ANJOKI: 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.
ANJOKI
Largest movements
- Tangible fixed assets +€917,774
up €917,774 (+24.3%), from €3.8m to €4.7m
of which Land and buildings: +€939,230
- Cash -€284,333
down €284,333 (-43.7%), from €650,917 to €366,584
mainly Investment in fixed assets (net) (-€1.1m) and Short-term financial debts (-€744,347)
- Stocks and contracts +€241,536
up €241,536 (+534.7%), from €45,172 to €286,707
- Receivables within one year -€171,592
down €171,592 (-35.7%), from €481,280 to €309,687
of which Trade receivables: -€355,332
- Short-term financial debts -€744,347
down €744,347 (-81.1%), from €917,547 to €173,199
- Debts after one year +€686,800
up €686,800 (+26.7%), from €2.6m to €3.3m
- Profit (loss) carried forward +€586,213
up €586,213 (+51.6%), from €1.1m to €1.7m
- Trade debts +€99,941
up €99,941 (+27.1%), from €368,739 to €468,680
- Other operating charges +€127,566
up €127,566 (+858.3%), from €14,862 to €142,428
- Gross operating margin -€58,451
down €58,451 (-4.1%), from €1.4m to €1.4m
- Taxes -€43,995
down €43,995 (-17.8%), from €247,790 to €203,795
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 | €5,259,367 | €5,959,318 | +€699,951 | +13.3% |
| Fixed assets | 21/28 | €4,000,902 | €4,906,411 | +€905,509 | +22.6% |
| Intangible fixed assets | 21 | €228,325 | €215,925 | -€12,400 | -5.4% |
| Tangible fixed assets | 22/27 | €3,772,477 | €4,690,251 | +€917,774 | +24.3% |
| Land and buildings | 22 | €3,375,808 | €4,315,038 | +€939,230 | +27.8% |
| Plant, machinery and equipment | 23 | €361,670 | €319,757 | -€41,913 | -11.6% |
| Furniture and vehicles | 24 | €34,999 | €55,456 | +€20,457 | +58.5% |
| Financial fixed assets | 28 | €100 | €235 | +€135 | +135.0% |
| Current assets | 29/58 | €1,258,465 | €1,052,907 | -€205,559 | -16.3% |
| Stocks and contracts in progress | 3 | €45,172 | €286,707 | +€241,536 | +534.7% |
| Stocks | 30/36 | €45,172 | €286,707 | +€241,536 | +534.7% |
| Amounts receivable within one year | 40/41 | €481,280 | €309,687 | -€171,592 | -35.7% |
| Trade receivables | 40 | €447,425 | €92,093 | -€355,332 | -79.4% |
| Other amounts receivable | 41 | €33,855 | €217,594 | +€183,739 | +542.7% |
| Cash at bank and in hand | 54/58 | €650,917 | €366,584 | -€284,333 | -43.7% |
| Deferred charges and accrued income | 490/1 | €81,097 | €89,928 | +€8,831 | +10.9% |
| Total equity and liabilities | 10/49 | €5,259,367 | €5,959,318 | +€699,951 | +13.3% |
| Equity | 10/15 | €1,158,982 | €1,745,195 | +€586,213 | +50.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,136,982 | €1,723,195 | +€586,213 | +51.6% |
| Amounts payable | 17/49 | €4,100,385 | €4,214,123 | +€113,737 | +2.8% |
| Amounts payable after more than one year | 17 | €2,568,159 | €3,254,959 | +€686,800 | +26.7% |
| Financial debts | 170/4 | €2,568,159 | €3,254,959 | +€686,800 | +26.7% |
| Amounts payable within one year | 42/48 | €1,494,713 | €902,916 | -€591,798 | -39.6% |
| Current portion of amounts payable after more than one year | 42 | €189,431 | €245,817 | +€56,387 | +29.8% |
| Financial debts | 43 | €917,547 | €173,199 | -€744,347 | -81.1% |
| Other loans | 439 | €917,547 | €173,199 | -€744,347 | -81.1% |
| Trade debts | 44 | €368,739 | €468,680 | +€99,941 | +27.1% |
| Suppliers | 440/4 | €368,739 | €468,680 | +€99,941 | +27.1% |
| Taxes, remuneration and social security | 45 | €18,997 | €15,219 | -€3,778 | -19.9% |
| Taxes | 450/3 | €15,211 | €8,798 | -€6,413 | -42.2% |
| Remuneration and social security | 454/9 | €3,786 | €6,421 | +€2,635 | +69.6% |
| Accrued charges and deferred income | 492/3 | €37,513 | €56,248 | +€18,735 | +49.9% |
| Remuneration, social security and pensions | 62 | €64,963 | €71,125 | +€6,162 | +9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €235,241 | €233,498 | -€1,743 | -0.7% |
| Other operating charges | 640/8 | €14,862 | €142,428 | +€127,566 | +858.3% |
| Non-recurring operating charges | 66A | €772 | €33,235 | +€32,463 | +4207.8% |
| Gross operating margin | 9900 | €1,428,425 | €1,369,974 | -€58,451 | -4.1% |
| Operating profit (loss) | 9901 | €1,112,588 | €889,688 | -€222,900 | -20.0% |
| Financial income | 75/76B | €543 | €4,780 | +€4,237 | +781.0% |
| Recurring financial income | 75 | €543 | €4,780 | +€4,237 | +781.0% |
| Financial charges | 65/66B | €111,484 | €104,459 | -€7,025 | -6.3% |
| Recurring financial charges | 65 | €111,484 | €104,459 | -€7,025 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €1,001,646 | €790,009 | -€211,637 | -21.1% |
| Income taxes | 67/77 | €247,790 | €203,795 | -€43,995 | -17.8% |
| Profit (loss) for the period | 9904 | €753,856 | €586,213 | -€167,643 | -22.2% |
| Profit (loss) for the period to be appropriated | 9905 | €753,856 | €586,213 | -€167,643 | -22.2% |
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 9 October 2026 via checked.be.