ANLY: 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.
ANLY
Largest movements
- Stocks and contracts +€144,731
up €144,731 (+36.6%), from €395,269 to €540,000
- Intangible fixed assets -€36,570
down €36,570 (-23.8%), from €153,759 to €117,189
- Tangible fixed assets -€33,708
down €33,708 (-7.7%), from €440,348 to €406,640
of which Plant, machinery and equipment: -€20,209
- Receivables within one year -€19,166
down €19,166 (-3.1%), from €621,945 to €602,779
of which Trade receivables: -€17,823
- Trade debts +€148,841
up €148,841 (+43.6%), from €341,110 to €489,950
- Debts after one year -€97,192
down €97,192 (-38.0%), from €255,742 to €158,550
- Staff costs +€48,019
up €48,019 (+11.3%), from €426,285 to €474,304
- Gross operating margin +€30,100
up €30,100 (+4.9%), from €611,679 to €641,778
- Taxes +€7,131
up €7,131 (+34.8%), from €20,510 to €27,642
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 | €1,841,127 | €1,879,113 | +€37,986 | +2.1% |
| Fixed assets | 21/28 | €607,133 | €536,854 | -€70,279 | -11.6% |
| Intangible fixed assets | 21 | €153,759 | €117,189 | -€36,570 | -23.8% |
| Tangible fixed assets | 22/27 | €440,348 | €406,640 | -€33,708 | -7.7% |
| Land and buildings | 22 | €302,118 | €286,392 | -€15,726 | -5.2% |
| Plant, machinery and equipment | 23 | €70,044 | €49,836 | -€20,209 | -28.9% |
| Furniture and vehicles | 24 | €68,186 | €70,412 | +€2,226 | +3.3% |
| Financial fixed assets | 28 | €13,025 | €13,025 | = | 0.0% |
| Current assets | 29/58 | €1,233,994 | €1,342,259 | +€108,264 | +8.8% |
| Stocks and contracts in progress | 3 | €395,269 | €540,000 | +€144,731 | +36.6% |
| Stocks | 30/36 | €395,269 | €540,000 | +€144,731 | +36.6% |
| Amounts receivable within one year | 40/41 | €621,945 | €602,779 | -€19,166 | -3.1% |
| Trade receivables | 40 | €231,057 | €213,234 | -€17,823 | -7.7% |
| Other amounts receivable | 41 | €390,888 | €389,545 | -€1,343 | -0.3% |
| Cash at bank and in hand | 54/58 | €215,033 | €199,082 | -€15,951 | -7.4% |
| Deferred charges and accrued income | 490/1 | €1,747 | €398 | -€1,349 | -77.2% |
| Total equity and liabilities | 10/49 | €1,841,127 | €1,879,113 | +€37,986 | +2.1% |
| Equity | 10/15 | €919,873 | €928,631 | +€8,758 | +1.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €901,281 | €910,039 | +€8,758 | +1.0% |
| Distributable reserves | 133 | €901,281 | €910,039 | +€8,758 | +1.0% |
| Amounts payable | 17/49 | €921,254 | €950,482 | +€29,228 | +3.2% |
| Amounts payable after more than one year | 17 | €255,742 | €158,550 | -€97,192 | -38.0% |
| Financial debts | 170/4 | €255,742 | €158,550 | -€97,192 | -38.0% |
| Amounts payable within one year | 42/48 | €659,323 | €785,693 | +€126,370 | +19.2% |
| Current portion of amounts payable after more than one year | 42 | €138,180 | €127,289 | -€10,891 | -7.9% |
| Financial debts | 43 | €10,000 | €10,000 | = | 0.0% |
| Credit institutions | 430/8 | €10,000 | €10,000 | = | 0.0% |
| Trade debts | 44 | €341,110 | €489,950 | +€148,841 | +43.6% |
| Suppliers | 440/4 | €341,110 | €489,950 | +€148,841 | +43.6% |
| Taxes, remuneration and social security | 45 | €131,868 | €129,049 | -€2,819 | -2.1% |
| Taxes | 450/3 | €59,520 | €107,955 | +€48,434 | +81.4% |
| Remuneration and social security | 454/9 | €72,347 | €21,094 | -€51,253 | -70.8% |
| Other amounts payable | 47/48 | €38,165 | €29,404 | -€8,761 | -23.0% |
| Accrued charges and deferred income | 492/3 | €6,189 | €6,239 | +€50 | +0.8% |
| Remuneration, social security and pensions | 62 | €426,285 | €474,304 | +€48,019 | +11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €106,869 | €105,175 | -€1,695 | -1.6% |
| Other operating charges | 640/8 | €7,543 | €8,242 | +€700 | +9.3% |
| Gross operating margin | 9900 | €611,679 | €641,778 | +€30,100 | +4.9% |
| Operating profit (loss) | 9901 | €70,982 | €54,058 | -€16,924 | -23.8% |
| Financial income | 75/76B | €2,414 | €335 | -€2,080 | -86.1% |
| Recurring financial income | 75 | €2,414 | €335 | -€2,080 | -86.1% |
| Financial charges | 65/66B | €21,866 | €17,994 | -€3,873 | -17.7% |
| Recurring financial charges | 65 | €21,866 | €17,994 | -€3,873 | -17.7% |
| Profit (loss) for the period before taxes | 9903 | €51,530 | €36,399 | -€15,130 | -29.4% |
| Income taxes | 67/77 | €20,510 | €27,642 | +€7,131 | +34.8% |
| Profit (loss) for the period | 9904 | €31,019 | €8,758 | -€22,262 | -71.8% |
| Profit (loss) for the period to be appropriated | 9905 | €31,019 | €8,758 | -€22,262 | -71.8% |
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 8 October 2026 via checked.be.