ANSHVEER: 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.
ANSHVEER
Largest movements
- Tangible fixed assets +€129,843
up €129,843 (+6125.2%), from €2,120 to €131,963
of which Land and buildings: +€124,566
- Cash -€18,290
down €18,290 (-68.3%), from €26,791 to €8,502
mainly Investment in fixed assets (net) (-€136,080) and Stocks and contracts (-€12,184)
- Stocks and contracts +€12,184
up €12,184 (+131.9%), from €9,237 to €21,421
- Receivables within one year +€4,446
up €4,446 (+47.6%), from €9,343 to €13,789
of which Other amounts receivable: +€13,304
- Debts after one year +€109,943
new in 2025: €109,943
- Reserves +€9,471
up €9,471 (+49.9%), from €18,965 to €28,436
of which Distributable reserves: +€9,471
- Trade debts +€3,209
up €3,209 (+30.7%), from €10,466 to €13,675
- Tax, wage and social debts +€2,445
up €2,445 (+128.9%), from €1,896 to €4,341
of which Taxes: +€2,445
- Current portion of long-term debt +€2,409
up €2,409, from €0 to €2,409
- Gross operating margin +€26,776
up €26,776 (+114.8%), from €23,316 to €50,092
- Other operating charges +€13,066
up €13,066 (+160.9%), from €8,119 to €21,185
- Financial charges +€9,968
up €9,968 (+877.0%), from €1,137 to €11,104
- Depreciation +€2,603
up €2,603 (+71.6%), from €3,634 to €6,237
- Taxes +€899
up €899 (+47.4%), from €1,896 to €2,795
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 | €47,491 | €176,450 | +€128,959 | +271.5% |
| Fixed assets | 21/28 | €2,120 | €131,963 | +€129,843 | +6125.2% |
| Tangible fixed assets | 22/27 | €2,120 | €131,963 | +€129,843 | +6125.2% |
| Land and buildings | 22 | - | €124,566 | +€124,566 | |
| Furniture and vehicles | 24 | €2,120 | €7,397 | +€5,277 | +249.0% |
| Current assets | 29/58 | €45,371 | €44,487 | -€884 | -1.9% |
| Stocks and contracts in progress | 3 | €9,237 | €21,421 | +€12,184 | +131.9% |
| Stocks | 30/36 | €9,237 | €21,421 | +€12,184 | +131.9% |
| Amounts receivable within one year | 40/41 | €9,343 | €13,789 | +€4,446 | +47.6% |
| Trade receivables | 40 | €8,858 | €0 | -€8,858 | -100.0% |
| Other amounts receivable | 41 | €485 | €13,789 | +€13,304 | +2742.1% |
| Current investments | 50/53 | - | €0 | +€0 | |
| Cash at bank and in hand | 54/58 | €26,791 | €8,502 | -€18,290 | -68.3% |
| Deferred charges and accrued income | 490/1 | €0 | €776 | +€776 | |
| Total equity and liabilities | 10/49 | €47,491 | €176,450 | +€128,959 | +271.5% |
| Equity | 10/15 | €25,165 | €34,636 | +€9,471 | +37.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €18,965 | €28,436 | +€9,471 | +49.9% |
| Non-distributable reserves | 130/1 | €19 | €19 | = | 0.0% |
| Reserves not available under the articles | 1311 | €19 | €19 | = | 0.0% |
| Distributable reserves | 133 | €18,947 | €28,417 | +€9,471 | +50.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €22,326 | €141,815 | +€119,489 | +535.2% |
| Amounts payable after more than one year | 17 | - | €109,943 | +€109,943 | |
| Financial debts | 170/4 | - | €109,943 | +€109,943 | |
| Amounts payable within one year | 42/48 | €22,326 | €31,872 | +€9,546 | +42.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | €2,409 | +€2,409 | |
| Financial debts | 43 | €9,964 | €9,947 | -€17 | -0.2% |
| Credit institutions | 430/8 | €9,964 | €9,947 | -€17 | -0.2% |
| Trade debts | 44 | €10,466 | €13,675 | +€3,209 | +30.7% |
| Suppliers | 440/4 | €10,466 | €13,675 | +€3,209 | +30.7% |
| Taxes, remuneration and social security | 45 | €1,896 | €4,341 | +€2,445 | +128.9% |
| Taxes | 450/3 | €1,896 | €4,341 | +€2,445 | +128.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | - | €1,500 | +€1,500 | |
| Non-recurring operating income | 76A | - | €2,880 | +€2,880 | |
| Remuneration, social security and pensions | 62 | -€280 | €0 | +€280 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,634 | €6,237 | +€2,603 | +71.6% |
| Other operating charges | 640/8 | €8,119 | €21,185 | +€13,066 | +160.9% |
| Gross operating margin | 9900 | €23,316 | €50,092 | +€26,776 | +114.8% |
| Operating profit (loss) | 9901 | €11,843 | €22,670 | +€10,827 | +91.4% |
| Financial income | 75/76B | €3 | €700 | +€697 | +21571.5% |
| Recurring financial income | 75 | €3 | €700 | +€697 | +21571.5% |
| Financial charges | 65/66B | €1,137 | €11,104 | +€9,968 | +877.0% |
| Recurring financial charges | 65 | €1,137 | €11,104 | +€9,968 | +877.0% |
| Profit (loss) for the period before taxes | 9903 | €10,710 | €12,266 | +€1,556 | +14.5% |
| Income taxes | 67/77 | €1,896 | €2,795 | +€899 | +47.4% |
| Profit (loss) for the period | 9904 | €8,814 | €9,471 | +€657 | +7.5% |
| Profit (loss) for the period to be appropriated | 9905 | €8,814 | €9,471 | +€657 | +7.5% |
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 11 October 2026 via checked.be.