Ann: 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.
Ann
Largest movements
- Cash +€205,446
up €205,446 (+213%), from €96,370 to €301,816
mainly Net result for the year (+€130,132) and Current investments (+€48,090)
- Current investments -€48,090
down €48,090 (-16.0%), from €300,000 to €251,910
- Receivables within one year -€34,868
down €34,868 (-26.7%), from €130,691 to €95,823
of which Trade receivables: -€34,993
- Reserves +€130,132
up €130,132 (+28.3%), from €459,052 to €589,184
- Tax, wage and social debts -€7,547
down €7,547 (-12.0%), from €62,913 to €55,366
of which Taxes: -€5,520
- Gross operating margin +€27,348
up €27,348 (+18.2%), from €150,109 to €177,457
- Taxes +€7,300
up €7,300 (+15.9%), from €45,928 to €53,227
- Financial income -€2,410
down €2,410 (-26.9%), from €8,971 to €6,561
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 | €527,061 | €649,550 | +€122,489 | +23.2% |
| Current assets | 29/58 | €527,061 | €649,550 | +€122,489 | +23.2% |
| Amounts receivable within one year | 40/41 | €130,691 | €95,823 | -€34,868 | -26.7% |
| Trade receivables | 40 | €125,328 | €90,336 | -€34,993 | -27.9% |
| Other amounts receivable | 41 | €5,363 | €5,488 | +€125 | +2.3% |
| Current investments | 50/53 | €300,000 | €251,910 | -€48,090 | -16.0% |
| Cash at bank and in hand | 54/58 | €96,370 | €301,816 | +€205,446 | +213% |
| Total equity and liabilities | 10/49 | €527,061 | €649,550 | +€122,489 | +23.2% |
| Equity | 10/15 | €464,052 | €594,184 | +€130,132 | +28.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €459,052 | €589,184 | +€130,132 | +28.3% |
| Distributable reserves | 133 | €459,052 | €589,184 | +€130,132 | +28.3% |
| Amounts payable | 17/49 | €63,009 | €55,366 | -€7,643 | -12.1% |
| Amounts payable within one year | 42/48 | €63,009 | €55,366 | -€7,643 | -12.1% |
| Trade debts | 44 | €28 | - | -€28 | |
| Suppliers | 440/4 | €28 | - | -€28 | |
| Taxes, remuneration and social security | 45 | €62,913 | €55,366 | -€7,547 | -12.0% |
| Taxes | 450/3 | €60,886 | €55,366 | -€5,520 | -9.1% |
| Remuneration and social security | 454/9 | €2,027 | - | -€2,027 | |
| Other amounts payable | 47/48 | €69 | - | -€69 | |
| Other operating charges | 640/8 | €449 | €400 | -€50 | -11.0% |
| Gross operating margin | 9900 | €150,109 | €177,457 | +€27,348 | +18.2% |
| Operating profit (loss) | 9901 | €149,660 | €177,057 | +€27,397 | +18.3% |
| Financial income | 75/76B | €8,971 | €6,561 | -€2,410 | -26.9% |
| Recurring financial income | 75 | €8,971 | €6,561 | -€2,410 | -26.9% |
| Financial charges | 65/66B | €1 | €258 | +€257 | +25,748% |
| Recurring financial charges | 65 | €1 | €258 | +€257 | +25,748% |
| Profit (loss) for the period before taxes | 9903 | €158,629 | €183,360 | +€24,730 | +15.6% |
| Income taxes | 67/77 | €45,928 | €53,227 | +€7,300 | +15.9% |
| Profit (loss) for the period | 9904 | €112,702 | €130,132 | +€17,430 | +15.5% |
| Profit (loss) for the period to be appropriated | 9905 | €112,702 | €130,132 | +€17,430 | +15.5% |
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 14 October 2026 via checked.be.