Anelco Projects: 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 Projects
Largest movements
- Tangible fixed assets +€56,530
up €56,530 (+121.3%), from €46,615 to €103,146
of which Furniture and vehicles: +€38,691
- Cash +€29,589
up €29,589 (+41.2%), from €71,868 to €101,457
mainly Net result for the year (+€84,826) and Tax, wage and social debts (+€23,850)
- Profit (loss) carried forward +€84,826
up €84,826 (+99.1%), from €85,571 to €170,397
- Debts after one year -€40,165
down €40,165 (-20.0%), from €200,710 to €160,545
- Tax, wage and social debts +€23,850
up €23,850 (+59.2%), from €40,305 to €64,156
- Other debts +€14,352
up €14,352 (+69.4%), from €20,688 to €35,039
- Gross operating margin -€23,809
down €23,809 (-16.3%), from €146,335 to €122,526
- Financial income +€18,961
up €18,961 (+1877354.5%), from €1 to €18,962
- Taxes -€9,547
down €9,547 (-29.4%), from €32,474 to €22,927
- Financial charges +€6,209
up €6,209 (+118.7%), from €5,232 to €11,441
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 | €394,848 | €480,437 | +€85,589 | +21.7% |
| Fixed assets | 21/28 | €292,517 | €349,047 | +€56,530 | +19.3% |
| Tangible fixed assets | 22/27 | €46,615 | €103,146 | +€56,530 | +121.3% |
| Plant, machinery and equipment | 23 | - | €17,840 | +€17,840 | |
| Furniture and vehicles | 24 | €46,615 | €85,306 | +€38,691 | +83.0% |
| Financial fixed assets | 28 | €245,901 | €245,901 | = | 0.0% |
| Current assets | 29/58 | €102,331 | €131,390 | +€29,059 | +28.4% |
| Amounts receivable within one year | 40/41 | €29,271 | €28,637 | -€634 | -2.2% |
| Trade receivables | 40 | €29,271 | €28,637 | -€634 | -2.2% |
| Cash at bank and in hand | 54/58 | €71,868 | €101,457 | +€29,589 | +41.2% |
| Deferred charges and accrued income | 490/1 | €1,192 | €1,296 | +€104 | +8.7% |
| Total equity and liabilities | 10/49 | €394,848 | €480,437 | +€85,589 | +21.7% |
| Equity | 10/15 | €90,571 | €175,397 | +€84,826 | +93.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €85,571 | €170,397 | +€84,826 | +99.1% |
| Amounts payable | 17/49 | €304,277 | €305,040 | +€764 | +0.3% |
| Amounts payable after more than one year | 17 | €200,710 | €160,545 | -€40,165 | -20.0% |
| Financial debts | 170/4 | €200,710 | €160,545 | -€40,165 | -20.0% |
| Amounts payable within one year | 42/48 | €102,757 | €142,565 | +€39,808 | +38.7% |
| Current portion of amounts payable after more than one year | 42 | €39,573 | €40,165 | +€592 | +1.5% |
| Trade debts | 44 | €2,191 | €3,205 | +€1,014 | +46.3% |
| Suppliers | 440/4 | €2,191 | €3,205 | +€1,014 | +46.3% |
| Taxes, remuneration and social security | 45 | €40,305 | €64,156 | +€23,850 | +59.2% |
| Taxes | 450/3 | €40,305 | €64,156 | +€23,850 | +59.2% |
| Other amounts payable | 47/48 | €20,688 | €35,039 | +€14,352 | +69.4% |
| Accrued charges and deferred income | 492/3 | €810 | €1,930 | +€1,120 | +138.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,360 | €20,647 | +€1,287 | +6.6% |
| Other operating charges | 640/8 | €1,981 | €1,648 | -€333 | -16.8% |
| Gross operating margin | 9900 | €146,335 | €122,526 | -€23,809 | -16.3% |
| Operating profit (loss) | 9901 | €124,994 | €100,231 | -€24,763 | -19.8% |
| Financial income | 75/76B | €1 | €18,962 | +€18,961 | +1877354.5% |
| Recurring financial income | 75 | €1 | €18,962 | +€18,961 | +1877354.5% |
| Financial charges | 65/66B | €5,232 | €11,441 | +€6,209 | +118.7% |
| Recurring financial charges | 65 | €5,232 | €11,441 | +€6,209 | +118.7% |
| Profit (loss) for the period before taxes | 9903 | €119,763 | €107,752 | -€12,011 | -10.0% |
| Income taxes | 67/77 | €32,474 | €22,927 | -€9,547 | -29.4% |
| Profit (loss) for the period | 9904 | €87,289 | €84,826 | -€2,464 | -2.8% |
| Profit (loss) for the period to be appropriated | 9905 | €87,289 | €84,826 | -€2,464 | -2.8% |
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 3 October 2026 via checked.be.