ANREBO: what changed
ANREBO
Largest movements
- Receivables within one year -€23,973
down €23,973 (-84.0%), from €28,543 to €4,570
of which Trade receivables: -€23,752
- Tangible fixed assets -€20,884
down €20,884 (-3.1%), from €669,462 to €648,578
of which Land and buildings: -€18,258
- Cash +€15,234
up €15,234 (+467%), from €3,263 to €18,497
mainly Receivables within one year (+€23,973) and Other debts (+€21,267)
- Profit (loss) carried forward -€30,919
down €30,919 (-11.3%), from -€274,369 to -€305,288
- Other debts +€21,267
up €21,267 (+58.0%), from €36,686 to €57,953
- Trade debts -€19,971
down €19,971 (-96.1%), from €20,771 to €800
- Gross operating margin +€21,887
up €21,887 (+161%), from €13,583 to €35,471
- Depreciation -€2,297
down €2,297 (-9.9%), from €23,182 to €20,884
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €703,948 | €674,325 | -€29,623 | -4.2% |
| Fixed assets | 21/28 | €672,142 | €651,258 | -€20,884 | -3.1% |
| Tangible fixed assets | 22/27 | €669,462 | €648,578 | -€20,884 | -3.1% |
| Land and buildings | 22 | €654,831 | €636,573 | -€18,258 | -2.8% |
| Plant, machinery and equipment | 23 | €14,631 | €12,004 | -€2,627 | -18.0% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €2,680 | €2,680 | = | 0.0% |
| Current assets | 29/58 | €31,806 | €23,067 | -€8,739 | -27.5% |
| Amounts receivable within one year | 40/41 | €28,543 | €4,570 | -€23,973 | -84.0% |
| Trade receivables | 40 | €26,209 | €2,456 | -€23,752 | -90.6% |
| Other amounts receivable | 41 | €2,334 | €2,114 | -€220 | -9.4% |
| Cash at bank and in hand | 54/58 | €3,263 | €18,497 | +€15,234 | +467% |
| Total equity and liabilities | 10/49 | €703,948 | €674,325 | -€29,623 | -4.2% |
| Equity | 10/15 | €646,490 | €615,571 | -€30,919 | -4.8% |
| Contributions | 10/11 | €861,180 | €861,180 | = | 0.0% |
| Capital | 10 | €861,180 | €861,180 | = | 0.0% |
| Issued capital | 100 | €956,780 | €956,780 | = | 0.0% |
| Uncalled capital | 101 | €95,600 | €95,600 | = | 0.0% |
| Reserves | 13 | €59,680 | €59,680 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,467 | €4,467 | = | 0.0% |
| Legal reserve | 130 | €4,467 | €4,467 | = | 0.0% |
| Distributable reserves | 133 | €55,212 | €55,212 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€274,369 | -€305,288 | -€30,919 | -11.3% |
| Amounts payable | 17/49 | €57,458 | €58,753 | +€1,296 | +2.3% |
| Amounts payable within one year | 42/48 | €57,458 | €58,753 | +€1,296 | +2.3% |
| Trade debts | 44 | €20,771 | €800 | -€19,971 | -96.1% |
| Suppliers | 440/4 | €20,771 | €800 | -€19,971 | -96.1% |
| Other amounts payable | 47/48 | €36,686 | €57,953 | +€21,267 | +58.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,182 | €20,884 | -€2,297 | -9.9% |
| Other operating charges | 640/8 | €44,897 | €44,775 | -€122 | -0.3% |
| Non-recurring operating charges | 66A | - | €681 | +€681 | |
| Gross operating margin | 9900 | €13,583 | €35,471 | +€21,887 | +161% |
| Operating profit (loss) | 9901 | -€54,495 | -€30,869 | +€23,626 | +43.4% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €50 | €50 | -€1 | -1.6% |
| Recurring financial charges | 65 | €50 | €50 | -€1 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | -€54,546 | -€30,919 | +€23,627 | +43.3% |
| Profit (loss) for the period | 9904 | -€54,546 | -€30,919 | +€23,627 | +43.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€54,546 | -€30,919 | +€23,627 | +43.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.