ANN&LEON: 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&LEON
Largest movements
- Cash +€23,088
up €23,088 (+29.1%), from €79,387 to €102,475
mainly Net result for the year (+€20,472) and Depreciation (+€5,110)
- Reserves +€20,472
up €20,472 (+4.4%), from €468,766 to €489,238
of which Distributable reserves: +€20,472
- Financial income -€46,504
down €46,504 (-91.9%), from €50,629 to €4,125
- Taxes -€4,346
down €4,346 (-27.3%), from €15,909 to €11,563
- Other operating charges +€815
up €815 (+36.1%), from €2,259 to €3,074
- Gross operating margin +€768
up €768 (+2.2%), from €35,439 to €36,207
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 | €495,031 | €511,294 | +€16,263 | +3.3% |
| Fixed assets | 21/28 | €74,884 | €69,774 | -€5,110 | -6.8% |
| Tangible fixed assets | 22/27 | €74,884 | €69,774 | -€5,110 | -6.8% |
| Land and buildings | 22 | €74,884 | €69,774 | -€5,110 | -6.8% |
| Current assets | 29/58 | €420,146 | €441,520 | +€21,374 | +5.1% |
| Amounts receivable within one year | 40/41 | €10,358 | €5,760 | -€4,597 | -44.4% |
| Other amounts receivable | 41 | €10,358 | €5,760 | -€4,597 | -44.4% |
| Current investments | 50/53 | €330,031 | €332,812 | +€2,780 | +0.8% |
| Cash at bank and in hand | 54/58 | €79,387 | €102,475 | +€23,088 | +29.1% |
| Deferred charges and accrued income | 490/1 | €370 | €473 | +€103 | +27.7% |
| Total equity and liabilities | 10/49 | €495,031 | €511,294 | +€16,263 | +3.3% |
| Equity | 10/15 | €475,016 | €495,488 | +€20,472 | +4.3% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €468,766 | €489,238 | +€20,472 | +4.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €466,906 | €487,378 | +€20,472 | +4.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €20,015 | €15,806 | -€4,209 | -21.0% |
| Amounts payable within one year | 42/48 | €19,550 | €15,596 | -€3,954 | -20.2% |
| Financial debts | 43 | €29 | €24 | -€4 | -15.4% |
| Credit institutions | 430/8 | €29 | €24 | -€4 | -15.4% |
| Trade debts | 44 | €2,357 | €2,268 | -€89 | -3.8% |
| Suppliers | 440/4 | €2,357 | €2,268 | -€89 | -3.8% |
| Taxes, remuneration and social security | 45 | €17,165 | €13,304 | -€3,860 | -22.5% |
| Taxes | 450/3 | €17,165 | €13,304 | -€3,860 | -22.5% |
| Accrued charges and deferred income | 492/3 | €465 | €209 | -€255 | -54.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,110 | €5,110 | = | 0.0% |
| Other operating charges | 640/8 | €2,259 | €3,074 | +€815 | +36.1% |
| Gross operating margin | 9900 | €35,439 | €36,207 | +€768 | +2.2% |
| Operating profit (loss) | 9901 | €28,070 | €28,023 | -€48 | -0.2% |
| Financial income | 75/76B | €50,629 | €4,125 | -€46,504 | -91.9% |
| Recurring financial income | 75 | €50,629 | €4,125 | -€46,504 | -91.9% |
| Financial charges | 65/66B | €65 | €112 | +€47 | +72.3% |
| Recurring financial charges | 65 | €65 | €112 | +€47 | +72.3% |
| Profit (loss) for the period before taxes | 9903 | €78,634 | €32,036 | -€46,598 | -59.3% |
| Income taxes | 67/77 | €15,909 | €11,563 | -€4,346 | -27.3% |
| Profit (loss) for the period | 9904 | €62,724 | €20,472 | -€42,252 | -67.4% |
| Profit (loss) for the period to be appropriated | 9905 | €62,724 | €20,472 | -€42,252 | -67.4% |
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 13 October 2026 via checked.be.