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
- Receivables within one year +€23,389
up €23,389 (+432%), from €5,416 to €28,805
of which Other amounts receivable: +€27,550
- Debts after one year -€28,570
down €28,570 (-35.3%), from €80,948 to €52,378
- Profit (loss) carried forward +€23,587
up €23,587 (+1,109%), from €2,127 to €25,714
- Tax, wage and social debts +€20,693
up €20,693 (+1,018%), from €2,032 to €22,724
of which Taxes: +€18,025
- Advances received +€9,328
up €9,328 (+62.2%), from €15,000 to €24,328
- Current portion of long-term debt -€4,762
down €4,762 (-14.3%), from €33,331 to €28,570
- Gross operating margin +€19,598
up €19,598 (+129%), from €15,161 to €34,760
- Taxes +€5,122
up €5,122 (+616%), from €832 to €5,954
- Financial charges -€934
down €934 (-14.9%), from €6,287 to €5,353
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 | €151,285 | €173,673 | +€22,388 | +14.8% |
| Fixed assets | 21/28 | €142,850 | €142,850 | = | 0.0% |
| Financial fixed assets | 28 | €142,850 | €142,850 | = | 0.0% |
| Current assets | 29/58 | €8,435 | €30,823 | +€22,388 | +265% |
| Amounts receivable within one year | 40/41 | €5,416 | €28,805 | +€23,389 | +432% |
| Trade receivables | 40 | €4,160 | - | -€4,160 | |
| Other amounts receivable | 41 | €1,255 | €28,805 | +€27,550 | +2,195% |
| Cash at bank and in hand | 54/58 | €3,019 | €1,684 | -€1,335 | -44.2% |
| Deferred charges and accrued income | 490/1 | - | €334 | +€334 | |
| Total equity and liabilities | 10/49 | €151,285 | €173,673 | +€22,388 | +14.8% |
| Equity | 10/15 | €10,127 | €33,714 | +€23,587 | +233% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,127 | €25,714 | +€23,587 | +1,109% |
| Amounts payable | 17/49 | €141,158 | €139,960 | -€1,198 | -0.8% |
| Amounts payable after more than one year | 17 | €80,948 | €52,378 | -€28,570 | -35.3% |
| Financial debts | 170/4 | €80,948 | €52,378 | -€28,570 | -35.3% |
| Amounts payable within one year | 42/48 | €59,267 | €87,581 | +€28,314 | +47.8% |
| Current portion of amounts payable after more than one year | 42 | €33,331 | €28,570 | -€4,762 | -14.3% |
| Trade debts | 44 | €8,904 | €11,959 | +€3,055 | +34.3% |
| Suppliers | 440/4 | €8,904 | €11,959 | +€3,055 | +34.3% |
| Advances received on contracts in progress | 46 | €15,000 | €24,328 | +€9,328 | +62.2% |
| Taxes, remuneration and social security | 45 | €2,032 | €22,724 | +€20,693 | +1,018% |
| Taxes | 450/3 | €2,032 | €20,056 | +€18,025 | +887% |
| Remuneration and social security | 454/9 | - | €2,668 | +€2,668 | |
| Accrued charges and deferred income | 492/3 | €942 | - | -€942 | |
| Non-recurring operating income | 76A | €185 | - | -€185 | |
| Non-recurring operating charges | 66A | €1,200 | €200 | -€1,000 | -83.3% |
| Gross operating margin | 9900 | €15,161 | €34,760 | +€19,598 | +129% |
| Operating profit (loss) | 9901 | €13,961 | €34,560 | +€20,598 | +148% |
| Financial income | 75/76B | - | €334 | +€334 | |
| Recurring financial income | 75 | - | €334 | +€334 | |
| Financial charges | 65/66B | €6,287 | €5,353 | -€934 | -14.9% |
| Recurring financial charges | 65 | €6,287 | €5,353 | -€934 | -14.9% |
| Profit (loss) for the period before taxes | 9903 | €7,674 | €29,540 | +€21,866 | +285% |
| Income taxes | 67/77 | €832 | €5,954 | +€5,122 | +616% |
| Profit (loss) for the period | 9904 | €6,842 | €23,587 | +€16,744 | +245% |
| Profit (loss) for the period to be appropriated | 9905 | €6,842 | €23,587 | +€16,744 | +245% |
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.