ANEAL: 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
ANEAL
NACE 68.310, Real estate agency activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€697,090
2024 · €540,640+€156,450
Equity
€8.8m
2024 · €8.1m+€659,590
Cash
€720,594
2024 · €451,538+€269,056
Balance sheet total
€27.0m
2024 · €26.0m+€1.0m
Largest movements
Assets
- Tangible fixed assets +€1.2m
up €1.2m (+5.3%), from €22.1m to €23.2m
of which Land and buildings: +€1.1m
- Receivables within one year -€399,154
down €399,154 (-26.1%), from €1.5m to €1.1m
of which Other amounts receivable: -€387,597
Equity and liabilities
- Reserves +€659,590
up €659,590 (+11.3%), from €5.9m to €6.5m
of which Distributable reserves: +€693,238
- Trade debts +€599,233
up €599,233 (+2,601%), from €23,041 to €622,274
- Debts after one year -€567,753
down €567,753 (-7.4%), from €7.7m to €7.1m
- Other debts +€334,601
up €334,601 (+6.3%), from €5.3m to €5.6m
Income statement
- Gross operating margin +€303,751
up €303,751 (+10.1%), from €3.0m to €3.3m
- Taxes +€92,081
up €92,081 (+44.9%), from €205,000 to €297,081
- Financial charges +€62,963
up €62,963 (+7.3%), from €860,380 to €923,343
- Staff costs -€57,475
down €57,475 (-17.8%), from €323,779 to €266,304
- Other operating charges +€36,886
up €36,886 (+17.2%), from €214,849 to €251,734
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
€540,640
Gross operating margin
+€303,751
Staff costs
+€57,475
Depreciation
-€13,671
Write-downs
+€5,152
Other operating charges
-€36,886
Financial income
-€4,288
Financial charges
-€62,963
Taxes
-€92,081
Deferred taxes and other
-€40
Result 2025
€697,090
raises the resultlowers the resultnot broken down further in the accounts
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
+€3.0m
Investment
-€2.1m
Financing
-€643,965
Cash 2024
€451,538
From operations (derived)
+€3.0m
Net result for the year
+€697,090
Depreciation
+€927,128
Receivables within one year
+€399,154
Smaller working-capital items
-€1,793
Provisions
-€49,793
Trade debts
+€599,233
Other debts
+€334,601
Accrued charges and deferred income
+€107,658
Investment (derived)
-€2.1m
Investment in fixed assets (net)
-€2.1m
Financing
-€643,965
Debts after one year
-€567,753
Current portion of long-term debt
+€229,042
Short-term financial debts
-€267,755
Contributions, distributions and other
-€37,500
Cash 2025
€720,594
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €25,994,122 | €27,039,097 | +€1.0m | +4.0% |
| Fixed assets | 21/28 | €23,952,247 | €25,125,377 | +€1.2m | +4.9% |
| Tangible fixed assets | 22/27 | €22,057,867 | €23,230,997 | +€1.2m | +5.3% |
| Land and buildings | 22 | €22,057,556 | €23,156,432 | +€1.1m | +5.0% |
| Furniture and vehicles | 24 | €311 | €45,266 | +€44,954 | +14,445% |
| Assets under construction and advance payments | 27 | - | €29,300 | +€29,300 | |
| Financial fixed assets | 28 | €1,894,380 | €1,894,380 | = | 0.0% |
| Current assets | 29/58 | €2,041,875 | €1,913,719 | -€128,156 | -6.3% |
| Amounts receivable within one year | 40/41 | €1,527,898 | €1,128,743 | -€399,154 | -26.1% |
| Trade receivables | 40 | €31,299 | €19,742 | -€11,557 | -36.9% |
| Other amounts receivable | 41 | €1,496,598 | €1,109,001 | -€387,597 | -25.9% |
| Cash at bank and in hand | 54/58 | €451,538 | €720,594 | +€269,056 | +59.6% |
| Deferred charges and accrued income | 490/1 | €62,439 | €64,382 | +€1,943 | +3.1% |
| Total equity and liabilities | 10/49 | €25,994,122 | €27,039,097 | +€1.0m | +4.0% |
| Equity | 10/15 | €8,098,735 | €8,758,325 | +€659,590 | +8.1% |
| Contributions | 10/11 | €2,240,000 | €2,240,000 | = | 0.0% |
| Capital | 10 | €2,240,000 | €2,240,000 | = | 0.0% |
| Issued capital | 100 | €2,240,000 | €2,240,000 | = | 0.0% |
| Reserves | 13 | €5,858,735 | €6,518,325 | +€659,590 | +11.3% |
| Non-distributable reserves | 130/1 | €224,000 | €224,000 | = | 0.0% |
| Legal reserve | 130 | €224,000 | €224,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €471,117 | €437,469 | -€33,648 | -7.1% |
| Distributable reserves | 133 | €5,163,618 | €5,856,856 | +€693,238 | +13.4% |
| Provisions and deferred taxes | 16 | €3,819,888 | €3,770,095 | -€49,793 | -1.3% |
| Provisions for liabilities and charges | 160/5 | €3,685,490 | €3,646,913 | -€38,577 | -1.0% |
| Other liabilities and charges | 164/5 | €3,685,490 | €3,646,913 | -€38,577 | -1.0% |
| Deferred taxes | 168 | €134,397 | €123,181 | -€11,216 | -8.3% |
| Amounts payable | 17/49 | €14,075,500 | €14,510,677 | +€435,177 | +3.1% |
| Amounts payable after more than one year | 17 | €7,712,212 | €7,144,460 | -€567,753 | -7.4% |
| Financial debts | 170/4 | €7,712,212 | €7,144,460 | -€567,753 | -7.4% |
| Amounts payable within one year | 42/48 | €5,981,511 | €6,876,783 | +€895,272 | +15.0% |
| Current portion of amounts payable after more than one year | 42 | €338,710 | €567,753 | +€229,042 | +67.6% |
| Financial debts | 43 | €267,755 | - | -€267,755 | |
| Credit institutions | 430/8 | €267,755 | - | -€267,755 | |
| Trade debts | 44 | €23,041 | €622,274 | +€599,233 | +2,601% |
| Suppliers | 440/4 | €23,041 | €622,274 | +€599,233 | +2,601% |
| Taxes, remuneration and social security | 45 | €55,352 | €55,502 | +€150 | +0.3% |
| Taxes | 450/3 | €2,464 | €10,591 | +€8,127 | +330% |
| Remuneration and social security | 454/9 | €52,888 | €44,911 | -€7,977 | -15.1% |
| Other amounts payable | 47/48 | €5,296,653 | €5,631,255 | +€334,601 | +6.3% |
| Accrued charges and deferred income | 492/3 | €381,776 | €489,434 | +€107,658 | +28.2% |
| Remuneration, social security and pensions | 62 | €323,779 | €266,304 | -€57,475 | -17.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €913,457 | €927,128 | +€13,671 | +1.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €11,108 | €5,956 | -€5,152 | -46.4% |
| Other operating charges | 640/8 | €214,849 | €251,734 | +€36,886 | +17.2% |
| Gross operating margin | 9900 | €3,001,377 | €3,305,128 | +€303,751 | +10.1% |
| Operating profit (loss) | 9901 | €1,538,184 | €1,854,006 | +€315,822 | +20.5% |
| Financial income | 75/76B | €56,580 | €52,292 | -€4,288 | -7.6% |
| Recurring financial income | 75 | €56,580 | €52,292 | -€4,288 | -7.6% |
| Financial charges | 65/66B | €860,380 | €923,343 | +€62,963 | +7.3% |
| Recurring financial charges | 65 | €860,380 | €923,343 | +€62,963 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | €734,384 | €982,955 | +€248,571 | +33.8% |
| Transfer from deferred taxes | 780 | €11,256 | €11,216 | -€40 | -0.4% |
| Income taxes | 67/77 | €205,000 | €297,081 | +€92,081 | +44.9% |
| Profit (loss) for the period | 9904 | €540,640 | €697,090 | +€156,450 | +28.9% |
| Transfer from tax-exempt reserves | 789 | €33,764 | €33,648 | -€116 | -0.3% |
| Profit (loss) for the period to be appropriated | 9905 | €574,404 | €730,738 | +€156,334 | +27.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.