ANST: 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.
ANST
Largest movements
- Cash -€236,593
down €236,593 (-64.1%), from €369,211 to €132,618
mainly Contributions, distributions and other (-€81,546) and Receivables within one year (-€69,126)
- Receivables within one year +€69,126
up €69,126 (+286.8%), from €24,103 to €93,229
of which Trade receivables: +€77,238
- Tangible fixed assets -€27,525
down €27,525 (-7.0%), from €391,641 to €364,116
of which Land and buildings: -€19,883
- Current portion of long-term debt -€66,068
down €66,068 (-62.5%), from €105,697 to €39,629
- Debts after one year -€62,324
down €62,324 (-26.7%), from €233,321 to €170,997
- Reserves -€51,629
down €51,629 (-9.5%), from €544,314 to €492,685
of which Distributable reserves: -€51,629
- Other debts -€30,522
down €30,522 (-100.0%), from €30,522 to €0
- Tax, wage and social debts +€17,089
up €17,089 (+436.5%), from €3,915 to €21,003
of which Taxes: +€19,474
- Gross operating margin -€344,964
down €344,964 (-80.9%), from €426,518 to €81,554
- Taxes -€83,342
down €83,342 (-85.1%), from €97,946 to €14,604
- Staff costs -€72,425
down €72,425 (-93.4%), from €77,578 to €5,153
- Financial income +€6,197
up €6,197 (+58.8%), from €10,543 to €16,740
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 | €938,487 | €748,649 | -€189,838 | -20.2% |
| Fixed assets | 21/28 | €541,641 | €514,116 | -€27,525 | -5.1% |
| Tangible fixed assets | 22/27 | €391,641 | €364,116 | -€27,525 | -7.0% |
| Land and buildings | 22 | €366,767 | €346,884 | -€19,883 | -5.4% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €19,482 | €11,840 | -€7,642 | -39.2% |
| Other tangible fixed assets | 26 | €5,392 | €5,392 | = | 0.0% |
| Financial fixed assets | 28 | €150,000 | €150,000 | = | 0.0% |
| Current assets | 29/58 | €396,847 | €234,533 | -€162,314 | -40.9% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €24,103 | €93,229 | +€69,126 | +286.8% |
| Trade receivables | 40 | €10,786 | €88,024 | +€77,238 | +716.1% |
| Other amounts receivable | 41 | €13,317 | €5,205 | -€8,112 | -60.9% |
| Cash at bank and in hand | 54/58 | €369,211 | €132,618 | -€236,593 | -64.1% |
| Deferred charges and accrued income | 490/1 | €3,533 | €8,686 | +€5,153 | +145.9% |
| Total equity and liabilities | 10/49 | €938,487 | €748,649 | -€189,838 | -20.2% |
| Equity | 10/15 | €562,906 | €511,277 | -€51,629 | -9.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €544,314 | €492,685 | -€51,629 | -9.5% |
| Tax-exempt reserves | 132 | €6,050 | €6,050 | = | 0.0% |
| Distributable reserves | 133 | €538,264 | €486,635 | -€51,629 | -9.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €375,581 | €237,372 | -€138,209 | -36.8% |
| Amounts payable after more than one year | 17 | €233,321 | €170,997 | -€62,324 | -26.7% |
| Financial debts | 170/4 | €233,321 | €170,997 | -€62,324 | -26.7% |
| Amounts payable within one year | 42/48 | €142,260 | €62,924 | -€79,337 | -55.8% |
| Current portion of amounts payable after more than one year | 42 | €105,697 | €39,629 | -€66,068 | -62.5% |
| Trade debts | 44 | €2,127 | €2,291 | +€165 | +7.7% |
| Suppliers | 440/4 | €2,127 | €2,291 | +€165 | +7.7% |
| Taxes, remuneration and social security | 45 | €3,915 | €21,003 | +€17,089 | +436.5% |
| Taxes | 450/3 | €1,529 | €21,003 | +€19,474 | +1273.5% |
| Remuneration and social security | 454/9 | €2,385 | €0 | -€2,385 | -100.0% |
| Other amounts payable | 47/48 | €30,522 | €0 | -€30,522 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €3,452 | +€3,452 | |
| Non-recurring operating income | 76A | €412,553 | €70,000 | -€342,553 | -83.0% |
| Remuneration, social security and pensions | 62 | €77,578 | €5,153 | -€72,425 | -93.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,779 | €34,006 | +€2,228 | +7.0% |
| Other operating charges | 640/8 | €5,337 | €9,109 | +€3,772 | +70.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €426,518 | €81,554 | -€344,964 | -80.9% |
| Operating profit (loss) | 9901 | €311,824 | €33,286 | -€278,538 | -89.3% |
| Financial income | 75/76B | €10,543 | €16,740 | +€6,197 | +58.8% |
| Recurring financial income | 75 | €10,543 | €16,740 | +€6,197 | +58.8% |
| Financial charges | 65/66B | €9,063 | €5,505 | -€3,559 | -39.3% |
| Recurring financial charges | 65 | €9,063 | €5,505 | -€3,559 | -39.3% |
| Profit (loss) for the period before taxes | 9903 | €313,304 | €44,521 | -€268,783 | -85.8% |
| Income taxes | 67/77 | €97,946 | €14,604 | -€83,342 | -85.1% |
| Profit (loss) for the period | 9904 | €215,358 | €29,917 | -€185,441 | -86.1% |
| Profit (loss) for the period to be appropriated | 9905 | €215,358 | €29,917 | -€185,441 | -86.1% |
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.