Anthomax: 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.
Anthomax
Largest movements
- Cash +€44,322
up €44,322 (+42.4%), from €104,507 to €148,829
mainly Net result for the year (+€71,150) and Depreciation (+€19,965)
- Current investments +€21,727
new in 2025: €21,727
- Receivables within one year -€6,639
down €6,639 (-53.4%), from €12,427 to €5,788
of which Trade receivables: -€5,547
- Reserves +€71,150
up €71,150 (+69.5%), from €102,433 to €173,583
- Other debts -€12,910
no longer reported in 2025 (was €12,910)
- Trade debts -€8,584
down €8,584 (-71.5%), from €12,005 to €3,421
- Tax, wage and social debts +€8,542
up €8,542 (+20.2%), from €42,389 to €50,931
of which Taxes: +€8,391
- Gross operating margin +€28,016
up €28,016 (+22.4%), from €125,010 to €153,026
- Taxes +€4,568
up €4,568 (+33.6%), from €13,604 to €18,172
- Depreciation +€4,345
up €4,345 (+27.8%), from €15,620 to €19,965
- Staff costs +€1,606
up €1,606 (+4.1%), from €39,196 to €40,803
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 | €174,737 | €232,935 | +€58,198 | +33.3% |
| Fixed assets | 21/28 | €57,803 | €56,590 | -€1,213 | -2.1% |
| Tangible fixed assets | 22/27 | €57,803 | €56,090 | -€1,713 | -3.0% |
| Plant, machinery and equipment | 23 | €51,963 | €46,589 | -€5,374 | -10.3% |
| Furniture and vehicles | 24 | €5,840 | €9,502 | +€3,661 | +62.7% |
| Financial fixed assets | 28 | - | €500 | +€500 | |
| Current assets | 29/58 | €116,934 | €176,344 | +€59,410 | +50.8% |
| Amounts receivable within one year | 40/41 | €12,427 | €5,788 | -€6,639 | -53.4% |
| Trade receivables | 40 | €11,335 | €5,788 | -€5,547 | -48.9% |
| Other amounts receivable | 41 | €1,092 | - | -€1,092 | |
| Current investments | 50/53 | - | €21,727 | +€21,727 | |
| Cash at bank and in hand | 54/58 | €104,507 | €148,829 | +€44,322 | +42.4% |
| Total equity and liabilities | 10/49 | €174,737 | €232,935 | +€58,198 | +33.3% |
| Equity | 10/15 | €107,433 | €178,583 | +€71,150 | +66.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €102,433 | €173,583 | +€71,150 | +69.5% |
| Distributable reserves | 133 | €102,433 | €173,583 | +€71,150 | +69.5% |
| Amounts payable | 17/49 | €67,304 | €54,351 | -€12,952 | -19.2% |
| Amounts payable within one year | 42/48 | €67,304 | €54,351 | -€12,952 | -19.2% |
| Trade debts | 44 | €12,005 | €3,421 | -€8,584 | -71.5% |
| Suppliers | 440/4 | €12,005 | €3,421 | -€8,584 | -71.5% |
| Taxes, remuneration and social security | 45 | €42,389 | €50,931 | +€8,542 | +20.2% |
| Taxes | 450/3 | €35,524 | €43,914 | +€8,391 | +23.6% |
| Remuneration and social security | 454/9 | €6,866 | €7,016 | +€151 | +2.2% |
| Other amounts payable | 47/48 | €12,910 | - | -€12,910 | |
| Remuneration, social security and pensions | 62 | €39,196 | €40,803 | +€1,606 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,620 | €19,965 | +€4,345 | +27.8% |
| Other operating charges | 640/8 | €118 | €914 | +€796 | +675.0% |
| Gross operating margin | 9900 | €125,010 | €153,026 | +€28,016 | +22.4% |
| Operating profit (loss) | 9901 | €70,076 | €91,345 | +€21,269 | +30.4% |
| Financial income | 75/76B | - | €361 | +€361 | |
| Recurring financial income | 75 | - | €361 | +€361 | |
| Financial charges | 65/66B | €2,424 | €2,384 | -€40 | -1.6% |
| Recurring financial charges | 65 | €2,424 | €2,384 | -€40 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | €67,652 | €89,322 | +€21,671 | +32.0% |
| Income taxes | 67/77 | €13,604 | €18,172 | +€4,568 | +33.6% |
| Profit (loss) for the period | 9904 | €54,048 | €71,150 | +€17,102 | +31.6% |
| Profit (loss) for the period to be appropriated | 9905 | €54,048 | €71,150 | +€17,102 | +31.6% |
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 8 October 2026 via checked.be.