anova r&d: 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.
anova r&d
Largest movements
- Cash +€108,445
up €108,445 (+36.5%), from €297,475 to €405,921
mainly Net result for the year (+€166,873) and Tax, wage and social debts (+€19,005)
- Receivables within one year +€22,353
up €22,353 (+15.4%), from €144,962 to €167,315
of which Trade receivables: +€15,128
- Reserves +€86,032
up €86,032 (+13.4%), from €641,058 to €727,090
of which Distributable reserves: +€86,032
- Tax, wage and social debts +€19,005
up €19,005 (+17.9%), from €106,233 to €125,239
of which Taxes: +€18,207
- Trade debts +€18,452
up €18,452 (+409.1%), from €4,510 to €22,963
- Other debts +€10,163
up €10,163 (+33.2%), from €30,623 to €40,786
- Gross operating margin +€83,012
up €83,012 (+12.1%), from €686,562 to €769,574
- Taxes +€21,865
up €21,865 (+44.4%), from €49,206 to €71,071
- Financial income -€9,580
down €9,580 (-83.5%), from €11,471 to €1,890
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 | €788,624 | €928,277 | +€139,653 | +17.7% |
| Fixed assets | 21/28 | €223,700 | €224,173 | +€472 | +0.2% |
| Tangible fixed assets | 22/27 | €223,700 | €224,173 | +€472 | +0.2% |
| Land and buildings | 22 | €212,313 | €203,959 | -€8,354 | -3.9% |
| Furniture and vehicles | 24 | €11,388 | €20,214 | +€8,826 | +77.5% |
| Current assets | 29/58 | €564,924 | €704,105 | +€139,181 | +24.6% |
| Amounts receivable within one year | 40/41 | €144,962 | €167,315 | +€22,353 | +15.4% |
| Trade receivables | 40 | €144,962 | €160,091 | +€15,128 | +10.4% |
| Other amounts receivable | 41 | - | €7,224 | +€7,224 | |
| Current investments | 50/53 | €101,328 | €107,772 | +€6,444 | +6.4% |
| Cash at bank and in hand | 54/58 | €297,475 | €405,921 | +€108,445 | +36.5% |
| Deferred charges and accrued income | 490/1 | €21,158 | €23,097 | +€1,939 | +9.2% |
| Total equity and liabilities | 10/49 | €788,624 | €928,277 | +€139,653 | +17.7% |
| Equity | 10/15 | €647,258 | €733,290 | +€86,032 | +13.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €641,058 | €727,090 | +€86,032 | +13.4% |
| Tax-exempt reserves | 132 | €3,648 | €3,648 | = | 0.0% |
| Distributable reserves | 133 | €637,409 | €723,441 | +€86,032 | +13.5% |
| Amounts payable | 17/49 | €141,367 | €194,988 | +€53,621 | +37.9% |
| Amounts payable within one year | 42/48 | €141,367 | €188,988 | +€47,621 | +33.7% |
| Trade debts | 44 | €4,510 | €22,963 | +€18,452 | +409.1% |
| Suppliers | 440/4 | €4,510 | €22,963 | +€18,452 | +409.1% |
| Taxes, remuneration and social security | 45 | €106,233 | €125,239 | +€19,005 | +17.9% |
| Taxes | 450/3 | €36,381 | €54,588 | +€18,207 | +50.0% |
| Remuneration and social security | 454/9 | €69,852 | €70,651 | +€799 | +1.1% |
| Other amounts payable | 47/48 | €30,623 | €40,786 | +€10,163 | +33.2% |
| Accrued charges and deferred income | 492/3 | - | €6,000 | +€6,000 | |
| Remuneration, social security and pensions | 62 | €510,081 | €513,077 | +€2,996 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,294 | €17,076 | +€2,782 | +19.5% |
| Other operating charges | 640/8 | €957 | €1,009 | +€51 | +5.4% |
| Gross operating margin | 9900 | €686,562 | €769,574 | +€83,012 | +12.1% |
| Operating profit (loss) | 9901 | €161,230 | €238,413 | +€77,183 | +47.9% |
| Financial income | 75/76B | €11,471 | €1,890 | -€9,580 | -83.5% |
| Recurring financial income | 75 | €11,471 | €1,890 | -€9,580 | -83.5% |
| Financial charges | 65/66B | €3,552 | €2,359 | -€1,193 | -33.6% |
| Recurring financial charges | 65 | €3,552 | €2,359 | -€1,193 | -33.6% |
| Profit (loss) for the period before taxes | 9903 | €169,149 | €237,944 | +€68,795 | +40.7% |
| Income taxes | 67/77 | €49,206 | €71,071 | +€21,865 | +44.4% |
| Profit (loss) for the period | 9904 | €119,943 | €166,873 | +€46,930 | +39.1% |
| Profit (loss) for the period to be appropriated | 9905 | €119,943 | €166,873 | +€46,930 | +39.1% |
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 6 October 2026 via checked.be.