APANTESIS: 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.
APANTESIS
Largest movements
- Cash +€92,298
up €92,298 (+305.1%), from €30,254 to €122,553
mainly Net result for the year (+€75,694) and Tax, wage and social debts (+€21,344)
- Tangible fixed assets +€4,658
up €4,658 (+288.9%), from €1,612 to €6,270
of which Other tangible fixed assets: +€5,272
- Profit (loss) carried forward +€75,694
up €75,694 (+288.9%), from €26,200 to €101,894
- Tax, wage and social debts +€21,344
up €21,344 (+92.4%), from €23,107 to €44,451
of which Taxes: +€21,344
- Gross operating margin +€61,486
up €61,486 (+160.7%), from €38,256 to €99,742
- Taxes +€12,546
up €12,546 (+160.9%), from €7,796 to €20,341
- Financial charges +€1,876
up €1,876 (+123.6%), from €1,518 to €3,393
- Depreciation -€1,550
down €1,550 (-63.2%), from €2,452 to €902
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 | €59,238 | €155,379 | +€96,140 | +162.3% |
| Fixed assets | 21/28 | €1,612 | €6,270 | +€4,658 | +288.9% |
| Tangible fixed assets | 22/27 | €1,612 | €6,270 | +€4,658 | +288.9% |
| Furniture and vehicles | 24 | €1,612 | €998 | -€614 | -38.1% |
| Other tangible fixed assets | 26 | - | €5,272 | +€5,272 | |
| Current assets | 29/58 | €57,626 | €149,108 | +€91,482 | +158.8% |
| Amounts receivable within one year | 40/41 | €25,129 | €24,006 | -€1,123 | -4.5% |
| Trade receivables | 40 | €3,629 | €1,246 | -€2,383 | -65.7% |
| Other amounts receivable | 41 | €21,499 | €22,759 | +€1,260 | +5.9% |
| Cash at bank and in hand | 54/58 | €30,254 | €122,553 | +€92,298 | +305.1% |
| Deferred charges and accrued income | 490/1 | €2,243 | €2,550 | +€307 | +13.7% |
| Total equity and liabilities | 10/49 | €59,238 | €155,379 | +€96,140 | +162.3% |
| Equity | 10/15 | €30,200 | €105,894 | +€75,694 | +250.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,200 | €101,894 | +€75,694 | +288.9% |
| Amounts payable | 17/49 | €29,038 | €49,484 | +€20,446 | +70.4% |
| Amounts payable within one year | 42/48 | €29,038 | €49,484 | +€20,446 | +70.4% |
| Trade debts | 44 | €5,931 | €5,033 | -€898 | -15.1% |
| Suppliers | 440/4 | €5,931 | €5,033 | -€898 | -15.1% |
| Taxes, remuneration and social security | 45 | €23,107 | €44,451 | +€21,344 | +92.4% |
| Taxes | 450/3 | €18,781 | €40,125 | +€21,344 | +113.6% |
| Remuneration and social security | 454/9 | €4,326 | €4,326 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,452 | €902 | -€1,550 | -63.2% |
| Other operating charges | 640/8 | €943 | €658 | -€284 | -30.2% |
| Gross operating margin | 9900 | €38,256 | €99,742 | +€61,486 | +160.7% |
| Operating profit (loss) | 9901 | €34,861 | €98,182 | +€63,321 | +181.6% |
| Financial income | 75/76B | €652 | €1,247 | +€594 | +91.1% |
| Recurring financial income | 75 | €652 | €1,247 | +€594 | +91.1% |
| Financial charges | 65/66B | €1,518 | €3,393 | +€1,876 | +123.6% |
| Recurring financial charges | 65 | €1,518 | €3,393 | +€1,876 | +123.6% |
| Profit (loss) for the period before taxes | 9903 | €33,996 | €96,036 | +€62,040 | +182.5% |
| Income taxes | 67/77 | €7,796 | €20,341 | +€12,546 | +160.9% |
| Profit (loss) for the period | 9904 | €26,200 | €75,694 | +€49,494 | +188.9% |
| Profit (loss) for the period to be appropriated | 9905 | €26,200 | €75,694 | +€49,494 | +188.9% |
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 10 October 2026 via checked.be.