ANATHERM: 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.
ANATHERM
Largest movements
- Tangible fixed assets -€12,620
down €12,620 (-43.5%), from €29,004 to €16,384
- Cash -€9,652
down €9,652 (-13.3%), from €72,831 to €63,179
mainly Contributions, distributions and other (-€7,857) and Other debts (-€6,999)
- Receivables within one year +€2,218
up €2,218 (+98.0%), from €2,262 to €4,480
of which Other amounts receivable: +€2,201
- Profit (loss) carried forward -€8,647
down €8,647 (-18.4%), from €46,977 to €38,330
- Other debts -€6,999
down €6,999 (-43.0%), from €16,273 to €9,274
- Tax, wage and social debts -€6,916
down €6,916 (-45.9%), from €15,082 to €8,166
- Trade debts +€2,507
up €2,507 (+44.6%), from €5,628 to €8,135
- Gross operating margin -€15,408
down €15,408 (-49.1%), from €31,404 to €15,996
- Depreciation +€6,937
up €6,937 (+122%), from €5,683 to €12,620
- Taxes -€4,418
down €4,418 (-60.1%), from €7,353 to €2,936
- Other operating charges -€1,543
down €1,543 (-65.7%), from €2,350 to €807
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 | €111,597 | €91,542 | -€20,055 | -18.0% |
| Fixed assets | 21/28 | €36,504 | €23,884 | -€12,620 | -34.6% |
| Tangible fixed assets | 22/27 | €29,004 | €16,384 | -€12,620 | -43.5% |
| Furniture and vehicles | 24 | €29,004 | €16,384 | -€12,620 | -43.5% |
| Financial fixed assets | 28 | €7,500 | €7,500 | = | 0.0% |
| Current assets | 29/58 | €75,093 | €67,658 | -€7,435 | -9.9% |
| Amounts receivable within one year | 40/41 | €2,262 | €4,480 | +€2,218 | +98.0% |
| Trade receivables | 40 | €2,262 | €2,279 | +€17 | +0.8% |
| Other amounts receivable | 41 | - | €2,201 | +€2,201 | |
| Cash at bank and in hand | 54/58 | €72,831 | €63,179 | -€9,652 | -13.3% |
| Total equity and liabilities | 10/49 | €111,597 | €91,542 | -€20,055 | -18.0% |
| Equity | 10/15 | €74,614 | €65,967 | -€8,647 | -11.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | - | €18,600 | +€18,600 | |
| Issued capital | 100 | - | €18,600 | +€18,600 | |
| Reserves | 13 | €9,037 | €9,037 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,177 | €7,177 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,977 | €38,330 | -€8,647 | -18.4% |
| Amounts payable | 17/49 | €36,983 | €25,575 | -€11,408 | -30.8% |
| Amounts payable within one year | 42/48 | €36,983 | €25,575 | -€11,408 | -30.8% |
| Trade debts | 44 | €5,628 | €8,135 | +€2,507 | +44.6% |
| Suppliers | 440/4 | €5,628 | €8,135 | +€2,507 | +44.6% |
| Taxes, remuneration and social security | 45 | €15,082 | €8,166 | -€6,916 | -45.9% |
| Taxes | 450/3 | €15,082 | €8,166 | -€6,916 | -45.9% |
| Other amounts payable | 47/48 | €16,273 | €9,274 | -€6,999 | -43.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,683 | €12,620 | +€6,937 | +122% |
| Other operating charges | 640/8 | €2,350 | €807 | -€1,543 | -65.7% |
| Gross operating margin | 9900 | €31,404 | €15,996 | -€15,408 | -49.1% |
| Operating profit (loss) | 9901 | €23,372 | €2,569 | -€20,803 | -89.0% |
| Financial income | 75/76B | €426 | €360 | -€66 | -15.5% |
| Recurring financial income | 75 | €426 | €360 | -€66 | -15.5% |
| Financial charges | 65/66B | €1,060 | €782 | -€277 | -26.2% |
| Recurring financial charges | 65 | €1,060 | €782 | -€277 | -26.2% |
| Profit (loss) for the period before taxes | 9903 | €22,737 | €2,146 | -€20,592 | -90.6% |
| Income taxes | 67/77 | €7,353 | €2,936 | -€4,418 | -60.1% |
| Profit (loss) for the period | 9904 | €15,384 | -€790 | -€16,174 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,384 | -€790 | -€16,174 |
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 20 October 2026 via checked.be.