ANNA GEMS: 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 GEMS
Largest movements
- Stocks and contracts -€470,204
no longer reported in 2025 (was €470,204)
- Receivables within one year +€334,114
up €334,114 (+650%), from €51,366 to €385,480
of which Trade receivables: +€334,209
- Cash +€6,858
up €6,858 (+16.8%), from €40,708 to €47,566
mainly Stocks and contracts (+€470,204) and Other debts (+€6,491)
- Trade debts -€68,494
down €68,494 (-87.4%), from €78,340 to €9,846
- Profit (loss) carried forward -€35,828
down €35,828 (-13.3%), from -€269,160 to -€304,987
- Debts after one year -€33,450
down €33,450 (-11.6%), from €288,780 to €255,330
- Other debts +€6,491
up €6,491 (+1.5%), from €443,819 to €450,310
- Write-downs -€210,725
no longer reported in 2025 (was €210,725)
- Financial charges -€11,432
down €11,432 (-89.7%), from €12,739 to €1,306
- Gross operating margin +€11,292
up €11,292 (+399%), from €2,830 to €14,122
- Taxes +€1,158
up €1,158 (+15.3%), from €7,556 to €8,714
- Other operating charges -€533
down €533 (-24.8%), from €2,147 to €1,615
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 | €578,290 | €448,010 | -€130,281 | -22.5% |
| Fixed assets | 21/28 | €15,095 | €13,570 | -€1,525 | -10.1% |
| Tangible fixed assets | 22/27 | €14,668 | €13,143 | -€1,525 | -10.4% |
| Land and buildings | 22 | €12,388 | €12,077 | -€311 | -2.5% |
| Plant, machinery and equipment | 23 | €2,281 | €1,066 | -€1,214 | -53.3% |
| Financial fixed assets | 28 | €427 | €427 | = | 0.0% |
| Current assets | 29/58 | €563,195 | €434,440 | -€128,755 | -22.9% |
| Stocks and contracts in progress | 3 | €470,204 | - | -€470,204 | |
| Stocks | 30/36 | €470,204 | - | -€470,204 | |
| Amounts receivable within one year | 40/41 | €51,366 | €385,480 | +€334,114 | +650% |
| Trade receivables | 40 | €50,801 | €385,010 | +€334,209 | +658% |
| Other amounts receivable | 41 | €565 | €470 | -€95 | -16.8% |
| Cash at bank and in hand | 54/58 | €40,708 | €47,566 | +€6,858 | +16.8% |
| Deferred charges and accrued income | 490/1 | €917 | €1,394 | +€476 | +51.9% |
| Total equity and liabilities | 10/49 | €578,290 | €448,010 | -€130,281 | -22.5% |
| Equity | 10/15 | -€240,148 | -€275,976 | -€35,828 | -14.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €10,419 | €10,419 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €8,560 | €8,560 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€269,160 | -€304,987 | -€35,828 | -13.3% |
| Amounts payable | 17/49 | €818,439 | €723,986 | -€94,453 | -11.5% |
| Amounts payable after more than one year | 17 | €288,780 | €255,330 | -€33,450 | -11.6% |
| Financial debts | 170/4 | €288,780 | €255,330 | -€33,450 | -11.6% |
| Amounts payable within one year | 42/48 | €529,659 | €468,656 | -€61,003 | -11.5% |
| Trade debts | 44 | €78,340 | €9,846 | -€68,494 | -87.4% |
| Suppliers | 440/4 | €78,340 | €9,846 | -€68,494 | -87.4% |
| Taxes, remuneration and social security | 45 | €7,500 | €8,500 | +€1,000 | +13.3% |
| Taxes | 450/3 | €7,500 | €8,500 | +€1,000 | +13.3% |
| Other amounts payable | 47/48 | €443,819 | €450,310 | +€6,491 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,489 | €1,525 | +€36 | +2.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €210,725 | - | -€210,725 | |
| Other operating charges | 640/8 | €2,147 | €1,615 | -€533 | -24.8% |
| Non-recurring operating charges | 66A | - | €36,931 | +€36,931 | |
| Gross operating margin | 9900 | €2,830 | €14,122 | +€11,292 | +399% |
| Operating profit (loss) | 9901 | -€211,532 | -€25,948 | +€185,584 | +87.7% |
| Financial income | 75/76B | €176 | €141 | -€35 | -19.9% |
| Recurring financial income | 75 | €176 | €141 | -€35 | -19.9% |
| Financial charges | 65/66B | €12,739 | €1,306 | -€11,432 | -89.7% |
| Recurring financial charges | 65 | €12,739 | €1,306 | -€11,432 | -89.7% |
| Profit (loss) for the period before taxes | 9903 | -€224,094 | -€27,114 | +€196,981 | +87.9% |
| Income taxes | 67/77 | €7,556 | €8,714 | +€1,158 | +15.3% |
| Profit (loss) for the period | 9904 | -€231,651 | -€35,828 | +€195,823 | +84.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€231,651 | -€35,828 | +€195,823 | +84.5% |
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 15 October 2026 via checked.be.