ANN GREGOOR: 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 GREGOOR
Largest movements
- Receivables within one year -€11,611
down €11,611 (-90.7%), from €12,804 to €1,193
of which Trade receivables: -€11,473
- Tangible fixed assets -€10,933
down €10,933 (-15.2%), from €71,943 to €61,010
of which Furniture and vehicles: -€10,176
- Cash +€1,129
up €1,129 (+15.1%), from €7,469 to €8,598
mainly Other debts (+€23,269) and Receivables within one year (+€11,611)
- Profit (loss) carried forward -€25,646
new in 2025: -€25,646
- Other debts +€23,269
up €23,269 (+176%), from €13,228 to €36,497
- Debts after one year -€15,439
down €15,439 (-32.6%), from €47,407 to €31,968
- Tax, wage and social debts -€3,592
down €3,592 (-45.7%), from €7,853 to €4,261
- Gross operating margin -€31,984
down €31,984, from €23,303 to -€8,682
- Taxes -€3,204
down €3,204 (-89.3%), from €3,588 to €384
- Depreciation +€2,102
up €2,102 (+23.8%), from €8,830 to €10,933
- Financial charges +€592
up €592 (+37.3%), from €1,588 to €2,180
- Staff costs +€416
up €416 (+21.7%), from €1,920 to €2,336
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 | €93,643 | €73,146 | -€20,498 | -21.9% |
| Fixed assets | 21/28 | €71,943 | €61,471 | -€10,471 | -14.6% |
| Tangible fixed assets | 22/27 | €71,943 | €61,010 | -€10,933 | -15.2% |
| Land and buildings | 22 | €7,010 | €6,252 | -€757 | -10.8% |
| Furniture and vehicles | 24 | €64,933 | €54,758 | -€10,176 | -15.7% |
| Financial fixed assets | 28 | - | €461 | +€461 | |
| Current assets | 29/58 | €21,701 | €11,674 | -€10,026 | -46.2% |
| Amounts receivable within one year | 40/41 | €12,804 | €1,193 | -€11,611 | -90.7% |
| Trade receivables | 40 | €12,666 | €1,193 | -€11,473 | -90.6% |
| Other amounts receivable | 41 | €138 | €0 | -€138 | -100% |
| Cash at bank and in hand | 54/58 | €7,469 | €8,598 | +€1,129 | +15.1% |
| Deferred charges and accrued income | 490/1 | €1,428 | €1,883 | +€456 | +31.9% |
| Total equity and liabilities | 10/49 | €93,643 | €73,146 | -€20,498 | -21.9% |
| Equity | 10/15 | €8,597 | -€17,048 | -€25,646 | |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €8,596 | €8,596 | = | 0.0% |
| Distributable reserves | 133 | €8,596 | €8,596 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€25,646 | -€25,646 | |
| Amounts payable | 17/49 | €85,046 | €90,194 | +€5,148 | +6.1% |
| Amounts payable after more than one year | 17 | €47,407 | €31,968 | -€15,439 | -32.6% |
| Financial debts | 170/4 | €47,407 | €31,968 | -€15,439 | -32.6% |
| Amounts payable within one year | 42/48 | €37,639 | €58,226 | +€20,587 | +54.7% |
| Current portion of amounts payable after more than one year | 42 | €14,883 | €15,439 | +€556 | +3.7% |
| Trade debts | 44 | €1,674 | €2,029 | +€354 | +21.2% |
| Suppliers | 440/4 | €1,674 | €2,029 | +€354 | +21.2% |
| Taxes, remuneration and social security | 45 | €7,853 | €4,261 | -€3,592 | -45.7% |
| Taxes | 450/3 | €7,853 | €4,261 | -€3,592 | -45.7% |
| Other amounts payable | 47/48 | €13,228 | €36,497 | +€23,269 | +176% |
| Remuneration, social security and pensions | 62 | €1,920 | €2,336 | +€416 | +21.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,830 | €10,933 | +€2,102 | +23.8% |
| Other operating charges | 640/8 | €913 | €1,140 | +€227 | +24.9% |
| Gross operating margin | 9900 | €23,303 | -€8,682 | -€31,984 | |
| Operating profit (loss) | 9901 | €11,639 | -€23,090 | -€34,730 | |
| Financial income | 75/76B | €1 | €8 | +€8 | +969% |
| Recurring financial income | 75 | €1 | €8 | +€8 | +969% |
| Financial charges | 65/66B | €1,588 | €2,180 | +€592 | +37.3% |
| Recurring financial charges | 65 | €1,588 | €2,180 | +€592 | +37.3% |
| Profit (loss) for the period before taxes | 9903 | €10,052 | -€25,262 | -€35,314 | |
| Income taxes | 67/77 | €3,588 | €384 | -€3,204 | -89.3% |
| Profit (loss) for the period | 9904 | €6,465 | -€25,646 | -€32,110 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,465 | -€25,646 | -€32,110 |
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 28 October 2026 via checked.be.