Anthemis: 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.
Anthemis
Largest movements
- Cash +€19,519
up €19,519 (+155.0%), from €12,595 to €32,114
mainly Net result for the year (+€11,985) and Depreciation (+€6,771)
- Tangible fixed assets -€6,771
down €6,771 (-6.4%), from €105,003 to €98,232
of which Land and buildings: -€3,897
- Profit (loss) carried forward +€11,985
up €11,985 (+28.0%), from -€42,728 to -€30,743
- Accrued charges and deferred income +€2,236
up €2,236 (+152.2%), from €1,469 to €3,705
- Gross operating margin -€1,179
down €1,179 (-4.3%), from €27,280 to €26,101
- Financial charges -€938
down €938 (-62.3%), from €1,506 to €568
- Depreciation +€371
up €371 (+5.8%), from €6,400 to €6,771
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 | €119,565 | €132,905 | +€13,340 | +11.2% |
| Fixed assets | 21/28 | €105,003 | €98,232 | -€6,771 | -6.4% |
| Tangible fixed assets | 22/27 | €105,003 | €98,232 | -€6,771 | -6.4% |
| Land and buildings | 22 | €88,304 | €84,407 | -€3,897 | -4.4% |
| Plant, machinery and equipment | 23 | €16,699 | €13,825 | -€2,874 | -17.2% |
| Current assets | 29/58 | €14,562 | €34,673 | +€20,111 | +138.1% |
| Amounts receivable within one year | 40/41 | €1,917 | €1,634 | -€283 | -14.8% |
| Other amounts receivable | 41 | €1,917 | €1,634 | -€283 | -14.8% |
| Current investments | 50/53 | €50 | €50 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €12,595 | €32,114 | +€19,519 | +155.0% |
| Deferred charges and accrued income | 490/1 | - | €875 | +€875 | |
| Total equity and liabilities | 10/49 | €119,565 | €132,905 | +€13,340 | +11.2% |
| Equity | 10/15 | €109,102 | €121,087 | +€11,985 | +11.0% |
| Contributions | 10/11 | €55,776 | €55,776 | = | 0.0% |
| Reserves | 13 | €96,054 | €96,054 | = | 0.0% |
| Distributable reserves | 133 | €96,054 | €96,054 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,728 | -€30,743 | +€11,985 | +28.0% |
| Amounts payable | 17/49 | €10,463 | €11,818 | +€1,355 | +13.0% |
| Amounts payable within one year | 42/48 | €8,994 | €8,113 | -€881 | -9.8% |
| Taxes, remuneration and social security | 45 | €1,013 | - | -€1,013 | |
| Taxes | 450/3 | €1,013 | - | -€1,013 | |
| Other amounts payable | 47/48 | €7,981 | €8,113 | +€132 | +1.7% |
| Accrued charges and deferred income | 492/3 | €1,469 | €3,705 | +€2,236 | +152.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,400 | €6,771 | +€371 | +5.8% |
| Other operating charges | 640/8 | €2,602 | €2,682 | +€80 | +3.1% |
| Gross operating margin | 9900 | €27,280 | €26,101 | -€1,179 | -4.3% |
| Operating profit (loss) | 9901 | €18,278 | €16,648 | -€1,630 | -8.9% |
| Financial income | 75/76B | €36 | €12 | -€24 | -66.7% |
| Recurring financial income | 75 | €36 | €12 | -€24 | -66.7% |
| Financial charges | 65/66B | €1,506 | €568 | -€938 | -62.3% |
| Recurring financial charges | 65 | €1,506 | €568 | -€938 | -62.3% |
| Profit (loss) for the period before taxes | 9903 | €16,808 | €16,092 | -€716 | -4.3% |
| Income taxes | 67/77 | €4,274 | €4,107 | -€167 | -3.9% |
| Profit (loss) for the period | 9904 | €12,534 | €11,985 | -€549 | -4.4% |
| Profit (loss) for the period to be appropriated | 9905 | €12,534 | €11,985 | -€549 | -4.4% |
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.