ANN: 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.
ANN
Largest movements
- Cash +€6,535
up €6,535 (+12.5%), from €52,225 to €58,760
mainly Net result for the year (+€5,293) and Stocks and contracts (+€4,036)
- Stocks and contracts -€4,036
down €4,036 (-20.1%), from €20,084 to €16,048
- Deferred charges and accrued income +€1,372
up €1,372 (+258.7%), from €530 to €1,902
- Profit (loss) carried forward +€5,293
up €5,293 (+325.4%), from €1,626 to €6,919
- Debts after one year -€4,100
down €4,100 (-15.6%), from €26,213 to €22,113
- Accrued charges and deferred income +€1,738
up €1,738 (+51.0%), from €3,410 to €5,147
- Trade debts +€1,580
up €1,580 (+16.0%), from €9,854 to €11,434
- Gross operating margin +€4,129
up €4,129 (+56.9%), from €7,253 to €11,382
- Taxes +€1,098
up €1,098 (+66.4%), from €1,653 to €2,751
- Financial charges -€444
down €444 (-18.8%), from €2,358 to €1,913
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 | €74,693 | €78,192 | +€3,498 | +4.7% |
| Fixed assets | 21/28 | €1,490 | €1,117 | -€372 | -25.0% |
| Tangible fixed assets | 22/27 | €1,490 | €1,117 | -€372 | -25.0% |
| Plant, machinery and equipment | 23 | €1,490 | €1,117 | -€372 | -25.0% |
| Current assets | 29/58 | €73,204 | €77,074 | +€3,871 | +5.3% |
| Stocks and contracts in progress | 3 | €20,084 | €16,048 | -€4,036 | -20.1% |
| Stocks | 30/36 | €20,084 | €16,048 | -€4,036 | -20.1% |
| Amounts receivable within one year | 40/41 | €364 | €364 | = | 0.0% |
| Trade receivables | 40 | €364 | €364 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €52,225 | €58,760 | +€6,535 | +12.5% |
| Deferred charges and accrued income | 490/1 | €530 | €1,902 | +€1,372 | +258.7% |
| Total equity and liabilities | 10/49 | €74,693 | €78,192 | +€3,498 | +4.7% |
| Equity | 10/15 | €30,693 | €35,986 | +€5,293 | +17.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €10,474 | €10,474 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €8,615 | €8,615 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,626 | €6,919 | +€5,293 | +325.4% |
| Amounts payable | 17/49 | €44,001 | €42,206 | -€1,795 | -4.1% |
| Amounts payable after more than one year | 17 | €26,213 | €22,113 | -€4,100 | -15.6% |
| Other amounts payable | 178/9 | €26,213 | €22,113 | -€4,100 | -15.6% |
| Amounts payable within one year | 42/48 | €14,378 | €14,946 | +€568 | +3.9% |
| Trade debts | 44 | €9,854 | €11,434 | +€1,580 | +16.0% |
| Suppliers | 440/4 | €9,854 | €11,434 | +€1,580 | +16.0% |
| Taxes, remuneration and social security | 45 | €4,071 | €3,465 | -€607 | -14.9% |
| Taxes | 450/3 | €4,071 | €3,465 | -€607 | -14.9% |
| Other amounts payable | 47/48 | €453 | €48 | -€405 | -89.5% |
| Accrued charges and deferred income | 492/3 | €3,410 | €5,147 | +€1,738 | +51.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €372 | €372 | = | 0.0% |
| Other operating charges | 640/8 | €1,089 | €1,168 | +€79 | +7.2% |
| Gross operating margin | 9900 | €7,253 | €11,382 | +€4,129 | +56.9% |
| Operating profit (loss) | 9901 | €5,791 | €9,841 | +€4,050 | +69.9% |
| Financial income | 75/76B | €188 | €116 | -€72 | -38.2% |
| Recurring financial income | 75 | €188 | €116 | -€72 | -38.2% |
| Financial charges | 65/66B | €2,358 | €1,913 | -€444 | -18.8% |
| Recurring financial charges | 65 | €2,358 | €1,913 | -€444 | -18.8% |
| Profit (loss) for the period before taxes | 9903 | €3,621 | €8,044 | +€4,423 | +122.1% |
| Income taxes | 67/77 | €1,653 | €2,751 | +€1,098 | +66.4% |
| Profit (loss) for the period | 9904 | €1,968 | €5,293 | +€3,325 | +168.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,968 | €5,293 | +€3,325 | +168.9% |
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 2 October 2026 via checked.be.