Anna Z: 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 Z
Largest movements
- Stocks and contracts +€40,712
new in 2025: €40,712
- Reserves +€42,131
up €42,131 (+735.8%), from €5,726 to €47,857
- Debts after one year -€26,242
down €26,242 (-17.5%), from €150,193 to €123,951
- Trade debts +€14,752
new in 2025: €14,752
- Profit (loss) carried forward +€12,429
no longer reported in 2025 (was -€12,429)
- Other debts -€11,165
down €11,165 (-2.6%), from €422,040 to €410,875
- Gross operating margin +€103,512
up €103,512 (+159.8%), from €64,792 to €168,304
- Staff costs +€44,634
up €44,634 (+183.0%), from €24,392 to €69,026
- Taxes +€23,270
up €23,270 (+27888.6%), from €83 to €23,354
- Financial income +€6,317
up €6,317 (+139.8%), from €4,520 to €10,836
- Depreciation +€2,580
up €2,580 (+12.3%), from €20,911 to €23,492
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 | €621,514 | €663,845 | +€42,331 | +6.8% |
| Fixed assets | 21/28 | €365,340 | €360,711 | -€4,629 | -1.3% |
| Intangible fixed assets | 21 | €2,336 | €1,836 | -€500 | -21.4% |
| Tangible fixed assets | 22/27 | €363,004 | €358,875 | -€4,129 | -1.1% |
| Land and buildings | 22 | €304,900 | €289,550 | -€15,350 | -5.0% |
| Furniture and vehicles | 24 | €6,807 | €6,515 | -€292 | -4.3% |
| Other tangible fixed assets | 26 | €51,298 | €62,810 | +€11,513 | +22.4% |
| Current assets | 29/58 | €256,174 | €303,134 | +€46,960 | +18.3% |
| Stocks and contracts in progress | 3 | - | €40,712 | +€40,712 | |
| Stocks | 30/36 | - | €40,712 | +€40,712 | |
| Amounts receivable within one year | 40/41 | €11,548 | €11,754 | +€206 | +1.8% |
| Trade receivables | 40 | €6,913 | €9,054 | +€2,141 | +31.0% |
| Other amounts receivable | 41 | €4,635 | €2,700 | -€1,935 | -41.7% |
| Cash at bank and in hand | 54/58 | €243,290 | €249,087 | +€5,797 | +2.4% |
| Deferred charges and accrued income | 490/1 | €1,336 | €1,580 | +€245 | +18.3% |
| Total equity and liabilities | 10/49 | €621,514 | €663,845 | +€42,331 | +6.8% |
| Equity | 10/15 | -€5,704 | €48,857 | +€54,560 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €5,726 | €47,857 | +€42,131 | +735.8% |
| Distributable reserves | 133 | €5,726 | €47,857 | +€42,131 | +735.8% |
| Profit (loss) carried forward | 14 | -€12,429 | - | +€12,429 | |
| Amounts payable | 17/49 | €627,218 | €614,988 | -€12,229 | -1.9% |
| Amounts payable after more than one year | 17 | €150,193 | €123,951 | -€26,242 | -17.5% |
| Financial debts | 170/4 | €150,193 | €123,951 | -€26,242 | -17.5% |
| Amounts payable within one year | 42/48 | €477,025 | €491,037 | +€14,013 | +2.9% |
| Current portion of amounts payable after more than one year | 42 | €25,786 | €26,242 | +€456 | +1.8% |
| Trade debts | 44 | - | €14,752 | +€14,752 | |
| Suppliers | 440/4 | - | €14,752 | +€14,752 | |
| Taxes, remuneration and social security | 45 | €29,198 | €39,168 | +€9,970 | +34.1% |
| Taxes | 450/3 | €25,818 | €34,801 | +€8,982 | +34.8% |
| Remuneration and social security | 454/9 | €3,380 | €4,367 | +€987 | +29.2% |
| Other amounts payable | 47/48 | €422,040 | €410,875 | -€11,165 | -2.6% |
| Remuneration, social security and pensions | 62 | €24,392 | €69,026 | +€44,634 | +183.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,911 | €23,492 | +€2,580 | +12.3% |
| Other operating charges | 640/8 | €3,096 | €4,172 | +€1,076 | +34.7% |
| Gross operating margin | 9900 | €64,792 | €168,304 | +€103,512 | +159.8% |
| Operating profit (loss) | 9901 | €16,393 | €71,615 | +€55,222 | +336.9% |
| Financial income | 75/76B | €4,520 | €10,836 | +€6,317 | +139.8% |
| Recurring financial income | 75 | €4,520 | €10,836 | +€6,317 | +139.8% |
| Financial charges | 65/66B | €4,769 | €4,537 | -€232 | -4.9% |
| Recurring financial charges | 65 | €4,769 | €4,537 | -€232 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | €16,143 | €77,914 | +€61,771 | +382.6% |
| Income taxes | 67/77 | €83 | €23,354 | +€23,270 | +27888.6% |
| Profit (loss) for the period | 9904 | €16,060 | €54,560 | +€38,500 | +239.7% |
| Profit (loss) for the period to be appropriated | 9905 | €16,060 | €54,560 | +€38,500 | +239.7% |
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.