ANN DIELS: 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 DIELS
Largest movements
- Receivables within one year +€7,747
up €7,747 (+90.0%), from €8,605 to €16,352
- Cash +€3,500
up €3,500 (+33.9%), from €10,320 to €13,820
mainly Net result for the year (+€12,955) and Depreciation (+€12,687)
- Reserves +€10,724
up €10,724 (+29.6%), from €36,173 to €46,896
- Debts after one year -€3,708
down €3,708 (-11.7%), from €31,728 to €28,020
- Other debts +€2,231
new in 2025: €2,231
- Tax, wage and social debts +€1,727
up €1,727 (+17.7%), from €9,749 to €11,476
of which Taxes: +€3,727
- Gross operating margin +€15,852
up €15,852 (+70.9%), from €22,363 to €38,214
- Taxes +€3,392
up €3,392 (+83.9%), from €4,042 to €7,434
- Depreciation +€1,681
up €1,681 (+15.3%), from €11,006 to €12,687
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 | €107,558 | €119,796 | +€12,238 | +11.4% |
| Fixed assets | 21/28 | €87,471 | €88,199 | +€728 | +0.8% |
| Tangible fixed assets | 22/27 | €87,471 | €88,199 | +€728 | +0.8% |
| Land and buildings | 22 | €83,442 | €75,887 | -€7,555 | -9.1% |
| Plant, machinery and equipment | 23 | €4,028 | €3,626 | -€402 | -10.0% |
| Furniture and vehicles | 24 | - | €8,686 | +€8,686 | |
| Current assets | 29/58 | €20,087 | €31,597 | +€11,510 | +57.3% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €8,605 | €16,352 | +€7,747 | +90.0% |
| Other amounts receivable | 41 | €8,605 | €16,352 | +€7,747 | +90.0% |
| Cash at bank and in hand | 54/58 | €10,320 | €13,820 | +€3,500 | +33.9% |
| Deferred charges and accrued income | 490/1 | €1,162 | €1,425 | +€263 | +22.6% |
| Total equity and liabilities | 10/49 | €107,558 | €119,796 | +€12,238 | +11.4% |
| Equity | 10/15 | €54,765 | €65,488 | +€10,724 | +19.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €36,173 | €46,896 | +€10,724 | +29.6% |
| Distributable reserves | 133 | €36,173 | €46,896 | +€10,724 | +29.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €52,793 | €54,307 | +€1,514 | +2.9% |
| Amounts payable after more than one year | 17 | €31,728 | €28,020 | -€3,708 | -11.7% |
| Financial debts | 170/4 | €31,728 | €28,020 | -€3,708 | -11.7% |
| Amounts payable within one year | 42/48 | €21,065 | €26,288 | +€5,223 | +24.8% |
| Current portion of amounts payable after more than one year | 42 | €3,537 | €3,708 | +€171 | +4.8% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €7,779 | €8,872 | +€1,094 | +14.1% |
| Suppliers | 440/4 | €7,779 | €8,872 | +€1,094 | +14.1% |
| Taxes, remuneration and social security | 45 | €9,749 | €11,476 | +€1,727 | +17.7% |
| Taxes | 450/3 | €7,749 | €11,476 | +€3,727 | +48.1% |
| Remuneration and social security | 454/9 | €2,000 | €0 | -€2,000 | -100% |
| Other amounts payable | 47/48 | - | €2,231 | +€2,231 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,006 | €12,687 | +€1,681 | +15.3% |
| Other operating charges | 640/8 | €3,200 | €3,355 | +€155 | +4.9% |
| Gross operating margin | 9900 | €22,363 | €38,214 | +€15,852 | +70.9% |
| Operating profit (loss) | 9901 | €8,157 | €22,172 | +€14,016 | +172% |
| Financial income | 75/76B | €363 | €678 | +€315 | +86.7% |
| Recurring financial income | 75 | €363 | €678 | +€315 | +86.7% |
| Financial charges | 65/66B | €2,623 | €2,462 | -€161 | -6.1% |
| Recurring financial charges | 65 | €2,623 | €2,462 | -€161 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | €5,897 | €20,389 | +€14,492 | +246% |
| Income taxes | 67/77 | €4,042 | €7,434 | +€3,392 | +83.9% |
| Profit (loss) for the period | 9904 | €1,855 | €12,955 | +€11,100 | +598% |
| Profit (loss) for the period to be appropriated | 9905 | €1,855 | €12,955 | +€11,100 | +598% |
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 18 October 2026 via checked.be.