ANRELIM: 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.
ANRELIM
Largest movements
- Current investments -€750,000
no longer reported in 2025 (was €750,000)
- Cash -€231,400
down €231,400 (-27.3%), from €847,768 to €616,368
mainly Other debts (-€920,000) and Net result for the year (-€54,335)
- Other debts -€920,000
down €920,000 (-100.0%), from €920,000 to €0
- Profit (loss) carried forward -€54,335
down €54,335, from €1,859 to -€52,476
- Gross operating margin -€1.8m
down €1.8m, from €1.8m to -€56,934
- Taxes -€351,792
down €351,792 (-100.0%), from €351,807 to €15
- Financial income -€18,248
down €18,248 (-80.4%), from €22,690 to €4,442
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 | €1,954,105 | €974,038 | -€980,067 | -50.2% |
| Fixed assets | 21/28 | €356,337 | €356,337 | = | 0.0% |
| Tangible fixed assets | 22/27 | €353,950 | €353,950 | = | 0.0% |
| Land and buildings | 22 | €353,950 | €353,950 | = | 0.0% |
| Financial fixed assets | 28 | €2,387 | €2,387 | = | 0.0% |
| Current assets | 29/58 | €1,597,768 | €617,701 | -€980,067 | -61.3% |
| Amounts receivable within one year | 40/41 | - | €1,333 | +€1,333 | |
| Other amounts receivable | 41 | - | €1,333 | +€1,333 | |
| Current investments | 50/53 | €750,000 | - | -€750,000 | |
| Cash at bank and in hand | 54/58 | €847,768 | €616,368 | -€231,400 | -27.3% |
| Total equity and liabilities | 10/49 | €1,954,105 | €974,038 | -€980,067 | -50.2% |
| Equity | 10/15 | €683,358 | €629,023 | -€54,335 | -8.0% |
| Contributions | 10/11 | €630,043 | €630,043 | = | 0.0% |
| Capital | 10 | €630,043 | €630,043 | = | 0.0% |
| Issued capital | 100 | €630,043 | €630,043 | = | 0.0% |
| Reserves | 13 | €51,457 | €51,457 | = | 0.0% |
| Non-distributable reserves | 130/1 | €51,457 | €51,457 | = | 0.0% |
| Legal reserve | 130 | €51,457 | €51,457 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,859 | -€52,476 | -€54,335 | |
| Amounts payable | 17/49 | €1,270,748 | €345,015 | -€925,732 | -72.8% |
| Amounts payable within one year | 42/48 | €1,270,748 | €345,015 | -€925,732 | -72.8% |
| Trade debts | 44 | €5,748 | - | -€5,748 | |
| Suppliers | 440/4 | €5,748 | - | -€5,748 | |
| Taxes, remuneration and social security | 45 | €345,000 | €345,015 | +€15 | 0.0% |
| Taxes | 450/3 | €345,000 | €345,015 | +€15 | 0.0% |
| Other amounts payable | 47/48 | €920,000 | €0 | -€920,000 | -100.0% |
| Non-recurring operating income | 76A | €1,862,919 | - | -€1.9m | |
| Other operating charges | 640/8 | €7,379 | €1,572 | -€5,807 | -78.7% |
| Gross operating margin | 9900 | €1,759,817 | -€56,934 | -€1.8m | |
| Operating profit (loss) | 9901 | €1,752,438 | -€58,505 | -€1.8m | |
| Financial income | 75/76B | €22,690 | €4,442 | -€18,248 | -80.4% |
| Recurring financial income | 75 | €22,690 | €4,442 | -€18,248 | -80.4% |
| Financial charges | 65/66B | €148 | €256 | +€109 | +73.8% |
| Recurring financial charges | 65 | €148 | €256 | +€109 | +73.8% |
| Profit (loss) for the period before taxes | 9903 | €1,774,980 | -€54,320 | -€1.8m | |
| Income taxes | 67/77 | €351,807 | €15 | -€351,792 | -100.0% |
| Profit (loss) for the period | 9904 | €1,423,173 | -€54,335 | -€1.5m | |
| Profit (loss) for the period to be appropriated | 9905 | €1,423,173 | -€54,335 | -€1.5m |
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 29 September 2026 via checked.be.