ANTHEOL: 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.
ANTHEOL
Largest movements
- Stocks and contracts -€127,718
down €127,718 (-71.2%), from €179,368 to €51,650
- Cash -€4,572
down €4,572 (-82.6%), from €5,536 to €964
mainly Other debts (-€83,620) and Net result for the year (-€34,388)
- Other debts -€83,620
down €83,620 (-64.7%), from €129,205 to €45,585
- Profit (loss) carried forward -€34,388
down €34,388 (-500.4%), from -€6,872 to -€41,261
- Trade debts -€7,422
down €7,422 (-85.8%), from €8,651 to €1,229
- Tax, wage and social debts -€6,092
down €6,092 (-92.1%), from €6,617 to €526
- Gross operating margin -€37,934
down €37,934, from €5,826 to -€32,108
- Taxes -€1,881
no longer reported in 2025 (was €1,881)
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 | €199,601 | €68,079 | -€131,522 | -65.9% |
| Fixed assets | 21/28 | €10,086 | €8,576 | -€1,510 | -15.0% |
| Tangible fixed assets | 22/27 | €9,962 | €8,452 | -€1,510 | -15.2% |
| Land and buildings | 22 | €831 | €738 | -€93 | -11.2% |
| Plant, machinery and equipment | 23 | €9,131 | €7,714 | -€1,417 | -15.5% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €124 | €124 | = | 0.0% |
| Current assets | 29/58 | €189,515 | €59,503 | -€130,012 | -68.6% |
| Stocks and contracts in progress | 3 | €179,368 | €51,650 | -€127,718 | -71.2% |
| Stocks | 30/36 | €179,368 | €51,650 | -€127,718 | -71.2% |
| Amounts receivable within one year | 40/41 | €4,611 | €5,639 | +€1,028 | +22.3% |
| Trade receivables | 40 | €4,611 | €5,639 | +€1,028 | +22.3% |
| Cash at bank and in hand | 54/58 | €5,536 | €964 | -€4,572 | -82.6% |
| Deferred charges and accrued income | 490/1 | - | €1,250 | +€1,250 | |
| Total equity and liabilities | 10/49 | €199,601 | €68,079 | -€131,522 | -65.9% |
| Equity | 10/15 | €55,128 | €20,739 | -€34,388 | -62.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,872 | -€41,261 | -€34,388 | -500.4% |
| Amounts payable | 17/49 | €144,474 | €47,340 | -€97,134 | -67.2% |
| Amounts payable within one year | 42/48 | €144,474 | €47,340 | -€97,134 | -67.2% |
| Trade debts | 44 | €8,651 | €1,229 | -€7,422 | -85.8% |
| Suppliers | 440/4 | €8,651 | €1,229 | -€7,422 | -85.8% |
| Taxes, remuneration and social security | 45 | €6,617 | €526 | -€6,092 | -92.1% |
| Taxes | 450/3 | €6,617 | €526 | -€6,092 | -92.1% |
| Other amounts payable | 47/48 | €129,205 | €45,585 | -€83,620 | -64.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,510 | €1,510 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €5,826 | -€32,108 | -€37,934 | |
| Operating profit (loss) | 9901 | €3,928 | -€34,018 | -€37,946 | |
| Financial income | 75/76B | €1 | €6 | +€5 | +355.0% |
| Recurring financial income | 75 | €1 | €6 | +€5 | +355.0% |
| Financial charges | 65/66B | €350 | €376 | +€27 | +7.6% |
| Recurring financial charges | 65 | €350 | €376 | +€27 | +7.6% |
| Profit (loss) for the period before taxes | 9903 | €3,580 | -€34,388 | -€37,968 | |
| Income taxes | 67/77 | €1,881 | - | -€1,881 | |
| Profit (loss) for the period | 9904 | €1,699 | -€34,388 | -€36,087 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,699 | -€34,388 | -€36,087 |
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 30 September 2026 via checked.be.