ANOBEL: 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.
ANOBEL
Largest movements
- Tangible fixed assets -€284,169
down €284,169 (-4.5%), from €6.3m to €6.1m
- Other debts -€564,000
down €564,000 (-18.7%), from €3.0m to €2.4m
- Reserves +€327,543
up €327,543 (+10.8%), from €3.0m to €3.4m
of which Distributable reserves: +€366,449
- Financial charges -€110,934
down €110,934 (-76.7%), from €144,590 to €33,657
- Gross operating margin +€83,098
up €83,098 (+11.4%), from €730,470 to €813,568
- Taxes +€45,048
up €45,048 (+58.4%), from €77,102 to €122,150
- Other operating charges +€13,883
up €13,883 (+30.6%), from €45,305 to €59,187
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 | €6,391,909 | €6,153,560 | -€238,349 | -3.7% |
| Fixed assets | 21/28 | €6,342,215 | €6,058,046 | -€284,169 | -4.5% |
| Tangible fixed assets | 22/27 | €6,342,215 | €6,058,046 | -€284,169 | -4.5% |
| Land and buildings | 22 | €6,342,215 | €6,058,046 | -€284,169 | -4.5% |
| Current assets | 29/58 | €49,694 | €95,514 | +€45,820 | +92.2% |
| Amounts receivable within one year | 40/41 | €904 | €60,159 | +€59,255 | +6553.6% |
| Trade receivables | 40 | - | €60,159 | +€60,159 | |
| Other amounts receivable | 41 | €904 | - | -€904 | |
| Cash at bank and in hand | 54/58 | €33,016 | €35,355 | +€2,339 | +7.1% |
| Deferred charges and accrued income | 490/1 | €15,774 | - | -€15,774 | |
| Total equity and liabilities | 10/49 | €6,391,909 | €6,153,560 | -€238,349 | -3.7% |
| Equity | 10/15 | €3,091,712 | €3,419,254 | +€327,543 | +10.6% |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Capital | 10 | €63,000 | €63,000 | = | 0.0% |
| Issued capital | 100 | €63,000 | €63,000 | = | 0.0% |
| Reserves | 13 | €3,028,712 | €3,356,254 | +€327,543 | +10.8% |
| Non-distributable reserves | 130/1 | €6,300 | €6,300 | = | 0.0% |
| Legal reserve | 130 | €6,300 | €6,300 | = | 0.0% |
| Tax-exempt reserves | 132 | €567,289 | €528,383 | -€38,907 | -6.9% |
| Distributable reserves | 133 | €2,455,122 | €2,821,572 | +€366,449 | +14.9% |
| Provisions and deferred taxes | 16 | €189,096 | €176,128 | -€12,969 | -6.9% |
| Deferred taxes | 168 | €189,096 | €176,128 | -€12,969 | -6.9% |
| Amounts payable | 17/49 | €3,111,101 | €2,558,178 | -€552,923 | -17.8% |
| Amounts payable within one year | 42/48 | €3,010,132 | €2,447,234 | -€562,898 | -18.7% |
| Trade debts | 44 | - | €1,105 | +€1,105 | |
| Suppliers | 440/4 | - | €1,105 | +€1,105 | |
| Taxes, remuneration and social security | 45 | €2,102 | €2,099 | -€3 | -0.1% |
| Taxes | 450/3 | €2,102 | €2,099 | -€3 | -0.1% |
| Other amounts payable | 47/48 | €3,008,030 | €2,444,030 | -€564,000 | -18.7% |
| Accrued charges and deferred income | 492/3 | €100,969 | €110,944 | +€9,975 | +9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €284,042 | €284,169 | +€127 | 0.0% |
| Other operating charges | 640/8 | €45,305 | €59,187 | +€13,883 | +30.6% |
| Gross operating margin | 9900 | €730,470 | €813,568 | +€83,098 | +11.4% |
| Operating profit (loss) | 9901 | €401,124 | €470,211 | +€69,088 | +17.2% |
| Financial income | 75/76B | - | €169 | +€169 | |
| Recurring financial income | 75 | - | €169 | +€169 | |
| Financial charges | 65/66B | €144,590 | €33,657 | -€110,934 | -76.7% |
| Recurring financial charges | 65 | €144,590 | €33,657 | -€110,934 | -76.7% |
| Profit (loss) for the period before taxes | 9903 | €256,534 | €436,724 | +€180,190 | +70.2% |
| Transfer from deferred taxes | 780 | €12,969 | €12,969 | = | 0.0% |
| Income taxes | 67/77 | €77,102 | €122,150 | +€45,048 | +58.4% |
| Profit (loss) for the period | 9904 | €192,400 | €327,543 | +€135,143 | +70.2% |
| Transfer from tax-exempt reserves | 789 | €38,907 | €38,907 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €231,307 | €366,449 | +€135,143 | +58.4% |
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 1 October 2026 via checked.be.