ANELI: 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.
ANELI
Largest movements
- Receivables within one year +€184,890
up €184,890 (+43.0%), from €430,160 to €615,050
- Cash -€133,301
down €133,301 (-84.0%), from €158,683 to €25,381
mainly Receivables within one year (-€184,890) and Trade debts (-€13,277)
- Tangible fixed assets -€19,990
down €19,990 (-16.4%), from €121,573 to €101,583
of which Land and buildings: -€18,057
- Deferred charges and accrued income -€12,293
no longer reported in 2025 (was €12,293)
- Profit (loss) carried forward +€17,486
no longer reported in 2025 (was -€17,486)
- Trade debts -€13,277
down €13,277 (-88.8%), from €14,950 to €1,673
- Reserves +€8,440
up €8,440 (+1.2%), from €710,680 to €719,120
of which Distributable reserves: +€8,440
- Gross operating margin +€60,676
up €60,676, from -€37,721 to €22,955
- Financial income -€12,842
down €12,842 (-31.9%), from €40,234 to €27,392
- Financial charges +€3,350
up €3,350, from -€3,154 to €196
- Taxes +€796
up €796 (+106.8%), from €745 to €1,541
- Other operating charges +€517
up €517 (+23.7%), from €2,176 to €2,693
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 | €722,709 | €742,015 | +€19,306 | +2.7% |
| Fixed assets | 21/28 | €121,573 | €101,583 | -€19,990 | -16.4% |
| Tangible fixed assets | 22/27 | €121,573 | €101,583 | -€19,990 | -16.4% |
| Land and buildings | 22 | €117,246 | €99,189 | -€18,057 | -15.4% |
| Plant, machinery and equipment | 23 | €4,327 | €2,394 | -€1,933 | -44.7% |
| Current assets | 29/58 | €601,135 | €640,432 | +€39,296 | +6.5% |
| Amounts receivable within one year | 40/41 | €430,160 | €615,050 | +€184,890 | +43.0% |
| Other amounts receivable | 41 | €430,160 | €615,050 | +€184,890 | +43.0% |
| Cash at bank and in hand | 54/58 | €158,683 | €25,381 | -€133,301 | -84.0% |
| Deferred charges and accrued income | 490/1 | €12,293 | - | -€12,293 | |
| Total equity and liabilities | 10/49 | €722,709 | €742,015 | +€19,306 | +2.7% |
| Equity | 10/15 | €705,594 | €731,520 | +€25,926 | +3.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €710,680 | €719,120 | +€8,440 | +1.2% |
| Non-distributable reserves | 130/1 | €8,608 | €8,608 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,608 | €8,608 | = | 0.0% |
| Distributable reserves | 133 | €702,072 | €710,512 | +€8,440 | +1.2% |
| Profit (loss) carried forward | 14 | -€17,486 | - | +€17,486 | |
| Amounts payable | 17/49 | €17,115 | €10,495 | -€6,620 | -38.7% |
| Amounts payable within one year | 42/48 | €17,115 | €10,495 | -€6,620 | -38.7% |
| Trade debts | 44 | €14,950 | €1,673 | -€13,277 | -88.8% |
| Suppliers | 440/4 | €14,950 | €1,673 | -€13,277 | -88.8% |
| Taxes, remuneration and social security | 45 | €2,165 | €8,822 | +€6,657 | +307.5% |
| Taxes | 450/3 | €2,165 | €8,822 | +€6,657 | +307.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,232 | €19,990 | -€241 | -1.2% |
| Other operating charges | 640/8 | €2,176 | €2,693 | +€517 | +23.7% |
| Gross operating margin | 9900 | -€37,721 | €22,955 | +€60,676 | |
| Operating profit (loss) | 9901 | -€60,129 | €272 | +€60,400 | |
| Financial income | 75/76B | €40,234 | €27,392 | -€12,842 | -31.9% |
| Recurring financial income | 75 | €40,234 | €27,392 | -€12,842 | -31.9% |
| Financial charges | 65/66B | -€3,154 | €196 | +€3,350 | |
| Recurring financial charges | 65 | -€3,154 | €196 | +€3,350 | |
| Profit (loss) for the period before taxes | 9903 | -€16,741 | €27,467 | +€44,208 | |
| Income taxes | 67/77 | €745 | €1,541 | +€796 | +106.8% |
| Profit (loss) for the period | 9904 | -€17,486 | €25,926 | +€43,412 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,486 | €25,926 | +€43,412 |
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 5 October 2026 via checked.be.