ANIDRO: 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.
ANIDRO
Largest movements
- Stocks and contracts +€66,222
up €66,222 (+13.8%), from €480,799 to €547,022
- Cash -€50,231
down €50,231 (-20.6%), from €244,155 to €193,923
mainly Stocks and contracts (-€66,222) and Contributions, distributions and other (-€39,000)
- Reserves +€23,355
up €23,355 (+3.9%), from €603,141 to €626,496
of which Distributable reserves: +€23,355
- Trade debts -€11,094
down €11,094 (-72.2%), from €15,372 to €4,278
- Gross operating margin -€5,564
down €5,564 (-5.8%), from €96,591 to €91,027
- Depreciation +€1,651
up €1,651 (+20.5%), from €8,069 to €9,720
- Taxes -€1,435
down €1,435 (-19.2%), from €7,460 to €6,025
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 | €921,783 | €938,385 | +€16,602 | +1.8% |
| Fixed assets | 21/28 | €177,988 | €184,824 | +€6,835 | +3.8% |
| Tangible fixed assets | 22/27 | €177,988 | €184,824 | +€6,835 | +3.8% |
| Land and buildings | 22 | €177,262 | €184,478 | +€7,216 | +4.1% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | €726 | €346 | -€381 | -52.4% |
| Current assets | 29/58 | €743,794 | €753,562 | +€9,767 | +1.3% |
| Stocks and contracts in progress | 3 | €480,799 | €547,022 | +€66,222 | +13.8% |
| Stocks | 30/36 | €480,799 | €547,022 | +€66,222 | +13.8% |
| Amounts receivable within one year | 40/41 | €18,840 | €11,735 | -€7,106 | -37.7% |
| Trade receivables | 40 | €18,222 | €11,535 | -€6,688 | -36.7% |
| Other amounts receivable | 41 | €618 | €200 | -€418 | -67.6% |
| Cash at bank and in hand | 54/58 | €244,155 | €193,923 | -€50,231 | -20.6% |
| Deferred charges and accrued income | 490/1 | - | €882 | +€882 | |
| Total equity and liabilities | 10/49 | €921,783 | €938,385 | +€16,602 | +1.8% |
| Equity | 10/15 | €615,541 | €638,896 | +€23,355 | +3.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €603,141 | €626,496 | +€23,355 | +3.9% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €601,282 | €624,637 | +€23,355 | +3.9% |
| Amounts payable | 17/49 | €306,241 | €299,489 | -€6,752 | -2.2% |
| Amounts payable within one year | 42/48 | €306,241 | €299,489 | -€6,752 | -2.2% |
| Trade debts | 44 | €15,372 | €4,278 | -€11,094 | -72.2% |
| Suppliers | 440/4 | €15,372 | €4,278 | -€11,094 | -72.2% |
| Taxes, remuneration and social security | 45 | €16,303 | €16,922 | +€619 | +3.8% |
| Taxes | 450/3 | €16,303 | €16,922 | +€619 | +3.8% |
| Other amounts payable | 47/48 | €274,566 | €278,289 | +€3,723 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,069 | €9,720 | +€1,651 | +20.5% |
| Other operating charges | 640/8 | €804 | €688 | -€116 | -14.5% |
| Gross operating margin | 9900 | €96,591 | €91,027 | -€5,564 | -5.8% |
| Operating profit (loss) | 9901 | €87,718 | €80,619 | -€7,099 | -8.1% |
| Financial income | 75/76B | €58 | €860 | +€802 | +1388.3% |
| Recurring financial income | 75 | €58 | €860 | +€802 | +1388.3% |
| Financial charges | 65/66B | €12,797 | €13,100 | +€303 | +2.4% |
| Recurring financial charges | 65 | €12,797 | €13,100 | +€303 | +2.4% |
| Profit (loss) for the period before taxes | 9903 | €74,978 | €68,379 | -€6,599 | -8.8% |
| Income taxes | 67/77 | €7,460 | €6,025 | -€1,435 | -19.2% |
| Profit (loss) for the period | 9904 | €67,519 | €62,355 | -€5,164 | -7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €67,519 | €62,355 | -€5,164 | -7.6% |
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 30 September 2026 via checked.be.