ANSAFIN: 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.
ANSAFIN
Largest movements
- Intangible fixed assets -€287,971
down €287,971 (-25.0%), from €1.2m to €863,914
- Cash -€195,087
down €195,087 (-66.4%), from €293,623 to €98,536
mainly Net result for the year (-€311,384) and Investment in fixed assets (net) (-€130,989)
- Receivables within one year +€61,733
up €61,733 (+15695.0%), from €393 to €62,126
of which Other amounts receivable: +€62,126
- Profit (loss) carried forward -€304,156
down €304,156 (-96.5%), from €315,343 to €11,187
- Depreciation +€6,954
up €6,954 (+2.0%), from €355,980 to €362,934
- Financial income -€4,395
down €4,395 (-72.5%), from €6,061 to €1,666
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 | €5,981,306 | €5,616,074 | -€365,232 | -6.1% |
| Fixed assets | 21/28 | €5,685,758 | €5,453,814 | -€231,944 | -4.1% |
| Intangible fixed assets | 21 | €1,151,886 | €863,914 | -€287,971 | -25.0% |
| Tangible fixed assets | 22/27 | €574,787 | €630,814 | +€56,027 | +9.7% |
| Land and buildings | 22 | €544,880 | €605,550 | +€60,670 | +11.1% |
| Plant, machinery and equipment | 23 | €29,907 | €25,264 | -€4,643 | -15.5% |
| Financial fixed assets | 28 | €3,959,086 | €3,959,086 | = | 0.0% |
| Current assets | 29/58 | €295,548 | €162,260 | -€133,288 | -45.1% |
| Amounts receivable within one year | 40/41 | €393 | €62,126 | +€61,733 | +15695.0% |
| Trade receivables | 40 | €393 | - | -€393 | |
| Other amounts receivable | 41 | - | €62,126 | +€62,126 | |
| Cash at bank and in hand | 54/58 | €293,623 | €98,536 | -€195,087 | -66.4% |
| Deferred charges and accrued income | 490/1 | €1,531 | €1,598 | +€66 | +4.3% |
| Total equity and liabilities | 10/49 | €5,981,306 | €5,616,074 | -€365,232 | -6.1% |
| Equity | 10/15 | €1,441,885 | €1,130,501 | -€311,384 | -21.6% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €126,542 | €119,314 | -€7,228 | -5.7% |
| Non-distributable reserves | 130/1 | €38,600 | €38,600 | = | 0.0% |
| Legal reserve | 130 | €38,600 | €38,600 | = | 0.0% |
| Tax-exempt reserves | 132 | €87,942 | €80,714 | -€7,228 | -8.2% |
| Profit (loss) carried forward | 14 | €315,343 | €11,187 | -€304,156 | -96.5% |
| Provisions and deferred taxes | 16 | €56,354 | €52,632 | -€3,722 | -6.6% |
| Deferred taxes | 168 | €56,354 | €52,632 | -€3,722 | -6.6% |
| Amounts payable | 17/49 | €4,483,067 | €4,432,941 | -€50,126 | -1.1% |
| Amounts payable within one year | 42/48 | €4,483,067 | €4,432,941 | -€50,126 | -1.1% |
| Trade debts | 44 | €126 | - | -€126 | |
| Suppliers | 440/4 | €126 | - | -€126 | |
| Other amounts payable | 47/48 | €4,482,941 | €4,432,941 | -€50,000 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €355,980 | €362,934 | +€6,954 | +2.0% |
| Other operating charges | 640/8 | €7,167 | €7,265 | +€98 | +1.4% |
| Gross operating margin | 9900 | €53,840 | €53,492 | -€347 | -0.6% |
| Operating profit (loss) | 9901 | -€309,307 | -€316,707 | -€7,400 | -2.4% |
| Financial income | 75/76B | €6,061 | €1,666 | -€4,395 | -72.5% |
| Recurring financial income | 75 | €6,061 | €1,666 | -€4,395 | -72.5% |
| Financial charges | 65/66B | €110 | €66 | -€45 | -40.4% |
| Recurring financial charges | 65 | €110 | €66 | -€45 | -40.4% |
| Profit (loss) for the period before taxes | 9903 | -€303,356 | -€315,106 | -€11,750 | -3.9% |
| Transfer from deferred taxes | 780 | €3,722 | €3,722 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€299,634 | -€311,384 | -€11,750 | -3.9% |
| Transfer from tax-exempt reserves | 789 | €7,228 | €7,228 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €95,170 | - | -€95,170 | |
| Profit (loss) for the period to be appropriated | 9905 | -€387,576 | -€304,156 | +€83,420 | +21.5% |
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 9 October 2026 via checked.be.