ANJO: 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.
ANJO
Largest movements
- Cash +€100,485
new in 2025: €100,485
mainly Current investments (+€73,926) and Depreciation (+€34,577)
- Current investments -€73,926
no longer reported in 2025 (was €73,926)
- Tangible fixed assets -€26,796
down €26,796 (-28.2%), from €95,177 to €68,382
of which Other tangible fixed assets: -€81,046
- Deferred charges and accrued income -€14,399
down €14,399 (-58.3%), from €24,687 to €10,288
- Receivables within one year -€6,210
down €6,210 (-7.6%), from €81,694 to €75,485
of which Other amounts receivable: -€8,167
- Debts after one year -€18,235
down €18,235 (-14.7%), from €124,051 to €105,816
- Short-term financial debts -€8,807
no longer reported in 2025 (was €8,807)
- Profit (loss) carried forward +€4,847
up €4,847 (+6.7%), from €72,135 to €76,982
- Current portion of long-term debt +€3,673
up €3,673 (+16.4%), from €22,364 to €26,037
- Gross operating margin -€23,081
down €23,081 (-17.3%), from €133,109 to €110,028
- Taxes -€12,282
down €12,282 (-72.3%), from €16,979 to €4,697
- Other operating charges +€8,582
up €8,582 (+145.9%), from €5,884 to €14,465
- Staff costs +€5,782
up €5,782 (+15.8%), from €36,706 to €42,488
- Financial income -€3,350
down €3,350 (-99.0%), from €3,384 to €35
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 | €285,485 | €267,799 | -€17,686 | -6.2% |
| Fixed assets | 21/28 | €95,177 | €68,382 | -€26,796 | -28.2% |
| Tangible fixed assets | 22/27 | €95,177 | €68,382 | -€26,796 | -28.2% |
| Plant, machinery and equipment | 23 | €4,887 | €3,464 | -€1,422 | -29.1% |
| Furniture and vehicles | 24 | €2,014 | €59,133 | +€57,119 | +2836.6% |
| Leasing and similar rights | 25 | €7,231 | €5,785 | -€1,446 | -20.0% |
| Other tangible fixed assets | 26 | €81,046 | - | -€81,046 | |
| Current assets | 29/58 | €190,307 | €199,417 | +€9,110 | +4.8% |
| Stocks and contracts in progress | 3 | €10,000 | €13,159 | +€3,159 | +31.6% |
| Stocks | 30/36 | €10,000 | €13,159 | +€3,159 | +31.6% |
| Amounts receivable within one year | 40/41 | €81,694 | €75,485 | -€6,210 | -7.6% |
| Trade receivables | 40 | €862 | €2,820 | +€1,958 | +227.1% |
| Other amounts receivable | 41 | €80,832 | €72,665 | -€8,167 | -10.1% |
| Current investments | 50/53 | €73,926 | - | -€73,926 | |
| Cash at bank and in hand | 54/58 | - | €100,485 | +€100,485 | |
| Deferred charges and accrued income | 490/1 | €24,687 | €10,288 | -€14,399 | -58.3% |
| Total equity and liabilities | 10/49 | €285,485 | €267,799 | -€17,686 | -6.2% |
| Equity | 10/15 | €100,195 | €105,042 | +€4,847 | +4.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €21,860 | €21,860 | = | 0.0% |
| 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 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €72,135 | €76,982 | +€4,847 | +6.7% |
| Amounts payable | 17/49 | €185,290 | €162,757 | -€22,533 | -12.2% |
| Amounts payable after more than one year | 17 | €124,051 | €105,816 | -€18,235 | -14.7% |
| Financial debts | 170/4 | €124,051 | €105,816 | -€18,235 | -14.7% |
| Amounts payable within one year | 42/48 | €61,239 | €56,941 | -€4,298 | -7.0% |
| Current portion of amounts payable after more than one year | 42 | €22,364 | €26,037 | +€3,673 | +16.4% |
| Financial debts | 43 | €8,807 | - | -€8,807 | |
| Credit institutions | 430/8 | €8,807 | - | -€8,807 | |
| Trade debts | 44 | €22,711 | €21,604 | -€1,107 | -4.9% |
| Suppliers | 440/4 | €22,711 | €21,604 | -€1,107 | -4.9% |
| Taxes, remuneration and social security | 45 | €7,357 | €9,300 | +€1,943 | +26.4% |
| Taxes | 450/3 | €3,635 | - | -€3,635 | |
| Remuneration and social security | 454/9 | €3,722 | €9,300 | +€5,578 | +149.8% |
| Non-recurring operating income | 76A | €10,000 | - | -€10,000 | |
| Remuneration, social security and pensions | 62 | €36,706 | €42,488 | +€5,782 | +15.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,030 | €34,577 | +€1,547 | +4.7% |
| Other operating charges | 640/8 | €5,884 | €14,465 | +€8,582 | +145.9% |
| Gross operating margin | 9900 | €133,109 | €110,028 | -€23,081 | -17.3% |
| Operating profit (loss) | 9901 | €57,490 | €18,498 | -€38,992 | -67.8% |
| Financial income | 75/76B | €3,384 | €35 | -€3,350 | -99.0% |
| Recurring financial income | 75 | €3,384 | €35 | -€3,350 | -99.0% |
| Financial charges | 65/66B | €9,501 | €8,988 | -€513 | -5.4% |
| Recurring financial charges | 65 | €9,501 | €8,988 | -€513 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | €51,374 | €9,544 | -€41,829 | -81.4% |
| Income taxes | 67/77 | €16,979 | €4,697 | -€12,282 | -72.3% |
| Profit (loss) for the period | 9904 | €34,395 | €4,847 | -€29,548 | -85.9% |
| Profit (loss) for the period to be appropriated | 9905 | €34,395 | €4,847 | -€29,548 | -85.9% |
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 5 October 2026 via checked.be.