ANAÏS HELMAN: 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.
ANAÏS HELMAN
Largest movements
- Cash +€21,434
up €21,434 (+162%), from €13,220 to €34,654
mainly Net result for the year (+€25,105) and Depreciation (+€3,549)
- Deferred charges and accrued income +€3,010
new in 2025: €3,010
- Tangible fixed assets -€868
down €868 (-6.8%), from €12,767 to €11,899
- Receivables within one year +€781
new in 2025: €781
- Reserves +€25,000
up €25,000 (+161%), from €15,500 to €40,500
- Gross operating margin +€19,216
up €19,216 (+87.4%), from €21,974 to €41,190
- Taxes +€6,886
up €6,886 (+124%), from €5,550 to €12,436
- Depreciation +€2,905
up €2,905 (+451%), from €644 to €3,549
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 | €25,988 | €50,344 | +€24,356 | +93.7% |
| Fixed assets | 21/28 | €12,767 | €11,899 | -€868 | -6.8% |
| Tangible fixed assets | 22/27 | €12,767 | €11,899 | -€868 | -6.8% |
| Furniture and vehicles | 24 | €12,767 | €11,899 | -€868 | -6.8% |
| Current assets | 29/58 | €13,220 | €38,445 | +€25,224 | +191% |
| Amounts receivable within one year | 40/41 | - | €781 | +€781 | |
| Trade receivables | 40 | - | €781 | +€781 | |
| Cash at bank and in hand | 54/58 | €13,220 | €34,654 | +€21,434 | +162% |
| Deferred charges and accrued income | 490/1 | - | €3,010 | +€3,010 | |
| Total equity and liabilities | 10/49 | €25,988 | €50,344 | +€24,356 | +93.7% |
| Equity | 10/15 | €20,542 | €45,646 | +€25,105 | +122% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €15,500 | €40,500 | +€25,000 | +161% |
| Distributable reserves | 133 | €15,500 | €40,500 | +€25,000 | +161% |
| Profit (loss) carried forward | 14 | €42 | €146 | +€105 | +249% |
| Amounts payable | 17/49 | €5,446 | €4,697 | -€749 | -13.7% |
| Amounts payable within one year | 42/48 | €5,446 | €4,697 | -€749 | -13.7% |
| Taxes, remuneration and social security | 45 | €1,550 | €1,100 | -€450 | -29.0% |
| Taxes | 450/3 | €1,550 | €1,100 | -€450 | -29.0% |
| Other amounts payable | 47/48 | €3,896 | €3,597 | -€299 | -7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €644 | €3,549 | +€2,905 | +451% |
| Other operating charges | 640/8 | €239 | €25 | -€214 | -89.7% |
| Gross operating margin | 9900 | €21,974 | €41,190 | +€19,216 | +87.4% |
| Operating profit (loss) | 9901 | €21,092 | €37,617 | +€16,525 | +78.3% |
| Financial charges | 65/66B | - | €77 | +€77 | |
| Recurring financial charges | 65 | - | €77 | +€77 | |
| Profit (loss) for the period before taxes | 9903 | €21,092 | €37,540 | +€16,449 | +78.0% |
| Income taxes | 67/77 | €5,550 | €12,436 | +€6,886 | +124% |
| Profit (loss) for the period | 9904 | €15,542 | €25,105 | +€9,563 | +61.5% |
| Profit (loss) for the period to be appropriated | 9905 | €15,542 | €25,105 | +€9,563 | +61.5% |
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 29 October 2026 via checked.be.