ANRA: 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.
ANRA
Largest movements
- Tangible fixed assets -€34,430
down €34,430 (-10.0%), from €342,957 to €308,527
of which Assets under construction and advance payments: -€17,979
- Receivables within one year +€10,886
up €10,886 (+37.6%), from €28,941 to €39,827
- Debts after one year -€35,513
down €35,513 (-9.9%), from €358,851 to €323,338
- Reserves -€25,257
down €25,257 (-14.9%), from €169,357 to €144,100
of which Distributable reserves: -€25,257
- Other debts +€15,871
up €15,871 (+9.4%), from €169,713 to €185,584
- Trade debts +€9,838
up €9,838 (+96.9%), from €10,156 to €19,994
- Financial income +€28,326
new in 2025: €28,326
- Gross operating margin -€14,942
down €14,942 (-34.3%), from €43,534 to €28,592
- Other operating charges +€2,876
up €2,876 (+218.6%), from €1,316 to €4,192
- Financial charges +€733
up €733 (+5.1%), from €14,488 to €15,221
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 | €755,726 | €728,004 | -€27,722 | -3.7% |
| Fixed assets | 21/28 | €698,306 | €663,876 | -€34,430 | -4.9% |
| Tangible fixed assets | 22/27 | €342,957 | €308,527 | -€34,430 | -10.0% |
| Land and buildings | 22 | €55,388 | €51,263 | -€4,125 | -7.4% |
| Furniture and vehicles | 24 | €47,007 | €34,681 | -€12,326 | -26.2% |
| Assets under construction and advance payments | 27 | €240,562 | €222,583 | -€17,979 | -7.5% |
| Financial fixed assets | 28 | €355,349 | €355,349 | = | 0.0% |
| Current assets | 29/58 | €57,419 | €64,128 | +€6,708 | +11.7% |
| Amounts receivable within one year | 40/41 | €28,941 | €39,827 | +€10,886 | +37.6% |
| Other amounts receivable | 41 | €28,941 | €39,827 | +€10,886 | +37.6% |
| Cash at bank and in hand | 54/58 | €24,154 | €20,513 | -€3,642 | -15.1% |
| Deferred charges and accrued income | 490/1 | €4,324 | €3,788 | -€536 | -12.4% |
| Total equity and liabilities | 10/49 | €755,726 | €728,004 | -€27,722 | -3.7% |
| Equity | 10/15 | €168,845 | €150,897 | -€17,948 | -10.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €169,357 | €144,100 | -€25,257 | -14.9% |
| 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 | €167,497 | €142,240 | -€25,257 | -15.1% |
| Profit (loss) carried forward | 14 | -€6,712 | €597 | +€7,309 | |
| Amounts payable | 17/49 | €586,881 | €577,107 | -€9,774 | -1.7% |
| Amounts payable after more than one year | 17 | €358,851 | €323,338 | -€35,513 | -9.9% |
| Financial debts | 170/4 | €358,851 | €323,338 | -€35,513 | -9.9% |
| Amounts payable within one year | 42/48 | €228,030 | €253,769 | +€25,739 | +11.3% |
| Current portion of amounts payable after more than one year | 42 | €34,701 | €35,513 | +€812 | +2.3% |
| Financial debts | 43 | €5,087 | €382 | -€4,704 | -92.5% |
| Credit institutions | 430/8 | €5,087 | €382 | -€4,704 | -92.5% |
| Trade debts | 44 | €10,156 | €19,994 | +€9,838 | +96.9% |
| Suppliers | 440/4 | €10,156 | €19,994 | +€9,838 | +96.9% |
| Taxes, remuneration and social security | 45 | €8,374 | €12,296 | +€3,922 | +46.8% |
| Taxes | 450/3 | €6,058 | €9,599 | +€3,541 | +58.4% |
| Remuneration and social security | 454/9 | €2,316 | €2,697 | +€381 | +16.5% |
| Other amounts payable | 47/48 | €169,713 | €185,584 | +€15,871 | +9.4% |
| Non-recurring operating income | 76A | €8,250 | €162 | -€8,088 | -98.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,430 | €34,430 | = | 0.0% |
| Other operating charges | 640/8 | €1,316 | €4,192 | +€2,876 | +218.6% |
| Gross operating margin | 9900 | €43,534 | €28,592 | -€14,942 | -34.3% |
| Operating profit (loss) | 9901 | €7,788 | -€10,030 | -€17,818 | |
| Financial income | 75/76B | - | €28,326 | +€28,326 | |
| Recurring financial income | 75 | - | €28,326 | +€28,326 | |
| Financial charges | 65/66B | €14,488 | €15,221 | +€733 | +5.1% |
| Recurring financial charges | 65 | €14,488 | €15,221 | +€733 | +5.1% |
| Profit (loss) for the period before taxes | 9903 | -€6,700 | €3,074 | +€9,774 | |
| Income taxes | 67/77 | €13 | -€108 | -€121 | |
| Profit (loss) for the period | 9904 | -€6,712 | €3,182 | +€9,895 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,712 | €3,182 | +€9,895 |
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.