ANSE: 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.
ANSE
Largest movements
- Tangible fixed assets -€34,681
down €34,681 (-8.6%), from €404,115 to €369,433
of which Land and buildings: -€19,287
- Cash -€5,770
down €5,770 (-42.6%), from €13,543 to €7,773
mainly Debts after one year (-€24,321) and Net result for the year (-€11,651)
- Debts after one year -€24,321
down €24,321 (-55.3%), from €43,980 to €19,659
of which Financial debts: -€24,321
- Reserves -€11,651
down €11,651 (-4.3%), from €271,934 to €260,282
of which Distributable reserves: -€11,651
- Tax, wage and social debts -€4,524
down €4,524 (-70.1%), from €6,452 to €1,928
- Depreciation -€2,224
down €2,224 (-6.0%), from €36,905 to €34,681
- Financial charges -€2,072
down €2,072 (-42.6%), from €4,863 to €2,792
- Gross operating margin -€1,376
down €1,376 (-4.7%), from €29,339 to €27,963
- Other operating charges -€341
down €341 (-13.7%), from €2,483 to €2,142
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 | €429,688 | €386,503 | -€43,185 | -10.1% |
| Fixed assets | 21/28 | €404,115 | €369,433 | -€34,681 | -8.6% |
| Tangible fixed assets | 22/27 | €404,115 | €369,433 | -€34,681 | -8.6% |
| Land and buildings | 22 | €384,059 | €364,773 | -€19,287 | -5.0% |
| Plant, machinery and equipment | 23 | €16,073 | €4,566 | -€11,507 | -71.6% |
| Furniture and vehicles | 24 | €3,982 | €95 | -€3,887 | -97.6% |
| Current assets | 29/58 | €25,574 | €17,070 | -€8,504 | -33.3% |
| Amounts receivable within one year | 40/41 | €10,998 | €7,758 | -€3,240 | -29.5% |
| Trade receivables | 40 | €10,998 | €7,758 | -€3,240 | -29.5% |
| Cash at bank and in hand | 54/58 | €13,543 | €7,773 | -€5,770 | -42.6% |
| Deferred charges and accrued income | 490/1 | €1,032 | €1,539 | +€507 | +49.1% |
| Total equity and liabilities | 10/49 | €429,688 | €386,503 | -€43,185 | -10.1% |
| Equity | 10/15 | €336,934 | €325,282 | -€11,651 | -3.5% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €271,934 | €260,282 | -€11,651 | -4.3% |
| Tax-exempt reserves | 132 | €108,375 | €108,375 | = | 0.0% |
| Distributable reserves | 133 | €163,559 | €151,908 | -€11,651 | -7.1% |
| Amounts payable | 17/49 | €92,755 | €61,221 | -€31,534 | -34.0% |
| Amounts payable after more than one year | 17 | €43,980 | €19,659 | -€24,321 | -55.3% |
| Financial debts | 170/4 | €37,695 | €13,374 | -€24,321 | -64.5% |
| Other amounts payable | 178/9 | €6,285 | €6,285 | = | 0.0% |
| Amounts payable within one year | 42/48 | €48,774 | €41,562 | -€7,212 | -14.8% |
| Current portion of amounts payable after more than one year | 42 | €26,241 | €24,321 | -€1,920 | -7.3% |
| Trade debts | 44 | €608 | €1,791 | +€1,183 | +194.5% |
| Suppliers | 440/4 | €608 | €1,791 | +€1,183 | +194.5% |
| Taxes, remuneration and social security | 45 | €6,452 | €1,928 | -€4,524 | -70.1% |
| Taxes | 450/3 | €6,452 | €1,928 | -€4,524 | -70.1% |
| Other amounts payable | 47/48 | €15,473 | €13,522 | -€1,952 | -12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,905 | €34,681 | -€2,224 | -6.0% |
| Other operating charges | 640/8 | €2,483 | €2,142 | -€341 | -13.7% |
| Gross operating margin | 9900 | €29,339 | €27,963 | -€1,376 | -4.7% |
| Operating profit (loss) | 9901 | -€10,048 | -€8,860 | +€1,189 | +11.8% |
| Financial income | 75/76B | €0 | €0 | +€0 | +110.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +110.0% |
| Financial charges | 65/66B | €4,863 | €2,792 | -€2,072 | -42.6% |
| Recurring financial charges | 65 | €4,863 | €2,792 | -€2,072 | -42.6% |
| Profit (loss) for the period before taxes | 9903 | -€14,912 | -€11,651 | +€3,261 | +21.9% |
| Profit (loss) for the period | 9904 | -€14,912 | -€11,651 | +€3,261 | +21.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,912 | -€11,651 | +€3,261 | +21.9% |
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.