ANLU: 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.
ANLU
Largest movements
- Tangible fixed assets -€36,914
down €36,914 (-10.6%), from €349,301 to €312,387
- Cash +€4,768
up €4,768 (+49.6%), from €9,611 to €14,380
mainly Depreciation (+€36,914) and Current portion of long-term debt (+€1,120)
- Debts after one year -€31,816
down €31,816 (-19.1%), from €166,649 to €134,834
- Gross operating margin -€432
down €432 (-1.1%), from €39,638 to €39,206
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 | €396,691 | €364,206 | -€32,485 | -8.2% |
| Fixed assets | 21/28 | €350,351 | €313,437 | -€36,914 | -10.5% |
| Tangible fixed assets | 22/27 | €349,301 | €312,387 | -€36,914 | -10.6% |
| Land and buildings | 22 | €349,301 | €312,387 | -€36,914 | -10.6% |
| Financial fixed assets | 28 | €1,050 | €1,050 | = | 0.0% |
| Current assets | 29/58 | €46,339 | €50,768 | +€4,429 | +9.6% |
| Amounts receivable within one year | 40/41 | €36,374 | €36,374 | = | 0.0% |
| Other amounts receivable | 41 | €36,374 | €36,374 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €9,611 | €14,380 | +€4,768 | +49.6% |
| Deferred charges and accrued income | 490/1 | €354 | €15 | -€339 | -95.9% |
| Total equity and liabilities | 10/49 | €396,691 | €364,206 | -€32,485 | -8.2% |
| Equity | 10/15 | €83,871 | €80,593 | -€3,278 | -3.9% |
| Contributions | 10/11 | €50,200 | €50,200 | = | 0.0% |
| Reserves | 13 | €33,671 | €30,393 | -€3,278 | -9.7% |
| Distributable reserves | 133 | €33,671 | €30,393 | -€3,278 | -9.7% |
| Amounts payable | 17/49 | €312,820 | €283,613 | -€29,208 | -9.3% |
| Amounts payable after more than one year | 17 | €166,649 | €134,834 | -€31,816 | -19.1% |
| Financial debts | 170/4 | €166,649 | €134,834 | -€31,816 | -19.1% |
| Amounts payable within one year | 42/48 | €146,171 | €148,254 | +€2,083 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €39,905 | €41,026 | +€1,120 | +2.8% |
| Trade debts | 44 | €300 | €1,406 | +€1,106 | +369% |
| Suppliers | 440/4 | €300 | €1,406 | +€1,106 | +369% |
| Other amounts payable | 47/48 | €105,965 | €105,822 | -€144 | -0.1% |
| Accrued charges and deferred income | 492/3 | - | €525 | +€525 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,045 | €36,914 | -€131 | -0.4% |
| Other operating charges | 640/8 | €2,581 | €2,662 | +€81 | +3.1% |
| Gross operating margin | 9900 | €39,638 | €39,206 | -€432 | -1.1% |
| Operating profit (loss) | 9901 | €13 | -€370 | -€382 | |
| Financial charges | 65/66B | €3,271 | €2,908 | -€363 | -11.1% |
| Recurring financial charges | 65 | €3,271 | €2,908 | -€363 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | -€3,258 | -€3,278 | -€20 | -0.6% |
| Profit (loss) for the period | 9904 | -€3,258 | -€3,278 | -€20 | -0.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,258 | -€3,278 | -€20 | -0.6% |
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 17 October 2026 via checked.be.