ANAKODE: 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.
ANAKODE
Largest movements
- Financial fixed assets +€25,000
up €25,000 (+18.4%), from €135,844 to €160,844
- Tangible fixed assets -€13,923
down €13,923 (-43.6%), from €31,925 to €18,002
of which Furniture and vehicles: -€13,806
- Cash +€5,002
up €5,002 (+3.8%), from €132,277 to €137,279
mainly Net result for the year (+€33,568) and Depreciation (+€15,732)
- Profit (loss) carried forward +€33,568
up €33,568 (+2,040%), from €1,646 to €35,214
- Debts after one year -€12,727
no longer reported in 2025 (was €12,727)
- Tax, wage and social debts -€3,683
down €3,683 (-22.5%), from €16,377 to €12,694
of which Remuneration and social security: -€7,500
- Financial charges -€4,413
down €4,413 (-86.6%), from €5,098 to €685
of which Non-recurring financial charges: -€3,860
- Gross operating margin +€2,395
up €2,395 (+4.3%), from €55,251 to €57,646
- Taxes +€1,971
up €1,971 (+28.0%), from €7,032 to €9,003
- Financial income +€1,630
new in 2025: €1,630
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 | €315,103 | €331,568 | +€16,465 | +5.2% |
| Fixed assets | 21/28 | €167,769 | €178,846 | +€11,077 | +6.6% |
| Tangible fixed assets | 22/27 | €31,925 | €18,002 | -€13,923 | -43.6% |
| Plant, machinery and equipment | 23 | €835 | €718 | -€117 | -14.0% |
| Furniture and vehicles | 24 | €31,090 | €17,284 | -€13,806 | -44.4% |
| Financial fixed assets | 28 | €135,844 | €160,844 | +€25,000 | +18.4% |
| Current assets | 29/58 | €147,335 | €152,722 | +€5,388 | +3.7% |
| Amounts receivable within one year | 40/41 | €15,057 | €15,444 | +€386 | +2.6% |
| Trade receivables | 40 | €14,823 | €15,444 | +€621 | +4.2% |
| Other amounts receivable | 41 | €235 | - | -€235 | |
| Cash at bank and in hand | 54/58 | €132,277 | €137,279 | +€5,002 | +3.8% |
| Total equity and liabilities | 10/49 | €315,103 | €331,568 | +€16,465 | +5.2% |
| Equity | 10/15 | €267,846 | €301,414 | +€33,568 | +12.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €260,000 | €260,000 | = | 0.0% |
| Distributable reserves | 133 | €260,000 | €260,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,646 | €35,214 | +€33,568 | +2,040% |
| Amounts payable | 17/49 | €47,257 | €30,154 | -€17,103 | -36.2% |
| Amounts payable after more than one year | 17 | €12,727 | - | -€12,727 | |
| Financial debts | 170/4 | €12,727 | - | -€12,727 | |
| Amounts payable within one year | 42/48 | €34,530 | €30,154 | -€4,376 | -12.7% |
| Current portion of amounts payable after more than one year | 42 | €11,604 | €12,727 | +€1,123 | +9.7% |
| Financial debts | 43 | - | €35 | +€35 | |
| Credit institutions | 430/8 | - | €35 | +€35 | |
| Trade debts | 44 | €2,864 | €247 | -€2,617 | -91.4% |
| Suppliers | 440/4 | €2,864 | €247 | -€2,617 | -91.4% |
| Taxes, remuneration and social security | 45 | €16,377 | €12,694 | -€3,683 | -22.5% |
| Taxes | 450/3 | €8,877 | €12,694 | +€3,817 | +43.0% |
| Remuneration and social security | 454/9 | €7,500 | - | -€7,500 | |
| Other amounts payable | 47/48 | €3,685 | €4,451 | +€767 | +20.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,133 | €15,732 | -€401 | -2.5% |
| Other operating charges | 640/8 | €105 | €288 | +€183 | +175% |
| Gross operating margin | 9900 | €55,251 | €57,646 | +€2,395 | +4.3% |
| Operating profit (loss) | 9901 | €39,013 | €41,626 | +€2,613 | +6.7% |
| Financial income | 75/76B | - | €1,630 | +€1,630 | |
| Recurring financial income | 75 | - | €1,630 | +€1,630 | |
| Financial charges | 65/66B | €5,098 | €685 | -€4,413 | -86.6% |
| Recurring financial charges | 65 | €1,238 | €685 | -€553 | -44.7% |
| Non-recurring financial charges | 66B | €3,860 | - | -€3,860 | |
| Profit (loss) for the period before taxes | 9903 | €33,915 | €42,571 | +€8,655 | +25.5% |
| Income taxes | 67/77 | €7,032 | €9,003 | +€1,971 | +28.0% |
| Profit (loss) for the period | 9904 | €26,884 | €33,568 | +€6,684 | +24.9% |
| Profit (loss) for the period to be appropriated | 9905 | €26,884 | €33,568 | +€6,684 | +24.9% |
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 14 October 2026 via checked.be.