A.N.I.PROJECTS: 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.I.PROJECTS
Largest movements
- Receivables within one year +€17,848
up €17,848 (+119%), from €14,972 to €32,820
of which Trade receivables: +€17,848
- Stocks and contracts +€10,903
up €10,903 (+521%), from €2,092 to €12,995
- Intangible fixed assets +€9,907
up €9,907 (+1,872%), from €529 to €10,436
- Cash +€3,325
up €3,325 (+124%), from €2,677 to €6,001
mainly Trade debts (+€54,063) and Other debts (+€16,875)
- Financial fixed assets +€2,850
new in 2025: €2,850
- Trade debts +€54,063
up €54,063 (+4,223%), from €1,280 to €55,343
- Profit (loss) carried forward -€32,293
down €32,293 (-299%), from -€10,795 to -€43,088
- Other debts +€16,875
up €16,875 (+21.2%), from €79,705 to €96,580
- Tax, wage and social debts +€5,979
up €5,979 (+85.6%), from €6,986 to €12,965
of which Taxes: +€6,585
- Gross operating margin -€36,986
down €36,986, from €17,416 to -€19,569
- Depreciation -€5,483
down €5,483 (-39.6%), from €13,832 to €8,350
- Financial charges -€1,619
down €1,619 (-64.5%), from €2,511 to €893
- Staff costs +€328
up €328 (+11.9%), from €2,749 to €3,077
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 | €80,246 | €124,800 | +€44,554 | +55.5% |
| Fixed assets | 21/28 | €57,611 | €67,782 | +€10,171 | +17.7% |
| Intangible fixed assets | 21 | €529 | €10,436 | +€9,907 | +1,872% |
| Tangible fixed assets | 22/27 | €57,082 | €54,496 | -€2,586 | -4.5% |
| Land and buildings | 22 | €5,219 | €4,780 | -€438 | -8.4% |
| Plant, machinery and equipment | 23 | €10,491 | €12,711 | +€2,220 | +21.2% |
| Furniture and vehicles | 24 | €41,373 | €35,254 | -€6,118 | -14.8% |
| Other tangible fixed assets | 26 | - | €1,750 | +€1,750 | |
| Financial fixed assets | 28 | - | €2,850 | +€2,850 | |
| Current assets | 29/58 | €22,635 | €57,018 | +€34,383 | +152% |
| Stocks and contracts in progress | 3 | €2,092 | €12,995 | +€10,903 | +521% |
| Stocks | 30/36 | €2,092 | €12,995 | +€10,903 | +521% |
| Amounts receivable within one year | 40/41 | €14,972 | €32,820 | +€17,848 | +119% |
| Trade receivables | 40 | €12,783 | €30,631 | +€17,848 | +140% |
| Other amounts receivable | 41 | €2,189 | €2,189 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,677 | €6,001 | +€3,325 | +124% |
| Deferred charges and accrued income | 490/1 | €2,893 | €5,201 | +€2,308 | +79.8% |
| Total equity and liabilities | 10/49 | €80,246 | €124,800 | +€44,554 | +55.5% |
| Equity | 10/15 | -€7,795 | -€40,088 | -€32,293 | -414% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,795 | -€43,088 | -€32,293 | -299% |
| Amounts payable | 17/49 | €88,041 | €164,888 | +€76,847 | +87.3% |
| Amounts payable within one year | 42/48 | €87,971 | €164,888 | +€76,917 | +87.4% |
| Trade debts | 44 | €1,280 | €55,343 | +€54,063 | +4,223% |
| Suppliers | 440/4 | €1,280 | €55,343 | +€54,063 | +4,223% |
| Taxes, remuneration and social security | 45 | €6,986 | €12,965 | +€5,979 | +85.6% |
| Taxes | 450/3 | €6,380 | €12,965 | +€6,585 | +103% |
| Remuneration and social security | 454/9 | €605 | €0 | -€605 | -100% |
| Other amounts payable | 47/48 | €79,705 | €96,580 | +€16,875 | +21.2% |
| Accrued charges and deferred income | 492/3 | €70 | €0 | -€70 | -100% |
| Remuneration, social security and pensions | 62 | €2,749 | €3,077 | +€328 | +11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,832 | €8,350 | -€5,483 | -39.6% |
| Other operating charges | 640/8 | €406 | €255 | -€151 | -37.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €17,416 | -€19,569 | -€36,986 | |
| Operating profit (loss) | 9901 | €428 | -€31,251 | -€31,680 | |
| Financial income | 75/76B | €45 | €117 | +€72 | +162% |
| Recurring financial income | 75 | €30 | €54 | +€24 | +81.7% |
| Non-recurring financial income | 76B | €15 | €63 | +€48 | +320% |
| Financial charges | 65/66B | €2,511 | €893 | -€1,619 | -64.5% |
| Recurring financial charges | 65 | €2,511 | €893 | -€1,619 | -64.5% |
| Profit (loss) for the period before taxes | 9903 | -€2,038 | -€32,027 | -€29,989 | -1,471% |
| Income taxes | 67/77 | €315 | €266 | -€48 | -15.4% |
| Profit (loss) for the period | 9904 | -€2,353 | -€32,293 | -€29,940 | -1,273% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,353 | -€32,293 | -€29,940 | -1,273% |
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 15 October 2026 via checked.be.