ANNA: what changed
Two fiscal 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.
ANNA
Largest movements
- Receivables within one year +€67,454
up €67,454 (+14.2%), from €474,597 to €542,051
of which Other amounts receivable: +€67,444
- Tangible fixed assets +€15,913
up €15,913 (+119.9%), from €13,268 to €29,181
of which Plant, machinery and equipment: +€19,382
- Current investments +€15,460
up €15,460 (+3364.4%), from €460 to €15,919
- Cash -€10,269
down €10,269 (-20.3%), from €50,573 to €40,304
mainly Receivables within one year (-€67,454) and Investment in fixed assets (net) (-€21,061)
- Reserves +€100,000
up €100,000 (+50.5%), from €197,925 to €297,925
of which Distributable reserves: +€100,000
- Tax, wage and social debts -€11,275
down €11,275 (-22.1%), from €51,066 to €39,791
of which Taxes: -€9,065
- Trade debts -€8,324
down €8,324 (-95.8%), from €8,688 to €364
- Gross operating margin +€38,715
up €38,715 (+19.1%), from €202,531 to €241,246
- Taxes +€16,930
up €16,930 (+44.7%), from €37,847 to €54,777
- Staff costs -€11,212
down €11,212 (-11.7%), from €96,001 to €84,789
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 | €568,531 | €651,952 | +€83,420 | +14.7% |
| Fixed assets | 21/28 | €15,014 | €30,927 | +€15,913 | +106.0% |
| Tangible fixed assets | 22/27 | €13,268 | €29,181 | +€15,913 | +119.9% |
| Plant, machinery and equipment | 23 | €611 | €19,993 | +€19,382 | +3173.3% |
| Furniture and vehicles | 24 | €4,674 | €3,263 | -€1,411 | -30.2% |
| Other tangible fixed assets | 26 | €7,984 | €5,925 | -€2,058 | -25.8% |
| Financial fixed assets | 28 | €1,746 | €1,746 | = | 0.0% |
| Current assets | 29/58 | €553,517 | €621,024 | +€67,508 | +12.2% |
| Amounts receivable within one year | 40/41 | €474,597 | €542,051 | +€67,454 | +14.2% |
| Trade receivables | 40 | €0 | €10 | +€10 | |
| Other amounts receivable | 41 | €474,597 | €542,041 | +€67,444 | +14.2% |
| Current investments | 50/53 | €460 | €15,919 | +€15,460 | +3364.4% |
| Cash at bank and in hand | 54/58 | €50,573 | €40,304 | -€10,269 | -20.3% |
| Deferred charges and accrued income | 490/1 | €27,887 | €22,750 | -€5,137 | -18.4% |
| Total equity and liabilities | 10/49 | €568,531 | €651,952 | +€83,420 | +14.7% |
| Equity | 10/15 | €504,961 | €610,865 | +€105,905 | +21.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €197,925 | €297,925 | +€100,000 | +50.5% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €177,316 | €277,316 | +€100,000 | +56.4% |
| Profit (loss) carried forward | 14 | €288,444 | €294,348 | +€5,905 | +2.0% |
| Amounts payable | 17/49 | €63,570 | €41,086 | -€22,484 | -35.4% |
| Amounts payable within one year | 42/48 | €59,753 | €40,245 | -€19,508 | -32.6% |
| Financial debts | 43 | - | €91 | +€91 | |
| Credit institutions | 430/8 | - | €91 | +€91 | |
| Trade debts | 44 | €8,688 | €364 | -€8,324 | -95.8% |
| Suppliers | 440/4 | €8,688 | €364 | -€8,324 | -95.8% |
| Taxes, remuneration and social security | 45 | €51,066 | €39,791 | -€11,275 | -22.1% |
| Taxes | 450/3 | €40,273 | €31,208 | -€9,065 | -22.5% |
| Remuneration and social security | 454/9 | €10,792 | €8,582 | -€2,210 | -20.5% |
| Accrued charges and deferred income | 492/3 | €3,817 | €841 | -€2,976 | -78.0% |
| Non-recurring operating income | 76A | - | €136,615 | +€136,615 | |
| Remuneration, social security and pensions | 62 | €96,001 | €84,789 | -€11,212 | -11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,245 | €5,148 | +€903 | +21.3% |
| Other operating charges | 640/8 | €8,372 | €8,968 | +€597 | +7.1% |
| Non-recurring operating charges | 66A | €0 | €611 | +€611 | |
| Gross operating margin | 9900 | €202,531 | €241,246 | +€38,715 | +19.1% |
| Operating profit (loss) | 9901 | €93,914 | €141,730 | +€47,817 | +50.9% |
| Financial income | 75/76B | €21,964 | €22,750 | +€786 | +3.6% |
| Recurring financial income | 75 | €21,964 | €22,750 | +€786 | +3.6% |
| Financial charges | 65/66B | €2,267 | €3,799 | +€1,532 | +67.6% |
| Recurring financial charges | 65 | €2,267 | €3,799 | +€1,532 | +67.6% |
| Profit (loss) for the period before taxes | 9903 | €113,611 | €160,681 | +€47,070 | +41.4% |
| Income taxes | 67/77 | €37,847 | €54,777 | +€16,930 | +44.7% |
| Profit (loss) for the period | 9904 | €75,764 | €105,905 | +€30,141 | +39.8% |
| Profit (loss) for the period to be appropriated | 9905 | €75,764 | €105,905 | +€30,141 | +39.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.