ANZECO: 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.
ANZECO
Largest movements
- Cash +€18,803
up €18,803 (+32.3%), from €58,301 to €77,103
mainly Net result for the year (+€66,357) and Other debts (+€8,470)
- Profit (loss) carried forward +€66,357
up €66,357 (+29.2%), from -€227,088 to -€160,730
- Debts after one year -€52,830
down €52,830 (-19.1%), from €275,909 to €223,079
- Gross operating margin +€12,930
up €12,930 (+14.4%), from €89,764 to €102,694
- Other operating charges -€3,902
down €3,902 (-15.6%), from €24,962 to €21,061
- Depreciation +€3,124
up €3,124 (+99.0%), from €3,155 to €6,279
- Financial charges -€2,132
down €2,132 (-19.4%), from €10,976 to €8,844
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 | €1,087,390 | €1,110,985 | +€23,595 | +2.2% |
| Fixed assets | 21/28 | €1,027,707 | €1,032,876 | +€5,169 | +0.5% |
| Tangible fixed assets | 22/27 | €1,018,790 | €1,023,959 | +€5,169 | +0.5% |
| Land and buildings | 22 | €1,011,172 | €1,009,177 | -€1,995 | -0.2% |
| Plant, machinery and equipment | 23 | €1,847 | €2,700 | +€853 | +46.2% |
| Furniture and vehicles | 24 | €5,770 | €12,082 | +€6,312 | +109.4% |
| Financial fixed assets | 28 | €8,917 | €8,917 | = | 0.0% |
| Current assets | 29/58 | €59,683 | €78,108 | +€18,425 | +30.9% |
| Amounts receivable within one year | 40/41 | €1,383 | €1,005 | -€378 | -27.3% |
| Other amounts receivable | 41 | €1,383 | €1,005 | -€378 | -27.3% |
| Cash at bank and in hand | 54/58 | €58,301 | €77,103 | +€18,803 | +32.3% |
| Total equity and liabilities | 10/49 | €1,087,390 | €1,110,985 | +€23,595 | +2.2% |
| Equity | 10/15 | €729,429 | €795,786 | +€66,357 | +9.1% |
| Contributions | 10/11 | €66,931 | €66,931 | = | 0.0% |
| Capital | 10 | €66,931 | €66,931 | = | 0.0% |
| Issued capital | 100 | €66,931 | €66,931 | = | 0.0% |
| Revaluation surpluses | 12 | €858,937 | €858,937 | = | 0.0% |
| Reserves | 13 | €30,648 | €30,648 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,693 | €6,693 | = | 0.0% |
| Legal reserve | 130 | €6,693 | €6,693 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,954 | €7,954 | = | 0.0% |
| Distributable reserves | 133 | €16,000 | €16,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€227,088 | -€160,730 | +€66,357 | +29.2% |
| Amounts payable | 17/49 | €357,961 | €315,199 | -€42,763 | -11.9% |
| Amounts payable after more than one year | 17 | €275,909 | €223,079 | -€52,830 | -19.1% |
| Financial debts | 170/4 | €275,909 | €223,079 | -€52,830 | -19.1% |
| Amounts payable within one year | 42/48 | €82,052 | €91,427 | +€9,375 | +11.4% |
| Current portion of amounts payable after more than one year | 42 | €54,086 | €59,501 | +€5,415 | +10.0% |
| Trade debts | 44 | €18,901 | €14,261 | -€4,641 | -24.6% |
| Suppliers | 440/4 | €18,901 | €14,261 | -€4,641 | -24.6% |
| Taxes, remuneration and social security | 45 | €93 | €223 | +€130 | +140.6% |
| Taxes | 450/3 | €93 | €223 | +€130 | +140.6% |
| Other amounts payable | 47/48 | €8,972 | €17,442 | +€8,470 | +94.4% |
| Accrued charges and deferred income | 492/3 | - | €693 | +€693 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,155 | €6,279 | +€3,124 | +99.0% |
| Other operating charges | 640/8 | €24,962 | €21,061 | -€3,902 | -15.6% |
| Gross operating margin | 9900 | €89,764 | €102,694 | +€12,930 | +14.4% |
| Operating profit (loss) | 9901 | €61,647 | €75,354 | +€13,708 | +22.2% |
| Financial income | 75/76B | - | €70 | +€70 | |
| Recurring financial income | 75 | - | €70 | +€70 | |
| Financial charges | 65/66B | €10,976 | €8,844 | -€2,132 | -19.4% |
| Recurring financial charges | 65 | €10,976 | €8,844 | -€2,132 | -19.4% |
| Profit (loss) for the period before taxes | 9903 | €50,670 | €66,580 | +€15,910 | +31.4% |
| Income taxes | 67/77 | €93 | €223 | +€130 | +140.6% |
| Profit (loss) for the period | 9904 | €50,577 | €66,357 | +€15,780 | +31.2% |
| Profit (loss) for the period to be appropriated | 9905 | €50,577 | €66,357 | +€15,780 | +31.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.