ANOW: 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.
ANOW
Largest movements
- Cash +€9,746
up €9,746 (+52.0%), from €18,726 to €28,472
mainly Net result for the year (+€22,400) and Accrued charges and deferred income (+€12,269)
- Stocks and contracts +€3,581
up €3,581 (+9.8%), from €36,653 to €40,234
- Tangible fixed assets +€2,171
up €2,171 (+143.8%), from €1,510 to €3,681
- Profit (loss) carried forward +€22,400
up €22,400 (+303.8%), from €7,374 to €29,774
- Trade debts -€13,899
down €13,899 (-77.2%), from €18,014 to €4,116
- Accrued charges and deferred income +€12,269
new in 2025: €12,269
- Debts after one year -€8,557
down €8,557 (-71.7%), from €11,940 to €3,383
- Current portion of long-term debt +€1,880
up €1,880 (+38.3%), from €4,915 to €6,795
- Gross operating margin +€52,173
up €52,173 (+109.9%), from €47,477 to €99,650
- Staff costs +€29,521
up €29,521 (+100.2%), from €29,448 to €58,970
- Taxes +€8,394
new in 2025: €8,394
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 | €60,375 | €75,913 | +€15,538 | +25.7% |
| Fixed assets | 21/28 | €2,910 | €5,081 | +€2,171 | +74.6% |
| Tangible fixed assets | 22/27 | €1,510 | €3,681 | +€2,171 | +143.8% |
| Furniture and vehicles | 24 | €1,510 | €3,681 | +€2,171 | +143.8% |
| Financial fixed assets | 28 | €1,400 | €1,400 | = | 0.0% |
| Current assets | 29/58 | €57,465 | €70,833 | +€13,367 | +23.3% |
| Stocks and contracts in progress | 3 | €36,653 | €40,234 | +€3,581 | +9.8% |
| Stocks | 30/36 | €36,653 | €40,234 | +€3,581 | +9.8% |
| Amounts receivable within one year | 40/41 | €2,024 | €2,126 | +€103 | +5.1% |
| Other amounts receivable | 41 | €2,024 | €2,126 | +€103 | +5.1% |
| Cash at bank and in hand | 54/58 | €18,726 | €28,472 | +€9,746 | +52.0% |
| Deferred charges and accrued income | 490/1 | €63 | - | -€63 | |
| Total equity and liabilities | 10/49 | €60,375 | €75,913 | +€15,538 | +25.7% |
| Equity | 10/15 | €12,374 | €34,774 | +€22,400 | +181.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,374 | €29,774 | +€22,400 | +303.8% |
| Amounts payable | 17/49 | €48,001 | €41,139 | -€6,862 | -14.3% |
| Amounts payable after more than one year | 17 | €11,940 | €3,383 | -€8,557 | -71.7% |
| Financial debts | 170/4 | €11,940 | €3,383 | -€8,557 | -71.7% |
| Amounts payable within one year | 42/48 | €36,061 | €25,487 | -€10,574 | -29.3% |
| Current portion of amounts payable after more than one year | 42 | €4,915 | €6,795 | +€1,880 | +38.3% |
| Trade debts | 44 | €18,014 | €4,116 | -€13,899 | -77.2% |
| Suppliers | 440/4 | €18,014 | €4,116 | -€13,899 | -77.2% |
| Taxes, remuneration and social security | 45 | €13,132 | €14,576 | +€1,445 | +11.0% |
| Taxes | 450/3 | €9,811 | €8,394 | -€1,417 | -14.4% |
| Remuneration and social security | 454/9 | €3,321 | €6,183 | +€2,862 | +86.2% |
| Accrued charges and deferred income | 492/3 | - | €12,269 | +€12,269 | |
| Remuneration, social security and pensions | 62 | €29,448 | €58,970 | +€29,521 | +100.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €717 | €1,429 | +€712 | +99.3% |
| Other operating charges | 640/8 | €727 | €801 | +€75 | +10.3% |
| Gross operating margin | 9900 | €47,477 | €99,650 | +€52,173 | +109.9% |
| Operating profit (loss) | 9901 | €16,585 | €38,451 | +€21,865 | +131.8% |
| Financial income | 75/76B | €47 | €0 | -€47 | -100.0% |
| Recurring financial income | 75 | €47 | €0 | -€47 | -100.0% |
| Financial charges | 65/66B | €7,812 | €7,657 | -€155 | -2.0% |
| Recurring financial charges | 65 | €7,812 | €7,657 | -€155 | -2.0% |
| Profit (loss) for the period before taxes | 9903 | €8,820 | €30,794 | +€21,974 | +249.1% |
| Income taxes | 67/77 | - | €8,394 | +€8,394 | |
| Profit (loss) for the period | 9904 | €8,820 | €22,400 | +€13,580 | +154.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,820 | €22,400 | +€13,580 | +154.0% |
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 4 October 2026 via checked.be.