ANFIBA: 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.
ANFIBA
Largest movements
- Receivables within one year -€482,882
down €482,882 (-92.2%), from €523,637 to €40,755
of which Other amounts receivable: -€488,455
- Tangible fixed assets -€64,208
down €64,208 (-5.5%), from €1.2m to €1.1m
of which Land and buildings: -€54,452
- Contributions -€318,000
down €318,000 (-83.7%), from €380,000 to €62,000
- Debts after one year -€101,675
down €101,675 (-11.3%), from €896,418 to €794,743
- Reserves -€80,390
down €80,390 (-18.2%), from €442,745 to €362,355
- Other debts -€48,427
down €48,427 (-37.6%), from €128,770 to €80,343
- Financial income +€12,267
up €12,267 (+96.0%), from €12,777 to €25,044
- Taxes +€11,488
up €11,488 (+45.0%), from €25,524 to €37,012
- Financial charges -€7,713
down €7,713 (-22.8%), from €33,822 to €26,109
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 | €2,134,188 | €1,569,099 | -€565,089 | -26.5% |
| Fixed assets | 21/28 | €1,168,146 | €1,103,680 | -€64,466 | -5.5% |
| Intangible fixed assets | 21 | €258 | - | -€258 | |
| Tangible fixed assets | 22/27 | €1,166,018 | €1,101,810 | -€64,208 | -5.5% |
| Land and buildings | 22 | €1,075,069 | €1,020,617 | -€54,452 | -5.1% |
| Plant, machinery and equipment | 23 | €55,322 | €55,695 | +€374 | +0.7% |
| Furniture and vehicles | 24 | €35,627 | €25,498 | -€10,130 | -28.4% |
| Financial fixed assets | 28 | €1,870 | €1,870 | = | 0.0% |
| Current assets | 29/58 | €966,042 | €465,419 | -€500,623 | -51.8% |
| Stocks and contracts in progress | 3 | €395,900 | €375,279 | -€20,621 | -5.2% |
| Stocks | 30/36 | €395,900 | €375,279 | -€20,621 | -5.2% |
| Amounts receivable within one year | 40/41 | €523,637 | €40,755 | -€482,882 | -92.2% |
| Trade receivables | 40 | €13,222 | €18,795 | +€5,573 | +42.2% |
| Other amounts receivable | 41 | €510,415 | €21,960 | -€488,455 | -95.7% |
| Cash at bank and in hand | 54/58 | €46,017 | €48,880 | +€2,863 | +6.2% |
| Deferred charges and accrued income | 490/1 | €489 | €506 | +€17 | +3.4% |
| Total equity and liabilities | 10/49 | €2,134,188 | €1,569,099 | -€565,089 | -26.5% |
| Equity | 10/15 | €822,745 | €424,355 | -€398,390 | -48.4% |
| Contributions | 10/11 | €380,000 | €62,000 | -€318,000 | -83.7% |
| Reserves | 13 | €442,745 | €362,355 | -€80,390 | -18.2% |
| Distributable reserves | 133 | €442,745 | €362,355 | -€80,390 | -18.2% |
| Amounts payable | 17/49 | €1,311,443 | €1,144,744 | -€166,699 | -12.7% |
| Amounts payable after more than one year | 17 | €896,418 | €794,743 | -€101,675 | -11.3% |
| Financial debts | 170/4 | €896,418 | €794,743 | -€101,675 | -11.3% |
| Amounts payable within one year | 42/48 | €414,071 | €349,747 | -€64,324 | -15.5% |
| Current portion of amounts payable after more than one year | 42 | €125,942 | €109,254 | -€16,688 | -13.3% |
| Trade debts | 44 | €122,268 | €137,763 | +€15,494 | +12.7% |
| Suppliers | 440/4 | €122,268 | €137,763 | +€15,494 | +12.7% |
| Advances received on contracts in progress | 46 | €3,110 | €4,448 | +€1,339 | +43.0% |
| Taxes, remuneration and social security | 45 | €33,981 | €17,939 | -€16,042 | -47.2% |
| Taxes | 450/3 | €22,213 | €8,802 | -€13,411 | -60.4% |
| Remuneration and social security | 454/9 | €11,769 | €9,137 | -€2,631 | -22.4% |
| Other amounts payable | 47/48 | €128,770 | €80,343 | -€48,427 | -37.6% |
| Accrued charges and deferred income | 492/3 | €954 | €254 | -€700 | -73.3% |
| Remuneration, social security and pensions | 62 | €97,697 | €100,722 | +€3,025 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,735 | €81,013 | -€2,722 | -3.3% |
| Other operating charges | 640/8 | €14,384 | €17,290 | +€2,906 | +20.2% |
| Gross operating margin | 9900 | €311,708 | €310,674 | -€1,035 | -0.3% |
| Operating profit (loss) | 9901 | €115,893 | €111,649 | -€4,244 | -3.7% |
| Financial income | 75/76B | €12,777 | €25,044 | +€12,267 | +96.0% |
| Recurring financial income | 75 | €12,777 | €25,044 | +€12,267 | +96.0% |
| Financial charges | 65/66B | €33,822 | €26,109 | -€7,713 | -22.8% |
| Recurring financial charges | 65 | €33,822 | €26,109 | -€7,713 | -22.8% |
| Profit (loss) for the period before taxes | 9903 | €94,848 | €110,584 | +€15,737 | +16.6% |
| Income taxes | 67/77 | €25,524 | €37,012 | +€11,488 | +45.0% |
| Profit (loss) for the period | 9904 | €69,324 | €73,572 | +€4,249 | +6.1% |
| Profit (loss) for the period to be appropriated | 9905 | €69,324 | €73,572 | +€4,249 | +6.1% |
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 12 October 2026 via checked.be.