ANN-JO: 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-JO
Largest movements
- Cash +€52,864
up €52,864 (+1163.5%), from €4,544 to €57,407
mainly Net result for the year (+€24,355) and Receivables within one year (+€22,327)
- Receivables within one year -€22,327
down €22,327 (-59.2%), from €37,700 to €15,373
of which Trade receivables: -€29,236
- Tangible fixed assets +€4,490
new in 2025: €4,490
of which Plant, machinery and equipment: +€3,196
- Deferred charges and accrued income +€2,026
new in 2025: €2,026
- Reserves +€24,355
up €24,355 (+131.8%), from €18,477 to €42,832
- Current portion of long-term debt +€10,000
new in 2025: €10,000
- Advances received +€4,247
new in 2025: €4,247
- Trade debts -€2,383
down €2,383 (-20.4%), from €11,677 to €9,294
- Tax, wage and social debts +€833
up €833 (+8.3%), from €10,091 to €10,924
- Gross operating margin +€18,564
up €18,564 (+91.1%), from €20,375 to €38,939
- Taxes +€7,744
up €7,744 (+133.9%), from €5,783 to €13,527
- Depreciation +€576
new in 2025: €576
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.
Cash bridge derived
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 | €42,244 | €79,297 | +€37,053 | +87.7% |
| Fixed assets | 21/28 | - | €4,490 | +€4,490 | |
| Tangible fixed assets | 22/27 | - | €4,490 | +€4,490 | |
| Plant, machinery and equipment | 23 | - | €3,196 | +€3,196 | |
| Furniture and vehicles | 24 | - | €1,294 | +€1,294 | |
| Current assets | 29/58 | €42,244 | €74,807 | +€32,563 | +77.1% |
| Amounts receivable within one year | 40/41 | €37,700 | €15,373 | -€22,327 | -59.2% |
| Trade receivables | 40 | €32,902 | €3,666 | -€29,236 | -88.9% |
| Other amounts receivable | 41 | €4,798 | €11,707 | +€6,909 | +144.0% |
| Cash at bank and in hand | 54/58 | €4,544 | €57,407 | +€52,864 | +1163.5% |
| Deferred charges and accrued income | 490/1 | - | €2,026 | +€2,026 | |
| Total equity and liabilities | 10/49 | €42,244 | €79,297 | +€37,053 | +87.7% |
| Equity | 10/15 | €20,477 | €44,832 | +€24,355 | +118.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €18,477 | €42,832 | +€24,355 | +131.8% |
| Distributable reserves | 133 | €18,477 | €42,832 | +€24,355 | +131.8% |
| Amounts payable | 17/49 | €21,767 | €34,465 | +€12,698 | +58.3% |
| Amounts payable within one year | 42/48 | €21,767 | €34,465 | +€12,698 | +58.3% |
| Current portion of amounts payable after more than one year | 42 | - | €10,000 | +€10,000 | |
| Trade debts | 44 | €11,677 | €9,294 | -€2,383 | -20.4% |
| Suppliers | 440/4 | €11,677 | €9,294 | -€2,383 | -20.4% |
| Advances received on contracts in progress | 46 | - | €4,247 | +€4,247 | |
| Taxes, remuneration and social security | 45 | €10,091 | €10,924 | +€833 | +8.3% |
| Taxes | 450/3 | €10,091 | €10,924 | +€833 | +8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €576 | +€576 | |
| Other operating charges | 640/8 | €505 | €717 | +€212 | +41.9% |
| Gross operating margin | 9900 | €20,375 | €38,939 | +€18,564 | +91.1% |
| Operating profit (loss) | 9901 | €19,869 | €37,646 | +€17,777 | +89.5% |
| Financial income | 75/76B | €414 | €533 | +€119 | +28.6% |
| Recurring financial income | 75 | €414 | €533 | +€119 | +28.6% |
| Financial charges | 65/66B | €325 | €297 | -€28 | -8.7% |
| Recurring financial charges | 65 | €325 | €297 | -€28 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | €19,959 | €37,882 | +€17,924 | +89.8% |
| Income taxes | 67/77 | €5,783 | €13,527 | +€7,744 | +133.9% |
| Profit (loss) for the period | 9904 | €14,175 | €24,355 | +€10,180 | +71.8% |
| Profit (loss) for the period to be appropriated | 9905 | €14,175 | €24,355 | +€10,180 | +71.8% |
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 10 October 2026 via checked.be.