Anil: 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.
Anil
Largest movements
- Tangible fixed assets -€15,460
down €15,460 (-3.6%), from €423,712 to €408,252
- Reserves +€60,192
up €60,192 (+13.3%), from €452,159 to €512,351
of which Distributable reserves: +€60,192
- Current portion of long-term debt -€31,544
down €31,544 (-32.4%), from €97,345 to €65,801
- Debts after one year -€23,801
down €23,801 (-3.1%), from €761,510 to €737,709
of which Financial debts: -€23,801
- Tax, wage and social debts -€22,602
down €22,602 (-42.9%), from €52,723 to €30,121
- Gross operating margin -€79,763
down €79,763 (-36.7%), from €217,371 to €137,609
- Taxes -€65,168
down €65,168 (-68.4%), from €95,290 to €30,121
- Depreciation -€2,813
down €2,813 (-15.4%), from €18,273 to €15,460
- Financial charges -€2,711
down €2,711 (-16.9%), from €16,083 to €13,372
- Other operating charges +€2,496
up €2,496 (+15.6%), from €15,968 to €18,464
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 | €1,445,091 | €1,421,439 | -€23,652 | -1.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €1,423,712 | €1,408,252 | -€15,460 | -1.1% |
| Tangible fixed assets | 22/27 | €423,712 | €408,252 | -€15,460 | -3.6% |
| Land and buildings | 22 | €423,712 | €408,252 | -€15,460 | -3.6% |
| Financial fixed assets | 28 | €1,000,000 | €1,000,000 | = | 0.0% |
| Current assets | 29/58 | €21,379 | €13,188 | -€8,192 | -38.3% |
| Amounts receivable within one year | 40/41 | - | €155 | +€155 | |
| Trade receivables | 40 | - | €155 | +€155 | |
| Cash at bank and in hand | 54/58 | €21,379 | €13,033 | -€8,346 | -39.0% |
| Total equity and liabilities | 10/49 | €1,445,091 | €1,421,439 | -€23,652 | -1.6% |
| Equity | 10/15 | €514,159 | €574,351 | +€60,192 | +11.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €452,159 | €512,351 | +€60,192 | +13.3% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €445,959 | €506,151 | +€60,192 | +13.5% |
| Amounts payable | 17/49 | €930,932 | €847,089 | -€83,843 | -9.0% |
| Amounts payable after more than one year | 17 | €761,510 | €737,709 | -€23,801 | -3.1% |
| Financial debts | 170/4 | €755,510 | €731,709 | -€23,801 | -3.2% |
| Other amounts payable | 178/9 | €6,000 | €6,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €158,241 | €102,938 | -€55,303 | -34.9% |
| Current portion of amounts payable after more than one year | 42 | €97,345 | €65,801 | -€31,544 | -32.4% |
| Trade debts | 44 | €1,141 | €0 | -€1,141 | -100.0% |
| Suppliers | 440/4 | €1,141 | €0 | -€1,141 | -100.0% |
| Taxes, remuneration and social security | 45 | €52,723 | €30,121 | -€22,602 | -42.9% |
| Taxes | 450/3 | €52,723 | €30,121 | -€22,602 | -42.9% |
| Other amounts payable | 47/48 | €7,032 | €7,016 | -€16 | -0.2% |
| Accrued charges and deferred income | 492/3 | €11,181 | €6,441 | -€4,740 | -42.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,273 | €15,460 | -€2,813 | -15.4% |
| Other operating charges | 640/8 | €15,968 | €18,464 | +€2,496 | +15.6% |
| Gross operating margin | 9900 | €217,371 | €137,609 | -€79,763 | -36.7% |
| Operating profit (loss) | 9901 | €183,131 | €103,685 | -€79,446 | -43.4% |
| Financial charges | 65/66B | €16,083 | €13,372 | -€2,711 | -16.9% |
| Recurring financial charges | 65 | €16,083 | €13,372 | -€2,711 | -16.9% |
| Profit (loss) for the period before taxes | 9903 | €167,048 | €90,313 | -€76,735 | -45.9% |
| Income taxes | 67/77 | €95,290 | €30,121 | -€65,168 | -68.4% |
| Profit (loss) for the period | 9904 | €71,758 | €60,192 | -€11,567 | -16.1% |
| Profit (loss) for the period to be appropriated | 9905 | €71,758 | €60,192 | -€11,567 | -16.1% |
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 4 October 2026 via checked.be.