Anjo-Invest: 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.
Anjo-Invest
Largest movements
- Receivables after one year +€1.5m
new in 2025: €1.5m
- Cash -€1.1m
down €1.1m (-98.7%), from €1.1m to €14,643
mainly Receivables after one year (-€1.5m) and Contributions, distributions and other (-€300,000)
- Receivables within one year -€404,670
down €404,670 (-91.0%), from €444,670 to €40,000
- Reserves +€241,902
up €241,902 (+12.7%), from €1.9m to €2.1m
of which Distributable reserves: +€241,902
- Other debts -€200,146
down €200,146 (-39.6%), from €505,382 to €305,236
- Financial income -€350,419
down €350,419 (-42.2%), from €830,165 to €479,746
- Taxes -€4,082
down €4,082 (-15.2%), from €26,938 to €22,856
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 | €2,582,494 | €2,602,975 | +€20,481 | +0.8% |
| Fixed assets | 21/28 | €1,048,332 | €1,048,332 | = | 0.0% |
| Tangible fixed assets | 22/27 | €440,993 | €440,993 | = | 0.0% |
| Land and buildings | 22 | €440,993 | €440,993 | = | 0.0% |
| Financial fixed assets | 28 | €607,339 | €607,339 | = | 0.0% |
| Current assets | 29/58 | €1,534,162 | €1,554,643 | +€20,481 | +1.3% |
| Amounts receivable after more than one year | 29 | - | €1,500,000 | +€1.5m | |
| Other amounts receivable | 291 | - | €1,500,000 | +€1.5m | |
| Amounts receivable within one year | 40/41 | €444,670 | €40,000 | -€404,670 | -91.0% |
| Other amounts receivable | 41 | €444,670 | €40,000 | -€404,670 | -91.0% |
| Cash at bank and in hand | 54/58 | €1,089,491 | €14,643 | -€1.1m | -98.7% |
| Total equity and liabilities | 10/49 | €2,582,494 | €2,602,975 | +€20,481 | +0.8% |
| Equity | 10/15 | €2,054,758 | €2,296,661 | +€241,902 | +11.8% |
| Contributions | 10/11 | €152,702 | €152,702 | = | 0.0% |
| Capital | 10 | €152,702 | €152,702 | = | 0.0% |
| Issued capital | 100 | €152,702 | €152,702 | = | 0.0% |
| Reserves | 13 | €1,902,056 | €2,143,958 | +€241,902 | +12.7% |
| Non-distributable reserves | 130/1 | €15,270 | €15,270 | = | 0.0% |
| Legal reserve | 130 | €15,270 | €15,270 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,511 | €10,511 | = | 0.0% |
| Distributable reserves | 133 | €1,876,275 | €2,118,177 | +€241,902 | +12.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €527,735 | €306,314 | -€221,421 | -42.0% |
| Amounts payable within one year | 42/48 | €527,735 | €306,314 | -€221,421 | -42.0% |
| Taxes, remuneration and social security | 45 | €22,353 | €1,078 | -€21,275 | -95.2% |
| Taxes | 450/3 | €22,353 | €1,078 | -€21,275 | -95.2% |
| Other amounts payable | 47/48 | €505,382 | €305,236 | -€200,146 | -39.6% |
| Other operating charges | 640/8 | €29,223 | €30,130 | +€907 | +3.1% |
| Gross operating margin | 9900 | €115,775 | €115,568 | -€207 | -0.2% |
| Operating profit (loss) | 9901 | €86,552 | €85,438 | -€1,114 | -1.3% |
| Financial income | 75/76B | €830,165 | €479,746 | -€350,419 | -42.2% |
| Recurring financial income | 75 | €830,165 | €479,746 | -€350,419 | -42.2% |
| Financial charges | 65/66B | €317 | €426 | +€110 | +34.6% |
| Recurring financial charges | 65 | €317 | €426 | +€110 | +34.6% |
| Profit (loss) for the period before taxes | 9903 | €916,401 | €564,758 | -€351,643 | -38.4% |
| Income taxes | 67/77 | €26,938 | €22,856 | -€4,082 | -15.2% |
| Profit (loss) for the period | 9904 | €889,463 | €541,902 | -€347,561 | -39.1% |
| Profit (loss) for the period to be appropriated | 9905 | €889,463 | €541,902 | -€347,561 | -39.1% |
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 20 October 2026 via checked.be.