ANRO: what changed
Two financial 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.
ANRO
Largest movements
- Cash -€9,833
down €9,833 (-47.5%), from €20,703 to €10,870
mainly Contributions, distributions and other (-€10,000) and Other debts (-€1,001)
- Profit (loss) carried forward -€8,924
down €8,924 (-36.8%), from €24,274 to €15,350
- Taxes -€823
no longer reported in 2025 (was €823)
- Gross operating margin +€242
up €242 (+12.9%), from €1,870 to €2,112
- Other operating charges -€126
down €126 (-19.2%), from €657 to €531
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.
Derived cash bridge
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 | €200,983 | €190,870 | -€10,113 | -5.0% |
| Fixed assets | 21/28 | €180,280 | €180,000 | -€280 | -0.2% |
| Tangible fixed assets | 22/27 | €180,280 | €180,000 | -€280 | -0.2% |
| Land and buildings | 22 | €180,000 | €180,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €280 | - | -€280 | |
| Current assets | 29/58 | €20,703 | €10,870 | -€9,833 | -47.5% |
| Cash at bank and in hand | 54/58 | €20,703 | €10,870 | -€9,833 | -47.5% |
| Total equity and liabilities | 10/49 | €200,983 | €190,870 | -€10,113 | -5.0% |
| Equity | 10/15 | €189,274 | €180,350 | -€8,924 | -4.7% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | - | €150,000 | +€150,000 | |
| Issued capital | 100 | - | €150,000 | +€150,000 | |
| Reserves | 13 | €15,000 | €15,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | - | €15,000 | +€15,000 | |
| Other | 1319 | €15,000 | - | -€15,000 | |
| Profit (loss) carried forward | 14 | €24,274 | €15,350 | -€8,924 | -36.8% |
| Amounts payable | 17/49 | €11,709 | €10,520 | -€1,189 | -10.2% |
| Amounts payable within one year | 42/48 | €11,709 | €10,520 | -€1,189 | -10.2% |
| Taxes, remuneration and social security | 45 | €303 | €115 | -€188 | -62.0% |
| Taxes | 450/3 | €303 | €115 | -€188 | -62.0% |
| Other amounts payable | 47/48 | €11,406 | €10,405 | -€1,001 | -8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €280 | €280 | = | 0.0% |
| Other operating charges | 640/8 | €657 | €531 | -€126 | -19.2% |
| Gross operating margin | 9900 | €1,870 | €2,112 | +€242 | +12.9% |
| Operating profit (loss) | 9901 | €933 | €1,301 | +€368 | +39.4% |
| Financial charges | 65/66B | €225 | €225 | = | 0.0% |
| Recurring financial charges | 65 | €225 | €225 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €708 | €1,076 | +€368 | +52.0% |
| Income taxes | 67/77 | €823 | - | -€823 | |
| Profit (loss) for the period | 9904 | -€115 | €1,076 | +€1,191 | |
| Profit (loss) for the period to be appropriated | 9905 | -€115 | €1,076 | +€1,191 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.