ANFRA: 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.
ANFRA
Largest movements
- Financial fixed assets +€878,338
up €878,338 (+3.8%), from €22.8m to €23.7m
- Profit (loss) carried forward +€962,934
up €962,934 (+11.7%), from €8.2m to €9.2m
- Financial charges -€355,931
down €355,931 (-84.0%), from €423,782 to €67,851
of which Non-recurring financial charges: -€338,069
- Financial income +€61,256
up €61,256 (+6.8%), from €903,368 to €964,625
of which Non-recurring financial income: +€57,955
- Depreciation +€29,188
up €29,188 (+129.1%), from €22,609 to €51,797
- Gross operating margin +€25,176
up €25,176 (+25.9%), from €97,262 to €122,438
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 | €24,556,237 | €25,451,421 | +€895,183 | +3.6% |
| Fixed assets | 21/28 | €24,148,341 | €25,026,423 | +€878,083 | +3.6% |
| Tangible fixed assets | 22/27 | €1,326,570 | €1,326,315 | -€255 | 0.0% |
| Land and buildings | 22 | €1,326,570 | €1,326,315 | -€255 | 0.0% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €22,821,770 | €23,700,108 | +€878,338 | +3.8% |
| Current assets | 29/58 | €407,897 | €424,997 | +€17,101 | +4.2% |
| Amounts receivable within one year | 40/41 | €47,771 | €47,111 | -€660 | -1.4% |
| Trade receivables | 40 | €182 | €0 | -€182 | -100.0% |
| Other amounts receivable | 41 | €47,589 | €47,111 | -€478 | -1.0% |
| Current investments | 50/53 | €158,633 | €163,967 | +€5,334 | +3.4% |
| Cash at bank and in hand | 54/58 | €194,064 | €182,315 | -€11,748 | -6.1% |
| Deferred charges and accrued income | 490/1 | €7,428 | €31,604 | +€24,176 | +325.4% |
| Total equity and liabilities | 10/49 | €24,556,237 | €25,451,421 | +€895,183 | +3.6% |
| Equity | 10/15 | €14,708,074 | €15,671,008 | +€962,934 | +6.5% |
| Contributions | 10/11 | €6,504,197 | €6,504,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,203,877 | €9,166,812 | +€962,934 | +11.7% |
| Amounts payable | 17/49 | €9,848,163 | €9,780,412 | -€67,751 | -0.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €9,774,187 | €9,706,500 | -€67,686 | -0.7% |
| Financial debts | 43 | €9,758,374 | €9,689,009 | -€69,365 | -0.7% |
| Other loans | 439 | €9,758,374 | €9,689,009 | -€69,365 | -0.7% |
| Trade debts | 44 | €220 | €1,315 | +€1,094 | +496.7% |
| Suppliers | 440/4 | €220 | €1,315 | +€1,094 | +496.7% |
| Taxes, remuneration and social security | 45 | €15,593 | €16,177 | +€584 | +3.7% |
| Taxes | 450/3 | €15,593 | €16,177 | +€584 | +3.7% |
| Accrued charges and deferred income | 492/3 | €73,976 | €73,912 | -€64 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,609 | €51,797 | +€29,188 | +129.1% |
| Other operating charges | 640/8 | €4,390 | €4,481 | +€91 | +2.1% |
| Gross operating margin | 9900 | €97,262 | €122,438 | +€25,176 | +25.9% |
| Operating profit (loss) | 9901 | €70,263 | €66,161 | -€4,102 | -5.8% |
| Financial income | 75/76B | €903,368 | €964,625 | +€61,256 | +6.8% |
| Recurring financial income | 75 | €903,368 | €906,670 | +€3,302 | +0.4% |
| Non-recurring financial income | 76B | €0 | €57,955 | +€57,955 | |
| Financial charges | 65/66B | €423,782 | €67,851 | -€355,931 | -84.0% |
| Recurring financial charges | 65 | €85,714 | €67,851 | -€17,862 | -20.8% |
| Non-recurring financial charges | 66B | €338,069 | €0 | -€338,069 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €549,849 | €962,934 | +€413,085 | +75.1% |
| Profit (loss) for the period | 9904 | €549,849 | €962,934 | +€413,085 | +75.1% |
| Profit (loss) for the period to be appropriated | 9905 | €549,849 | €962,934 | +€413,085 | +75.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.