ANAZ CONSTRUCT: 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.
ANAZ CONSTRUCT
Largest movements
- Cash +€91,958
up €91,958 (+32.2%), from €285,453 to €377,411
mainly Net result for the year (+€87,411) and Tax, wage and social debts (+€8,883)
- Receivables within one year +€6,254
up €6,254 (+40.7%), from €15,375 to €21,628
of which Trade receivables: +€4,573
- Tangible fixed assets -€5,671
down €5,671 (-50.0%), from €11,342 to €5,671
- Reserves +€86,000
up €86,000 (+36.6%), from €234,860 to €320,860
- Tax, wage and social debts +€8,883
up €8,883 (+31.7%), from €28,058 to €36,941
of which Taxes: +€8,917
- Gross operating margin +€57,012
up €57,012 (+52.9%), from €107,682 to €164,694
- Taxes +€13,708
up €13,708 (+72.1%), from €19,008 to €32,716
- Depreciation -€7,306
down €7,306 (-56.3%), from €12,977 to €5,671
- Staff costs +€1,915
up €1,915 (+5.3%), from €36,232 to €38,147
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 | €315,274 | €407,963 | +€92,689 | +29.4% |
| Fixed assets | 21/28 | €11,342 | €5,671 | -€5,671 | -50.0% |
| Tangible fixed assets | 22/27 | €11,342 | €5,671 | -€5,671 | -50.0% |
| Other tangible fixed assets | 26 | €11,342 | €5,671 | -€5,671 | -50.0% |
| Current assets | 29/58 | €303,932 | €402,292 | +€98,360 | +32.4% |
| Amounts receivable within one year | 40/41 | €15,375 | €21,628 | +€6,254 | +40.7% |
| Trade receivables | 40 | €15,191 | €19,764 | +€4,573 | +30.1% |
| Other amounts receivable | 41 | €184 | €1,864 | +€1,681 | +915.0% |
| Cash at bank and in hand | 54/58 | €285,453 | €377,411 | +€91,958 | +32.2% |
| Deferred charges and accrued income | 490/1 | €3,104 | €3,253 | +€149 | +4.8% |
| Total equity and liabilities | 10/49 | €315,274 | €407,963 | +€92,689 | +29.4% |
| Equity | 10/15 | €280,317 | €367,729 | +€87,411 | +31.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €234,860 | €320,860 | +€86,000 | +36.6% |
| Distributable reserves | 133 | €234,860 | €320,860 | +€86,000 | +36.6% |
| Profit (loss) carried forward | 14 | €33,057 | €34,469 | +€1,411 | +4.3% |
| Amounts payable | 17/49 | €34,957 | €40,235 | +€5,278 | +15.1% |
| Amounts payable within one year | 42/48 | €34,957 | €40,235 | +€5,278 | +15.1% |
| Trade debts | 44 | €6,737 | €3,294 | -€3,443 | -51.1% |
| Suppliers | 440/4 | €6,737 | €3,294 | -€3,443 | -51.1% |
| Taxes, remuneration and social security | 45 | €28,058 | €36,941 | +€8,883 | +31.7% |
| Taxes | 450/3 | €22,808 | €31,725 | +€8,917 | +39.1% |
| Remuneration and social security | 454/9 | €5,250 | €5,215 | -€34 | -0.7% |
| Other amounts payable | 47/48 | €162 | - | -€162 | |
| Remuneration, social security and pensions | 62 | €36,232 | €38,147 | +€1,915 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,977 | €5,671 | -€7,306 | -56.3% |
| Other operating charges | 640/8 | €618 | €559 | -€59 | -9.6% |
| Gross operating margin | 9900 | €107,682 | €164,694 | +€57,012 | +52.9% |
| Operating profit (loss) | 9901 | €57,855 | €120,317 | +€62,462 | +108.0% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €255 | €190 | -€65 | -25.4% |
| Recurring financial charges | 65 | €255 | €190 | -€65 | -25.4% |
| Profit (loss) for the period before taxes | 9903 | €57,601 | €120,127 | +€62,526 | +108.6% |
| Income taxes | 67/77 | €19,008 | €32,716 | +€13,708 | +72.1% |
| Profit (loss) for the period | 9904 | €38,593 | €87,411 | +€48,818 | +126.5% |
| Profit (loss) for the period to be appropriated | 9905 | €38,593 | €87,411 | +€48,818 | +126.5% |
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 2 October 2026 via checked.be.