ANB ADVICE: 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.
ANB ADVICE
Largest movements
- Receivables within one year +€144,340
up €144,340 (+694.3%), from €20,791 to €165,131
- Receivables after one year -€129,139
down €129,139 (-100.0%), from €129,139 to €0
- Cash +€48,668
up €48,668 (+186.5%), from €26,102 to €74,770
mainly Receivables after one year (+€129,139) and Net result for the year (+€76,114)
- Intangible fixed assets -€6,643
down €6,643 (-27.2%), from €24,389 to €17,746
- Tangible fixed assets -€4,664
down €4,664 (-5.8%), from €80,878 to €76,214
of which Other tangible fixed assets: -€3,555
- Profit (loss) carried forward +€76,114
up €76,114 (+412.5%), from €18,452 to €94,566
- Trade debts -€20,704
down €20,704 (-87.5%), from €23,666 to €2,962
- Debts after one year -€7,488
down €7,488 (-8.8%), from €84,640 to €77,152
of which Financial debts: -€7,488
- Tax, wage and social debts +€4,739
up €4,739 (+34.9%), from €13,579 to €18,317
of which Taxes: +€4,739
- Staff costs -€22,633
down €22,633 (-65.4%), from €34,588 to €11,955
- Financial income +€8,277
up €8,277 (+14485.7%), from €57 to €8,334
- Gross operating margin -€6,671
down €6,671 (-5.1%), from €130,978 to €124,307
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 | €294,207 | €347,132 | +€52,926 | +18.0% |
| Fixed assets | 21/28 | €105,367 | €94,059 | -€11,308 | -10.7% |
| Intangible fixed assets | 21 | €24,389 | €17,746 | -€6,643 | -27.2% |
| Tangible fixed assets | 22/27 | €80,878 | €76,214 | -€4,664 | -5.8% |
| Plant, machinery and equipment | 23 | €15,775 | €14,666 | -€1,109 | -7.0% |
| Other tangible fixed assets | 26 | €65,103 | €61,548 | -€3,555 | -5.5% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €188,840 | €253,073 | +€64,233 | +34.0% |
| Amounts receivable after more than one year | 29 | €129,139 | €0 | -€129,139 | -100.0% |
| Other amounts receivable | 291 | €129,139 | €0 | -€129,139 | -100.0% |
| Amounts receivable within one year | 40/41 | €20,791 | €165,131 | +€144,340 | +694.3% |
| Other amounts receivable | 41 | €20,791 | €165,131 | +€144,340 | +694.3% |
| Cash at bank and in hand | 54/58 | €26,102 | €74,770 | +€48,668 | +186.5% |
| Deferred charges and accrued income | 490/1 | €12,808 | €13,172 | +€364 | +2.8% |
| Total equity and liabilities | 10/49 | €294,207 | €347,132 | +€52,926 | +18.0% |
| Equity | 10/15 | €165,099 | €241,213 | +€76,114 | +46.1% |
| Reserves | 13 | €146,647 | €146,647 | = | 0.0% |
| Distributable reserves | 133 | €146,647 | €146,647 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,452 | €94,566 | +€76,114 | +412.5% |
| Amounts payable | 17/49 | €129,107 | €105,919 | -€23,188 | -18.0% |
| Amounts payable after more than one year | 17 | €84,640 | €77,152 | -€7,488 | -8.8% |
| Financial debts | 170/4 | €84,640 | €77,152 | -€7,488 | -8.8% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €44,468 | €28,767 | -€15,700 | -35.3% |
| Current portion of amounts payable after more than one year | 42 | €7,223 | €7,488 | +€265 | +3.7% |
| Trade debts | 44 | €23,666 | €2,962 | -€20,704 | -87.5% |
| Suppliers | 440/4 | €23,666 | €2,962 | -€20,704 | -87.5% |
| Taxes, remuneration and social security | 45 | €13,579 | €18,317 | +€4,739 | +34.9% |
| Taxes | 450/3 | €13,579 | €18,317 | +€4,739 | +34.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €12,000 | +€12,000 | |
| Remuneration, social security and pensions | 62 | €34,588 | €11,955 | -€22,633 | -65.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,184 | €18,347 | +€1,164 | +6.8% |
| Other operating charges | 640/8 | €528 | €901 | +€374 | +70.8% |
| Gross operating margin | 9900 | €130,978 | €124,307 | -€6,671 | -5.1% |
| Operating profit (loss) | 9901 | €78,679 | €93,104 | +€14,425 | +18.3% |
| Financial income | 75/76B | €57 | €8,334 | +€8,277 | +14485.7% |
| Recurring financial income | 75 | €57 | €8,334 | +€8,277 | +14485.7% |
| Financial charges | 65/66B | €3,666 | €4,916 | +€1,250 | +34.1% |
| Recurring financial charges | 65 | €3,666 | €4,916 | +€1,250 | +34.1% |
| Profit (loss) for the period before taxes | 9903 | €75,070 | €96,522 | +€21,452 | +28.6% |
| Income taxes | 67/77 | €21,397 | €20,408 | -€989 | -4.6% |
| Profit (loss) for the period | 9904 | €53,673 | €76,114 | +€22,441 | +41.8% |
| Profit (loss) for the period to be appropriated | 9905 | €53,673 | €76,114 | +€22,441 | +41.8% |
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 5 October 2026 via checked.be.