ANIFRA: 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.
ANIFRA
Largest movements
- Deferred charges and accrued income -€21,304
down €21,304 (-89.9%), from €23,700 to €2,397
- Cash -€18,818
down €18,818 (-26.9%), from €69,947 to €51,130
mainly Contributions, distributions and other (-€188,872) and Current investments (-€10,000)
- Receivables within one year -€16,650
down €16,650 (-42.4%), from €39,262 to €22,612
of which Other amounts receivable: -€30,689
- Current investments +€10,000
up €10,000 (+1.8%), from €556,423 to €566,423
- Reserves -€54,030
down €54,030 (-8.0%), from €676,187 to €622,158
of which Distributable reserves: -€54,030
- Other debts +€9,287
up €9,287, from €0 to €9,287
- Gross operating margin -€23,266
down €23,266 (-10.5%), from €220,688 to €197,423
- Financial income +€16,669
up €16,669 (+536.4%), from €3,107 to €19,776
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 | €708,930 | €660,167 | -€48,764 | -6.9% |
| Fixed assets | 21/28 | €19,597 | €17,604 | -€1,993 | -10.2% |
| Tangible fixed assets | 22/27 | €19,597 | €17,604 | -€1,993 | -10.2% |
| Land and buildings | 22 | €5,241 | €13,117 | +€7,876 | +150.3% |
| Furniture and vehicles | 24 | €14,356 | €4,487 | -€9,869 | -68.7% |
| Current assets | 29/58 | €689,333 | €642,562 | -€46,771 | -6.8% |
| Amounts receivable within one year | 40/41 | €39,262 | €22,612 | -€16,650 | -42.4% |
| Trade receivables | 40 | - | €14,039 | +€14,039 | |
| Other amounts receivable | 41 | €39,262 | €8,573 | -€30,689 | -78.2% |
| Current investments | 50/53 | €556,423 | €566,423 | +€10,000 | +1.8% |
| Cash at bank and in hand | 54/58 | €69,947 | €51,130 | -€18,818 | -26.9% |
| Deferred charges and accrued income | 490/1 | €23,700 | €2,397 | -€21,304 | -89.9% |
| Total equity and liabilities | 10/49 | €708,930 | €660,167 | -€48,764 | -6.9% |
| Equity | 10/15 | €694,787 | €640,758 | -€54,030 | -7.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €676,187 | €622,158 | -€54,030 | -8.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €674,327 | €620,298 | -€54,030 | -8.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €14,143 | €19,409 | +€5,266 | +37.2% |
| Amounts payable within one year | 42/48 | €14,143 | €19,409 | +€5,266 | +37.2% |
| Trade debts | 44 | €14,143 | €10,122 | -€4,021 | -28.4% |
| Suppliers | 440/4 | €14,143 | €10,122 | -€4,021 | -28.4% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | €9,287 | +€9,287 | |
| Remuneration, social security and pensions | 62 | €525 | €0 | -€525 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,881 | €11,199 | +€318 | +2.9% |
| Other operating charges | 640/8 | €1,255 | €2,964 | +€1,709 | +136.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €220,688 | €197,423 | -€23,266 | -10.5% |
| Operating profit (loss) | 9901 | €208,028 | €183,261 | -€24,768 | -11.9% |
| Financial income | 75/76B | €3,107 | €19,776 | +€16,669 | +536.4% |
| Recurring financial income | 75 | €3,107 | €19,776 | +€16,669 | +536.4% |
| Financial charges | 65/66B | €154 | €160 | +€6 | +3.8% |
| Recurring financial charges | 65 | €154 | €160 | +€6 | +3.8% |
| Profit (loss) for the period before taxes | 9903 | €210,982 | €202,877 | -€8,105 | -3.8% |
| Income taxes | 67/77 | €69,764 | €68,035 | -€1,729 | -2.5% |
| Profit (loss) for the period | 9904 | €141,218 | €134,842 | -€6,376 | -4.5% |
| Profit (loss) for the period to be appropriated | 9905 | €141,218 | €134,842 | -€6,376 | -4.5% |
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 9 October 2026 via checked.be.