ANPA: 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.
ANPA
Largest movements
- Tangible fixed assets +€85,833
up €85,833 (+22.8%), from €376,876 to €462,708
of which Land and buildings: +€90,395
- Current investments -€25,109
no longer reported in 2025 (was €25,109)
- Cash +€17,794
up €17,794 (+862%), from €2,065 to €19,860
mainly Depreciation (+€62,636) and Tax, wage and social debts (+€39,517)
- Tax, wage and social debts +€39,517
up €39,517 (+89.7%), from €44,053 to €83,570
of which Remuneration and social security: +€29,109
- Profit (loss) carried forward +€39,494
up €39,494 (+91.9%), from -€42,989 to -€3,495
- Trade debts -€29,641
down €29,641 (-69.0%), from €42,981 to €13,340
- Debts after one year +€25,920
up €25,920 (+17.5%), from €148,511 to €174,431
- Staff costs +€42,346
up €42,346 (+10.9%), from €387,224 to €429,570
- Gross operating margin +€34,968
up €34,968 (+6.8%), from €514,233 to €549,201
- Depreciation +€22,920
up €22,920 (+57.7%), from €39,716 to €62,636
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 | €420,286 | €498,156 | +€77,870 | +18.5% |
| Fixed assets | 21/28 | €376,876 | €462,708 | +€85,833 | +22.8% |
| Tangible fixed assets | 22/27 | €376,876 | €462,708 | +€85,833 | +22.8% |
| Land and buildings | 22 | €305,044 | €395,439 | +€90,395 | +29.6% |
| Plant, machinery and equipment | 23 | €4,012 | €1,956 | -€2,056 | -51.3% |
| Furniture and vehicles | 24 | €67,820 | €65,314 | -€2,506 | -3.7% |
| Current assets | 29/58 | €43,410 | €35,448 | -€7,963 | -18.3% |
| Amounts receivable within one year | 40/41 | €16,235 | €15,588 | -€648 | -4.0% |
| Trade receivables | 40 | €14,700 | €13,984 | -€716 | -4.9% |
| Other amounts receivable | 41 | €1,535 | €1,604 | +€69 | +4.5% |
| Current investments | 50/53 | €25,109 | - | -€25,109 | |
| Cash at bank and in hand | 54/58 | €2,065 | €19,860 | +€17,794 | +862% |
| Total equity and liabilities | 10/49 | €420,286 | €498,156 | +€77,870 | +18.5% |
| Equity | 10/15 | -€22,977 | €16,516 | +€39,494 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,411 | €1,411 | = | 0.0% |
| Distributable reserves | 133 | €1,411 | €1,411 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,989 | -€3,495 | +€39,494 | +91.9% |
| Amounts payable | 17/49 | €443,263 | €481,639 | +€38,376 | +8.7% |
| Amounts payable after more than one year | 17 | €148,511 | €174,431 | +€25,920 | +17.5% |
| Financial debts | 170/4 | €148,511 | €174,431 | +€25,920 | +17.5% |
| Amounts payable within one year | 42/48 | €294,752 | €307,208 | +€12,456 | +4.2% |
| Current portion of amounts payable after more than one year | 42 | €59,441 | €64,387 | +€4,947 | +8.3% |
| Trade debts | 44 | €42,981 | €13,340 | -€29,641 | -69.0% |
| Suppliers | 440/4 | €42,981 | €13,340 | -€29,641 | -69.0% |
| Taxes, remuneration and social security | 45 | €44,053 | €83,570 | +€39,517 | +89.7% |
| Taxes | 450/3 | €20 | €10,428 | +€10,408 | +52,807% |
| Remuneration and social security | 454/9 | €44,034 | €73,143 | +€29,109 | +66.1% |
| Other amounts payable | 47/48 | €148,277 | €145,911 | -€2,367 | -1.6% |
| Remuneration, social security and pensions | 62 | €387,224 | €429,570 | +€42,346 | +10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,716 | €62,636 | +€22,920 | +57.7% |
| Other operating charges | 640/8 | €1,309 | €6,340 | +€5,031 | +384% |
| Gross operating margin | 9900 | €514,233 | €549,201 | +€34,968 | +6.8% |
| Operating profit (loss) | 9901 | €85,984 | €50,655 | -€35,329 | -41.1% |
| Financial income | 75/76B | €157 | €419 | +€262 | +168% |
| Recurring financial income | 75 | €157 | €419 | +€262 | +168% |
| Financial charges | 65/66B | €11,316 | €11,524 | +€208 | +1.8% |
| Recurring financial charges | 65 | €11,316 | €11,524 | +€208 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | €74,825 | €39,550 | -€35,275 | -47.1% |
| Income taxes | 67/77 | €67 | €56 | -€11 | -15.8% |
| Profit (loss) for the period | 9904 | €74,758 | €39,494 | -€35,264 | -47.2% |
| Profit (loss) for the period to be appropriated | 9905 | €74,758 | €39,494 | -€35,264 | -47.2% |
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 24 October 2026 via checked.be.