ANSEY: 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.
ANSEY
Largest movements
- Tangible fixed assets +€4.8m
up €4.8m (+756.9%), from €629,300 to €5.4m
of which Land and buildings: +€4.8m
- Financial fixed assets +€1.1m
new in 2025: €1.1m
- Debts after one year +€5.9m
new in 2025: €5.9m
of which Financial debts: +€3.3m
- Profit (loss) carried forward -€158,519
down €158,519 (-425.7%), from -€37,240 to -€195,758
- Current portion of long-term debt +€152,154
new in 2025: €152,154
- Depreciation +€186,216
up €186,216 (+595.0%), from €31,295 to €217,512
- Gross operating margin +€60,707
up €60,707 (+112.1%), from €54,152 to €114,859
- Financial charges +€27,975
up €27,975 (+121.7%), from €22,994 to €50,969
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 | €635,766 | €6,509,260 | +€5.9m | +923.8% |
| Fixed assets | 21/28 | €629,300 | €6,492,626 | +€5.9m | +931.7% |
| Tangible fixed assets | 22/27 | €629,300 | €5,392,626 | +€4.8m | +756.9% |
| Land and buildings | 22 | €610,190 | €5,380,835 | +€4.8m | +781.8% |
| Furniture and vehicles | 24 | €19,110 | €11,791 | -€7,319 | -38.3% |
| Financial fixed assets | 28 | - | €1,100,000 | +€1.1m | |
| Current assets | 29/58 | €6,465 | €16,634 | +€10,169 | +157.3% |
| Amounts receivable within one year | 40/41 | €413 | €699 | +€286 | +69.4% |
| Trade receivables | 40 | €413 | €699 | +€286 | +69.4% |
| Cash at bank and in hand | 54/58 | €5,822 | €15,697 | +€9,875 | +169.6% |
| Deferred charges and accrued income | 490/1 | €231 | €239 | +€8 | +3.3% |
| Total equity and liabilities | 10/49 | €635,766 | €6,509,260 | +€5.9m | +923.8% |
| Equity | 10/15 | -€18,640 | -€177,158 | -€158,519 | -850.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,240 | -€195,758 | -€158,519 | -425.7% |
| Amounts payable | 17/49 | €654,405 | €6,686,418 | +€6.0m | +921.8% |
| Amounts payable after more than one year | 17 | - | €5,925,380 | +€5.9m | |
| Financial debts | 170/4 | - | €3,303,116 | +€3.3m | |
| Other amounts payable | 178/9 | - | €2,622,264 | +€2.6m | |
| Amounts payable within one year | 42/48 | €648,905 | €755,539 | +€106,633 | +16.4% |
| Current portion of amounts payable after more than one year | 42 | - | €152,154 | +€152,154 | |
| Financial debts | 43 | €386,646 | €333,310 | -€53,336 | -13.8% |
| Credit institutions | 430/8 | €386,646 | €333,310 | -€53,336 | -13.8% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €59 | €75 | +€16 | +26.2% |
| Taxes | 450/3 | €59 | €75 | +€16 | +26.2% |
| Other amounts payable | 47/48 | €262,200 | €270,000 | +€7,800 | +3.0% |
| Accrued charges and deferred income | 492/3 | €5,500 | €5,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,295 | €217,512 | +€186,216 | +595.0% |
| Other operating charges | 640/8 | €4,618 | €4,823 | +€204 | +4.4% |
| Gross operating margin | 9900 | €54,152 | €114,859 | +€60,707 | +112.1% |
| Operating profit (loss) | 9901 | €18,238 | -€107,475 | -€125,713 | |
| Financial charges | 65/66B | €22,994 | €50,969 | +€27,975 | +121.7% |
| Recurring financial charges | 65 | €22,994 | €50,969 | +€27,975 | +121.7% |
| Profit (loss) for the period before taxes | 9903 | -€4,755 | -€158,444 | -€153,689 | -3232.0% |
| Income taxes | 67/77 | €59 | €75 | +€16 | +26.2% |
| Profit (loss) for the period | 9904 | -€4,815 | -€158,519 | -€153,704 | -3192.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,815 | -€158,519 | -€153,704 | -3192.5% |
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 6 October 2026 via checked.be.