ANSELMO: 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.
ANSELMO
Largest movements
- Tangible fixed assets -€58,063
down €58,063 (-2.9%), from €2.0m to €1.9m
of which Land and buildings: -€51,955
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€9,744
up €9,744 (+42.5%), from €22,905 to €32,648
- Other operating charges +€8,080
up €8,080 (+431.1%), from €1,874 to €9,954
- Financial income +€7,479
up €7,479 (+29.8%), from €25,069 to €32,548
- Depreciation +€1,102
up €1,102 (+1.9%), from €59,061 to €60,163
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 | €2,908,593 | €2,882,119 | -€26,474 | -0.9% |
| Fixed assets | 21/28 | €2,596,467 | €2,538,404 | -€58,063 | -2.2% |
| Tangible fixed assets | 22/27 | €1,996,467 | €1,938,404 | -€58,063 | -2.9% |
| Land and buildings | 22 | €1,962,323 | €1,910,368 | -€51,955 | -2.6% |
| Plant, machinery and equipment | 23 | €34,144 | €28,036 | -€6,107 | -17.9% |
| Financial fixed assets | 28 | €600,000 | €600,000 | = | 0.0% |
| Current assets | 29/58 | €312,127 | €343,716 | +€31,589 | +10.1% |
| Amounts receivable within one year | 40/41 | €5,792 | €26,980 | +€21,188 | +365.8% |
| Trade receivables | 40 | - | €2,548 | +€2,548 | |
| Other amounts receivable | 41 | €5,792 | €24,432 | +€18,640 | +321.8% |
| Current investments | 50/53 | €251,143 | €251,143 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €55,192 | €65,593 | +€10,401 | +18.8% |
| Total equity and liabilities | 10/49 | €2,908,593 | €2,882,119 | -€26,474 | -0.9% |
| Equity | 10/15 | €820,195 | €817,365 | -€2,830 | -0.3% |
| Contributions | 10/11 | €148,736 | €148,736 | = | 0.0% |
| Capital | 10 | €148,736 | €148,736 | = | 0.0% |
| Issued capital | 100 | €148,736 | €148,736 | = | 0.0% |
| Reserves | 13 | €254,005 | €247,579 | -€6,426 | -2.5% |
| Non-distributable reserves | 130/1 | €14,874 | €14,874 | = | 0.0% |
| Legal reserve | 130 | €14,874 | €14,874 | = | 0.0% |
| Tax-exempt reserves | 132 | €235,195 | €228,769 | -€6,426 | -2.7% |
| Distributable reserves | 133 | €3,937 | €3,937 | = | 0.0% |
| Profit (loss) carried forward | 14 | €417,454 | €421,050 | +€3,596 | +0.9% |
| Provisions and deferred taxes | 16 | €78,398 | €76,256 | -€2,142 | -2.7% |
| Deferred taxes | 168 | €78,398 | €76,256 | -€2,142 | -2.7% |
| Amounts payable | 17/49 | €2,010,000 | €1,988,498 | -€21,502 | -1.1% |
| Amounts payable after more than one year | 17 | €2,010,000 | €1,985,000 | -€25,000 | -1.2% |
| Financial debts | 170/4 | €2,010,000 | €1,985,000 | -€25,000 | -1.2% |
| Amounts payable within one year | 42/48 | - | €3,498 | +€3,498 | |
| Trade debts | 44 | - | €3,498 | +€3,498 | |
| Suppliers | 440/4 | - | €3,498 | +€3,498 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,061 | €60,163 | +€1,102 | +1.9% |
| Other operating charges | 640/8 | €1,874 | €9,954 | +€8,080 | +431.1% |
| Gross operating margin | 9900 | €22,905 | €32,648 | +€9,744 | +42.5% |
| Operating profit (loss) | 9901 | -€38,031 | -€37,469 | +€562 | +1.5% |
| Financial income | 75/76B | €25,069 | €32,548 | +€7,479 | +29.8% |
| Recurring financial income | 75 | €25,069 | €32,548 | +€7,479 | +29.8% |
| Financial charges | 65/66B | €60 | €51 | -€9 | -15.3% |
| Recurring financial charges | 65 | €60 | €51 | -€9 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | -€13,023 | -€4,972 | +€8,051 | +61.8% |
| Transfer from deferred taxes | 780 | €2,142 | €2,142 | = | 0.0% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€10,881 | -€2,830 | +€8,051 | +74.0% |
| Transfer from tax-exempt reserves | 789 | €6,426 | €6,426 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,455 | €3,596 | +€8,051 |
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 5 October 2026 via checked.be.