ANVERTIA: 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.
ANVERTIA
Largest movements
- Cash +€26,134
up €26,134 (+46.7%), from €55,928 to €82,062
mainly Net result for the year (+€27,954) and Tax, wage and social debts (+€8,908)
- Reserves +€16,700
up €16,700 (+34.8%), from €47,950 to €64,650
- Profit (loss) carried forward +€11,254
up €11,254, from -€10,130 to €1,124
- Trade debts -€8,944
down €8,944 (-54.9%), from €16,284 to €7,340
- Tax, wage and social debts +€8,908
up €8,908 (+864%), from €1,031 to €9,939
- Other debts -€2,908
down €2,908 (-50.1%), from €5,808 to €2,901
- Financial charges -€38,485
down €38,485 (-99.2%), from €38,806 to €321
of which Non-recurring financial charges: -€38,368
- Gross operating margin +€19,101
up €19,101 (+103%), from €18,508 to €37,608
- Write-downs +€10,543
no longer reported in 2025 (was -€10,543)
- Taxes +€9,115
new in 2025: €9,115
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 | €65,943 | €91,936 | +€25,993 | +39.4% |
| Fixed assets | 21/28 | - | €782 | +€782 | |
| Tangible fixed assets | 22/27 | - | €782 | +€782 | |
| Furniture and vehicles | 24 | - | €782 | +€782 | |
| Current assets | 29/58 | €65,943 | €91,154 | +€25,211 | +38.2% |
| Stocks and contracts in progress | 3 | €360 | €150 | -€210 | -58.3% |
| Stocks | 30/36 | €360 | €150 | -€210 | -58.3% |
| Amounts receivable within one year | 40/41 | €9,635 | €8,941 | -€693 | -7.2% |
| Trade receivables | 40 | €2,228 | €8,941 | +€6,713 | +301% |
| Other amounts receivable | 41 | €7,407 | - | -€7,407 | |
| Cash at bank and in hand | 54/58 | €55,928 | €82,062 | +€26,134 | +46.7% |
| Deferred charges and accrued income | 490/1 | €20 | - | -€20 | |
| Total equity and liabilities | 10/49 | €65,943 | €91,936 | +€25,993 | +39.4% |
| Equity | 10/15 | €42,820 | €70,774 | +€27,954 | +65.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €47,950 | €64,650 | +€16,700 | +34.8% |
| Distributable reserves | 133 | €47,950 | €64,650 | +€16,700 | +34.8% |
| Profit (loss) carried forward | 14 | -€10,130 | €1,124 | +€11,254 | |
| Amounts payable | 17/49 | €23,123 | €21,162 | -€1,962 | -8.5% |
| Amounts payable within one year | 42/48 | €23,123 | €21,162 | -€1,962 | -8.5% |
| Trade debts | 44 | €16,284 | €7,340 | -€8,944 | -54.9% |
| Suppliers | 440/4 | €16,284 | €7,340 | -€8,944 | -54.9% |
| Advances received on contracts in progress | 46 | - | €982 | +€982 | |
| Taxes, remuneration and social security | 45 | €1,031 | €9,939 | +€8,908 | +864% |
| Taxes | 450/3 | €1,031 | €9,939 | +€8,908 | +864% |
| Other amounts payable | 47/48 | €5,808 | €2,901 | -€2,908 | -50.1% |
| Non-recurring operating income | 76A | €3,208 | - | -€3,208 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €204 | €72 | -€132 | -64.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€10,543 | - | +€10,543 | |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €18,508 | €37,608 | +€19,101 | +103% |
| Operating profit (loss) | 9901 | €28,341 | €37,017 | +€8,676 | +30.6% |
| Financial income | 75/76B | €320 | €373 | +€54 | +16.8% |
| Recurring financial income | 75 | €320 | €373 | +€54 | +16.8% |
| Financial charges | 65/66B | €38,806 | €321 | -€38,485 | -99.2% |
| Recurring financial charges | 65 | €438 | €321 | -€117 | -26.6% |
| Non-recurring financial charges | 66B | €38,368 | - | -€38,368 | |
| Profit (loss) for the period before taxes | 9903 | -€10,146 | €37,069 | +€47,215 | |
| Income taxes | 67/77 | - | €9,115 | +€9,115 | |
| Profit (loss) for the period | 9904 | -€10,146 | €27,954 | +€38,100 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,146 | €27,954 | +€38,100 |
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 22 October 2026 via checked.be.