Dr. Anemoon Torfs: 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.
Dr. Anemoon Torfs
Largest movements
- Cash +€174,261
up €174,261 (+159.7%), from €109,138 to €283,400
mainly Net result for the year (+€155,147) and Deferred charges and accrued income (+€30,028)
- Deferred charges and accrued income -€30,028
down €30,028 (-40.3%), from €74,567 to €44,540
- Receivables within one year -€6,530
down €6,530 (-12.5%), from €52,238 to €45,708
- Reserves +€155,147
up €155,147 (+108.4%), from €143,088 to €298,235
- Other debts -€25,404
down €25,404 (-59.1%), from €43,006 to €17,602
- Tax, wage and social debts +€5,079
up €5,079 (+10.9%), from €46,582 to €51,662
of which Taxes: +€5,079
- Gross operating margin +€18,975
up €18,975 (+10.2%), from €186,807 to €205,783
- Taxes +€4,676
up €4,676 (+10.8%), from €43,175 to €47,851
- Financial charges +€2,474
up €2,474 (+8387.7%), from €30 to €2,504
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 | €237,914 | €377,210 | +€139,296 | +58.5% |
| Fixed assets | 21/28 | €1,970 | €3,562 | +€1,592 | +80.8% |
| Tangible fixed assets | 22/27 | €1,970 | €3,562 | +€1,592 | +80.8% |
| Plant, machinery and equipment | 23 | €1,333 | €839 | -€494 | -37.1% |
| Furniture and vehicles | 24 | €637 | €2,723 | +€2,086 | +327.4% |
| Current assets | 29/58 | €235,944 | €373,648 | +€137,704 | +58.4% |
| Amounts receivable within one year | 40/41 | €52,238 | €45,708 | -€6,530 | -12.5% |
| Trade receivables | 40 | €52,238 | €45,708 | -€6,530 | -12.5% |
| Cash at bank and in hand | 54/58 | €109,138 | €283,400 | +€174,261 | +159.7% |
| Deferred charges and accrued income | 490/1 | €74,567 | €44,540 | -€30,028 | -40.3% |
| Total equity and liabilities | 10/49 | €237,914 | €377,210 | +€139,296 | +58.5% |
| Equity | 10/15 | €144,088 | €299,235 | +€155,147 | +107.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €143,088 | €298,235 | +€155,147 | +108.4% |
| Distributable reserves | 133 | €143,088 | €298,235 | +€155,147 | +108.4% |
| Amounts payable | 17/49 | €93,825 | €77,974 | -€15,851 | -16.9% |
| Amounts payable within one year | 42/48 | €93,435 | €75,862 | -€17,573 | -18.8% |
| Trade debts | 44 | €3,847 | €6,599 | +€2,752 | +71.5% |
| Suppliers | 440/4 | €3,847 | €6,599 | +€2,752 | +71.5% |
| Taxes, remuneration and social security | 45 | €46,582 | €51,662 | +€5,079 | +10.9% |
| Taxes | 450/3 | €43,175 | €48,255 | +€5,079 | +11.8% |
| Remuneration and social security | 454/9 | €3,407 | €3,407 | = | 0.0% |
| Other amounts payable | 47/48 | €43,006 | €17,602 | -€25,404 | -59.1% |
| Accrued charges and deferred income | 492/3 | €390 | €2,112 | +€1,722 | +441.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €366 | €1,116 | +€750 | +204.8% |
| Other operating charges | 640/8 | €148 | €283 | +€135 | +91.2% |
| Gross operating margin | 9900 | €186,807 | €205,783 | +€18,975 | +10.2% |
| Operating profit (loss) | 9901 | €186,293 | €204,384 | +€18,091 | +9.7% |
| Financial income | 75/76B | - | €1,118 | +€1,118 | |
| Recurring financial income | 75 | - | €1,118 | +€1,118 | |
| Financial charges | 65/66B | €30 | €2,504 | +€2,474 | +8387.7% |
| Recurring financial charges | 65 | €30 | €2,504 | +€2,474 | +8387.7% |
| Profit (loss) for the period before taxes | 9903 | €186,264 | €202,998 | +€16,734 | +9.0% |
| Income taxes | 67/77 | €43,175 | €47,851 | +€4,676 | +10.8% |
| Profit (loss) for the period | 9904 | €143,088 | €155,147 | +€12,059 | +8.4% |
| Profit (loss) for the period to be appropriated | 9905 | €143,088 | €155,147 | +€12,059 | +8.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.