ANMACO: 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.
ANMACO
Largest movements
- Cash +€116,916
up €116,916 (+82.7%), from €141,441 to €258,357
mainly Net result for the year (+€119,399) and Tax, wage and social debts (+€31,788)
- Tangible fixed assets +€42,390
up €42,390 (+59.6%), from €71,094 to €113,483
of which Land and buildings: +€58,022
- Reserves +€119,399
up €119,399 (+127.7%), from €93,483 to €212,881
- Tax, wage and social debts +€31,788
up €31,788 (+87.6%), from €36,270 to €68,058
- Trade debts +€5,465
up €5,465 (+4779.2%), from €114 to €5,579
- Gross operating margin +€41,513
up €41,513 (+31.7%), from €130,774 to €172,287
- Depreciation +€9,049
up €9,049 (+75.5%), from €11,991 to €21,040
- Taxes +€7,275
up €7,275 (+28.9%), from €25,207 to €32,481
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 | €234,134 | €390,898 | +€156,765 | +67.0% |
| Fixed assets | 21/28 | €71,094 | €113,483 | +€42,390 | +59.6% |
| Tangible fixed assets | 22/27 | €71,094 | €113,483 | +€42,390 | +59.6% |
| Land and buildings | 22 | - | €58,022 | +€58,022 | |
| Plant, machinery and equipment | 23 | €1,190 | €1,923 | +€733 | +61.6% |
| Furniture and vehicles | 24 | €69,904 | €53,538 | -€16,366 | -23.4% |
| Current assets | 29/58 | €163,040 | €277,415 | +€114,375 | +70.2% |
| Amounts receivable within one year | 40/41 | €21,599 | €19,058 | -€2,541 | -11.8% |
| Trade receivables | 40 | €21,599 | €19,058 | -€2,541 | -11.8% |
| Cash at bank and in hand | 54/58 | €141,441 | €258,357 | +€116,916 | +82.7% |
| Total equity and liabilities | 10/49 | €234,134 | €390,898 | +€156,765 | +67.0% |
| Equity | 10/15 | €95,483 | €214,881 | +€119,399 | +125.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €93,483 | €212,881 | +€119,399 | +127.7% |
| Distributable reserves | 133 | €93,483 | €212,881 | +€119,399 | +127.7% |
| Amounts payable | 17/49 | €138,651 | €176,017 | +€37,366 | +26.9% |
| Amounts payable within one year | 42/48 | €138,651 | €176,017 | +€37,366 | +26.9% |
| Trade debts | 44 | €114 | €5,579 | +€5,465 | +4779.2% |
| Suppliers | 440/4 | €114 | €5,579 | +€5,465 | +4779.2% |
| Taxes, remuneration and social security | 45 | €36,270 | €68,058 | +€31,788 | +87.6% |
| Taxes | 450/3 | €36,270 | €68,058 | +€31,788 | +87.6% |
| Other amounts payable | 47/48 | €102,267 | €102,380 | +€113 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,991 | €21,040 | +€9,049 | +75.5% |
| Other operating charges | 640/8 | - | €127 | +€127 | |
| Gross operating margin | 9900 | €130,774 | €172,287 | +€41,513 | +31.7% |
| Operating profit (loss) | 9901 | €118,782 | €151,121 | +€32,338 | +27.2% |
| Financial income | 75/76B | - | €900 | +€900 | |
| Recurring financial income | 75 | - | €900 | +€900 | |
| Financial charges | 65/66B | €93 | €140 | +€47 | +50.0% |
| Recurring financial charges | 65 | €93 | €140 | +€47 | +50.0% |
| Profit (loss) for the period before taxes | 9903 | €118,689 | €151,880 | +€33,191 | +28.0% |
| Income taxes | 67/77 | €25,207 | €32,481 | +€7,275 | +28.9% |
| Profit (loss) for the period | 9904 | €93,483 | €119,399 | +€25,916 | +27.7% |
| Profit (loss) for the period to be appropriated | 9905 | €93,483 | €119,399 | +€25,916 | +27.7% |
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 10 October 2026 via checked.be.