ANTHONISSEN - ANDRADE: 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.
ANTHONISSEN - ANDRADE
Largest movements
- Cash -€22,068
down €22,068 (-23.8%), from €92,653 to €70,585
mainly Other debts (-€33,909) and Investment in fixed assets (net) (-€27,197)
- Receivables within one year +€21,832
up €21,832 (+15.3%), from €142,462 to €164,294
of which Trade receivables: +€17,609
- Tangible fixed assets +€18,165
up €18,165 (+10.0%), from €181,893 to €200,058
of which Furniture and vehicles: +€17,819
- Other debts -€33,909
no longer reported in 2025 (was €33,909)
- Reserves +€29,745
up €29,745 (+8.3%), from €357,718 to €387,463
of which Distributable reserves: +€29,745
- Debts after one year +€15,788
new in 2025: €15,788
- Gross operating margin +€33,585
up €33,585 (+73.4%), from €45,776 to €79,361
- Depreciation +€5,164
up €5,164 (+134%), from €3,867 to €9,032
- Taxes +€5,127
up €5,127 (+91.8%), from €5,587 to €10,713
- Staff costs +€3,547
up €3,547 (+13.4%), from €26,490 to €30,037
- Financial charges +€1,928
up €1,928 (+139%), from €1,387 to €3,314
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 | €419,718 | €436,424 | +€16,706 | +4.0% |
| Fixed assets | 21/28 | €181,893 | €200,058 | +€18,165 | +10.0% |
| Tangible fixed assets | 22/27 | €181,893 | €200,058 | +€18,165 | +10.0% |
| Land and buildings | 22 | €168,783 | €168,749 | -€34 | 0.0% |
| Plant, machinery and equipment | 23 | €3,044 | €3,424 | +€380 | +12.5% |
| Furniture and vehicles | 24 | €10,066 | €27,884 | +€17,819 | +177% |
| Current assets | 29/58 | €237,825 | €236,366 | -€1,459 | -0.6% |
| Stocks and contracts in progress | 3 | €769 | €454 | -€314 | -40.9% |
| Stocks | 30/36 | €769 | €454 | -€314 | -40.9% |
| Amounts receivable within one year | 40/41 | €142,462 | €164,294 | +€21,832 | +15.3% |
| Trade receivables | 40 | €28,293 | €45,902 | +€17,609 | +62.2% |
| Other amounts receivable | 41 | €114,169 | €118,392 | +€4,223 | +3.7% |
| Cash at bank and in hand | 54/58 | €92,653 | €70,585 | -€22,068 | -23.8% |
| Deferred charges and accrued income | 490/1 | €1,941 | €1,033 | -€908 | -46.8% |
| Total equity and liabilities | 10/49 | €419,718 | €436,424 | +€16,706 | +4.0% |
| Equity | 10/15 | €367,718 | €397,463 | +€29,745 | +8.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €357,718 | €387,463 | +€29,745 | +8.3% |
| Non-distributable reserves | 130/1 | €13,293 | €13,293 | = | 0.0% |
| Reserves not available under the articles | 1311 | €13,293 | €13,293 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,464 | €18,464 | = | 0.0% |
| Distributable reserves | 133 | €325,961 | €355,706 | +€29,745 | +9.1% |
| Amounts payable | 17/49 | €52,000 | €38,961 | -€13,039 | -25.1% |
| Amounts payable after more than one year | 17 | - | €15,788 | +€15,788 | |
| Financial debts | 170/4 | - | €15,788 | +€15,788 | |
| Amounts payable within one year | 42/48 | €52,000 | €23,173 | -€28,826 | -55.4% |
| Current portion of amounts payable after more than one year | 42 | €4,137 | €4,019 | -€119 | -2.9% |
| Trade debts | 44 | €11,173 | €12,064 | +€891 | +8.0% |
| Suppliers | 440/4 | €11,173 | €12,064 | +€891 | +8.0% |
| Taxes, remuneration and social security | 45 | €2,780 | €7,090 | +€4,310 | +155% |
| Taxes | 450/3 | €2,780 | €7,090 | +€4,310 | +155% |
| Other amounts payable | 47/48 | €33,909 | - | -€33,909 | |
| Remuneration, social security and pensions | 62 | €26,490 | €30,037 | +€3,547 | +13.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,867 | €9,032 | +€5,164 | +134% |
| Other operating charges | 640/8 | €310 | €967 | +€656 | +212% |
| Non-recurring operating charges | 66A | - | €2,846 | +€2,846 | |
| Gross operating margin | 9900 | €45,776 | €79,361 | +€33,585 | +73.4% |
| Operating profit (loss) | 9901 | €15,108 | €36,479 | +€21,371 | +141% |
| Financial income | 75/76B | €5,202 | €5,020 | -€182 | -3.5% |
| Recurring financial income | 75 | €230 | €2,921 | +€2,691 | +1,172% |
| Non-recurring financial income | 76B | €4,972 | €2,100 | -€2,873 | -57.8% |
| Financial charges | 65/66B | €1,387 | €3,314 | +€1,928 | +139% |
| Recurring financial charges | 65 | €1,387 | €3,314 | +€1,928 | +139% |
| Profit (loss) for the period before taxes | 9903 | €18,923 | €38,185 | +€19,261 | +102% |
| Income taxes | 67/77 | €5,587 | €10,713 | +€5,127 | +91.8% |
| Profit (loss) for the period | 9904 | €13,337 | €27,472 | +€14,135 | +106% |
| Profit (loss) for the period to be appropriated | 9905 | €13,337 | €27,472 | +€14,135 | +106% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.