ANF Logistics: 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.
ANF Logistics
Largest movements
- Tangible fixed assets -€20,468
down €20,468 (-29.6%), from €69,088 to €48,620
- Receivables within one year -€17,493
down €17,493 (-44.0%), from €39,742 to €22,249
of which Trade receivables: -€13,557
- Cash +€8,637
up €8,637 (+390.7%), from €2,210 to €10,847
mainly Receivables within one year (+€17,493) and Depreciation (+€16,878)
- Deferred charges and accrued income +€7,049
up €7,049 (+648.0%), from €1,088 to €8,137
- Other debts -€16,212
down €16,212 (-26.4%), from €61,494 to €45,281
- Trade debts -€6,087
down €6,087 (-93.9%), from €6,484 to €398
- Current portion of long-term debt +€4,696
new in 2025: €4,696
- Profit (loss) carried forward -€2,314
new in 2025: -€2,314
- Tax, wage and social debts -€2,151
down €2,151 (-15.0%), from €14,319 to €12,168
- Gross operating margin -€44,058
down €44,058 (-67.3%), from €65,417 to €21,359
- Taxes -€10,526
down €10,526 (-94.5%), from €11,140 to €614
- Financial charges -€5,070
down €5,070 (-95.6%), from €5,301 to €231
- Depreciation -€2,040
down €2,040 (-10.8%), from €18,918 to €16,878
- Financial income +€1,203
up €1,203 (+533.5%), from €225 to €1,428
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 | €135,722 | €113,655 | -€22,068 | -16.3% |
| Fixed assets | 21/28 | €71,826 | €51,358 | -€20,468 | -28.5% |
| Tangible fixed assets | 22/27 | €69,088 | €48,620 | -€20,468 | -29.6% |
| Furniture and vehicles | 24 | €69,088 | €48,620 | -€20,468 | -29.6% |
| Financial fixed assets | 28 | €2,738 | €2,738 | = | 0.0% |
| Current assets | 29/58 | €63,897 | €62,297 | -€1,600 | -2.5% |
| Amounts receivable after more than one year | 29 | €20,857 | €21,063 | +€207 | +1.0% |
| Trade receivables | 290 | €20,857 | €21,063 | +€207 | +1.0% |
| Amounts receivable within one year | 40/41 | €39,742 | €22,249 | -€17,493 | -44.0% |
| Trade receivables | 40 | €25,314 | €11,757 | -€13,557 | -53.6% |
| Other amounts receivable | 41 | €14,428 | €10,492 | -€3,936 | -27.3% |
| Cash at bank and in hand | 54/58 | €2,210 | €10,847 | +€8,637 | +390.7% |
| Deferred charges and accrued income | 490/1 | €1,088 | €8,137 | +€7,049 | +648.0% |
| Total equity and liabilities | 10/49 | €135,722 | €113,655 | -€22,068 | -16.3% |
| Equity | 10/15 | €53,425 | €51,111 | -€2,314 | -4.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €50,425 | €50,425 | = | 0.0% |
| Distributable reserves | 133 | €50,425 | €50,425 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€2,314 | -€2,314 | |
| Amounts payable | 17/49 | €82,297 | €62,543 | -€19,754 | -24.0% |
| Amounts payable within one year | 42/48 | €82,297 | €62,543 | -€19,754 | -24.0% |
| Current portion of amounts payable after more than one year | 42 | - | €4,696 | +€4,696 | |
| Trade debts | 44 | €6,484 | €398 | -€6,087 | -93.9% |
| Suppliers | 440/4 | €6,484 | €398 | -€6,087 | -93.9% |
| Taxes, remuneration and social security | 45 | €14,319 | €12,168 | -€2,151 | -15.0% |
| Taxes | 450/3 | €14,319 | €12,168 | -€2,151 | -15.0% |
| Other amounts payable | 47/48 | €61,494 | €45,281 | -€16,212 | -26.4% |
| Non-recurring operating income | 76A | €1,147 | €3,332 | +€2,185 | +190.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,918 | €16,878 | -€2,040 | -10.8% |
| Other operating charges | 640/8 | €2,903 | €3,789 | +€885 | +30.5% |
| Non-recurring operating charges | 66A | - | €3,590 | +€3,590 | |
| Gross operating margin | 9900 | €65,417 | €21,359 | -€44,058 | -67.3% |
| Operating profit (loss) | 9901 | €43,596 | -€2,897 | -€46,493 | |
| Financial income | 75/76B | €225 | €1,428 | +€1,203 | +533.5% |
| Recurring financial income | 75 | €225 | €1,428 | +€1,203 | +533.5% |
| Financial charges | 65/66B | €5,301 | €231 | -€5,070 | -95.6% |
| Recurring financial charges | 65 | €5,301 | €231 | -€5,070 | -95.6% |
| Profit (loss) for the period before taxes | 9903 | €38,521 | -€1,700 | -€40,221 | |
| Income taxes | 67/77 | €11,140 | €614 | -€10,526 | -94.5% |
| Profit (loss) for the period | 9904 | €27,381 | -€2,314 | -€29,695 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,381 | -€2,314 | -€29,695 |
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 9 October 2026 via checked.be.