ANJY: 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.
ANJY
Largest movements
- Current investments +€423,908
up €423,908 (+222%), from €191,219 to €615,127
- Receivables within one year -€153,596
down €153,596 (-94.7%), from €162,180 to €8,584
of which Other amounts receivable: -€150,050
- Cash -€146,881
down €146,881 (-30.5%), from €482,051 to €335,170
mainly Current investments (-€423,908) and Debts after one year (-€20,070)
- Tangible fixed assets -€58,067
down €58,067 (-3.1%), from €1.9m to €1.8m
of which Land and buildings: -€52,864
- Reserves +€71,234
up €71,234 (+4.9%), from €1.4m to €1.5m
of which Distributable reserves: +€80,779
- Depreciation -€17,590
down €17,590 (-23.2%), from €75,657 to €58,067
- Financial income +€15,453
up €15,453 (+592%), from €2,610 to €18,063
- Gross operating margin +€12,334
up €12,334 (+7.3%), from €169,704 to €182,038
- Taxes +€9,505
up €9,505 (+54.3%), from €17,507 to €27,013
- Financial charges +€3,833
up €3,833 (+11.1%), from €34,657 to €38,490
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 | €3,155,529 | €3,221,228 | +€65,699 | +2.1% |
| Fixed assets | 21/28 | €2,316,063 | €2,257,997 | -€58,067 | -2.5% |
| Tangible fixed assets | 22/27 | €1,866,303 | €1,808,237 | -€58,067 | -3.1% |
| Land and buildings | 22 | €1,843,468 | €1,790,604 | -€52,864 | -2.9% |
| Plant, machinery and equipment | 23 | €22,835 | €17,633 | -€5,203 | -22.8% |
| Financial fixed assets | 28 | €449,760 | €449,760 | = | 0.0% |
| Current assets | 29/58 | €839,466 | €963,232 | +€123,766 | +14.7% |
| Amounts receivable within one year | 40/41 | €162,180 | €8,584 | -€153,596 | -94.7% |
| Trade receivables | 40 | €3,546 | €0 | -€3,546 | -100% |
| Other amounts receivable | 41 | €158,634 | €8,584 | -€150,050 | -94.6% |
| Current investments | 50/53 | €191,219 | €615,127 | +€423,908 | +222% |
| Cash at bank and in hand | 54/58 | €482,051 | €335,170 | -€146,881 | -30.5% |
| Deferred charges and accrued income | 490/1 | €4,017 | €4,352 | +€335 | +8.3% |
| Total equity and liabilities | 10/49 | €3,155,529 | €3,221,228 | +€65,699 | +2.1% |
| Equity | 10/15 | €2,291,546 | €2,362,781 | +€71,234 | +3.1% |
| Contributions | 10/11 | €850,000 | €850,000 | = | 0.0% |
| Capital | 10 | €850,000 | €850,000 | = | 0.0% |
| Issued capital | 100 | €850,000 | €850,000 | = | 0.0% |
| Reserves | 13 | €1,441,546 | €1,512,781 | +€71,234 | +4.9% |
| Non-distributable reserves | 130/1 | €85,000 | €85,000 | = | 0.0% |
| Legal reserve | 130 | €85,000 | €85,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €147,289 | €137,745 | -€9,545 | -6.5% |
| Distributable reserves | 133 | €1,209,257 | €1,290,036 | +€80,779 | +6.7% |
| Provisions and deferred taxes | 16 | €49,096 | €44,678 | -€4,419 | -9.0% |
| Deferred taxes | 168 | €49,096 | €44,678 | -€4,419 | -9.0% |
| Amounts payable | 17/49 | €814,886 | €813,770 | -€1,117 | -0.1% |
| Amounts payable after more than one year | 17 | €101,849 | €81,779 | -€20,070 | -19.7% |
| Financial debts | 170/4 | €101,849 | €81,779 | -€20,070 | -19.7% |
| Amounts payable within one year | 42/48 | €713,038 | €731,991 | +€18,953 | +2.7% |
| Current portion of amounts payable after more than one year | 42 | €19,922 | €20,070 | +€148 | +0.7% |
| Trade debts | 44 | €455 | €241 | -€213 | -46.9% |
| Suppliers | 440/4 | €455 | €241 | -€213 | -46.9% |
| Other amounts payable | 47/48 | €692,661 | €711,680 | +€19,019 | +2.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,657 | €58,067 | -€17,590 | -23.2% |
| Other operating charges | 640/8 | €9,489 | €9,716 | +€228 | +2.4% |
| Gross operating margin | 9900 | €169,704 | €182,038 | +€12,334 | +7.3% |
| Operating profit (loss) | 9901 | €84,559 | €114,255 | +€29,697 | +35.1% |
| Financial income | 75/76B | €2,610 | €18,063 | +€15,453 | +592% |
| Recurring financial income | 75 | €2,610 | €18,063 | +€15,453 | +592% |
| Financial charges | 65/66B | €34,657 | €38,490 | +€3,833 | +11.1% |
| Recurring financial charges | 65 | €34,657 | €38,490 | +€3,833 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | €52,512 | €93,828 | +€41,317 | +78.7% |
| Transfer from deferred taxes | 780 | €13,256 | €13,963 | +€707 | +5.3% |
| Income taxes | 67/77 | €17,507 | €27,013 | +€9,505 | +54.3% |
| Profit (loss) for the period | 9904 | €48,261 | €80,779 | +€32,518 | +67.4% |
| Transfer from tax-exempt reserves | 789 | €4,419 | €0 | -€4,419 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €52,680 | €80,779 | +€28,099 | +53.3% |
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 19 October 2026 via checked.be.