Anifad: 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.
Anifad
Largest movements
- Current investments +€80,000
new in 2025: €80,000
- Cash -€45,424
down €45,424 (-48.2%), from €94,145 to €48,721
mainly Contributions, distributions and other (-€88,416) and Current investments (-€80,000)
- Receivables within one year +€2,752
up €2,752 (+3.8%), from €73,275 to €76,027
of which Trade receivables: +€2,752
- Other debts +€18,678
up €18,678 (+31.5%), from €59,294 to €77,972
- Profit (loss) carried forward +€16,121
up €16,121 (+18.2%), from €88,416 to €104,537
- Gross operating margin +€45,933
up €45,933 (+49.6%), from €92,599 to €138,532
- Taxes +€11,383
up €11,383 (+59.7%), from €19,055 to €30,438
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 | €174,619 | €210,012 | +€35,393 | +20.3% |
| Fixed assets | 21/28 | €5,390 | €3,294 | -€2,096 | -38.9% |
| Tangible fixed assets | 22/27 | €5,390 | €3,294 | -€2,096 | -38.9% |
| Plant, machinery and equipment | 23 | €78 | - | -€78 | |
| Furniture and vehicles | 24 | €5,312 | €3,294 | -€2,018 | -38.0% |
| Current assets | 29/58 | €169,229 | €206,718 | +€37,489 | +22.2% |
| Amounts receivable within one year | 40/41 | €73,275 | €76,027 | +€2,752 | +3.8% |
| Trade receivables | 40 | €72,330 | €75,082 | +€2,752 | +3.8% |
| Other amounts receivable | 41 | €945 | €945 | = | 0.0% |
| Current investments | 50/53 | - | €80,000 | +€80,000 | |
| Cash at bank and in hand | 54/58 | €94,145 | €48,721 | -€45,424 | -48.2% |
| Deferred charges and accrued income | 490/1 | €1,809 | €1,970 | +€161 | +8.9% |
| Total equity and liabilities | 10/49 | €174,619 | €210,012 | +€35,393 | +20.3% |
| Equity | 10/15 | €96,476 | €112,597 | +€16,121 | +16.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €88,416 | €104,537 | +€16,121 | +18.2% |
| Amounts payable | 17/49 | €78,143 | €97,415 | +€19,272 | +24.7% |
| Amounts payable within one year | 42/48 | €78,143 | €97,415 | +€19,272 | +24.7% |
| Trade debts | 44 | €2,232 | €2,615 | +€384 | +17.2% |
| Suppliers | 440/4 | €2,232 | €2,615 | +€384 | +17.2% |
| Taxes, remuneration and social security | 45 | €16,617 | €16,828 | +€211 | +1.3% |
| Taxes | 450/3 | €11,098 | €9,320 | -€1,778 | -16.0% |
| Remuneration and social security | 454/9 | €5,519 | €7,508 | +€1,989 | +36.0% |
| Other amounts payable | 47/48 | €59,294 | €77,972 | +€18,678 | +31.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,655 | €2,096 | +€441 | +26.6% |
| Other operating charges | 640/8 | €1,236 | €1,184 | -€52 | -4.2% |
| Gross operating margin | 9900 | €92,599 | €138,532 | +€45,933 | +49.6% |
| Operating profit (loss) | 9901 | €89,708 | €135,252 | +€45,544 | +50.8% |
| Financial income | 75/76B | €13 | €0 | -€12 | -96.3% |
| Recurring financial income | 75 | €13 | €0 | -€12 | -96.3% |
| Financial charges | 65/66B | €63 | €277 | +€215 | +342% |
| Recurring financial charges | 65 | €63 | €277 | +€215 | +342% |
| Profit (loss) for the period before taxes | 9903 | €89,657 | €134,975 | +€45,317 | +50.5% |
| Income taxes | 67/77 | €19,055 | €30,438 | +€11,383 | +59.7% |
| Profit (loss) for the period | 9904 | €70,603 | €104,537 | +€33,934 | +48.1% |
| Profit (loss) for the period to be appropriated | 9905 | €70,603 | €104,537 | +€33,934 | +48.1% |
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 21 October 2026 via checked.be.