Anna Cooreman: 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.
Anna Cooreman
Largest movements
- Cash -€46,518
down €46,518 (-50.0%), from €93,099 to €46,581
mainly Contributions, distributions and other (-€115,993) and Receivables within one year (-€17,595)
- Receivables within one year +€17,595
up €17,595 (+341%), from €5,167 to €22,763
of which Trade receivables: +€9,776
- Deferred charges and accrued income -€3,000
no longer reported in 2025 (was €3,000)
- Reserves -€80,264
down €80,264 (-97.9%), from €81,993 to €1,729
- Other debts +€45,565
up €45,565 (+3,669%), from €1,242 to €46,807
- Trade debts +€9,047
up €9,047 (+627%), from €1,442 to €10,489
- Tax, wage and social debts -€6,551
down €6,551 (-39.4%), from €16,627 to €10,075
of which Taxes: -€10,648
- Taxes +€2,899
up €2,899 (+42.7%), from €6,782 to €9,680
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 | €102,304 | €70,100 | -€32,204 | -31.5% |
| Fixed assets | 21/28 | €1,038 | €756 | -€281 | -27.1% |
| Tangible fixed assets | 22/27 | €1,038 | €756 | -€281 | -27.1% |
| Furniture and vehicles | 24 | €1,038 | €756 | -€281 | -27.1% |
| Current assets | 29/58 | €101,267 | €69,344 | -€31,923 | -31.5% |
| Amounts receivable within one year | 40/41 | €5,167 | €22,763 | +€17,595 | +341% |
| Trade receivables | 40 | - | €9,776 | +€9,776 | |
| Other amounts receivable | 41 | €5,167 | €12,987 | +€7,820 | +151% |
| Cash at bank and in hand | 54/58 | €93,099 | €46,581 | -€46,518 | -50.0% |
| Deferred charges and accrued income | 490/1 | €3,000 | - | -€3,000 | |
| Total equity and liabilities | 10/49 | €102,304 | €70,100 | -€32,204 | -31.5% |
| Equity | 10/15 | €82,993 | €2,729 | -€80,264 | -96.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €81,993 | €1,729 | -€80,264 | -97.9% |
| Distributable reserves | 133 | €81,993 | €1,729 | -€80,264 | -97.9% |
| Amounts payable | 17/49 | €19,311 | €67,371 | +€48,061 | +249% |
| Amounts payable within one year | 42/48 | €19,311 | €67,371 | +€48,061 | +249% |
| Trade debts | 44 | €1,442 | €10,489 | +€9,047 | +627% |
| Suppliers | 440/4 | €1,442 | €10,489 | +€9,047 | +627% |
| Taxes, remuneration and social security | 45 | €16,627 | €10,075 | -€6,551 | -39.4% |
| Taxes | 450/3 | €16,627 | €5,978 | -€10,648 | -64.0% |
| Remuneration and social security | 454/9 | - | €4,097 | +€4,097 | |
| Other amounts payable | 47/48 | €1,242 | €46,807 | +€45,565 | +3,669% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €281 | €281 | = | 0.0% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €46,157 | €45,862 | -€296 | -0.6% |
| Operating profit (loss) | 9901 | €45,758 | €45,460 | -€298 | -0.7% |
| Financial income | 75/76B | €4 | €0 | -€4 | -93.0% |
| Recurring financial income | 75 | €4 | €0 | -€4 | -93.0% |
| Financial charges | 65/66B | €72 | €51 | -€21 | -29.2% |
| Recurring financial charges | 65 | €72 | €51 | -€21 | -29.2% |
| Profit (loss) for the period before taxes | 9903 | €45,690 | €45,409 | -€280 | -0.6% |
| Income taxes | 67/77 | €6,782 | €9,680 | +€2,899 | +42.7% |
| Profit (loss) for the period | 9904 | €38,908 | €35,729 | -€3,179 | -8.2% |
| Profit (loss) for the period to be appropriated | 9905 | €38,908 | €35,729 | -€3,179 | -8.2% |
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 16 October 2026 via checked.be.