AnV: 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.
AnV
Largest movements
- Cash +€21,323
up €21,323 (+85.5%), from €24,950 to €46,274
mainly Other debts (+€100,662) and Net result for the year (+€26,380)
- Tangible fixed assets +€6,688
up €6,688 (+60.7%), from €11,021 to €17,710
of which Furniture and vehicles: +€6,978
- Receivables within one year -€6,655
down €6,655 (-61.0%), from €10,917 to €4,262
of which Trade receivables: -€9,983
- Other debts +€100,662
up €100,662 (+2751.7%), from €3,658 to €104,321
- Reserves -€88,220
down €88,220 (-80.2%), from €110,031 to €21,811
- Tax, wage and social debts +€11,521
up €11,521 (+199.5%), from €5,774 to €17,295
of which Taxes: +€12,561
- Accrued charges and deferred income -€3,160
down €3,160 (-100.0%), from €3,160 to €0
- Gross operating margin -€20,980
down €20,980 (-33.8%), from €62,087 to €41,107
- Taxes -€2,451
down €2,451 (-20.2%), from €12,110 to €9,658
- Financial income +€1,707
up €1,707 (+1038.5%), from €164 to €1,871
- Other operating charges +€838
up €838 (+192.9%), from €434 to €1,272
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 | €126,688 | €148,201 | +€21,513 | +17.0% |
| Fixed assets | 21/28 | €11,021 | €17,710 | +€6,688 | +60.7% |
| Tangible fixed assets | 22/27 | €11,021 | €17,710 | +€6,688 | +60.7% |
| Plant, machinery and equipment | 23 | €290 | €0 | -€290 | -100.0% |
| Furniture and vehicles | 24 | €10,732 | €17,710 | +€6,978 | +65.0% |
| Current assets | 29/58 | €115,667 | €130,492 | +€14,825 | +12.8% |
| Amounts receivable within one year | 40/41 | €10,917 | €4,262 | -€6,655 | -61.0% |
| Trade receivables | 40 | €9,983 | €0 | -€9,983 | -100.0% |
| Other amounts receivable | 41 | €934 | €4,262 | +€3,328 | +356.2% |
| Current investments | 50/53 | €79,000 | €79,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €24,950 | €46,274 | +€21,323 | +85.5% |
| Deferred charges and accrued income | 490/1 | €800 | €956 | +€156 | +19.5% |
| Total equity and liabilities | 10/49 | €126,688 | €148,201 | +€21,513 | +17.0% |
| Equity | 10/15 | €112,531 | €24,311 | -€88,220 | -78.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €110,031 | €21,811 | -€88,220 | -80.2% |
| Distributable reserves | 133 | €110,031 | €21,811 | -€88,220 | -80.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €14,157 | €123,890 | +€109,733 | +775.1% |
| Amounts payable within one year | 42/48 | €10,997 | €123,890 | +€112,894 | +1026.6% |
| Trade debts | 44 | €1,564 | €2,274 | +€710 | +45.4% |
| Suppliers | 440/4 | €1,564 | €2,274 | +€710 | +45.4% |
| Taxes, remuneration and social security | 45 | €5,774 | €17,295 | +€11,521 | +199.5% |
| Taxes | 450/3 | €4,734 | €17,295 | +€12,561 | +265.3% |
| Remuneration and social security | 454/9 | €1,040 | €0 | -€1,040 | -100.0% |
| Other amounts payable | 47/48 | €3,658 | €104,321 | +€100,662 | +2751.7% |
| Accrued charges and deferred income | 492/3 | €3,160 | €0 | -€3,160 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,898 | €5,217 | +€318 | +6.5% |
| Other operating charges | 640/8 | €434 | €1,272 | +€838 | +192.9% |
| Gross operating margin | 9900 | €62,087 | €41,107 | -€20,980 | -33.8% |
| Operating profit (loss) | 9901 | €56,755 | €34,619 | -€22,136 | -39.0% |
| Financial income | 75/76B | €164 | €1,871 | +€1,707 | +1038.5% |
| Recurring financial income | 75 | €164 | €1,871 | +€1,707 | +1038.5% |
| Financial charges | 65/66B | €166 | €452 | +€286 | +172.4% |
| Recurring financial charges | 65 | €166 | €452 | +€286 | +172.4% |
| Profit (loss) for the period before taxes | 9903 | €56,753 | €36,038 | -€20,716 | -36.5% |
| Income taxes | 67/77 | €12,110 | €9,658 | -€2,451 | -20.2% |
| Profit (loss) for the period | 9904 | €44,644 | €26,380 | -€18,264 | -40.9% |
| Profit (loss) for the period to be appropriated | 9905 | €44,644 | €26,380 | -€18,264 | -40.9% |
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 5 October 2026 via checked.be.