A.N.A.: 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.
A.N.A.
Largest movements
- Tangible fixed assets -€14,624
down €14,624 (-6.3%), from €231,700 to €217,076
- Debts after one year -€29,616
down €29,616 (-25.0%), from €118,623 to €89,007
- Other debts +€14,397
up €14,397 (+18.1%), from €79,620 to €94,016
- Current portion of long-term debt +€4,118
up €4,118 (+14.8%), from €27,887 to €32,004
- Reserves -€3,058
down €3,058 (-24.2%), from €12,630 to €9,572
- Financial charges -€1,651
down €1,651 (-16.6%), from €9,917 to €8,266
- Other operating charges +€1,284
up €1,284 (+40.5%), from €3,172 to €4,455
- Gross operating margin +€1,047
up €1,047 (+4.5%), from €23,240 to €24,287
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 | €260,890 | €247,972 | -€12,918 | -5.0% |
| Fixed assets | 21/28 | €253,462 | €238,838 | -€14,624 | -5.8% |
| Tangible fixed assets | 22/27 | €231,700 | €217,076 | -€14,624 | -6.3% |
| Land and buildings | 22 | €231,700 | €217,076 | -€14,624 | -6.3% |
| Financial fixed assets | 28 | €21,762 | €21,762 | = | 0.0% |
| Current assets | 29/58 | €7,428 | €9,134 | +€1,706 | +23.0% |
| Amounts receivable within one year | 40/41 | €6,000 | €6,000 | = | 0.0% |
| Other amounts receivable | 41 | €6,000 | €6,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,428 | €634 | -€794 | -55.6% |
| Deferred charges and accrued income | 490/1 | - | €2,500 | +€2,500 | |
| Total equity and liabilities | 10/49 | €260,890 | €247,972 | -€12,918 | -5.0% |
| Equity | 10/15 | €31,222 | €28,164 | -€3,058 | -9.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €12,630 | €9,572 | -€3,058 | -24.2% |
| Distributable reserves | 133 | €12,630 | €9,572 | -€3,058 | -24.2% |
| Amounts payable | 17/49 | €229,668 | €219,809 | -€9,859 | -4.3% |
| Amounts payable after more than one year | 17 | €118,623 | €89,007 | -€29,616 | -25.0% |
| Financial debts | 170/4 | €118,623 | €89,007 | -€29,616 | -25.0% |
| Amounts payable within one year | 42/48 | €111,045 | €130,194 | +€19,149 | +17.2% |
| Current portion of amounts payable after more than one year | 42 | €27,887 | €32,004 | +€4,118 | +14.8% |
| Financial debts | 43 | €3,000 | €3,000 | = | 0.0% |
| Credit institutions | 430/8 | €3,000 | €3,000 | = | 0.0% |
| Trade debts | 44 | €539 | €1,173 | +€635 | +117.8% |
| Suppliers | 440/4 | €539 | €1,173 | +€635 | +117.8% |
| Other amounts payable | 47/48 | €79,620 | €94,016 | +€14,397 | +18.1% |
| Accrued charges and deferred income | 492/3 | - | €607 | +€607 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,624 | €14,624 | = | 0.0% |
| Other operating charges | 640/8 | €3,172 | €4,455 | +€1,284 | +40.5% |
| Gross operating margin | 9900 | €23,240 | €24,287 | +€1,047 | +4.5% |
| Operating profit (loss) | 9901 | €5,444 | €5,208 | -€237 | -4.3% |
| Financial charges | 65/66B | €9,917 | €8,266 | -€1,651 | -16.6% |
| Recurring financial charges | 65 | €9,917 | €8,266 | -€1,651 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | -€4,473 | -€3,058 | +€1,414 | +31.6% |
| Profit (loss) for the period | 9904 | -€4,473 | -€3,058 | +€1,414 | +31.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,473 | -€3,058 | +€1,414 | +31.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.