ANAFIM: 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.
ANAFIM
Largest movements
- Tangible fixed assets -€28,710
down €28,710 (-4.0%), from €710,100 to €681,390
of which Land and buildings: -€16,357
- Deferred charges and accrued income +€14,588
up €14,588 (+1,710%), from €853 to €15,442
- Cash +€14,066
up €14,066 (+126%), from €11,164 to €25,230
mainly Net result for the year (+€52,507) and Depreciation (+€47,281)
- Receivables within one year +€13,576
up €13,576 (+12.8%), from €106,065 to €119,641
of which Trade receivables: +€13,644
- Reserves +€40,000
up €40,000 (+28.2%), from €141,860 to €181,860
of which Distributable reserves: +€40,000
- Debts after one year -€32,118
down €32,118 (-7.6%), from €421,968 to €389,849
of which Financial debts: -€32,118
- Profit (loss) carried forward +€12,507
up €12,507 (+10.8%), from €115,372 to €127,878
- Gross operating margin -€57,135
down €57,135 (-30.6%), from €186,857 to €129,723
- Taxes -€11,015
down €11,015 (-33.8%), from €32,581 to €21,566
- Depreciation +€3,575
up €3,575 (+8.2%), from €43,705 to €47,281
- Other operating charges -€2,906
down €2,906 (-78.4%), from €3,705 to €799
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 | €829,015 | €842,535 | +€13,521 | +1.6% |
| Fixed assets | 21/28 | €710,280 | €681,570 | -€28,710 | -4.0% |
| Tangible fixed assets | 22/27 | €710,100 | €681,390 | -€28,710 | -4.0% |
| Land and buildings | 22 | €571,197 | €554,840 | -€16,357 | -2.9% |
| Plant, machinery and equipment | 23 | €4,592 | €3,619 | -€973 | -21.2% |
| Furniture and vehicles | 24 | €29,247 | €31,117 | +€1,871 | +6.4% |
| Other tangible fixed assets | 26 | €105,065 | €91,814 | -€13,251 | -12.6% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €118,735 | €160,966 | +€42,231 | +35.6% |
| Amounts receivable after more than one year | 29 | €653 | €653 | = | 0.0% |
| Trade receivables | 290 | €653 | €653 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €106,065 | €119,641 | +€13,576 | +12.8% |
| Trade receivables | 40 | €103,502 | €117,146 | +€13,644 | +13.2% |
| Other amounts receivable | 41 | €2,563 | €2,494 | -€68 | -2.7% |
| Cash at bank and in hand | 54/58 | €11,164 | €25,230 | +€14,066 | +126% |
| Deferred charges and accrued income | 490/1 | €853 | €15,442 | +€14,588 | +1,710% |
| Total equity and liabilities | 10/49 | €829,015 | €842,535 | +€13,521 | +1.6% |
| Equity | 10/15 | €275,832 | €328,338 | +€52,507 | +19.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €141,860 | €181,860 | +€40,000 | +28.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €140,000 | €180,000 | +€40,000 | +28.6% |
| Profit (loss) carried forward | 14 | €115,372 | €127,878 | +€12,507 | +10.8% |
| Amounts payable | 17/49 | €553,183 | €514,197 | -€38,986 | -7.0% |
| Amounts payable after more than one year | 17 | €421,968 | €389,849 | -€32,118 | -7.6% |
| Financial debts | 170/4 | €379,833 | €347,714 | -€32,118 | -8.5% |
| Other amounts payable | 178/9 | €42,135 | €42,135 | = | 0.0% |
| Amounts payable within one year | 42/48 | €128,773 | €124,348 | -€4,425 | -3.4% |
| Current portion of amounts payable after more than one year | 42 | €38,368 | €35,380 | -€2,988 | -7.8% |
| Trade debts | 44 | €5,390 | €4,725 | -€665 | -12.3% |
| Suppliers | 440/4 | €5,390 | €4,725 | -€665 | -12.3% |
| Taxes, remuneration and social security | 45 | €31,700 | €32,320 | +€620 | +2.0% |
| Taxes | 450/3 | €22,810 | €26,294 | +€3,484 | +15.3% |
| Remuneration and social security | 454/9 | €8,889 | €6,026 | -€2,864 | -32.2% |
| Other amounts payable | 47/48 | €53,316 | €51,922 | -€1,394 | -2.6% |
| Accrued charges and deferred income | 492/3 | €2,442 | - | -€2,442 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,705 | €47,281 | +€3,575 | +8.2% |
| Other operating charges | 640/8 | €3,705 | €799 | -€2,906 | -78.4% |
| Gross operating margin | 9900 | €186,857 | €129,723 | -€57,135 | -30.6% |
| Operating profit (loss) | 9901 | €139,447 | €81,643 | -€57,804 | -41.5% |
| Financial income | 75/76B | €120 | €76 | -€44 | -36.8% |
| Recurring financial income | 75 | €120 | €76 | -€44 | -36.8% |
| Financial charges | 65/66B | €9,159 | €7,646 | -€1,513 | -16.5% |
| Recurring financial charges | 65 | €9,159 | €7,646 | -€1,513 | -16.5% |
| Profit (loss) for the period before taxes | 9903 | €130,408 | €74,073 | -€56,335 | -43.2% |
| Income taxes | 67/77 | €32,581 | €21,566 | -€11,015 | -33.8% |
| Profit (loss) for the period | 9904 | €97,827 | €52,507 | -€45,321 | -46.3% |
| Profit (loss) for the period to be appropriated | 9905 | €97,827 | €52,507 | -€45,321 | -46.3% |
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 21 October 2026 via checked.be.