ANNA & GRACE: 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 & GRACE
Largest movements
- Cash -€31,144
down €31,144 (-36.6%), from €85,197 to €54,054
mainly Investment in fixed assets (net) (-€52,539) and Trade debts (-€23,224)
- Tangible fixed assets +€31,034
up €31,034 (+285.9%), from €10,855 to €41,889
- Financial fixed assets +€14,025
new in 2025: €14,025
- Stocks and contracts -€4,863
down €4,863 (-2.6%), from €188,682 to €183,819
- Receivables within one year -€3,304
down €3,304 (-46.2%), from €7,149 to €3,844
of which Other amounts receivable: -€2,358
- Other debts +€37,001
up €37,001 (+284.6%), from €13,000 to €50,001
- Trade debts -€23,224
down €23,224 (-24.4%), from €95,185 to €71,961
- Accrued charges and deferred income -€10,000
down €10,000 (-100.0%), from €10,000 to €0
- Reserves +€6,432
up €6,432 (+5.4%), from €118,279 to €124,711
- Current portion of long-term debt -€4,282
down €4,282 (-100.0%), from €4,282 to €0
- Gross operating margin -€66,095
down €66,095 (-62.1%), from €106,378 to €40,284
- Write-downs -€24,533
down €24,533, from €22,292 to -€2,242
- Taxes -€8,388
down €8,388 (-81.7%), from €10,263 to €1,875
- Other operating charges +€2,121
up €2,121 (+240.0%), from €884 to €3,004
- Staff costs -€1,677
down €1,677 (-7.0%), from €23,851 to €22,174
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 | €292,151 | €297,960 | +€5,809 | +2.0% |
| Fixed assets | 21/28 | €10,855 | €55,914 | +€45,059 | +415.1% |
| Tangible fixed assets | 22/27 | €10,855 | €41,889 | +€31,034 | +285.9% |
| Plant, machinery and equipment | 23 | €10,855 | €41,889 | +€31,034 | +285.9% |
| Financial fixed assets | 28 | - | €14,025 | +€14,025 | |
| Current assets | 29/58 | €281,296 | €242,046 | -€39,250 | -14.0% |
| Stocks and contracts in progress | 3 | €188,682 | €183,819 | -€4,863 | -2.6% |
| Stocks | 30/36 | €188,682 | €183,819 | -€4,863 | -2.6% |
| Amounts receivable within one year | 40/41 | €7,149 | €3,844 | -€3,304 | -46.2% |
| Trade receivables | 40 | €4,124 | €3,178 | -€946 | -22.9% |
| Other amounts receivable | 41 | €3,025 | €666 | -€2,358 | -78.0% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €85,197 | €54,054 | -€31,144 | -36.6% |
| Deferred charges and accrued income | 490/1 | €268 | €329 | +€62 | +23.1% |
| Total equity and liabilities | 10/49 | €292,151 | €297,960 | +€5,809 | +2.0% |
| Equity | 10/15 | €136,879 | €143,311 | +€6,432 | +4.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €118,279 | €124,711 | +€6,432 | +5.4% |
| Distributable reserves | 133 | €118,279 | €124,711 | +€6,432 | +5.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €155,272 | €154,649 | -€623 | -0.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €145,272 | €154,649 | +€9,377 | +6.5% |
| Current portion of amounts payable after more than one year | 42 | €4,282 | €0 | -€4,282 | -100.0% |
| Trade debts | 44 | €95,185 | €71,961 | -€23,224 | -24.4% |
| Suppliers | 440/4 | €95,185 | €71,961 | -€23,224 | -24.4% |
| Taxes, remuneration and social security | 45 | €32,805 | €32,688 | -€117 | -0.4% |
| Taxes | 450/3 | €29,066 | €28,842 | -€224 | -0.8% |
| Remuneration and social security | 454/9 | €3,738 | €3,846 | +€107 | +2.9% |
| Other amounts payable | 47/48 | €13,000 | €50,001 | +€37,001 | +284.6% |
| Accrued charges and deferred income | 492/3 | €10,000 | €0 | -€10,000 | -100.0% |
| Remuneration, social security and pensions | 62 | €23,851 | €22,174 | -€1,677 | -7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,096 | €7,480 | +€385 | +5.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €22,292 | -€2,242 | -€24,533 | |
| Other operating charges | 640/8 | €884 | €3,004 | +€2,121 | +240.0% |
| Gross operating margin | 9900 | €106,378 | €40,284 | -€66,095 | -62.1% |
| Operating profit (loss) | 9901 | €52,257 | €9,867 | -€42,390 | -81.1% |
| Financial income | 75/76B | €2,791 | €1,742 | -€1,049 | -37.6% |
| Recurring financial income | 75 | €2,791 | €1,742 | -€1,049 | -37.6% |
| Financial charges | 65/66B | €3,550 | €3,302 | -€248 | -7.0% |
| Recurring financial charges | 65 | €3,550 | €3,302 | -€248 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €51,498 | €8,307 | -€43,191 | -83.9% |
| Income taxes | 67/77 | €10,263 | €1,875 | -€8,388 | -81.7% |
| Profit (loss) for the period | 9904 | €41,235 | €6,432 | -€34,803 | -84.4% |
| Profit (loss) for the period to be appropriated | 9905 | €41,235 | €6,432 | -€34,803 | -84.4% |
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 7 October 2026 via checked.be.