ANTHESIS: what changed
What changed
ANTHESIS
NACE 01.110, Growing of cereals (except rice), leguminous crops and oil seeds
filed annual accounts (NBB)
Net result for the year
€5,861
2024 · €6,497-€636
Equity
€147,606
2024 · €141,745+€5,861
Cash
€20,286
2024 · €20,885-€599
Balance sheet total
€375,683
2024 · €376,535-€852
Largest movements
Assets
- Receivables within one year -€21,868
down €21,868 (-44.4%), from €49,288 to €27,420
of which Trade receivables: -€23,717
- Stocks and contracts +€14,442
up €14,442 (+25.9%), from €55,702 to €70,144
- Tangible fixed assets +€7,346
up €7,346 (+3.0%), from €248,123 to €255,469
of which Plant, machinery and equipment: +€12,091
Equity and liabilities
- Trade debts +€10,515
up €10,515 (+116%), from €9,096 to €19,611
- Debts after one year -€8,970
down €8,970 (-6.9%), from €130,570 to €121,600
- Other debts -€8,619
down €8,619 (-12.4%), from €69,654 to €61,035
- Reserves +€5,861
up €5,861 (+7.2%), from €81,874 to €87,735
Income statement
- Staff costs -€4,799
down €4,799 (-17.6%), from €27,201 to €22,402
- Financial charges +€2,551
up €2,551 (+60.8%), from €4,194 to €6,745
- Depreciation +€1,850
up €1,850 (+7.6%), from €24,416 to €26,266
- Taxes +€1,763
up €1,763 (+161%), from €1,096 to €2,859
- Gross operating margin +€872
up €872 (+1.4%), from €64,293 to €65,166
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€6,497
Gross operating margin
+€872
Staff costs
+€4,799
Depreciation
-€1,850
Other operating charges
-€117
Financial income
-€27
Financial charges
-€2,551
Taxes
-€1,763
Result 2025
€5,861
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€42,677
Investment
-€33,612
Financing
-€9,664
Cash 2024
€20,885
From operations (derived)
+€42,677
Net result for the year
+€5,861
Depreciation
+€26,266
Stocks and contracts
-€14,442
Receivables within one year
+€21,868
Deferred charges and accrued income
+€173
Trade debts
+€10,515
Tax, wage and social debts
+€1,056
Other debts
-€8,619
Investment (derived)
-€33,612
Investment in fixed assets (net)
-€33,612
Financing
-€9,664
Debts after one year
-€8,970
Current portion of long-term debt
-€694
Cash 2025
€20,286
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €376,535 | €375,683 | -€852 | -0.2% |
| Fixed assets | 21/28 | €248,923 | €256,269 | +€7,346 | +3.0% |
| Tangible fixed assets | 22/27 | €248,123 | €255,469 | +€7,346 | +3.0% |
| Land and buildings | 22 | €198,452 | €203,013 | +€4,560 | +2.3% |
| Plant, machinery and equipment | 23 | €27,378 | €39,468 | +€12,091 | +44.2% |
| Furniture and vehicles | 24 | €22,293 | €12,988 | -€9,305 | -41.7% |
| Financial fixed assets | 28 | €800 | €800 | = | 0.0% |
| Current assets | 29/58 | €127,612 | €119,414 | -€8,198 | -6.4% |
| Stocks and contracts in progress | 3 | €55,702 | €70,144 | +€14,442 | +25.9% |
| Stocks | 30/36 | €55,702 | €70,144 | +€14,442 | +25.9% |
| Amounts receivable within one year | 40/41 | €49,288 | €27,420 | -€21,868 | -44.4% |
| Trade receivables | 40 | €38,338 | €14,621 | -€23,717 | -61.9% |
| Other amounts receivable | 41 | €10,950 | €12,798 | +€1,848 | +16.9% |
| Cash at bank and in hand | 54/58 | €20,885 | €20,286 | -€599 | -2.9% |
| Deferred charges and accrued income | 490/1 | €1,738 | €1,565 | -€173 | -10.0% |
| Total equity and liabilities | 10/49 | €376,535 | €375,683 | -€852 | -0.2% |
| Equity | 10/15 | €141,745 | €147,606 | +€5,861 | +4.1% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Revaluation surpluses | 12 | €29,871 | €29,871 | = | 0.0% |
| Reserves | 13 | €81,874 | €87,735 | +€5,861 | +7.2% |
| Distributable reserves | 133 | €81,874 | €87,735 | +€5,861 | +7.2% |
| Amounts payable | 17/49 | €234,790 | €228,077 | -€6,713 | -2.9% |
| Amounts payable after more than one year | 17 | €130,570 | €121,600 | -€8,970 | -6.9% |
| Financial debts | 170/4 | €130,570 | €121,600 | -€8,970 | -6.9% |
| Amounts payable within one year | 42/48 | €104,219 | €106,477 | +€2,258 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €21,664 | €20,970 | -€694 | -3.2% |
| Trade debts | 44 | €9,096 | €19,611 | +€10,515 | +116% |
| Suppliers | 440/4 | €9,096 | €19,611 | +€10,515 | +116% |
| Taxes, remuneration and social security | 45 | €3,805 | €4,861 | +€1,056 | +27.8% |
| Taxes | 450/3 | €1,027 | €3,274 | +€2,247 | +219% |
| Remuneration and social security | 454/9 | €2,778 | €1,587 | -€1,191 | -42.9% |
| Other amounts payable | 47/48 | €69,654 | €61,035 | -€8,619 | -12.4% |
| Remuneration, social security and pensions | 62 | €27,201 | €22,402 | -€4,799 | -17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,416 | €26,266 | +€1,850 | +7.6% |
| Other operating charges | 640/8 | €918 | €1,034 | +€117 | +12.7% |
| Gross operating margin | 9900 | €64,293 | €65,166 | +€872 | +1.4% |
| Operating profit (loss) | 9901 | €11,759 | €15,464 | +€3,705 | +31.5% |
| Financial income | 75/76B | €28 | €1 | -€27 | -96.8% |
| Recurring financial income | 75 | €28 | €1 | -€27 | -96.8% |
| Financial charges | 65/66B | €4,194 | €6,745 | +€2,551 | +60.8% |
| Recurring financial charges | 65 | €4,194 | €6,745 | +€2,551 | +60.8% |
| Profit (loss) for the period before taxes | 9903 | €7,593 | €8,720 | +€1,127 | +14.8% |
| Income taxes | 67/77 | €1,096 | €2,859 | +€1,763 | +161% |
| Profit (loss) for the period | 9904 | €6,497 | €5,861 | -€636 | -9.8% |
| Profit (loss) for the period to be appropriated | 9905 | €6,497 | €5,861 | -€636 | -9.8% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.