AN GROUP: 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.
AN GROUP
Largest movements
- Cash +€2,643
up €2,643 (+82.0%), from €3,222 to €5,865
mainly Tax, wage and social debts (+€19,462) and Other debts (+€3,566)
- Receivables within one year -€653
down €653 (-58.5%), from €1,116 to €463
- Intangible fixed assets -€600
down €600 (-33.3%), from €1,800 to €1,200
- Deferred charges and accrued income +€274
new in 2025: €274
- Profit (loss) carried forward -€23,852
down €23,852 (-483.6%), from -€4,932 to -€28,784
- Tax, wage and social debts +€19,462
up €19,462 (+518.2%), from €3,756 to €23,218
of which Remuneration and social security: +€14,232
- Other debts +€3,566
new in 2025: €3,566
- Trade debts +€2,489
up €2,489 (+348.7%), from €714 to €3,202
- Staff costs +€22,690
new in 2025: €22,690
- Gross operating margin -€1,752
down €1,752, from €1,470 to -€282
- Depreciation -€179
down €179 (-23.0%), from €779 to €600
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 | €6,138 | €7,802 | +€1,664 | +27.1% |
| Fixed assets | 21/28 | €1,800 | €1,200 | -€600 | -33.3% |
| Intangible fixed assets | 21 | €1,800 | €1,200 | -€600 | -33.3% |
| Tangible fixed assets | 22/27 | - | €0 | = | |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Current assets | 29/58 | €4,338 | €6,602 | +€2,264 | +52.2% |
| Amounts receivable within one year | 40/41 | €1,116 | €463 | -€653 | -58.5% |
| Trade receivables | 40 | €1,116 | €463 | -€653 | -58.5% |
| Cash at bank and in hand | 54/58 | €3,222 | €5,865 | +€2,643 | +82.0% |
| Deferred charges and accrued income | 490/1 | - | €274 | +€274 | |
| Total equity and liabilities | 10/49 | €6,138 | €7,802 | +€1,664 | +27.1% |
| Equity | 10/15 | €1,668 | -€22,184 | -€23,852 | |
| Contributions | 10/11 | €6,600 | €6,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,932 | -€28,784 | -€23,852 | -483.6% |
| Amounts payable | 17/49 | €4,470 | €29,986 | +€25,516 | +570.9% |
| Amounts payable within one year | 42/48 | €4,470 | €29,986 | +€25,516 | +570.9% |
| Trade debts | 44 | €714 | €3,202 | +€2,489 | +348.7% |
| Suppliers | 440/4 | €714 | €3,202 | +€2,489 | +348.7% |
| Taxes, remuneration and social security | 45 | €3,756 | €23,218 | +€19,462 | +518.2% |
| Taxes | 450/3 | €3,756 | €8,985 | +€5,230 | +139.2% |
| Remuneration and social security | 454/9 | - | €14,232 | +€14,232 | |
| Other amounts payable | 47/48 | - | €3,566 | +€3,566 | |
| Non-recurring operating income | 76A | - | €2,060 | +€2,060 | |
| Remuneration, social security and pensions | 62 | - | €22,690 | +€22,690 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €779 | €600 | -€179 | -23.0% |
| Non-recurring operating charges | 66A | - | €116 | +€116 | |
| Gross operating margin | 9900 | €1,470 | -€282 | -€1,752 | |
| Operating profit (loss) | 9901 | €691 | -€23,689 | -€24,380 | |
| Financial charges | 65/66B | €153 | €163 | +€10 | +6.5% |
| Recurring financial charges | 65 | €153 | €163 | +€10 | +6.5% |
| Profit (loss) for the period before taxes | 9903 | €538 | -€23,852 | -€24,390 | |
| Profit (loss) for the period | 9904 | €538 | -€23,852 | -€24,390 | |
| Profit (loss) for the period to be appropriated | 9905 | €538 | -€23,852 | -€24,390 |
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 11 October 2026 via checked.be.