ANVER: 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.
ANVER
Largest movements
- Tangible fixed assets +€189,709
up €189,709 (+41.6%), from €455,626 to €645,335
- Cash -€7,830
down €7,830 (-39.5%), from €19,802 to €11,972
mainly Investment in fixed assets (net) (-€240,868) and Debts after one year (-€31,782)
- Other debts +€200,000
up €200,000 (+47.4%), from €422,302 to €622,302
- Debts after one year -€31,782
down €31,782 (-15.1%), from €210,830 to €179,048
of which Financial debts: -€31,782
- Profit (loss) carried forward +€9,684
up €9,684 (+4.7%), from -€204,513 to -€194,829
- Gross operating margin +€8,891
up €8,891 (+11.8%), from €75,510 to €84,401
- Depreciation +€5,846
up €5,846 (+12.9%), from €45,313 to €51,159
- Taxes +€2,024
up €2,024, from -€2,000 to €24
- Financial charges -€1,726
down €1,726 (-12.1%), from €14,268 to €12,542
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 | €483,939 | €662,227 | +€178,288 | +36.8% |
| Fixed assets | 21/28 | €455,626 | €645,335 | +€189,709 | +41.6% |
| Tangible fixed assets | 22/27 | €455,626 | €645,335 | +€189,709 | +41.6% |
| Land and buildings | 22 | €455,626 | €645,335 | +€189,709 | +41.6% |
| Current assets | 29/58 | €28,313 | €16,892 | -€11,421 | -40.3% |
| Amounts receivable within one year | 40/41 | €7,649 | €4,110 | -€3,539 | -46.3% |
| Trade receivables | 40 | €7,649 | €4,110 | -€3,539 | -46.3% |
| Cash at bank and in hand | 54/58 | €19,802 | €11,972 | -€7,830 | -39.5% |
| Deferred charges and accrued income | 490/1 | €863 | €811 | -€52 | -6.0% |
| Total equity and liabilities | 10/49 | €483,939 | €662,227 | +€178,288 | +36.8% |
| Equity | 10/15 | -€185,913 | -€176,229 | +€9,684 | +5.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€204,513 | -€194,829 | +€9,684 | +4.7% |
| Amounts payable | 17/49 | €669,852 | €838,456 | +€168,604 | +25.2% |
| Amounts payable after more than one year | 17 | €210,830 | €179,048 | -€31,782 | -15.1% |
| Financial debts | 170/4 | €196,530 | €164,748 | -€31,782 | -16.2% |
| Other amounts payable | 178/9 | €14,300 | €14,300 | = | 0.0% |
| Amounts payable within one year | 42/48 | €457,910 | €658,441 | +€200,531 | +43.8% |
| Current portion of amounts payable after more than one year | 42 | €29,986 | €31,782 | +€1,796 | +6.0% |
| Financial debts | 43 | €2,421 | €2,566 | +€145 | +6.0% |
| Credit institutions | 430/8 | €2,421 | €2,566 | +€145 | +6.0% |
| Trade debts | 44 | €3,201 | €1,791 | -€1,410 | -44.0% |
| Suppliers | 440/4 | €3,201 | €1,791 | -€1,410 | -44.0% |
| Other amounts payable | 47/48 | €422,302 | €622,302 | +€200,000 | +47.4% |
| Accrued charges and deferred income | 492/3 | €1,112 | €967 | -€145 | -13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,313 | €51,159 | +€5,846 | +12.9% |
| Other operating charges | 640/8 | €10,390 | €11,072 | +€682 | +6.6% |
| Gross operating margin | 9900 | €75,510 | €84,401 | +€8,891 | +11.8% |
| Operating profit (loss) | 9901 | €19,806 | €22,169 | +€2,363 | +11.9% |
| Financial income | 75/76B | - | €81 | +€81 | |
| Recurring financial income | 75 | - | €81 | +€81 | |
| Financial charges | 65/66B | €14,268 | €12,542 | -€1,726 | -12.1% |
| Recurring financial charges | 65 | €14,268 | €12,542 | -€1,726 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €5,539 | €9,708 | +€4,170 | +75.3% |
| Income taxes | 67/77 | -€2,000 | €24 | +€2,024 | |
| Profit (loss) for the period | 9904 | €7,539 | €9,684 | +€2,146 | +28.5% |
| Profit (loss) for the period to be appropriated | 9905 | €7,539 | €9,684 | +€2,146 | +28.5% |
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 14 October 2026 via checked.be.