ANOP: 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.
ANOP
Largest movements
- Cash +€63,924
up €63,924 (+73.9%), from €86,512 to €150,436
mainly Receivables within one year (+€47,377) and Net result for the year (+€32,839)
- Receivables within one year -€47,377
down €47,377 (-94.6%), from €50,097 to €2,720
of which Other amounts receivable: -€50,097
- Tangible fixed assets +€27,200
up €27,200 (+447.1%), from €6,084 to €33,285
of which Other tangible fixed assets: +€28,447
- Profit (loss) carried forward +€32,839
up €32,839 (+34.0%), from €96,672 to €129,512
- Other debts +€6,783
up €6,783 (+77.2%), from €8,791 to €15,575
- Tax, wage and social debts +€5,752
up €5,752 (+17.9%), from €32,164 to €37,916
of which Taxes: +€5,774
- Trade debts -€3,070
down €3,070 (-74.8%), from €4,104 to €1,034
- Gross operating margin -€45,561
down €45,561 (-49.5%), from €91,970 to €46,409
- Taxes -€9,590
down €9,590 (-49.9%), from €19,230 to €9,639
- Depreciation +€944
up €944 (+86.4%), from €1,093 to €2,037
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 | €143,854 | €186,440 | +€42,586 | +29.6% |
| Fixed assets | 21/28 | €6,084 | €33,285 | +€27,200 | +447.1% |
| Tangible fixed assets | 22/27 | €6,084 | €33,285 | +€27,200 | +447.1% |
| Plant, machinery and equipment | 23 | €2,555 | €2,280 | -€275 | -10.8% |
| Furniture and vehicles | 24 | €3,529 | €2,557 | -€972 | -27.5% |
| Other tangible fixed assets | 26 | - | €28,447 | +€28,447 | |
| Current assets | 29/58 | €137,770 | €153,156 | +€15,386 | +11.2% |
| Amounts receivable within one year | 40/41 | €50,097 | €2,720 | -€47,377 | -94.6% |
| Trade receivables | 40 | - | €2,720 | +€2,720 | |
| Other amounts receivable | 41 | €50,097 | €0 | -€50,097 | -100.0% |
| Cash at bank and in hand | 54/58 | €86,512 | €150,436 | +€63,924 | +73.9% |
| Deferred charges and accrued income | 490/1 | €1,161 | €0 | -€1,161 | -100.0% |
| Total equity and liabilities | 10/49 | €143,854 | €186,440 | +€42,586 | +29.6% |
| Equity | 10/15 | €98,172 | €131,012 | +€32,839 | +33.5% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €96,672 | €129,512 | +€32,839 | +34.0% |
| Amounts payable | 17/49 | €45,682 | €55,429 | +€9,747 | +21.3% |
| Amounts payable within one year | 42/48 | €45,060 | €54,525 | +€9,466 | +21.0% |
| Trade debts | 44 | €4,104 | €1,034 | -€3,070 | -74.8% |
| Suppliers | 440/4 | €4,104 | €1,034 | -€3,070 | -74.8% |
| Taxes, remuneration and social security | 45 | €32,164 | €37,916 | +€5,752 | +17.9% |
| Taxes | 450/3 | €32,142 | €37,916 | +€5,774 | +18.0% |
| Remuneration and social security | 454/9 | €22 | €0 | -€22 | -100.0% |
| Other amounts payable | 47/48 | €8,791 | €15,575 | +€6,783 | +77.2% |
| Accrued charges and deferred income | 492/3 | €622 | €903 | +€281 | +45.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,093 | €2,037 | +€944 | +86.4% |
| Other operating charges | 640/8 | €488 | €766 | +€278 | +56.9% |
| Gross operating margin | 9900 | €91,970 | €46,409 | -€45,561 | -49.5% |
| Operating profit (loss) | 9901 | €90,389 | €43,606 | -€46,783 | -51.8% |
| Financial income | 75/76B | €97 | €0 | -€97 | -100.0% |
| Recurring financial income | 75 | €97 | €0 | -€97 | -100.0% |
| Financial charges | 65/66B | €952 | €1,127 | +€175 | +18.4% |
| Recurring financial charges | 65 | €952 | €1,127 | +€175 | +18.4% |
| Profit (loss) for the period before taxes | 9903 | €89,535 | €42,479 | -€47,056 | -52.6% |
| Income taxes | 67/77 | €19,230 | €9,639 | -€9,590 | -49.9% |
| Profit (loss) for the period | 9904 | €70,305 | €32,839 | -€37,466 | -53.3% |
| Profit (loss) for the period to be appropriated | 9905 | €70,305 | €32,839 | -€37,466 | -53.3% |
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 29 September 2026 via checked.be.