Group d'Anvers: 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.
Group d'Anvers
Largest movements
- Cash -€88,697
down €88,697 (-83.5%), from €106,192 to €17,495
- Receivables within one year -€63,556
down €63,556 (-89.7%), from €70,861 to €7,305
of which Trade receivables: -€65,676
- Deferred charges and accrued income -€45,366
down €45,366 (-88.4%), from €51,310 to €5,944
- Trade debts -€154,185
down €154,185 (-53.9%), from €286,176 to €131,991
- Accrued charges and deferred income -€52,306
no longer reported in 2025 (was €52,306)
- Profit (loss) carried forward +€11,504
up €11,504 (+30.8%), from €37,385 to €48,889
- Gross operating margin -€3,231
down €3,231 (-8.7%), from €37,044 to €33,813
- Other operating charges +€2,642
up €2,642 (+90.1%), from €2,931 to €5,573
- Financial charges +€2,113
up €2,113 (+23.0%), from €9,188 to €11,301
of which Non-recurring financial charges: +€3,000
- Taxes -€1,580
down €1,580 (-26.3%), from €6,017 to €4,437
From the 2023 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.
Derived cash bridge
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €397,884 | €201,317 | -€196,567 | -49.4% |
| Fixed assets | 21/28 | €169,521 | €170,573 | +€1,052 | +0.6% |
| Tangible fixed assets | 22/27 | €169,021 | €168,023 | -€998 | -0.6% |
| Plant, machinery and equipment | 23 | €2,104 | €1,106 | -€998 | -47.4% |
| Assets under construction and advance payments | 27 | €166,916 | €166,916 | = | 0.0% |
| Financial fixed assets | 28 | €500 | €2,550 | +€2,050 | +410% |
| Current assets | 29/58 | €228,363 | €30,744 | -€197,619 | -86.5% |
| Amounts receivable within one year | 40/41 | €70,861 | €7,305 | -€63,556 | -89.7% |
| Trade receivables | 40 | €66,050 | €374 | -€65,676 | -99.4% |
| Other amounts receivable | 41 | €4,810 | €6,931 | +€2,120 | +44.1% |
| Cash at bank and in hand | 54/58 | €106,192 | €17,495 | -€88,697 | -83.5% |
| Deferred charges and accrued income | 490/1 | €51,310 | €5,944 | -€45,366 | -88.4% |
| Total equity and liabilities | 10/49 | €397,884 | €201,317 | -€196,567 | -49.4% |
| Equity | 10/15 | €47,385 | €58,889 | +€11,504 | +24.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,385 | €48,889 | +€11,504 | +30.8% |
| Amounts payable | 17/49 | €350,499 | €142,428 | -€208,071 | -59.4% |
| Amounts payable after more than one year | 17 | €6,000 | €6,000 | = | 0.0% |
| Financial debts | 170/4 | €6,000 | €6,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €292,193 | €136,428 | -€155,765 | -53.3% |
| Trade debts | 44 | €286,176 | €131,991 | -€154,185 | -53.9% |
| Suppliers | 440/4 | €286,176 | €131,991 | -€154,185 | -53.9% |
| Taxes, remuneration and social security | 45 | €6,017 | €4,437 | -€1,580 | -26.3% |
| Taxes | 450/3 | €6,017 | €4,437 | -€1,580 | -26.3% |
| Accrued charges and deferred income | 492/3 | €52,306 | - | -€52,306 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €934 | €998 | +€64 | +6.8% |
| Other operating charges | 640/8 | €2,931 | €5,573 | +€2,642 | +90.1% |
| Gross operating margin | 9900 | €37,044 | €33,813 | -€3,231 | -8.7% |
| Operating profit (loss) | 9901 | €33,178 | €27,241 | -€5,937 | -17.9% |
| Financial income | 75/76B | €1 | €0 | -€1 | -79.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -79.0% |
| Financial charges | 65/66B | €9,188 | €11,301 | +€2,113 | +23.0% |
| Recurring financial charges | 65 | €9,188 | €8,301 | -€887 | -9.7% |
| Non-recurring financial charges | 66B | - | €3,000 | +€3,000 | |
| Profit (loss) for the period before taxes | 9903 | €23,992 | €15,941 | -€8,051 | -33.6% |
| Income taxes | 67/77 | €6,017 | €4,437 | -€1,580 | -26.3% |
| Profit (loss) for the period | 9904 | €17,975 | €11,504 | -€6,472 | -36.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,975 | €11,504 | -€6,472 | -36.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.