Anoudent: 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.
Anoudent
Largest movements
- Current investments -€80,000
down €80,000 (-30.8%), from €260,000 to €180,000
- Cash +€54,335
up €54,335 (+44.8%), from €121,327 to €175,662
mainly Net result for the year (+€188,561) and Current investments (+€80,000)
- Tangible fixed assets +€13,081
up €13,081 (+18.2%), from €71,811 to €84,891
of which Plant, machinery and equipment: +€27,965
- Receivables within one year +€12,603
up €12,603 (+175%), from €7,185 to €19,788
of which Other amounts receivable: +€17,530
- Reserves +€84,200
up €84,200 (+103%), from €81,845 to €166,045
of which Tax-exempt reserves: +€84,200
- Other debts -€78,762
no longer reported in 2025 (was €78,762)
- Tax, wage and social debts -€12,786
down €12,786 (-80.4%), from €15,911 to €3,125
- Taxes -€13,529
down €13,529 (-28.2%), from €47,937 to €34,407
- Gross operating margin +€12,068
up €12,068 (+4.9%), from €245,663 to €257,731
- Depreciation +€6,380
up €6,380 (+42.9%), from €14,885 to €21,264
- Financial income +€4,350
up €4,350 (+109%), from €3,986 to €8,336
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 | €461,021 | €460,341 | -€680 | -0.1% |
| Fixed assets | 21/28 | €71,811 | €84,891 | +€13,081 | +18.2% |
| Tangible fixed assets | 22/27 | €71,811 | €84,891 | +€13,081 | +18.2% |
| Land and buildings | 22 | €47,357 | €42,896 | -€4,460 | -9.4% |
| Plant, machinery and equipment | 23 | - | €27,965 | +€27,965 | |
| Furniture and vehicles | 24 | €24,454 | €14,030 | -€10,424 | -42.6% |
| Current assets | 29/58 | €389,210 | €375,450 | -€13,761 | -3.5% |
| Amounts receivable within one year | 40/41 | €7,185 | €19,788 | +€12,603 | +175% |
| Trade receivables | 40 | €4,927 | - | -€4,927 | |
| Other amounts receivable | 41 | €2,258 | €19,788 | +€17,530 | +776% |
| Current investments | 50/53 | €260,000 | €180,000 | -€80,000 | -30.8% |
| Cash at bank and in hand | 54/58 | €121,327 | €175,662 | +€54,335 | +44.8% |
| Deferred charges and accrued income | 490/1 | €698 | - | -€698 | |
| Total equity and liabilities | 10/49 | €461,021 | €460,341 | -€680 | -0.1% |
| Equity | 10/15 | €100,395 | €188,956 | +€88,561 | +88.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €81,845 | €166,045 | +€84,200 | +103% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Tax-exempt reserves | 132 | €79,990 | €164,190 | +€84,200 | +105% |
| Profit (loss) carried forward | 14 | - | €4,361 | +€4,361 | |
| Provisions and deferred taxes | 16 | €265,953 | €267,559 | +€1,607 | +0.6% |
| Provisions for liabilities and charges | 160/5 | €265,953 | €267,559 | +€1,607 | +0.6% |
| Other liabilities and charges | 164/5 | €265,953 | €267,559 | +€1,607 | +0.6% |
| Amounts payable | 17/49 | €94,673 | €3,826 | -€90,847 | -96.0% |
| Amounts payable within one year | 42/48 | €94,673 | €3,826 | -€90,847 | -96.0% |
| Trade debts | 44 | - | €701 | +€701 | |
| Suppliers | 440/4 | - | €701 | +€701 | |
| Taxes, remuneration and social security | 45 | €15,911 | €3,125 | -€12,786 | -80.4% |
| Taxes | 450/3 | €15,911 | €3,125 | -€12,786 | -80.4% |
| Other amounts payable | 47/48 | €78,762 | - | -€78,762 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,885 | €21,264 | +€6,380 | +42.9% |
| Other operating charges | 640/8 | €1,325 | €1,141 | -€184 | -13.9% |
| Gross operating margin | 9900 | €245,663 | €257,731 | +€12,068 | +4.9% |
| Operating profit (loss) | 9901 | €229,453 | €235,325 | +€5,872 | +2.6% |
| Financial income | 75/76B | €3,986 | €8,336 | +€4,350 | +109% |
| Recurring financial income | 75 | €3,986 | €8,336 | +€4,350 | +109% |
| Financial charges | 65/66B | €20,272 | €20,693 | +€421 | +2.1% |
| Recurring financial charges | 65 | €20,272 | €20,693 | +€421 | +2.1% |
| Profit (loss) for the period before taxes | 9903 | €213,167 | €222,968 | +€9,801 | +4.6% |
| Income taxes | 67/77 | €47,937 | €34,407 | -€13,529 | -28.2% |
| Profit (loss) for the period | 9904 | €165,231 | €188,561 | +€23,330 | +14.1% |
| Transfer to tax-exempt reserves | 689 | €79,990 | €84,200 | +€4,210 | +5.3% |
| Profit (loss) for the period to be appropriated | 9905 | €85,241 | €104,361 | +€19,120 | +22.4% |
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 13 October 2026 via checked.be.