Anna Van Hirtum: 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 Van Hirtum
Largest movements
- Stocks and contracts +€78,634
up €78,634 (+10.8%), from €727,285 to €805,919
- Other debts +€55,578
up €55,578 (+24.6%), from €225,491 to €281,069
- Debts after one year +€27,525
up €27,525 (+6.1%), from €450,000 to €477,525
- Profit (loss) carried forward -€24,933
down €24,933 (-59.3%), from -€42,078 to -€67,011
- Trade debts +€18,704
up €18,704 (+2,291%), from €816 to €19,521
- Financial charges -€11,626
down €11,626 (-39.1%), from €29,771 to €18,144
- Gross operating margin +€3,085
up €3,085 (+31.2%), from -€9,874 to -€6,789
- Other operating charges -€2,434
no longer reported in 2025 (was €2,434)
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 | €736,030 | €812,508 | +€76,478 | +10.4% |
| Current assets | 29/58 | €736,030 | €812,508 | +€76,478 | +10.4% |
| Stocks and contracts in progress | 3 | €727,285 | €805,919 | +€78,634 | +10.8% |
| Stocks | 30/36 | €727,285 | €805,919 | +€78,634 | +10.8% |
| Cash at bank and in hand | 54/58 | €5,779 | €2,552 | -€3,227 | -55.8% |
| Deferred charges and accrued income | 490/1 | €2,967 | €4,038 | +€1,071 | +36.1% |
| Total equity and liabilities | 10/49 | €736,030 | €812,508 | +€76,478 | +10.4% |
| Equity | 10/15 | €57,922 | €32,989 | -€24,933 | -43.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,078 | -€67,011 | -€24,933 | -59.3% |
| Amounts payable | 17/49 | €678,109 | €779,520 | +€101,411 | +15.0% |
| Amounts payable after more than one year | 17 | €450,000 | €477,525 | +€27,525 | +6.1% |
| Financial debts | 170/4 | €450,000 | €477,525 | +€27,525 | +6.1% |
| Amounts payable within one year | 42/48 | €226,307 | €300,590 | +€74,282 | +32.8% |
| Trade debts | 44 | €816 | €19,521 | +€18,704 | +2,291% |
| Suppliers | 440/4 | €816 | €19,521 | +€18,704 | +2,291% |
| Other amounts payable | 47/48 | €225,491 | €281,069 | +€55,578 | +24.6% |
| Accrued charges and deferred income | 492/3 | €1,802 | €1,405 | -€397 | -22.0% |
| Other operating charges | 640/8 | €2,434 | - | -€2,434 | |
| Gross operating margin | 9900 | -€9,874 | -€6,789 | +€3,085 | +31.2% |
| Operating profit (loss) | 9901 | -€12,308 | -€6,789 | +€5,519 | +44.8% |
| Financial charges | 65/66B | €29,771 | €18,144 | -€11,626 | -39.1% |
| Recurring financial charges | 65 | €29,771 | €18,144 | -€11,626 | -39.1% |
| Profit (loss) for the period before taxes | 9903 | -€42,078 | -€24,933 | +€17,145 | +40.7% |
| Profit (loss) for the period | 9904 | -€42,078 | -€24,933 | +€17,145 | +40.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€42,078 | -€24,933 | +€17,145 | +40.7% |
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 16 October 2026 via checked.be.