Etablissements Philippe ANDRI: 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.
Etablissements Philippe ANDRI
Largest movements
- Receivables within one year +€18,334
up €18,334 (+28.7%), from €63,834 to €82,168
of which Trade receivables: +€18,634
- Cash -€8,797
down €8,797 (-94.2%), from €9,343 to €546
mainly Investment in fixed assets (net) (-€44,114) and Net result for the year (-€20,834)
- Tangible fixed assets +€8,490
up €8,490 (+1.3%), from €642,796 to €651,285
of which Furniture and vehicles: +€38,376
- Other debts +€44,065
up €44,065 (+10.5%), from €417,869 to €461,933
- Profit (loss) carried forward -€20,834
down €20,834 (-5.7%), from -€368,228 to -€389,062
- Trade debts -€16,592
down €16,592 (-40.1%), from €41,406 to €24,814
- Gross operating margin +€7,243
up €7,243 (+54.5%), from €13,292 to €20,535
- Depreciation +€3,896
up €3,896 (+12.5%), from €31,228 to €35,124
- Write-downs -€1,183
no longer reported in 2025 (was €1,183)
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 | €721,798 | €736,161 | +€14,363 | +2.0% |
| Fixed assets | 21/28 | €642,796 | €651,785 | +€8,990 | +1.4% |
| Tangible fixed assets | 22/27 | €642,796 | €651,285 | +€8,490 | +1.3% |
| Land and buildings | 22 | €641,589 | €612,109 | -€29,480 | -4.6% |
| Plant, machinery and equipment | 23 | €407 | €0 | -€407 | -100% |
| Furniture and vehicles | 24 | €800 | €39,176 | +€38,376 | +4,798% |
| Financial fixed assets | 28 | - | €500 | +€500 | |
| Current assets | 29/58 | €79,003 | €84,376 | +€5,373 | +6.8% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €63,834 | €82,168 | +€18,334 | +28.7% |
| Trade receivables | 40 | €63,535 | €82,168 | +€18,634 | +29.3% |
| Other amounts receivable | 41 | €300 | - | -€300 | |
| Cash at bank and in hand | 54/58 | €9,343 | €546 | -€8,797 | -94.2% |
| Deferred charges and accrued income | 490/1 | €5,825 | €1,661 | -€4,164 | -71.5% |
| Total equity and liabilities | 10/49 | €721,798 | €736,161 | +€14,363 | +2.0% |
| Equity | 10/15 | -€331,044 | -€351,878 | -€20,834 | -6.3% |
| Contributions | 10/11 | €37,184 | €37,184 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€368,228 | -€389,062 | -€20,834 | -5.7% |
| Amounts payable | 17/49 | €1,052,843 | €1,088,039 | +€35,197 | +3.3% |
| Amounts payable after more than one year | 17 | €592,898 | €592,898 | = | 0.0% |
| Financial debts | 170/4 | €592,898 | €592,898 | = | 0.0% |
| Amounts payable within one year | 42/48 | €459,944 | €495,141 | +€35,197 | +7.7% |
| Financial debts | 43 | €388 | €3,947 | +€3,559 | +918% |
| Credit institutions | 430/8 | €388 | €3,947 | +€3,559 | +918% |
| Trade debts | 44 | €41,406 | €24,814 | -€16,592 | -40.1% |
| Suppliers | 440/4 | €41,406 | €24,814 | -€16,592 | -40.1% |
| Taxes, remuneration and social security | 45 | €282 | €4,447 | +€4,165 | +1,477% |
| Taxes | 450/3 | €282 | €4,447 | +€4,165 | +1,477% |
| Other amounts payable | 47/48 | €417,869 | €461,933 | +€44,065 | +10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,228 | €35,124 | +€3,896 | +12.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,183 | - | -€1,183 | |
| Other operating charges | 640/8 | €4,831 | €4,767 | -€64 | -1.3% |
| Gross operating margin | 9900 | €13,292 | €20,535 | +€7,243 | +54.5% |
| Operating profit (loss) | 9901 | -€23,951 | -€19,356 | +€4,595 | +19.2% |
| Financial income | 75/76B | €0 | €1 | +€1 | +5,000% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +5,000% |
| Financial charges | 65/66B | €1,270 | €1,220 | -€49 | -3.9% |
| Recurring financial charges | 65 | €1,270 | €1,220 | -€49 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | -€25,220 | -€20,576 | +€4,645 | +18.4% |
| Income taxes | 67/77 | €282 | €258 | -€24 | -8.4% |
| Profit (loss) for the period | 9904 | -€25,502 | -€20,834 | +€4,668 | +18.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,502 | -€20,834 | +€4,668 | +18.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.