ANDRE: 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.
ANDRE
Largest movements
- Cash +€20,435
up €20,435 (+25.8%), from €79,210 to €99,645
mainly Receivables within one year (+€18,918) and Other debts (+€2,681)
- Receivables within one year -€18,918
down €18,918 (-65.9%), from €28,725 to €9,807
of which Trade receivables: -€26,800
- Trade debts -€8,058
down €8,058 (-21.0%), from €38,402 to €30,344
- Other debts +€2,681
up €2,681 (+4.5%), from €60,000 to €62,681
- Staff costs +€46,325
up €46,325 (+21.9%), from €211,867 to €258,191
- Gross operating margin +€45,457
up €45,457 (+21.0%), from €216,936 to €262,392
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 | €265,252 | €264,932 | -€321 | -0.1% |
| Fixed assets | 21/28 | €155,479 | €155,479 | = | 0.0% |
| Financial fixed assets | 28 | €155,479 | €155,479 | = | 0.0% |
| Current assets | 29/58 | €109,773 | €109,452 | -€321 | -0.3% |
| Amounts receivable within one year | 40/41 | €28,725 | €9,807 | -€18,918 | -65.9% |
| Trade receivables | 40 | €28,725 | €1,925 | -€26,800 | -93.3% |
| Other amounts receivable | 41 | - | €7,882 | +€7,882 | |
| Cash at bank and in hand | 54/58 | €79,210 | €99,645 | +€20,435 | +25.8% |
| Deferred charges and accrued income | 490/1 | €1,837 | €0 | -€1,837 | -100% |
| Total equity and liabilities | 10/49 | €265,252 | €264,932 | -€321 | -0.1% |
| Equity | 10/15 | €118,504 | €120,965 | +€2,460 | +2.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €99,912 | €102,373 | +€2,460 | +2.5% |
| Distributable reserves | 133 | €99,912 | €102,373 | +€2,460 | +2.5% |
| Amounts payable | 17/49 | €146,748 | €143,967 | -€2,781 | -1.9% |
| Amounts payable within one year | 42/48 | €146,748 | €143,967 | -€2,781 | -1.9% |
| Trade debts | 44 | €38,402 | €30,344 | -€8,058 | -21.0% |
| Suppliers | 440/4 | €38,402 | €30,344 | -€8,058 | -21.0% |
| Taxes, remuneration and social security | 45 | €48,346 | €50,942 | +€2,596 | +5.4% |
| Taxes | 450/3 | €21,853 | €22,734 | +€881 | +4.0% |
| Remuneration and social security | 454/9 | €26,493 | €28,208 | +€1,715 | +6.5% |
| Other amounts payable | 47/48 | €60,000 | €62,681 | +€2,681 | +4.5% |
| Remuneration, social security and pensions | 62 | €211,867 | €258,191 | +€46,325 | +21.9% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €216,936 | €262,392 | +€45,457 | +21.0% |
| Operating profit (loss) | 9901 | €4,564 | €3,681 | -€882 | -19.3% |
| Financial income | 75/76B | - | €26 | +€26 | |
| Recurring financial income | 75 | - | €26 | +€26 | |
| Financial charges | 65/66B | €39 | €40 | +€1 | +3.5% |
| Recurring financial charges | 65 | €39 | €40 | +€1 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €4,525 | €3,667 | -€857 | -18.9% |
| Income taxes | 67/77 | €1,396 | €1,207 | -€189 | -13.6% |
| Profit (loss) for the period | 9904 | €3,128 | €2,460 | -€668 | -21.4% |
| Profit (loss) for the period to be appropriated | 9905 | €3,128 | €2,460 | -€668 | -21.4% |
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.