ANWR: 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.
ANWR
Largest movements
- Stocks and contracts +€64,970
up €64,970 (+322.5%), from €20,147 to €85,118
- Cash +€12,117
up €12,117 (+893.6%), from €1,356 to €13,473
mainly Trade debts (+€32,009) and Net result for the year (+€19,247)
- Tangible fixed assets +€2,347
up €2,347 (+6.3%), from €37,097 to €39,444
of which Plant, machinery and equipment: +€1,696
- Trade debts +€32,009
up €32,009 (+237.4%), from €13,485 to €45,494
- Profit (loss) carried forward +€19,247
up €19,247 (+248.4%), from €7,748 to €26,995
- Tax, wage and social debts +€13,960
up €13,960 (+71.3%), from €19,581 to €33,541
of which Taxes: +€8,239
- Other debts +€8,504
up €8,504 (+70.2%), from €12,121 to €20,625
- Debts after one year +€4,500
new in 2025: €4,500
- Staff costs +€50,044
up €50,044 (+1458.0%), from €3,432 to €53,477
- Gross operating margin +€19,862
up €19,862 (+28.5%), from €69,810 to €89,672
- Taxes -€10,826
down €10,826 (-67.4%), from €16,074 to €5,247
- Depreciation +€3,940
up €3,940 (+276.7%), from €1,424 to €5,364
- Other operating charges +€2,099
up €2,099 (+127.6%), from €1,645 to €3,745
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 | €58,600 | €138,156 | +€79,556 | +135.8% |
| Fixed assets | 21/28 | €37,097 | €39,444 | +€2,347 | +6.3% |
| Tangible fixed assets | 22/27 | €37,097 | €39,444 | +€2,347 | +6.3% |
| Plant, machinery and equipment | 23 | €18,097 | €19,793 | +€1,696 | +9.4% |
| Furniture and vehicles | 24 | €19,000 | €19,651 | +€651 | +3.4% |
| Current assets | 29/58 | €21,503 | €98,712 | +€77,209 | +359.1% |
| Stocks and contracts in progress | 3 | €20,147 | €85,118 | +€64,970 | +322.5% |
| Stocks | 30/36 | €20,147 | €85,118 | +€64,970 | +322.5% |
| Cash at bank and in hand | 54/58 | €1,356 | €13,473 | +€12,117 | +893.6% |
| Deferred charges and accrued income | 490/1 | - | €122 | +€122 | |
| Total equity and liabilities | 10/49 | €58,600 | €138,156 | +€79,556 | +135.8% |
| Equity | 10/15 | €12,748 | €31,995 | +€19,247 | +151.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,748 | €26,995 | +€19,247 | +248.4% |
| Amounts payable | 17/49 | €45,852 | €106,160 | +€60,308 | +131.5% |
| Amounts payable after more than one year | 17 | - | €4,500 | +€4,500 | |
| Financial debts | 170/4 | - | €4,500 | +€4,500 | |
| Amounts payable within one year | 42/48 | €45,852 | €101,660 | +€55,808 | +121.7% |
| Current portion of amounts payable after more than one year | 42 | - | €2,000 | +€2,000 | |
| Trade debts | 44 | €13,485 | €45,494 | +€32,009 | +237.4% |
| Suppliers | 440/4 | €13,485 | €45,494 | +€32,009 | +237.4% |
| Advances received on contracts in progress | 46 | €665 | - | -€665 | |
| Taxes, remuneration and social security | 45 | €19,581 | €33,541 | +€13,960 | +71.3% |
| Taxes | 450/3 | €17,776 | €26,015 | +€8,239 | +46.4% |
| Remuneration and social security | 454/9 | €1,805 | €7,525 | +€5,720 | +316.9% |
| Other amounts payable | 47/48 | €12,121 | €20,625 | +€8,504 | +70.2% |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €3,432 | €53,477 | +€50,044 | +1458.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,424 | €5,364 | +€3,940 | +276.7% |
| Other operating charges | 640/8 | €1,645 | €3,745 | +€2,099 | +127.6% |
| Gross operating margin | 9900 | €69,810 | €89,672 | +€19,862 | +28.5% |
| Operating profit (loss) | 9901 | €63,308 | €27,087 | -€36,221 | -57.2% |
| Financial income | 75/76B | €12 | €36 | +€25 | +213.0% |
| Recurring financial income | 75 | €12 | €36 | +€25 | +213.0% |
| Financial charges | 65/66B | €1,028 | €2,628 | +€1,599 | +155.5% |
| Recurring financial charges | 65 | €1,028 | €2,628 | +€1,599 | +155.5% |
| Profit (loss) for the period before taxes | 9903 | €62,291 | €24,495 | -€37,796 | -60.7% |
| Income taxes | 67/77 | €16,074 | €5,247 | -€10,826 | -67.4% |
| Profit (loss) for the period | 9904 | €46,217 | €19,247 | -€26,970 | -58.4% |
| Profit (loss) for the period to be appropriated | 9905 | €46,217 | €19,247 | -€26,970 | -58.4% |
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.