ANJEDO: 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.
ANJEDO
Largest movements
- Tangible fixed assets +€124,847
up €124,847 (+11.6%), from €1.1m to €1.2m
of which Land and buildings: +€125,436
- Cash -€86,153
down €86,153 (-64.2%), from €134,130 to €47,977
mainly Investment in fixed assets (net) (-€188,637) and Debts after one year (-€19,861)
- Receivables within one year -€24,004
down €24,004 (-13.6%), from €176,625 to €152,621
of which Other amounts receivable: -€38,043
- Debts after one year -€19,861
down €19,861 (-3.2%), from €625,124 to €605,263
- Reserves +€15,489
up €15,489 (+2.3%), from €675,878 to €691,367
- Depreciation -€49,380
down €49,380 (-41.2%), from €119,774 to €70,394
- Gross operating margin -€28,119
down €28,119 (-19.2%), from €146,217 to €118,099
- Taxes +€6,591
up €6,591 (+170%), from €3,882 to €10,473
- Other operating charges +€1,557
up €1,557 (+25.4%), from €6,131 to €7,688
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 | €1,403,198 | €1,410,382 | +€7,183 | +0.5% |
| Fixed assets | 21/28 | €1,086,940 | €1,205,183 | +€118,243 | +10.9% |
| Tangible fixed assets | 22/27 | €1,072,693 | €1,197,540 | +€124,847 | +11.6% |
| Land and buildings | 22 | €1,071,241 | €1,196,676 | +€125,436 | +11.7% |
| Furniture and vehicles | 24 | €1,453 | €864 | -€589 | -40.5% |
| Financial fixed assets | 28 | €14,247 | €7,643 | -€6,604 | -46.4% |
| Current assets | 29/58 | €316,258 | €205,198 | -€111,060 | -35.1% |
| Amounts receivable within one year | 40/41 | €176,625 | €152,621 | -€24,004 | -13.6% |
| Trade receivables | 40 | €44,105 | €58,144 | +€14,039 | +31.8% |
| Other amounts receivable | 41 | €132,520 | €94,477 | -€38,043 | -28.7% |
| Cash at bank and in hand | 54/58 | €134,130 | €47,977 | -€86,153 | -64.2% |
| Deferred charges and accrued income | 490/1 | €5,503 | €4,601 | -€902 | -16.4% |
| Total equity and liabilities | 10/49 | €1,403,198 | €1,410,382 | +€7,183 | +0.5% |
| Equity | 10/15 | €694,478 | €709,967 | +€15,489 | +2.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Share premium | 1100/10 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €675,878 | €691,367 | +€15,489 | +2.3% |
| Distributable reserves | 133 | €675,878 | €691,367 | +€15,489 | +2.3% |
| Amounts payable | 17/49 | €708,720 | €700,414 | -€8,306 | -1.2% |
| Amounts payable after more than one year | 17 | €625,124 | €605,263 | -€19,861 | -3.2% |
| Financial debts | 170/4 | €625,124 | €605,263 | -€19,861 | -3.2% |
| Amounts payable within one year | 42/48 | €80,728 | €91,934 | +€11,206 | +13.9% |
| Current portion of amounts payable after more than one year | 42 | €60,857 | €67,639 | +€6,782 | +11.1% |
| Trade debts | 44 | €9,777 | €13,610 | +€3,833 | +39.2% |
| Suppliers | 440/4 | €9,777 | €13,610 | +€3,833 | +39.2% |
| Taxes, remuneration and social security | 45 | €8,428 | €9,019 | +€591 | +7.0% |
| Taxes | 450/3 | €8,428 | €9,019 | +€591 | +7.0% |
| Other amounts payable | 47/48 | €1,666 | €1,666 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,868 | €3,218 | +€349 | +12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €119,774 | €70,394 | -€49,380 | -41.2% |
| Other operating charges | 640/8 | €6,131 | €7,688 | +€1,557 | +25.4% |
| Gross operating margin | 9900 | €146,217 | €118,099 | -€28,119 | -19.2% |
| Operating profit (loss) | 9901 | €20,312 | €40,017 | +€19,705 | +97.0% |
| Financial income | 75/76B | €3,676 | €3,533 | -€142 | -3.9% |
| Recurring financial income | 75 | €3,676 | €3,533 | -€142 | -3.9% |
| Financial charges | 65/66B | €14,504 | €15,922 | +€1,418 | +9.8% |
| Recurring financial charges | 65 | €14,504 | €15,922 | +€1,418 | +9.8% |
| Profit (loss) for the period before taxes | 9903 | €9,484 | €27,629 | +€18,144 | +191% |
| Income taxes | 67/77 | €3,882 | €10,473 | +€6,591 | +170% |
| Profit (loss) for the period | 9904 | €5,602 | €17,155 | +€11,553 | +206% |
| Profit (loss) for the period to be appropriated | 9905 | €5,602 | €17,155 | +€11,553 | +206% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.