ANIXER PROJECTS: 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.
ANIXER PROJECTS
Largest movements
- Cash +€25,977
up €25,977 (+148%), from €17,559 to €43,536
mainly Net result for the year (+€36,025) and Depreciation (+€10,670)
- Tangible fixed assets -€10,183
down €10,183 (-37.3%), from €27,271 to €17,089
of which Furniture and vehicles: -€10,183
- Receivables within one year -€9,100
down €9,100 (-7.0%), from €130,040 to €120,939
of which Trade receivables: -€16,381
- Reserves +€10,175
up €10,175 (+5.7%), from €178,171 to €188,345
of which Distributable reserves: +€10,175
- Other debts +€9,669
up €9,669 (+59.8%), from €16,182 to €25,850
- Debts after one year -€8,885
down €8,885 (-62.9%), from €14,117 to €5,232
- Gross operating margin +€18,118
up €18,118 (+40.0%), from €45,294 to €63,412
- Taxes +€6,511
up €6,511 (+60.8%), from €10,708 to €17,219
- Financial charges -€2,485
down €2,485 (-37.8%), from €6,573 to €4,088
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 | €315,363 | €322,630 | +€7,267 | +2.3% |
| Fixed assets | 21/28 | €127,271 | €117,089 | -€10,183 | -8.0% |
| Tangible fixed assets | 22/27 | €27,271 | €17,089 | -€10,183 | -37.3% |
| Furniture and vehicles | 24 | €26,421 | €16,239 | -€10,183 | -38.5% |
| Other tangible fixed assets | 26 | €850 | €850 | = | 0.0% |
| Financial fixed assets | 28 | €100,000 | €100,000 | = | 0.0% |
| Current assets | 29/58 | €188,092 | €205,542 | +€17,450 | +9.3% |
| Amounts receivable after more than one year | 29 | €35,000 | €35,000 | = | 0.0% |
| Other amounts receivable | 291 | €35,000 | €35,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €130,040 | €120,939 | -€9,100 | -7.0% |
| Trade receivables | 40 | €55,167 | €38,786 | -€16,381 | -29.7% |
| Other amounts receivable | 41 | €74,872 | €82,153 | +€7,281 | +9.7% |
| Cash at bank and in hand | 54/58 | €17,559 | €43,536 | +€25,977 | +148% |
| Deferred charges and accrued income | 490/1 | €5,493 | €6,066 | +€574 | +10.4% |
| Total equity and liabilities | 10/49 | €315,363 | €322,630 | +€7,267 | +2.3% |
| Equity | 10/15 | €184,371 | €194,545 | +€10,175 | +5.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €178,171 | €188,345 | +€10,175 | +5.7% |
| 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 | €176,311 | €186,485 | +€10,175 | +5.8% |
| Amounts payable | 17/49 | €130,992 | €128,085 | -€2,907 | -2.2% |
| Amounts payable after more than one year | 17 | €14,117 | €5,232 | -€8,885 | -62.9% |
| Financial debts | 170/4 | €14,117 | €5,232 | -€8,885 | -62.9% |
| Amounts payable within one year | 42/48 | €113,530 | €120,299 | +€6,768 | +6.0% |
| Current portion of amounts payable after more than one year | 42 | €8,780 | €8,885 | +€105 | +1.2% |
| Financial debts | 43 | €79,000 | €79,000 | = | 0.0% |
| Credit institutions | 430/8 | €79,000 | €79,000 | = | 0.0% |
| Trade debts | 44 | €2,699 | €79 | -€2,621 | -97.1% |
| Suppliers | 440/4 | €2,699 | €79 | -€2,621 | -97.1% |
| Taxes, remuneration and social security | 45 | €6,869 | €6,485 | -€384 | -5.6% |
| Taxes | 450/3 | €6,869 | €6,485 | -€384 | -5.6% |
| Other amounts payable | 47/48 | €16,182 | €25,850 | +€9,669 | +59.8% |
| Accrued charges and deferred income | 492/3 | €3,345 | €2,555 | -€791 | -23.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,793 | €10,670 | -€123 | -1.1% |
| Other operating charges | 640/8 | €759 | €794 | +€35 | +4.6% |
| Gross operating margin | 9900 | €45,294 | €63,412 | +€18,118 | +40.0% |
| Operating profit (loss) | 9901 | €33,742 | €51,949 | +€18,207 | +54.0% |
| Financial income | 75/76B | €5,564 | €5,383 | -€180 | -3.2% |
| Recurring financial income | 75 | €5,564 | €5,383 | -€180 | -3.2% |
| Financial charges | 65/66B | €6,573 | €4,088 | -€2,485 | -37.8% |
| Recurring financial charges | 65 | €6,573 | €4,088 | -€2,485 | -37.8% |
| Profit (loss) for the period before taxes | 9903 | €32,732 | €53,244 | +€20,511 | +62.7% |
| Income taxes | 67/77 | €10,708 | €17,219 | +€6,511 | +60.8% |
| Profit (loss) for the period | 9904 | €22,025 | €36,025 | +€14,000 | +63.6% |
| Profit (loss) for the period to be appropriated | 9905 | €22,025 | €36,025 | +€14,000 | +63.6% |
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 15 October 2026 via checked.be.