ANB INFRA: 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.
ANB INFRA
Largest movements
- Cash +€239,692
up €239,692 (+119%), from €201,595 to €441,287
mainly Net result for the year (+€236,664) and Receivables within one year (+€52,604)
- Receivables within one year -€52,604
down €52,604 (-40.7%), from €129,131 to €76,527
of which Trade receivables: -€69,315
- Tangible fixed assets +€35,347
up €35,347 (+201%), from €17,578 to €52,925
of which Plant, machinery and equipment: +€28,303
- Profit (loss) carried forward +€236,664
up €236,664 (+117%), from €202,104 to €438,769
- Trade debts -€40,574
down €40,574 (-54.5%), from €74,433 to €33,859
- Tax, wage and social debts +€30,477
up €30,477 (+50.8%), from €60,016 to €90,492
of which Taxes: +€28,590
- Other debts -€11,251
no longer reported in 2025 (was €11,251)
- Accrued charges and deferred income +€7,170
new in 2025: €7,170
- Turnover +€805,164
up €805,164 (+127%), from €633,049 to €1.4m
- Purchases and services +€521,483
up €521,483 (+95.4%), from €546,651 to €1.1m
- Gross operating margin +€283,682
up €283,682 (+328%), from €86,399 to €370,080
- Taxes +€65,630
up €65,630 (+668%), from €9,825 to €75,455
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 | €351,804 | €574,838 | +€223,034 | +63.4% |
| Fixed assets | 21/28 | €21,078 | €57,025 | +€35,947 | +171% |
| Tangible fixed assets | 22/27 | €17,578 | €52,925 | +€35,347 | +201% |
| Plant, machinery and equipment | 23 | - | €28,303 | +€28,303 | |
| Furniture and vehicles | 24 | €17,578 | €24,622 | +€7,043 | +40.1% |
| Financial fixed assets | 28 | €3,500 | €4,100 | +€600 | +17.1% |
| Current assets | 29/58 | €330,726 | €517,813 | +€187,088 | +56.6% |
| Amounts receivable within one year | 40/41 | €129,131 | €76,527 | -€52,604 | -40.7% |
| Trade receivables | 40 | €118,144 | €48,830 | -€69,315 | -58.7% |
| Other amounts receivable | 41 | €10,986 | €27,697 | +€16,710 | +152% |
| Cash at bank and in hand | 54/58 | €201,595 | €441,287 | +€239,692 | +119% |
| Total equity and liabilities | 10/49 | €351,804 | €574,838 | +€223,034 | +63.4% |
| Equity | 10/15 | €206,104 | €442,769 | +€236,664 | +115% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €202,104 | €438,769 | +€236,664 | +117% |
| Amounts payable | 17/49 | €145,699 | €132,069 | -€13,630 | -9.4% |
| Amounts payable within one year | 42/48 | €145,699 | €124,900 | -€20,800 | -14.3% |
| Current portion of amounts payable after more than one year | 42 | - | €549 | +€549 | |
| Trade debts | 44 | €74,433 | €33,859 | -€40,574 | -54.5% |
| Suppliers | 440/4 | €74,433 | €33,859 | -€40,574 | -54.5% |
| Taxes, remuneration and social security | 45 | €60,016 | €90,492 | +€30,477 | +50.8% |
| Taxes | 450/3 | €57,699 | €86,290 | +€28,590 | +49.6% |
| Remuneration and social security | 454/9 | €2,316 | €4,202 | +€1,886 | +81.4% |
| Other amounts payable | 47/48 | €11,251 | - | -€11,251 | |
| Accrued charges and deferred income | 492/3 | - | €7,170 | +€7,170 | |
| Turnover | 70 | €633,049 | €1,438,214 | +€805,164 | +127% |
| Goods, raw materials, services and sundry goods | 60/61 | €546,651 | €1,068,133 | +€521,483 | +95.4% |
| Remuneration, social security and pensions | 62 | €35,912 | €47,246 | +€11,334 | +31.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,088 | €10,768 | +€9,680 | +890% |
| Other operating charges | 640/8 | €20 | €365 | +€344 | +1,683% |
| Gross operating margin | 9900 | €86,399 | €370,080 | +€283,682 | +328% |
| Operating profit (loss) | 9901 | €49,379 | €311,702 | +€262,323 | +531% |
| Financial income | 75/76B | €3 | €606 | +€603 | +23,754% |
| Recurring financial income | 75 | €3 | €606 | +€603 | +23,754% |
| Financial charges | 65/66B | €258 | €188 | -€69 | -26.9% |
| Recurring financial charges | 65 | €258 | €188 | -€69 | -26.9% |
| Profit (loss) for the period before taxes | 9903 | €49,123 | €312,119 | +€262,996 | +535% |
| Income taxes | 67/77 | €9,825 | €75,455 | +€65,630 | +668% |
| Profit (loss) for the period | 9904 | €39,298 | €236,664 | +€197,366 | +502% |
| Profit (loss) for the period to be appropriated | 9905 | €39,298 | €236,664 | +€197,366 | +502% |
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 23 October 2026 via checked.be.