ANAFISCO: 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.
ANAFISCO
Largest movements
- Receivables within one year +€18,156
up €18,156 (+91.7%), from €19,796 to €37,953
of which Trade receivables: +€16,446
- Cash -€11,009
down €11,009 (-41.9%), from €26,280 to €15,272
mainly Receivables within one year (-€18,156) and Investment in fixed assets (net) (-€6,231)
- Tangible fixed assets -€3,429
down €3,429 (-8.3%), from €41,401 to €37,972
of which Furniture and vehicles: -€4,657
- Reserves +€10,000
up €10,000 (+50.0%), from €20,000 to €30,000
- Debts after one year -€4,998
down €4,998 (-49.2%), from €10,151 to €5,152
- Tax, wage and social debts -€2,616
down €2,616 (-8.0%), from €32,610 to €29,994
of which Remuneration and social security: -€4,472
- Profit (loss) carried forward +€1,392
up €1,392 (+15.6%), from -€8,918 to -€7,526
- Depreciation +€7,818
up €7,818 (+424.5%), from €1,842 to €9,660
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 | €90,594 | €94,569 | +€3,975 | +4.4% |
| Fixed assets | 21/28 | €41,401 | €37,972 | -€3,429 | -8.3% |
| Tangible fixed assets | 22/27 | €41,401 | €37,972 | -€3,429 | -8.3% |
| Land and buildings | 22 | €2,460 | €1,566 | -€894 | -36.3% |
| Furniture and vehicles | 24 | €38,941 | €34,284 | -€4,657 | -12.0% |
| Leasing and similar rights | 25 | - | €2,122 | +€2,122 | |
| Current assets | 29/58 | €49,193 | €56,597 | +€7,404 | +15.1% |
| Amounts receivable within one year | 40/41 | €19,796 | €37,953 | +€18,156 | +91.7% |
| Trade receivables | 40 | €14,043 | €30,488 | +€16,446 | +117.1% |
| Other amounts receivable | 41 | €5,754 | €7,464 | +€1,710 | +29.7% |
| Cash at bank and in hand | 54/58 | €26,280 | €15,272 | -€11,009 | -41.9% |
| Deferred charges and accrued income | 490/1 | €3,116 | €3,373 | +€257 | +8.2% |
| Total equity and liabilities | 10/49 | €90,594 | €94,569 | +€3,975 | +4.4% |
| Equity | 10/15 | €31,625 | €43,017 | +€11,392 | +36.0% |
| Contributions | 10/11 | €20,543 | €20,543 | = | 0.0% |
| Reserves | 13 | €20,000 | €30,000 | +€10,000 | +50.0% |
| Distributable reserves | 133 | €20,000 | €30,000 | +€10,000 | +50.0% |
| Profit (loss) carried forward | 14 | -€8,918 | -€7,526 | +€1,392 | +15.6% |
| Amounts payable | 17/49 | €58,969 | €51,552 | -€7,417 | -12.6% |
| Amounts payable after more than one year | 17 | €10,151 | €5,152 | -€4,998 | -49.2% |
| Financial debts | 170/4 | €10,151 | €5,152 | -€4,998 | -49.2% |
| Amounts payable within one year | 42/48 | €48,804 | €46,400 | -€2,405 | -4.9% |
| Current portion of amounts payable after more than one year | 42 | €4,849 | €4,998 | +€149 | +3.1% |
| Trade debts | 44 | €867 | €98 | -€768 | -88.6% |
| Suppliers | 440/4 | €867 | €98 | -€768 | -88.6% |
| Advances received on contracts in progress | 46 | €9,650 | €10,150 | +€500 | +5.2% |
| Taxes, remuneration and social security | 45 | €32,610 | €29,994 | -€2,616 | -8.0% |
| Taxes | 450/3 | €8,436 | €10,292 | +€1,856 | +22.0% |
| Remuneration and social security | 454/9 | €24,174 | €19,702 | -€4,472 | -18.5% |
| Other amounts payable | 47/48 | €828 | €1,159 | +€331 | +39.9% |
| Accrued charges and deferred income | 492/3 | €14 | - | -€14 | |
| Remuneration, social security and pensions | 62 | €95,887 | €95,670 | -€217 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,842 | €9,660 | +€7,818 | +424.5% |
| Other operating charges | 640/8 | €708 | €737 | +€29 | +4.1% |
| Gross operating margin | 9900 | €124,181 | €124,398 | +€218 | +0.2% |
| Operating profit (loss) | 9901 | €25,744 | €18,331 | -€7,413 | -28.8% |
| Financial income | 75/76B | €229 | €177 | -€52 | -22.9% |
| Recurring financial income | 75 | €229 | €177 | -€52 | -22.9% |
| Financial charges | 65/66B | €1,378 | €942 | -€436 | -31.7% |
| Recurring financial charges | 65 | €660 | €942 | +€282 | +42.7% |
| Non-recurring financial charges | 66B | €718 | - | -€718 | |
| Profit (loss) for the period before taxes | 9903 | €24,595 | €17,566 | -€7,029 | -28.6% |
| Income taxes | 67/77 | €6,367 | €6,174 | -€193 | -3.0% |
| Profit (loss) for the period | 9904 | €18,228 | €11,392 | -€6,836 | -37.5% |
| Profit (loss) for the period to be appropriated | 9905 | €18,228 | €11,392 | -€6,836 | -37.5% |
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 12 October 2026 via checked.be.