ANTHEA: 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.
ANTHEA
Largest movements
- Cash +€32,065
up €32,065 (+9.4%), from €339,697 to €371,762
mainly Net result for the year (+€104,303) and Tax, wage and social debts (+€16,598)
- Tangible fixed assets -€5,408
down €5,408 (-24.1%), from €22,448 to €17,040
of which Other tangible fixed assets: -€4,419
- Receivables within one year -€4,774
down €4,774 (-17.8%), from €26,774 to €22,000
of which Trade receivables: -€4,632
- Tax, wage and social debts +€16,598
up €16,598 (+116.6%), from €14,238 to €30,836
of which Taxes: +€18,892
- Reserves +€4,303
up €4,303 (+1.2%), from €355,700 to €360,003
- Gross operating margin +€38,559
up €38,559 (+30.4%), from €126,816 to €165,375
- Taxes +€15,979
up €15,979 (+58.5%), from €27,333 to €43,312
- Staff costs -€11,990
down €11,990 (-70.0%), from €17,119 to €5,130
- Financial income -€2,371
down €2,371 (-85.8%), from €2,762 to €391
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 | €392,069 | €415,985 | +€23,916 | +6.1% |
| Fixed assets | 21/28 | €22,448 | €17,040 | -€5,408 | -24.1% |
| Tangible fixed assets | 22/27 | €22,448 | €17,040 | -€5,408 | -24.1% |
| Furniture and vehicles | 24 | €5,283 | €4,294 | -€989 | -18.7% |
| Other tangible fixed assets | 26 | €17,164 | €12,745 | -€4,419 | -25.7% |
| Current assets | 29/58 | €369,621 | €398,945 | +€29,324 | +7.9% |
| Amounts receivable within one year | 40/41 | €26,774 | €22,000 | -€4,774 | -17.8% |
| Trade receivables | 40 | €26,632 | €22,000 | -€4,632 | -17.4% |
| Other amounts receivable | 41 | €142 | €0 | -€142 | -100.0% |
| Cash at bank and in hand | 54/58 | €339,697 | €371,762 | +€32,065 | +9.4% |
| Deferred charges and accrued income | 490/1 | €3,150 | €5,183 | +€2,033 | +64.5% |
| Total equity and liabilities | 10/49 | €392,069 | €415,985 | +€23,916 | +6.1% |
| Equity | 10/15 | €361,900 | €366,203 | +€4,303 | +1.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €355,700 | €360,003 | +€4,303 | +1.2% |
| Distributable reserves | 133 | €355,700 | €360,003 | +€4,303 | +1.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €30,169 | €49,782 | +€19,613 | +65.0% |
| Amounts payable within one year | 42/48 | €30,169 | €49,034 | +€18,866 | +62.5% |
| Financial debts | 43 | €3 | €2 | -€1 | -33.1% |
| Credit institutions | 430/8 | €3 | €2 | -€1 | -33.1% |
| Trade debts | 44 | €3,876 | €3,789 | -€87 | -2.3% |
| Suppliers | 440/4 | €3,876 | €3,789 | -€87 | -2.3% |
| Taxes, remuneration and social security | 45 | €14,238 | €30,836 | +€16,598 | +116.6% |
| Taxes | 450/3 | €11,944 | €30,836 | +€18,892 | +158.2% |
| Remuneration and social security | 454/9 | €2,293 | €0 | -€2,293 | -100.0% |
| Other amounts payable | 47/48 | €12,052 | €14,408 | +€2,355 | +19.5% |
| Accrued charges and deferred income | 492/3 | €0 | €747 | +€747 | |
| Remuneration, social security and pensions | 62 | €17,119 | €5,130 | -€11,990 | -70.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,572 | €5,408 | -€1,164 | -17.7% |
| Other operating charges | 640/8 | €1,052 | €635 | -€417 | -39.7% |
| Gross operating margin | 9900 | €126,816 | €165,375 | +€38,559 | +30.4% |
| Operating profit (loss) | 9901 | €102,072 | €154,203 | +€52,131 | +51.1% |
| Financial income | 75/76B | €2,762 | €391 | -€2,371 | -85.8% |
| Recurring financial income | 75 | €2,762 | €391 | -€2,371 | -85.8% |
| Financial charges | 65/66B | €7,705 | €6,980 | -€726 | -9.4% |
| Recurring financial charges | 65 | €7,705 | €6,980 | -€726 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | €97,129 | €147,615 | +€50,485 | +52.0% |
| Income taxes | 67/77 | €27,333 | €43,312 | +€15,979 | +58.5% |
| Profit (loss) for the period | 9904 | €69,796 | €104,303 | +€34,506 | +49.4% |
| Profit (loss) for the period to be appropriated | 9905 | €69,796 | €104,303 | +€34,506 | +49.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.