ANI.QUIES: 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.
ANI.QUIES
Largest movements
- Current investments +€25,918
up €25,918 (+25.8%), from €100,513 to €126,431
- Tangible fixed assets -€18,861
down €18,861 (-23.0%), from €81,826 to €62,966
of which Furniture and vehicles: -€12,526
- Cash +€4,318
up €4,318 (+23.6%), from €18,332 to €22,649
mainly Depreciation (+€18,861) and Net result for the year (+€11,154)
- Receivables within one year -€2,420
down €2,420 (-9.2%), from €26,175 to €23,755
of which Trade receivables: -€1,450
- Reserves +€11,100
up €11,100 (+6.2%), from €180,400 to €191,500
- Trade debts -€3,706
down €3,706 (-28.9%), from €12,836 to €9,130
- Gross operating margin -€6,341
down €6,341 (-15.0%), from €42,350 to €36,010
- Depreciation -€6,221
down €6,221 (-24.8%), from €25,082 to €18,861
- Financial income +€863
up €863 (+65.2%), from €1,324 to €2,187
- Taxes +€498
up €498 (+10.5%), from €4,726 to €5,224
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 | €229,363 | €238,222 | +€8,858 | +3.9% |
| Fixed assets | 21/28 | €82,276 | €63,416 | -€18,861 | -22.9% |
| Tangible fixed assets | 22/27 | €81,826 | €62,966 | -€18,861 | -23.0% |
| Land and buildings | 22 | €50,085 | €44,377 | -€5,708 | -11.4% |
| Plant, machinery and equipment | 23 | €1,558 | €932 | -€626 | -40.2% |
| Furniture and vehicles | 24 | €30,182 | €17,656 | -€12,526 | -41.5% |
| Financial fixed assets | 28 | €450 | €450 | = | 0.0% |
| Current assets | 29/58 | €147,087 | €174,806 | +€27,719 | +18.8% |
| Stocks and contracts in progress | 3 | €400 | €186 | -€214 | -53.4% |
| Stocks | 30/36 | €400 | €186 | -€214 | -53.4% |
| Amounts receivable within one year | 40/41 | €26,175 | €23,755 | -€2,420 | -9.2% |
| Trade receivables | 40 | €24,544 | €23,093 | -€1,450 | -5.9% |
| Other amounts receivable | 41 | €1,631 | €661 | -€970 | -59.5% |
| Current investments | 50/53 | €100,513 | €126,431 | +€25,918 | +25.8% |
| Cash at bank and in hand | 54/58 | €18,332 | €22,649 | +€4,318 | +23.6% |
| Deferred charges and accrued income | 490/1 | €1,669 | €1,785 | +€117 | +7.0% |
| Total equity and liabilities | 10/49 | €229,363 | €238,222 | +€8,858 | +3.9% |
| Equity | 10/15 | €198,031 | €208,614 | +€10,583 | +5.3% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €180,400 | €191,500 | +€11,100 | +6.2% |
| Distributable reserves | 133 | €180,400 | €191,500 | +€11,100 | +6.2% |
| Profit (loss) carried forward | 14 | €123 | €176 | +€54 | +43.9% |
| Investment grants | 15 | €5,009 | €4,438 | -€571 | -11.4% |
| Amounts payable | 17/49 | €31,332 | €29,608 | -€1,725 | -5.5% |
| Amounts payable within one year | 42/48 | €30,569 | €28,647 | -€1,922 | -6.3% |
| Trade debts | 44 | €12,836 | €9,130 | -€3,706 | -28.9% |
| Suppliers | 440/4 | €12,836 | €9,130 | -€3,706 | -28.9% |
| Taxes, remuneration and social security | 45 | €6,549 | €6,382 | -€167 | -2.5% |
| Taxes | 450/3 | €6,549 | €5,582 | -€967 | -14.8% |
| Remuneration and social security | 454/9 | - | €800 | +€800 | |
| Other amounts payable | 47/48 | €11,184 | €13,135 | +€1,951 | +17.4% |
| Accrued charges and deferred income | 492/3 | €763 | €960 | +€197 | +25.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,082 | €18,861 | -€6,221 | -24.8% |
| Other operating charges | 640/8 | €1,912 | €1,685 | -€227 | -11.9% |
| Gross operating margin | 9900 | €42,350 | €36,010 | -€6,341 | -15.0% |
| Operating profit (loss) | 9901 | €15,357 | €15,464 | +€107 | +0.7% |
| Financial income | 75/76B | €1,324 | €2,187 | +€863 | +65.2% |
| Recurring financial income | 75 | €1,324 | €2,187 | +€863 | +65.2% |
| Financial charges | 65/66B | €1,010 | €1,274 | +€264 | +26.2% |
| Recurring financial charges | 65 | €1,010 | €1,274 | +€264 | +26.2% |
| Profit (loss) for the period before taxes | 9903 | €15,671 | €16,378 | +€706 | +4.5% |
| Income taxes | 67/77 | €4,726 | €5,224 | +€498 | +10.5% |
| Profit (loss) for the period | 9904 | €10,946 | €11,154 | +€208 | +1.9% |
| Profit (loss) for the period to be appropriated | 9905 | €10,946 | €11,154 | +€208 | +1.9% |
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 26 October 2026 via checked.be.