ANP Vanhove: 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.
ANP Vanhove
Largest movements
- Receivables within one year +€31,954
up €31,954 (+207.5%), from €15,397 to €47,351
of which Other amounts receivable: +€31,605
- Cash -€14,538
down €14,538 (-28.6%), from €50,872 to €36,334
mainly Receivables within one year (-€31,954) and Debts after one year (-€5,035)
- Tangible fixed assets -€4,081
down €4,081 (-27.5%), from €14,848 to €10,767
- Reserves +€21,135
up €21,135 (+44.9%), from €47,122 to €68,257
- Debts after one year -€5,035
no longer reported in 2025 (was €5,035)
- Tax, wage and social debts -€1,533
down €1,533 (-7.7%), from €20,021 to €18,487
of which Remuneration and social security: -€1,650
- Current portion of long-term debt -€1,379
down €1,379 (-21.5%), from €6,413 to €5,035
- Gross operating margin +€2,583
up €2,583 (+8.3%), from €30,969 to €33,553
- Taxes +€934
up €934 (+14.2%), from €6,561 to €7,495
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 | €81,118 | €94,453 | +€13,335 | +16.4% |
| Fixed assets | 21/28 | €14,848 | €10,767 | -€4,081 | -27.5% |
| Tangible fixed assets | 22/27 | €14,848 | €10,767 | -€4,081 | -27.5% |
| Furniture and vehicles | 24 | €14,848 | €10,767 | -€4,081 | -27.5% |
| Current assets | 29/58 | €66,269 | €83,686 | +€17,416 | +26.3% |
| Amounts receivable within one year | 40/41 | €15,397 | €47,351 | +€31,954 | +207.5% |
| Trade receivables | 40 | €8,604 | €8,954 | +€350 | +4.1% |
| Other amounts receivable | 41 | €6,793 | €38,397 | +€31,605 | +465.3% |
| Cash at bank and in hand | 54/58 | €50,872 | €36,334 | -€14,538 | -28.6% |
| Total equity and liabilities | 10/49 | €81,118 | €94,453 | +€13,335 | +16.4% |
| Equity | 10/15 | €49,122 | €70,257 | +€21,135 | +43.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €47,122 | €68,257 | +€21,135 | +44.9% |
| Distributable reserves | 133 | €47,122 | €68,257 | +€21,135 | +44.9% |
| Amounts payable | 17/49 | €31,996 | €24,196 | -€7,800 | -24.4% |
| Amounts payable after more than one year | 17 | €5,035 | - | -€5,035 | |
| Financial debts | 170/4 | €5,035 | - | -€5,035 | |
| Amounts payable within one year | 42/48 | €26,961 | €24,196 | -€2,765 | -10.3% |
| Current portion of amounts payable after more than one year | 42 | €6,413 | €5,035 | -€1,379 | -21.5% |
| Trade debts | 44 | €527 | €674 | +€147 | +27.9% |
| Suppliers | 440/4 | €527 | €674 | +€147 | +27.9% |
| Taxes, remuneration and social security | 45 | €20,021 | €18,487 | -€1,533 | -7.7% |
| Taxes | 450/3 | €18,371 | €18,487 | +€117 | +0.6% |
| Remuneration and social security | 454/9 | €1,650 | - | -€1,650 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,081 | €4,081 | = | 0.0% |
| Other operating charges | 640/8 | €434 | €388 | -€46 | -10.5% |
| Gross operating margin | 9900 | €30,969 | €33,553 | +€2,583 | +8.3% |
| Operating profit (loss) | 9901 | €26,454 | €29,083 | +€2,629 | +9.9% |
| Financial income | 75/76B | - | €195 | +€195 | |
| Recurring financial income | 75 | - | €195 | +€195 | |
| Financial charges | 65/66B | €933 | €648 | -€285 | -30.6% |
| Recurring financial charges | 65 | €933 | €648 | -€285 | -30.6% |
| Profit (loss) for the period before taxes | 9903 | €25,521 | €28,630 | +€3,109 | +12.2% |
| Income taxes | 67/77 | €6,561 | €7,495 | +€934 | +14.2% |
| Profit (loss) for the period | 9904 | €18,960 | €21,135 | +€2,175 | +11.5% |
| Profit (loss) for the period to be appropriated | 9905 | €18,960 | €21,135 | +€2,175 | +11.5% |
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 9 October 2026 via checked.be.