ANEPSY: 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.
ANEPSY
Largest movements
- Receivables within one year -€142,737
down €142,737 (-71.4%), from €199,976 to €57,238
of which Other amounts receivable: -€137,581
- Tangible fixed assets -€26,423
down €26,423 (-8.4%), from €315,608 to €289,185
of which Land and buildings: -€23,900
- Receivables after one year -€6,721
down €6,721 (-13.0%), from €51,830 to €45,109
- Cash -€6,370
down €6,370 (-34.8%), from €18,313 to €11,942
mainly Net result for the year (-€152,997) and Debts after one year (-€42,131)
- Profit (loss) carried forward -€152,997
down €152,997 (-79.4%), from €192,738 to €39,741
- Debts after one year -€42,131
down €42,131 (-13.4%), from €314,865 to €272,734
- Trade debts +€6,311
up €6,311 (+186.3%), from €3,388 to €9,699
- Financial charges +€52,215
up €52,215 (+47.7%), from €109,411 to €161,626
- Gross operating margin +€31,195
up €31,195 (+406.8%), from €7,668 to €38,864
- Financial income -€4,207
down €4,207 (-44.5%), from €9,460 to €5,253
- Other operating charges +€3,244
up €3,244 (+73.6%), from €4,409 to €7,654
- Taxes -€2,087
down €2,087 (-81.8%), from €2,551 to €464
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 | €590,841 | €406,193 | -€184,648 | -31.3% |
| Fixed assets | 21/28 | €315,840 | €289,417 | -€26,423 | -8.4% |
| Tangible fixed assets | 22/27 | €315,608 | €289,185 | -€26,423 | -8.4% |
| Land and buildings | 22 | €291,444 | €267,544 | -€23,900 | -8.2% |
| Plant, machinery and equipment | 23 | €279 | €279 | = | 0.0% |
| Furniture and vehicles | 24 | €5,618 | €5,206 | -€413 | -7.3% |
| Other tangible fixed assets | 26 | €18,267 | €16,156 | -€2,110 | -11.6% |
| Financial fixed assets | 28 | €232 | €232 | = | 0.0% |
| Current assets | 29/58 | €275,001 | €116,776 | -€158,225 | -57.5% |
| Amounts receivable after more than one year | 29 | €51,830 | €45,109 | -€6,721 | -13.0% |
| Other amounts receivable | 291 | €51,830 | €45,109 | -€6,721 | -13.0% |
| Amounts receivable within one year | 40/41 | €199,976 | €57,238 | -€142,737 | -71.4% |
| Trade receivables | 40 | €9,956 | €4,800 | -€5,156 | -51.8% |
| Other amounts receivable | 41 | €190,020 | €52,438 | -€137,581 | -72.4% |
| Cash at bank and in hand | 54/58 | €18,313 | €11,942 | -€6,370 | -34.8% |
| Deferred charges and accrued income | 490/1 | €4,882 | €2,486 | -€2,396 | -49.1% |
| Total equity and liabilities | 10/49 | €590,841 | €406,193 | -€184,648 | -31.3% |
| Equity | 10/15 | €200,798 | €47,801 | -€152,997 | -76.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €192,738 | €39,741 | -€152,997 | -79.4% |
| Amounts payable | 17/49 | €390,043 | €358,392 | -€31,651 | -8.1% |
| Amounts payable after more than one year | 17 | €314,865 | €272,734 | -€42,131 | -13.4% |
| Financial debts | 170/4 | €314,865 | €272,734 | -€42,131 | -13.4% |
| Amounts payable within one year | 42/48 | €75,178 | €85,659 | +€10,480 | +13.9% |
| Current portion of amounts payable after more than one year | 42 | €11,002 | €13,343 | +€2,342 | +21.3% |
| Financial debts | 43 | €20,789 | €20,789 | = | 0.0% |
| Credit institutions | 430/8 | €20,789 | €20,789 | = | 0.0% |
| Trade debts | 44 | €3,388 | €9,699 | +€6,311 | +186.3% |
| Suppliers | 440/4 | €3,388 | €9,699 | +€6,311 | +186.3% |
| Taxes, remuneration and social security | 45 | €0 | €1,828 | +€1,828 | |
| Taxes | 450/3 | €0 | €1,828 | +€1,828 | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €40,000 | €40,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | €303 | +€303 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,972 | €27,371 | +€400 | +1.5% |
| Other operating charges | 640/8 | €4,409 | €7,654 | +€3,244 | +73.6% |
| Gross operating margin | 9900 | €7,668 | €38,864 | +€31,195 | +406.8% |
| Operating profit (loss) | 9901 | -€23,713 | €3,839 | +€27,552 | |
| Financial income | 75/76B | €9,460 | €5,253 | -€4,207 | -44.5% |
| Recurring financial income | 75 | €9,460 | €5,253 | -€4,207 | -44.5% |
| Financial charges | 65/66B | €109,411 | €161,626 | +€52,215 | +47.7% |
| Recurring financial charges | 65 | €109,411 | €161,626 | +€52,215 | +47.7% |
| Profit (loss) for the period before taxes | 9903 | -€123,664 | -€152,533 | -€28,869 | -23.3% |
| Income taxes | 67/77 | €2,551 | €464 | -€2,087 | -81.8% |
| Profit (loss) for the period | 9904 | -€126,215 | -€152,997 | -€26,782 | -21.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€126,215 | -€152,997 | -€26,782 | -21.2% |
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.