GROUP ANDRADE: 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.
GROUP ANDRADE
Largest movements
- Tangible fixed assets -€19,624
down €19,624 (-28.1%), from €69,722 to €50,098
- Receivables within one year +€16,002
up €16,002 (+44.6%), from €35,917 to €51,919
of which Trade receivables: +€14,100
- Cash +€9,358
up €9,358 (+12.3%), from €75,989 to €85,347
mainly Depreciation (+€20,913) and Net result for the year (+€17,402)
- Profit (loss) carried forward +€17,402
up €17,402 (+21.5%), from €81,032 to €98,434
- Debts after one year -€12,000
down €12,000 (-70.6%), from €17,000 to €5,000
- Trade debts +€5,707
up €5,707 (+433%), from €1,319 to €7,026
- Tax, wage and social debts -€5,605
down €5,605 (-41.5%), from €13,501 to €7,896
- Gross operating margin -€19,030
down €19,030 (-28.1%), from €67,628 to €48,598
- Taxes -€5,605
down €5,605 (-41.5%), from €13,501 to €7,896
- Other operating charges +€1,061
up €1,061 (+107%), from €988 to €2,049
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 | €181,628 | €187,364 | +€5,736 | +3.2% |
| Fixed assets | 21/28 | €69,722 | €50,098 | -€19,624 | -28.1% |
| Tangible fixed assets | 22/27 | €69,722 | €50,098 | -€19,624 | -28.1% |
| Furniture and vehicles | 24 | €69,722 | €50,098 | -€19,624 | -28.1% |
| Current assets | 29/58 | €111,906 | €137,266 | +€25,360 | +22.7% |
| Amounts receivable within one year | 40/41 | €35,917 | €51,919 | +€16,002 | +44.6% |
| Trade receivables | 40 | €35,806 | €49,906 | +€14,100 | +39.4% |
| Other amounts receivable | 41 | €111 | €2,013 | +€1,902 | +1,714% |
| Cash at bank and in hand | 54/58 | €75,989 | €85,347 | +€9,358 | +12.3% |
| Total equity and liabilities | 10/49 | €181,628 | €187,364 | +€5,736 | +3.2% |
| Equity | 10/15 | €81,032 | €98,434 | +€17,402 | +21.5% |
| Profit (loss) carried forward | 14 | €81,032 | €98,434 | +€17,402 | +21.5% |
| Amounts payable | 17/49 | €100,596 | €88,930 | -€11,666 | -11.6% |
| Amounts payable after more than one year | 17 | €17,000 | €5,000 | -€12,000 | -70.6% |
| Financial debts | 170/4 | €17,000 | €5,000 | -€12,000 | -70.6% |
| Amounts payable within one year | 42/48 | €83,596 | €83,930 | +€334 | +0.4% |
| Current portion of amounts payable after more than one year | 42 | €12,000 | €12,129 | +€129 | +1.1% |
| Trade debts | 44 | €1,319 | €7,026 | +€5,707 | +433% |
| Suppliers | 440/4 | €1,319 | €7,026 | +€5,707 | +433% |
| Taxes, remuneration and social security | 45 | €13,501 | €7,896 | -€5,605 | -41.5% |
| Taxes | 450/3 | €13,501 | €7,896 | -€5,605 | -41.5% |
| Other amounts payable | 47/48 | €56,776 | €56,879 | +€103 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,451 | €20,913 | +€462 | +2.3% |
| Other operating charges | 640/8 | €988 | €2,049 | +€1,061 | +107% |
| Gross operating margin | 9900 | €67,628 | €48,598 | -€19,030 | -28.1% |
| Operating profit (loss) | 9901 | €46,189 | €25,637 | -€20,552 | -44.5% |
| Financial income | 75/76B | €169 | - | -€169 | |
| Recurring financial income | 75 | €169 | - | -€169 | |
| Financial charges | 65/66B | €54 | €339 | +€285 | +527% |
| Recurring financial charges | 65 | €54 | €339 | +€285 | +527% |
| Profit (loss) for the period before taxes | 9903 | €46,304 | €25,298 | -€21,006 | -45.4% |
| Income taxes | 67/77 | €13,501 | €7,896 | -€5,605 | -41.5% |
| Profit (loss) for the period | 9904 | €32,803 | €17,402 | -€15,401 | -46.9% |
| Profit (loss) for the period to be appropriated | 9905 | €32,803 | €17,402 | -€15,401 | -46.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.