ANBELO: 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.
ANBELO
Largest movements
- Cash +€24,869
up €24,869 (+21.1%), from €117,646 to €142,515
mainly Other debts (+€184,666) and Net result for the year (+€99,605)
- Receivables within one year -€11,690
down €11,690 (-28.1%), from €41,576 to €29,886
- Tangible fixed assets -€6,690
down €6,690 (-1.4%), from €462,278 to €455,588
of which Furniture and vehicles: -€11,141
- Other debts +€184,666
up €184,666 (+458%), from €40,343 to €225,009
- Reserves -€150,395
down €150,395 (-54.1%), from €277,963 to €127,568
- Debts after one year -€22,424
down €22,424 (-9.8%), from €228,158 to €205,734
- Depreciation +€10,264
up €10,264 (+38.6%), from €26,585 to €36,849
- Gross operating margin -€7,785
down €7,785 (-4.3%), from €181,558 to €173,773
- Taxes -€3,498
down €3,498 (-10.8%), from €32,338 to €28,840
- Financial charges -€1,985
down €1,985 (-20.0%), from €9,927 to €7,942
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 | €622,538 | €629,392 | +€6,854 | +1.1% |
| Fixed assets | 21/28 | €462,278 | €455,588 | -€6,690 | -1.4% |
| Tangible fixed assets | 22/27 | €462,278 | €455,588 | -€6,690 | -1.4% |
| Furniture and vehicles | 24 | €35,591 | €24,450 | -€11,141 | -31.3% |
| Other tangible fixed assets | 26 | €426,687 | €431,138 | +€4,451 | +1.0% |
| Current assets | 29/58 | €160,260 | €173,804 | +€13,544 | +8.5% |
| Amounts receivable within one year | 40/41 | €41,576 | €29,886 | -€11,690 | -28.1% |
| Trade receivables | 40 | €41,576 | €29,886 | -€11,690 | -28.1% |
| Cash at bank and in hand | 54/58 | €117,646 | €142,515 | +€24,869 | +21.1% |
| Deferred charges and accrued income | 490/1 | €1,038 | €1,403 | +€365 | +35.2% |
| Total equity and liabilities | 10/49 | €622,538 | €629,392 | +€6,854 | +1.1% |
| Equity | 10/15 | €296,563 | €146,168 | -€150,395 | -50.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €277,963 | €127,568 | -€150,395 | -54.1% |
| Distributable reserves | 133 | €277,963 | €127,568 | -€150,395 | -54.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €325,975 | €483,224 | +€157,249 | +48.2% |
| Amounts payable after more than one year | 17 | €228,158 | €205,734 | -€22,424 | -9.8% |
| Financial debts | 170/4 | €228,158 | €205,734 | -€22,424 | -9.8% |
| Amounts payable within one year | 42/48 | €96,817 | €276,490 | +€179,673 | +186% |
| Current portion of amounts payable after more than one year | 42 | €22,457 | €22,829 | +€372 | +1.7% |
| Trade debts | 44 | €3,235 | €934 | -€2,301 | -71.1% |
| Suppliers | 440/4 | €3,235 | €934 | -€2,301 | -71.1% |
| Taxes, remuneration and social security | 45 | €30,781 | €27,718 | -€3,063 | -10.0% |
| Taxes | 450/3 | €26,266 | €23,153 | -€3,113 | -11.9% |
| Remuneration and social security | 454/9 | €4,515 | €4,565 | +€50 | +1.1% |
| Other amounts payable | 47/48 | €40,343 | €225,009 | +€184,666 | +458% |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,000 | = | 0.0% |
| Non-recurring operating income | 76A | €16,922 | €0 | -€16,922 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,585 | €36,849 | +€10,264 | +38.6% |
| Other operating charges | 640/8 | €1,707 | €1,746 | +€40 | +2.3% |
| Gross operating margin | 9900 | €181,558 | €173,773 | -€7,785 | -4.3% |
| Operating profit (loss) | 9901 | €153,266 | €135,178 | -€18,089 | -11.8% |
| Financial income | 75/76B | €427 | €1,208 | +€781 | +183% |
| Recurring financial income | 75 | €427 | €1,208 | +€781 | +183% |
| Financial charges | 65/66B | €9,927 | €7,942 | -€1,985 | -20.0% |
| Recurring financial charges | 65 | €9,927 | €7,942 | -€1,985 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | €143,767 | €128,444 | -€15,323 | -10.7% |
| Income taxes | 67/77 | €32,338 | €28,840 | -€3,498 | -10.8% |
| Profit (loss) for the period | 9904 | €111,429 | €99,605 | -€11,824 | -10.6% |
| Profit (loss) for the period to be appropriated | 9905 | €111,429 | €99,605 | -€11,824 | -10.6% |
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 17 October 2026 via checked.be.