AnVM MANAGEMENT: 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.
AnVM MANAGEMENT
Largest movements
- Cash +€398,826
up €398,826 (+935.0%), from €42,657 to €441,483
mainly Current investments (+€200,000) and Net result for the year (+€189,608)
- Current investments -€200,000
down €200,000 (-100.0%), from €200,000 to €0
- Tangible fixed assets -€6,337
down €6,337 (-8.3%), from €75,911 to €69,575
- Reserves +€189,608
up €189,608 (+68.1%), from €278,406 to €468,014
- Financial income +€4,299
up €4,299 (+1710.5%), from €251 to €4,550
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 | €358,345 | €550,286 | +€191,942 | +53.6% |
| Fixed assets | 21/28 | €75,911 | €69,575 | -€6,337 | -8.3% |
| Tangible fixed assets | 22/27 | €75,911 | €69,575 | -€6,337 | -8.3% |
| Furniture and vehicles | 24 | €75,911 | €69,575 | -€6,337 | -8.3% |
| Current assets | 29/58 | €282,433 | €480,712 | +€198,278 | +70.2% |
| Amounts receivable within one year | 40/41 | €36,933 | €36,470 | -€463 | -1.3% |
| Trade receivables | 40 | €36,399 | €36,399 | = | 0.0% |
| Other amounts receivable | 41 | €534 | €71 | -€463 | -86.7% |
| Current investments | 50/53 | €200,000 | €0 | -€200,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €42,657 | €441,483 | +€398,826 | +935.0% |
| Deferred charges and accrued income | 490/1 | €2,843 | €2,758 | -€85 | -3.0% |
| Total equity and liabilities | 10/49 | €358,345 | €550,286 | +€191,942 | +53.6% |
| Equity | 10/15 | €283,406 | €473,014 | +€189,608 | +66.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €278,406 | €468,014 | +€189,608 | +68.1% |
| Distributable reserves | 133 | €278,406 | €468,014 | +€189,608 | +68.1% |
| Amounts payable | 17/49 | €74,939 | €77,272 | +€2,334 | +3.1% |
| Amounts payable within one year | 42/48 | €74,939 | €77,272 | +€2,334 | +3.1% |
| Trade debts | 44 | €172 | €1,403 | +€1,231 | +716.4% |
| Suppliers | 440/4 | €172 | €1,403 | +€1,231 | +716.4% |
| Taxes, remuneration and social security | 45 | €74,767 | €75,869 | +€1,103 | +1.5% |
| Taxes | 450/3 | €74,767 | €75,869 | +€1,103 | +1.5% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,496 | €19,496 | = | 0.0% |
| Other operating charges | 640/8 | €456 | €955 | +€499 | +109.5% |
| Gross operating margin | 9900 | €263,917 | €265,215 | +€1,299 | +0.5% |
| Operating profit (loss) | 9901 | €243,965 | €244,764 | +€800 | +0.3% |
| Financial income | 75/76B | €251 | €4,550 | +€4,299 | +1710.5% |
| Recurring financial income | 75 | €251 | €4,550 | +€4,299 | +1710.5% |
| Financial charges | 65/66B | €154 | €185 | +€31 | +20.1% |
| Recurring financial charges | 65 | €154 | €185 | +€31 | +20.1% |
| Profit (loss) for the period before taxes | 9903 | €244,062 | €249,129 | +€5,068 | +2.1% |
| Income taxes | 67/77 | €56,891 | €59,521 | +€2,630 | +4.6% |
| Profit (loss) for the period | 9904 | €187,171 | €189,608 | +€2,437 | +1.3% |
| Profit (loss) for the period to be appropriated | 9905 | €187,171 | €189,608 | +€2,437 | +1.3% |
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 3 October 2026 via checked.be.