ANBELI: 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.
ANBELI
Largest movements
- Tangible fixed assets +€224,371
up €224,371 (+13.8%), from €1.6m to €1.8m
of which Land and buildings: +€237,942
- Current investments +€50,000
up €50,000 (+26.2%), from €190,982 to €240,982
- Receivables within one year +€42,082
up €42,082 (+636.5%), from €6,612 to €48,693
- Cash +€25,767
up €25,767 (+127.7%), from €20,179 to €45,945
mainly Debts after one year (+€489,789) and Depreciation (+€137,780)
- Debts after one year +€489,789
up €489,789 (+41.6%), from €1.2m to €1.7m
of which Financial debts: +€489,789
- Other debts -€295,524
down €295,524 (-93.2%), from €317,021 to €21,497
- Current portion of long-term debt +€77,850
up €77,850 (+127.3%), from €61,172 to €139,022
- Advances received +€42,000
new in 2025: €42,000
- Reserves +€28,543
up €28,543 (+10.8%), from €264,949 to €293,492
of which Distributable reserves: +€28,543
- Gross operating margin +€88,078
up €88,078 (+60.8%), from €144,849 to €232,927
- Depreciation +€42,347
up €42,347 (+44.4%), from €95,433 to €137,780
- Financial charges +€30,978
up €30,978 (+124.2%), from €24,941 to €55,919
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 | €1,842,804 | €2,185,677 | +€342,874 | +18.6% |
| Fixed assets | 21/28 | €1,625,032 | €1,849,403 | +€224,371 | +13.8% |
| Tangible fixed assets | 22/27 | €1,625,032 | €1,849,403 | +€224,371 | +13.8% |
| Land and buildings | 22 | €1,588,731 | €1,826,674 | +€237,942 | +15.0% |
| Furniture and vehicles | 24 | €36,301 | €22,729 | -€13,571 | -37.4% |
| Current assets | 29/58 | €217,772 | €336,274 | +€118,503 | +54.4% |
| Amounts receivable within one year | 40/41 | €6,612 | €48,693 | +€42,082 | +636.5% |
| Other amounts receivable | 41 | €6,612 | €48,693 | +€42,082 | +636.5% |
| Current investments | 50/53 | €190,982 | €240,982 | +€50,000 | +26.2% |
| Cash at bank and in hand | 54/58 | €20,179 | €45,945 | +€25,767 | +127.7% |
| Deferred charges and accrued income | 490/1 | €0 | €654 | +€654 | |
| Total equity and liabilities | 10/49 | €1,842,804 | €2,185,677 | +€342,874 | +18.6% |
| Equity | 10/15 | €282,345 | €310,889 | +€28,543 | +10.1% |
| Contributions | 10/11 | €0 | - | = | |
| Reserves | 13 | €264,949 | €293,492 | +€28,543 | +10.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €264,949 | €293,492 | +€28,543 | +10.8% |
| Profit (loss) carried forward | 14 | €17,396 | €17,396 | = | 0.0% |
| Amounts payable | 17/49 | €1,560,459 | €1,874,789 | +€314,330 | +20.1% |
| Amounts payable after more than one year | 17 | €1,176,328 | €1,666,117 | +€489,789 | +41.6% |
| Financial debts | 170/4 | €1,168,828 | €1,658,617 | +€489,789 | +41.9% |
| Other amounts payable | 178/9 | €7,500 | €7,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €384,131 | €208,672 | -€175,459 | -45.7% |
| Current portion of amounts payable after more than one year | 42 | €61,172 | €139,022 | +€77,850 | +127.3% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Advances received on contracts in progress | 46 | - | €42,000 | +€42,000 | |
| Taxes, remuneration and social security | 45 | €5,937 | €6,153 | +€215 | +3.6% |
| Taxes | 450/3 | €5,937 | €6,153 | +€215 | +3.6% |
| Other amounts payable | 47/48 | €317,021 | €21,497 | -€295,524 | -93.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95,433 | €137,780 | +€42,347 | +44.4% |
| Other operating charges | 640/8 | €1,225 | €1,088 | -€137 | -11.2% |
| Gross operating margin | 9900 | €144,849 | €232,927 | +€88,078 | +60.8% |
| Operating profit (loss) | 9901 | €48,191 | €94,060 | +€45,869 | +95.2% |
| Financial income | 75/76B | €6,406 | €5,833 | -€573 | -8.9% |
| Recurring financial income | 75 | €6,406 | €5,833 | -€573 | -8.9% |
| Financial charges | 65/66B | €24,941 | €55,919 | +€30,978 | +124.2% |
| Recurring financial charges | 65 | €24,941 | €55,919 | +€30,978 | +124.2% |
| Profit (loss) for the period before taxes | 9903 | €29,656 | €43,974 | +€14,317 | +48.3% |
| Income taxes | 67/77 | €15,301 | €15,430 | +€129 | +0.8% |
| Profit (loss) for the period | 9904 | €14,355 | €28,543 | +€14,188 | +98.8% |
| Transfer from tax-exempt reserves | 789 | €37,200 | €0 | -€37,200 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €51,555 | €28,543 | -€23,012 | -44.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.