ANELLI ORO: 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.
ANELLI ORO
Largest movements
- Receivables within one year +€325,463
up €325,463 (+97.6%), from €333,563 to €659,026
of which Trade receivables: +€316,271
- Stocks and contracts -€293,966
down €293,966 (-35.0%), from €840,075 to €546,108
- Profit (loss) carried forward +€20,699
up €20,699 (+13.3%), from €155,610 to €176,309
- Gross operating margin -€46,602
down €46,602 (-36.7%), from €126,990 to €80,388
- Financial income +€22,064
up €22,064 (+130%), from €16,934 to €38,999
- Taxes -€9,174
down €9,174 (-35.2%), from €26,060 to €16,886
- Staff costs +€4,864
up €4,864 (+20.6%), from €23,569 to €28,433
- Financial charges +€4,487
up €4,487 (+9.3%), from €48,281 to €52,768
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.
Derived cash bridge
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 | €1,212,592 | €1,240,607 | +€28,015 | +2.3% |
| Fixed assets | 21/28 | €13,867 | €13,867 | = | 0.0% |
| Financial fixed assets | 28 | €13,867 | €13,867 | = | 0.0% |
| Current assets | 29/58 | €1,198,726 | €1,226,741 | +€28,015 | +2.3% |
| Stocks and contracts in progress | 3 | €840,075 | €546,108 | -€293,966 | -35.0% |
| Stocks | 30/36 | €840,075 | €546,108 | -€293,966 | -35.0% |
| Amounts receivable within one year | 40/41 | €333,563 | €659,026 | +€325,463 | +97.6% |
| Trade receivables | 40 | €332,300 | €648,571 | +€316,271 | +95.2% |
| Other amounts receivable | 41 | €1,263 | €10,454 | +€9,192 | +728% |
| Cash at bank and in hand | 54/58 | €25,088 | €20,800 | -€4,289 | -17.1% |
| Deferred charges and accrued income | 490/1 | - | €807 | +€807 | |
| Total equity and liabilities | 10/49 | €1,212,592 | €1,240,607 | +€28,015 | +2.3% |
| Equity | 10/15 | €163,666 | €184,366 | +€20,699 | +12.6% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €155,610 | €176,309 | +€20,699 | +13.3% |
| Amounts payable | 17/49 | €1,048,926 | €1,056,242 | +€7,316 | +0.7% |
| Amounts payable within one year | 42/48 | €1,027,243 | €1,034,559 | +€7,316 | +0.7% |
| Trade debts | 44 | €976,183 | €986,312 | +€10,129 | +1.0% |
| Suppliers | 440/4 | €976,183 | €986,312 | +€10,129 | +1.0% |
| Taxes, remuneration and social security | 45 | €50,994 | €48,247 | -€2,747 | -5.4% |
| Taxes | 450/3 | €49,424 | €42,946 | -€6,478 | -13.1% |
| Remuneration and social security | 454/9 | €1,570 | €5,301 | +€3,731 | +238% |
| Other amounts payable | 47/48 | €66 | - | -€66 | |
| Accrued charges and deferred income | 492/3 | €21,683 | €21,683 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €23,569 | €28,433 | +€4,864 | +20.6% |
| Other operating charges | 640/8 | €203 | €601 | +€398 | +196% |
| Gross operating margin | 9900 | €126,990 | €80,388 | -€46,602 | -36.7% |
| Operating profit (loss) | 9901 | €103,218 | €51,354 | -€51,864 | -50.2% |
| Financial income | 75/76B | €16,934 | €38,999 | +€22,064 | +130% |
| Recurring financial income | 75 | €16,934 | €38,999 | +€22,064 | +130% |
| Financial charges | 65/66B | €48,281 | €52,768 | +€4,487 | +9.3% |
| Recurring financial charges | 65 | €48,281 | €52,768 | +€4,487 | +9.3% |
| Profit (loss) for the period before taxes | 9903 | €71,872 | €37,585 | -€34,287 | -47.7% |
| Income taxes | 67/77 | €26,060 | €16,886 | -€9,174 | -35.2% |
| Profit (loss) for the period | 9904 | €45,812 | €20,699 | -€25,112 | -54.8% |
| Profit (loss) for the period to be appropriated | 9905 | €45,812 | €20,699 | -€25,112 | -54.8% |
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 21 October 2026 via checked.be.