Ann Debackere: 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 Debackere
Largest movements
- Current investments +€94,000
new in 2025: €94,000
- Cash -€56,090
down €56,090 (-38.8%), from €144,565 to €88,475
mainly Current investments (-€94,000) and Other debts (-€47,545)
- Receivables within one year -€4,012
down €4,012 (-4.9%), from €81,695 to €77,683
of which Other amounts receivable: -€14,763
- Reserves +€80,295
up €80,295 (+89.6%), from €89,599 to €169,894
- Other debts -€47,545
down €47,545 (-34.3%), from €138,616 to €91,071
- Gross operating margin -€11,187
down €11,187 (-9.8%), from €114,409 to €103,222
- Taxes -€1,943
down €1,943 (-8.1%), from €24,133 to €22,189
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 | €257,026 | €290,276 | +€33,250 | +12.9% |
| Fixed assets | 21/28 | €2,765 | €2,117 | -€648 | -23.4% |
| Tangible fixed assets | 22/27 | €2,765 | €2,117 | -€648 | -23.4% |
| Plant, machinery and equipment | 23 | €2,765 | €2,117 | -€648 | -23.4% |
| Current assets | 29/58 | €254,261 | €288,159 | +€33,898 | +13.3% |
| Amounts receivable after more than one year | 29 | €28,000 | €28,000 | = | 0.0% |
| Other amounts receivable | 291 | €28,000 | €28,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €81,695 | €77,683 | -€4,012 | -4.9% |
| Trade receivables | 40 | €44,579 | €55,330 | +€10,751 | +24.1% |
| Other amounts receivable | 41 | €37,117 | €22,353 | -€14,763 | -39.8% |
| Current investments | 50/53 | - | €94,000 | +€94,000 | |
| Cash at bank and in hand | 54/58 | €144,565 | €88,475 | -€56,090 | -38.8% |
| Total equity and liabilities | 10/49 | €257,026 | €290,276 | +€33,250 | +12.9% |
| Equity | 10/15 | €108,149 | €188,444 | +€80,295 | +74.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €89,599 | €169,894 | +€80,295 | +89.6% |
| Distributable reserves | 133 | €89,599 | €169,894 | +€80,295 | +89.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €148,877 | €101,832 | -€47,044 | -31.6% |
| Amounts payable within one year | 42/48 | €148,877 | €101,832 | -€47,044 | -31.6% |
| Trade debts | 44 | €1,988 | €1,299 | -€689 | -34.6% |
| Suppliers | 440/4 | €1,988 | €1,299 | -€689 | -34.6% |
| Taxes, remuneration and social security | 45 | €8,273 | €9,462 | +€1,189 | +14.4% |
| Taxes | 450/3 | €8,273 | €9,462 | +€1,189 | +14.4% |
| Other amounts payable | 47/48 | €138,616 | €91,071 | -€47,545 | -34.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €864 | €648 | -€216 | -25.0% |
| Other operating charges | 640/8 | €743 | €815 | +€72 | +9.7% |
| Gross operating margin | 9900 | €114,409 | €103,222 | -€11,187 | -9.8% |
| Operating profit (loss) | 9901 | €112,803 | €101,759 | -€11,044 | -9.8% |
| Financial income | 75/76B | €1,003 | €885 | -€118 | -11.7% |
| Recurring financial income | 75 | €1,003 | €885 | -€118 | -11.7% |
| Financial charges | 65/66B | €74 | €160 | +€86 | +117% |
| Recurring financial charges | 65 | €74 | €160 | +€86 | +117% |
| Profit (loss) for the period before taxes | 9903 | €113,732 | €102,484 | -€11,247 | -9.9% |
| Income taxes | 67/77 | €24,133 | €22,189 | -€1,943 | -8.1% |
| Profit (loss) for the period | 9904 | €89,599 | €80,295 | -€9,304 | -10.4% |
| Profit (loss) for the period to be appropriated | 9905 | €89,599 | €80,295 | -€9,304 | -10.4% |
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 23 October 2026 via checked.be.