ANFAJET: 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.
ANFAJET
Largest movements
- Receivables within one year -€26,250
down €26,250 (-92.9%), from €28,266 to €2,016
of which Other amounts receivable: -€18,927
- Cash -€10,583
down €10,583 (-63.1%), from €16,779 to €6,196
mainly Contributions, distributions and other (-€43,686) and Net result for the year (-€15,371)
- Tangible fixed assets +€4,035
up €4,035 (+2.8%), from €144,717 to €148,752
of which Furniture and vehicles: +€10,259
- Reserves -€43,686
down €43,686 (-62.7%), from €69,673 to €25,988
- Other debts +€39,764
new in 2025: €39,764
- Profit (loss) carried forward -€15,371
new in 2025: -€15,371
- Debts after one year -€15,005
down €15,005 (-17.9%), from €83,848 to €68,842
- Gross operating margin -€32,356
down €32,356 (-62.0%), from €52,199 to €19,844
- Staff costs +€23,306
new in 2025: €23,306
- Taxes -€15,103
down €15,103 (-99.1%), from €15,244 to €141
- Depreciation +€1,071
up €1,071 (+15.7%), from €6,804 to €7,875
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 | €189,761 | €157,326 | -€32,435 | -17.1% |
| Fixed assets | 21/28 | €144,717 | €148,752 | +€4,035 | +2.8% |
| Tangible fixed assets | 22/27 | €144,717 | €148,752 | +€4,035 | +2.8% |
| Land and buildings | 22 | €138,145 | €132,912 | -€5,233 | -3.8% |
| Plant, machinery and equipment | 23 | €6,387 | €5,396 | -€990 | -15.5% |
| Furniture and vehicles | 24 | €185 | €10,444 | +€10,259 | +5,536% |
| Current assets | 29/58 | €45,045 | €8,574 | -€36,471 | -81.0% |
| Amounts receivable within one year | 40/41 | €28,266 | €2,016 | -€26,250 | -92.9% |
| Trade receivables | 40 | €7,323 | - | -€7,323 | |
| Other amounts receivable | 41 | €20,943 | €2,016 | -€18,927 | -90.4% |
| Cash at bank and in hand | 54/58 | €16,779 | €6,196 | -€10,583 | -63.1% |
| Deferred charges and accrued income | 490/1 | - | €362 | +€362 | |
| Total equity and liabilities | 10/49 | €189,761 | €157,326 | -€32,435 | -17.1% |
| Equity | 10/15 | €75,873 | €16,817 | -€59,056 | -77.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €69,673 | €25,988 | -€43,686 | -62.7% |
| Distributable reserves | 133 | €69,673 | €25,988 | -€43,686 | -62.7% |
| Profit (loss) carried forward | 14 | - | -€15,371 | -€15,371 | |
| Amounts payable | 17/49 | €113,888 | €140,509 | +€26,621 | +23.4% |
| Amounts payable after more than one year | 17 | €83,848 | €68,842 | -€15,005 | -17.9% |
| Financial debts | 170/4 | €83,848 | €68,842 | -€15,005 | -17.9% |
| Amounts payable within one year | 42/48 | €30,041 | €71,322 | +€41,281 | +137% |
| Current portion of amounts payable after more than one year | 42 | €14,797 | €15,005 | +€208 | +1.4% |
| Trade debts | 44 | - | €1,168 | +€1,168 | |
| Suppliers | 440/4 | - | €1,168 | +€1,168 | |
| Taxes, remuneration and social security | 45 | €15,244 | €15,384 | +€141 | +0.9% |
| Taxes | 450/3 | €15,244 | €15,384 | +€141 | +0.9% |
| Other amounts payable | 47/48 | - | €39,764 | +€39,764 | |
| Accrued charges and deferred income | 492/3 | - | €345 | +€345 | |
| Remuneration, social security and pensions | 62 | - | €23,306 | +€23,306 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,804 | €7,875 | +€1,071 | +15.7% |
| Other operating charges | 640/8 | €2,012 | €2,177 | +€164 | +8.2% |
| Gross operating margin | 9900 | €52,199 | €19,844 | -€32,356 | -62.0% |
| Operating profit (loss) | 9901 | €43,384 | -€13,514 | -€56,897 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,152 | €1,716 | -€436 | -20.3% |
| Recurring financial charges | 65 | €2,152 | €1,716 | -€436 | -20.3% |
| Profit (loss) for the period before taxes | 9903 | €41,231 | -€15,230 | -€56,461 | |
| Income taxes | 67/77 | €15,244 | €141 | -€15,103 | -99.1% |
| Profit (loss) for the period | 9904 | €25,988 | -€15,371 | -€41,358 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,988 | -€15,371 | -€41,358 |
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 16 October 2026 via checked.be.