ANEXAN: 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.
ANEXAN
Largest movements
- Receivables within one year -€18,789
down €18,789 (-70.2%), from €26,755 to €7,966
of which Trade receivables: -€24,945
- Cash -€4,756
down €4,756 (-33.4%), from €14,257 to €9,501
mainly Contributions, distributions and other (-€30,000) and Tax, wage and social debts (-€11,906)
- Profit (loss) carried forward -€17,694
down €17,694 (-36.7%), from €48,245 to €30,551
- Tax, wage and social debts -€11,906
down €11,906 (-79.5%), from €14,982 to €3,076
of which Taxes: -€13,020
- Other debts +€5,081
up €5,081 (+19.1%), from €26,585 to €31,665
- Trade debts +€2,971
up €2,971 (+165.1%), from €1,799 to €4,771
- Short-term financial debts -€1,298
down €1,298 (-79.1%), from €1,640 to €343
- Gross operating margin -€30,319
down €30,319 (-65.6%), from €46,252 to €15,933
- Taxes -€5,895
down €5,895 (-59.4%), from €9,929 to €4,033
- Financial income +€510
up €510 (+51.5%), from €989 to €1,499
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 | €99,451 | €76,605 | -€22,846 | -23.0% |
| Current assets | 29/58 | €99,451 | €76,605 | -€22,846 | -23.0% |
| Amounts receivable after more than one year | 29 | €58,440 | €59,139 | +€699 | +1.2% |
| Other amounts receivable | 291 | €58,440 | €59,139 | +€699 | +1.2% |
| Amounts receivable within one year | 40/41 | €26,755 | €7,966 | -€18,789 | -70.2% |
| Trade receivables | 40 | €26,755 | €1,809 | -€24,945 | -93.2% |
| Other amounts receivable | 41 | €0 | €6,156 | +€6,156 | |
| Cash at bank and in hand | 54/58 | €14,257 | €9,501 | -€4,756 | -33.4% |
| Total equity and liabilities | 10/49 | €99,451 | €76,605 | -€22,846 | -23.0% |
| Equity | 10/15 | €54,445 | €36,751 | -€17,694 | -32.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,245 | €30,551 | -€17,694 | -36.7% |
| Amounts payable | 17/49 | €45,007 | €39,855 | -€5,152 | -11.4% |
| Amounts payable within one year | 42/48 | €45,007 | €39,855 | -€5,152 | -11.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €1,640 | €343 | -€1,298 | -79.1% |
| Credit institutions | 430/8 | €1,640 | €343 | -€1,298 | -79.1% |
| Trade debts | 44 | €1,799 | €4,771 | +€2,971 | +165.1% |
| Suppliers | 440/4 | €1,799 | €4,771 | +€2,971 | +165.1% |
| Taxes, remuneration and social security | 45 | €14,982 | €3,076 | -€11,906 | -79.5% |
| Taxes | 450/3 | €14,982 | €1,962 | -€13,020 | -86.9% |
| Remuneration and social security | 454/9 | €0 | €1,114 | +€1,114 | |
| Other amounts payable | 47/48 | €26,585 | €31,665 | +€5,081 | +19.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Other operating charges | 640/8 | €471 | €827 | +€356 | +75.5% |
| Gross operating margin | 9900 | €46,252 | €15,933 | -€30,319 | -65.6% |
| Operating profit (loss) | 9901 | €45,781 | €15,106 | -€30,675 | -67.0% |
| Financial income | 75/76B | €989 | €1,499 | +€510 | +51.5% |
| Recurring financial income | 75 | €989 | €1,499 | +€510 | +51.5% |
| Financial charges | 65/66B | €240 | €266 | +€26 | +10.9% |
| Recurring financial charges | 65 | €240 | €266 | +€26 | +10.9% |
| Profit (loss) for the period before taxes | 9903 | €46,530 | €16,339 | -€30,191 | -64.9% |
| Income taxes | 67/77 | €9,929 | €4,033 | -€5,895 | -59.4% |
| Profit (loss) for the period | 9904 | €36,602 | €12,306 | -€24,296 | -66.4% |
| Profit (loss) for the period to be appropriated | 9905 | €36,602 | €12,306 | -€24,296 | -66.4% |
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 6 October 2026 via checked.be.