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
- Tangible fixed assets +€255,858
up €255,858 (+278,592%), from €92 to €255,950
of which Land and buildings: +€222,745
- Cash +€41,920
up €41,920 (+582%), from €7,197 to €49,117
mainly Debts after one year (+€205,352) and Other debts (+€79,696)
- Stocks and contracts +€18,611
up €18,611 (+70.3%), from €26,467 to €45,078
of which Stocks: +€21,411
- Receivables within one year +€10,159
up €10,159 (+414%), from €2,456 to €12,616
of which Other amounts receivable: +€9,496
- Debts after one year +€205,352
up €205,352 (+1,081%), from €19,000 to €224,352
- Other debts +€79,696
up €79,696 (+1,296%), from €6,150 to €85,846
- Trade debts +€60,547
up €60,547 (+10,434%), from €580 to €61,127
- Profit (loss) carried forward -€36,154
down €36,154 (-1,449%), from -€2,495 to -€38,649
- Current portion of long-term debt +€16,958
new in 2025: €16,958
- Other operating charges +€16,043
up €16,043 (+3,175%), from €505 to €16,548
- Gross operating margin -€15,515
down €15,515, from €2,358 to -€13,158
- Depreciation +€3,145
up €3,145 (+600%), from €524 to €3,670
- Financial charges +€2,225
up €2,225 (+389%), from €572 to €2,797
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 | €36,212 | €362,761 | +€326,549 | +902% |
| Fixed assets | 21/28 | €92 | €255,950 | +€255,858 | +278,592% |
| Tangible fixed assets | 22/27 | €92 | €255,950 | +€255,858 | +278,592% |
| Land and buildings | 22 | - | €222,745 | +€222,745 | |
| Plant, machinery and equipment | 23 | €0 | €21,938 | +€21,938 | |
| Furniture and vehicles | 24 | €92 | €11,268 | +€11,176 | +12,169% |
| Current assets | 29/58 | €36,120 | €106,811 | +€70,690 | +196% |
| Stocks and contracts in progress | 3 | €26,467 | €45,078 | +€18,611 | +70.3% |
| Stocks | 30/36 | €23,667 | €45,078 | +€21,411 | +90.5% |
| Contracts in progress | 37 | €2,800 | €0 | -€2,800 | -100% |
| Amounts receivable within one year | 40/41 | €2,456 | €12,616 | +€10,159 | +414% |
| Trade receivables | 40 | €2,456 | €3,119 | +€663 | +27.0% |
| Other amounts receivable | 41 | €0 | €9,496 | +€9,496 | |
| Cash at bank and in hand | 54/58 | €7,197 | €49,117 | +€41,920 | +582% |
| Total equity and liabilities | 10/49 | €36,212 | €362,761 | +€326,549 | +902% |
| Equity | 10/15 | €9,905 | -€26,249 | -€36,154 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,495 | -€38,649 | -€36,154 | -1,449% |
| Amounts payable | 17/49 | €26,307 | €389,010 | +€362,702 | +1,379% |
| Amounts payable after more than one year | 17 | €19,000 | €224,352 | +€205,352 | +1,081% |
| Financial debts | 170/4 | €19,000 | €224,352 | +€205,352 | +1,081% |
| Amounts payable within one year | 42/48 | €7,008 | €164,060 | +€157,051 | +2,241% |
| Current portion of amounts payable after more than one year | 42 | - | €16,958 | +€16,958 | |
| Trade debts | 44 | €580 | €61,127 | +€60,547 | +10,434% |
| Suppliers | 440/4 | €580 | €61,127 | +€60,547 | +10,434% |
| Taxes, remuneration and social security | 45 | €278 | €128 | -€150 | -53.9% |
| Taxes | 450/3 | €278 | €128 | -€150 | -53.9% |
| Other amounts payable | 47/48 | €6,150 | €85,846 | +€79,696 | +1,296% |
| Accrued charges and deferred income | 492/3 | €299 | €599 | +€299 | +100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €524 | €3,670 | +€3,145 | +600% |
| Other operating charges | 640/8 | €505 | €16,548 | +€16,043 | +3,175% |
| Gross operating margin | 9900 | €2,358 | -€13,158 | -€15,515 | |
| Operating profit (loss) | 9901 | €1,328 | -€33,376 | -€34,703 | |
| Financial income | 75/76B | €9 | €19 | +€10 | +104% |
| Recurring financial income | 75 | €9 | €19 | +€10 | +104% |
| Financial charges | 65/66B | €572 | €2,797 | +€2,225 | +389% |
| Recurring financial charges | 65 | €572 | €2,797 | +€2,225 | +389% |
| Profit (loss) for the period before taxes | 9903 | €765 | -€36,154 | -€36,919 | |
| Profit (loss) for the period | 9904 | €765 | -€36,154 | -€36,919 | |
| Profit (loss) for the period to be appropriated | 9905 | €765 | -€36,154 | -€36,919 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.