ANSI: 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.
What changed
ANSI
NACE 46.423, Wholesale of clothing, excluding workwear and underwear
fiscal year 2025 against 2026filed annual accounts (NBB)
Net result for the year
€14,898
2025 · €27,971-€13,073
Equity
€939,529
2025 · €924,631+€14,898
Cash
€172
2025 · €7,126-€6,954
Balance sheet total
€5.3m
2025 · €5.4m-€138,731
Largest movements
Assets
- Receivables within one year -€103,723
down €103,723 (-2.5%), from €4.2m to €4.1m
of which Trade receivables: -€100,104
Equity and liabilities
- Current portion of long-term debt -€148,547
down €148,547 (-46.8%), from €317,407 to €168,860
- Trade debts -€131,120
down €131,120 (-10.4%), from €1.3m to €1.1m
- Debts after one year +€123,536
up €123,536 (+12.2%), from €1.0m to €1.1m
Income statement
- Financial charges -€25,181
down €25,181 (-17.3%), from €145,607 to €120,426
- Staff costs -€22,767
down €22,767 (-10.6%), from €213,956 to €191,188
- Gross operating margin +€21,605
up €21,605 (+6.7%), from €322,380 to €343,985
- Other operating charges -€19,338
down €19,338 (-69.1%), from €27,998 to €8,660
- Write-downs +€10,199
new in 2026: €10,199
From the 2025 result to the 2026 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.
Result 2025
€27,971
Gross operating margin
+€21,605
Staff costs
+€22,767
Depreciation
+€140
Write-downs
-€10,199
Other operating charges
+€19,338
Other operating items
-€89,721
Financial income
-€8,631
Financial charges
+€25,181
Taxes
+€6,447
Result 2026
€14,898
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€43,284
Investment
-€25,227
Financing
-€25,011
Cash 2025
€7,126
From operations (derived)
+€43,284
Net result for the year
+€14,898
Depreciation
+€35,541
Stocks and contracts
+€20,336
Receivables within one year
+€103,723
Deferred charges and accrued income
-€2,596
Trade debts
-€131,120
Tax, wage and social debts
+€5,419
Advances received
+€31,466
Other debts
-€27,500
Accrued charges and deferred income
-€6,883
Investment (derived)
-€25,227
Investment in fixed assets (net)
-€25,227
Financing
-€25,011
Debts after one year
+€123,536
Current portion of long-term debt
-€148,547
Cash 2026
€172
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,405,783 | €5,267,053 | -€138,731 | -2.6% |
| Fixed assets | 21/28 | €1,203,483 | €1,193,169 | -€10,314 | -0.9% |
| Intangible fixed assets | 21 | €2,654 | €0 | -€2,654 | -100.0% |
| Tangible fixed assets | 22/27 | €183,886 | €176,226 | -€7,660 | -4.2% |
| Plant, machinery and equipment | 23 | €183,886 | €154,386 | -€29,500 | -16.0% |
| Furniture and vehicles | 24 | €0 | €21,840 | +€21,840 | |
| Financial fixed assets | 28 | €1,016,943 | €1,016,943 | = | 0.0% |
| Current assets | 29/58 | €4,202,300 | €4,073,883 | -€128,417 | -3.1% |
| Stocks and contracts in progress | 3 | €20,336 | €0 | -€20,336 | -100.0% |
| Stocks | 30/36 | €20,336 | €0 | -€20,336 | -100.0% |
| Amounts receivable within one year | 40/41 | €4,153,999 | €4,050,277 | -€103,723 | -2.5% |
| Trade receivables | 40 | €4,150,381 | €4,050,277 | -€100,104 | -2.4% |
| Other amounts receivable | 41 | €3,619 | €0 | -€3,619 | -100.0% |
| Cash at bank and in hand | 54/58 | €7,126 | €172 | -€6,954 | -97.6% |
| Deferred charges and accrued income | 490/1 | €20,839 | €23,434 | +€2,596 | +12.5% |
| Total equity and liabilities | 10/49 | €5,405,783 | €5,267,053 | -€138,731 | -2.6% |
| Equity | 10/15 | €924,631 | €939,529 | +€14,898 | +1.6% |
| Contributions | 10/11 | €633,863 | €633,863 | = | 0.0% |
| Capital | 10 | €633,863 | €633,863 | = | 0.0% |
| Issued capital | 100 | €633,863 | €633,863 | = | 0.0% |
| Reserves | 13 | €290,768 | €305,666 | +€14,898 | +5.1% |
| Non-distributable reserves | 130/1 | €27,679 | €28,424 | +€745 | +2.7% |
| Legal reserve | 130 | €27,679 | €28,424 | +€745 | +2.7% |
| Distributable reserves | 133 | €263,089 | €277,242 | +€14,153 | +5.4% |
| Amounts payable | 17/49 | €4,481,153 | €4,327,524 | -€153,629 | -3.4% |
| Amounts payable after more than one year | 17 | €1,016,209 | €1,139,745 | +€123,536 | +12.2% |
| Financial debts | 170/4 | €1,016,209 | €1,139,745 | +€123,536 | +12.2% |
| Amounts payable within one year | 42/48 | €3,418,356 | €3,148,075 | -€270,282 | -7.9% |
| Current portion of amounts payable after more than one year | 42 | €317,407 | €168,860 | -€148,547 | -46.8% |
| Financial debts | 43 | €1,000,000 | €1,000,000 | = | 0.0% |
| Credit institutions | 430/8 | €1,000,000 | €1,000,000 | = | 0.0% |
| Trade debts | 44 | €1,256,862 | €1,125,743 | -€131,120 | -10.4% |
| Suppliers | 440/4 | €1,256,862 | €1,125,743 | -€131,120 | -10.4% |
| Advances received on contracts in progress | 46 | €0 | €31,466 | +€31,466 | |
| Taxes, remuneration and social security | 45 | €344,087 | €349,506 | +€5,419 | +1.6% |
| Taxes | 450/3 | €319,500 | €323,147 | +€3,648 | +1.1% |
| Remuneration and social security | 454/9 | €24,587 | €26,358 | +€1,771 | +7.2% |
| Other amounts payable | 47/48 | €500,000 | €472,500 | -€27,500 | -5.5% |
| Accrued charges and deferred income | 492/3 | €46,588 | €39,704 | -€6,883 | -14.8% |
| Remuneration, social security and pensions | 62 | €213,956 | €191,188 | -€22,767 | -10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,681 | €35,541 | -€140 | -0.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €10,199 | +€10,199 | |
| Other operating charges | 640/8 | €27,998 | €8,660 | -€19,338 | -69.1% |
| Non-recurring operating charges | 66A | - | €89,721 | +€89,721 | |
| Gross operating margin | 9900 | €322,380 | €343,985 | +€21,605 | +6.7% |
| Operating profit (loss) | 9901 | €44,745 | €8,676 | -€36,069 | -80.6% |
| Financial income | 75/76B | €143,330 | €134,698 | -€8,631 | -6.0% |
| Recurring financial income | 75 | €143,330 | €134,698 | -€8,631 | -6.0% |
| Financial charges | 65/66B | €145,607 | €120,426 | -€25,181 | -17.3% |
| Recurring financial charges | 65 | €145,607 | €120,426 | -€25,181 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | €42,468 | €22,948 | -€19,520 | -46.0% |
| Income taxes | 67/77 | €14,497 | €8,050 | -€6,447 | -44.5% |
| Profit (loss) for the period | 9904 | €27,971 | €14,898 | -€13,073 | -46.7% |
| Profit (loss) for the period to be appropriated | 9905 | €27,971 | €14,898 | -€13,073 | -46.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.