ETIENNE ANTHUENIS: what changed
ETIENNE ANTHUENIS
Largest movements
- Tangible fixed assets -€11,436
down €11,436 (-26.4%), from €43,327 to €31,891
- Cash +€5,494
up €5,494 (+39.3%), from €13,976 to €19,470
mainly Net result for the year (+€45,065) and Depreciation (+€11,436)
- Receivables within one year -€2,579
down €2,579 (-18.6%), from €13,833 to €11,254
of which Other amounts receivable: -€13,546
- Deferred charges and accrued income +€1,680
up €1,680 (+505%), from €332 to €2,013
- Other debts -€59,500
down €59,500 (-57.5%), from €103,473 to €43,973
- Profit (loss) carried forward +€55,971
up €55,971 (+63.5%), from -€88,078 to -€32,107
- Reserves -€10,906
down €10,906 (-37.6%), from €29,005 to €18,099
of which Distributable reserves: -€10,906
- Trade debts +€6,863
up €6,863 (+80.2%), from €8,558 to €15,421
- Tax, wage and social debts +€731
new in 2025: €731
- Gross operating margin +€58,999
up €58,999 (+410%), from €14,391 to €73,390
- Staff costs +€15,715
up €15,715, from €0 to €15,715
- Depreciation +€8,143
up €8,143 (+247%), from €3,293 to €11,436
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €71,558 | €64,717 | -€6,841 | -9.6% |
| Fixed assets | 21/28 | €43,416 | €31,980 | -€11,436 | -26.3% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €43,327 | €31,891 | -€11,436 | -26.4% |
| Furniture and vehicles | 24 | €43,327 | €31,891 | -€11,436 | -26.4% |
| Financial fixed assets | 28 | €89 | €89 | = | 0.0% |
| Current assets | 29/58 | €28,142 | €32,737 | +€4,595 | +16.3% |
| Amounts receivable within one year | 40/41 | €13,833 | €11,254 | -€2,579 | -18.6% |
| Trade receivables | 40 | - | €10,967 | +€10,967 | |
| Other amounts receivable | 41 | €13,833 | €287 | -€13,546 | -97.9% |
| Cash at bank and in hand | 54/58 | €13,976 | €19,470 | +€5,494 | +39.3% |
| Deferred charges and accrued income | 490/1 | €332 | €2,013 | +€1,680 | +505% |
| Total equity and liabilities | 10/49 | €71,558 | €64,717 | -€6,841 | -9.6% |
| Equity | 10/15 | -€40,473 | €4,591 | +€45,065 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €29,005 | €18,099 | -€10,906 | -37.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €29,005 | €18,099 | -€10,906 | -37.6% |
| Profit (loss) carried forward | 14 | -€88,078 | -€32,107 | +€55,971 | +63.5% |
| Amounts payable | 17/49 | €112,031 | €60,125 | -€51,906 | -46.3% |
| Amounts payable within one year | 42/48 | €112,031 | €60,125 | -€51,906 | -46.3% |
| Trade debts | 44 | €8,558 | €15,421 | +€6,863 | +80.2% |
| Suppliers | 440/4 | €8,558 | €15,421 | +€6,863 | +80.2% |
| Taxes, remuneration and social security | 45 | - | €731 | +€731 | |
| Remuneration and social security | 454/9 | - | €731 | +€731 | |
| Other amounts payable | 47/48 | €103,473 | €43,973 | -€59,500 | -57.5% |
| Non-recurring operating income | 76A | €36,269 | €0 | -€36,269 | -100% |
| Remuneration, social security and pensions | 62 | €0 | €15,715 | +€15,715 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,293 | €11,436 | +€8,143 | +247% |
| Other operating charges | 640/8 | €1,393 | €1,062 | -€331 | -23.8% |
| Gross operating margin | 9900 | €14,391 | €73,390 | +€58,999 | +410% |
| Operating profit (loss) | 9901 | €9,705 | €45,177 | +€35,473 | +366% |
| Financial income | 75/76B | €0 | €0 | -€0 | -83.3% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -83.3% |
| Financial charges | 65/66B | €171 | €113 | -€58 | -34.1% |
| Recurring financial charges | 65 | €171 | €113 | -€58 | -34.1% |
| Profit (loss) for the period before taxes | 9903 | €9,534 | €45,065 | +€35,531 | +373% |
| Profit (loss) for the period | 9904 | €9,534 | €45,065 | +€35,531 | +373% |
| Profit (loss) for the period to be appropriated | 9905 | €9,534 | €45,065 | +€35,531 | +373% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.