Anverso: 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.
Anverso
Largest movements
- Receivables within one year -€3,689
down €3,689 (-25.2%), from €14,627 to €10,938
of which Trade receivables: -€7,189
- Tangible fixed assets +€1,734
up €1,734 (+20.4%), from €8,514 to €10,248
of which Furniture and vehicles: +€1,813
- Reserves +€12,389
up €12,389 (+157%), from €7,913 to €20,302
- Other debts -€11,750
down €11,750 (-18.5%), from €63,548 to €51,797
- Tax, wage and social debts -€3,703
down €3,703 (-37.7%), from €9,820 to €6,117
- Trade debts +€1,603
up €1,603 (+189%), from €849 to €2,452
- Gross operating margin +€8,253
up €8,253 (+11.0%), from €75,072 to €83,325
- Taxes +€2,549
up €2,549 (+18.6%), from €13,716 to €16,265
- Depreciation +€1,718
up €1,718 (+41.6%), from €4,134 to €5,852
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 | €84,139 | €82,678 | -€1,462 | -1.7% |
| Fixed assets | 21/28 | €8,514 | €10,248 | +€1,734 | +20.4% |
| Tangible fixed assets | 22/27 | €8,514 | €10,248 | +€1,734 | +20.4% |
| Plant, machinery and equipment | 23 | €5,272 | €5,193 | -€79 | -1.5% |
| Furniture and vehicles | 24 | €3,243 | €5,055 | +€1,813 | +55.9% |
| Current assets | 29/58 | €75,625 | €72,429 | -€3,196 | -4.2% |
| Amounts receivable within one year | 40/41 | €14,627 | €10,938 | -€3,689 | -25.2% |
| Trade receivables | 40 | €14,627 | €7,438 | -€7,189 | -49.1% |
| Other amounts receivable | 41 | - | €3,500 | +€3,500 | |
| Cash at bank and in hand | 54/58 | €60,769 | €61,095 | +€325 | +0.5% |
| Deferred charges and accrued income | 490/1 | €228 | €396 | +€168 | +73.7% |
| Total equity and liabilities | 10/49 | €84,139 | €82,678 | -€1,462 | -1.7% |
| Equity | 10/15 | €9,923 | €22,312 | +€12,389 | +125% |
| Contributions | 10/11 | €2,010 | €2,010 | = | 0.0% |
| Reserves | 13 | €7,913 | €20,302 | +€12,389 | +157% |
| Distributable reserves | 133 | €7,913 | €20,302 | +€12,389 | +157% |
| Amounts payable | 17/49 | €74,217 | €60,366 | -€13,851 | -18.7% |
| Amounts payable within one year | 42/48 | €74,217 | €60,366 | -€13,851 | -18.7% |
| Trade debts | 44 | €849 | €2,452 | +€1,603 | +189% |
| Suppliers | 440/4 | €849 | €2,452 | +€1,603 | +189% |
| Taxes, remuneration and social security | 45 | €9,820 | €6,117 | -€3,703 | -37.7% |
| Taxes | 450/3 | €9,820 | €6,117 | -€3,703 | -37.7% |
| Other amounts payable | 47/48 | €63,548 | €51,797 | -€11,750 | -18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,134 | €5,852 | +€1,718 | +41.6% |
| Other operating charges | 640/8 | €857 | €696 | -€162 | -18.9% |
| Gross operating margin | 9900 | €75,072 | €83,325 | +€8,253 | +11.0% |
| Operating profit (loss) | 9901 | €70,081 | €76,778 | +€6,696 | +9.6% |
| Financial income | 75/76B | €182 | €110 | -€72 | -39.4% |
| Recurring financial income | 75 | €182 | €110 | -€72 | -39.4% |
| Financial charges | 65/66B | €1,425 | €1,174 | -€251 | -17.6% |
| Recurring financial charges | 65 | €1,425 | €1,174 | -€251 | -17.6% |
| Profit (loss) for the period before taxes | 9903 | €68,838 | €75,713 | +€6,876 | +10.0% |
| Income taxes | 67/77 | €13,716 | €16,265 | +€2,549 | +18.6% |
| Profit (loss) for the period | 9904 | €55,121 | €59,448 | +€4,327 | +7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €55,121 | €59,448 | +€4,327 | +7.8% |
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 14 October 2026 via checked.be.