Anders! Invest: 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.
What changed
Anders! Invest
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1,551
2024 · -€1,207+€2,758
Equity
€180,578
2024 · €179,027+€1,551
Cash
€874
2024 · €107+€767
Balance sheet total
€1.0m
2024 · €1.1m-€113,020
Largest movements
Assets
- Tangible fixed assets -€113,536
down €113,536 (-10.2%), from €1.1m to €1.0m
of which Leasing and similar rights: -€111,178
Equity and liabilities
- Debts after one year -€152,354
down €152,354 (-22.5%), from €677,751 to €525,397
- Trade debts +€31,318
up €31,318 (+79.2%), from €39,521 to €70,839
Income statement
- Financial charges -€4,369
down €4,369 (-12.8%), from €34,115 to €29,745
- Other operating charges +€1,824
up €1,824 (+15.3%), from €11,903 to €13,727
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.
Result 2024
-€1,207
Gross operating margin
-€389
Write-downs
+€1,200
Other operating charges
-€1,824
Financial income
-€599
Financial charges
+€4,369
Result 2025
€1,551
raises the resultlowers the result
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.
From operations
+€146,537
Investment
€0
Financing
-€145,770
Cash 2024
€107
From operations (derived)
+€146,537
Net result for the year
+€1,551
Depreciation
+€113,536
Smaller working-capital items
+€132
Trade debts
+€31,318
Financing
-€145,770
Debts after one year
-€152,354
Current portion of long-term debt
+€6,585
Cash 2025
€874
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,118,864 | €1,005,844 | -€113,020 | -10.1% |
| Fixed assets | 21/28 | €1,118,506 | €1,004,970 | -€113,536 | -10.2% |
| Tangible fixed assets | 22/27 | €1,118,506 | €1,004,970 | -€113,536 | -10.2% |
| Land and buildings | 22 | €3,565 | €1,782 | -€1,782 | -50.0% |
| Plant, machinery and equipment | 23 | €4,105 | €3,529 | -€575 | -14.0% |
| Leasing and similar rights | 25 | €333,492 | €222,314 | -€111,178 | -33.3% |
| Other tangible fixed assets | 26 | €777,344 | €777,344 | = | 0.0% |
| Current assets | 29/58 | €359 | €874 | +€515 | +144% |
| Amounts receivable within one year | 40/41 | €252 | €0 | -€252 | -100% |
| Trade receivables | 40 | €252 | €0 | -€252 | -100% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €107 | €874 | +€767 | +718% |
| Total equity and liabilities | 10/49 | €1,118,864 | €1,005,844 | -€113,020 | -10.1% |
| Equity | 10/15 | €179,027 | €180,578 | +€1,551 | +0.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €512,000 | €512,000 | = | 0.0% |
| Reserves | 13 | €4,110 | €4,110 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,250 | €2,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€355,683 | -€354,132 | +€1,551 | +0.4% |
| Amounts payable | 17/49 | €939,837 | €825,266 | -€114,571 | -12.2% |
| Amounts payable after more than one year | 17 | €677,751 | €525,397 | -€152,354 | -22.5% |
| Financial debts | 170/4 | €677,751 | €525,397 | -€152,354 | -22.5% |
| Amounts payable within one year | 42/48 | €261,524 | €299,344 | +€37,819 | +14.5% |
| Current portion of amounts payable after more than one year | 42 | €145,770 | €152,354 | +€6,585 | +4.5% |
| Trade debts | 44 | €39,521 | €70,839 | +€31,318 | +79.2% |
| Suppliers | 440/4 | €39,521 | €70,839 | +€31,318 | +79.2% |
| Taxes, remuneration and social security | 45 | €3,234 | €3,151 | -€83 | -2.6% |
| Taxes | 450/3 | €3,234 | €3,151 | -€83 | -2.6% |
| Other amounts payable | 47/48 | €73,000 | €73,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €561 | €525 | -€36 | -6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €113,536 | €113,536 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€1,200 | -€1,200 | |
| Other operating charges | 640/8 | €11,903 | €13,727 | +€1,824 | +15.3% |
| Gross operating margin | 9900 | €157,748 | €157,359 | -€389 | -0.2% |
| Operating profit (loss) | 9901 | €32,309 | €31,296 | -€1,013 | -3.1% |
| Financial income | 75/76B | €599 | €0 | -€599 | -100% |
| Recurring financial income | 75 | €599 | €0 | -€599 | -100% |
| Financial charges | 65/66B | €34,115 | €29,745 | -€4,369 | -12.8% |
| Recurring financial charges | 65 | €34,115 | €29,745 | -€4,369 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,207 | €1,551 | +€2,758 | |
| Profit (loss) for the period | 9904 | -€1,207 | €1,551 | +€2,758 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,207 | €1,551 | +€2,758 |
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 23 October 2026 via checked.be.