ANOC: 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.
ANOC
Largest movements
- Tangible fixed assets -€2.0m
down €2.0m (-40.9%), from €4.9m to €2.9m
of which Other tangible fixed assets: -€1.2m
- Cash +€1.1m
up €1.1m (+40,014%), from €2,746 to €1.1m
mainly Investment in fixed assets (net) (+€1.9m) and Depreciation (+€139,062)
- Other debts -€812,100
down €812,100 (-97.3%), from €834,900 to €22,800
- Debts after one year -€125,004
down €125,004 (-8.8%), from €1.4m to €1.3m
- Profit (loss) carried forward +€54,988
up €54,988 (+3.9%), from -€1.4m to -€1.4m
- Gross operating margin +€191,481
up €191,481 (+95.9%), from €199,637 to €391,118
- Depreciation -€22,383
down €22,383 (-13.9%), from €161,445 to €139,062
- Staff costs +€8,102
up €8,102 (+6.2%), from €129,867 to €137,969
- Financial charges -€7,488
down €7,488 (-18.3%), from €40,946 to €33,458
- Financial income +€5,218
up €5,218 (+1,811%), from €288 to €5,506
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 | €4,954,276 | €4,025,131 | -€929,146 | -18.8% |
| Fixed assets | 21/28 | €4,933,578 | €2,913,766 | -€2.0m | -40.9% |
| Tangible fixed assets | 22/27 | €4,933,578 | €2,913,766 | -€2.0m | -40.9% |
| Land and buildings | 22 | €3,664,733 | €2,844,578 | -€820,156 | -22.4% |
| Plant, machinery and equipment | 23 | €42,894 | €31,433 | -€11,461 | -26.7% |
| Furniture and vehicles | 24 | €54,028 | €37,755 | -€16,272 | -30.1% |
| Other tangible fixed assets | 26 | €1,171,923 | - | -€1.2m | |
| Current assets | 29/58 | €20,699 | €1,111,365 | +€1.1m | +5,269% |
| Amounts receivable within one year | 40/41 | €8,994 | €1,006 | -€7,987 | -88.8% |
| Trade receivables | 40 | €8,994 | €1,006 | -€7,987 | -88.8% |
| Cash at bank and in hand | 54/58 | €2,746 | €1,101,558 | +€1.1m | +40,014% |
| Deferred charges and accrued income | 490/1 | €8,959 | €8,800 | -€159 | -1.8% |
| Total equity and liabilities | 10/49 | €4,954,276 | €4,025,131 | -€929,146 | -18.8% |
| Equity | 10/15 | €2,133,372 | €2,188,360 | +€54,988 | +2.6% |
| Contributions | 10/11 | €3,546,970 | €3,546,970 | = | 0.0% |
| Capital | 10 | €3,546,970 | €3,546,970 | = | 0.0% |
| Issued capital | 100 | €3,546,970 | €3,546,970 | = | 0.0% |
| Reserves | 13 | €7,487 | €7,487 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,487 | €7,487 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,487 | €7,487 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,421,085 | -€1,366,098 | +€54,988 | +3.9% |
| Provisions and deferred taxes | 16 | €398,657 | €358,758 | -€39,899 | -10.0% |
| Provisions for liabilities and charges | 160/5 | €398,657 | €358,758 | -€39,899 | -10.0% |
| Other liabilities and charges | 164/5 | €398,657 | €358,758 | -€39,899 | -10.0% |
| Amounts payable | 17/49 | €2,422,248 | €1,478,013 | -€944,235 | -39.0% |
| Amounts payable after more than one year | 17 | €1,427,049 | €1,302,045 | -€125,004 | -8.8% |
| Financial debts | 170/4 | €1,427,049 | €1,302,045 | -€125,004 | -8.8% |
| Amounts payable within one year | 42/48 | €995,199 | €175,310 | -€819,889 | -82.4% |
| Financial debts | 43 | €125,004 | €125,004 | = | 0.0% |
| Credit institutions | 430/8 | €125,004 | €125,004 | = | 0.0% |
| Trade debts | 44 | €13,402 | €17,387 | +€3,984 | +29.7% |
| Suppliers | 440/4 | €13,402 | €17,387 | +€3,984 | +29.7% |
| Taxes, remuneration and social security | 45 | €21,892 | €10,119 | -€11,773 | -53.8% |
| Taxes | 450/3 | €13,938 | €1,072 | -€12,866 | -92.3% |
| Remuneration and social security | 454/9 | €7,955 | €9,047 | +€1,093 | +13.7% |
| Other amounts payable | 47/48 | €834,900 | €22,800 | -€812,100 | -97.3% |
| Accrued charges and deferred income | 492/3 | - | €658 | +€658 | |
| Non-recurring operating income | 76A | €45,000 | €338,012 | +€293,012 | +651% |
| Remuneration, social security and pensions | 62 | €129,867 | €137,969 | +€8,102 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €161,445 | €139,062 | -€22,383 | -13.9% |
| Other operating charges | 640/8 | €31,783 | €31,147 | -€636 | -2.0% |
| Gross operating margin | 9900 | €199,637 | €391,118 | +€191,481 | +95.9% |
| Operating profit (loss) | 9901 | -€123,458 | €82,940 | +€206,397 | |
| Financial income | 75/76B | €288 | €5,506 | +€5,218 | +1,811% |
| Recurring financial income | 75 | €288 | €5,506 | +€5,218 | +1,811% |
| Financial charges | 65/66B | €40,946 | €33,458 | -€7,488 | -18.3% |
| Recurring financial charges | 65 | €40,946 | €33,458 | -€7,488 | -18.3% |
| Profit (loss) for the period before taxes | 9903 | -€164,115 | €54,988 | +€219,103 | |
| Profit (loss) for the period | 9904 | -€164,115 | €54,988 | +€219,103 | |
| Profit (loss) for the period to be appropriated | 9905 | -€164,115 | €54,988 | +€219,103 |
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 14 October 2026 via checked.be.