TAMSIN ANTHONY: 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.
TAMSIN ANTHONY
Largest movements
- Tangible fixed assets -€9,261
down €9,261 (-22.8%), from €40,535 to €31,274
of which Furniture and vehicles: -€9,261
- Debts after one year -€8,943
down €8,943 (-36.7%), from €24,345 to €15,402
- Reserves +€7,024
up €7,024 (+16.8%), from €41,865 to €48,889
of which Distributable reserves: +€7,024
- Other debts -€5,575
down €5,575 (-100%), from €5,575 to €0
- Tax, wage and social debts -€2,100
down €2,100 (-99.0%), from €2,122 to €22
of which Remuneration and social security: -€2,100
- Financial income +€6,096
up €6,096 (+257,194%), from €2 to €6,098
- Gross operating margin +€5,604
up €5,604 (+41.5%), from €13,496 to €19,100
- Depreciation +€3,354
up €3,354 (+56.8%), from €5,907 to €9,261
- Taxes +€2,578
up €2,578 (+141%), from €1,831 to €4,409
- Other operating charges -€990
down €990 (-28.2%), from €3,504 to €2,514
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 | €199,154 | €188,164 | -€10,991 | -5.5% |
| Fixed assets | 21/28 | €41,035 | €31,774 | -€9,261 | -22.6% |
| Tangible fixed assets | 22/27 | €40,535 | €31,274 | -€9,261 | -22.8% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €40,535 | €31,274 | -€9,261 | -22.8% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €158,120 | €156,390 | -€1,730 | -1.1% |
| Amounts receivable after more than one year | 29 | €95,443 | €95,443 | = | 0.0% |
| Other amounts receivable | 291 | €95,443 | €95,443 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €54,516 | €53,577 | -€940 | -1.7% |
| Trade receivables | 40 | €46,831 | €32,219 | -€14,612 | -31.2% |
| Other amounts receivable | 41 | €7,685 | €21,358 | +€13,673 | +178% |
| Cash at bank and in hand | 54/58 | €8,160 | €7,370 | -€790 | -9.7% |
| Total equity and liabilities | 10/49 | €199,154 | €188,164 | -€10,991 | -5.5% |
| Equity | 10/15 | €118,782 | €125,806 | +€7,024 | +5.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €41,865 | €48,889 | +€7,024 | +16.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €41,865 | €48,889 | +€7,024 | +16.8% |
| Profit (loss) carried forward | 14 | €64,517 | €64,517 | = | 0.0% |
| Provisions and deferred taxes | 16 | €25,000 | €25,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €25,000 | €25,000 | = | 0.0% |
| Pensions and similar obligations | 160 | - | €25,000 | +€25,000 | |
| Major repairs and maintenance | 162 | €25,000 | €0 | -€25,000 | -100% |
| Amounts payable | 17/49 | €55,372 | €37,357 | -€18,015 | -32.5% |
| Amounts payable after more than one year | 17 | €24,345 | €15,402 | -€8,943 | -36.7% |
| Financial debts | 170/4 | €24,345 | €15,402 | -€8,943 | -36.7% |
| Amounts payable within one year | 42/48 | €18,792 | €11,074 | -€7,718 | -41.1% |
| Current portion of amounts payable after more than one year | 42 | €10,234 | €8,943 | -€1,291 | -12.6% |
| Financial debts | 43 | €861 | €861 | +€0 | 0.0% |
| Credit institutions | 430/8 | €861 | €861 | +€0 | 0.0% |
| Trade debts | 44 | - | €1,248 | +€1,248 | |
| Suppliers | 440/4 | - | €1,248 | +€1,248 | |
| Taxes, remuneration and social security | 45 | €2,122 | €22 | -€2,100 | -99.0% |
| Taxes | 450/3 | €22 | €22 | = | 0.0% |
| Remuneration and social security | 454/9 | €2,100 | €0 | -€2,100 | -100% |
| Other amounts payable | 47/48 | €5,575 | €0 | -€5,575 | -100% |
| Accrued charges and deferred income | 492/3 | €12,236 | €10,882 | -€1,354 | -11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,907 | €9,261 | +€3,354 | +56.8% |
| Other operating charges | 640/8 | €3,504 | €2,514 | -€990 | -28.2% |
| Gross operating margin | 9900 | €13,496 | €19,100 | +€5,604 | +41.5% |
| Operating profit (loss) | 9901 | €4,085 | €7,325 | +€3,241 | +79.3% |
| Financial income | 75/76B | €2 | €6,098 | +€6,096 | +257,194% |
| Recurring financial income | 75 | €2 | €6,098 | +€6,096 | +257,194% |
| Financial charges | 65/66B | €1,925 | €1,990 | +€65 | +3.4% |
| Recurring financial charges | 65 | €1,925 | €1,990 | +€65 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €2,162 | €11,433 | +€9,271 | +429% |
| Income taxes | 67/77 | €1,831 | €4,409 | +€2,578 | +141% |
| Profit (loss) for the period | 9904 | €331 | €7,024 | +€6,693 | +2,021% |
| Profit (loss) for the period to be appropriated | 9905 | €331 | €7,024 | +€6,693 | +2,021% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.