ANJA WILLEMS: 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.
ANJA WILLEMS
Largest movements
- Cash +€41,765
up €41,765 (+179%), from €23,273 to €65,038
mainly Net result for the year (+€44,801) and Investment in fixed assets (net) (+€29,951)
- Tangible fixed assets -€39,084
down €39,084 (-92.3%), from €42,342 to €3,259
of which Furniture and vehicles: -€39,829
- Receivables within one year -€27,041
down €27,041 (-26.4%), from €102,574 to €75,533
of which Other amounts receivable: -€15,025
- Profit (loss) carried forward +€44,801
up €44,801 (+717%), from €6,252 to €51,053
- Debts after one year -€38,935
down €38,935 (-52.2%), from €74,599 to €35,664
- Other debts -€21,577
down €21,577 (-52.8%), from €40,864 to €19,287
- Tax, wage and social debts -€4,619
down €4,619 (-52.0%), from €8,886 to €4,267
- Trade debts -€3,375
down €3,375 (-64.1%), from €5,265 to €1,890
- Other operating charges -€30,134
down €30,134 (-99.7%), from €30,222 to €87
- Taxes -€19,101
no longer reported in 2025 (was €19,101)
- Staff costs -€3,505
down €3,505, from €3,255 to -€250
- Depreciation -€2,105
down €2,105 (-18.7%), from €11,238 to €9,133
- Financial charges -€719
down €719 (-20.4%), from €3,521 to €2,802
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 | €168,785 | €145,601 | -€23,184 | -13.7% |
| Fixed assets | 21/28 | €42,352 | €3,269 | -€39,084 | -92.3% |
| Tangible fixed assets | 22/27 | €42,342 | €3,259 | -€39,084 | -92.3% |
| Plant, machinery and equipment | 23 | - | €746 | +€746 | |
| Furniture and vehicles | 24 | €42,342 | €2,513 | -€39,829 | -94.1% |
| Financial fixed assets | 28 | €10 | €10 | = | 0.0% |
| Current assets | 29/58 | €126,433 | €142,332 | +€15,900 | +12.6% |
| Amounts receivable within one year | 40/41 | €102,574 | €75,533 | -€27,041 | -26.4% |
| Trade receivables | 40 | €81,603 | €69,587 | -€12,016 | -14.7% |
| Other amounts receivable | 41 | €20,971 | €5,946 | -€15,025 | -71.6% |
| Cash at bank and in hand | 54/58 | €23,273 | €65,038 | +€41,765 | +179% |
| Deferred charges and accrued income | 490/1 | €586 | €1,762 | +€1,176 | +201% |
| Total equity and liabilities | 10/49 | €168,785 | €145,601 | -€23,184 | -13.7% |
| Equity | 10/15 | €24,852 | €69,653 | +€44,801 | +180% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,252 | €51,053 | +€44,801 | +717% |
| Amounts payable | 17/49 | €143,933 | €75,948 | -€67,985 | -47.2% |
| Amounts payable after more than one year | 17 | €74,599 | €35,664 | -€38,935 | -52.2% |
| Financial debts | 170/4 | €74,599 | €35,664 | -€38,935 | -52.2% |
| Amounts payable within one year | 42/48 | €69,335 | €40,285 | -€29,050 | -41.9% |
| Current portion of amounts payable after more than one year | 42 | €14,319 | €14,841 | +€522 | +3.6% |
| Trade debts | 44 | €5,265 | €1,890 | -€3,375 | -64.1% |
| Suppliers | 440/4 | €5,265 | €1,890 | -€3,375 | -64.1% |
| Taxes, remuneration and social security | 45 | €8,886 | €4,267 | -€4,619 | -52.0% |
| Taxes | 450/3 | €8,886 | €4,267 | -€4,619 | -52.0% |
| Other amounts payable | 47/48 | €40,864 | €19,287 | -€21,577 | -52.8% |
| Remuneration, social security and pensions | 62 | €3,255 | -€250 | -€3,505 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,238 | €9,133 | -€2,105 | -18.7% |
| Other operating charges | 640/8 | €30,222 | €87 | -€30,134 | -99.7% |
| Gross operating margin | 9900 | €56,091 | €56,545 | +€454 | +0.8% |
| Operating profit (loss) | 9901 | €11,376 | €47,575 | +€36,199 | +318% |
| Financial income | 75/76B | €13 | €29 | +€16 | +122% |
| Recurring financial income | 75 | €13 | €29 | +€16 | +122% |
| Financial charges | 65/66B | €3,521 | €2,802 | -€719 | -20.4% |
| Recurring financial charges | 65 | €3,521 | €2,802 | -€719 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | €7,868 | €44,801 | +€36,934 | +469% |
| Income taxes | 67/77 | €19,101 | - | -€19,101 | |
| Profit (loss) for the period | 9904 | -€11,234 | €44,801 | +€56,035 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,234 | €44,801 | +€56,035 |
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 27 October 2026 via checked.be.