ANVERZ: 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.
ANVERZ
Largest movements
- Cash +€121,775
up €121,775 (+371.9%), from €32,747 to €154,522
mainly Other debts (+€68,009) and Net result for the year (+€65,293)
- Financial fixed assets -€62,217
down €62,217 (-22.4%), from €277,169 to €214,951
- Current investments -€53,742
down €53,742 (-26.6%), from €202,224 to €148,482
- Tangible fixed assets -€12,417
down €12,417 (-23.3%), from €53,380 to €40,963
- Reserves -€77,868
down €77,868 (-16.0%), from €485,637 to €407,769
- Other debts +€68,009
up €68,009 (+87.9%), from €77,332 to €145,341
- Tax, wage and social debts +€6,311
up €6,311 (+512.0%), from €1,233 to €7,544
- Financial income +€70,149
up €70,149 (+254.9%), from €27,516 to €97,666
of which Non-recurring financial income: +€85,500
- Taxes +€6,342
up €6,342 (+563.1%), from €1,126 to €7,468
- Depreciation +€4,738
up €4,738 (+61.7%), from €7,679 to €12,417
- Gross operating margin +€1,189
up €1,189 (+9.5%), from -€12,530 to -€11,341
- Other operating charges +€412
up €412 (+70.3%), from €587 to €999
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 | €572,564 | €568,536 | -€4,028 | -0.7% |
| Fixed assets | 21/28 | €330,549 | €255,914 | -€74,635 | -22.6% |
| Tangible fixed assets | 22/27 | €53,380 | €40,963 | -€12,417 | -23.3% |
| Furniture and vehicles | 24 | €53,380 | €40,963 | -€12,417 | -23.3% |
| Financial fixed assets | 28 | €277,169 | €214,951 | -€62,217 | -22.4% |
| Current assets | 29/58 | €242,016 | €312,622 | +€70,606 | +29.2% |
| Amounts receivable within one year | 40/41 | €4,264 | €2,992 | -€1,272 | -29.8% |
| Trade receivables | 40 | €2,753 | €1,643 | -€1,110 | -40.3% |
| Other amounts receivable | 41 | €1,512 | €1,349 | -€163 | -10.8% |
| Current investments | 50/53 | €202,224 | €148,482 | -€53,742 | -26.6% |
| Cash at bank and in hand | 54/58 | €32,747 | €154,522 | +€121,775 | +371.9% |
| Deferred charges and accrued income | 490/1 | €2,781 | €6,626 | +€3,845 | +138.2% |
| Total equity and liabilities | 10/49 | €572,564 | €568,536 | -€4,028 | -0.7% |
| Equity | 10/15 | €493,201 | €415,333 | -€77,868 | -15.8% |
| Contributions | 10/11 | €7,564 | €7,564 | = | 0.0% |
| Reserves | 13 | €485,637 | €407,769 | -€77,868 | -16.0% |
| Distributable reserves | 133 | €485,637 | €407,769 | -€77,868 | -16.0% |
| Amounts payable | 17/49 | €79,363 | €153,203 | +€73,840 | +93.0% |
| Amounts payable within one year | 42/48 | €79,363 | €153,203 | +€73,840 | +93.0% |
| Trade debts | 44 | €799 | €318 | -€481 | -60.1% |
| Suppliers | 440/4 | €799 | €318 | -€481 | -60.1% |
| Taxes, remuneration and social security | 45 | €1,233 | €7,544 | +€6,311 | +512.0% |
| Taxes | 450/3 | €1,233 | €7,544 | +€6,311 | +512.0% |
| Other amounts payable | 47/48 | €77,332 | €145,341 | +€68,009 | +87.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,679 | €12,417 | +€4,738 | +61.7% |
| Other operating charges | 640/8 | €587 | €999 | +€412 | +70.3% |
| Gross operating margin | 9900 | -€12,530 | -€11,341 | +€1,189 | +9.5% |
| Operating profit (loss) | 9901 | -€20,796 | -€24,757 | -€3,961 | -19.0% |
| Financial income | 75/76B | €27,516 | €97,666 | +€70,149 | +254.9% |
| Recurring financial income | 75 | €27,516 | €12,166 | -€15,351 | -55.8% |
| Non-recurring financial income | 76B | - | €85,500 | +€85,500 | |
| Financial charges | 65/66B | €514 | €147 | -€367 | -71.4% |
| Recurring financial charges | 65 | €514 | €147 | -€367 | -71.4% |
| Profit (loss) for the period before taxes | 9903 | €6,206 | €72,761 | +€66,555 | +1072.5% |
| Income taxes | 67/77 | €1,126 | €7,468 | +€6,342 | +563.1% |
| Profit (loss) for the period | 9904 | €5,079 | €65,293 | +€60,214 | +1185.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,079 | €65,293 | +€60,214 | +1185.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.