ANDERLECHT ASSOCIATES: 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.
ANDERLECHT ASSOCIATES
Largest movements
- Cash -€19,085
down €19,085 (-84.7%), from €22,538 to €3,453
mainly Investment in fixed assets (net) (-€31,224) and Debts after one year (-€29,437)
- Tangible fixed assets +€14,004
up €14,004 (+5.0%), from €279,541 to €293,545
of which Land and buildings: +€9,244
- Debts after one year -€29,437
down €29,437 (-39.7%), from €74,172 to €44,735
- Other debts +€23,500
up €23,500 (+141.1%), from €16,652 to €40,152
- Profit (loss) carried forward +€10,656
up €10,656 (+8.7%), from €122,519 to €133,175
- Current portion of long-term debt -€5,143
down €5,143 (-12.9%), from €39,722 to €34,579
- Tax, wage and social debts -€4,545
down €4,545 (-52.5%), from €8,663 to €4,118
- Gross operating margin -€17,623
down €17,623 (-30.6%), from €57,627 to €40,004
- Taxes -€4,690
down €4,690 (-49.5%), from €9,467 to €4,777
- Depreciation +€3,121
up €3,121 (+22.1%), from €14,099 to €17,220
- Financial charges -€1,393
down €1,393 (-96.1%), from €1,449 to €56
- Other operating charges +€849
up €849 (+13.1%), from €6,458 to €7,307
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 | €304,231 | €299,359 | -€4,872 | -1.6% |
| Fixed assets | 21/28 | €279,541 | €293,545 | +€14,004 | +5.0% |
| Tangible fixed assets | 22/27 | €279,541 | €293,545 | +€14,004 | +5.0% |
| Land and buildings | 22 | €279,541 | €288,785 | +€9,244 | +3.3% |
| Furniture and vehicles | 24 | - | €4,760 | +€4,760 | |
| Current assets | 29/58 | €24,690 | €5,814 | -€18,876 | -76.5% |
| Cash at bank and in hand | 54/58 | €22,538 | €3,453 | -€19,085 | -84.7% |
| Deferred charges and accrued income | 490/1 | €2,152 | €2,361 | +€209 | +9.7% |
| Total equity and liabilities | 10/49 | €304,231 | €299,359 | -€4,872 | -1.6% |
| Equity | 10/15 | €155,579 | €166,235 | +€10,656 | +6.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €26,860 | €26,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €122,519 | €133,175 | +€10,656 | +8.7% |
| Amounts payable | 17/49 | €148,652 | €133,124 | -€15,528 | -10.4% |
| Amounts payable after more than one year | 17 | €74,172 | €44,735 | -€29,437 | -39.7% |
| Financial debts | 170/4 | €74,172 | €44,735 | -€29,437 | -39.7% |
| Amounts payable within one year | 42/48 | €65,037 | €78,849 | +€13,812 | +21.2% |
| Current portion of amounts payable after more than one year | 42 | €39,722 | €34,579 | -€5,143 | -12.9% |
| Taxes, remuneration and social security | 45 | €8,663 | €4,118 | -€4,545 | -52.5% |
| Taxes | 450/3 | €8,663 | €4,118 | -€4,545 | -52.5% |
| Other amounts payable | 47/48 | €16,652 | €40,152 | +€23,500 | +141.1% |
| Accrued charges and deferred income | 492/3 | €9,443 | €9,540 | +€97 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,099 | €17,220 | +€3,121 | +22.1% |
| Other operating charges | 640/8 | €6,458 | €7,307 | +€849 | +13.1% |
| Gross operating margin | 9900 | €57,627 | €40,004 | -€17,623 | -30.6% |
| Operating profit (loss) | 9901 | €37,070 | €15,477 | -€21,593 | -58.2% |
| Financial income | 75/76B | €1 | €11 | +€10 | +1000.0% |
| Recurring financial income | 75 | €1 | €11 | +€10 | +1000.0% |
| Financial charges | 65/66B | €1,449 | €56 | -€1,393 | -96.1% |
| Recurring financial charges | 65 | €1,449 | €56 | -€1,393 | -96.1% |
| Profit (loss) for the period before taxes | 9903 | €35,622 | €15,432 | -€20,190 | -56.7% |
| Income taxes | 67/77 | €9,467 | €4,777 | -€4,690 | -49.5% |
| Profit (loss) for the period | 9904 | €26,155 | €10,655 | -€15,500 | -59.3% |
| Profit (loss) for the period to be appropriated | 9905 | €26,155 | €10,655 | -€15,500 | -59.3% |
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 11 October 2026 via checked.be.