ANEDRO SERVICE: what changed
Two fiscal 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.
ANEDRO SERVICE
Largest movements
- Tangible fixed assets -€19,111
down €19,111 (-10.0%), from €190,459 to €171,348
- Cash -€14,619
down €14,619 (-13.4%), from €109,395 to €94,776
mainly Debts after one year (-€33,095) and Contributions, distributions and other (-€27,998)
- Receivables within one year +€10,441
up €10,441 (+31.4%), from €33,253 to €43,694
of which Trade receivables: +€11,699
- Stocks and contracts -€5,617
down €5,617 (-12.0%), from €46,761 to €41,143
- Deferred charges and accrued income -€4,281
down €4,281 (-97.4%), from €4,395 to €113
- Debts after one year -€33,095
down €33,095 (-28.0%), from €118,173 to €85,078
- Other debts +€14,638
up €14,638 (+109.6%), from €13,360 to €27,998
- Reserves -€7,861
down €7,861 (-4.9%), from €159,901 to €152,040
of which Distributable reserves: -€7,861
- Gross operating margin -€17,131
down €17,131 (-13.2%), from €129,715 to €112,583
- Taxes -€6,082
down €6,082 (-39.3%), from €15,476 to €9,394
- Staff costs +€4,200
up €4,200 (+8.9%), from €47,096 to €51,295
- Depreciation +€3,140
up €3,140 (+16.6%), from €18,957 to €22,096
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 | €384,263 | €351,074 | -€33,188 | -8.6% |
| Fixed assets | 21/28 | €190,459 | €171,348 | -€19,111 | -10.0% |
| Tangible fixed assets | 22/27 | €190,459 | €171,348 | -€19,111 | -10.0% |
| Land and buildings | 22 | €124,723 | €118,604 | -€6,119 | -4.9% |
| Plant, machinery and equipment | 23 | €19,098 | €13,925 | -€5,173 | -27.1% |
| Furniture and vehicles | 24 | €46,639 | €38,819 | -€7,820 | -16.8% |
| Current assets | 29/58 | €193,803 | €179,726 | -€14,077 | -7.3% |
| Stocks and contracts in progress | 3 | €46,761 | €41,143 | -€5,617 | -12.0% |
| Stocks | 30/36 | €46,761 | €41,143 | -€5,617 | -12.0% |
| Amounts receivable within one year | 40/41 | €33,253 | €43,694 | +€10,441 | +31.4% |
| Trade receivables | 40 | €30,947 | €42,646 | +€11,699 | +37.8% |
| Other amounts receivable | 41 | €2,306 | €1,048 | -€1,258 | -54.6% |
| Cash at bank and in hand | 54/58 | €109,395 | €94,776 | -€14,619 | -13.4% |
| Deferred charges and accrued income | 490/1 | €4,395 | €113 | -€4,281 | -97.4% |
| Total equity and liabilities | 10/49 | €384,263 | €351,074 | -€33,188 | -8.6% |
| Equity | 10/15 | €179,425 | €171,564 | -€7,861 | -4.4% |
| Contributions | 10/11 | €19,524 | €19,524 | = | 0.0% |
| Reserves | 13 | €159,901 | €152,040 | -€7,861 | -4.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €159,901 | €152,040 | -€7,861 | -4.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €204,837 | €179,511 | -€25,327 | -12.4% |
| Amounts payable after more than one year | 17 | €118,173 | €85,078 | -€33,095 | -28.0% |
| Financial debts | 170/4 | €118,173 | €85,078 | -€33,095 | -28.0% |
| Amounts payable within one year | 42/48 | €86,664 | €94,433 | +€7,768 | +9.0% |
| Current portion of amounts payable after more than one year | 42 | €36,125 | €33,095 | -€3,030 | -8.4% |
| Financial debts | 43 | - | €3,047 | +€3,047 | |
| Credit institutions | 430/8 | - | €3,047 | +€3,047 | |
| Trade debts | 44 | €9,590 | €6,496 | -€3,093 | -32.3% |
| Suppliers | 440/4 | €9,590 | €6,496 | -€3,093 | -32.3% |
| Taxes, remuneration and social security | 45 | €27,590 | €23,796 | -€3,794 | -13.8% |
| Taxes | 450/3 | €21,374 | €17,358 | -€4,017 | -18.8% |
| Remuneration and social security | 454/9 | €6,216 | €6,439 | +€223 | +3.6% |
| Other amounts payable | 47/48 | €13,360 | €27,998 | +€14,638 | +109.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €8,678 | €0 | -€8,678 | -100.0% |
| Remuneration, social security and pensions | 62 | €47,096 | €51,295 | +€4,200 | +8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,957 | €22,096 | +€3,140 | +16.6% |
| Other operating charges | 640/8 | €2,999 | €2,478 | -€521 | -17.4% |
| Gross operating margin | 9900 | €129,715 | €112,583 | -€17,131 | -13.2% |
| Operating profit (loss) | 9901 | €60,663 | €36,713 | -€23,949 | -39.5% |
| Financial income | 75/76B | €1,774 | €1,472 | -€302 | -17.0% |
| Recurring financial income | 75 | €1,774 | €1,472 | -€302 | -17.0% |
| Financial charges | 65/66B | €8,552 | €8,655 | +€103 | +1.2% |
| Recurring financial charges | 65 | €8,552 | €8,655 | +€103 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | €53,885 | €29,531 | -€24,354 | -45.2% |
| Income taxes | 67/77 | €15,476 | €9,394 | -€6,082 | -39.3% |
| Profit (loss) for the period | 9904 | €38,409 | €20,137 | -€18,272 | -47.6% |
| Profit (loss) for the period to be appropriated | 9905 | €38,409 | €20,137 | -€18,272 | -47.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.