AANN: what changed
Two fiscal 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.
What changed
AANN
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€103,696
2024 · -€154,966+€51,270
Equity
€9.4m
2024 · €9.5m-€103,696
Cash
€122
2024 · €7,600-€7,477
Balance sheet total
€11.8m
2024 · €11.9m-€14,417
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Financial charges -€41,749
down €41,749 (-42.3%), from €98,682 to €56,932
- Taxes +€22,223
up €22,223, from €0 to €22,223
- Depreciation -€21,382
down €21,382 (-9.4%), from €228,333 to €206,952
- Other operating charges -€8,236
down €8,236 (-14.4%), from €57,278 to €49,042
- Staff costs -€6,853
down €6,853 (-14.4%), from €47,452 to €40,599
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.
Result 2024
-€154,966
Gross operating margin
-€6,273
Staff costs
+€6,853
Depreciation
+€21,382
Other operating charges
+€8,236
Other operating items
+€1,539
Financial income
+€7
Financial charges
+€41,749
Taxes
-€22,223
Result 2025
-€103,696
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.
From operations
+€204,312
Investment
-€195,646
Financing
-€16,144
Cash 2024
€7,600
From operations (derived)
+€204,312
Net result for the year
-€103,696
Depreciation
+€206,952
Receivables within one year
-€5,649
Deferred charges and accrued income
+€1,282
Trade debts
+€47,280
Tax, wage and social debts
-€4,927
Other debts
+€59,964
Accrued charges and deferred income
+€3,107
Investment (derived)
-€195,646
Investment in fixed assets (net)
-€195,646
Financing
-€16,144
Debts after one year
+€30,080
Current portion of long-term debt
-€55,837
Short-term financial debts
+€9,614
Cash 2025
€122
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,851,311 | €11,836,894 | -€14,417 | -0.1% |
| Fixed assets | 21/28 | €11,789,160 | €11,777,855 | -€11,305 | -0.1% |
| Tangible fixed assets | 22/27 | €11,788,958 | €11,777,653 | -€11,305 | -0.1% |
| Land and buildings | 22 | €11,736,996 | €11,673,498 | -€63,498 | -0.5% |
| Plant, machinery and equipment | 23 | €798 | €670 | -€128 | -16.0% |
| Furniture and vehicles | 24 | €51,165 | €103,485 | +€52,320 | +102.3% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €202 | €202 | = | 0.0% |
| Current assets | 29/58 | €62,151 | €59,040 | -€3,111 | -5.0% |
| Amounts receivable within one year | 40/41 | €35,190 | €40,838 | +€5,649 | +16.1% |
| Trade receivables | 40 | €8,956 | €37,552 | +€28,596 | +319.3% |
| Other amounts receivable | 41 | €26,234 | €3,286 | -€22,948 | -87.5% |
| Cash at bank and in hand | 54/58 | €7,600 | €122 | -€7,477 | -98.4% |
| Deferred charges and accrued income | 490/1 | €19,362 | €18,079 | -€1,282 | -6.6% |
| Total equity and liabilities | 10/49 | €11,851,311 | €11,836,894 | -€14,417 | -0.1% |
| Equity | 10/15 | €9,540,170 | €9,436,473 | -€103,696 | -1.1% |
| Contributions | 10/11 | €718,891 | €718,891 | = | 0.0% |
| Revaluation surpluses | 12 | €8,811,957 | €8,811,957 | = | 0.0% |
| Reserves | 13 | €8,769 | €8,769 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,769 | €8,769 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,769 | €8,769 | = | 0.0% |
| Profit (loss) carried forward | 14 | €553 | -€103,143 | -€103,696 | |
| Amounts payable | 17/49 | €2,311,141 | €2,400,421 | +€89,280 | +3.9% |
| Amounts payable after more than one year | 17 | €9,698 | €39,778 | +€30,080 | +310.2% |
| Financial debts | 170/4 | €9,698 | €39,778 | +€30,080 | +310.2% |
| Amounts payable within one year | 42/48 | €2,126,443 | €2,182,536 | +€56,093 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €79,922 | €24,084 | -€55,837 | -69.9% |
| Financial debts | 43 | €0 | €9,614 | +€9,614 | |
| Credit institutions | 430/8 | €0 | €9,614 | +€9,614 | |
| Trade debts | 44 | €44,363 | €91,643 | +€47,280 | +106.6% |
| Suppliers | 440/4 | €44,363 | €91,643 | +€47,280 | +106.6% |
| Taxes, remuneration and social security | 45 | €82,659 | €77,731 | -€4,927 | -6.0% |
| Taxes | 450/3 | €74,520 | €70,362 | -€4,158 | -5.6% |
| Remuneration and social security | 454/9 | €8,139 | €7,370 | -€769 | -9.5% |
| Other amounts payable | 47/48 | €1,919,499 | €1,979,463 | +€59,964 | +3.1% |
| Accrued charges and deferred income | 492/3 | €175,000 | €178,107 | +€3,107 | +1.8% |
| Non-recurring operating income | 76A | €13,364 | €4,805 | -€8,559 | -64.0% |
| Remuneration, social security and pensions | 62 | €47,452 | €40,599 | -€6,853 | -14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €228,333 | €206,952 | -€21,382 | -9.4% |
| Other operating charges | 640/8 | €57,278 | €49,042 | -€8,236 | -14.4% |
| Non-recurring operating charges | 66A | €1,799 | €260 | -€1,539 | -85.5% |
| Gross operating margin | 9900 | €278,572 | €272,299 | -€6,273 | -2.3% |
| Operating profit (loss) | 9901 | -€56,290 | -€24,553 | +€31,737 | +56.4% |
| Financial income | 75/76B | €6 | €12 | +€7 | +114.3% |
| Recurring financial income | 75 | €6 | €12 | +€7 | +114.3% |
| Financial charges | 65/66B | €98,682 | €56,932 | -€41,749 | -42.3% |
| Recurring financial charges | 65 | €98,682 | €56,932 | -€41,749 | -42.3% |
| Profit (loss) for the period before taxes | 9903 | -€154,966 | -€81,473 | +€73,493 | +47.4% |
| Income taxes | 67/77 | €0 | €22,223 | +€22,223 | |
| Profit (loss) for the period | 9904 | -€154,966 | -€103,696 | +€51,270 | +33.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€154,966 | -€103,696 | +€51,270 | +33.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.