Anna F: 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 F
Largest movements
- Tangible fixed assets +€52,779
up €52,779 (+348%), from €15,188 to €67,968
- Receivables within one year +€6,707
up €6,707 (+362%), from €1,855 to €8,561
of which Other amounts receivable: +€7,134
- Cash +€1,993
up €1,993 (+4.6%), from €43,672 to €45,665
mainly Debts after one year (+€40,958) and Depreciation (+€11,764)
- Debts after one year +€40,958
new in 2025: €40,958
- Current portion of long-term debt +€8,005
up €8,005 (+133%), from €6,012 to €14,017
- Trade debts +€7,427
up €7,427 (+208%), from €3,570 to €10,997
- Other debts -€6,596
no longer reported in 2025 (was €6,596)
- Reserves +€6,517
up €6,517 (+31.6%), from €20,611 to €27,128
- Gross operating margin -€13,786
down €13,786 (-37.5%), from €36,726 to €22,941
- Depreciation +€3,678
up €3,678 (+45.5%), from €8,086 to €11,764
- Taxes -€3,453
down €3,453 (-52.5%), from €6,573 to €3,120
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 | €61,644 | €122,245 | +€60,602 | +98.3% |
| Fixed assets | 21/28 | €15,188 | €67,968 | +€52,779 | +348% |
| Tangible fixed assets | 22/27 | €15,188 | €67,968 | +€52,779 | +348% |
| Furniture and vehicles | 24 | €15,188 | €67,968 | +€52,779 | +348% |
| Current assets | 29/58 | €46,455 | €54,278 | +€7,822 | +16.8% |
| Amounts receivable within one year | 40/41 | €1,855 | €8,561 | +€6,707 | +362% |
| Trade receivables | 40 | €428 | - | -€428 | |
| Other amounts receivable | 41 | €1,427 | €8,561 | +€7,134 | +500% |
| Cash at bank and in hand | 54/58 | €43,672 | €45,665 | +€1,993 | +4.6% |
| Deferred charges and accrued income | 490/1 | €929 | €51 | -€877 | -94.5% |
| Total equity and liabilities | 10/49 | €61,644 | €122,245 | +€60,602 | +98.3% |
| Equity | 10/15 | €39,211 | €45,728 | +€6,517 | +16.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €20,611 | €27,128 | +€6,517 | +31.6% |
| Distributable reserves | 133 | €20,611 | €27,128 | +€6,517 | +31.6% |
| Amounts payable | 17/49 | €22,433 | €76,517 | +€54,085 | +241% |
| Amounts payable after more than one year | 17 | - | €40,958 | +€40,958 | |
| Financial debts | 170/4 | - | €40,958 | +€40,958 | |
| Amounts payable within one year | 42/48 | €22,433 | €35,559 | +€13,127 | +58.5% |
| Current portion of amounts payable after more than one year | 42 | €6,012 | €14,017 | +€8,005 | +133% |
| Financial debts | 43 | €2,752 | €2,747 | -€5 | -0.2% |
| Credit institutions | 430/8 | €2,752 | €2,747 | -€5 | -0.2% |
| Trade debts | 44 | €3,570 | €10,997 | +€7,427 | +208% |
| Suppliers | 440/4 | €3,570 | €10,997 | +€7,427 | +208% |
| Taxes, remuneration and social security | 45 | €3,502 | €7,798 | +€4,297 | +123% |
| Taxes | 450/3 | €3,502 | €7,798 | +€4,297 | +123% |
| Other amounts payable | 47/48 | €6,596 | - | -€6,596 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,086 | €11,764 | +€3,678 | +45.5% |
| Other operating charges | 640/8 | €537 | €536 | -€1 | -0.2% |
| Gross operating margin | 9900 | €36,726 | €22,941 | -€13,786 | -37.5% |
| Operating profit (loss) | 9901 | €28,104 | €10,641 | -€17,462 | -62.1% |
| Financial income | 75/76B | - | €160 | +€160 | |
| Recurring financial income | 75 | - | €160 | +€160 | |
| Financial charges | 65/66B | €920 | €1,164 | +€245 | +26.6% |
| Recurring financial charges | 65 | €920 | €1,164 | +€245 | +26.6% |
| Profit (loss) for the period before taxes | 9903 | €27,184 | €9,637 | -€17,547 | -64.6% |
| Income taxes | 67/77 | €6,573 | €3,120 | -€3,453 | -52.5% |
| Profit (loss) for the period | 9904 | €20,611 | €6,517 | -€14,094 | -68.4% |
| Profit (loss) for the period to be appropriated | 9905 | €20,611 | €6,517 | -€14,094 | -68.4% |
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 14 October 2026 via checked.be.