Anaga Management: 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.
Anaga Management
Largest movements
- Cash +€47,164
up €47,164 (+45.7%), from €103,092 to €150,255
mainly Other debts (+€151,860) and Net result for the year (+€77,781)
- Current investments +€36,092
up €36,092 (+55.5%), from €65,000 to €101,092
- Other debts +€151,860
up €151,860 (+4,753%), from €3,195 to €155,055
- Reserves -€67,704
down €67,704 (-47.2%), from €143,573 to €75,870
- Tax, wage and social debts -€18,140
down €18,140 (-57.5%), from €31,559 to €13,419
- Trade debts +€16,373
up €16,373 (+4,090%), from €400 to €16,773
- Depreciation -€6,132
down €6,132 (-73.6%), from €8,334 to €2,202
- Gross operating margin +€4,447
up €4,447 (+4.5%), from €98,844 to €103,292
- Taxes +€2,826
up €2,826 (+14.4%), from €19,634 to €22,460
- Other operating charges -€2,097
down €2,097 (-68.3%), from €3,069 to €972
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 | €184,760 | €267,544 | +€82,784 | +44.8% |
| Fixed assets | 21/28 | €2,560 | €1,511 | -€1,049 | -41.0% |
| Tangible fixed assets | 22/27 | €2,560 | €1,511 | -€1,049 | -41.0% |
| Plant, machinery and equipment | 23 | - | €980 | +€980 | |
| Furniture and vehicles | 24 | €2,560 | €531 | -€2,029 | -79.3% |
| Current assets | 29/58 | €182,200 | €266,033 | +€83,833 | +46.0% |
| Amounts receivable within one year | 40/41 | €12,718 | €13,161 | +€443 | +3.5% |
| Trade receivables | 40 | €12,352 | €13,161 | +€809 | +6.5% |
| Other amounts receivable | 41 | €366 | €0 | -€366 | -100% |
| Current investments | 50/53 | €65,000 | €101,092 | +€36,092 | +55.5% |
| Cash at bank and in hand | 54/58 | €103,092 | €150,255 | +€47,164 | +45.7% |
| Deferred charges and accrued income | 490/1 | €1,390 | €1,524 | +€134 | +9.7% |
| Total equity and liabilities | 10/49 | €184,760 | €267,544 | +€82,784 | +44.8% |
| Equity | 10/15 | €149,573 | €81,870 | -€67,704 | -45.3% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €143,573 | €75,870 | -€67,704 | -47.2% |
| Distributable reserves | 133 | €143,573 | €75,870 | -€67,704 | -47.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €35,186 | €185,674 | +€150,488 | +428% |
| Amounts payable within one year | 42/48 | €35,154 | €185,247 | +€150,093 | +427% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €400 | €16,773 | +€16,373 | +4,090% |
| Suppliers | 440/4 | €400 | €16,773 | +€16,373 | +4,090% |
| Taxes, remuneration and social security | 45 | €31,559 | €13,419 | -€18,140 | -57.5% |
| Taxes | 450/3 | €31,559 | €13,419 | -€18,140 | -57.5% |
| Other amounts payable | 47/48 | €3,195 | €155,055 | +€151,860 | +4,753% |
| Accrued charges and deferred income | 492/3 | €32 | €427 | +€395 | +1,235% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,334 | €2,202 | -€6,132 | -73.6% |
| Other operating charges | 640/8 | €3,069 | €972 | -€2,097 | -68.3% |
| Gross operating margin | 9900 | €98,844 | €103,292 | +€4,447 | +4.5% |
| Operating profit (loss) | 9901 | €87,441 | €100,118 | +€12,677 | +14.5% |
| Financial income | 75/76B | €34 | €197 | +€163 | +476% |
| Recurring financial income | 75 | €34 | €197 | +€163 | +476% |
| Financial charges | 65/66B | €138 | €75 | -€63 | -45.6% |
| Recurring financial charges | 65 | €138 | €75 | -€63 | -45.6% |
| Profit (loss) for the period before taxes | 9903 | €87,338 | €100,241 | +€12,903 | +14.8% |
| Income taxes | 67/77 | €19,634 | €22,460 | +€2,826 | +14.4% |
| Profit (loss) for the period | 9904 | €67,704 | €77,781 | +€10,077 | +14.9% |
| Profit (loss) for the period to be appropriated | 9905 | €67,704 | €77,781 | +€10,077 | +14.9% |
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 19 October 2026 via checked.be.