FRANS ANTHONISSEN: 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.
What changed
FRANS ANTHONISSEN
NACE 81.100, Combined facilities support activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€96,868
2024 · -€97,853+€986
Equity
€1.5m
2024 · €1.6m-€96,868
Cash
€81,295
2024 · €109,733-€28,439
Balance sheet total
€5.0m
2024 · €5.2m-€183,150
Largest movements
Assets
- Tangible fixed assets -€160,173
down €160,173 (-3.2%), from €5.0m to €4.9m
of which Land and buildings: -€146,697
Equity and liabilities
- Debts after one year -€66,429
down €66,429 (-14.5%), from €458,581 to €392,152
- Reserves -€64,823
down €64,823 (-4.2%), from €1.5m to €1.5m
of which Tax-exempt reserves: -€64,823
Income statement
- Financial charges -€9,500
down €9,500 (-15.4%), from €61,686 to €52,186
- Taxes +€3,050
up €3,050 (+697%), from €438 to €3,488
- Other operating charges +€2,058
up €2,058 (+12.6%), from €16,349 to €18,407
- Depreciation +€1,712
up €1,712 (+1.1%), from €158,461 to €160,173
- Gross operating margin -€1,695
down €1,695 (-1.4%), from €117,473 to €115,779
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.
Result 2024
-€97,853
Gross operating margin
-€1,695
Depreciation
-€1,712
Other operating charges
-€2,058
Financial charges
+€9,500
Taxes
-€3,050
Result 2025
-€96,868
raises the resultlowers the result
Derived cash bridge
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.
From operations
+€36,985
Investment
€0
Financing
-€65,424
Cash 2024
€109,733
From operations (derived)
+€36,985
Net result for the year
-€96,868
Depreciation
+€160,173
Receivables within one year
-€5,422
Deferred charges and accrued income
-€40
Provisions
-€21,608
Trade debts
+€5,914
Tax, wage and social debts
-€877
Other debts
+€6,546
Accrued charges and deferred income
-€10,834
Financing
-€65,424
Debts after one year
-€66,429
Current portion of long-term debt
+€931
Short-term financial debts
+€74
Cash 2025
€81,295
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,161,177 | €4,978,028 | -€183,150 | -3.5% |
| Fixed assets | 21/28 | €5,043,702 | €4,883,529 | -€160,173 | -3.2% |
| Tangible fixed assets | 22/27 | €5,037,453 | €4,877,280 | -€160,173 | -3.2% |
| Land and buildings | 22 | €4,975,230 | €4,828,533 | -€146,697 | -2.9% |
| Furniture and vehicles | 24 | €62,223 | €48,747 | -€13,476 | -21.7% |
| Financial fixed assets | 28 | €6,249 | €6,249 | = | 0.0% |
| Current assets | 29/58 | €117,476 | €94,499 | -€22,977 | -19.6% |
| Amounts receivable within one year | 40/41 | €4,604 | €10,025 | +€5,422 | +118% |
| Trade receivables | 40 | €2,013 | €4,912 | +€2,899 | +144% |
| Other amounts receivable | 41 | €2,591 | €5,114 | +€2,523 | +97.4% |
| Cash at bank and in hand | 54/58 | €109,733 | €81,295 | -€28,439 | -25.9% |
| Deferred charges and accrued income | 490/1 | €3,138 | €3,179 | +€40 | +1.3% |
| Total equity and liabilities | 10/49 | €5,161,177 | €4,978,028 | -€183,150 | -3.5% |
| Equity | 10/15 | €1,645,560 | €1,548,692 | -€96,868 | -5.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,545,357 | €1,480,534 | -€64,823 | -4.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,539,157 | €1,474,334 | -€64,823 | -4.2% |
| Profit (loss) carried forward | 14 | €38,203 | €6,158 | -€32,045 | -83.9% |
| Provisions and deferred taxes | 16 | €513,052 | €491,445 | -€21,608 | -4.2% |
| Deferred taxes | 168 | €513,052 | €491,445 | -€21,608 | -4.2% |
| Amounts payable | 17/49 | €3,002,565 | €2,937,891 | -€64,675 | -2.2% |
| Amounts payable after more than one year | 17 | €458,581 | €392,152 | -€66,429 | -14.5% |
| Financial debts | 170/4 | €458,581 | €392,152 | -€66,429 | -14.5% |
| Amounts payable within one year | 42/48 | €2,527,551 | €2,540,139 | +€12,589 | +0.5% |
| Current portion of amounts payable after more than one year | 42 | €65,498 | €66,429 | +€931 | +1.4% |
| Financial debts | 43 | €0 | €74 | +€74 | |
| Credit institutions | 430/8 | €0 | €74 | +€74 | |
| Trade debts | 44 | €13,615 | €19,529 | +€5,914 | +43.4% |
| Suppliers | 440/4 | €13,615 | €19,529 | +€5,914 | +43.4% |
| Taxes, remuneration and social security | 45 | €6,138 | €5,261 | -€877 | -14.3% |
| Taxes | 450/3 | €6,138 | €5,261 | -€877 | -14.3% |
| Other amounts payable | 47/48 | €2,442,300 | €2,448,846 | +€6,546 | +0.3% |
| Accrued charges and deferred income | 492/3 | €16,434 | €5,600 | -€10,834 | -65.9% |
| Non-recurring operating income | 76A | €13,342 | €0 | -€13,342 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €158,461 | €160,173 | +€1,712 | +1.1% |
| Other operating charges | 640/8 | €16,349 | €18,407 | +€2,058 | +12.6% |
| Gross operating margin | 9900 | €117,473 | €115,779 | -€1,695 | -1.4% |
| Operating profit (loss) | 9901 | -€57,337 | -€62,801 | -€5,464 | -9.5% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €61,686 | €52,186 | -€9,500 | -15.4% |
| Recurring financial charges | 65 | €61,686 | €52,186 | -€9,500 | -15.4% |
| Profit (loss) for the period before taxes | 9903 | -€119,023 | -€114,988 | +€4,036 | +3.4% |
| Transfer from deferred taxes | 780 | €21,608 | €21,608 | = | 0.0% |
| Income taxes | 67/77 | €438 | €3,488 | +€3,050 | +697% |
| Profit (loss) for the period | 9904 | -€97,853 | -€96,868 | +€986 | +1.0% |
| Transfer from tax-exempt reserves | 789 | €64,823 | €64,823 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,031 | -€32,045 | +€986 | +3.0% |
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 1 November 2026 via checked.be.