ANAF COMPOUNDING SOLUTIONS: what changed
Two fiscal 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.
ANAF COMPOUNDING SOLUTIONS
Largest movements
- Cash +€99,990
up €99,990 (+118.0%), from €84,741 to €184,731
mainly Net result for the year (+€207,088) and Depreciation (+€62,546)
- Receivables within one year -€38,358
down €38,358 (-19.2%), from €200,269 to €161,911
of which Trade receivables: -€26,745
- Stocks and contracts +€24,479
up €24,479 (+20.8%), from €117,706 to €142,185
of which Contracts in progress: +€14,060
- Intangible fixed assets -€12,284
down €12,284 (-22.3%), from €55,187 to €42,903
- Trade debts -€123,651
down €123,651 (-62.3%), from €198,606 to €74,954
- Reserves +€82,088
up €82,088 (+18.1%), from €452,319 to €534,407
- Debts after one year +€56,183
up €56,183 (+108.4%), from €51,830 to €108,013
- Other debts +€50,000
new in 2025: €50,000
- Gross operating margin +€202,994
up €202,994 (+86.8%), from €233,908 to €436,902
- Taxes +€41,901
up €41,901 (+195.2%), from €21,465 to €63,366
- Staff costs +€40,564
up €40,564 (+81.2%), from €49,962 to €90,526
- Depreciation +€32,949
up €32,949 (+111.3%), from €29,597 to €62,546
- Other operating charges -€9,971
down €9,971 (-91.2%), from €10,934 to €962
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 | €768,918 | €843,108 | +€74,191 | +9.6% |
| Fixed assets | 21/28 | €364,493 | €352,188 | -€12,305 | -3.4% |
| Intangible fixed assets | 21 | €55,187 | €42,903 | -€12,284 | -22.3% |
| Tangible fixed assets | 22/27 | €302,521 | €309,185 | +€6,664 | +2.2% |
| Land and buildings | 22 | €17,591 | €11,952 | -€5,639 | -32.1% |
| Plant, machinery and equipment | 23 | €55,842 | €82,458 | +€26,615 | +47.7% |
| Furniture and vehicles | 24 | €10,930 | €8,510 | -€2,420 | -22.1% |
| Other tangible fixed assets | 26 | €218,158 | €206,265 | -€11,893 | -5.5% |
| Financial fixed assets | 28 | €6,785 | €100 | -€6,685 | -98.5% |
| Current assets | 29/58 | €404,425 | €490,920 | +€86,496 | +21.4% |
| Stocks and contracts in progress | 3 | €117,706 | €142,185 | +€24,479 | +20.8% |
| Stocks | 30/36 | €93,081 | €103,500 | +€10,419 | +11.2% |
| Contracts in progress | 37 | €24,626 | €38,685 | +€14,060 | +57.1% |
| Amounts receivable within one year | 40/41 | €200,269 | €161,911 | -€38,358 | -19.2% |
| Trade receivables | 40 | €168,787 | €142,042 | -€26,745 | -15.8% |
| Other amounts receivable | 41 | €31,482 | €19,869 | -€11,613 | -36.9% |
| Cash at bank and in hand | 54/58 | €84,741 | €184,731 | +€99,990 | +118.0% |
| Deferred charges and accrued income | 490/1 | €1,708 | €2,093 | +€385 | +22.5% |
| Total equity and liabilities | 10/49 | €768,918 | €843,108 | +€74,191 | +9.6% |
| Equity | 10/15 | €470,919 | €553,007 | +€82,088 | +17.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €452,319 | €534,407 | +€82,088 | +18.1% |
| Distributable reserves | 133 | €452,319 | €534,407 | +€82,088 | +18.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €297,999 | €290,102 | -€7,897 | -2.7% |
| Amounts payable after more than one year | 17 | €51,830 | €108,013 | +€56,183 | +108.4% |
| Financial debts | 170/4 | €51,830 | €108,013 | +€56,183 | +108.4% |
| Amounts payable within one year | 42/48 | €245,878 | €181,615 | -€64,263 | -26.1% |
| Current portion of amounts payable after more than one year | 42 | €40,712 | €42,269 | +€1,557 | +3.8% |
| Trade debts | 44 | €198,606 | €74,954 | -€123,651 | -62.3% |
| Suppliers | 440/4 | €198,606 | €74,954 | -€123,651 | -62.3% |
| Taxes, remuneration and social security | 45 | €6,561 | €14,392 | +€7,831 | +119.4% |
| Taxes | 450/3 | €1,211 | €3,423 | +€2,211 | +182.5% |
| Remuneration and social security | 454/9 | €5,349 | €10,969 | +€5,620 | +105.1% |
| Other amounts payable | 47/48 | - | €50,000 | +€50,000 | |
| Accrued charges and deferred income | 492/3 | €291 | €474 | +€183 | +62.8% |
| Remuneration, social security and pensions | 62 | €49,962 | €90,526 | +€40,564 | +81.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,597 | €62,546 | +€32,949 | +111.3% |
| Other operating charges | 640/8 | €10,934 | €962 | -€9,971 | -91.2% |
| Non-recurring operating charges | 66A | - | €5,483 | +€5,483 | |
| Gross operating margin | 9900 | €233,908 | €436,902 | +€202,994 | +86.8% |
| Operating profit (loss) | 9901 | €143,416 | €277,385 | +€133,969 | +93.4% |
| Financial income | 75/76B | €630 | €341 | -€289 | -45.8% |
| Recurring financial income | 75 | €630 | €341 | -€289 | -45.8% |
| Financial charges | 65/66B | €3,287 | €7,272 | +€3,985 | +121.3% |
| Recurring financial charges | 65 | €3,287 | €7,272 | +€3,985 | +121.3% |
| Profit (loss) for the period before taxes | 9903 | €140,759 | €270,454 | +€129,695 | +92.1% |
| Income taxes | 67/77 | €21,465 | €63,366 | +€41,901 | +195.2% |
| Profit (loss) for the period | 9904 | €119,294 | €207,088 | +€87,794 | +73.6% |
| Profit (loss) for the period to be appropriated | 9905 | €119,294 | €207,088 | +€87,794 | +73.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.