FERNAND ANDRIES: 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.
FERNAND ANDRIES
Largest movements
- Financial fixed assets +€248,000
up €248,000 (+200.1%), from €123,947 to €371,947
- Cash -€91,721
down €91,721 (-61.8%), from €148,400 to €56,680
mainly Investment in fixed assets (net) (-€248,000) and Receivables after one year (-€35,200)
- Receivables within one year -€45,189
down €45,189 (-10.9%), from €413,960 to €368,772
of which Other amounts receivable: -€45,189
- Receivables after one year +€35,200
up €35,200 (+35.6%), from €99,000 to €134,200
- Tangible fixed assets -€32,958
down €32,958 (-4.3%), from €758,377 to €725,420
- Reserves +€86,543
up €86,543 (+10.4%), from €830,692 to €917,235
of which Distributable reserves: +€86,543
- Trade debts -€31,363
down €31,363 (-99.9%), from €31,400 to €38
- Other debts +€29,164
up €29,164 (+12.0%), from €243,149 to €272,314
- Tax, wage and social debts +€28,989
up €28,989 (+716.3%), from €4,047 to €33,036
- Gross operating margin +€94,589
up €94,589 (+76.8%), from €123,090 to €217,680
- Taxes +€22,961
up €22,961 (+253.9%), from €9,043 to €32,004
- Other operating charges +€18,267
up €18,267 (+48.7%), from €37,530 to €55,797
- Financial charges +€6,918
up €6,918 (+50.9%), from €13,582 to €20,500
- Depreciation -€3,151
down €3,151 (-8.7%), from €36,109 to €32,958
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,543,684 | €1,657,018 | +€113,333 | +7.3% |
| Fixed assets | 21/28 | €882,324 | €1,097,366 | +€215,042 | +24.4% |
| Tangible fixed assets | 22/27 | €758,377 | €725,420 | -€32,958 | -4.3% |
| Other tangible fixed assets | 26 | €758,377 | €725,420 | -€32,958 | -4.3% |
| Financial fixed assets | 28 | €123,947 | €371,947 | +€248,000 | +200.1% |
| Current assets | 29/58 | €661,361 | €559,651 | -€101,709 | -15.4% |
| Amounts receivable after more than one year | 29 | €99,000 | €134,200 | +€35,200 | +35.6% |
| Other amounts receivable | 291 | €99,000 | €134,200 | +€35,200 | +35.6% |
| Amounts receivable within one year | 40/41 | €413,960 | €368,772 | -€45,189 | -10.9% |
| Trade receivables | 40 | €540 | €540 | = | 0.0% |
| Other amounts receivable | 41 | €413,421 | €368,232 | -€45,189 | -10.9% |
| Cash at bank and in hand | 54/58 | €148,400 | €56,680 | -€91,721 | -61.8% |
| Total equity and liabilities | 10/49 | €1,543,684 | €1,657,018 | +€113,333 | +7.3% |
| Equity | 10/15 | €1,254,657 | €1,341,200 | +€86,543 | +6.9% |
| Contributions | 10/11 | €423,965 | €423,965 | = | 0.0% |
| Capital | 10 | €423,965 | €423,965 | = | 0.0% |
| Issued capital | 100 | €423,965 | €423,965 | = | 0.0% |
| Reserves | 13 | €830,692 | €917,235 | +€86,543 | +10.4% |
| Non-distributable reserves | 130/1 | €42,396 | €42,396 | = | 0.0% |
| Legal reserve | 130 | €42,396 | €42,396 | = | 0.0% |
| Distributable reserves | 133 | €788,296 | €874,838 | +€86,543 | +11.0% |
| Amounts payable | 17/49 | €289,027 | €315,818 | +€26,790 | +9.3% |
| Amounts payable after more than one year | 17 | €1,000 | €1,000 | = | 0.0% |
| Other amounts payable | 178/9 | €1,000 | €1,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €278,597 | €305,387 | +€26,790 | +9.6% |
| Trade debts | 44 | €31,400 | €38 | -€31,363 | -99.9% |
| Suppliers | 440/4 | €31,400 | €38 | -€31,363 | -99.9% |
| Taxes, remuneration and social security | 45 | €4,047 | €33,036 | +€28,989 | +716.3% |
| Taxes | 450/3 | €4,047 | €33,036 | +€28,989 | +716.3% |
| Other amounts payable | 47/48 | €243,149 | €272,314 | +€29,164 | +12.0% |
| Accrued charges and deferred income | 492/3 | €9,431 | €9,431 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,109 | €32,958 | -€3,151 | -8.7% |
| Other operating charges | 640/8 | €37,530 | €55,797 | +€18,267 | +48.7% |
| Gross operating margin | 9900 | €123,090 | €217,680 | +€94,589 | +76.8% |
| Operating profit (loss) | 9901 | €49,452 | €128,925 | +€79,473 | +160.7% |
| Financial income | 75/76B | €10,840 | €10,122 | -€719 | -6.6% |
| Recurring financial income | 75 | €10,840 | €10,122 | -€719 | -6.6% |
| Financial charges | 65/66B | €13,582 | €20,500 | +€6,918 | +50.9% |
| Recurring financial charges | 65 | €13,582 | €20,500 | +€6,918 | +50.9% |
| Profit (loss) for the period before taxes | 9903 | €46,710 | €118,547 | +€71,837 | +153.8% |
| Income taxes | 67/77 | €9,043 | €32,004 | +€22,961 | +253.9% |
| Profit (loss) for the period | 9904 | €37,667 | €86,543 | +€48,875 | +129.8% |
| Profit (loss) for the period to be appropriated | 9905 | €37,667 | €86,543 | +€48,875 | +129.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.