ANFORA: 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.
ANFORA
Largest movements
- Receivables within one year -€595,790
down €595,790 (-76.7%), from €776,679 to €180,889
- Cash -€126,629
down €126,629 (-88.1%), from €143,705 to €17,076
mainly Debts after one year (-€334,248) and Net result for the year (-€151,861)
- Stocks and contracts -€100,131
down €100,131 (-11.1%), from €898,465 to €798,334
- Receivables after one year +€72,765
new in 2024: €72,765
of which Trade receivables: +€57,765
- Debts after one year -€334,248
down €334,248 (-47.1%), from €708,921 to €374,673
of which Financial debts: -€334,248
- Profit (loss) carried forward -€151,861
down €151,861 (-153%), from -€99,385 to -€251,245
- Trade debts -€104,291
down €104,291 (-21.1%), from €493,390 to €389,099
- Tax, wage and social debts -€89,087
down €89,087 (-40.7%), from €219,150 to €130,064
of which Remuneration and social security: -€54,244
- Current portion of long-term debt -€69,776
down €69,776 (-27.7%), from €251,483 to €181,707
- Gross operating margin -€828,668
down €828,668 (-43.5%), from €1.9m to €1.1m
- Staff costs -€486,513
down €486,513 (-31.2%), from €1.6m to €1.1m
- Write-downs +€37,689
no longer reported in 2024 (was -€37,689)
- Financial charges -€23,129
down €23,129 (-39.1%), from €59,213 to €36,084
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,258,409 | €1,491,549 | -€766,859 | -34.0% |
| Formation expenses | 20 | €61,307 | €51,922 | -€9,385 | -15.3% |
| Fixed assets | 21/28 | €378,249 | €370,560 | -€7,689 | -2.0% |
| Tangible fixed assets | 22/27 | €376,652 | €368,963 | -€7,689 | -2.0% |
| Land and buildings | 22 | €5,520 | €6,228 | +€709 | +12.8% |
| Plant, machinery and equipment | 23 | €346,373 | €286,388 | -€59,985 | -17.3% |
| Furniture and vehicles | 24 | €24,760 | €76,347 | +€51,587 | +208% |
| Financial fixed assets | 28 | €1,597 | €1,597 | = | 0.0% |
| Current assets | 29/58 | €1,818,852 | €1,069,067 | -€749,785 | -41.2% |
| Amounts receivable after more than one year | 29 | - | €72,765 | +€72,765 | |
| Trade receivables | 290 | - | €57,765 | +€57,765 | |
| Other amounts receivable | 291 | - | €15,000 | +€15,000 | |
| Stocks and contracts in progress | 3 | €898,465 | €798,334 | -€100,131 | -11.1% |
| Stocks | 30/36 | €898,465 | €798,334 | -€100,131 | -11.1% |
| Amounts receivable within one year | 40/41 | €776,679 | €180,889 | -€595,790 | -76.7% |
| Trade receivables | 40 | €776,679 | €180,889 | -€595,790 | -76.7% |
| Cash at bank and in hand | 54/58 | €143,705 | €17,076 | -€126,629 | -88.1% |
| Deferred charges and accrued income | 490/1 | €4 | €4 | = | 0.0% |
| Total equity and liabilities | 10/49 | €2,258,409 | €1,491,549 | -€766,859 | -34.0% |
| Equity | 10/15 | €324,621 | €172,760 | -€151,861 | -46.8% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €174,006 | €174,006 | = | 0.0% |
| Non-distributable reserves | 130/1 | €26,736 | - | -€26,736 | |
| Reserves not available under the articles | 1311 | €26,736 | - | -€26,736 | |
| Tax-exempt reserves | 132 | €47,224 | €47,224 | = | 0.0% |
| Distributable reserves | 133 | €100,046 | €126,782 | +€26,736 | +26.7% |
| Profit (loss) carried forward | 14 | -€99,385 | -€251,245 | -€151,861 | -153% |
| Amounts payable | 17/49 | €1,933,788 | €1,318,789 | -€614,999 | -31.8% |
| Amounts payable after more than one year | 17 | €708,921 | €374,673 | -€334,248 | -47.1% |
| Financial debts | 170/4 | €586,421 | €252,173 | -€334,248 | -57.0% |
| Other amounts payable | 178/9 | €122,500 | €122,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,219,104 | €944,096 | -€275,007 | -22.6% |
| Current portion of amounts payable after more than one year | 42 | €251,483 | €181,707 | -€69,776 | -27.7% |
| Financial debts | 43 | €255,081 | €243,226 | -€11,854 | -4.6% |
| Credit institutions | 430/8 | €255,081 | €243,226 | -€11,854 | -4.6% |
| Trade debts | 44 | €493,390 | €389,099 | -€104,291 | -21.1% |
| Suppliers | 440/4 | €493,390 | €389,099 | -€104,291 | -21.1% |
| Taxes, remuneration and social security | 45 | €219,150 | €130,064 | -€89,087 | -40.7% |
| Taxes | 450/3 | €35,336 | €492 | -€34,843 | -98.6% |
| Remuneration and social security | 454/9 | €183,815 | €129,571 | -€54,244 | -29.5% |
| Accrued charges and deferred income | 492/3 | €5,763 | €20 | -€5,743 | -99.7% |
| Remuneration, social security and pensions | 62 | €1,561,319 | €1,074,806 | -€486,513 | -31.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101,781 | €105,821 | +€4,041 | +4.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€37,689 | - | +€37,689 | |
| Other operating charges | 640/8 | €6,058 | €10,865 | +€4,807 | +79.3% |
| Non-recurring operating charges | 66A | €85,304 | - | -€85,304 | |
| Gross operating margin | 9900 | €1,904,803 | €1,076,135 | -€828,668 | -43.5% |
| Operating profit (loss) | 9901 | €188,030 | -€115,358 | -€303,387 | |
| Financial income | 75/76B | €1,695 | €73 | -€1,622 | -95.7% |
| Recurring financial income | 75 | €1,695 | €73 | -€1,622 | -95.7% |
| Financial charges | 65/66B | €59,213 | €36,084 | -€23,129 | -39.1% |
| Recurring financial charges | 65 | €59,213 | €36,084 | -€23,129 | -39.1% |
| Profit (loss) for the period before taxes | 9903 | €130,511 | -€151,368 | -€281,880 | |
| Income taxes | 67/77 | €7,685 | €492 | -€7,193 | -93.6% |
| Profit (loss) for the period | 9904 | €122,826 | -€151,861 | -€274,687 | |
| Profit (loss) for the period to be appropriated | 9905 | €122,826 | -€151,861 | -€274,687 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.