ANSTElou: 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.
ANSTElou
Largest movements
- Cash -€33,672
down €33,672 (-27.2%), from €123,884 to €90,212
mainly Other debts (-€123,941) and Tax, wage and social debts (-€32,465)
- Intangible fixed assets -€31,429
down €31,429 (-20.0%), from €157,143 to €125,714
- Current investments +€24,207
up €24,207 (+26.9%), from €90,000 to €114,207
- Deferred charges and accrued income +€21,556
up €21,556 (+132%), from €16,280 to €37,836
- Tangible fixed assets -€4,841
down €4,841 (-49.4%), from €9,792 to €4,950
- Profit (loss) carried forward +€131,829
new in 2025: €131,829
- Other debts -€123,941
down €123,941 (-79.2%), from €156,521 to €32,580
- Tax, wage and social debts -€32,465
down €32,465 (-67.1%), from €48,410 to €15,946
- Gross operating margin +€29,661
up €29,661 (+16.1%), from €184,191 to €213,852
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.
Derived cash bridge
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 | €397,098 | €372,919 | -€24,180 | -6.1% |
| Fixed assets | 21/28 | €166,935 | €130,665 | -€36,270 | -21.7% |
| Intangible fixed assets | 21 | €157,143 | €125,714 | -€31,429 | -20.0% |
| Tangible fixed assets | 22/27 | €9,792 | €4,950 | -€4,841 | -49.4% |
| Furniture and vehicles | 24 | €9,792 | €4,950 | -€4,841 | -49.4% |
| Current assets | 29/58 | €230,164 | €242,254 | +€12,090 | +5.3% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Current investments | 50/53 | €90,000 | €114,207 | +€24,207 | +26.9% |
| Cash at bank and in hand | 54/58 | €123,884 | €90,212 | -€33,672 | -27.2% |
| Deferred charges and accrued income | 490/1 | €16,280 | €37,836 | +€21,556 | +132% |
| Total equity and liabilities | 10/49 | €397,098 | €372,919 | -€24,180 | -6.1% |
| Equity | 10/15 | €185,208 | €317,038 | +€131,829 | +71.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €182,208 | €182,208 | = | 0.0% |
| Distributable reserves | 133 | €182,208 | €182,208 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €131,829 | +€131,829 | |
| Amounts payable | 17/49 | €211,890 | €55,881 | -€156,009 | -73.6% |
| Amounts payable within one year | 42/48 | €204,931 | €49,170 | -€155,761 | -76.0% |
| Trade debts | 44 | €0 | €645 | +€645 | |
| Suppliers | 440/4 | €0 | €645 | +€645 | |
| Taxes, remuneration and social security | 45 | €48,410 | €15,946 | -€32,465 | -67.1% |
| Taxes | 450/3 | €48,410 | €15,946 | -€32,465 | -67.1% |
| Other amounts payable | 47/48 | €156,521 | €32,580 | -€123,941 | -79.2% |
| Accrued charges and deferred income | 492/3 | €6,959 | €6,711 | -€248 | -3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,161 | €36,270 | +€109 | +0.3% |
| Other operating charges | 640/8 | €670 | €692 | +€23 | +3.4% |
| Gross operating margin | 9900 | €184,191 | €213,852 | +€29,661 | +16.1% |
| Operating profit (loss) | 9901 | €147,360 | €176,890 | +€29,529 | +20.0% |
| Financial income | 75/76B | €780 | €2,564 | +€1,785 | +229% |
| Recurring financial income | 75 | €780 | €2,564 | +€1,785 | +229% |
| Financial charges | 65/66B | €7,064 | €6,910 | -€154 | -2.2% |
| Recurring financial charges | 65 | €7,064 | €6,910 | -€154 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | €141,076 | €172,544 | +€31,468 | +22.3% |
| Income taxes | 67/77 | €42,644 | €40,715 | -€1,929 | -4.5% |
| Profit (loss) for the period | 9904 | €98,432 | €131,829 | +€33,397 | +33.9% |
| Profit (loss) for the period to be appropriated | 9905 | €98,432 | €131,829 | +€33,397 | +33.9% |
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 20 October 2026 via checked.be.