A.N Clôtures: 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.
A.N Clôtures
Largest movements
- Tangible fixed assets +€90,990
up €90,990 (+33.2%), from €274,028 to €365,018
of which Plant, machinery and equipment: +€77,477
- Cash +€43,765
up €43,765 (+81.0%), from €54,063 to €97,828
mainly Net result for the year (+€95,211) and Depreciation (+€82,960)
- Deferred charges and accrued income +€18,820
up €18,820 (+2,849%), from €661 to €19,480
- Profit (loss) carried forward +€95,211
up €95,211 (+26,585%), from €358 to €95,569
- Debts after one year +€55,612
up €55,612 (+31.4%), from €177,341 to €232,953
- Current portion of long-term debt +€30,400
up €30,400 (+57.2%), from €53,148 to €83,547
- Short-term financial debts -€25,000
no longer reported in 2025 (was €25,000)
- Tax, wage and social debts +€14,433
up €14,433 (+45.2%), from €31,965 to €46,398
of which Taxes: +€12,839
- Gross operating margin +€134,507
up €134,507 (+104%), from €129,401 to €263,908
- Staff costs +€38,186
up €38,186 (+1,090%), from €3,505 to €41,691
- Depreciation +€21,053
up €21,053 (+34.0%), from €61,907 to €82,960
- Taxes +€10,289
up €10,289 (+85.2%), from €12,072 to €22,361
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 | €518,315 | €678,570 | +€160,255 | +30.9% |
| Formation expenses | 20 | €1,144 | €818 | -€326 | -28.5% |
| Fixed assets | 21/28 | €274,233 | €365,223 | +€90,990 | +33.2% |
| Tangible fixed assets | 22/27 | €274,028 | €365,018 | +€90,990 | +33.2% |
| Plant, machinery and equipment | 23 | €20,617 | €98,094 | +€77,477 | +376% |
| Furniture and vehicles | 24 | €253,411 | €266,924 | +€13,513 | +5.3% |
| Financial fixed assets | 28 | €205 | €205 | = | 0.0% |
| Current assets | 29/58 | €242,938 | €312,529 | +€69,590 | +28.6% |
| Stocks and contracts in progress | 3 | €52,124 | €53,919 | +€1,795 | +3.4% |
| Stocks | 30/36 | €37,814 | €53,919 | +€16,105 | +42.6% |
| Contracts in progress | 37 | €14,310 | - | -€14,310 | |
| Amounts receivable within one year | 40/41 | €136,090 | €141,301 | +€5,211 | +3.8% |
| Trade receivables | 40 | €134,877 | €141,292 | +€6,415 | +4.8% |
| Other amounts receivable | 41 | €1,213 | €9 | -€1,204 | -99.3% |
| Cash at bank and in hand | 54/58 | €54,063 | €97,828 | +€43,765 | +81.0% |
| Deferred charges and accrued income | 490/1 | €661 | €19,480 | +€18,820 | +2,849% |
| Total equity and liabilities | 10/49 | €518,315 | €678,570 | +€160,255 | +30.9% |
| Equity | 10/15 | €73,908 | €169,119 | +€95,211 | +129% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €68,550 | €68,550 | = | 0.0% |
| Distributable reserves | 133 | €68,550 | €68,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €358 | €95,569 | +€95,211 | +26,585% |
| Amounts payable | 17/49 | €444,407 | €509,451 | +€65,044 | +14.6% |
| Amounts payable after more than one year | 17 | €177,341 | €232,953 | +€55,612 | +31.4% |
| Financial debts | 170/4 | €177,341 | €232,953 | +€55,612 | +31.4% |
| Amounts payable within one year | 42/48 | €266,364 | €275,936 | +€9,572 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | €53,148 | €83,547 | +€30,400 | +57.2% |
| Financial debts | 43 | €25,000 | - | -€25,000 | |
| Credit institutions | 430/8 | €25,000 | - | -€25,000 | |
| Trade debts | 44 | €36,974 | €25,314 | -€11,661 | -31.5% |
| Suppliers | 440/4 | €36,974 | €25,314 | -€11,661 | -31.5% |
| Advances received on contracts in progress | 46 | - | €12,000 | +€12,000 | |
| Taxes, remuneration and social security | 45 | €31,965 | €46,398 | +€14,433 | +45.2% |
| Taxes | 450/3 | €29,210 | €42,050 | +€12,839 | +44.0% |
| Remuneration and social security | 454/9 | €2,755 | €4,348 | +€1,594 | +57.9% |
| Other amounts payable | 47/48 | €119,277 | €108,677 | -€10,600 | -8.9% |
| Accrued charges and deferred income | 492/3 | €702 | €562 | -€140 | -19.9% |
| Non-recurring operating income | 76A | €10,031 | €106 | -€9,925 | -98.9% |
| Remuneration, social security and pensions | 62 | €3,505 | €41,691 | +€38,186 | +1,090% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,907 | €82,960 | +€21,053 | +34.0% |
| Other operating charges | 640/8 | €3,000 | €3,178 | +€178 | +5.9% |
| Non-recurring operating charges | 66A | €535 | €5,620 | +€5,085 | +951% |
| Gross operating margin | 9900 | €129,401 | €263,908 | +€134,507 | +104% |
| Operating profit (loss) | 9901 | €60,454 | €130,459 | +€70,004 | +116% |
| Financial charges | 65/66B | €13,024 | €12,887 | -€137 | -1.1% |
| Recurring financial charges | 65 | €13,024 | €12,887 | -€137 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | €47,430 | €117,572 | +€70,142 | +148% |
| Income taxes | 67/77 | €12,072 | €22,361 | +€10,289 | +85.2% |
| Profit (loss) for the period | 9904 | €35,358 | €95,211 | +€59,853 | +169% |
| Profit (loss) for the period to be appropriated | 9905 | €35,358 | €95,211 | +€59,853 | +169% |
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 14 October 2026 via checked.be.