ANELCO: 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.
ANELCO
Largest movements
- Cash +€10,983
up €10,983 (+5.4%), from €203,533 to €214,517
mainly Net result for the year (+€313,875) and Other debts (+€12,482)
- Tangible fixed assets -€8,345
down €8,345 (-19.7%), from €42,325 to €33,980
of which Furniture and vehicles: -€11,047
- Other debts +€12,482
up €12,482 (+4.0%), from €308,439 to €320,921
- Tax, wage and social debts -€10,970
down €10,970 (-38.8%), from €28,297 to €17,327
- Gross operating margin +€29,912
up €29,912 (+7.5%), from €399,862 to €429,773
- Depreciation +€10,154
up €10,154 (+1008.1%), from €1,007 to €11,161
- Taxes +€4,744
up €4,744 (+5.1%), from €93,730 to €98,474
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 | €376,292 | €378,110 | +€1,818 | +0.5% |
| Fixed assets | 21/28 | €42,325 | €33,980 | -€8,345 | -19.7% |
| Tangible fixed assets | 22/27 | €42,325 | €33,980 | -€8,345 | -19.7% |
| Plant, machinery and equipment | 23 | - | €2,703 | +€2,703 | |
| Furniture and vehicles | 24 | €42,325 | €31,278 | -€11,047 | -26.1% |
| Current assets | 29/58 | €333,967 | €344,130 | +€10,163 | +3.0% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €203,533 | €214,517 | +€10,983 | +5.4% |
| Deferred charges and accrued income | 490/1 | €130,434 | €129,613 | -€820 | -0.6% |
| Total equity and liabilities | 10/49 | €376,292 | €378,110 | +€1,818 | +0.5% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €357,692 | €359,510 | +€1,818 | +0.5% |
| Amounts payable after more than one year | 17 | €20,000 | €20,000 | = | 0.0% |
| Financial debts | 170/4 | €20,000 | €20,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €337,692 | €339,510 | +€1,818 | +0.5% |
| Trade debts | 44 | €957 | €1,263 | +€306 | +32.0% |
| Suppliers | 440/4 | €957 | €1,263 | +€306 | +32.0% |
| Taxes, remuneration and social security | 45 | €28,297 | €17,327 | -€10,970 | -38.8% |
| Taxes | 450/3 | €28,297 | €17,327 | -€10,970 | -38.8% |
| Other amounts payable | 47/48 | €308,439 | €320,921 | +€12,482 | +4.0% |
| Remuneration, social security and pensions | 62 | €6,638 | €7,221 | +€583 | +8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,007 | €11,161 | +€10,154 | +1008.1% |
| Other operating charges | 640/8 | €576 | €171 | -€405 | -70.2% |
| Gross operating margin | 9900 | €399,862 | €429,773 | +€29,912 | +7.5% |
| Operating profit (loss) | 9901 | €391,640 | €411,219 | +€19,580 | +5.0% |
| Financial income | 75/76B | €1,713 | €1,375 | -€338 | -19.7% |
| Recurring financial income | 75 | €1,713 | €1,375 | -€338 | -19.7% |
| Financial charges | 65/66B | €245 | €245 | +€0 | +0.1% |
| Recurring financial charges | 65 | €245 | €245 | +€0 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | €393,108 | €412,349 | +€19,241 | +4.9% |
| Income taxes | 67/77 | €93,730 | €98,474 | +€4,744 | +5.1% |
| Profit (loss) for the period | 9904 | €299,378 | €313,875 | +€14,497 | +4.8% |
| Profit (loss) for the period to be appropriated | 9905 | €299,378 | €313,875 | +€14,497 | +4.8% |
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 8 October 2026 via checked.be.