ANI RED: 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 RED
Largest movements
- Receivables within one year +€292,948
up €292,948 (+74.0%), from €395,711 to €688,659
of which Other amounts receivable: +€297,154
- Tangible fixed assets -€47,217
down €47,217 (-10.9%), from €434,095 to €386,878
of which Furniture and vehicles: -€38,277
- Profit (loss) carried forward +€268,570
up €268,570 (+152%), from €176,759 to €445,329
- Debts after one year -€64,651
down €64,651 (-18.4%), from €352,003 to €287,352
- Trade debts +€61,010
up €61,010 (+36.6%), from €166,883 to €227,893
- Tax, wage and social debts -€54,599
no longer reported in 2025 (was €54,599)
- Current portion of long-term debt +€34,575
up €34,575 (+50.3%), from €68,689 to €103,264
- Gross operating margin +€278,025
up €278,025 (+32.1%), from €866,585 to €1.1m
- Staff costs +€60,874
up €60,874 (+8.3%), from €732,939 to €793,813
- Taxes -€56,487
no longer reported in 2025 (was €56,487)
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 | €831,533 | €1,076,438 | +€244,905 | +29.5% |
| Fixed assets | 21/28 | €434,095 | €386,878 | -€47,217 | -10.9% |
| Tangible fixed assets | 22/27 | €434,095 | €386,878 | -€47,217 | -10.9% |
| Land and buildings | 22 | €286,061 | €277,121 | -€8,940 | -3.1% |
| Furniture and vehicles | 24 | €148,034 | €109,757 | -€38,277 | -25.9% |
| Current assets | 29/58 | €397,438 | €689,560 | +€292,122 | +73.5% |
| Amounts receivable within one year | 40/41 | €395,711 | €688,659 | +€292,948 | +74.0% |
| Trade receivables | 40 | €166,950 | €162,744 | -€4,206 | -2.5% |
| Other amounts receivable | 41 | €228,761 | €525,915 | +€297,154 | +130% |
| Cash at bank and in hand | 54/58 | €1,727 | €901 | -€826 | -47.8% |
| Total equity and liabilities | 10/49 | €831,533 | €1,076,438 | +€244,905 | +29.5% |
| Equity | 10/15 | €189,359 | €457,929 | +€268,570 | +142% |
| Contributions | 10/11 | €12,600 | €12,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €176,759 | €445,329 | +€268,570 | +152% |
| Amounts payable | 17/49 | €642,174 | €618,509 | -€23,665 | -3.7% |
| Amounts payable after more than one year | 17 | €352,003 | €287,352 | -€64,651 | -18.4% |
| Financial debts | 170/4 | €352,003 | €287,352 | -€64,651 | -18.4% |
| Amounts payable within one year | 42/48 | €290,171 | €331,157 | +€40,986 | +14.1% |
| Current portion of amounts payable after more than one year | 42 | €68,689 | €103,264 | +€34,575 | +50.3% |
| Trade debts | 44 | €166,883 | €227,893 | +€61,010 | +36.6% |
| Suppliers | 440/4 | €166,883 | €227,893 | +€61,010 | +36.6% |
| Taxes, remuneration and social security | 45 | €54,599 | - | -€54,599 | |
| Remuneration and social security | 454/9 | €54,599 | - | -€54,599 | |
| Remuneration, social security and pensions | 62 | €732,939 | €793,813 | +€60,874 | +8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,209 | €50,771 | -€5,438 | -9.7% |
| Other operating charges | 640/8 | €32,050 | €24,007 | -€8,043 | -25.1% |
| Non-recurring operating charges | 66A | €7,624 | - | -€7,624 | |
| Gross operating margin | 9900 | €866,585 | €1,144,610 | +€278,025 | +32.1% |
| Operating profit (loss) | 9901 | €37,763 | €276,019 | +€238,256 | +631% |
| Financial income | 75/76B | - | €16 | +€16 | |
| Recurring financial income | 75 | - | €16 | +€16 | |
| Financial charges | 65/66B | €3,542 | €7,465 | +€3,923 | +111% |
| Recurring financial charges | 65 | €3,542 | €7,465 | +€3,923 | +111% |
| Profit (loss) for the period before taxes | 9903 | €34,221 | €268,570 | +€234,349 | +685% |
| Income taxes | 67/77 | €56,487 | - | -€56,487 | |
| Profit (loss) for the period | 9904 | -€22,266 | €268,570 | +€290,836 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,266 | €268,570 | +€290,836 |
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 13 October 2026 via checked.be.