MB ANDENNE: 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.
MB ANDENNE
Largest movements
- Cash -€106,825
down €106,825 (-18.2%), from €586,326 to €479,501
mainly Contributions, distributions and other (-€220,000) and Other debts (-€115,175)
- Tangible fixed assets -€58,035
down €58,035 (-5.4%), from €1.1m to €1.0m
of which Land and buildings: -€62,679
- Stocks and contracts -€47,352
down €47,352 (-4.2%), from €1.1m to €1.1m
- Other debts -€115,175
down €115,175 (-34.4%), from €335,175 to €220,000
- Tax, wage and social debts -€71,311
down €71,311 (-49.2%), from €144,866 to €73,555
of which Taxes: -€55,955
- Staff costs +€44,936
up €44,936 (+13.5%), from €333,268 to €378,204
- Gross operating margin +€20,760
up €20,760 (+2.9%), from €726,573 to €747,333
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 | €2,861,752 | €2,676,129 | -€185,623 | -6.5% |
| Fixed assets | 21/28 | €1,075,086 | €1,017,051 | -€58,035 | -5.4% |
| Tangible fixed assets | 22/27 | €1,075,086 | €1,017,051 | -€58,035 | -5.4% |
| Land and buildings | 22 | €1,030,552 | €967,873 | -€62,679 | -6.1% |
| Plant, machinery and equipment | 23 | €43,073 | €34,550 | -€8,523 | -19.8% |
| Furniture and vehicles | 24 | €1,461 | €14,628 | +€13,167 | +901% |
| Current assets | 29/58 | €1,786,666 | €1,659,078 | -€127,588 | -7.1% |
| Stocks and contracts in progress | 3 | €1,123,936 | €1,076,584 | -€47,352 | -4.2% |
| Stocks | 30/36 | €1,123,936 | €1,076,584 | -€47,352 | -4.2% |
| Amounts receivable within one year | 40/41 | €76,321 | €102,993 | +€26,672 | +34.9% |
| Trade receivables | 40 | €76,321 | €102,262 | +€25,940 | +34.0% |
| Other amounts receivable | 41 | €0 | €732 | +€732 | |
| Cash at bank and in hand | 54/58 | €586,326 | €479,501 | -€106,825 | -18.2% |
| Deferred charges and accrued income | 490/1 | €83 | €0 | -€83 | -100% |
| Total equity and liabilities | 10/49 | €2,861,752 | €2,676,129 | -€185,623 | -6.5% |
| Equity | 10/15 | €2,306,509 | €2,317,594 | +€11,084 | +0.5% |
| Contributions | 10/11 | €91,375 | €91,375 | = | 0.0% |
| Capital | 10 | €91,375 | €91,375 | = | 0.0% |
| Issued capital | 100 | €91,375 | €91,375 | = | 0.0% |
| Reserves | 13 | €2,215,135 | €2,226,219 | +€11,084 | +0.5% |
| Non-distributable reserves | 130/1 | €9,137 | €9,137 | = | 0.0% |
| Legal reserve | 130 | €9,137 | €9,137 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,270 | €2,270 | = | 0.0% |
| Distributable reserves | 133 | €2,203,727 | €2,214,812 | +€11,084 | +0.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €555,243 | €358,536 | -€196,707 | -35.4% |
| Amounts payable within one year | 42/48 | €555,243 | €358,536 | -€196,707 | -35.4% |
| Trade debts | 44 | €75,202 | €64,980 | -€10,222 | -13.6% |
| Suppliers | 440/4 | €75,202 | €64,980 | -€10,222 | -13.6% |
| Taxes, remuneration and social security | 45 | €144,866 | €73,555 | -€71,311 | -49.2% |
| Taxes | 450/3 | €86,629 | €30,674 | -€55,955 | -64.6% |
| Remuneration and social security | 454/9 | €58,237 | €42,882 | -€15,356 | -26.4% |
| Other amounts payable | 47/48 | €335,175 | €220,000 | -€115,175 | -34.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €1,500 | +€1,500 | |
| Remuneration, social security and pensions | 62 | €333,268 | €378,204 | +€44,936 | +13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,670 | €81,645 | +€3,975 | +5.1% |
| Other operating charges | 640/8 | €28,068 | €28,390 | +€323 | +1.1% |
| Gross operating margin | 9900 | €726,573 | €747,333 | +€20,760 | +2.9% |
| Operating profit (loss) | 9901 | €287,568 | €259,094 | -€28,475 | -9.9% |
| Financial income | 75/76B | €27,535 | €30,367 | +€2,832 | +10.3% |
| Recurring financial income | 75 | €27,535 | €30,367 | +€2,832 | +10.3% |
| Financial charges | 65/66B | €11,022 | €13,799 | +€2,776 | +25.2% |
| Recurring financial charges | 65 | €11,022 | €13,799 | +€2,776 | +25.2% |
| Profit (loss) for the period before taxes | 9903 | €304,080 | €275,662 | -€28,419 | -9.3% |
| Income taxes | 67/77 | €46,772 | €44,577 | -€2,194 | -4.7% |
| Profit (loss) for the period | 9904 | €257,309 | €231,084 | -€26,224 | -10.2% |
| Profit (loss) for the period to be appropriated | 9905 | €257,309 | €231,084 | -€26,224 | -10.2% |
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 19 October 2026 via checked.be.