Anna Santens: 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 Santens
Largest movements
- Cash +€19,747
up €19,747 (+374.0%), from €5,279 to €25,026
mainly Depreciation (+€12,536) and Receivables within one year (+€10,012)
- Tangible fixed assets -€12,536
down €12,536 (-24.4%), from €51,331 to €38,795
of which Furniture and vehicles: -€12,384
- Receivables within one year -€10,012
down €10,012 (-22.3%), from €44,840 to €34,829
of which Trade receivables: -€11,818
- Debts after one year -€8,149
down €8,149 (-28.6%), from €28,444 to €20,295
- Tax, wage and social debts +€4,551
up €4,551 (+24.5%), from €18,556 to €23,107
of which Taxes: +€4,551
- Gross operating margin -€33,674
down €33,674 (-67.9%), from €49,565 to €15,891
- Taxes -€6,832
down €6,832 (-75.2%), from €9,089 to €2,257
- Depreciation +€3,787
up €3,787 (+43.3%), from €8,749 to €12,536
- Financial income +€671
up €671 (+178.2%), from €376 to €1,047
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 | €102,716 | €99,909 | -€2,808 | -2.7% |
| Fixed assets | 21/28 | €51,331 | €38,795 | -€12,536 | -24.4% |
| Tangible fixed assets | 22/27 | €51,331 | €38,795 | -€12,536 | -24.4% |
| Plant, machinery and equipment | 23 | €520 | €368 | -€152 | -29.2% |
| Furniture and vehicles | 24 | €50,811 | €38,427 | -€12,384 | -24.4% |
| Current assets | 29/58 | €51,385 | €61,113 | +€9,728 | +18.9% |
| Stocks and contracts in progress | 3 | €1,266 | €1,258 | -€7 | -0.6% |
| Stocks | 30/36 | €1,266 | €1,258 | -€7 | -0.6% |
| Amounts receivable within one year | 40/41 | €44,840 | €34,829 | -€10,012 | -22.3% |
| Trade receivables | 40 | €26,418 | €14,600 | -€11,818 | -44.7% |
| Other amounts receivable | 41 | €18,422 | €20,229 | +€1,806 | +9.8% |
| Cash at bank and in hand | 54/58 | €5,279 | €25,026 | +€19,747 | +374.0% |
| Total equity and liabilities | 10/49 | €102,716 | €99,909 | -€2,808 | -2.7% |
| Equity | 10/15 | €46,027 | €46,710 | +€683 | +1.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €41,027 | €41,710 | +€683 | +1.7% |
| Distributable reserves | 133 | €41,027 | €41,710 | +€683 | +1.7% |
| Amounts payable | 17/49 | €56,690 | €53,199 | -€3,490 | -6.2% |
| Amounts payable after more than one year | 17 | €28,444 | €20,295 | -€8,149 | -28.6% |
| Financial debts | 170/4 | €28,444 | €20,295 | -€8,149 | -28.6% |
| Amounts payable within one year | 42/48 | €27,871 | €32,529 | +€4,659 | +16.7% |
| Current portion of amounts payable after more than one year | 42 | €7,838 | €8,149 | +€311 | +4.0% |
| Trade debts | 44 | €1,477 | €1,274 | -€204 | -13.8% |
| Suppliers | 440/4 | €1,477 | €1,274 | -€204 | -13.8% |
| Taxes, remuneration and social security | 45 | €18,556 | €23,107 | +€4,551 | +24.5% |
| Taxes | 450/3 | €16,481 | €21,032 | +€4,551 | +27.6% |
| Remuneration and social security | 454/9 | €2,075 | €2,075 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €375 | €375 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,749 | €12,536 | +€3,787 | +43.3% |
| Other operating charges | 640/8 | €447 | - | -€447 | |
| Non-recurring operating charges | 66A | €2,003 | - | -€2,003 | |
| Gross operating margin | 9900 | €49,565 | €15,891 | -€33,674 | -67.9% |
| Operating profit (loss) | 9901 | €38,366 | €3,355 | -€35,011 | -91.3% |
| Financial income | 75/76B | €376 | €1,047 | +€671 | +178.2% |
| Recurring financial income | 75 | €376 | €1,047 | +€671 | +178.2% |
| Financial charges | 65/66B | €1,155 | €1,463 | +€308 | +26.7% |
| Recurring financial charges | 65 | €1,155 | €1,463 | +€308 | +26.7% |
| Profit (loss) for the period before taxes | 9903 | €37,587 | €2,940 | -€34,648 | -92.2% |
| Income taxes | 67/77 | €9,089 | €2,257 | -€6,832 | -75.2% |
| Profit (loss) for the period | 9904 | €28,499 | €683 | -€27,816 | -97.6% |
| Profit (loss) for the period to be appropriated | 9905 | €28,499 | €683 | -€27,816 | -97.6% |
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 29 September 2026 via checked.be.