Anderson: 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.
Anderson
Largest movements
- Receivables within one year +€81,834
up €81,834 (+72.0%), from €113,636 to €195,470
of which Other amounts receivable: +€91,879
- Cash +€13,925
up €13,925 (+652%), from €2,137 to €16,062
mainly Net result for the year (+€71,978) and Tax, wage and social debts (+€33,147)
- Intangible fixed assets -€4,700
down €4,700 (-26.0%), from €18,062 to €13,362
- Deferred charges and accrued income +€3,500
up €3,500 (+118%), from €2,959 to €6,459
- Profit (loss) carried forward +€74,847
up €74,847 (+76.9%), from -€97,344 to -€22,497
- Tax, wage and social debts +€33,147
up €33,147 (+87.8%), from €37,759 to €70,906
of which Taxes: +€26,126
- Trade debts -€20,103
down €20,103 (-19.2%), from €104,694 to €84,591
- Debts after one year +€10,000
up €10,000 (+16.7%), from €60,000 to €70,000
- Short-term financial debts -€5,047
no longer reported in 2025 (was €5,047)
- Gross operating margin +€55,640
up €55,640 (+15.0%), from €371,806 to €427,447
- Staff costs -€44,221
down €44,221 (-12.9%), from €342,550 to €298,330
- Taxes +€34,807
up €34,807, from -€446 to €34,361
- Other operating charges -€6,923
down €6,923 (-75.9%), from €9,118 to €2,195
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 | €144,490 | €237,367 | +€92,877 | +64.3% |
| Formation expenses | 20 | €487 | €231 | -€256 | -52.6% |
| Fixed assets | 21/28 | €25,272 | €19,145 | -€6,126 | -24.2% |
| Intangible fixed assets | 21 | €18,062 | €13,362 | -€4,700 | -26.0% |
| Tangible fixed assets | 22/27 | €6,680 | €5,254 | -€1,426 | -21.4% |
| Plant, machinery and equipment | 23 | €209 | €0 | -€209 | -100% |
| Furniture and vehicles | 24 | €5,593 | €4,728 | -€865 | -15.5% |
| Other tangible fixed assets | 26 | €879 | €526 | -€352 | -40.1% |
| Financial fixed assets | 28 | €530 | €530 | = | 0.0% |
| Current assets | 29/58 | €118,731 | €217,991 | +€99,259 | +83.6% |
| Amounts receivable within one year | 40/41 | €113,636 | €195,470 | +€81,834 | +72.0% |
| Trade receivables | 40 | €75,533 | €65,488 | -€10,045 | -13.3% |
| Other amounts receivable | 41 | €38,102 | €129,982 | +€91,879 | +241% |
| Cash at bank and in hand | 54/58 | €2,137 | €16,062 | +€13,925 | +652% |
| Deferred charges and accrued income | 490/1 | €2,959 | €6,459 | +€3,500 | +118% |
| Total equity and liabilities | 10/49 | €144,490 | €237,367 | +€92,877 | +64.3% |
| Equity | 10/15 | -€68,112 | €6,735 | +€74,847 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €10,632 | €10,632 | = | 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% |
| Distributable reserves | 133 | €8,772 | €8,772 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€97,344 | -€22,497 | +€74,847 | +76.9% |
| Amounts payable | 17/49 | €212,602 | €230,632 | +€18,030 | +8.5% |
| Amounts payable after more than one year | 17 | €60,000 | €70,000 | +€10,000 | +16.7% |
| Financial debts | 170/4 | €60,000 | €70,000 | +€10,000 | +16.7% |
| Amounts payable within one year | 42/48 | €152,602 | €160,632 | +€8,030 | +5.3% |
| Current portion of amounts payable after more than one year | 42 | €5,102 | €5,135 | +€32 | +0.6% |
| Financial debts | 43 | €5,047 | - | -€5,047 | |
| Credit institutions | 430/8 | €5,047 | - | -€5,047 | |
| Trade debts | 44 | €104,694 | €84,591 | -€20,103 | -19.2% |
| Suppliers | 440/4 | €104,694 | €84,591 | -€20,103 | -19.2% |
| Taxes, remuneration and social security | 45 | €37,759 | €70,906 | +€33,147 | +87.8% |
| Taxes | 450/3 | €33,501 | €59,627 | +€26,126 | +78.0% |
| Remuneration and social security | 454/9 | €4,258 | €11,279 | +€7,021 | +165% |
| Remuneration, social security and pensions | 62 | €342,550 | €298,330 | -€44,221 | -12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,008 | €8,844 | -€164 | -1.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €645 | €0 | -€645 | -100% |
| Other operating charges | 640/8 | €9,118 | €2,195 | -€6,923 | -75.9% |
| Non-recurring operating charges | 66A | €2,836 | €2,589 | -€247 | -8.7% |
| Gross operating margin | 9900 | €371,806 | €427,447 | +€55,640 | +15.0% |
| Operating profit (loss) | 9901 | €7,650 | €115,489 | +€107,839 | +1,410% |
| Financial income | 75/76B | €839 | €1,135 | +€296 | +35.2% |
| Recurring financial income | 75 | €839 | €1,135 | +€296 | +35.2% |
| Financial charges | 65/66B | €10,072 | €10,286 | +€214 | +2.1% |
| Recurring financial charges | 65 | €10,072 | €10,286 | +€214 | +2.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,583 | €106,339 | +€107,921 | |
| Income taxes | 67/77 | -€446 | €34,361 | +€34,807 | |
| Profit (loss) for the period | 9904 | -€1,136 | €71,978 | +€73,114 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,136 | €71,978 | +€73,114 |
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 28 October 2026 via checked.be.