Anbel: 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.
Anbel
Largest movements
- Receivables within one year +€18,428
up €18,428 (+146.3%), from €12,600 to €31,028
of which Trade receivables: +€20,185
- Cash +€8,778
up €8,778 (+71.0%), from €12,361 to €21,139
mainly Net result for the year (+€43,676) and Depreciation (+€10,922)
- Intangible fixed assets -€8,403
down €8,403 (-49.7%), from €16,907 to €8,505
- Tangible fixed assets +€4,736
up €4,736 (+38.5%), from €12,309 to €17,044
of which Other tangible fixed assets: +€5,887
- Profit (loss) carried forward +€43,676
up €43,676 (+41.9%), from -€104,125 to -€60,449
- Other debts -€20,056
down €20,056 (-22.3%), from €89,840 to €69,784
- Gross operating margin +€33,316
up €33,316 (+150.3%), from €22,165 to €55,481
- Depreciation +€1,509
up €1,509 (+16.0%), from €9,413 to €10,922
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 | €54,665 | €78,285 | +€23,621 | +43.2% |
| Fixed assets | 21/28 | €29,216 | €25,549 | -€3,667 | -12.6% |
| Intangible fixed assets | 21 | €16,907 | €8,505 | -€8,403 | -49.7% |
| Tangible fixed assets | 22/27 | €12,309 | €17,044 | +€4,736 | +38.5% |
| Plant, machinery and equipment | 23 | €2,542 | €2,005 | -€537 | -21.1% |
| Furniture and vehicles | 24 | €2,632 | €2,018 | -€614 | -23.3% |
| Other tangible fixed assets | 26 | €7,134 | €13,021 | +€5,887 | +82.5% |
| Current assets | 29/58 | €25,448 | €52,736 | +€27,288 | +107.2% |
| Amounts receivable within one year | 40/41 | €12,600 | €31,028 | +€18,428 | +146.3% |
| Trade receivables | 40 | €9,630 | €29,815 | +€20,185 | +209.6% |
| Other amounts receivable | 41 | €2,970 | €1,213 | -€1,757 | -59.2% |
| Cash at bank and in hand | 54/58 | €12,361 | €21,139 | +€8,778 | +71.0% |
| Deferred charges and accrued income | 490/1 | €487 | €570 | +€83 | +16.9% |
| Total equity and liabilities | 10/49 | €54,665 | €78,285 | +€23,621 | +43.2% |
| Equity | 10/15 | -€36,475 | €7,201 | +€43,676 | |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€104,125 | -€60,449 | +€43,676 | +41.9% |
| Amounts payable | 17/49 | €91,140 | €71,084 | -€20,056 | -22.0% |
| Amounts payable within one year | 42/48 | €91,140 | €71,084 | -€20,056 | -22.0% |
| Taxes, remuneration and social security | 45 | €1,300 | €1,300 | = | 0.0% |
| Remuneration and social security | 454/9 | €1,300 | €1,300 | = | 0.0% |
| Other amounts payable | 47/48 | €89,840 | €69,784 | -€20,056 | -22.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,413 | €10,922 | +€1,509 | +16.0% |
| Other operating charges | 640/8 | €872 | €748 | -€125 | -14.3% |
| Gross operating margin | 9900 | €22,165 | €55,481 | +€33,316 | +150.3% |
| Operating profit (loss) | 9901 | €11,880 | €43,811 | +€31,931 | +268.8% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €152 | €134 | -€17 | -11.5% |
| Recurring financial charges | 65 | €152 | €134 | -€17 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | €11,728 | €43,676 | +€31,948 | +272.4% |
| Profit (loss) for the period | 9904 | €11,728 | €43,676 | +€31,948 | +272.4% |
| Profit (loss) for the period to be appropriated | 9905 | €11,728 | €43,676 | +€31,948 | +272.4% |
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 8 October 2026 via checked.be.