ANI: 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.
ANI
Largest movements
- Tangible fixed assets -€11,810
down €11,810 (-10.8%), from €109,262 to €97,452
- Cash -€9,308
down €9,308 (-34.8%), from €26,748 to €17,440
mainly Net result for the year (-€20,549) and Trade debts (-€569)
- Profit (loss) carried forward -€20,549
down €20,549 (-20.0%), from -€102,905 to -€123,454
- Taxes -€332
no longer reported in 2025 (was €332)
- Gross operating margin +€251
up €251 (+4.3%), from -€5,858 to -€5,607
- Other operating charges -€154
down €154 (-5.0%), from €3,098 to €2,944
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 | €136,010 | €114,892 | -€21,118 | -15.5% |
| Fixed assets | 21/28 | €109,262 | €97,452 | -€11,810 | -10.8% |
| Tangible fixed assets | 22/27 | €109,262 | €97,452 | -€11,810 | -10.8% |
| Land and buildings | 22 | €109,262 | €97,452 | -€11,810 | -10.8% |
| Current assets | 29/58 | €26,748 | €17,440 | -€9,308 | -34.8% |
| Cash at bank and in hand | 54/58 | €26,748 | €17,440 | -€9,308 | -34.8% |
| Total equity and liabilities | 10/49 | €136,010 | €114,892 | -€21,118 | -15.5% |
| Equity | 10/15 | €71,463 | €50,914 | -€20,549 | -28.8% |
| Contributions | 10/11 | €174,368 | €174,368 | = | 0.0% |
| Capital | 10 | €174,368 | €174,368 | = | 0.0% |
| Issued capital | 100 | €174,368 | €174,368 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€102,905 | -€123,454 | -€20,549 | -20.0% |
| Amounts payable | 17/49 | €64,546 | €63,978 | -€569 | -0.9% |
| Amounts payable within one year | 42/48 | €64,546 | €63,978 | -€569 | -0.9% |
| Trade debts | 44 | €569 | €0 | -€569 | -99.9% |
| Suppliers | 440/4 | €569 | €0 | -€569 | -99.9% |
| Other amounts payable | 47/48 | €63,978 | €63,978 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,810 | €11,810 | = | 0.0% |
| Other operating charges | 640/8 | €3,098 | €2,944 | -€154 | -5.0% |
| Gross operating margin | 9900 | -€5,858 | -€5,607 | +€251 | +4.3% |
| Operating profit (loss) | 9901 | -€20,766 | -€20,361 | +€405 | +1.9% |
| Financial charges | 65/66B | €172 | €188 | +€16 | +9.2% |
| Recurring financial charges | 65 | €172 | €188 | +€16 | +9.2% |
| Profit (loss) for the period before taxes | 9903 | -€20,938 | -€20,549 | +€389 | +1.9% |
| Income taxes | 67/77 | €332 | - | -€332 | |
| Profit (loss) for the period | 9904 | -€21,271 | -€20,549 | +€721 | +3.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,271 | -€20,549 | +€721 | +3.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.