ANSUL: 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
ANSUL
NACE 28.293, Manufacture of machinery and equipment not elsewhere classified
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€20.0m
2024 · €18.9m+€1.1m
Equity
€83.6m
2024 · €75.6m+€7.9m
Cash
€3.0m
2024 · €4.0m-€948,050
Balance sheet total
€102.0m
2024 · €93.6m+€8.4m
Largest movements
Assets
- Current investments +€9.5m
up €9.5m (+949.9%), from €1.0m to €10.5m
- Financial fixed assets -€1.7m
down €1.7m (-2.7%), from €64.0m to €62.3m
of which Affiliated companies: -€1.8m
- Tangible fixed assets +€1.4m
up €1.4m (+33.6%), from €4.2m to €5.6m
of which Other tangible fixed assets: +€859,479
Equity and liabilities
- Profit (loss) carried forward +€7.9m
up €7.9m (+12.1%), from €65.4m to €73.3m
Income statement
- Turnover +€2.9m
up €2.9m (+7.9%), from €36.7m to €39.6m
- Staff costs +€2.5m
up €2.5m (+16.6%), from €14.8m to €17.3m
- Financial income +€1.5m
up €1.5m (+12.6%), from €11.9m to €13.4m
- Goods and materials +€1.2m
up €1.2m (+14.7%), from €7.9m to €9.1m
of which Purchases: +€616,266
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.
Result 2024
€18.9m
Turnover
+€2.9m
Other operating income
+€87,319
Goods and materials
-€1.2m
Services and other goods
-€313,266
Staff costs
-€2.5m
Depreciation
-€147,065
Write-downs
+€10,645
Provisions
+€186,433
Other operating charges
-€7,449
Other operating items
+€424,757
Financial income
+€1.5m
Financial charges
-€32,004
Taxes
+€162,713
Result 2025
€20.0m
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.
From operations
+€21.9m
Investment
-€10.7m
Financing
-€12.1m
Cash 2024
€4.0m
From operations (derived)
+€21.9m
Net result for the year
+€20.0m
Depreciation
+€1.2m
Stocks and contracts
+€213,962
Smaller working-capital items
-€42,554
Provisions
-€217,509
Trade debts
+€403,483
Tax, wage and social debts
+€117,872
Accrued charges and deferred income
+€187,382
Investment (derived)
-€10.7m
Investment in fixed assets (net)
-€1.2m
Current investments
-€9.5m
Financing
-€12.1m
Contributions, distributions and other
-€12.1m
Cash 2025
€3.0m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €93,567,029 | €101,984,979 | +€8.4m | +9.0% |
| Fixed assets | 21/28 | €69,202,316 | €69,240,145 | +€37,830 | +0.1% |
| Intangible fixed assets | 21 | €1,029,238 | €1,389,398 | +€360,160 | +35.0% |
| Tangible fixed assets | 22/27 | €4,181,448 | €5,587,937 | +€1.4m | +33.6% |
| Land and buildings | 22 | €1,209,476 | €1,370,572 | +€161,095 | +13.3% |
| Plant, machinery and equipment | 23 | €484,241 | €630,343 | +€146,102 | +30.2% |
| Furniture and vehicles | 24 | €1,346,022 | €1,585,836 | +€239,814 | +17.8% |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €1,141,709 | €2,001,187 | +€859,479 | +75.3% |
| Financial fixed assets | 28 | €63,991,630 | €62,262,810 | -€1.7m | -2.7% |
| Affiliated companies | 280/1 | €63,753,317 | €61,987,317 | -€1.8m | -2.8% |
| Participating interests | 280 | €57,444,217 | €57,994,217 | +€550,000 | +1.0% |
| Amounts receivable | 281 | €6,309,100 | €3,993,100 | -€2.3m | -36.7% |
| Other financial fixed assets | 284/8 | €238,313 | €275,494 | +€37,180 | +15.6% |
| Shares | 284 | €0 | €0 | = | |
| Amounts receivable and cash guarantees | 285/8 | €238,313 | €275,494 | +€37,180 | +15.6% |
| Current assets | 29/58 | €24,364,713 | €32,744,833 | +€8.4m | +34.4% |
| Stocks and contracts in progress | 3 | €6,956,593 | €6,742,631 | -€213,962 | -3.1% |
| Stocks | 30/36 | €6,956,593 | €6,742,631 | -€213,962 | -3.1% |
| Raw materials and consumables | 30/31 | €5,488,801 | €5,577,112 | +€88,311 | +1.6% |
| Work in progress | 32 | €516,746 | €452,509 | -€64,238 | -12.4% |
| Finished goods | 33 | €687,468 | €491,718 | -€195,751 | -28.5% |
| Advance payments | 36 | €263,577 | €221,293 | -€42,285 | -16.0% |
| Amounts receivable within one year | 40/41 | €12,263,457 | €12,291,189 | +€27,732 | +0.2% |
| Trade receivables | 40 | €9,107,814 | €10,063,200 | +€955,386 | +10.5% |
| Other amounts receivable | 41 | €3,155,643 | €2,227,989 | -€927,654 | -29.4% |
| Current investments | 50/53 | €1,000,157 | €10,500,157 | +€9.5m | +949.9% |
| Other investments | 51/53 | €1,000,157 | €10,500,157 | +€9.5m | +949.9% |
| Cash at bank and in hand | 54/58 | €3,988,904 | €3,040,854 | -€948,050 | -23.8% |
| Deferred charges and accrued income | 490/1 | €155,602 | €170,002 | +€14,400 | +9.3% |
| Total equity and liabilities | 10/49 | €93,567,029 | €101,984,979 | +€8.4m | +9.0% |
| Equity | 10/15 | €75,627,353 | €83,554,498 | +€7.9m | +10.5% |
| Contributions | 10/11 | €6,213,000 | €6,213,000 | = | 0.0% |
| Capital | 10 | €6,213,000 | €6,213,000 | = | 0.0% |
| Issued capital | 100 | €6,213,000 | €6,213,000 | = | 0.0% |
| Revaluation surpluses | 12 | - | €0 | = | |
| Reserves | 13 | €4,002,033 | €4,002,033 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,002,033 | €4,002,033 | = | 0.0% |
| Legal reserve | 130 | €4,002,033 | €4,002,033 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,412,319 | €73,339,464 | +€7.9m | +12.1% |
| Provisions and deferred taxes | 16 | €242,320 | €24,811 | -€217,509 | -89.8% |
| Provisions for liabilities and charges | 160/5 | €242,320 | €24,811 | -€217,509 | -89.8% |
| Pensions and similar obligations | 160 | €242,320 | €24,811 | -€217,509 | -89.8% |
| Amounts payable | 17/49 | €17,697,356 | €18,405,670 | +€708,314 | +4.0% |
| Amounts payable within one year | 42/48 | €14,245,665 | €14,766,598 | +€520,933 | +3.7% |
| Trade debts | 44 | €2,191,208 | €2,594,691 | +€403,483 | +18.4% |
| Suppliers | 440/4 | €2,191,208 | €2,594,691 | +€403,483 | +18.4% |
| Taxes, remuneration and social security | 45 | €5,549,712 | €5,667,584 | +€117,872 | +2.1% |
| Taxes | 450/3 | €2,137,843 | €1,793,554 | -€344,289 | -16.1% |
| Remuneration and social security | 454/9 | €3,411,868 | €3,874,029 | +€462,161 | +13.5% |
| Other amounts payable | 47/48 | €6,504,745 | €6,504,322 | -€423 | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,451,691 | €3,639,072 | +€187,382 | +5.4% |
| Operating income | 70/76A | €38,848,503 | €42,261,403 | +€3.4m | +8.8% |
| Turnover | 70 | €36,698,205 | €39,598,865 | +€2.9m | +7.9% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €136,373 | -€259,988 | -€396,361 | |
| Own construction capitalised | 72 | €491,090 | €1,339,413 | +€848,323 | +172.7% |
| Other operating income | 74 | €1,465,964 | €1,553,282 | +€87,319 | +6.0% |
| Non-recurring operating income | 76A | €56,871 | €29,831 | -€27,040 | -47.5% |
| Operating charges | 60/66A | €29,134,339 | €33,034,563 | +€3.9m | +13.4% |
| Goods for resale, raw materials and consumables | 60 | €7,931,649 | €9,094,722 | +€1.2m | +14.7% |
| Purchases | 600/8 | €8,564,538 | €9,180,804 | +€616,266 | +7.2% |
| Change in stocks: decrease (increase) | 609 | -€632,889 | -€86,082 | +€546,807 | +86.4% |
| Services and other goods | 61 | €5,105,233 | €5,418,499 | +€313,266 | +6.1% |
| Remuneration, social security and pensions | 62 | €14,825,384 | €17,291,667 | +€2.5m | +16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,052,977 | €1,200,042 | +€147,065 | +14.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €99,666 | €89,022 | -€10,645 | -10.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€31,077 | -€217,509 | -€186,433 | -599.9% |
| Other operating charges | 640/8 | €150,507 | €157,956 | +€7,449 | +4.9% |
| Non-recurring operating charges | 66A | - | €166 | +€166 | |
| Operating profit (loss) | 9901 | €9,714,163 | €9,226,840 | -€487,324 | -5.0% |
| Financial income | 75/76B | €11,924,612 | €13,428,388 | +€1.5m | +12.6% |
| Recurring financial income | 75 | €11,924,612 | €13,428,388 | +€1.5m | +12.6% |
| Income from financial fixed assets | 750 | €11,100,000 | €12,850,000 | +€1.8m | +15.8% |
| Income from current assets | 751 | €712,295 | €473,869 | -€238,426 | -33.5% |
| Other financial income | 752/9 | €112,317 | €104,519 | -€7,798 | -6.9% |
| Financial charges | 65/66B | €64,186 | €96,190 | +€32,004 | +49.9% |
| Recurring financial charges | 65 | €64,186 | €96,190 | +€32,004 | +49.9% |
| Other financial charges | 652/9 | €64,186 | €96,190 | +€32,004 | +49.9% |
| Profit (loss) for the period before taxes | 9903 | €21,574,589 | €22,559,038 | +€984,449 | +4.6% |
| Income taxes | 67/77 | €2,694,607 | €2,531,893 | -€162,713 | -6.0% |
| Taxes | 670/3 | €2,713,965 | €2,531,893 | -€182,071 | -6.7% |
| Tax adjustments and reversals of tax provisions | 77 | €19,358 | - | -€19,358 | |
| Profit (loss) for the period | 9904 | €18,879,983 | €20,027,145 | +€1.1m | +6.1% |
| Profit (loss) for the period to be appropriated | 9905 | €18,879,983 | €20,027,145 | +€1.1m | +6.1% |
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 7 October 2026 via checked.be.