ANZ-GEEL: 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.
ANZ-GEEL
Largest movements
- Cash +€74,218
up €74,218 (+31.0%), from €239,461 to €313,679
mainly Net result for the year (+€97,392) and Other debts (+€85,680)
- Intangible fixed assets -€32,201
down €32,201 (-51.8%), from €62,201 to €30,000
- Receivables within one year +€12,710
up €12,710 (+30.1%), from €42,229 to €54,939
- Deferred charges and accrued income -€11,859
down €11,859 (-79.8%), from €14,857 to €2,998
- Other debts +€85,680
up €85,680 (+81.9%), from €104,648 to €190,327
- Debts after one year -€39,343
down €39,343 (-19.0%), from €207,500 to €168,157
- Current portion of long-term debt -€11,651
down €11,651 (-22.8%), from €50,994 to €39,343
- Accrued charges and deferred income -€9,792
down €9,792 (-86.0%), from €11,388 to €1,595
- Reserves +€7,392
up €7,392 (+5.2%), from €142,661 to €150,053
- Gross operating margin +€57,041
up €57,041 (+19.4%), from €293,543 to €350,584
- Staff costs +€24,121
up €24,121 (+19.3%), from €125,065 to €149,186
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 | €559,006 | €595,630 | +€36,624 | +6.6% |
| Fixed assets | 21/28 | €257,089 | €224,013 | -€33,076 | -12.9% |
| Intangible fixed assets | 21 | €62,201 | €30,000 | -€32,201 | -51.8% |
| Tangible fixed assets | 22/27 | €194,888 | €194,013 | -€875 | -0.4% |
| Land and buildings | 22 | €117,320 | €115,607 | -€1,713 | -1.5% |
| Plant, machinery and equipment | 23 | €6,023 | €5,669 | -€354 | -5.9% |
| Furniture and vehicles | 24 | €71,546 | €72,738 | +€1,192 | +1.7% |
| Current assets | 29/58 | €301,917 | €371,617 | +€69,700 | +23.1% |
| Amounts receivable after more than one year | 29 | €5,369 | - | -€5,369 | |
| Other amounts receivable | 291 | €5,369 | - | -€5,369 | |
| Amounts receivable within one year | 40/41 | €42,229 | €54,939 | +€12,710 | +30.1% |
| Trade receivables | 40 | €42,229 | €54,939 | +€12,710 | +30.1% |
| Cash at bank and in hand | 54/58 | €239,461 | €313,679 | +€74,218 | +31.0% |
| Deferred charges and accrued income | 490/1 | €14,857 | €2,998 | -€11,859 | -79.8% |
| Total equity and liabilities | 10/49 | €559,006 | €595,630 | +€36,624 | +6.6% |
| Equity | 10/15 | €161,253 | €168,645 | +€7,392 | +4.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €142,661 | €150,053 | +€7,392 | +5.2% |
| Distributable reserves | 133 | €142,661 | €150,053 | +€7,392 | +5.2% |
| Amounts payable | 17/49 | €397,753 | €426,985 | +€29,232 | +7.3% |
| Amounts payable after more than one year | 17 | €207,500 | €168,157 | -€39,343 | -19.0% |
| Financial debts | 170/4 | €207,500 | €168,157 | -€39,343 | -19.0% |
| Amounts payable within one year | 42/48 | €178,865 | €257,232 | +€78,367 | +43.8% |
| Current portion of amounts payable after more than one year | 42 | €50,994 | €39,343 | -€11,651 | -22.8% |
| Trade debts | 44 | €3,133 | €6,264 | +€3,132 | +100.0% |
| Suppliers | 440/4 | €3,133 | €6,264 | +€3,132 | +100.0% |
| Taxes, remuneration and social security | 45 | €20,091 | €21,297 | +€1,207 | +6.0% |
| Taxes | 450/3 | €6,724 | €5,114 | -€1,610 | -23.9% |
| Remuneration and social security | 454/9 | €13,367 | €16,184 | +€2,817 | +21.1% |
| Other amounts payable | 47/48 | €104,648 | €190,327 | +€85,680 | +81.9% |
| Accrued charges and deferred income | 492/3 | €11,388 | €1,595 | -€9,792 | -86.0% |
| Remuneration, social security and pensions | 62 | €125,065 | €149,186 | +€24,121 | +19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,866 | €74,412 | -€454 | -0.6% |
| Other operating charges | 640/8 | €1,750 | €1,833 | +€83 | +4.7% |
| Gross operating margin | 9900 | €293,543 | €350,584 | +€57,041 | +19.4% |
| Operating profit (loss) | 9901 | €91,861 | €125,153 | +€33,292 | +36.2% |
| Financial income | 75/76B | €2,006 | €1,882 | -€124 | -6.2% |
| Recurring financial income | 75 | €2,006 | €1,882 | -€124 | -6.2% |
| Financial charges | 65/66B | €4,498 | €4,139 | -€359 | -8.0% |
| Recurring financial charges | 65 | €4,498 | €4,139 | -€359 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | €89,369 | €122,896 | +€33,527 | +37.5% |
| Income taxes | 67/77 | €28,066 | €25,504 | -€2,563 | -9.1% |
| Profit (loss) for the period | 9904 | €61,303 | €97,392 | +€36,089 | +58.9% |
| Profit (loss) for the period to be appropriated | 9905 | €61,303 | €97,392 | +€36,089 | +58.9% |
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 19 October 2026 via checked.be.