ANSAPA: 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.
ANSAPA
Largest movements
- Cash +€95,453
up €95,453 (+302.2%), from €31,588 to €127,041
mainly Other debts (+€111,963) and Net result for the year (+€89,065)
- Deferred charges and accrued income +€12,886
up €12,886 (+61.5%), from €20,942 to €33,828
- Tangible fixed assets -€5,849
down €5,849 (-8.7%), from €67,082 to €61,233
of which Assets under construction and advance payments: -€60,000
- Receivables within one year +€4,885
up €4,885 (+25.6%), from €19,099 to €23,984
of which Other amounts receivable: +€4,805
- Other debts +€111,963
new in 2025: €111,963
- Profit (loss) carried forward -€47,684
down €47,684 (-100.0%), from €47,684 to €0
- Tax, wage and social debts +€22,304
up €22,304 (+125.7%), from €17,742 to €40,046
- Reserves +€19,100
up €19,100 (+28.2%), from €67,785 to €86,885
of which Tax-exempt reserves: +€42,100
- Taxes -€6,557
down €6,557 (-21.7%), from €30,280 to €23,722
- Depreciation +€6,250
up €6,250 (+160.2%), from €3,901 to €10,151
- Gross operating margin +€1,779
up €1,779 (+1.4%), from €123,366 to €125,146
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 | €138,712 | €246,776 | +€108,064 | +77.9% |
| Fixed assets | 21/28 | €67,082 | €61,923 | -€5,159 | -7.7% |
| Tangible fixed assets | 22/27 | €67,082 | €61,233 | -€5,849 | -8.7% |
| Furniture and vehicles | 24 | €7,082 | €7,333 | +€251 | +3.5% |
| Other tangible fixed assets | 26 | - | €53,900 | +€53,900 | |
| Assets under construction and advance payments | 27 | €60,000 | €0 | -€60,000 | -100.0% |
| Financial fixed assets | 28 | - | €690 | +€690 | |
| Current assets | 29/58 | €71,630 | €184,853 | +€113,223 | +158.1% |
| Amounts receivable within one year | 40/41 | €19,099 | €23,984 | +€4,885 | +25.6% |
| Trade receivables | 40 | €18,904 | €18,984 | +€80 | +0.4% |
| Other amounts receivable | 41 | €195 | €5,000 | +€4,805 | +2460.7% |
| Cash at bank and in hand | 54/58 | €31,588 | €127,041 | +€95,453 | +302.2% |
| Deferred charges and accrued income | 490/1 | €20,942 | €33,828 | +€12,886 | +61.5% |
| Total equity and liabilities | 10/49 | €138,712 | €246,776 | +€108,064 | +77.9% |
| Equity | 10/15 | €120,469 | €91,885 | -€28,584 | -23.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €67,785 | €86,885 | +€19,100 | +28.2% |
| Tax-exempt reserves | 132 | - | €42,100 | +€42,100 | |
| Distributable reserves | 133 | €67,785 | €44,785 | -€23,000 | -33.9% |
| Profit (loss) carried forward | 14 | €47,684 | €0 | -€47,684 | -100.0% |
| Amounts payable | 17/49 | €18,243 | €154,891 | +€136,648 | +749.0% |
| Amounts payable within one year | 42/48 | €18,243 | €154,883 | +€136,640 | +749.0% |
| Trade debts | 44 | €501 | €2,874 | +€2,373 | +473.2% |
| Suppliers | 440/4 | €501 | €2,874 | +€2,373 | +473.2% |
| Taxes, remuneration and social security | 45 | €17,742 | €40,046 | +€22,304 | +125.7% |
| Taxes | 450/3 | €17,742 | €40,046 | +€22,304 | +125.7% |
| Other amounts payable | 47/48 | - | €111,963 | +€111,963 | |
| Accrued charges and deferred income | 492/3 | - | €8 | +€8 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,901 | €10,151 | +€6,250 | +160.2% |
| Other operating charges | 640/8 | €891 | €920 | +€29 | +3.2% |
| Non-recurring operating charges | 66A | €553 | €1,130 | +€577 | +104.4% |
| Gross operating margin | 9900 | €123,366 | €125,146 | +€1,779 | +1.4% |
| Operating profit (loss) | 9901 | €118,022 | €112,945 | -€5,077 | -4.3% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €155 | €158 | +€2 | +1.5% |
| Recurring financial charges | 65 | €155 | €158 | +€2 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | €117,867 | €112,787 | -€5,079 | -4.3% |
| Income taxes | 67/77 | €30,280 | €23,722 | -€6,557 | -21.7% |
| Profit (loss) for the period | 9904 | €87,587 | €89,065 | +€1,478 | +1.7% |
| Transfer to tax-exempt reserves | 689 | - | €42,100 | +€42,100 | |
| Profit (loss) for the period to be appropriated | 9905 | €87,587 | €46,965 | -€40,622 | -46.4% |
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 12 October 2026 via checked.be.