Jesse Anthuenis: 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.
Jesse Anthuenis
Largest movements
- Financial fixed assets +€46,346
up €46,346 (+266,358%), from €17 to €46,364
- Receivables within one year -€18,610
down €18,610 (-34.8%), from €53,545 to €34,935
of which Trade receivables: -€11,760
- Tangible fixed assets -€3,929
down €3,929 (-13.4%), from €29,389 to €25,461
of which Other tangible fixed assets: -€3,489
- Cash -€2,477
down €2,477 (-66.7%), from €3,713 to €1,235
mainly Investment in fixed assets (net) (-€46,346) and Net result for the year (-€6,379)
- Debts after one year +€27,759
up €27,759 (+139%), from €19,995 to €47,754
- Profit (loss) carried forward -€6,379
down €6,379 (-14.0%), from €45,595 to €39,217
- Tax, wage and social debts -€4,498
down €4,498 (-70.4%), from €6,384 to €1,887
- Other debts +€2,007
up €2,007 (+49.0%), from €4,094 to €6,101
- Current portion of long-term debt +€1,717
up €1,717 (+33.3%), from €5,161 to €6,878
- Gross operating margin -€13,264
down €13,264 (-99.3%), from €13,359 to €95
- Taxes -€1,618
down €1,618 (-100%), from €1,618 to €0
- Financial charges +€748
up €748 (+76.4%), from €979 to €1,728
- Depreciation +€611
up €611 (+18.4%), from €3,318 to €3,929
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €86,664 | €107,995 | +€21,330 | +24.6% |
| Fixed assets | 21/28 | €29,407 | €71,824 | +€42,417 | +144% |
| Tangible fixed assets | 22/27 | €29,389 | €25,461 | -€3,929 | -13.4% |
| Furniture and vehicles | 24 | €808 | €368 | -€440 | -54.4% |
| Other tangible fixed assets | 26 | €28,581 | €25,092 | -€3,489 | -12.2% |
| Financial fixed assets | 28 | €17 | €46,364 | +€46,346 | +266,358% |
| Current assets | 29/58 | €57,258 | €36,170 | -€21,087 | -36.8% |
| Amounts receivable within one year | 40/41 | €53,545 | €34,935 | -€18,610 | -34.8% |
| Trade receivables | 40 | €18,545 | €6,785 | -€11,760 | -63.4% |
| Other amounts receivable | 41 | €35,000 | €28,150 | -€6,850 | -19.6% |
| Cash at bank and in hand | 54/58 | €3,713 | €1,235 | -€2,477 | -66.7% |
| Total equity and liabilities | 10/49 | €86,664 | €107,995 | +€21,330 | +24.6% |
| Equity | 10/15 | €48,595 | €42,217 | -€6,379 | -13.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,595 | €39,217 | -€6,379 | -14.0% |
| Amounts payable | 17/49 | €38,069 | €65,778 | +€27,709 | +72.8% |
| Amounts payable after more than one year | 17 | €19,995 | €47,754 | +€27,759 | +139% |
| Financial debts | 170/4 | €19,995 | €47,754 | +€27,759 | +139% |
| Amounts payable within one year | 42/48 | €18,074 | €18,025 | -€50 | -0.3% |
| Current portion of amounts payable after more than one year | 42 | €5,161 | €6,878 | +€1,717 | +33.3% |
| Trade debts | 44 | €2,434 | €3,159 | +€725 | +29.8% |
| Suppliers | 440/4 | €2,434 | €3,159 | +€725 | +29.8% |
| Taxes, remuneration and social security | 45 | €6,384 | €1,887 | -€4,498 | -70.4% |
| Taxes | 450/3 | €6,384 | €1,887 | -€4,498 | -70.4% |
| Other amounts payable | 47/48 | €4,094 | €6,101 | +€2,007 | +49.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,318 | €3,929 | +€611 | +18.4% |
| Other operating charges | 640/8 | €686 | €817 | +€131 | +19.1% |
| Gross operating margin | 9900 | €13,359 | €95 | -€13,264 | -99.3% |
| Operating profit (loss) | 9901 | €9,355 | -€4,651 | -€14,006 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €979 | €1,728 | +€748 | +76.4% |
| Recurring financial charges | 65 | €979 | €1,728 | +€748 | +76.4% |
| Profit (loss) for the period before taxes | 9903 | €8,376 | -€6,379 | -€14,755 | |
| Income taxes | 67/77 | €1,618 | €0 | -€1,618 | -100% |
| Profit (loss) for the period | 9904 | €6,758 | -€6,379 | -€13,137 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,758 | -€6,379 | -€13,137 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.