ANHYBEL: 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.
ANHYBEL
Largest movements
- Cash -€293,644
down €293,644 (-72.8%), from €403,625 to €109,981
mainly Other debts (-€400,000) and Investment in fixed assets (net) (-€251,770)
- Receivables within one year +€90,651
up €90,651 (+28.3%), from €320,652 to €411,303
of which Trade receivables: +€123,361
- Tangible fixed assets -€41,090
down €41,090 (-11.0%), from €374,137 to €333,047
of which Plant, machinery and equipment: -€27,901
- Other debts -€400,000
down €400,000 (-69.0%), from €580,000 to €180,000
- Trade debts +€108,142
up €108,142 (+53.5%), from €202,053 to €310,196
- Tax, wage and social debts +€47,083
up €47,083 (+49.0%), from €96,020 to €143,103
of which Taxes: +€36,662
- Accrued charges and deferred income +€16,589
up €16,589 (+17.4%), from €95,215 to €111,804
- Provisions -€15,762
down €15,762 (-14.2%), from €111,171 to €95,409
- Gross operating margin +€231,892
up €231,892 (+21.8%), from €1.1m to €1.3m
- Depreciation -€121,802
down €121,802 (-29.4%), from €414,662 to €292,860
- Staff costs +€109,332
up €109,332 (+15.4%), from €710,599 to €819,931
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 | €1,117,665 | €874,273 | -€243,393 | -21.8% |
| Fixed assets | 21/28 | €374,137 | €333,047 | -€41,090 | -11.0% |
| Tangible fixed assets | 22/27 | €374,137 | €333,047 | -€41,090 | -11.0% |
| Plant, machinery and equipment | 23 | €276,299 | €248,398 | -€27,901 | -10.1% |
| Furniture and vehicles | 24 | €96,203 | €84,649 | -€11,554 | -12.0% |
| Other tangible fixed assets | 26 | €1,634 | €0 | -€1,634 | -100% |
| Current assets | 29/58 | €743,529 | €541,225 | -€202,303 | -27.2% |
| Stocks and contracts in progress | 3 | €7,680 | €9,240 | +€1,560 | +20.3% |
| Stocks | 30/36 | €7,680 | €9,240 | +€1,560 | +20.3% |
| Amounts receivable within one year | 40/41 | €320,652 | €411,303 | +€90,651 | +28.3% |
| Trade receivables | 40 | €287,252 | €410,613 | +€123,361 | +42.9% |
| Other amounts receivable | 41 | €33,400 | €690 | -€32,710 | -97.9% |
| Cash at bank and in hand | 54/58 | €403,625 | €109,981 | -€293,644 | -72.8% |
| Deferred charges and accrued income | 490/1 | €11,572 | €10,702 | -€870 | -7.5% |
| Total equity and liabilities | 10/49 | €1,117,665 | €874,273 | -€243,393 | -21.8% |
| Equity | 10/15 | €33,206 | €33,761 | +€555 | +1.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,994 | -€34,439 | +€555 | +1.6% |
| Provisions and deferred taxes | 16 | €111,171 | €95,409 | -€15,762 | -14.2% |
| Provisions for liabilities and charges | 160/5 | €111,171 | €95,409 | -€15,762 | -14.2% |
| Environmental obligations | 163 | €111,171 | €95,409 | -€15,762 | -14.2% |
| Amounts payable | 17/49 | €973,289 | €745,103 | -€228,186 | -23.4% |
| Amounts payable within one year | 42/48 | €878,074 | €633,299 | -€244,775 | -27.9% |
| Trade debts | 44 | €202,053 | €310,196 | +€108,142 | +53.5% |
| Suppliers | 440/4 | €202,053 | €310,196 | +€108,142 | +53.5% |
| Taxes, remuneration and social security | 45 | €96,020 | €143,103 | +€47,083 | +49.0% |
| Taxes | 450/3 | €25,357 | €62,019 | +€36,662 | +145% |
| Remuneration and social security | 454/9 | €70,663 | €81,085 | +€10,421 | +14.7% |
| Other amounts payable | 47/48 | €580,000 | €180,000 | -€400,000 | -69.0% |
| Accrued charges and deferred income | 492/3 | €95,215 | €111,804 | +€16,589 | +17.4% |
| Remuneration, social security and pensions | 62 | €710,599 | €819,931 | +€109,332 | +15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €414,662 | €292,860 | -€121,802 | -29.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€15,000 | -€15,762 | -€762 | -5.1% |
| Other operating charges | 640/8 | €3,912 | €8,193 | +€4,280 | +109% |
| Non-recurring operating charges | 66A | - | €182,173 | +€182,173 | |
| Gross operating margin | 9900 | €1,064,571 | €1,296,463 | +€231,892 | +21.8% |
| Operating profit (loss) | 9901 | -€49,602 | €9,068 | +€58,670 | |
| Financial income | 75/76B | €286 | €185 | -€101 | -35.3% |
| Recurring financial income | 75 | €286 | €185 | -€101 | -35.3% |
| Financial charges | 65/66B | €15,485 | €7,906 | -€7,579 | -48.9% |
| Recurring financial charges | 65 | €15,485 | €7,906 | -€7,579 | -48.9% |
| Profit (loss) for the period before taxes | 9903 | -€64,801 | €1,347 | +€66,149 | |
| Income taxes | 67/77 | €382 | €793 | +€411 | +108% |
| Profit (loss) for the period | 9904 | -€65,183 | €555 | +€65,738 | |
| Profit (loss) for the period to be appropriated | 9905 | -€65,183 | €555 | +€65,738 |
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 28 October 2026 via checked.be.