ANJOMA: 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.
ANJOMA
Largest movements
- Receivables within one year +€62,528
up €62,528 (+117.8%), from €53,092 to €115,620
of which Trade receivables: +€57,714
- Stocks and contracts -€57,714
no longer reported in 2025 (was €57,714)
- Tangible fixed assets -€16,593
down €16,593 (-4.2%), from €397,876 to €381,283
of which Land and buildings: -€40,725
- Debts after one year -€14,973
down €14,973 (-6.3%), from €236,393 to €221,420
- Profit (loss) carried forward -€12,356
down €12,356 (-8.6%), from -€144,220 to -€156,576
- Trade debts +€8,597
up €8,597 (+201.2%), from €4,273 to €12,870
- Current portion of long-term debt +€5,419
up €5,419 (+37.7%), from €14,383 to €19,802
- Write-downs -€34,849
no longer reported in 2025 (was €34,849)
- Gross operating margin -€34,214
down €34,214 (-89.1%), from €38,409 to €4,195
- Financial charges +€587
up €587 (+14.5%), from €4,032 to €4,619
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 | €509,682 | €497,903 | -€11,779 | -2.3% |
| Fixed assets | 21/28 | €397,876 | €381,283 | -€16,593 | -4.2% |
| Tangible fixed assets | 22/27 | €397,876 | €381,283 | -€16,593 | -4.2% |
| Land and buildings | 22 | €397,876 | €357,151 | -€40,725 | -10.2% |
| Plant, machinery and equipment | 23 | - | €4,415 | +€4,415 | |
| Furniture and vehicles | 24 | - | €19,717 | +€19,717 | |
| Current assets | 29/58 | €111,807 | €116,620 | +€4,814 | +4.3% |
| Stocks and contracts in progress | 3 | €57,714 | - | -€57,714 | |
| Stocks | 30/36 | €57,714 | - | -€57,714 | |
| Amounts receivable within one year | 40/41 | €53,092 | €115,620 | +€62,528 | +117.8% |
| Trade receivables | 40 | €38,211 | €95,925 | +€57,714 | +151.0% |
| Other amounts receivable | 41 | €14,881 | €19,695 | +€4,814 | +32.3% |
| Cash at bank and in hand | 54/58 | €1,000 | €1,000 | = | 0.0% |
| Total equity and liabilities | 10/49 | €509,682 | €497,903 | -€11,779 | -2.3% |
| Equity | 10/15 | €32,349 | €16,361 | -€15,989 | -49.4% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €114,070 | €110,437 | -€3,633 | -3.2% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Tax-exempt reserves | 132 | €66,598 | €62,966 | -€3,633 | -5.5% |
| Distributable reserves | 133 | €41,221 | €41,221 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€144,220 | -€156,576 | -€12,356 | -8.6% |
| Provisions and deferred taxes | 16 | €44,399 | €41,977 | -€2,422 | -5.5% |
| Deferred taxes | 168 | €44,399 | €41,977 | -€2,422 | -5.5% |
| Amounts payable | 17/49 | €432,934 | €439,565 | +€6,631 | +1.5% |
| Amounts payable after more than one year | 17 | €236,393 | €221,420 | -€14,973 | -6.3% |
| Financial debts | 170/4 | €236,393 | €221,420 | -€14,973 | -6.3% |
| Amounts payable within one year | 42/48 | €196,541 | €218,146 | +€21,604 | +11.0% |
| Current portion of amounts payable after more than one year | 42 | €14,383 | €19,802 | +€5,419 | +37.7% |
| Financial debts | 43 | €22,661 | €25,781 | +€3,120 | +13.8% |
| Credit institutions | 430/8 | €22,661 | €25,781 | +€3,120 | +13.8% |
| Trade debts | 44 | €4,273 | €12,870 | +€8,597 | +201.2% |
| Suppliers | 440/4 | €4,273 | €12,870 | +€8,597 | +201.2% |
| Taxes, remuneration and social security | 45 | - | €401 | +€401 | |
| Taxes | 450/3 | - | €401 | +€401 | |
| Other amounts payable | 47/48 | €155,224 | €159,292 | +€4,068 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,774 | €16,593 | -€181 | -1.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €34,849 | - | -€34,849 | |
| Other operating charges | 640/8 | €1,693 | €1,737 | +€44 | +2.6% |
| Gross operating margin | 9900 | €38,409 | €4,195 | -€34,214 | -89.1% |
| Operating profit (loss) | 9901 | -€14,907 | -€14,134 | +€773 | +5.2% |
| Financial income | 75/76B | €721 | €724 | +€3 | +0.4% |
| Recurring financial income | 75 | €721 | €724 | +€3 | +0.4% |
| Financial charges | 65/66B | €4,032 | €4,619 | +€587 | +14.5% |
| Recurring financial charges | 65 | €4,032 | €4,619 | +€587 | +14.5% |
| Profit (loss) for the period before taxes | 9903 | -€18,218 | -€18,029 | +€189 | +1.0% |
| Transfer from deferred taxes | 780 | €2,422 | €2,422 | = | 0.0% |
| Income taxes | 67/77 | €374 | €382 | +€8 | +2.1% |
| Profit (loss) for the period | 9904 | -€16,170 | -€15,989 | +€181 | +1.1% |
| Transfer from tax-exempt reserves | 789 | €3,633 | €3,633 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,537 | -€12,356 | +€181 | +1.4% |
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 2 October 2026 via checked.be.