ANAROG: 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.
ANAROG
Largest movements
- Receivables within one year +€12,017
up €12,017 (+4321.4%), from €278 to €12,295
of which Trade receivables: +€11,909
- Cash +€11,508
up €11,508 (+5.2%), from €221,042 to €232,550
mainly Net result for the year (+€16,314) and Depreciation (+€4,161)
- Tangible fixed assets -€4,161
down €4,161 (-15.0%), from €27,717 to €23,556
of which Other tangible fixed assets: -€2,700
- Reserves +€122,520
up €122,520 (+6587.1%), from €1,860 to €124,380
of which Distributable reserves: +€122,520
- Profit (loss) carried forward -€106,206
down €106,206 (-100.0%), from €106,206 to €0
- Other debts +€4,151
up €4,151 (+3.4%), from €121,028 to €125,179
- Gross operating margin +€53,660
up €53,660, from -€19,557 to €34,103
- Financial charges +€15,554
up €15,554 (+1166.5%), from €1,333 to €16,888
- Financial income -€8,497
down €8,497 (-72.3%), from €11,757 to €3,260
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 | €249,037 | €268,401 | +€19,364 | +7.8% |
| Fixed assets | 21/28 | €27,717 | €23,556 | -€4,161 | -15.0% |
| Tangible fixed assets | 22/27 | €27,717 | €23,556 | -€4,161 | -15.0% |
| Furniture and vehicles | 24 | €4,333 | €2,872 | -€1,461 | -33.7% |
| Other tangible fixed assets | 26 | €23,384 | €20,684 | -€2,700 | -11.5% |
| Current assets | 29/58 | €221,320 | €244,845 | +€23,525 | +10.6% |
| Amounts receivable within one year | 40/41 | €278 | €12,295 | +€12,017 | +4321.4% |
| Trade receivables | 40 | - | €11,909 | +€11,909 | |
| Other amounts receivable | 41 | €278 | €385 | +€107 | +38.6% |
| Cash at bank and in hand | 54/58 | €221,042 | €232,550 | +€11,508 | +5.2% |
| Total equity and liabilities | 10/49 | €249,037 | €268,401 | +€19,364 | +7.8% |
| Equity | 10/15 | €126,666 | €142,980 | +€16,314 | +12.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €124,380 | +€122,520 | +6587.1% |
| 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 | - | €122,520 | +€122,520 | |
| Profit (loss) carried forward | 14 | €106,206 | €0 | -€106,206 | -100.0% |
| Amounts payable | 17/49 | €122,371 | €125,421 | +€3,050 | +2.5% |
| Amounts payable within one year | 42/48 | €122,371 | €125,406 | +€3,035 | +2.5% |
| Trade debts | 44 | €143 | €227 | +€83 | +58.2% |
| Suppliers | 440/4 | €143 | €227 | +€83 | +58.2% |
| Taxes, remuneration and social security | 45 | €1,200 | €0 | -€1,200 | -100.0% |
| Taxes | 450/3 | €1,200 | €0 | -€1,200 | -100.0% |
| Other amounts payable | 47/48 | €121,028 | €125,179 | +€4,151 | +3.4% |
| Accrued charges and deferred income | 492/3 | - | €15 | +€15 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,390 | €4,161 | -€229 | -5.2% |
| Gross operating margin | 9900 | -€19,557 | €34,103 | +€53,660 | |
| Operating profit (loss) | 9901 | -€23,947 | €29,942 | +€53,889 | |
| Financial income | 75/76B | €11,757 | €3,260 | -€8,497 | -72.3% |
| Recurring financial income | 75 | €11,757 | €3,260 | -€8,497 | -72.3% |
| Financial charges | 65/66B | €1,333 | €16,888 | +€15,554 | +1166.5% |
| Recurring financial charges | 65 | €1,333 | €16,888 | +€15,554 | +1166.5% |
| Profit (loss) for the period before taxes | 9903 | -€13,524 | €16,314 | +€29,838 | |
| Profit (loss) for the period | 9904 | -€13,524 | €16,314 | +€29,838 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,524 | €16,314 | +€29,838 |
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 9 October 2026 via checked.be.