AN-EYES: 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.
AN-EYES
Largest movements
- Tangible fixed assets +€490,529
up €490,529 (+1,329%), from €36,896 to €527,425
of which Land and buildings: +€360,000
- Cash +€47,643
up €47,643 (+32.3%), from €147,508 to €195,151
mainly Debts after one year (+€430,404) and Trade debts (+€33,614)
- Receivables within one year -€17,946
down €17,946 (-45.0%), from €39,920 to €21,974
of which Other amounts receivable: -€22,239
- Intangible fixed assets -€14,000
down €14,000 (-66.4%), from €21,096 to €7,096
- Stocks and contracts -€10,490
down €10,490 (-17.3%), from €60,489 to €50,000
- Debts after one year +€430,404
new in 2025: €430,404
- Trade debts +€33,614
up €33,614 (+179%), from €18,727 to €52,341
- Current portion of long-term debt +€22,730
up €22,730 (+118%), from €19,276 to €42,006
- Tax, wage and social debts -€20,718
down €20,718 (-53.1%), from €38,987 to €18,269
of which Taxes: -€18,448
- Reserves +€17,700
up €17,700 (+8.6%), from €206,700 to €224,400
- Gross operating margin -€72,018
down €72,018 (-41.6%), from €173,142 to €101,124
- Taxes -€18,927
down €18,927 (-88.2%), from €21,450 to €2,523
- Financial charges +€6,990
up €6,990 (+937%), from €746 to €7,736
- Staff costs +€6,646
up €6,646 (+17.1%), from €38,921 to €45,567
- Depreciation -€3,953
down €3,953 (-13.1%), from €30,228 to €26,276
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 | €310,002 | €806,560 | +€496,558 | +160% |
| Fixed assets | 21/28 | €57,992 | €534,521 | +€476,529 | +822% |
| Intangible fixed assets | 21 | €21,096 | €7,096 | -€14,000 | -66.4% |
| Tangible fixed assets | 22/27 | €36,896 | €527,425 | +€490,529 | +1,329% |
| Land and buildings | 22 | - | €360,000 | +€360,000 | |
| Plant, machinery and equipment | 23 | €1,466 | €1,130 | -€337 | -23.0% |
| Furniture and vehicles | 24 | €30,930 | €20,266 | -€10,663 | -34.5% |
| Other tangible fixed assets | 26 | €4,500 | €146,030 | +€141,530 | +3,145% |
| Current assets | 29/58 | €252,010 | €272,039 | +€20,029 | +7.9% |
| Stocks and contracts in progress | 3 | €60,489 | €50,000 | -€10,490 | -17.3% |
| Stocks | 30/36 | €60,489 | €50,000 | -€10,490 | -17.3% |
| Amounts receivable within one year | 40/41 | €39,920 | €21,974 | -€17,946 | -45.0% |
| Trade receivables | 40 | €3,557 | €7,851 | +€4,294 | +121% |
| Other amounts receivable | 41 | €36,363 | €14,124 | -€22,239 | -61.2% |
| Cash at bank and in hand | 54/58 | €147,508 | €195,151 | +€47,643 | +32.3% |
| Deferred charges and accrued income | 490/1 | €4,092 | €4,914 | +€822 | +20.1% |
| Total equity and liabilities | 10/49 | €310,002 | €806,560 | +€496,558 | +160% |
| Equity | 10/15 | €229,275 | €246,997 | +€17,722 | +7.7% |
| Contributions | 10/11 | €22,500 | €22,500 | = | 0.0% |
| Reserves | 13 | €206,700 | €224,400 | +€17,700 | +8.6% |
| Distributable reserves | 133 | €206,700 | €224,400 | +€17,700 | +8.6% |
| Profit (loss) carried forward | 14 | €75 | €97 | +€22 | +30.0% |
| Amounts payable | 17/49 | €80,727 | €559,563 | +€478,836 | +593% |
| Amounts payable after more than one year | 17 | - | €430,404 | +€430,404 | |
| Financial debts | 170/4 | - | €430,404 | +€430,404 | |
| Amounts payable within one year | 42/48 | €77,427 | €112,658 | +€35,232 | +45.5% |
| Current portion of amounts payable after more than one year | 42 | €19,276 | €42,006 | +€22,730 | +118% |
| Trade debts | 44 | €18,727 | €52,341 | +€33,614 | +179% |
| Suppliers | 440/4 | €18,727 | €52,341 | +€33,614 | +179% |
| Advances received on contracts in progress | 46 | €394 | - | -€394 | |
| Taxes, remuneration and social security | 45 | €38,987 | €18,269 | -€20,718 | -53.1% |
| Taxes | 450/3 | €30,398 | €11,951 | -€18,448 | -60.7% |
| Remuneration and social security | 454/9 | €8,588 | €6,319 | -€2,270 | -26.4% |
| Other amounts payable | 47/48 | €42 | €42 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,300 | €16,500 | +€13,200 | +400% |
| Remuneration, social security and pensions | 62 | €38,921 | €45,567 | +€6,646 | +17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,228 | €26,276 | -€3,953 | -13.1% |
| Other operating charges | 640/8 | €487 | €2,540 | +€2,052 | +421% |
| Gross operating margin | 9900 | €173,142 | €101,124 | -€72,018 | -41.6% |
| Operating profit (loss) | 9901 | €103,506 | €26,742 | -€76,763 | -74.2% |
| Financial income | 75/76B | €1,719 | €1,239 | -€480 | -27.9% |
| Recurring financial income | 75 | €1,719 | €1,239 | -€480 | -27.9% |
| Financial charges | 65/66B | €746 | €7,736 | +€6,990 | +937% |
| Recurring financial charges | 65 | €746 | €7,736 | +€6,990 | +937% |
| Profit (loss) for the period before taxes | 9903 | €104,479 | €20,245 | -€84,233 | -80.6% |
| Income taxes | 67/77 | €21,450 | €2,523 | -€18,927 | -88.2% |
| Profit (loss) for the period | 9904 | €83,029 | €17,722 | -€65,307 | -78.7% |
| Profit (loss) for the period to be appropriated | 9905 | €83,029 | €17,722 | -€65,307 | -78.7% |
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 28 October 2026 via checked.be.