ANA: 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.
ANA
Largest movements
- Stocks and contracts -€46,007
down €46,007 (-74.3%), from €61,945 to €15,937
- Tangible fixed assets -€27,500
down €27,500 (-5.0%), from €552,500 to €525,000
- Profit (loss) carried forward -€76,633
down €76,633, from €16,222 to -€60,411
- Debts after one year -€44,175
down €44,175 (-16.4%), from €268,816 to €224,641
- Other debts +€29,952
up €29,952 (+20.1%), from €149,190 to €179,143
- Trade debts +€22,787
up €22,787 (+27.1%), from €84,052 to €106,839
- Tax, wage and social debts -€7,103
down €7,103 (-28.1%), from €25,313 to €18,210
of which Remuneration and social security: -€5,728
- Gross operating margin -€124,701
down €124,701 (-77.9%), from €160,023 to €35,322
- Other operating charges -€19,531
down €19,531 (-67.9%), from €28,754 to €9,223
- Financial income -€9,550
down €9,550 (-85.3%), from €11,193 to €1,643
of which Non-recurring financial income: -€9,350
- Taxes -€5,885
down €5,885 (-91.6%), from €6,423 to €538
- Write-downs -€5,374
no longer reported in 2025 (was €5,374)
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 | €620,281 | €547,633 | -€72,648 | -11.7% |
| Fixed assets | 21/28 | €552,500 | €525,000 | -€27,500 | -5.0% |
| Tangible fixed assets | 22/27 | €552,500 | €525,000 | -€27,500 | -5.0% |
| Land and buildings | 22 | €552,500 | €525,000 | -€27,500 | -5.0% |
| Current assets | 29/58 | €67,781 | €22,633 | -€45,148 | -66.6% |
| Stocks and contracts in progress | 3 | €61,945 | €15,937 | -€46,007 | -74.3% |
| Stocks | 30/36 | €61,945 | €15,937 | -€46,007 | -74.3% |
| Amounts receivable within one year | 40/41 | - | €840 | +€840 | |
| Other amounts receivable | 41 | - | €840 | +€840 | |
| Cash at bank and in hand | 54/58 | €1,989 | €1,897 | -€92 | -4.6% |
| Deferred charges and accrued income | 490/1 | €3,847 | €3,958 | +€111 | +2.9% |
| Total equity and liabilities | 10/49 | €620,281 | €547,633 | -€72,648 | -11.7% |
| Equity | 10/15 | €28,778 | -€47,854 | -€76,633 | |
| Contributions | 10/11 | €10,697 | €10,697 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | €1,859 | - | -€1,859 | |
| Distributable reserves | 133 | - | €1,859 | +€1,859 | |
| Profit (loss) carried forward | 14 | €16,222 | -€60,411 | -€76,633 | |
| Amounts payable | 17/49 | €591,503 | €595,488 | +€3,985 | +0.7% |
| Amounts payable after more than one year | 17 | €268,816 | €224,641 | -€44,175 | -16.4% |
| Financial debts | 170/4 | €268,816 | €224,641 | -€44,175 | -16.4% |
| Amounts payable within one year | 42/48 | €321,886 | €369,335 | +€47,449 | +14.7% |
| Current portion of amounts payable after more than one year | 42 | €43,416 | €48,143 | +€4,727 | +10.9% |
| Financial debts | 43 | €19,915 | €17,000 | -€2,915 | -14.6% |
| Credit institutions | 430/8 | €19,915 | €17,000 | -€2,915 | -14.6% |
| Trade debts | 44 | €84,052 | €106,839 | +€22,787 | +27.1% |
| Suppliers | 440/4 | €84,052 | €106,839 | +€22,787 | +27.1% |
| Taxes, remuneration and social security | 45 | €25,313 | €18,210 | -€7,103 | -28.1% |
| Taxes | 450/3 | €5,798 | €4,423 | -€1,375 | -23.7% |
| Remuneration and social security | 454/9 | €19,516 | €13,787 | -€5,728 | -29.4% |
| Other amounts payable | 47/48 | €149,190 | €179,143 | +€29,952 | +20.1% |
| Accrued charges and deferred income | 492/3 | €800 | €1,511 | +€711 | +88.9% |
| Non-recurring operating income | 76A | €2,292 | - | -€2,292 | |
| Remuneration, social security and pensions | 62 | €68,123 | €66,731 | -€1,392 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,500 | €27,500 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,374 | - | -€5,374 | |
| Other operating charges | 640/8 | €28,754 | €9,223 | -€19,531 | -67.9% |
| Gross operating margin | 9900 | €160,023 | €35,322 | -€124,701 | -77.9% |
| Operating profit (loss) | 9901 | €30,270 | -€68,132 | -€98,403 | |
| Financial income | 75/76B | €11,193 | €1,643 | -€9,550 | -85.3% |
| Recurring financial income | 75 | €253 | €53 | -€200 | -79.2% |
| Non-recurring financial income | 76B | €10,940 | €1,590 | -€9,350 | -85.5% |
| Financial charges | 65/66B | €12,914 | €9,605 | -€3,308 | -25.6% |
| Recurring financial charges | 65 | €12,914 | €9,605 | -€3,308 | -25.6% |
| Profit (loss) for the period before taxes | 9903 | €28,550 | -€76,095 | -€104,645 | |
| Income taxes | 67/77 | €6,423 | €538 | -€5,885 | -91.6% |
| Profit (loss) for the period | 9904 | €22,127 | -€76,633 | -€98,760 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,127 | -€76,633 | -€98,760 |
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.