ANEESH: 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.
ANEESH
Largest movements
- Receivables within one year +€1.0m
up €1.0m (+40.9%), from €2.5m to €3.5m
of which Trade receivables: +€1.0m
- Stocks and contracts -€526,197
down €526,197 (-77.2%), from €681,516 to €155,319
- Cash +€284,066
up €284,066 (+64.9%), from €437,737 to €721,803
mainly Trade debts (+€1.3m) and Stocks and contracts (+€526,197)
- Trade debts +€1.3m
up €1.3m (+231.9%), from €539,882 to €1.8m
- Reserves -€341,553
down €341,553 (-25.5%), from €1.3m to €999,177
- Other debts -€102,415
down €102,415 (-11.6%), from €884,351 to €781,937
- Accrued charges and deferred income -€50,683
down €50,683 (-99.7%), from €50,852 to €169
- Gross operating margin +€144,293
up €144,293 (+40.5%), from -€356,641 to -€212,348
- Write-downs +€88,338
up €88,338, from -€1,868 to €86,470
- Financial income -€15,208
down €15,208 (-48.0%), from €31,698 to €16,490
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 | €3,634,093 | €4,392,478 | +€758,385 | +20.9% |
| Fixed assets | 21/28 | €62,193 | €58,985 | -€3,208 | -5.2% |
| Tangible fixed assets | 22/27 | €62,193 | €58,985 | -€3,208 | -5.2% |
| Land and buildings | 22 | €62,193 | €58,985 | -€3,208 | -5.2% |
| Current assets | 29/58 | €3,571,900 | €4,333,493 | +€761,593 | +21.3% |
| Stocks and contracts in progress | 3 | €681,516 | €155,319 | -€526,197 | -77.2% |
| Stocks | 30/36 | €681,516 | €155,319 | -€526,197 | -77.2% |
| Amounts receivable within one year | 40/41 | €2,452,647 | €3,456,088 | +€1.0m | +40.9% |
| Trade receivables | 40 | €2,451,252 | €3,454,871 | +€1.0m | +40.9% |
| Other amounts receivable | 41 | €1,395 | €1,216 | -€179 | -12.8% |
| Cash at bank and in hand | 54/58 | €437,737 | €721,803 | +€284,066 | +64.9% |
| Deferred charges and accrued income | 490/1 | - | €283 | +€283 | |
| Total equity and liabilities | 10/49 | €3,634,093 | €4,392,478 | +€758,385 | +20.9% |
| Equity | 10/15 | €2,117,487 | €1,775,935 | -€341,553 | -16.1% |
| Contributions | 10/11 | €776,758 | €776,758 | = | 0.0% |
| Reserves | 13 | €1,340,730 | €999,177 | -€341,553 | -25.5% |
| Distributable reserves | 133 | €1,340,730 | €999,177 | -€341,553 | -25.5% |
| Amounts payable | 17/49 | €1,516,606 | €2,616,544 | +€1.1m | +72.5% |
| Amounts payable within one year | 42/48 | €1,465,754 | €2,616,374 | +€1.2m | +78.5% |
| Financial debts | 43 | €289 | - | -€289 | |
| Credit institutions | 430/8 | €289 | - | -€289 | |
| Trade debts | 44 | €539,882 | €1,791,959 | +€1.3m | +231.9% |
| Suppliers | 440/4 | €539,882 | €1,791,959 | +€1.3m | +231.9% |
| Taxes, remuneration and social security | 45 | €41,231 | €42,479 | +€1,248 | +3.0% |
| Taxes | 450/3 | €41,231 | €42,479 | +€1,248 | +3.0% |
| Other amounts payable | 47/48 | €884,351 | €781,937 | -€102,415 | -11.6% |
| Accrued charges and deferred income | 492/3 | €50,852 | €169 | -€50,683 | -99.7% |
| Non-recurring operating income | 76A | €5,041 | €23,154 | +€18,113 | +359.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,208 | €3,208 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,868 | €86,470 | +€88,338 | |
| Other operating charges | 640/8 | €7,320 | €4,394 | -€2,926 | -40.0% |
| Non-recurring operating charges | 66A | - | €23,133 | +€23,133 | |
| Gross operating margin | 9900 | -€356,641 | -€212,348 | +€144,293 | +40.5% |
| Operating profit (loss) | 9901 | -€365,300 | -€329,551 | +€35,749 | +9.8% |
| Financial income | 75/76B | €31,698 | €16,490 | -€15,208 | -48.0% |
| Recurring financial income | 75 | €31,698 | €16,490 | -€15,208 | -48.0% |
| Financial charges | 65/66B | €9,794 | €7,910 | -€1,883 | -19.2% |
| Recurring financial charges | 65 | €9,794 | €7,910 | -€1,883 | -19.2% |
| Profit (loss) for the period before taxes | 9903 | -€343,395 | -€320,971 | +€22,424 | +6.5% |
| Income taxes | 67/77 | €21,556 | €20,582 | -€975 | -4.5% |
| Profit (loss) for the period | 9904 | -€364,952 | -€341,553 | +€23,399 | +6.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€364,952 | -€341,553 | +€23,399 | +6.4% |
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 9 October 2026 via checked.be.