ANA GAG: 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 GAG
Largest movements
- Stocks and contracts +€20,347
up €20,347 (+59.9%), from €33,966 to €54,313
- Receivables within one year -€8,238
down €8,238 (-96.0%), from €8,577 to €339
of which Trade receivables: -€7,977
- Cash -€3,226
down €3,226 (-36.5%), from €8,836 to €5,610
mainly Stocks and contracts (-€20,347) and Tax, wage and social debts (-€5,420)
- Financial fixed assets +€2,550
new in 2025: €2,550
- Intangible fixed assets -€800
down €800 (-13.9%), from €5,747 to €4,947
- Other debts +€12,838
up €12,838 (+472%), from €2,719 to €15,557
- Tax, wage and social debts -€5,420
down €5,420 (-56.7%), from €9,564 to €4,144
of which Remuneration and social security: -€4,000
- Trade debts +€2,716
up €2,716 (+144%), from €1,886 to €4,602
- Gross operating margin -€6,903
down €6,903 (-68.1%), from €10,129 to €3,226
- Taxes -€1,721
no longer reported in 2025 (was €1,721)
- Financial charges +€1,566
up €1,566, from -€78 to €1,488
- Other operating charges +€174
up €174 (+21.6%), from €802 to €976
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 | €57,662 | €67,759 | +€10,097 | +17.5% |
| Fixed assets | 21/28 | €5,747 | €7,497 | +€1,750 | +30.5% |
| Intangible fixed assets | 21 | €5,747 | €4,947 | -€800 | -13.9% |
| Financial fixed assets | 28 | - | €2,550 | +€2,550 | |
| Current assets | 29/58 | €51,915 | €60,262 | +€8,347 | +16.1% |
| Stocks and contracts in progress | 3 | €33,966 | €54,313 | +€20,347 | +59.9% |
| Stocks | 30/36 | €33,966 | €54,313 | +€20,347 | +59.9% |
| Amounts receivable within one year | 40/41 | €8,577 | €339 | -€8,238 | -96.0% |
| Trade receivables | 40 | €8,316 | €339 | -€7,977 | -95.9% |
| Other amounts receivable | 41 | €261 | €0 | -€261 | -100% |
| Cash at bank and in hand | 54/58 | €8,836 | €5,610 | -€3,226 | -36.5% |
| Deferred charges and accrued income | 490/1 | €536 | - | -€536 | |
| Total equity and liabilities | 10/49 | €57,662 | €67,759 | +€10,097 | +17.5% |
| Equity | 10/15 | €43,493 | €43,456 | -€36 | -0.1% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €13,576 | €13,576 | = | 0.0% |
| Distributable reserves | 133 | €13,576 | €13,576 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,416 | €22,380 | -€36 | -0.2% |
| Amounts payable | 17/49 | €14,169 | €24,303 | +€10,134 | +71.5% |
| Amounts payable within one year | 42/48 | €14,169 | €24,303 | +€10,134 | +71.5% |
| Trade debts | 44 | €1,886 | €4,602 | +€2,716 | +144% |
| Suppliers | 440/4 | €1,886 | €4,602 | +€2,716 | +144% |
| Taxes, remuneration and social security | 45 | €9,564 | €4,144 | -€5,420 | -56.7% |
| Taxes | 450/3 | €5,064 | €3,644 | -€1,420 | -28.0% |
| Remuneration and social security | 454/9 | €4,500 | €500 | -€4,000 | -88.9% |
| Other amounts payable | 47/48 | €2,719 | €15,557 | +€12,838 | +472% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €800 | €800 | = | 0.0% |
| Other operating charges | 640/8 | €802 | €976 | +€174 | +21.6% |
| Gross operating margin | 9900 | €10,129 | €3,226 | -€6,903 | -68.1% |
| Operating profit (loss) | 9901 | €8,527 | €1,450 | -€7,076 | -83.0% |
| Financial income | 75/76B | €0 | €1 | +€1 | +170% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +170% |
| Financial charges | 65/66B | -€78 | €1,488 | +€1,566 | |
| Recurring financial charges | 65 | -€78 | €1,488 | +€1,566 | |
| Profit (loss) for the period before taxes | 9903 | €8,605 | -€36 | -€8,642 | |
| Income taxes | 67/77 | €1,721 | - | -€1,721 | |
| Profit (loss) for the period | 9904 | €6,884 | -€36 | -€6,921 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,884 | -€36 | -€6,921 |
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 28 October 2026 via checked.be.