0% |
| Financial fixed assets | 28 | €160 | €160 | = | 0.0% |
| Current assets | 29/58 | €219,057 | €276,051 | +€56,995 | +26.0% |
| Amounts receivable within one year | 40/41 | €73,927 | €61,595 | -€12,331 | -16.7% |
| Trade receivables | 40 | €50,941 | €61,023 | +€10,082 | +19.8% |
| Other amounts receivable | 41 | €22,986 | €572 | -€22,414 | -97.5% |
| Cash at bank and in hand | 54/58 | €140,971 | €209,223 | +€68,252 | +48.4% |
| Deferred charges and accrued income | 490/1 | €4,160 | €5,233 | +€1,073 | +25.8% |
| Total equity and liabilities | 10/49 | €473,136 | €499,969 | +€26,833 | +5.7% |
| Equity | 10/15 | €130,538 | €124,821 | -€5,717 | -4.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €124,285 | €118,540 | -€5,745 | -4.6% |
| Distributable reserves | 133 | €124,285 | €118,540 | -€5,745 | -4.6% |
| Profit (loss) carried forward | 14 | €53 | €81 | +€28 | +54.0% |
| Amounts payable | 17/49 | €342,598 | €375,148 | +€32,550 | +9.5% |
| Amounts payable after more than one year | 17 | €291,495 | €269,287 | -€22,208 | -7.6% |
| Financial debts | 170/4 | €291,495 | €269,287 | -€22,208 | -7.6% |
| Amounts payable within one year | 42/48 | €50,525 | €105,779 | +€55,254 | +109% |
| Current portion of amounts payable after more than one year | 42 | €26,300 | €23,045 | -€3,255 | -12.4% |
| Financial debts | 43 | €446 | €703 | +€257 | +57.6% |
| Credit institutions | 430/8 | €446 | €703 | +€257 | +57.6% |
| Trade debts | 44 | €10,481 | €290 | -€10,191 | -97.2% |
| Suppliers | 440/4 | €10,481 | €290 | -€10,191 | -97.2% |
| Advances received on contracts in progress | 46 | €0 | €1,188 | +€1,188 | |
| Taxes, remuneration and social security | 45 | €13,298 | €32,329 | +€19,031 | +143% |
| Taxes | 450/3 | €1,284 | €9,519 | +€8,235 | +641% |
| Remuneration and social security | 454/9 | €12,013 | €22,809 | +€10,796 | +89.9% |
| Other amounts payable | 47/48 | €0 | €48,224 | +€48,224 | |
| Accrued charges and deferred income | 492/3 | €578 | €82 | -€495 | -85.7% |
| Remuneration, social security and pensions | 62 | €67,810 | €105,905 | +€38,095 | +56.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,936 | €35,936 | +€1,000 | +2.9% |
| Other operating charges | 640/8 | €9,483 | €9,455 | -€28 | -0.3% |
| Gross operating margin | 9900 | €167,495 | €250,839 | +€83,344 | +49.8% |
| Operating profit (loss) | 9901 | €55,266 | €99,543 | +€44,277 | +80.1% |
| Financial income | 75/76B | €1,849 | €1,346 | -€503 | -27.2% |
| Recurring financial income | 75 | €1,849 | €1,346 | -€503 | -27.2% |
| Financial charges | 65/66B | €14,196 | €49,727 | +€35,531 | +250% |
| Recurring financial charges | 65 | €14,196 | €49,727 | +€35,531 | +250% |
| Profit (loss) for the period before taxes | 9903 | €42,920 | €51,162 | +€8,243 | +19.2% |
| Income taxes | 67/77 | €15,139 | €17,134 | +€1,995 | +13.2% |
| Profit (loss) for the period | 9904 | €27,781 | €34,028 | +€6,248 | +22.5% |
| Profit (loss) for the period to be appropriated | 9905 | €27,781 | €34,028 | +€6,248 | +22.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.