ANN HERREGODTS: 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 HERREGODTS
Largest movements
- Cash +€25,914
up €25,914 (+17.2%), from €150,952 to €176,866
mainly Debts after one year (+€28,000) and Depreciation (+€18,496)
- Tangible fixed assets -€16,289
down €16,289 (-24.5%), from €66,590 to €50,301
of which Furniture and vehicles: -€12,570
- Current investments +€10,581
up €10,581 (+39.0%), from €27,113 to €37,694
- Receivables within one year +€4,096
up €4,096 (+17.8%), from €23,054 to €27,150
of which Other amounts receivable: +€2,705
- Debts after one year +€28,000
up €28,000 (+28.3%), from €99,000 to €127,000
- Other debts -€21,060
down €21,060 (-70.7%), from €29,782 to €8,722
- Reserves +€16,382
up €16,382 (+12.5%), from €131,180 to €147,562
- Gross operating margin -€21,391
down €21,391 (-29.5%), from €72,609 to €51,218
- Taxes -€7,837
down €7,837 (-49.8%), from €15,739 to €7,901
- Depreciation +€2,542
up €2,542 (+15.9%), from €15,954 to €18,496
- Financial income +€768
up €768 (+59.7%), from €1,287 to €2,056
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 | €268,491 | €293,135 | +€24,644 | +9.2% |
| Fixed assets | 21/28 | €66,590 | €50,301 | -€16,289 | -24.5% |
| Tangible fixed assets | 22/27 | €66,590 | €50,301 | -€16,289 | -24.5% |
| Plant, machinery and equipment | 23 | €6,085 | €5,761 | -€324 | -5.3% |
| Furniture and vehicles | 24 | €52,442 | €39,872 | -€12,570 | -24.0% |
| Other tangible fixed assets | 26 | €8,063 | €4,668 | -€3,395 | -42.1% |
| Current assets | 29/58 | €201,902 | €242,834 | +€40,932 | +20.3% |
| Amounts receivable within one year | 40/41 | €23,054 | €27,150 | +€4,096 | +17.8% |
| Trade receivables | 40 | €23,054 | €24,445 | +€1,390 | +6.0% |
| Other amounts receivable | 41 | - | €2,705 | +€2,705 | |
| Current investments | 50/53 | €27,113 | €37,694 | +€10,581 | +39.0% |
| Cash at bank and in hand | 54/58 | €150,952 | €176,866 | +€25,914 | +17.2% |
| Deferred charges and accrued income | 490/1 | €783 | €1,124 | +€341 | +43.5% |
| Total equity and liabilities | 10/49 | €268,491 | €293,135 | +€24,644 | +9.2% |
| Equity | 10/15 | €131,180 | €147,562 | +€16,382 | +12.5% |
| Reserves | 13 | €131,180 | €147,562 | +€16,382 | +12.5% |
| Distributable reserves | 133 | €131,180 | €147,562 | +€16,382 | +12.5% |
| Amounts payable | 17/49 | €137,312 | €145,573 | +€8,262 | +6.0% |
| Amounts payable after more than one year | 17 | €99,000 | €127,000 | +€28,000 | +28.3% |
| Other amounts payable | 178/9 | €99,000 | €127,000 | +€28,000 | +28.3% |
| Amounts payable within one year | 42/48 | €35,930 | €15,876 | -€20,054 | -55.8% |
| Trade debts | 44 | - | €318 | +€318 | |
| Suppliers | 440/4 | - | €318 | +€318 | |
| Taxes, remuneration and social security | 45 | €6,147 | €6,836 | +€689 | +11.2% |
| Taxes | 450/3 | €1,854 | €1,854 | = | 0.0% |
| Remuneration and social security | 454/9 | €4,294 | €4,982 | +€689 | +16.0% |
| Other amounts payable | 47/48 | €29,782 | €8,722 | -€21,060 | -70.7% |
| Accrued charges and deferred income | 492/3 | €2,382 | €2,697 | +€316 | +13.2% |
| Non-recurring operating income | 76A | €13,600 | - | -€13,600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,954 | €18,496 | +€2,542 | +15.9% |
| Other operating charges | 640/8 | €757 | €763 | +€5 | +0.7% |
| Gross operating margin | 9900 | €72,609 | €51,218 | -€21,391 | -29.5% |
| Operating profit (loss) | 9901 | €55,898 | €31,959 | -€23,938 | -42.8% |
| Financial income | 75/76B | €1,287 | €2,056 | +€768 | +59.7% |
| Recurring financial income | 75 | €1,287 | €2,056 | +€768 | +59.7% |
| Financial charges | 65/66B | €8,803 | €8,899 | +€96 | +1.1% |
| Recurring financial charges | 65 | €8,803 | €8,899 | +€96 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | €48,382 | €25,116 | -€23,266 | -48.1% |
| Income taxes | 67/77 | €15,739 | €7,901 | -€7,837 | -49.8% |
| Profit (loss) for the period | 9904 | €32,643 | €17,215 | -€15,428 | -47.3% |
| Profit (loss) for the period to be appropriated | 9905 | €32,643 | €17,215 | -€15,428 | -47.3% |
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 31 October 2026 via checked.be.