Anerad: 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.
Anerad
Largest movements
- Cash +€496,257
up €496,257 (+92.6%), from €536,034 to €1.0m
mainly Other debts (+€1.2m) and Net result for the year (+€668,613)
- Receivables within one year -€29,558
down €29,558 (-7.4%), from €400,265 to €370,707
of which Other amounts receivable: -€29,558
- Other debts +€1.2m
up €1.2m (+555%), from €211,743 to €1.4m
- Reserves -€716,631
no longer reported in 2025 (was €716,631)
- Tax, wage and social debts -€20,549
down €20,549 (-39.4%), from €52,135 to €31,586
- Accrued charges and deferred income +€15,419
up €15,419 (+177%), from €8,714 to €24,133
- Gross operating margin -€32,337
down €32,337 (-3.3%), from €973,427 to €941,090
- Financial charges +€22,029
up €22,029 (+176%), from €12,501 to €34,530
- Taxes -€17,207
down €17,207 (-7.3%), from €235,698 to €218,491
- Financial income -€12,171
no longer reported in 2025 (was €12,171)
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 | €1,009,581 | €1,463,606 | +€454,026 | +45.0% |
| Fixed assets | 21/28 | €64,872 | €51,890 | -€12,982 | -20.0% |
| Tangible fixed assets | 22/27 | €64,627 | €51,669 | -€12,959 | -20.1% |
| Plant, machinery and equipment | 23 | €7,599 | €9,738 | +€2,139 | +28.1% |
| Furniture and vehicles | 24 | €57,028 | €41,931 | -€15,097 | -26.5% |
| Financial fixed assets | 28 | €245 | €221 | -€23 | -9.6% |
| Current assets | 29/58 | €944,709 | €1,411,716 | +€467,008 | +49.4% |
| Amounts receivable within one year | 40/41 | €400,265 | €370,707 | -€29,558 | -7.4% |
| Trade receivables | 40 | €350 | €350 | = | 0.0% |
| Other amounts receivable | 41 | €399,915 | €370,357 | -€29,558 | -7.4% |
| Cash at bank and in hand | 54/58 | €536,034 | €1,032,291 | +€496,257 | +92.6% |
| Deferred charges and accrued income | 490/1 | €8,409 | €8,718 | +€309 | +3.7% |
| Total equity and liabilities | 10/49 | €1,009,581 | €1,463,606 | +€454,026 | +45.0% |
| Equity | 10/15 | €735,231 | €18,600 | -€716,631 | -97.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €716,631 | - | -€716,631 | |
| Distributable reserves | 133 | €716,631 | - | -€716,631 | |
| Amounts payable | 17/49 | €274,350 | €1,445,006 | +€1.2m | +427% |
| Amounts payable within one year | 42/48 | €265,636 | €1,420,873 | +€1.2m | +435% |
| Trade debts | 44 | €1,758 | €1,586 | -€172 | -9.8% |
| Suppliers | 440/4 | €1,758 | €1,586 | -€172 | -9.8% |
| Taxes, remuneration and social security | 45 | €52,135 | €31,586 | -€20,549 | -39.4% |
| Taxes | 450/3 | €52,135 | €31,586 | -€20,549 | -39.4% |
| Other amounts payable | 47/48 | €211,743 | €1,387,701 | +€1.2m | +555% |
| Accrued charges and deferred income | 492/3 | €8,714 | €24,133 | +€15,419 | +177% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,542 | €19,192 | +€1,649 | +9.4% |
| Other operating charges | 640/8 | €126 | €264 | +€138 | +109% |
| Non-recurring operating charges | 66A | €3,100 | - | -€3,100 | |
| Gross operating margin | 9900 | €973,427 | €941,090 | -€32,337 | -3.3% |
| Operating profit (loss) | 9901 | €952,659 | €921,634 | -€31,024 | -3.3% |
| Financial income | 75/76B | €12,171 | - | -€12,171 | |
| Recurring financial income | 75 | €12,171 | - | -€12,171 | |
| Financial charges | 65/66B | €12,501 | €34,530 | +€22,029 | +176% |
| Recurring financial charges | 65 | €12,501 | €34,530 | +€22,029 | +176% |
| Profit (loss) for the period before taxes | 9903 | €952,329 | €887,105 | -€65,224 | -6.8% |
| Income taxes | 67/77 | €235,698 | €218,491 | -€17,207 | -7.3% |
| Profit (loss) for the period | 9904 | €716,631 | €668,613 | -€48,017 | -6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €716,631 | €668,613 | -€48,017 | -6.7% |
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 27 October 2026 via checked.be.