ANM: 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.
ANM
Largest movements
- Cash -€107,266
down €107,266 (-54.9%), from €195,477 to €88,211
mainly Advances received (-€84,553) and Receivables within one year (-€29,384)
- Receivables within one year +€29,384
up €29,384 (+309%), from €9,510 to €38,894
of which Trade receivables: +€26,077
- Advances received -€84,553
down €84,553 (-50.1%), from €168,755 to €84,203
- Trade debts +€18,173
up €18,173 (+1,003%), from €1,812 to €19,986
- Debts after one year -€8,024
down €8,024 (-12.3%), from €65,390 to €57,366
- Tax, wage and social debts -€6,071
down €6,071 (-51.0%), from €11,913 to €5,842
of which Taxes: -€4,171
- Gross operating margin -€7,818
down €7,818 (-31.8%), from €24,553 to €16,734
- Taxes -€1,315
down €1,315 (-36.2%), from €3,633 to €2,318
- Financial income +€818
up €818 (+17,947%), from €5 to €823
- Depreciation +€755
up €755 (+9.6%), from €7,880 to €8,635
- Other operating charges +€549
up €549 (+37.9%), from €1,447 to €1,996
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 | €322,085 | €242,566 | -€79,519 | -24.7% |
| Fixed assets | 21/28 | €115,978 | €113,646 | -€2,332 | -2.0% |
| Tangible fixed assets | 22/27 | €115,978 | €113,596 | -€2,382 | -2.1% |
| Land and buildings | 22 | €107,276 | €103,398 | -€3,879 | -3.6% |
| Plant, machinery and equipment | 23 | €3,356 | €2,237 | -€1,119 | -33.3% |
| Furniture and vehicles | 24 | €4,908 | €7,936 | +€3,028 | +61.7% |
| Other tangible fixed assets | 26 | €438 | €25 | -€413 | -94.3% |
| Financial fixed assets | 28 | - | €50 | +€50 | |
| Current assets | 29/58 | €206,107 | €128,920 | -€77,187 | -37.4% |
| Amounts receivable within one year | 40/41 | €9,510 | €38,894 | +€29,384 | +309% |
| Trade receivables | 40 | €7,196 | €33,272 | +€26,077 | +362% |
| Other amounts receivable | 41 | €2,314 | €5,621 | +€3,307 | +143% |
| Cash at bank and in hand | 54/58 | €195,477 | €88,211 | -€107,266 | -54.9% |
| Deferred charges and accrued income | 490/1 | €1,120 | €1,815 | +€695 | +62.1% |
| Total equity and liabilities | 10/49 | €322,085 | €242,566 | -€79,519 | -24.7% |
| Equity | 10/15 | €64,595 | €67,145 | +€2,550 | +3.9% |
| Contributions | 10/11 | €33,000 | €33,000 | = | 0.0% |
| Reserves | 13 | €36,930 | €36,930 | = | 0.0% |
| Tax-exempt reserves | 132 | €16,930 | €16,930 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,336 | -€2,785 | +€2,550 | +47.8% |
| Amounts payable | 17/49 | €257,490 | €175,421 | -€82,069 | -31.9% |
| Amounts payable after more than one year | 17 | €65,390 | €57,366 | -€8,024 | -12.3% |
| Financial debts | 170/4 | €65,390 | €57,366 | -€8,024 | -12.3% |
| Amounts payable within one year | 42/48 | €192,100 | €118,055 | -€74,045 | -38.5% |
| Current portion of amounts payable after more than one year | 42 | €7,880 | €8,024 | +€144 | +1.8% |
| Trade debts | 44 | €1,812 | €19,986 | +€18,173 | +1,003% |
| Suppliers | 440/4 | €1,812 | €19,986 | +€18,173 | +1,003% |
| Advances received on contracts in progress | 46 | €168,755 | €84,203 | -€84,553 | -50.1% |
| Taxes, remuneration and social security | 45 | €11,913 | €5,842 | -€6,071 | -51.0% |
| Taxes | 450/3 | €10,013 | €5,842 | -€4,171 | -41.7% |
| Remuneration and social security | 454/9 | €1,900 | - | -€1,900 | |
| Other amounts payable | 47/48 | €1,739 | - | -€1,739 | |
| Remuneration, social security and pensions | 62 | - | €486 | +€486 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,880 | €8,635 | +€755 | +9.6% |
| Other operating charges | 640/8 | €1,447 | €1,996 | +€549 | +37.9% |
| Gross operating margin | 9900 | €24,553 | €16,734 | -€7,818 | -31.8% |
| Operating profit (loss) | 9901 | €15,226 | €5,618 | -€9,608 | -63.1% |
| Financial income | 75/76B | €5 | €823 | +€818 | +17,947% |
| Recurring financial income | 75 | €5 | €823 | +€818 | +17,947% |
| Financial charges | 65/66B | €1,766 | €1,573 | -€193 | -10.9% |
| Recurring financial charges | 65 | €1,766 | €1,573 | -€193 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | €13,464 | €4,868 | -€8,596 | -63.8% |
| Income taxes | 67/77 | €3,633 | €2,318 | -€1,315 | -36.2% |
| Profit (loss) for the period | 9904 | €9,832 | €2,550 | -€7,282 | -74.1% |
| Profit (loss) for the period to be appropriated | 9905 | €9,832 | €2,550 | -€7,282 | -74.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.