ANN BOUTIQUE: 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 BOUTIQUE
Largest movements
- Stocks and contracts +€5,902
up €5,902 (+12.4%), from €47,657 to €53,559
- Receivables within one year +€4,042
up €4,042 (+299%), from €1,353 to €5,395
of which Other amounts receivable: +€2,246
- Tangible fixed assets -€3,642
down €3,642 (-18.5%), from €19,724 to €16,082
of which Land and buildings: -€2,200
- Cash +€2,501
up €2,501 (+4.9%), from €51,270 to €53,771
mainly Depreciation (+€5,821) and Net result for the year (+€5,417)
- Reserves +€5,417
up €5,417 (+25.5%), from €21,209 to €26,626
- Trade debts +€2,685
up €2,685 (+9.0%), from €29,729 to €32,413
- Debts after one year -€2,337
down €2,337 (-33.0%), from €7,080 to €4,743
- Tax, wage and social debts +€1,651
up €1,651 (+81.8%), from €2,018 to €3,669
of which Taxes: +€1,097
- Gross operating margin +€2,206
up €2,206 (+8.7%), from €25,300 to €27,506
- Depreciation -€1,394
down €1,394 (-19.3%), from €7,214 to €5,821
- Taxes +€935
up €935 (+52.9%), from €1,768 to €2,703
- Financial charges -€310
down €310 (-3.5%), from €8,914 to €8,604
- Other operating charges +€297
up €297 (+42.9%), from €692 to €988
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €123,417 | €131,091 | +€7,674 | +6.2% |
| Fixed assets | 21/28 | €21,831 | €17,495 | -€4,336 | -19.9% |
| Intangible fixed assets | 21 | €1,861 | €1,168 | -€693 | -37.3% |
| Tangible fixed assets | 22/27 | €19,724 | €16,082 | -€3,642 | -18.5% |
| Land and buildings | 22 | €16,296 | €14,096 | -€2,200 | -13.5% |
| Plant, machinery and equipment | 23 | €3,428 | €1,986 | -€1,442 | -42.1% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €246 | €246 | = | 0.0% |
| Current assets | 29/58 | €101,586 | €113,596 | +€12,010 | +11.8% |
| Stocks and contracts in progress | 3 | €47,657 | €53,559 | +€5,902 | +12.4% |
| Stocks | 30/36 | €47,657 | €53,559 | +€5,902 | +12.4% |
| Amounts receivable within one year | 40/41 | €1,353 | €5,395 | +€4,042 | +299% |
| Trade receivables | 40 | €0 | €1,796 | +€1,796 | |
| Other amounts receivable | 41 | €1,353 | €3,599 | +€2,246 | +166% |
| Cash at bank and in hand | 54/58 | €51,270 | €53,771 | +€2,501 | +4.9% |
| Deferred charges and accrued income | 490/1 | €1,306 | €870 | -€435 | -33.3% |
| Total equity and liabilities | 10/49 | €123,417 | €131,091 | +€7,674 | +6.2% |
| Equity | 10/15 | €43,617 | €49,034 | +€5,417 | +12.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €21,209 | €26,626 | +€5,417 | +25.5% |
| Distributable reserves | 133 | €21,209 | €26,626 | +€5,417 | +25.5% |
| Profit (loss) carried forward | 14 | €3,816 | €3,816 | = | 0.0% |
| Amounts payable | 17/49 | €79,800 | €82,057 | +€2,257 | +2.8% |
| Amounts payable after more than one year | 17 | €7,080 | €4,743 | -€2,337 | -33.0% |
| Financial debts | 170/4 | €7,080 | €4,743 | -€2,337 | -33.0% |
| Amounts payable within one year | 42/48 | €72,003 | €76,834 | +€4,831 | +6.7% |
| Current portion of amounts payable after more than one year | 42 | €2,247 | €2,337 | +€90 | +4.0% |
| Financial debts | 43 | €25,055 | €25,011 | -€44 | -0.2% |
| Credit institutions | 430/8 | €25,055 | €25,011 | -€44 | -0.2% |
| Trade debts | 44 | €29,729 | €32,413 | +€2,685 | +9.0% |
| Suppliers | 440/4 | €29,729 | €32,413 | +€2,685 | +9.0% |
| Taxes, remuneration and social security | 45 | €2,018 | €3,669 | +€1,651 | +81.8% |
| Taxes | 450/3 | €378 | €1,475 | +€1,097 | +291% |
| Remuneration and social security | 454/9 | €1,641 | €2,194 | +€553 | +33.7% |
| Other amounts payable | 47/48 | €12,955 | €13,404 | +€450 | +3.5% |
| Accrued charges and deferred income | 492/3 | €717 | €480 | -€237 | -33.1% |
| Remuneration, social security and pensions | 62 | €5,108 | €4,855 | -€253 | -4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,214 | €5,821 | -€1,394 | -19.3% |
| Other operating charges | 640/8 | €692 | €988 | +€297 | +42.9% |
| Gross operating margin | 9900 | €25,300 | €27,506 | +€2,206 | +8.7% |
| Operating profit (loss) | 9901 | €12,286 | €15,842 | +€3,556 | +28.9% |
| Financial income | 75/76B | €1,172 | €883 | -€290 | -24.7% |
| Recurring financial income | 75 | €1,172 | €883 | -€290 | -24.7% |
| Financial charges | 65/66B | €8,914 | €8,604 | -€310 | -3.5% |
| Recurring financial charges | 65 | €8,914 | €8,604 | -€310 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | €4,544 | €8,121 | +€3,576 | +78.7% |
| Income taxes | 67/77 | €1,768 | €2,703 | +€935 | +52.9% |
| Profit (loss) for the period | 9904 | €2,776 | €5,417 | +€2,641 | +95.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,776 | €5,417 | +€2,641 | +95.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.