ANELCA: 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
ANELCA
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€111,883
2024 · €110,755+€1,128
Equity
€6.2m
2024 · €6.1m+€111,883
Cash
€174,151
2024 · €202,709-€28,558
Balance sheet total
€10.6m
2024 · €10.9m-€222,433
Largest movements
Assets
- Tangible fixed assets -€197,465
down €197,465 (-1.9%), from €10.7m to €10.5m
of which Land and buildings: -€164,347
Equity and liabilities
- Short-term financial debts -€199,989
down €199,989 (-97.5%), from €205,063 to €5,075
- Reserves +€111,883
up €111,883 (+3.3%), from €3.4m to €3.5m
Income statement
- Gross operating margin -€20,253
down €20,253 (-3.7%), from €551,298 to €531,045
- Financial charges -€13,046
down €13,046 (-11.8%), from €110,952 to €97,907
- Depreciation -€10,432
down €10,432 (-4.8%), from €218,730 to €208,297
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
€110,755
Gross operating margin
-€20,253
Depreciation
+€10,432
Other operating charges
-€2,493
Financial income
+€230
Financial charges
+€13,046
Taxes
+€165
Result 2025
€111,883
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.
From operations
+€248,642
Investment
-€10,833
Financing
-€266,367
Cash 2024
€202,709
From operations (derived)
+€248,642
Net result for the year
+€111,883
Depreciation
+€208,297
Smaller working-capital items
+€53
Deferred charges and accrued income
-€3,789
Trade debts
+€6,863
Other debts
-€62,066
Accrued charges and deferred income
-€12,599
Investment (derived)
-€10,833
Investment in fixed assets (net)
-€10,833
Financing
-€266,367
Debts after one year
-€32,459
Current portion of long-term debt
-€33,919
Short-term financial debts
-€199,989
Cash 2025
€174,151
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,859,567 | €10,637,134 | -€222,433 | -2.0% |
| Fixed assets | 21/28 | €10,653,706 | €10,456,241 | -€197,465 | -1.9% |
| Tangible fixed assets | 22/27 | €10,653,706 | €10,456,241 | -€197,465 | -1.9% |
| Land and buildings | 22 | €10,315,866 | €10,151,520 | -€164,347 | -1.6% |
| Plant, machinery and equipment | 23 | €268,249 | €252,333 | -€15,916 | -5.9% |
| Furniture and vehicles | 24 | €69,591 | €52,389 | -€17,202 | -24.7% |
| Current assets | 29/58 | €205,861 | €180,892 | -€24,968 | -12.1% |
| Amounts receivable within one year | 40/41 | €200 | €0 | -€200 | -100.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €200 | €0 | -€200 | -100.0% |
| Cash at bank and in hand | 54/58 | €202,709 | €174,151 | -€28,558 | -14.1% |
| Deferred charges and accrued income | 490/1 | €2,952 | €6,742 | +€3,789 | +128.4% |
| Total equity and liabilities | 10/49 | €10,859,567 | €10,637,134 | -€222,433 | -2.0% |
| Equity | 10/15 | €6,054,444 | €6,166,327 | +€111,883 | +1.8% |
| Contributions | 10/11 | €2,692,000 | €2,692,000 | = | 0.0% |
| Reserves | 13 | €3,362,444 | €3,474,327 | +€111,883 | +3.3% |
| Distributable reserves | 133 | €3,362,444 | €3,474,327 | +€111,883 | +3.3% |
| Amounts payable | 17/49 | €4,805,123 | €4,470,807 | -€334,316 | -7.0% |
| Amounts payable after more than one year | 17 | €4,077,234 | €4,044,774 | -€32,459 | -0.8% |
| Financial debts | 170/4 | €2,976,234 | €2,943,774 | -€32,459 | -1.1% |
| Other amounts payable | 178/9 | €1,101,000 | €1,101,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €631,290 | €342,033 | -€289,258 | -45.8% |
| Current portion of amounts payable after more than one year | 42 | €66,379 | €32,459 | -€33,919 | -51.1% |
| Financial debts | 43 | €205,063 | €5,075 | -€199,989 | -97.5% |
| Credit institutions | 430/8 | €205,063 | €5,075 | -€199,989 | -97.5% |
| Trade debts | 44 | €8,173 | €15,037 | +€6,863 | +84.0% |
| Suppliers | 440/4 | €8,173 | €15,037 | +€6,863 | +84.0% |
| Taxes, remuneration and social security | 45 | €13,080 | €12,933 | -€147 | -1.1% |
| Taxes | 450/3 | €10,100 | €9,935 | -€165 | -1.6% |
| Remuneration and social security | 454/9 | €2,981 | €2,999 | +€18 | +0.6% |
| Other amounts payable | 47/48 | €338,595 | €276,529 | -€62,066 | -18.3% |
| Accrued charges and deferred income | 492/3 | €96,599 | €84,000 | -€12,599 | -13.0% |
| Non-recurring operating income | 76A | €17,800 | €0 | -€17,800 | -100.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €218,730 | €208,297 | -€10,432 | -4.8% |
| Other operating charges | 640/8 | €41,200 | €43,693 | +€2,493 | +6.0% |
| Gross operating margin | 9900 | €551,298 | €531,045 | -€20,253 | -3.7% |
| Operating profit (loss) | 9901 | €291,369 | €279,056 | -€12,313 | -4.2% |
| Financial income | 75/76B | €438 | €668 | +€230 | +52.5% |
| Recurring financial income | 75 | €438 | €668 | +€230 | +52.5% |
| Financial charges | 65/66B | €110,952 | €97,907 | -€13,046 | -11.8% |
| Recurring financial charges | 65 | €110,952 | €97,907 | -€13,046 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | €180,854 | €181,817 | +€963 | +0.5% |
| Income taxes | 67/77 | €70,100 | €69,935 | -€165 | -0.2% |
| Profit (loss) for the period | 9904 | €110,755 | €111,883 | +€1,128 | +1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €110,755 | €111,883 | +€1,128 | +1.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.