ANSTE PROJECT: 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.
ANSTE PROJECT
Largest movements
- Tangible fixed assets -€18,459
down €18,459 (-7.9%), from €234,274 to €215,815
- Cash +€3,118
up €3,118 (+58.6%), from €5,317 to €8,436
mainly Depreciation (+€18,459) and Other debts (+€6,082)
- Debts after one year -€11,471
down €11,471 (-22.5%), from €51,004 to €39,533
- Profit (loss) carried forward -€9,659
down €9,659, from €1,210 to -€8,449
- Other debts +€6,082
up €6,082 (+17.6%), from €34,580 to €40,662
- Financial income -€15,804
no longer reported in 2025 (was €15,804)
- Financial charges +€2,246
up €2,246 (+74.4%), from €3,021 to €5,267
- Gross operating margin +€1,767
up €1,767 (+12.1%), from €14,595 to €16,362
- Taxes -€1,583
no longer reported in 2025 (was €1,583)
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 | €240,857 | €225,542 | -€15,316 | -6.4% |
| Fixed assets | 21/28 | €234,274 | €215,815 | -€18,459 | -7.9% |
| Tangible fixed assets | 22/27 | €234,274 | €215,815 | -€18,459 | -7.9% |
| Land and buildings | 22 | €234,274 | €215,815 | -€18,459 | -7.9% |
| Current assets | 29/58 | €6,584 | €9,727 | +€3,143 | +47.7% |
| Amounts receivable within one year | 40/41 | €417 | €417 | = | 0.0% |
| Other amounts receivable | 41 | €417 | €417 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,317 | €8,436 | +€3,118 | +58.6% |
| Deferred charges and accrued income | 490/1 | €849 | €874 | +€25 | +2.9% |
| Total equity and liabilities | 10/49 | €240,857 | €225,542 | -€15,316 | -6.4% |
| Equity | 10/15 | €142,767 | €133,108 | -€9,659 | -6.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €122,956 | €122,956 | = | 0.0% |
| Distributable reserves | 133 | €122,956 | €122,956 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,210 | -€8,449 | -€9,659 | |
| Amounts payable | 17/49 | €98,091 | €92,434 | -€5,657 | -5.8% |
| Amounts payable after more than one year | 17 | €51,004 | €39,533 | -€11,471 | -22.5% |
| Financial debts | 170/4 | €51,004 | €39,533 | -€11,471 | -22.5% |
| Amounts payable within one year | 42/48 | €47,086 | €52,901 | +€5,815 | +12.3% |
| Current portion of amounts payable after more than one year | 42 | €11,329 | €11,471 | +€142 | +1.3% |
| Trade debts | 44 | €1,177 | - | -€1,177 | |
| Suppliers | 440/4 | €1,177 | - | -€1,177 | |
| Taxes, remuneration and social security | 45 | - | €767 | +€767 | |
| Taxes | 450/3 | - | €767 | +€767 | |
| Other amounts payable | 47/48 | €34,580 | €40,662 | +€6,082 | +17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,614 | €18,459 | -€156 | -0.8% |
| Other operating charges | 640/8 | €2,227 | €2,296 | +€69 | +3.1% |
| Gross operating margin | 9900 | €14,595 | €16,362 | +€1,767 | +12.1% |
| Operating profit (loss) | 9901 | -€6,246 | -€4,392 | +€1,854 | +29.7% |
| Financial income | 75/76B | €15,804 | - | -€15,804 | |
| Recurring financial income | 75 | €15,804 | - | -€15,804 | |
| Financial charges | 65/66B | €3,021 | €5,267 | +€2,246 | +74.4% |
| Recurring financial charges | 65 | €3,021 | €5,267 | +€2,246 | +74.4% |
| Profit (loss) for the period before taxes | 9903 | €6,537 | -€9,659 | -€16,196 | |
| Income taxes | 67/77 | €1,583 | - | -€1,583 | |
| Profit (loss) for the period | 9904 | €4,954 | -€9,659 | -€14,613 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,954 | -€9,659 | -€14,613 |
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.