ANVER: what changed
ANVER
Largest movements
- Tangible fixed assets +€189,709
up €189,709 (+41.6%), from €455,626 to €645,335
- Cash -€7,830
down €7,830 (-39.5%), from €19,802 to €11,972
mainly Investment in fixed assets (net) (-€240,868) and Debts after one year (-€31,782)
- Other debts +€200,000
up €200,000 (+47.4%), from €422,302 to €622,302
- Debts after one year -€31,782
down €31,782 (-15.1%), from €210,830 to €179,048
of which Financial debts: -€31,782
- Profit (loss) carried forward +€9,684
up €9,684 (+4.7%), from -€204,513 to -€194,829
- Gross operating margin +€8,891
up €8,891 (+11.8%), from €75,510 to €84,401
- Depreciation +€5,846
up €5,846 (+12.9%), from €45,313 to €51,159
- Taxes +€2,024
up €2,024, from -€2,000 to €24
- Financial charges -€1,726
down €1,726 (-12.1%), from €14,268 to €12,542
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €483,939 | €662,227 | +€178,288 | +36.8% |
| Fixed assets | 21/28 | €455,626 | €645,335 | +€189,709 | +41.6% |
| Tangible fixed assets | 22/27 | €455,626 | €645,335 | +€189,709 | +41.6% |
| Land and buildings | 22 | €455,626 | €645,335 | +€189,709 | +41.6% |
| Current assets | 29/58 | €28,313 | €16,892 | -€11,421 | -40.3% |
| Amounts receivable within one year | 40/41 | €7,649 | €4,110 | -€3,539 | -46.3% |
| Trade receivables | 40 | €7,649 | €4,110 | -€3,539 | -46.3% |
| Cash at bank and in hand | 54/58 | €19,802 | €11,972 | -€7,830 | -39.5% |
| Deferred charges and accrued income | 490/1 | €863 | €811 | -€52 | -6.0% |
| Total equity and liabilities | 10/49 | €483,939 | €662,227 | +€178,288 | +36.8% |
| Equity | 10/15 | -€185,913 | -€176,229 | +€9,684 | +5.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€204,513 | -€194,829 | +€9,684 | +4.7% |
| Amounts payable | 17/49 | €669,852 | €838,456 | +€168,604 | +25.2% |
| Amounts payable after more than one year | 17 | €210,830 | €179,048 | -€31,782 | -15.1% |
| Financial debts | 170/4 | €196,530 | €164,748 | -€31,782 | -16.2% |
| Other amounts payable | 178/9 | €14,300 | €14,300 | = | 0.0% |
| Amounts payable within one year | 42/48 | €457,910 | €658,441 | +€200,531 | +43.8% |
| Current portion of amounts payable after more than one year | 42 | €29,986 | €31,782 | +€1,796 | +6.0% |
| Financial debts | 43 | €2,421 | €2,566 | +€145 | +6.0% |
| Credit institutions | 430/8 | €2,421 | €2,566 | +€145 | +6.0% |
| Trade debts | 44 | €3,201 | €1,791 | -€1,410 | -44.0% |
| Suppliers | 440/4 | €3,201 | €1,791 | -€1,410 | -44.0% |
| Other amounts payable | 47/48 | €422,302 | €622,302 | +€200,000 | +47.4% |
| Accrued charges and deferred income | 492/3 | €1,112 | €967 | -€145 | -13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,313 | €51,159 | +€5,846 | +12.9% |
| Other operating charges | 640/8 | €10,390 | €11,072 | +€682 | +6.6% |
| Gross operating margin | 9900 | €75,510 | €84,401 | +€8,891 | +11.8% |
| Operating profit (loss) | 9901 | €19,806 | €22,169 | +€2,363 | +11.9% |
| Financial income | 75/76B | - | €81 | +€81 | |
| Recurring financial income | 75 | - | €81 | +€81 | |
| Financial charges | 65/66B | €14,268 | €12,542 | -€1,726 | -12.1% |
| Recurring financial charges | 65 | €14,268 | €12,542 | -€1,726 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €5,539 | €9,708 | +€4,170 | +75.3% |
| Income taxes | 67/77 | -€2,000 | €24 | +€2,024 | |
| Profit (loss) for the period | 9904 | €7,539 | €9,684 | +€2,146 | +28.5% |
| Profit (loss) for the period to be appropriated | 9905 | €7,539 | €9,684 | +€2,146 | +28.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.