ANVER@LIBRO: 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.
ANVER@LIBRO
Largest movements
- Current investments -€124,050
down €124,050 (-76.9%), from €161,292 to €37,242
- Cash -€7,217
down €7,217 (-16.8%), from €42,956 to €35,739
mainly Contributions, distributions and other (-€184,600) and Investment in fixed assets (net) (-€5,554)
- Reserves -€142,787
down €142,787 (-41.9%), from €340,562 to €197,775
- Financial income +€20,939
up €20,939 (+349.7%), from €5,988 to €26,927
- Taxes +€6,430
up €6,430 (+62.2%), from €10,345 to €16,776
- Gross operating margin -€1,108
down €1,108 (-2.5%), from €45,024 to €43,916
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 | €362,521 | €224,571 | -€137,951 | -38.1% |
| Fixed assets | 21/28 | €152,114 | €150,255 | -€1,859 | -1.2% |
| Tangible fixed assets | 22/27 | €152,065 | €150,205 | -€1,859 | -1.2% |
| Land and buildings | 22 | €152,038 | €150,205 | -€1,832 | -1.2% |
| Furniture and vehicles | 24 | €27 | €0 | -€27 | -100.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €210,407 | €74,316 | -€136,091 | -64.7% |
| Amounts receivable within one year | 40/41 | €3,759 | €1,335 | -€2,424 | -64.5% |
| Trade receivables | 40 | €3,288 | €0 | -€3,288 | -100.0% |
| Other amounts receivable | 41 | €471 | €1,335 | +€864 | +183.6% |
| Current investments | 50/53 | €161,292 | €37,242 | -€124,050 | -76.9% |
| Cash at bank and in hand | 54/58 | €42,956 | €35,739 | -€7,217 | -16.8% |
| Deferred charges and accrued income | 490/1 | €2,400 | €0 | -€2,400 | -100.0% |
| Total equity and liabilities | 10/49 | €362,521 | €224,571 | -€137,951 | -38.1% |
| Equity | 10/15 | €361,562 | €218,775 | -€142,787 | -39.5% |
| Contributions | 10/11 | €21,000 | €21,000 | = | 0.0% |
| Reserves | 13 | €340,562 | €197,775 | -€142,787 | -41.9% |
| Distributable reserves | 133 | €340,562 | €197,775 | -€142,787 | -41.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €959 | €5,796 | +€4,837 | +504.2% |
| Amounts payable within one year | 42/48 | €959 | €2,237 | +€1,278 | +133.2% |
| Trade debts | 44 | €69 | €387 | +€318 | +459.2% |
| Suppliers | 440/4 | €69 | €387 | +€318 | +459.2% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €890 | €1,850 | +€960 | +107.9% |
| Accrued charges and deferred income | 492/3 | €0 | €3,559 | +€3,559 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,113 | €7,413 | +€300 | +4.2% |
| Other operating charges | 640/8 | €4,589 | €4,797 | +€207 | +4.5% |
| Gross operating margin | 9900 | €45,024 | €43,916 | -€1,108 | -2.5% |
| Operating profit (loss) | 9901 | €33,322 | €31,707 | -€1,615 | -4.8% |
| Financial income | 75/76B | €5,988 | €26,927 | +€20,939 | +349.7% |
| Recurring financial income | 75 | €5,988 | €26,927 | +€20,939 | +349.7% |
| Financial charges | 65/66B | €44 | €45 | +€2 | +3.4% |
| Recurring financial charges | 65 | €44 | €45 | +€2 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €39,266 | €58,588 | +€19,322 | +49.2% |
| Income taxes | 67/77 | €10,345 | €16,776 | +€6,430 | +62.2% |
| Profit (loss) for the period | 9904 | €28,921 | €41,813 | +€12,892 | +44.6% |
| Profit (loss) for the period to be appropriated | 9905 | €28,921 | €41,813 | +€12,892 | +44.6% |
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 4 October 2026 via checked.be.