AAN21: 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.
AAN21
Largest movements
- Stocks and contracts -€2,000
down €2,000 (-26.7%), from €7,500 to €5,500
- Receivables within one year -€700
down €700 (-34.0%), from €2,058 to €1,358
of which Trade receivables: -€2,054
- Cash -€209
down €209 (-55.1%), from €379 to €170
mainly Net result for the year (-€9,859) and Trade debts (-€2,867)
- Profit (loss) carried forward -€9,859
down €9,859 (-47.3%), from -€20,862 to -€30,721
- Other debts +€9,851
up €9,851 (+66.8%), from €14,744 to €24,595
- Trade debts -€2,867
down €2,867 (-71.3%), from €4,021 to €1,154
- Staff costs -€7,385
no longer reported in 2025 (was €7,385)
- Other operating charges -€199
down €199 (-23.0%), from €864 to €665
- Financial charges -€149
down €149 (-72.7%), from €205 to €56
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.
Cash bridge derived
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 | €9,937 | €7,028 | -€2,909 | -29.3% |
| Current assets | 29/58 | €9,937 | €7,028 | -€2,909 | -29.3% |
| Stocks and contracts in progress | 3 | €7,500 | €5,500 | -€2,000 | -26.7% |
| Stocks | 30/36 | €7,500 | €5,500 | -€2,000 | -26.7% |
| Amounts receivable within one year | 40/41 | €2,058 | €1,358 | -€700 | -34.0% |
| Trade receivables | 40 | €2,058 | €4 | -€2,054 | -99.8% |
| Other amounts receivable | 41 | - | €1,354 | +€1,354 | |
| Cash at bank and in hand | 54/58 | €379 | €170 | -€209 | -55.1% |
| Total equity and liabilities | 10/49 | €9,937 | €7,028 | -€2,909 | -29.3% |
| Equity | 10/15 | -€8,862 | -€18,721 | -€9,859 | -111.3% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,862 | -€30,721 | -€9,859 | -47.3% |
| Amounts payable | 17/49 | €18,799 | €25,749 | +€6,950 | +37.0% |
| Amounts payable within one year | 42/48 | €18,799 | €25,749 | +€6,950 | +37.0% |
| Trade debts | 44 | €4,021 | €1,154 | -€2,867 | -71.3% |
| Suppliers | 440/4 | €4,021 | €1,154 | -€2,867 | -71.3% |
| Taxes, remuneration and social security | 45 | €34 | - | -€34 | |
| Taxes | 450/3 | €34 | - | -€34 | |
| Other amounts payable | 47/48 | €14,744 | €24,595 | +€9,851 | +66.8% |
| Remuneration, social security and pensions | 62 | €7,385 | - | -€7,385 | |
| Other operating charges | 640/8 | €864 | €665 | -€199 | -23.0% |
| Non-recurring operating charges | 66A | €503 | - | -€503 | |
| Gross operating margin | 9900 | -€9,111 | -€9,138 | -€27 | -0.3% |
| Operating profit (loss) | 9901 | -€17,863 | -€9,803 | +€8,060 | +45.1% |
| Financial charges | 65/66B | €205 | €56 | -€149 | -72.7% |
| Recurring financial charges | 65 | €205 | €56 | -€149 | -72.7% |
| Profit (loss) for the period before taxes | 9903 | -€18,068 | -€9,859 | +€8,209 | +45.4% |
| Profit (loss) for the period | 9904 | -€18,068 | -€9,859 | +€8,209 | +45.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,068 | -€9,859 | +€8,209 | +45.4% |
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 12 October 2026 via checked.be.