ANJA: 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.
What changed
ANJA
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€24,905
2024 · -€27,213+€52,118
Equity
€5.4m
2024 · €5.4m+€24,906
Cash
€54,852
2024 · €82,551-€27,699
Balance sheet total
€11.0m
2024 · €8.3m+€2.7m
Largest movements
Assets
- Tangible fixed assets +€2.2m
up €2.2m (+30.6%), from €7.3m to €9.5m
of which Land and buildings: +€2.2m
- Receivables after one year +€445,256
new in 2025: €445,256
Equity and liabilities
- Debts after one year +€2.1m
up €2.1m (+166.7%), from €1.3m to €3.4m
- Short-term financial debts +€618,778
up €618,778 (+65.4%), from €945,513 to €1.6m
Income statement
- Gross operating margin +€137,533
up €137,533 (+26.5%), from €518,578 to €656,111
- Depreciation +€50,853
up €50,853 (+12.3%), from €413,648 to €464,501
- Financial charges +€28,419
up €28,419 (+34.3%), from €82,804 to €111,223
- Other operating charges +€8,742
up €8,742 (+17.7%), from €49,461 to €58,203
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.
Result 2024
-€27,213
Gross operating margin
+€137,533
Depreciation
-€50,853
Other operating charges
-€8,742
Financial income
+€2,555
Financial charges
-€28,419
Taxes
+€44
Result 2025
€24,905
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.
From operations
-€51,261
Investment
-€2.7m
Financing
+€2.7m
Cash 2024
€82,551
From operations (derived)
-€51,261
Net result for the year
+€24,905
Depreciation
+€464,501
Receivables after one year
-€445,256
Receivables within one year
-€11,208
Deferred charges and accrued income
-€7,370
Trade debts
-€68,801
Smaller working-capital items
-€8,032
Investment (derived)
-€2.7m
Investment in fixed assets (net)
-€2.7m
Financing
+€2.7m
Debts after one year
+€2.1m
Current portion of long-term debt
-€37,118
Short-term financial debts
+€618,778
Contributions, distributions and other
+€1
Cash 2025
€54,852
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,348,683 | €11,016,763 | +€2.7m | +32.0% |
| Fixed assets | 21/28 | €8,219,947 | €10,451,892 | +€2.2m | +27.2% |
| Intangible fixed assets | 21 | €9,161 | €4,997 | -€4,164 | -45.5% |
| Tangible fixed assets | 22/27 | €7,305,019 | €9,541,128 | +€2.2m | +30.6% |
| Land and buildings | 22 | €7,223,033 | €9,430,028 | +€2.2m | +30.6% |
| Furniture and vehicles | 24 | €81,986 | €111,100 | +€29,114 | +35.5% |
| Financial fixed assets | 28 | €905,767 | €905,767 | = | 0.0% |
| Current assets | 29/58 | €128,736 | €564,871 | +€436,135 | +338.8% |
| Amounts receivable after more than one year | 29 | - | €445,256 | +€445,256 | |
| Trade receivables | 290 | - | €445,256 | +€445,256 | |
| Amounts receivable within one year | 40/41 | €3,884 | €15,092 | +€11,208 | +288.6% |
| Trade receivables | 40 | €3,884 | €15,092 | +€11,208 | +288.6% |
| Cash at bank and in hand | 54/58 | €82,551 | €54,852 | -€27,699 | -33.6% |
| Deferred charges and accrued income | 490/1 | €42,301 | €49,671 | +€7,370 | +17.4% |
| Total equity and liabilities | 10/49 | €8,348,683 | €11,016,763 | +€2.7m | +32.0% |
| Equity | 10/15 | €5,366,142 | €5,391,048 | +€24,906 | +0.5% |
| Contributions | 10/11 | €7,098,538 | €7,098,538 | = | 0.0% |
| Capital | 10 | €7,098,538 | €7,098,538 | = | 0.0% |
| Issued capital | 100 | €7,098,538 | €7,098,538 | = | 0.0% |
| Reserves | 13 | €102,151 | €102,151 | = | 0.0% |
| Non-distributable reserves | 130/1 | €43,713 | €43,713 | = | 0.0% |
| Legal reserve | 130 | €43,713 | €43,713 | = | 0.0% |
| Distributable reserves | 133 | €58,438 | €58,438 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,834,547 | -€1,809,641 | +€24,906 | +1.4% |
| Amounts payable | 17/49 | €2,982,541 | €5,625,715 | +€2.6m | +88.6% |
| Amounts payable after more than one year | 17 | €1,282,573 | €3,420,920 | +€2.1m | +166.7% |
| Financial debts | 170/4 | €1,282,573 | €3,420,920 | +€2.1m | +166.7% |
| Amounts payable within one year | 42/48 | €1,693,169 | €2,202,795 | +€509,626 | +30.1% |
| Current portion of amounts payable after more than one year | 42 | €456,268 | €419,150 | -€37,118 | -8.1% |
| Financial debts | 43 | €945,513 | €1,564,291 | +€618,778 | +65.4% |
| Other loans | 439 | €945,513 | €1,564,291 | +€618,778 | +65.4% |
| Trade debts | 44 | €249,177 | €180,376 | -€68,801 | -27.6% |
| Suppliers | 440/4 | €249,177 | €180,376 | -€68,801 | -27.6% |
| Other amounts payable | 47/48 | €42,211 | €38,978 | -€3,233 | -7.7% |
| Accrued charges and deferred income | 492/3 | €6,799 | €2,000 | -€4,799 | -70.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €413,648 | €464,501 | +€50,853 | +12.3% |
| Other operating charges | 640/8 | €49,461 | €58,203 | +€8,742 | +17.7% |
| Gross operating margin | 9900 | €518,578 | €656,111 | +€137,533 | +26.5% |
| Operating profit (loss) | 9901 | €55,469 | €133,407 | +€77,938 | +140.5% |
| Financial income | 75/76B | €174 | €2,729 | +€2,555 | +1468.4% |
| Recurring financial income | 75 | €174 | €2,729 | +€2,555 | +1468.4% |
| Financial charges | 65/66B | €82,804 | €111,223 | +€28,419 | +34.3% |
| Recurring financial charges | 65 | €82,804 | €111,223 | +€28,419 | +34.3% |
| Profit (loss) for the period before taxes | 9903 | -€27,161 | €24,913 | +€52,074 | |
| Income taxes | 67/77 | €52 | €8 | -€44 | -84.6% |
| Profit (loss) for the period | 9904 | -€27,213 | €24,905 | +€52,118 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,213 | €24,905 | +€52,118 |
Source: filed annual accounts (NBB), fiscal years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.