Anseeuw: 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.
Anseeuw
Largest movements
- Tangible fixed assets -€92,335
down €92,335 (-17.7%), from €522,649 to €430,315
of which Furniture and vehicles: -€81,001
- Stocks and contracts -€79,261
down €79,261 (-37.5%), from €211,485 to €132,223
- Receivables within one year +€21,736
up €21,736 (+23.1%), from €94,254 to €115,990
of which Trade receivables: +€33,287
- Cash +€10,638
up €10,638 (+8.1%), from €131,252 to €141,889
mainly Stocks and contracts (+€79,261) and Investment in fixed assets (net) (+€46,721)
- Contributions -€121,167
down €121,167 (-79.6%), from €152,153 to €30,987
- Debts after one year -€31,041
down €31,041 (-10.6%), from €293,921 to €262,880
- Tax, wage and social debts +€25,794
up €25,794 (+314%), from €8,214 to €34,009
of which Taxes: +€21,596
- Other debts -€16,234
down €16,234 (-6.9%), from €236,396 to €220,162
- Reserves +€15,059
up €15,059 (+7.0%), from €214,022 to €229,081
- Gross operating margin +€44,883
up €44,883 (+24.2%), from €185,729 to €230,611
- Staff costs +€22,076
up €22,076 (+46.2%), from €47,753 to €69,830
- Taxes -€12,868
down €12,868 (-69.7%), from €18,454 to €5,585
- Financial income +€3,545
up €3,545 (+414%), from €856 to €4,401
- Depreciation -€2,499
down €2,499 (-5.2%), from €48,112 to €45,613
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.
Derived cash bridge
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 | €962,107 | €823,538 | -€138,569 | -14.4% |
| Fixed assets | 21/28 | €522,649 | €430,315 | -€92,335 | -17.7% |
| Tangible fixed assets | 22/27 | €522,649 | €430,315 | -€92,335 | -17.7% |
| Land and buildings | 22 | €422,868 | €410,672 | -€12,196 | -2.9% |
| Plant, machinery and equipment | 23 | €7,275 | €8,138 | +€862 | +11.9% |
| Furniture and vehicles | 24 | €92,506 | €11,506 | -€81,001 | -87.6% |
| Current assets | 29/58 | €439,458 | €393,223 | -€46,235 | -10.5% |
| Stocks and contracts in progress | 3 | €211,485 | €132,223 | -€79,261 | -37.5% |
| Stocks | 30/36 | €211,485 | €132,223 | -€79,261 | -37.5% |
| Amounts receivable within one year | 40/41 | €94,254 | €115,990 | +€21,736 | +23.1% |
| Trade receivables | 40 | €74,206 | €107,493 | +€33,287 | +44.9% |
| Other amounts receivable | 41 | €20,047 | €8,496 | -€11,551 | -57.6% |
| Cash at bank and in hand | 54/58 | €131,252 | €141,889 | +€10,638 | +8.1% |
| Deferred charges and accrued income | 490/1 | €2,468 | €3,121 | +€653 | +26.5% |
| Total equity and liabilities | 10/49 | €962,107 | €823,538 | -€138,569 | -14.4% |
| Equity | 10/15 | €366,176 | €260,068 | -€106,108 | -29.0% |
| Contributions | 10/11 | €152,153 | €30,987 | -€121,167 | -79.6% |
| Contributions outside capital | 11 | €152,153 | €30,987 | -€121,167 | -79.6% |
| Share premium | 1100/10 | €152,153 | €30,987 | -€121,167 | -79.6% |
| Reserves | 13 | €214,022 | €229,081 | +€15,059 | +7.0% |
| Distributable reserves | 133 | €214,022 | €229,081 | +€15,059 | +7.0% |
| Amounts payable | 17/49 | €595,932 | €563,470 | -€32,462 | -5.4% |
| Amounts payable after more than one year | 17 | €293,921 | €262,880 | -€31,041 | -10.6% |
| Financial debts | 170/4 | €293,921 | €262,880 | -€31,041 | -10.6% |
| Amounts payable within one year | 42/48 | €302,011 | €300,590 | -€1,421 | -0.5% |
| Current portion of amounts payable after more than one year | 42 | €31,733 | €31,733 | = | 0.0% |
| Trade debts | 44 | €25,667 | €14,686 | -€10,982 | -42.8% |
| Suppliers | 440/4 | €25,667 | €14,686 | -€10,982 | -42.8% |
| Taxes, remuneration and social security | 45 | €8,214 | €34,009 | +€25,794 | +314% |
| Taxes | 450/3 | €8,214 | €29,810 | +€21,596 | +263% |
| Remuneration and social security | 454/9 | - | €4,199 | +€4,199 | |
| Other amounts payable | 47/48 | €236,396 | €220,162 | -€16,234 | -6.9% |
| Remuneration, social security and pensions | 62 | €47,753 | €69,830 | +€22,076 | +46.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,112 | €45,613 | -€2,499 | -5.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €879 | €2,636 | +€1,757 | +200% |
| Other operating charges | 640/8 | €6,991 | €6,118 | -€873 | -12.5% |
| Non-recurring operating charges | 66A | - | €70,795 | +€70,795 | |
| Gross operating margin | 9900 | €185,729 | €230,611 | +€44,883 | +24.2% |
| Operating profit (loss) | 9901 | €81,994 | €35,620 | -€46,374 | -56.6% |
| Financial income | 75/76B | €856 | €4,401 | +€3,545 | +414% |
| Recurring financial income | 75 | €856 | €4,401 | +€3,545 | +414% |
| Financial charges | 65/66B | €17,074 | €19,376 | +€2,302 | +13.5% |
| Recurring financial charges | 65 | €17,074 | €19,376 | +€2,302 | +13.5% |
| Profit (loss) for the period before taxes | 9903 | €65,776 | €20,644 | -€45,132 | -68.6% |
| Income taxes | 67/77 | €18,454 | €5,585 | -€12,868 | -69.7% |
| Profit (loss) for the period | 9904 | €47,323 | €15,059 | -€32,264 | -68.2% |
| Profit (loss) for the period to be appropriated | 9905 | €47,323 | €15,059 | -€32,264 | -68.2% |
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 23 October 2026 via checked.be.