ANTHOS: 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.
ANTHOS
Largest movements
- Receivables within one year -€100,609
down €100,609 (-68.8%), from €146,229 to €45,620
of which Trade receivables: -€118,791
- Cash -€10,173
down €10,173 (-34.1%), from €29,798 to €19,625
mainly Trade debts (-€116,007) and Other debts (-€19,815)
- Tangible fixed assets -€6,945
down €6,945 (-15.0%), from €46,364 to €39,418
- Intangible fixed assets -€4,693
down €4,693 (-22.2%), from €21,110 to €16,417
- Trade debts -€116,007
down €116,007 (-92.6%), from €125,340 to €9,334
- Profit (loss) carried forward +€31,759
up €31,759 (+131.4%), from €24,173 to €55,932
- Other debts -€19,815
down €19,815 (-99.4%), from €19,930 to €114
- Current portion of long-term debt -€7,180
down €7,180 (-51.5%), from €13,941 to €6,761
- Debts after one year -€6,761
down €6,761 (-33.8%), from €19,996 to €13,235
- Gross operating margin +€61,795
up €61,795 (+46.9%), from €131,688 to €193,482
- Staff costs +€20,036
up €20,036 (+19.5%), from €102,645 to €122,681
- Other operating charges +€11,169
up €11,169 (+1014.1%), from €1,101 to €12,271
- Taxes +€5,545
up €5,545 (+112.5%), from €4,928 to €10,473
- Depreciation +€4,543
up €4,543 (+44.6%), from €10,188 to €14,731
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 | €253,581 | €131,432 | -€122,148 | -48.2% |
| Fixed assets | 21/28 | €69,769 | €58,130 | -€11,639 | -16.7% |
| Intangible fixed assets | 21 | €21,110 | €16,417 | -€4,693 | -22.2% |
| Tangible fixed assets | 22/27 | €46,364 | €39,418 | -€6,945 | -15.0% |
| Furniture and vehicles | 24 | €46,364 | €39,418 | -€6,945 | -15.0% |
| Financial fixed assets | 28 | €2,295 | €2,295 | = | 0.0% |
| Current assets | 29/58 | €183,812 | €73,302 | -€110,510 | -60.1% |
| Stocks and contracts in progress | 3 | €7,674 | €7,975 | +€300 | +3.9% |
| Stocks | 30/36 | €7,674 | €7,975 | +€300 | +3.9% |
| Amounts receivable within one year | 40/41 | €146,229 | €45,620 | -€100,609 | -68.8% |
| Trade receivables | 40 | €135,298 | €16,507 | -€118,791 | -87.8% |
| Other amounts receivable | 41 | €10,931 | €29,113 | +€18,182 | +166.3% |
| Cash at bank and in hand | 54/58 | €29,798 | €19,625 | -€10,173 | -34.1% |
| Deferred charges and accrued income | 490/1 | €111 | €83 | -€28 | -25.4% |
| Total equity and liabilities | 10/49 | €253,581 | €131,432 | -€122,148 | -48.2% |
| Equity | 10/15 | €28,673 | €60,432 | +€31,759 | +110.8% |
| Contributions | 10/11 | €4,500 | €4,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,173 | €55,932 | +€31,759 | +131.4% |
| Amounts payable | 17/49 | €224,908 | €71,001 | -€153,907 | -68.4% |
| Amounts payable after more than one year | 17 | €19,996 | €13,235 | -€6,761 | -33.8% |
| Financial debts | 170/4 | €19,996 | €13,235 | -€6,761 | -33.8% |
| Amounts payable within one year | 42/48 | €204,912 | €57,648 | -€147,264 | -71.9% |
| Current portion of amounts payable after more than one year | 42 | €13,941 | €6,761 | -€7,180 | -51.5% |
| Financial debts | 43 | €8,309 | €4,497 | -€3,812 | -45.9% |
| Credit institutions | 430/8 | €8,309 | €4,497 | -€3,812 | -45.9% |
| Trade debts | 44 | €125,340 | €9,334 | -€116,007 | -92.6% |
| Suppliers | 440/4 | €125,340 | €9,334 | -€116,007 | -92.6% |
| Taxes, remuneration and social security | 45 | €37,391 | €36,942 | -€449 | -1.2% |
| Taxes | 450/3 | €8,538 | €14,626 | +€6,088 | +71.3% |
| Remuneration and social security | 454/9 | €28,853 | €22,316 | -€6,537 | -22.7% |
| Other amounts payable | 47/48 | €19,930 | €114 | -€19,815 | -99.4% |
| Accrued charges and deferred income | 492/3 | - | €117 | +€117 | |
| Turnover | 70 | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €0 | = | |
| Remuneration, social security and pensions | 62 | €102,645 | €122,681 | +€20,036 | +19.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,188 | €14,731 | +€4,543 | +44.6% |
| Other operating charges | 640/8 | €1,101 | €12,271 | +€11,169 | +1014.1% |
| Gross operating margin | 9900 | €131,688 | €193,482 | +€61,795 | +46.9% |
| Operating profit (loss) | 9901 | €17,753 | €43,800 | +€26,047 | +146.7% |
| Financial income | 75/76B | €34 | €735 | +€701 | +2039.7% |
| Recurring financial income | 75 | €34 | €735 | +€701 | +2039.7% |
| Financial charges | 65/66B | €5,228 | €2,304 | -€2,924 | -55.9% |
| Recurring financial charges | 65 | €5,228 | €2,304 | -€2,924 | -55.9% |
| Profit (loss) for the period before taxes | 9903 | €12,560 | €42,232 | +€29,672 | +236.2% |
| Income taxes | 67/77 | €4,928 | €10,473 | +€5,545 | +112.5% |
| Profit (loss) for the period | 9904 | €7,632 | €31,759 | +€24,127 | +316.1% |
| Profit (loss) for the period to be appropriated | 9905 | €7,632 | €31,759 | +€24,127 | +316.1% |
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 12 October 2026 via checked.be.