ANTHONIS FISC: what changed
Two financial 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.
ANTHONIS FISC
Largest movements
- Current investments +€326,297
new in 2025: €326,297
- Cash -€181,359
down €181,359 (-48.5%), from €373,974 to €192,614
mainly Current investments (-€326,297) and Contributions, distributions and other (-€184,641)
- Receivables within one year -€76,530
down €76,530 (-70.9%), from €108,011 to €31,481
of which Trade receivables: -€78,106
- Tangible fixed assets -€20,764
down €20,764 (-21.3%), from €97,363 to €76,599
of which Land and buildings: -€14,875
- Receivables after one year +€20,000
up €20,000 (+66.7%), from €30,000 to €50,000
- Other debts +€155,903
up €155,903 (+542%), from €28,738 to €184,641
- Reserves -€72,493
down €72,493 (-19.7%), from €367,261 to €294,768
of which Distributable reserves: -€72,493
- Trade debts -€9,940
down €9,940 (-67.9%), from €14,638 to €4,698
- Gross operating margin +€13,320
up €13,320 (+7.1%), from €187,077 to €200,397
- Taxes +€7,572
up €7,572 (+18.5%), from €40,914 to €48,486
- Financial income +€6,482
up €6,482 (+341%), from €1,903 to €8,385
- Depreciation -€5,745
down €5,745 (-21.7%), from €26,509 to €20,764
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.
Derived cash bridge
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 | €700,448 | €768,091 | +€67,643 | +9.7% |
| Fixed assets | 21/28 | €188,463 | €167,699 | -€20,764 | -11.0% |
| Tangible fixed assets | 22/27 | €97,363 | €76,599 | -€20,764 | -21.3% |
| Land and buildings | 22 | €81,528 | €66,653 | -€14,875 | -18.2% |
| Furniture and vehicles | 24 | €15,835 | €9,946 | -€5,889 | -37.2% |
| Financial fixed assets | 28 | €91,100 | €91,100 | = | 0.0% |
| Current assets | 29/58 | €511,985 | €600,392 | +€88,407 | +17.3% |
| Amounts receivable after more than one year | 29 | €30,000 | €50,000 | +€20,000 | +66.7% |
| Other amounts receivable | 291 | €30,000 | €50,000 | +€20,000 | +66.7% |
| Amounts receivable within one year | 40/41 | €108,011 | €31,481 | -€76,530 | -70.9% |
| Trade receivables | 40 | €107,518 | €29,412 | -€78,106 | -72.6% |
| Other amounts receivable | 41 | €493 | €2,069 | +€1,576 | +319% |
| Current investments | 50/53 | - | €326,297 | +€326,297 | |
| Cash at bank and in hand | 54/58 | €373,974 | €192,614 | -€181,359 | -48.5% |
| Total equity and liabilities | 10/49 | €700,448 | €768,091 | +€67,643 | +9.7% |
| Equity | 10/15 | €379,661 | €307,168 | -€72,493 | -19.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €367,261 | €294,768 | -€72,493 | -19.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €365,401 | €292,908 | -€72,493 | -19.8% |
| Provisions and deferred taxes | 16 | €257,191 | €255,053 | -€2,138 | -0.8% |
| Provisions for liabilities and charges | 160/5 | €257,191 | €255,053 | -€2,138 | -0.8% |
| Pensions and similar obligations | 160 | €8,906 | €8,906 | = | 0.0% |
| Other liabilities and charges | 164/5 | €248,285 | €246,147 | -€2,138 | -0.9% |
| Amounts payable | 17/49 | €63,596 | €205,870 | +€142,274 | +224% |
| Amounts payable within one year | 42/48 | €63,596 | €205,870 | +€142,274 | +224% |
| Trade debts | 44 | €14,638 | €4,698 | -€9,940 | -67.9% |
| Suppliers | 440/4 | €14,638 | €4,698 | -€9,940 | -67.9% |
| Taxes, remuneration and social security | 45 | €20,220 | €16,531 | -€3,688 | -18.2% |
| Taxes | 450/3 | €20,220 | €16,531 | -€3,688 | -18.2% |
| Other amounts payable | 47/48 | €28,738 | €184,641 | +€155,903 | +542% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,509 | €20,764 | -€5,745 | -21.7% |
| Other operating charges | 640/8 | €4,840 | €5,311 | +€471 | +9.7% |
| Gross operating margin | 9900 | €187,077 | €200,397 | +€13,320 | +7.1% |
| Operating profit (loss) | 9901 | €155,728 | €174,322 | +€18,594 | +11.9% |
| Financial income | 75/76B | €1,903 | €8,385 | +€6,482 | +341% |
| Recurring financial income | 75 | €1,903 | €8,385 | +€6,482 | +341% |
| Financial charges | 65/66B | €21,944 | €22,073 | +€129 | +0.6% |
| Recurring financial charges | 65 | €21,944 | €22,073 | +€129 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | €135,687 | €160,634 | +€24,947 | +18.4% |
| Income taxes | 67/77 | €40,914 | €48,486 | +€7,572 | +18.5% |
| Profit (loss) for the period | 9904 | €94,773 | €112,148 | +€17,375 | +18.3% |
| Profit (loss) for the period to be appropriated | 9905 | €94,773 | €112,148 | +€17,375 | +18.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.