ANSDEV: 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.
ANSDEV
Largest movements
- Tangible fixed assets +€301,649
up €301,649 (+5811.3%), from €5,191 to €306,840
of which Land and buildings: +€303,739
- Cash -€97,943
down €97,943 (-51.4%), from €190,698 to €92,755
mainly Investment in fixed assets (net) (-€304,699) and Receivables within one year (-€40,123)
- Receivables within one year +€40,123
up €40,123 (+57.1%), from €70,233 to €110,356
of which Other amounts receivable: +€60,905
- Debts after one year +€214,939
up €214,939 (+9978.6%), from €2,154 to €217,093
- Profit (loss) carried forward +€72,361
up €72,361 (+73.4%), from €98,651 to €171,012
- Other debts -€40,000
no longer reported in 2025 (was €40,000)
- Tax, wage and social debts -€8,130
no longer reported in 2025 (was €8,130)
- Current portion of long-term debt +€7,507
new in 2025: €7,507
- Gross operating margin +€30,637
up €30,637 (+61.0%), from €50,253 to €80,890
- Taxes -€7,995
no longer reported in 2025 (was €7,995)
- Depreciation +€5,896
up €5,896 (+464.1%), from €1,270 to €7,167
- Other operating charges -€1,360
down €1,360 (-82.2%), from €1,655 to €295
- Financial charges +€892
up €892 (+492.4%), from €181 to €1,073
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 | €278,660 | €518,608 | +€239,948 | +86.1% |
| Fixed assets | 21/28 | €17,530 | €315,062 | +€297,533 | +1697.3% |
| Intangible fixed assets | 21 | €12,159 | €8,042 | -€4,117 | -33.9% |
| Tangible fixed assets | 22/27 | €5,191 | €306,840 | +€301,649 | +5811.3% |
| Land and buildings | 22 | - | €303,739 | +€303,739 | |
| Furniture and vehicles | 24 | €5,191 | €3,101 | -€2,090 | -40.3% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €261,130 | €203,546 | -€57,585 | -22.1% |
| Amounts receivable within one year | 40/41 | €70,233 | €110,356 | +€40,123 | +57.1% |
| Trade receivables | 40 | €33,233 | €12,451 | -€20,782 | -62.5% |
| Other amounts receivable | 41 | €37,000 | €97,905 | +€60,905 | +164.6% |
| Cash at bank and in hand | 54/58 | €190,698 | €92,755 | -€97,943 | -51.4% |
| Deferred charges and accrued income | 490/1 | €200 | €435 | +€235 | +117.4% |
| Total equity and liabilities | 10/49 | €278,660 | €518,608 | +€239,948 | +86.1% |
| Equity | 10/15 | €212,291 | €284,652 | +€72,361 | +34.1% |
| Contributions | 10/11 | €13,640 | €13,640 | = | 0.0% |
| Outside capital | 11 | €13,640 | €13,640 | = | 0.0% |
| Other | 1109/19 | €13,640 | €13,640 | = | 0.0% |
| Reserves | 13 | €100,000 | €100,000 | = | 0.0% |
| Distributable reserves | 133 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €98,651 | €171,012 | +€72,361 | +73.4% |
| Amounts payable | 17/49 | €66,368 | €233,955 | +€167,587 | +252.5% |
| Amounts payable after more than one year | 17 | €2,154 | €217,093 | +€214,939 | +9978.6% |
| Financial debts | 170/4 | €2,154 | €217,093 | +€214,939 | +9978.6% |
| Amounts payable within one year | 42/48 | €64,214 | €16,863 | -€47,352 | -73.7% |
| Current portion of amounts payable after more than one year | 42 | - | €7,507 | +€7,507 | |
| Trade debts | 44 | €16,084 | €9,356 | -€6,728 | -41.8% |
| Suppliers | 440/4 | €16,084 | €9,356 | -€6,728 | -41.8% |
| Taxes, remuneration and social security | 45 | €8,130 | - | -€8,130 | |
| Taxes | 450/3 | €8,130 | - | -€8,130 | |
| Other amounts payable | 47/48 | €40,000 | - | -€40,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,270 | €7,167 | +€5,896 | +464.1% |
| Other operating charges | 640/8 | €1,655 | €295 | -€1,360 | -82.2% |
| Gross operating margin | 9900 | €50,253 | €80,890 | +€30,637 | +61.0% |
| Operating profit (loss) | 9901 | €47,327 | €73,428 | +€26,101 | +55.2% |
| Financial income | 75/76B | €1 | €5 | +€4 | +418.0% |
| Recurring financial income | 75 | €1 | €5 | +€4 | +418.0% |
| Financial charges | 65/66B | €181 | €1,073 | +€892 | +492.4% |
| Recurring financial charges | 65 | €181 | €1,073 | +€892 | +492.4% |
| Profit (loss) for the period before taxes | 9903 | €47,147 | €72,361 | +€25,214 | +53.5% |
| Income taxes | 67/77 | €7,995 | - | -€7,995 | |
| Profit (loss) for the period | 9904 | €39,152 | €72,361 | +€33,209 | +84.8% |
| Profit (loss) for the period to be appropriated | 9905 | €39,152 | €72,361 | +€33,209 | +84.8% |
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 9 October 2026 via checked.be.