AANEST: 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.
AANEST
Largest movements
- Receivables within one year +€35,899
up €35,899 (+712%), from €5,043 to €40,942
of which Trade receivables: +€35,900
- Tangible fixed assets -€13,514
down €13,514 (-58.8%), from €22,997 to €9,483
- Cash +€6,544
new in 2025: €6,544
mainly Depreciation (+€13,514) and Advances received (+€13,151)
- Advances received +€13,151
new in 2025: €13,151
- Other debts +€10,170
up €10,170 (+146%), from €6,969 to €17,139
- Debts after one year -€7,992
down €7,992 (-48.2%), from €16,583 to €8,591
- Profit (loss) carried forward +€4,225
up €4,225 (+21.3%), from -€19,815 to -€15,590
- Current portion of long-term debt +€3,698
new in 2025: €3,698
- Gross operating margin +€28,365
up €28,365, from -€6,992 to €21,373
- Depreciation +€13,514
new in 2025: €13,514
- Taxes +€1,826
new in 2025: €1,826
- Other operating charges -€1,242
down €1,242 (-75.1%), from €1,653 to €411
- Financial charges +€500
up €500 (+55.8%), from €897 to €1,397
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 | €40,440 | €69,369 | +€28,929 | +71.5% |
| Fixed assets | 21/28 | €35,397 | €21,883 | -€13,514 | -38.2% |
| Tangible fixed assets | 22/27 | €22,997 | €9,483 | -€13,514 | -58.8% |
| Furniture and vehicles | 24 | €22,997 | €9,483 | -€13,514 | -58.8% |
| Financial fixed assets | 28 | €12,400 | €12,400 | = | 0.0% |
| Current assets | 29/58 | €5,043 | €47,486 | +€42,443 | +842% |
| Amounts receivable within one year | 40/41 | €5,043 | €40,942 | +€35,899 | +712% |
| Trade receivables | 40 | €4,875 | €40,775 | +€35,900 | +736% |
| Other amounts receivable | 41 | €168 | €168 | -€0 | -0.1% |
| Cash at bank and in hand | 54/58 | - | €6,544 | +€6,544 | |
| Total equity and liabilities | 10/49 | €40,440 | €69,369 | +€28,929 | +71.5% |
| Equity | 10/15 | -€1,215 | €3,010 | +€4,225 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,815 | -€15,590 | +€4,225 | +21.3% |
| Amounts payable | 17/49 | €41,655 | €66,359 | +€24,704 | +59.3% |
| Amounts payable after more than one year | 17 | €16,583 | €8,591 | -€7,992 | -48.2% |
| Financial debts | 170/4 | €16,583 | €8,591 | -€7,992 | -48.2% |
| Amounts payable within one year | 42/48 | €25,072 | €57,768 | +€32,696 | +130% |
| Current portion of amounts payable after more than one year | 42 | - | €3,698 | +€3,698 | |
| Trade debts | 44 | €18,103 | €21,697 | +€3,594 | +19.9% |
| Suppliers | 440/4 | €18,103 | €21,697 | +€3,594 | +19.9% |
| Advances received on contracts in progress | 46 | - | €13,151 | +€13,151 | |
| Taxes, remuneration and social security | 45 | - | €2,084 | +€2,084 | |
| Taxes | 450/3 | - | €2,084 | +€2,084 | |
| Other amounts payable | 47/48 | €6,969 | €17,139 | +€10,170 | +146% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €13,514 | +€13,514 | |
| Other operating charges | 640/8 | €1,653 | €411 | -€1,242 | -75.1% |
| Gross operating margin | 9900 | -€6,992 | €21,373 | +€28,365 | |
| Operating profit (loss) | 9901 | -€8,645 | €7,448 | +€16,093 | |
| Financial charges | 65/66B | €897 | €1,397 | +€500 | +55.8% |
| Recurring financial charges | 65 | €897 | €1,397 | +€500 | +55.8% |
| Profit (loss) for the period before taxes | 9903 | -€9,542 | €6,051 | +€15,593 | |
| Income taxes | 67/77 | - | €1,826 | +€1,826 | |
| Profit (loss) for the period | 9904 | -€9,542 | €4,225 | +€13,767 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,542 | €4,225 | +€13,767 |
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 25 October 2026 via checked.be.