ANOREL: 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.
What changed
ANOREL
NACE 46.851, Wholesale of industrial chemicals
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€160,712
2024 · €51,662+€109,050
Equity
€3.0m
2024 · €2.9m+€160,712
Cash
€752,081
2024 · €1.4m-€621,737
Balance sheet total
€15.8m
2024 · €11.2m+€4.7m
Largest movements
Assets
- Tangible fixed assets +€2.9m
up €2.9m (+581.0%), from €495,687 to €3.4m
of which Land and buildings: +€1.9m
- Stocks and contracts +€1.5m
up €1.5m (+45.5%), from €3.3m to €4.8m
- Receivables within one year +€978,198
up €978,198 (+16.7%), from €5.8m to €6.8m
of which Trade receivables: +€1.0m
- Cash -€621,737
down €621,737 (-45.3%), from €1.4m to €752,081
mainly Investment in fixed assets (net) (-€3.0m) and Stocks and contracts (-€1.5m)
Equity and liabilities
- Short-term financial debts +€2.4m
up €2.4m (+67.4%), from €3.6m to €6.0m
- Trade debts +€1.9m
up €1.9m (+108.4%), from €1.8m to €3.7m
- Debts after one year +€338,780
up €338,780 (+40.0%), from €846,278 to €1.2m
- Accrued charges and deferred income -€238,642
down €238,642 (-31.1%), from €767,719 to €529,077
- Profit (loss) carried forward +€160,712
up €160,712 (+7.3%), from €2.2m to €2.4m
Income statement
- Turnover +€3.7m
up €3.7m (+17.8%), from €20.9m to €24.7m
- Goods and materials +€2.9m
up €2.9m (+16.3%), from €17.9m to €20.8m
of which Purchases: +€4.4m
- Services and other goods +€792,579
up €792,579 (+43.6%), from €1.8m to €2.6m
- Other operating income +€272,432
up €272,432 (+49.1%), from €555,340 to €827,772
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.
Result 2024
€51,662
Turnover
+€3.7m
Other operating income
+€272,432
Goods and materials
-€2.9m
Services and other goods
-€792,579
Staff costs
-€124,865
Depreciation
-€68,425
Write-downs
+€5,245
Other operating charges
-€3,199
Financial income
+€197,643
Financial charges
-€182,960
Taxes
-€143
Result 2025
€160,712
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.
From operations
-€442,199
Investment
-€3.0m
Financing
+€2.8m
Cash 2024
€1.4m
From operations (derived)
-€442,199
Net result for the year
+€160,712
Depreciation
+€116,142
Stocks and contracts
-€1.5m
Receivables within one year
-€978,198
Deferred charges and accrued income
+€67,297
Trade debts
+€1.9m
Smaller working-capital items
-€3,089
Accrued charges and deferred income
-€238,642
Investment (derived)
-€3.0m
Investment in fixed assets (net)
-€3.0m
Financing
+€2.8m
Debts after one year
+€338,780
Current portion of long-term debt
+€82,608
Short-term financial debts
+€2.4m
Cash 2025
€752,081
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,169,659 | €15,832,016 | +€4.7m | +41.7% |
| Fixed assets | 21/28 | €506,498 | €3,386,517 | +€2.9m | +568.6% |
| Tangible fixed assets | 22/27 | €495,687 | €3,375,749 | +€2.9m | +581.0% |
| Land and buildings | 22 | €291,331 | €2,157,260 | +€1.9m | +640.5% |
| Plant, machinery and equipment | 23 | €83,443 | €245,255 | +€161,812 | +193.9% |
| Furniture and vehicles | 24 | €117,181 | €140,719 | +€23,538 | +20.1% |
| Leasing and similar rights | 25 | €3,732 | €429,177 | +€425,445 | +11399.9% |
| Assets under construction and advance payments | 27 | - | €403,338 | +€403,338 | |
| Financial fixed assets | 28 | €10,811 | €10,768 | -€43 | -0.4% |
| Other financial fixed assets | 284/8 | €10,811 | €10,768 | -€43 | -0.4% |
| Amounts receivable and cash guarantees | 285/8 | €10,811 | €10,768 | -€43 | -0.4% |
| Current assets | 29/58 | €10,663,161 | €12,445,499 | +€1.8m | +16.7% |
| Stocks and contracts in progress | 3 | €3,281,333 | €4,774,507 | +€1.5m | +45.5% |
| Stocks | 30/36 | €3,281,333 | €4,774,507 | +€1.5m | +45.5% |
| Goods purchased for resale | 34 | €3,281,333 | €4,774,507 | +€1.5m | +45.5% |
| Amounts receivable within one year | 40/41 | €5,849,616 | €6,827,814 | +€978,198 | +16.7% |
| Trade receivables | 40 | €5,533,141 | €6,542,636 | +€1.0m | +18.2% |
| Other amounts receivable | 41 | €316,475 | €285,178 | -€31,297 | -9.9% |
| Cash at bank and in hand | 54/58 | €1,373,818 | €752,081 | -€621,737 | -45.3% |
| Deferred charges and accrued income | 490/1 | €158,394 | €91,097 | -€67,297 | -42.5% |
| Total equity and liabilities | 10/49 | €11,169,659 | €15,832,016 | +€4.7m | +41.7% |
| Equity | 10/15 | €2,878,863 | €3,039,575 | +€160,712 | +5.6% |
| Contributions | 10/11 | €462,000 | €462,000 | = | 0.0% |
| Capital | 10 | €462,000 | €462,000 | = | 0.0% |
| Issued capital | 100 | €462,000 | €462,000 | = | 0.0% |
| Reserves | 13 | €214,656 | €214,656 | = | 0.0% |
| Non-distributable reserves | 130/1 | €46,200 | €46,200 | = | 0.0% |
| Legal reserve | 130 | €46,200 | €46,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €168,456 | €168,456 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,202,207 | €2,362,919 | +€160,712 | +7.3% |
| Amounts payable | 17/49 | €8,290,796 | €12,792,441 | +€4.5m | +54.3% |
| Amounts payable after more than one year | 17 | €846,278 | €1,185,058 | +€338,780 | +40.0% |
| Financial debts | 170/4 | €846,278 | €1,185,058 | +€338,780 | +40.0% |
| Leasing and similar obligations | 172 | - | €323,433 | +€323,433 | |
| Credit institutions | 173 | €126,118 | €96,513 | -€29,605 | -23.5% |
| Other loans | 174 | €720,160 | €765,112 | +€44,952 | +6.2% |
| Amounts payable within one year | 42/48 | €6,676,799 | €11,078,306 | +€4.4m | +65.9% |
| Current portion of amounts payable after more than one year | 42 | €128,077 | €210,685 | +€82,608 | +64.5% |
| Financial debts | 43 | €3,554,765 | €5,950,000 | +€2.4m | +67.4% |
| Credit institutions | 430/8 | €3,554,765 | €5,950,000 | +€2.4m | +67.4% |
| Trade debts | 44 | €1,777,255 | €3,704,008 | +€1.9m | +108.4% |
| Suppliers | 440/4 | €1,777,255 | €3,704,008 | +€1.9m | +108.4% |
| Taxes, remuneration and social security | 45 | €216,997 | €218,702 | +€1,705 | +0.8% |
| Taxes | 450/3 | €23,375 | €23,537 | +€162 | +0.7% |
| Remuneration and social security | 454/9 | €193,622 | €195,165 | +€1,543 | +0.8% |
| Other amounts payable | 47/48 | €999,705 | €994,911 | -€4,794 | -0.5% |
| Accrued charges and deferred income | 492/3 | €767,719 | €529,077 | -€238,642 | -31.1% |
| Operating income | 70/76A | €21,481,811 | €25,479,684 | +€4.0m | +18.6% |
| Turnover | 70 | €20,926,471 | €24,651,912 | +€3.7m | +17.8% |
| Other operating income | 74 | €555,340 | €827,772 | +€272,432 | +49.1% |
| Operating charges | 60/66A | €21,056,205 | €24,959,568 | +€3.9m | +18.5% |
| Goods for resale, raw materials and consumables | 60 | €17,893,598 | €20,813,138 | +€2.9m | +16.3% |
| Purchases | 600/8 | €17,895,233 | €22,306,312 | +€4.4m | +24.6% |
| Change in stocks: decrease (increase) | 609 | -€1,635 | -€1,493,174 | -€1.5m | -91225.6% |
| Services and other goods | 61 | €1,818,176 | €2,610,755 | +€792,579 | +43.6% |
| Remuneration, social security and pensions | 62 | €1,268,578 | €1,393,443 | +€124,865 | +9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,717 | €116,142 | +€68,425 | +143.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,245 | - | -€5,245 | |
| Other operating charges | 640/8 | €22,891 | €26,090 | +€3,199 | +14.0% |
| Operating profit (loss) | 9901 | €425,606 | €520,116 | +€94,510 | +22.2% |
| Financial income | 75/76B | €191,783 | €389,426 | +€197,643 | +103.1% |
| Recurring financial income | 75 | €191,783 | €389,426 | +€197,643 | +103.1% |
| Income from financial fixed assets | 750 | €98 | - | -€98 | |
| Income from current assets | 751 | €69 | €766 | +€697 | +1010.1% |
| Other financial income | 752/9 | €191,616 | €388,660 | +€197,044 | +102.8% |
| Financial charges | 65/66B | €565,268 | €748,228 | +€182,960 | +32.4% |
| Recurring financial charges | 65 | €565,268 | €748,228 | +€182,960 | +32.4% |
| Debt charges | 650 | €263,344 | €258,834 | -€4,510 | -1.7% |
| Other financial charges | 652/9 | €301,924 | €489,394 | +€187,470 | +62.1% |
| Profit (loss) for the period before taxes | 9903 | €52,121 | €161,314 | +€109,193 | +209.5% |
| Income taxes | 67/77 | €459 | €602 | +€143 | +31.2% |
| Taxes | 670/3 | €459 | €602 | +€143 | +31.2% |
| Profit (loss) for the period | 9904 | €51,662 | €160,712 | +€109,050 | +211.1% |
| Profit (loss) for the period to be appropriated | 9905 | €51,662 | €160,712 | +€109,050 | +211.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.