ANPABO: 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.
ANPABO
Largest movements
- Stocks and contracts -€5,423
down €5,423 (-29.4%), from €18,466 to €13,043
- Cash -€2,874
down €2,874 (-9.1%), from €31,464 to €28,590
mainly Other debts (-€7,749) and Trade debts (-€4,173)
- Other debts -€7,749
down €7,749 (-15.5%), from €50,078 to €42,329
- Trade debts -€4,173
down €4,173 (-89.1%), from €4,684 to €512
- Profit (loss) carried forward +€1,964
up €1,964 (+10.6%), from -€18,497 to -€16,533
- Tax, wage and social debts +€1,119
up €1,119 (+624.5%), from €179 to €1,298
- Gross operating margin +€5,556
up €5,556, from -€3,592 to €1,964
- Depreciation -€3,991
no longer reported in 2025 (was €3,991)
- Financial charges -€125
no longer reported in 2025 (was €125)
- Financial income -€124
no longer reported in 2025 (was €124)
of which Financial income: -€124
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 | €60,862 | €52,024 | -€8,838 | -14.5% |
| Current assets | 29/58 | €60,862 | €52,024 | -€8,838 | -14.5% |
| Stocks and contracts in progress | 3 | €18,466 | €13,043 | -€5,423 | -29.4% |
| Stocks | 30/36 | €18,466 | €13,043 | -€5,423 | -29.4% |
| Amounts receivable within one year | 40/41 | €2,146 | €1,604 | -€542 | -25.2% |
| Trade receivables | 40 | €2,146 | €1,604 | -€542 | -25.2% |
| Cash at bank and in hand | 54/58 | €31,464 | €28,590 | -€2,874 | -9.1% |
| Deferred charges and accrued income | 490/1 | €8,787 | €8,787 | = | 0.0% |
| Total equity and liabilities | 10/49 | €60,862 | €52,024 | -€8,838 | -14.5% |
| Equity | 10/15 | €5,921 | €7,885 | +€1,964 | +33.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €18,218 | €18,218 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €16,358 | €16,358 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,497 | -€16,533 | +€1,964 | +10.6% |
| Amounts payable | 17/49 | €54,942 | €44,139 | -€10,802 | -19.7% |
| Amounts payable within one year | 42/48 | €54,942 | €44,139 | -€10,802 | -19.7% |
| Trade debts | 44 | €4,684 | €512 | -€4,173 | -89.1% |
| Suppliers | 440/4 | €4,684 | €512 | -€4,173 | -89.1% |
| Taxes, remuneration and social security | 45 | €179 | €1,298 | +€1,119 | +624.5% |
| Taxes | 450/3 | €179 | €1,298 | +€1,119 | +624.5% |
| Other amounts payable | 47/48 | €50,078 | €42,329 | -€7,749 | -15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,991 | - | -€3,991 | |
| Gross operating margin | 9900 | -€3,592 | €1,964 | +€5,556 | |
| Operating profit (loss) | 9901 | -€7,583 | €1,964 | +€9,547 | |
| Financial income | 75/76B | €124 | - | -€124 | |
| Recurring financial income | 75 | €124 | - | -€124 | |
| Non-recurring financial income | 76B | €124 | - | -€124 | |
| Financial charges | 65/66B | €125 | - | -€125 | |
| Recurring financial charges | 65 | €125 | - | -€125 | |
| Profit (loss) for the period before taxes | 9903 | -€7,584 | €1,964 | +€9,548 | |
| Profit (loss) for the period | 9904 | -€7,584 | €1,964 | +€9,548 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,584 | €1,964 | +€9,548 |
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 8 October 2026 via checked.be.