ANRENKO: 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.
ANRENKO
Largest movements
- Cash +€320,366
up €320,366 (+118.1%), from €271,214 to €591,579
mainly Net result for the year (+€418,834) and Other debts (+€349,039)
- Current investments +€121,054
up €121,054 (+22.6%), from €536,754 to €657,808
- Tangible fixed assets -€34,050
down €34,050 (-23.0%), from €147,868 to €113,818
of which Furniture and vehicles: -€31,648
- Other debts +€349,039
up €349,039 (+133.6%), from €261,316 to €610,355
- Trade debts +€41,259
up €41,259 (+2944.1%), from €1,401 to €42,660
- Accrued charges and deferred income -€35,127
down €35,127 (-100.0%), from €35,127 to €0
- Reserves +€27,334
up €27,334 (+3.3%), from €820,496 to €847,830
- Tax, wage and social debts +€18,038
up €18,038 (+37.4%), from €48,266 to €66,303
- Depreciation +€7,669
up €7,669 (+23.1%), from €33,247 to €40,915
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 | €1,185,207 | €1,585,749 | +€400,542 | +33.8% |
| Fixed assets | 21/28 | €147,868 | €113,818 | -€34,050 | -23.0% |
| Tangible fixed assets | 22/27 | €147,868 | €113,818 | -€34,050 | -23.0% |
| Land and buildings | 22 | €20,749 | €18,347 | -€2,402 | -11.6% |
| Plant, machinery and equipment | 23 | €14,000 | €14,000 | = | 0.0% |
| Furniture and vehicles | 24 | €113,119 | €81,471 | -€31,648 | -28.0% |
| Current assets | 29/58 | €1,037,339 | €1,471,931 | +€434,592 | +41.9% |
| Current investments | 50/53 | €536,754 | €657,808 | +€121,054 | +22.6% |
| Cash at bank and in hand | 54/58 | €271,214 | €591,579 | +€320,366 | +118.1% |
| Deferred charges and accrued income | 490/1 | €229,371 | €222,543 | -€6,828 | -3.0% |
| Total equity and liabilities | 10/49 | €1,185,207 | €1,585,749 | +€400,542 | +33.8% |
| Equity | 10/15 | €839,096 | €866,430 | +€27,334 | +3.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €820,496 | €847,830 | +€27,334 | +3.3% |
| Distributable reserves | 133 | €820,496 | €847,830 | +€27,334 | +3.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €346,111 | €719,318 | +€373,208 | +107.8% |
| Amounts payable within one year | 42/48 | €310,984 | €719,318 | +€408,335 | +131.3% |
| Trade debts | 44 | €1,401 | €42,660 | +€41,259 | +2944.1% |
| Suppliers | 440/4 | €1,401 | €42,660 | +€41,259 | +2944.1% |
| Taxes, remuneration and social security | 45 | €48,266 | €66,303 | +€18,038 | +37.4% |
| Taxes | 450/3 | €48,266 | €66,303 | +€18,038 | +37.4% |
| Other amounts payable | 47/48 | €261,316 | €610,355 | +€349,039 | +133.6% |
| Accrued charges and deferred income | 492/3 | €35,127 | €0 | -€35,127 | -100.0% |
| Non-recurring operating income | 76A | €7,500 | €0 | -€7,500 | -100.0% |
| Remuneration, social security and pensions | 62 | €12,581 | €12,155 | -€426 | -3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,247 | €40,915 | +€7,669 | +23.1% |
| Other operating charges | 640/8 | €775 | €608 | -€168 | -21.6% |
| Gross operating margin | 9900 | €637,712 | €637,533 | -€179 | 0.0% |
| Operating profit (loss) | 9901 | €591,109 | €583,855 | -€7,254 | -1.2% |
| Financial income | 75/76B | €5,632 | €1,521 | -€4,111 | -73.0% |
| Recurring financial income | 75 | €5,632 | €1,521 | -€4,111 | -73.0% |
| Financial charges | 65/66B | €28,522 | €31,013 | +€2,491 | +8.7% |
| Recurring financial charges | 65 | €28,522 | €31,013 | +€2,491 | +8.7% |
| Profit (loss) for the period before taxes | 9903 | €568,219 | €554,363 | -€13,856 | -2.4% |
| Income taxes | 67/77 | €139,297 | €135,529 | -€3,769 | -2.7% |
| Profit (loss) for the period | 9904 | €428,922 | €418,834 | -€10,088 | -2.4% |
| Profit (loss) for the period to be appropriated | 9905 | €428,922 | €418,834 | -€10,088 | -2.4% |
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 7 October 2026 via checked.be.