ANNA MARIA 4: 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 MARIA 4
Largest movements
- Tangible fixed assets -€72,747
down €72,747 (-17.0%), from €427,267 to €354,520
- Receivables within one year +€9,662
up €9,662 (+140%), from €6,893 to €16,555
of which Trade receivables: +€9,662
- Profit (loss) carried forward -€72,755
down €72,755 (-20.5%), from -€354,566 to -€427,321
- Debts after one year +€30,000
up €30,000 (+3.9%), from €765,000 to €795,000
- Trade debts -€18,469
no longer reported in 2025 (was €18,469)
- Gross operating margin +€7,661
up €7,661, from -€6,754 to €907
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 | €434,467 | €373,013 | -€61,454 | -14.1% |
| Fixed assets | 21/28 | €427,267 | €354,520 | -€72,747 | -17.0% |
| Tangible fixed assets | 22/27 | €427,267 | €354,520 | -€72,747 | -17.0% |
| Other tangible fixed assets | 26 | €427,267 | €354,520 | -€72,747 | -17.0% |
| Current assets | 29/58 | €7,201 | €18,494 | +€11,293 | +157% |
| Amounts receivable within one year | 40/41 | €6,893 | €16,555 | +€9,662 | +140% |
| Trade receivables | 40 | - | €9,662 | +€9,662 | |
| Other amounts receivable | 41 | €6,893 | €6,893 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €308 | €1,939 | +€1,631 | +530% |
| Total equity and liabilities | 10/49 | €434,467 | €373,013 | -€61,454 | -14.1% |
| Equity | 10/15 | -€349,566 | -€422,321 | -€72,755 | -20.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€354,566 | -€427,321 | -€72,755 | -20.5% |
| Amounts payable | 17/49 | €784,033 | €795,334 | +€11,301 | +1.4% |
| Amounts payable after more than one year | 17 | €765,000 | €795,000 | +€30,000 | +3.9% |
| Other amounts payable | 178/9 | €765,000 | €795,000 | +€30,000 | +3.9% |
| Amounts payable within one year | 42/48 | €19,033 | €334 | -€18,699 | -98.2% |
| Trade debts | 44 | €18,469 | - | -€18,469 | |
| Suppliers | 440/4 | €18,469 | - | -€18,469 | |
| Taxes, remuneration and social security | 45 | €306 | €76 | -€231 | -75.2% |
| Taxes | 450/3 | €306 | €76 | -€231 | -75.2% |
| Other amounts payable | 47/48 | €258 | €258 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,081 | €73,081 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€6,754 | €907 | +€7,661 | |
| Operating profit (loss) | 9901 | -€80,223 | -€72,574 | +€7,649 | +9.5% |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €152 | €185 | +€34 | +22.1% |
| Recurring financial charges | 65 | €152 | €185 | +€34 | +22.1% |
| Profit (loss) for the period before taxes | 9903 | -€80,374 | -€72,755 | +€7,620 | +9.5% |
| Profit (loss) for the period | 9904 | -€80,374 | -€72,755 | +€7,620 | +9.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€80,374 | -€72,755 | +€7,620 | +9.5% |
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 20 October 2026 via checked.be.