ANIVAN: 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.
ANIVAN
Largest movements
- Cash -€104,642
down €104,642 (-26.1%), from €401,109 to €296,467
mainly Contributions, distributions and other (-€215,080) and Investment in fixed assets (net) (-€64,783)
- Receivables within one year -€35,661
down €35,661 (-40.5%), from €87,951 to €52,291
of which Trade receivables: -€37,878
- Stocks and contracts +€18,546
up €18,546 (+7.6%), from €244,546 to €263,092
- Reserves -€190,595
down €190,595 (-33.3%), from €572,513 to €381,918
- Other debts +€126,233
up €126,233 (+234.8%), from €53,753 to €179,986
- Debts after one year -€41,124
down €41,124 (-16.4%), from €250,472 to €209,348
- Accrued charges and deferred income -€29,521
down €29,521 (-96.5%), from €30,591 to €1,070
- Tax, wage and social debts +€13,918
up €13,918 (+54.9%), from €25,328 to €39,246
of which Taxes: +€12,645
- Gross operating margin -€43,199
down €43,199 (-19.3%), from €223,692 to €180,493
- Provisions +€32,240
no longer reported in 2025 (was -€32,240)
- Taxes -€22,727
down €22,727 (-68.1%), from €33,350 to €10,623
- Staff costs +€8,231
up €8,231 (+19.2%), from €42,964 to €51,196
- Depreciation +€2,854
up €2,854 (+3.8%), from €75,022 to €77,876
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 | €1,337,202 | €1,202,975 | -€134,227 | -10.0% |
| Fixed assets | 21/28 | €592,680 | €579,587 | -€13,093 | -2.2% |
| Tangible fixed assets | 22/27 | €592,680 | €579,587 | -€13,093 | -2.2% |
| Land and buildings | 22 | €524,757 | €477,560 | -€47,197 | -9.0% |
| Plant, machinery and equipment | 23 | €41,934 | €31,216 | -€10,718 | -25.6% |
| Furniture and vehicles | 24 | €25,989 | €70,811 | +€44,821 | +172.5% |
| Current assets | 29/58 | €744,522 | €623,388 | -€121,134 | -16.3% |
| Stocks and contracts in progress | 3 | €244,546 | €263,092 | +€18,546 | +7.6% |
| Stocks | 30/36 | €244,546 | €263,092 | +€18,546 | +7.6% |
| Amounts receivable within one year | 40/41 | €87,951 | €52,291 | -€35,661 | -40.5% |
| Trade receivables | 40 | €80,792 | €42,914 | -€37,878 | -46.9% |
| Other amounts receivable | 41 | €7,159 | €9,377 | +€2,217 | +31.0% |
| Cash at bank and in hand | 54/58 | €401,109 | €296,467 | -€104,642 | -26.1% |
| Deferred charges and accrued income | 490/1 | €10,915 | €11,539 | +€623 | +5.7% |
| Total equity and liabilities | 10/49 | €1,337,202 | €1,202,975 | -€134,227 | -10.0% |
| Equity | 10/15 | €890,513 | €699,918 | -€190,595 | -21.4% |
| Contributions | 10/11 | €318,000 | €318,000 | = | 0.0% |
| Reserves | 13 | €572,513 | €381,918 | -€190,595 | -33.3% |
| Distributable reserves | 133 | €572,513 | €381,918 | -€190,595 | -33.3% |
| Amounts payable | 17/49 | €446,688 | €503,057 | +€56,368 | +12.6% |
| Amounts payable after more than one year | 17 | €250,472 | €209,348 | -€41,124 | -16.4% |
| Financial debts | 170/4 | €250,472 | €209,348 | -€41,124 | -16.4% |
| Amounts payable within one year | 42/48 | €165,626 | €292,638 | +€127,012 | +76.7% |
| Current portion of amounts payable after more than one year | 42 | €42,123 | €41,124 | -€1,000 | -2.4% |
| Trade debts | 44 | €42,936 | €32,283 | -€10,653 | -24.8% |
| Suppliers | 440/4 | €42,936 | €32,283 | -€10,653 | -24.8% |
| Advances received on contracts in progress | 46 | €1,486 | - | -€1,486 | |
| Taxes, remuneration and social security | 45 | €25,328 | €39,246 | +€13,918 | +54.9% |
| Taxes | 450/3 | €13,809 | €26,454 | +€12,645 | +91.6% |
| Remuneration and social security | 454/9 | €11,519 | €12,792 | +€1,272 | +11.0% |
| Other amounts payable | 47/48 | €53,753 | €179,986 | +€126,233 | +234.8% |
| Accrued charges and deferred income | 492/3 | €30,591 | €1,070 | -€29,521 | -96.5% |
| Non-recurring operating income | 76A | €2,715 | - | -€2,715 | |
| Remuneration, social security and pensions | 62 | €42,964 | €51,196 | +€8,231 | +19.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,022 | €77,876 | +€2,854 | +3.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€32,240 | - | +€32,240 | |
| Other operating charges | 640/8 | €4,779 | €5,710 | +€931 | +19.5% |
| Gross operating margin | 9900 | €223,692 | €180,493 | -€43,199 | -19.3% |
| Operating profit (loss) | 9901 | €133,167 | €45,711 | -€87,455 | -65.7% |
| Financial income | 75/76B | €536 | €590 | +€55 | +10.2% |
| Recurring financial income | 75 | €536 | €590 | +€55 | +10.2% |
| Financial charges | 65/66B | €13,785 | €11,193 | -€2,592 | -18.8% |
| Recurring financial charges | 65 | €13,785 | €11,193 | -€2,592 | -18.8% |
| Profit (loss) for the period before taxes | 9903 | €119,917 | €35,108 | -€84,809 | -70.7% |
| Income taxes | 67/77 | €33,350 | €10,623 | -€22,727 | -68.1% |
| Profit (loss) for the period | 9904 | €86,567 | €24,485 | -€62,082 | -71.7% |
| Profit (loss) for the period to be appropriated | 9905 | €86,567 | €24,485 | -€62,082 | -71.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.