ANTHOM: 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.
ANTHOM
Largest movements
- Receivables within one year +€122,004
up €122,004 (+56.5%), from €215,922 to €337,925
of which Other amounts receivable: +€125,040
- Tangible fixed assets -€29,493
down €29,493 (-4.7%), from €625,662 to €596,170
of which Land and buildings: -€28,247
- Reserves +€182,066
up €182,066 (+82.3%), from €221,313 to €403,379
of which Distributable reserves: +€182,066
- Current portion of long-term debt -€54,488
down €54,488 (-57.5%), from €94,751 to €40,263
- Debts after one year -€38,250
down €38,250 (-27.7%), from €138,063 to €99,813
- Tax, wage and social debts +€12,956
up €12,956 (+350.3%), from €3,699 to €16,654
of which Taxes: +€12,956
- Financial income +€176,759
up €176,759 (+5380.9%), from €3,285 to €180,044
- Taxes +€24,770
up €24,770 (+110878.6%), from €22 to €24,793
- Gross operating margin +€19,352
up €19,352 (+30.9%), from €62,637 to €81,988
- Other operating charges -€13,974
down €13,974 (-48.6%), from €28,724 to €14,750
- Staff costs -€3,635
down €3,635 (-100.0%), from €3,635 to €0
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 | €1,127,950 | €1,230,380 | +€102,429 | +9.1% |
| Fixed assets | 21/28 | €899,098 | €869,605 | -€29,493 | -3.3% |
| Tangible fixed assets | 22/27 | €625,662 | €596,170 | -€29,493 | -4.7% |
| Land and buildings | 22 | €615,566 | €587,318 | -€28,247 | -4.6% |
| Plant, machinery and equipment | 23 | €10,097 | €8,851 | -€1,245 | -12.3% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €273,436 | €273,436 | = | 0.0% |
| Current assets | 29/58 | €228,852 | €360,775 | +€131,922 | +57.6% |
| Amounts receivable within one year | 40/41 | €215,922 | €337,925 | +€122,004 | +56.5% |
| Trade receivables | 40 | €8,237 | €5,201 | -€3,037 | -36.9% |
| Other amounts receivable | 41 | €207,684 | €332,725 | +€125,040 | +60.2% |
| Cash at bank and in hand | 54/58 | €12,931 | €22,730 | +€9,800 | +75.8% |
| Deferred charges and accrued income | 490/1 | - | €119 | +€119 | |
| Total equity and liabilities | 10/49 | €1,127,950 | €1,230,380 | +€102,429 | +9.1% |
| Equity | 10/15 | €685,130 | €867,196 | +€182,066 | +26.6% |
| Contributions | 10/11 | €275,162 | €275,162 | = | 0.0% |
| Capital | 10 | €275,162 | €275,162 | = | 0.0% |
| Issued capital | 100 | €275,162 | €275,162 | = | 0.0% |
| Reserves | 13 | €221,313 | €403,379 | +€182,066 | +82.3% |
| Non-distributable reserves | 130/1 | €27,516 | €27,516 | = | 0.0% |
| Legal reserve | 130 | €27,516 | €27,516 | = | 0.0% |
| Distributable reserves | 133 | €193,797 | €375,863 | +€182,066 | +93.9% |
| Profit (loss) carried forward | 14 | €188,655 | €188,655 | = | 0.0% |
| Amounts payable | 17/49 | €442,821 | €363,184 | -€79,637 | -18.0% |
| Amounts payable after more than one year | 17 | €138,063 | €99,813 | -€38,250 | -27.7% |
| Financial debts | 170/4 | €138,063 | €99,813 | -€38,250 | -27.7% |
| Amounts payable within one year | 42/48 | €304,758 | €263,372 | -€41,387 | -13.6% |
| Current portion of amounts payable after more than one year | 42 | €94,751 | €40,263 | -€54,488 | -57.5% |
| Trade debts | 44 | €11,820 | €5,839 | -€5,981 | -50.6% |
| Suppliers | 440/4 | €11,820 | €5,839 | -€5,981 | -50.6% |
| Advances received on contracts in progress | 46 | €111,000 | €111,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €3,699 | €16,654 | +€12,956 | +350.3% |
| Taxes | 450/3 | €3,699 | €16,654 | +€12,956 | +350.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €83,489 | €89,615 | +€6,126 | +7.3% |
| Remuneration, social security and pensions | 62 | €3,635 | €0 | -€3,635 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,493 | €29,493 | = | 0.0% |
| Other operating charges | 640/8 | €28,724 | €14,750 | -€13,974 | -48.6% |
| Non-recurring operating charges | 66A | €1,236 | €0 | -€1,236 | -100.0% |
| Gross operating margin | 9900 | €62,637 | €81,988 | +€19,352 | +30.9% |
| Operating profit (loss) | 9901 | -€451 | €37,746 | +€38,197 | |
| Financial income | 75/76B | €3,285 | €180,044 | +€176,759 | +5380.9% |
| Recurring financial income | 75 | €3,285 | €180,044 | +€176,759 | +5380.9% |
| Financial charges | 65/66B | €10,975 | €10,932 | -€44 | -0.4% |
| Recurring financial charges | 65 | €10,975 | €10,932 | -€44 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | -€8,142 | €206,859 | +€215,000 | |
| Income taxes | 67/77 | €22 | €24,793 | +€24,770 | +110878.6% |
| Profit (loss) for the period | 9904 | -€8,164 | €182,066 | +€190,230 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,164 | €182,066 | +€190,230 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.