Josy ANSELME: 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.
Josy ANSELME
Largest movements
- Receivables within one year +€48,425
up €48,425 (+27.3%), from €177,483 to €225,908
of which Trade receivables: +€47,481
- Cash -€4,991
down €4,991 (-6.5%), from €77,108 to €72,117
mainly Receivables within one year (-€48,425) and Deferred charges and accrued income (-€3,127)
- Deferred charges and accrued income +€3,127
new in 2025: €3,127
- Profit (loss) carried forward +€42,896
up €42,896 (+36.5%), from €117,644 to €160,540
- Tax, wage and social debts +€3,892
up €3,892 (+153%), from €2,544 to €6,436
- Gross operating margin +€42,323
up €42,323 (+263%), from €16,068 to €58,391
- Financial charges -€30,413
down €30,413 (-86.7%), from €35,078 to €4,665
of which Non-recurring financial charges: -€27,074
- Taxes +€6,061
up €6,061 (+1,276%), from €475 to €6,536
- Depreciation -€1,209
down €1,209 (-24.7%), from €4,899 to €3,690
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 | €260,787 | €305,660 | +€44,873 | +17.2% |
| Fixed assets | 21/28 | €6,196 | €4,508 | -€1,688 | -27.2% |
| Tangible fixed assets | 22/27 | €6,196 | €4,508 | -€1,688 | -27.2% |
| Plant, machinery and equipment | 23 | €3,474 | €4,119 | +€645 | +18.6% |
| Furniture and vehicles | 24 | €2,722 | €389 | -€2,333 | -85.7% |
| Current assets | 29/58 | €254,591 | €301,152 | +€46,561 | +18.3% |
| Amounts receivable within one year | 40/41 | €177,483 | €225,908 | +€48,425 | +27.3% |
| Trade receivables | 40 | €117,811 | €165,292 | +€47,481 | +40.3% |
| Other amounts receivable | 41 | €59,672 | €60,616 | +€944 | +1.6% |
| Cash at bank and in hand | 54/58 | €77,108 | €72,117 | -€4,991 | -6.5% |
| Deferred charges and accrued income | 490/1 | - | €3,127 | +€3,127 | |
| Total equity and liabilities | 10/49 | €260,787 | €305,660 | +€44,873 | +17.2% |
| Equity | 10/15 | €154,715 | €197,611 | +€42,896 | +27.7% |
| Contributions | 10/11 | €18,592 | €18,592 | +€0 | 0.0% |
| Capital | 10 | - | €18,592 | +€18,592 | |
| Issued capital | 100 | - | €18,592 | +€18,592 | |
| Reserves | 13 | €18,479 | €18,479 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | +€0 | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | +€0 | 0.0% |
| Distributable reserves | 133 | €16,620 | €16,620 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | €117,644 | €160,540 | +€42,896 | +36.5% |
| Amounts payable | 17/49 | €106,072 | €108,049 | +€1,977 | +1.9% |
| Amounts payable after more than one year | 17 | €100,000 | €100,000 | = | 0.0% |
| Financial debts | 170/4 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €6,072 | €8,049 | +€1,977 | +32.6% |
| Trade debts | 44 | €3,528 | €1,613 | -€1,915 | -54.3% |
| Suppliers | 440/4 | €3,528 | €1,613 | -€1,915 | -54.3% |
| Taxes, remuneration and social security | 45 | €2,544 | €6,436 | +€3,892 | +153% |
| Taxes | 450/3 | €2,544 | €6,436 | +€3,892 | +153% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,899 | €3,690 | -€1,209 | -24.7% |
| Other operating charges | 640/8 | €784 | €630 | -€154 | -19.6% |
| Gross operating margin | 9900 | €16,068 | €58,391 | +€42,323 | +263% |
| Operating profit (loss) | 9901 | €10,385 | €54,070 | +€43,685 | +421% |
| Financial income | 75/76B | €1 | €26 | +€25 | +2,534% |
| Recurring financial income | 75 | €1 | €26 | +€25 | +2,534% |
| Financial charges | 65/66B | €35,078 | €4,665 | -€30,413 | -86.7% |
| Recurring financial charges | 65 | €8,004 | €4,665 | -€3,339 | -41.7% |
| Non-recurring financial charges | 66B | €27,074 | - | -€27,074 | |
| Profit (loss) for the period before taxes | 9903 | -€24,692 | €49,432 | +€74,124 | |
| Income taxes | 67/77 | €475 | €6,536 | +€6,061 | +1,276% |
| Profit (loss) for the period | 9904 | -€25,167 | €42,896 | +€68,063 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,167 | €42,896 | +€68,063 |
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 30 October 2026 via checked.be.