Philippe ANDRIEN: 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.
Philippe ANDRIEN
Largest movements
- Deferred charges and accrued income -€5,064
down €5,064 (-20.6%), from €24,631 to €19,567
- Tangible fixed assets +€3,725
new in 2025: €3,725
- Cash +€2,795
up €2,795 (+40.3%), from €6,932 to €9,727
mainly Net result for the year (+€159,390) and Other debts (+€15,656)
- Financial fixed assets -€2,500
down €2,500 (-11.1%), from €22,500 to €20,000
- Other debts +€15,656
up €15,656 (+91.8%), from €17,063 to €32,720
- Short-term financial debts -€6,000
down €6,000 (-100.0%), from €6,000 to €0
- Profit (loss) carried forward -€5,610
down €5,610 (-12.3%), from €45,748 to €40,138
- Debts after one year -€2,500
down €2,500 (-100.0%), from €2,500 to €0
- Tax, wage and social debts -€2,028
down €2,028 (-22.8%), from €8,901 to €6,873
- Financial income -€53,723
down €53,723 (-31.2%), from €172,411 to €118,688
of which Non-recurring financial income: -€49,050
- Financial charges -€49,411
down €49,411 (-98.5%), from €50,140 to €729
of which Non-recurring financial charges: -€49,050
- Other operating charges -€16,772
down €16,772 (-94.9%), from €17,673 to €901
- Write-downs +€16,297
up €16,297, from -€16,297 to €0
- Taxes +€8,315
up €8,315 (+148.0%), from €5,618 to €13,933
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 | €84,271 | €83,582 | -€689 | -0.8% |
| Fixed assets | 21/28 | €22,500 | €23,725 | +€1,225 | +5.4% |
| Tangible fixed assets | 22/27 | - | €3,725 | +€3,725 | |
| Other tangible fixed assets | 26 | - | €3,725 | +€3,725 | |
| Financial fixed assets | 28 | €22,500 | €20,000 | -€2,500 | -11.1% |
| Current assets | 29/58 | €61,771 | €59,857 | -€1,914 | -3.1% |
| Amounts receivable within one year | 40/41 | €30,208 | €30,563 | +€355 | +1.2% |
| Trade receivables | 40 | €14,520 | €14,520 | = | 0.0% |
| Other amounts receivable | 41 | €15,688 | €16,043 | +€355 | +2.3% |
| Cash at bank and in hand | 54/58 | €6,932 | €9,727 | +€2,795 | +40.3% |
| Deferred charges and accrued income | 490/1 | €24,631 | €19,567 | -€5,064 | -20.6% |
| Total equity and liabilities | 10/49 | €84,271 | €83,582 | -€689 | -0.8% |
| Equity | 10/15 | €46,748 | €41,138 | -€5,610 | -12.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,748 | €40,138 | -€5,610 | -12.3% |
| Amounts payable | 17/49 | €37,523 | €42,444 | +€4,921 | +13.1% |
| Amounts payable after more than one year | 17 | €2,500 | €0 | -€2,500 | -100.0% |
| Financial debts | 170/4 | €2,500 | €0 | -€2,500 | -100.0% |
| Amounts payable within one year | 42/48 | €33,173 | €40,594 | +€7,421 | +22.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €6,000 | €0 | -€6,000 | -100.0% |
| Credit institutions | 430/8 | €6,000 | €0 | -€6,000 | -100.0% |
| Trade debts | 44 | €1,208 | €1,001 | -€207 | -17.2% |
| Suppliers | 440/4 | €1,208 | €1,001 | -€207 | -17.2% |
| Taxes, remuneration and social security | 45 | €8,901 | €6,873 | -€2,028 | -22.8% |
| Taxes | 450/3 | €8,901 | €6,873 | -€2,028 | -22.8% |
| Other amounts payable | 47/48 | €17,063 | €32,720 | +€15,656 | +91.8% |
| Accrued charges and deferred income | 492/3 | €1,850 | €1,850 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€16,297 | €0 | +€16,297 | |
| Other operating charges | 640/8 | €17,673 | €901 | -€16,772 | -94.9% |
| Non-recurring operating charges | 66A | €366 | €0 | -€366 | -100.0% |
| Gross operating margin | 9900 | €55,536 | €56,265 | +€729 | +1.3% |
| Operating profit (loss) | 9901 | €53,794 | €55,364 | +€1,570 | +2.9% |
| Financial income | 75/76B | €172,411 | €118,688 | -€53,723 | -31.2% |
| Recurring financial income | 75 | €123,361 | €118,688 | -€4,673 | -3.8% |
| Non-recurring financial income | 76B | €49,050 | €0 | -€49,050 | -100.0% |
| Financial charges | 65/66B | €50,140 | €729 | -€49,411 | -98.5% |
| Recurring financial charges | 65 | €1,090 | €729 | -€361 | -33.1% |
| Non-recurring financial charges | 66B | €49,050 | €0 | -€49,050 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €176,065 | €173,323 | -€2,742 | -1.6% |
| Income taxes | 67/77 | €5,618 | €13,933 | +€8,315 | +148.0% |
| Profit (loss) for the period | 9904 | €170,447 | €159,390 | -€11,057 | -6.5% |
| Profit (loss) for the period to be appropriated | 9905 | €170,447 | €159,390 | -€11,057 | -6.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.