ANBRUDO: 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.
ANBRUDO
Largest movements
- Tangible fixed assets -€91,440
down €91,440 (-7.1%), from €1.3m to €1.2m
- Profit (loss) carried forward -€49,577
down €49,577 (-20.0%), from -€247,662 to -€297,240
- Debts after one year -€38,823
down €38,823 (-4.9%), from €787,332 to €748,510
- Financial charges +€2,612
up €2,612 (+25.2%), from €10,366 to €12,978
- Gross operating margin +€705
up €705 (+1.1%), from €61,883 to €62,588
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 | €1,284,615 | €1,197,551 | -€87,064 | -6.8% |
| Fixed assets | 21/28 | €1,282,236 | €1,190,796 | -€91,440 | -7.1% |
| Tangible fixed assets | 22/27 | €1,282,236 | €1,190,796 | -€91,440 | -7.1% |
| Land and buildings | 22 | €1,282,236 | €1,190,796 | -€91,440 | -7.1% |
| Current assets | 29/58 | €2,379 | €6,755 | +€4,376 | +184% |
| Cash at bank and in hand | 54/58 | €2,328 | €6,689 | +€4,360 | +187% |
| Deferred charges and accrued income | 490/1 | €51 | €67 | +€16 | +31.4% |
| Total equity and liabilities | 10/49 | €1,284,615 | €1,197,551 | -€87,064 | -6.8% |
| Equity | 10/15 | -€172,662 | -€222,240 | -€49,577 | -28.7% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Contributions outside capital | 11 | €75,000 | €75,000 | = | 0.0% |
| Other | 1109/19 | €75,000 | €75,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€247,662 | -€297,240 | -€49,577 | -20.0% |
| Amounts payable | 17/49 | €1,457,278 | €1,419,791 | -€37,487 | -2.6% |
| Amounts payable after more than one year | 17 | €787,332 | €748,510 | -€38,823 | -4.9% |
| Financial debts | 170/4 | €787,332 | €748,510 | -€38,823 | -4.9% |
| Amounts payable within one year | 42/48 | €666,645 | €669,781 | +€3,136 | +0.5% |
| Current portion of amounts payable after more than one year | 42 | €38,482 | €38,823 | +€340 | +0.9% |
| Trade debts | 44 | €3,907 | €3,362 | -€544 | -13.9% |
| Suppliers | 440/4 | €3,907 | €3,362 | -€544 | -13.9% |
| Other amounts payable | 47/48 | €624,256 | €627,596 | +€3,340 | +0.5% |
| Accrued charges and deferred income | 492/3 | €3,300 | €1,500 | -€1,800 | -54.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,440 | €91,440 | +€0 | 0.0% |
| Other operating charges | 640/8 | €7,782 | €7,747 | -€34 | -0.4% |
| Gross operating margin | 9900 | €61,883 | €62,588 | +€705 | +1.1% |
| Operating profit (loss) | 9901 | -€37,339 | -€36,599 | +€739 | +2.0% |
| Financial charges | 65/66B | €10,366 | €12,978 | +€2,612 | +25.2% |
| Recurring financial charges | 65 | €10,366 | €12,978 | +€2,612 | +25.2% |
| Profit (loss) for the period before taxes | 9903 | -€47,705 | -€49,577 | -€1,873 | -3.9% |
| Profit (loss) for the period | 9904 | -€47,705 | -€49,577 | -€1,873 | -3.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€47,705 | -€49,577 | -€1,873 | -3.9% |
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 21 October 2026 via checked.be.