ANPHILD: 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.
ANPHILD
Largest movements
- Stocks and contracts +€228,797
up €228,797 (+515.2%), from €44,410 to €273,208
- Receivables within one year +€209,634
up €209,634 (+123.4%), from €169,933 to €379,567
of which Trade receivables: +€209,528
- Cash +€17,935
up €17,935 (+29.3%), from €61,193 to €79,128
mainly Trade debts (+€358,105) and Net result for the year (+€83,211)
- Trade debts +€358,105
up €358,105 (+307.3%), from €116,514 to €474,620
- Reserves +€83,211
up €83,211 (+60.6%), from €137,202 to €220,413
- Tax, wage and social debts +€15,030
up €15,030 (+219.7%), from €6,840 to €21,870
- Gross operating margin -€48,303
down €48,303 (-32.7%), from €147,855 to €99,552
- Taxes +€8,259
up €8,259 (+119.0%), from €6,939 to €15,198
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 | €275,556 | €731,903 | +€456,347 | +165.6% |
| Current assets | 29/58 | €275,556 | €731,903 | +€456,347 | +165.6% |
| Stocks and contracts in progress | 3 | €44,410 | €273,208 | +€228,797 | +515.2% |
| Stocks | 30/36 | €44,410 | €273,208 | +€228,797 | +515.2% |
| Amounts receivable within one year | 40/41 | €169,933 | €379,567 | +€209,634 | +123.4% |
| Trade receivables | 40 | €169,775 | €379,303 | +€209,528 | +123.4% |
| Other amounts receivable | 41 | €158 | €264 | +€106 | +67.3% |
| Cash at bank and in hand | 54/58 | €61,193 | €79,128 | +€17,935 | +29.3% |
| Deferred charges and accrued income | 490/1 | €21 | - | -€21 | |
| Total equity and liabilities | 10/49 | €275,556 | €731,903 | +€456,347 | +165.6% |
| Equity | 10/15 | €152,202 | €235,413 | +€83,211 | +54.7% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €137,202 | €220,413 | +€83,211 | +60.6% |
| Distributable reserves | 133 | €137,202 | €220,413 | +€83,211 | +60.6% |
| Amounts payable | 17/49 | €123,354 | €496,490 | +€373,135 | +302.5% |
| Amounts payable within one year | 42/48 | €123,354 | €496,490 | +€373,135 | +302.5% |
| Trade debts | 44 | €116,514 | €474,620 | +€358,105 | +307.3% |
| Suppliers | 440/4 | €116,514 | €474,620 | +€358,105 | +307.3% |
| Taxes, remuneration and social security | 45 | €6,840 | €21,870 | +€15,030 | +219.7% |
| Taxes | 450/3 | €6,840 | €21,870 | +€15,030 | +219.7% |
| Other operating charges | 640/8 | €203 | €120 | -€83 | -40.9% |
| Gross operating margin | 9900 | €147,855 | €99,552 | -€48,303 | -32.7% |
| Operating profit (loss) | 9901 | €147,652 | €99,432 | -€48,220 | -32.7% |
| Financial income | 75/76B | €331 | €581 | +€250 | +75.7% |
| Recurring financial income | 75 | €331 | €581 | +€250 | +75.7% |
| Financial charges | 65/66B | €2,070 | €1,603 | -€467 | -22.6% |
| Recurring financial charges | 65 | €2,070 | €1,603 | -€467 | -22.6% |
| Profit (loss) for the period before taxes | 9903 | €145,912 | €98,409 | -€47,503 | -32.6% |
| Income taxes | 67/77 | €6,939 | €15,198 | +€8,259 | +119.0% |
| Profit (loss) for the period | 9904 | €138,973 | €83,211 | -€55,762 | -40.1% |
| Profit (loss) for the period to be appropriated | 9905 | €138,973 | €83,211 | -€55,762 | -40.1% |
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 5 October 2026 via checked.be.