Ferme ANDRE: 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.
Ferme ANDRE
Largest movements
- Tangible fixed assets +€409,442
up €409,442 (+688.2%), from €59,491 to €468,934
of which Plant, machinery and equipment: +€355,239
- Receivables within one year +€42,214
up €42,214 (+100.0%), from €42,235 to €84,448
of which Other amounts receivable: +€28,311
- Cash -€30,956
down €30,956 (-12.5%), from €247,925 to €216,969
mainly Investment in fixed assets (net) (-€449,135) and Receivables within one year (-€42,214)
- Stocks and contracts +€24,217
up €24,217 (+26.4%), from €91,650 to €115,866
- Debts after one year +€389,535
new in 2025: €389,535
- Trade debts +€73,849
up €73,849 (+73.9%), from €99,889 to €173,738
- Current portion of long-term debt +€41,086
new in 2025: €41,086
- Profit (loss) carried forward -€31,274
down €31,274 (-11.0%), from €283,431 to €252,156
- Tax, wage and social debts -€19,474
down €19,474 (-49.3%), from €39,468 to €19,993
of which Remuneration and social security: -€11,458
- Gross operating margin -€34,645
down €34,645 (-19.7%), from €175,831 to €141,186
- Depreciation +€16,548
up €16,548 (+70.1%), from €23,620 to €40,168
- Taxes -€7,503
down €7,503 (-91.8%), from €8,176 to €673
- Staff costs +€5,302
up €5,302 (+4.5%), from €117,347 to €122,649
- Financial charges +€4,930
up €4,930 (+41.3%), from €11,944 to €16,875
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 | €456,605 | €908,403 | +€451,798 | +98.9% |
| Fixed assets | 21/28 | €60,769 | €469,736 | +€408,967 | +673.0% |
| Intangible fixed assets | 21 | €1,227 | €752 | -€475 | -38.7% |
| Tangible fixed assets | 22/27 | €59,491 | €468,934 | +€409,442 | +688.2% |
| Land and buildings | 22 | €12,688 | €65,547 | +€52,858 | +416.6% |
| Plant, machinery and equipment | 23 | €44,123 | €399,363 | +€355,239 | +805.1% |
| Furniture and vehicles | 24 | €2,483 | €4,024 | +€1,541 | +62.1% |
| Other tangible fixed assets | 26 | €197 | - | -€197 | |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €395,836 | €438,667 | +€42,831 | +10.8% |
| Stocks and contracts in progress | 3 | €91,650 | €115,866 | +€24,217 | +26.4% |
| Stocks | 30/36 | €91,650 | €115,866 | +€24,217 | +26.4% |
| Amounts receivable within one year | 40/41 | €42,235 | €84,448 | +€42,214 | +100.0% |
| Trade receivables | 40 | €8,822 | €22,725 | +€13,903 | +157.6% |
| Other amounts receivable | 41 | €33,413 | €61,724 | +€28,311 | +84.7% |
| Current investments | 50/53 | €102 | €102 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €247,925 | €216,969 | -€30,956 | -12.5% |
| Deferred charges and accrued income | 490/1 | €13,925 | €21,281 | +€7,356 | +52.8% |
| Total equity and liabilities | 10/49 | €456,605 | €908,403 | +€451,798 | +98.9% |
| Equity | 10/15 | €310,931 | €279,656 | -€31,274 | -10.1% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Capital | 10 | €25,000 | €25,000 | = | 0.0% |
| Issued capital | 100 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €2,500 | €2,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Legal reserve | 130 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €283,431 | €252,156 | -€31,274 | -11.0% |
| Amounts payable | 17/49 | €145,674 | €628,747 | +€483,072 | +331.6% |
| Amounts payable after more than one year | 17 | - | €389,535 | +€389,535 | |
| Financial debts | 170/4 | - | €389,535 | +€389,535 | |
| Amounts payable within one year | 42/48 | €145,674 | €234,855 | +€89,181 | +61.2% |
| Current portion of amounts payable after more than one year | 42 | - | €41,086 | +€41,086 | |
| Financial debts | 43 | €17 | €38 | +€21 | +121.1% |
| Credit institutions | 430/8 | €17 | €38 | +€21 | +121.1% |
| Trade debts | 44 | €99,889 | €173,738 | +€73,849 | +73.9% |
| Suppliers | 440/4 | €99,889 | €173,738 | +€73,849 | +73.9% |
| Taxes, remuneration and social security | 45 | €39,468 | €19,993 | -€19,474 | -49.3% |
| Taxes | 450/3 | €16,867 | €8,850 | -€8,017 | -47.5% |
| Remuneration and social security | 454/9 | €22,601 | €11,143 | -€11,458 | -50.7% |
| Other amounts payable | 47/48 | €6,300 | - | -€6,300 | |
| Accrued charges and deferred income | 492/3 | - | €4,357 | +€4,357 | |
| Non-recurring operating income | 76A | €199 | - | -€199 | |
| Remuneration, social security and pensions | 62 | €117,347 | €122,649 | +€5,302 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,620 | €40,168 | +€16,548 | +70.1% |
| Other operating charges | 640/8 | €1,375 | €2,994 | +€1,619 | +117.8% |
| Non-recurring operating charges | 66A | €333 | €192 | -€141 | -42.3% |
| Gross operating margin | 9900 | €175,831 | €141,186 | -€34,645 | -19.7% |
| Operating profit (loss) | 9901 | €33,155 | -€24,817 | -€57,973 | |
| Financial income | 75/76B | €7,691 | €11,090 | +€3,399 | +44.2% |
| Recurring financial income | 75 | €7,691 | €11,090 | +€3,399 | +44.2% |
| Financial charges | 65/66B | €11,944 | €16,875 | +€4,930 | +41.3% |
| Recurring financial charges | 65 | €11,944 | €16,875 | +€4,930 | +41.3% |
| Profit (loss) for the period before taxes | 9903 | €28,902 | -€30,602 | -€59,504 | |
| Income taxes | 67/77 | €8,176 | €673 | -€7,503 | -91.8% |
| Profit (loss) for the period | 9904 | €20,726 | -€31,274 | -€52,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,726 | -€31,274 | -€52,000 |
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 6 October 2026 via checked.be.