ANAVIC: 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.
ANAVIC
Largest movements
- Cash +€333,396
up €333,396 (+870.0%), from €38,323 to €371,719
mainly Current investments (+€320,000) and Depreciation (+€66,228)
- Current investments -€320,000
no longer reported in 2026 (was €320,000)
- Tangible fixed assets -€40,155
down €40,155 (-17.1%), from €235,109 to €194,954
of which Plant, machinery and equipment: -€64,284
- Stocks and contracts -€15,107
down €15,107 (-4.8%), from €312,610 to €297,503
- Tax, wage and social debts +€25,076
up €25,076 (+33.3%), from €75,384 to €100,460
of which Taxes: +€18,515
- Debts after one year -€25,000
down €25,000 (-23.5%), from €106,250 to €81,250
- Other debts -€24,000
no longer reported in 2026 (was €24,000)
- Trade debts -€16,466
down €16,466 (-3.9%), from €423,013 to €406,547
- Accrued charges and deferred income -€9,588
down €9,588 (-98.9%), from €9,698 to €110
- Staff costs +€31,355
up €31,355 (+8.9%), from €353,967 to €385,323
- Gross operating margin +€15,014
up €15,014 (+3.2%), from €471,405 to €486,420
- Taxes +€7,271
up €7,271 (+70.8%), from €10,266 to €17,536
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €942,749 | €899,314 | -€43,435 | -4.6% |
| Fixed assets | 21/28 | €235,472 | €195,317 | -€40,155 | -17.1% |
| Tangible fixed assets | 22/27 | €235,109 | €194,954 | -€40,155 | -17.1% |
| Plant, machinery and equipment | 23 | €235,109 | €170,825 | -€64,284 | -27.3% |
| Furniture and vehicles | 24 | - | €24,129 | +€24,129 | |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €707,278 | €703,998 | -€3,280 | -0.5% |
| Amounts receivable after more than one year | 29 | - | €4,083 | +€4,083 | |
| Trade receivables | 290 | - | €4,083 | +€4,083 | |
| Stocks and contracts in progress | 3 | €312,610 | €297,503 | -€15,107 | -4.8% |
| Stocks | 30/36 | €312,610 | €297,503 | -€15,107 | -4.8% |
| Amounts receivable within one year | 40/41 | €29,191 | €21,342 | -€7,849 | -26.9% |
| Trade receivables | 40 | €24,013 | €19,293 | -€4,720 | -19.7% |
| Other amounts receivable | 41 | €5,178 | €2,049 | -€3,129 | -60.4% |
| Current investments | 50/53 | €320,000 | - | -€320,000 | |
| Cash at bank and in hand | 54/58 | €38,323 | €371,719 | +€333,396 | +870.0% |
| Deferred charges and accrued income | 490/1 | €7,155 | €9,351 | +€2,197 | +30.7% |
| Total equity and liabilities | 10/49 | €942,749 | €899,314 | -€43,435 | -4.6% |
| Equity | 10/15 | €276,850 | €285,948 | +€9,097 | +3.3% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €76,850 | €85,948 | +€9,097 | +11.8% |
| Amounts payable | 17/49 | €665,899 | €613,367 | -€52,532 | -7.9% |
| Amounts payable after more than one year | 17 | €106,250 | €81,250 | -€25,000 | -23.5% |
| Financial debts | 170/4 | €106,250 | €81,250 | -€25,000 | -23.5% |
| Amounts payable within one year | 42/48 | €549,951 | €532,007 | -€17,944 | -3.3% |
| Current portion of amounts payable after more than one year | 42 | €27,554 | €25,000 | -€2,554 | -9.3% |
| Trade debts | 44 | €423,013 | €406,547 | -€16,466 | -3.9% |
| Suppliers | 440/4 | €423,013 | €406,547 | -€16,466 | -3.9% |
| Taxes, remuneration and social security | 45 | €75,384 | €100,460 | +€25,076 | +33.3% |
| Taxes | 450/3 | - | €18,515 | +€18,515 | |
| Remuneration and social security | 454/9 | €75,384 | €81,945 | +€6,561 | +8.7% |
| Other amounts payable | 47/48 | €24,000 | - | -€24,000 | |
| Accrued charges and deferred income | 492/3 | €9,698 | €110 | -€9,588 | -98.9% |
| Remuneration, social security and pensions | 62 | €353,967 | €385,323 | +€31,355 | +8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,511 | €66,228 | +€1,717 | +2.7% |
| Other operating charges | 640/8 | €1,801 | €2,018 | +€216 | +12.0% |
| Gross operating margin | 9900 | €471,405 | €486,420 | +€15,014 | +3.2% |
| Operating profit (loss) | 9901 | €51,125 | €32,852 | -€18,274 | -35.7% |
| Financial income | 75/76B | €10,320 | €9,541 | -€779 | -7.6% |
| Recurring financial income | 75 | €10,320 | €9,541 | -€779 | -7.6% |
| Financial charges | 65/66B | €17,496 | €15,759 | -€1,737 | -9.9% |
| Recurring financial charges | 65 | €17,496 | €15,759 | -€1,737 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €43,949 | €26,634 | -€17,316 | -39.4% |
| Income taxes | 67/77 | €10,266 | €17,536 | +€7,271 | +70.8% |
| Profit (loss) for the period | 9904 | €33,683 | €9,097 | -€24,586 | -73.0% |
| Profit (loss) for the period to be appropriated | 9905 | €33,683 | €9,097 | -€24,586 | -73.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.