Anthos: 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.
Anthos
Largest movements
- Tangible fixed assets -€21,029
down €21,029 (-10.3%), from €204,153 to €183,124
of which Leasing and similar rights: -€19,000
- Stocks and contracts -€16,529
down €16,529 (-77.3%), from €21,380 to €4,851
- Receivables within one year -€15,557
down €15,557 (-26.0%), from €59,768 to €44,211
of which Trade receivables: -€15,659
- Other debts -€36,967
down €36,967 (-36.0%), from €102,803 to €65,836
- Debts after one year -€17,691
down €17,691 (-24.4%), from €72,566 to €54,875
- Trade debts -€17,089
down €17,089 (-77.6%), from €22,020 to €4,931
- Reserves +€9,892
up €9,892 (+22.4%), from €44,173 to €54,065
- Tax, wage and social debts +€9,140
up €9,140 (+76.2%), from €11,996 to €21,135
of which Taxes: +€9,046
- Gross operating margin -€30,688
down €30,688 (-31.8%), from €96,442 to €65,754
- Depreciation +€15,193
up €15,193 (+60.9%), from €24,934 to €40,127
- Staff costs +€1,361
up €1,361 (+438.7%), from €310 to €1,672
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 | €287,372 | €235,402 | -€51,970 | -18.1% |
| Fixed assets | 21/28 | €205,254 | €183,725 | -€21,529 | -10.5% |
| Intangible fixed assets | 21 | €1,101 | €601 | -€500 | -45.4% |
| Tangible fixed assets | 22/27 | €204,153 | €183,124 | -€21,029 | -10.3% |
| Plant, machinery and equipment | 23 | €1,781 | €4,626 | +€2,845 | +159.8% |
| Furniture and vehicles | 24 | €107,621 | €103,872 | -€3,749 | -3.5% |
| Leasing and similar rights | 25 | €90,003 | €71,003 | -€19,000 | -21.1% |
| Other tangible fixed assets | 26 | €4,748 | €3,623 | -€1,125 | -23.7% |
| Current assets | 29/58 | €82,118 | €51,678 | -€30,441 | -37.1% |
| Stocks and contracts in progress | 3 | €21,380 | €4,851 | -€16,529 | -77.3% |
| Stocks | 30/36 | €21,380 | €4,851 | -€16,529 | -77.3% |
| Amounts receivable within one year | 40/41 | €59,768 | €44,211 | -€15,557 | -26.0% |
| Trade receivables | 40 | €56,374 | €40,715 | -€15,659 | -27.8% |
| Other amounts receivable | 41 | €3,394 | €3,496 | +€102 | +3.0% |
| Cash at bank and in hand | 54/58 | €190 | €1,786 | +€1,596 | +838.8% |
| Deferred charges and accrued income | 490/1 | €780 | €829 | +€50 | +6.4% |
| Total equity and liabilities | 10/49 | €287,372 | €235,402 | -€51,970 | -18.1% |
| Equity | 10/15 | €61,042 | €70,934 | +€9,892 | +16.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €44,173 | €54,065 | +€9,892 | +22.4% |
| Distributable reserves | 133 | €44,173 | €54,065 | +€9,892 | +22.4% |
| Profit (loss) carried forward | 14 | €11,869 | €11,869 | -€0 | 0.0% |
| Amounts payable | 17/49 | €226,330 | €164,468 | -€61,862 | -27.3% |
| Amounts payable after more than one year | 17 | €72,566 | €54,875 | -€17,691 | -24.4% |
| Financial debts | 170/4 | €72,566 | €54,875 | -€17,691 | -24.4% |
| Amounts payable within one year | 42/48 | €153,764 | €109,593 | -€44,171 | -28.7% |
| Current portion of amounts payable after more than one year | 42 | €16,945 | €17,691 | +€746 | +4.4% |
| Trade debts | 44 | €22,020 | €4,931 | -€17,089 | -77.6% |
| Suppliers | 440/4 | €22,020 | €4,931 | -€17,089 | -77.6% |
| Taxes, remuneration and social security | 45 | €11,996 | €21,135 | +€9,140 | +76.2% |
| Taxes | 450/3 | €11,975 | €21,021 | +€9,046 | +75.5% |
| Remuneration and social security | 454/9 | €21 | €114 | +€94 | +450.5% |
| Other amounts payable | 47/48 | €102,803 | €65,836 | -€36,967 | -36.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €310 | €1,672 | +€1,361 | +438.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,934 | €40,127 | +€15,193 | +60.9% |
| Other operating charges | 640/8 | €4,215 | €3,552 | -€663 | -15.7% |
| Non-recurring operating charges | 66A | €44,403 | €0 | -€44,403 | -100.0% |
| Gross operating margin | 9900 | €96,442 | €65,754 | -€30,688 | -31.8% |
| Operating profit (loss) | 9901 | €22,579 | €20,403 | -€2,176 | -9.6% |
| Financial income | 75/76B | €1 | €1 | +€0 | +86.3% |
| Recurring financial income | 75 | €1 | €1 | +€0 | +86.3% |
| Financial charges | 65/66B | €4,485 | €3,591 | -€894 | -19.9% |
| Recurring financial charges | 65 | €4,485 | €3,591 | -€894 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | €18,095 | €16,813 | -€1,282 | -7.1% |
| Income taxes | 67/77 | €6,371 | €6,921 | +€550 | +8.6% |
| Profit (loss) for the period | 9904 | €11,724 | €9,892 | -€1,832 | -15.6% |
| Profit (loss) for the period to be appropriated | 9905 | €11,724 | €9,892 | -€1,832 | -15.6% |
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.