AnnabelLa: 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.
AnnabelLa
Largest movements
- Current investments -€170,000
no longer reported in 2025 (was €170,000)
- Cash +€36,244
up €36,244 (+69.2%), from €52,400 to €88,644
mainly Current investments (+€170,000) and Net result for the year (+€129,013)
- Receivables within one year +€3,801
up €3,801 (+60.2%), from €6,318 to €10,119
of which Trade receivables: +€4,402
- Reserves -€73,987
down €73,987 (-39.7%), from €186,419 to €112,432
- Other debts -€49,809
down €49,809 (-41.5%), from €120,000 to €70,191
- Debts after one year -€10,000
down €10,000 (-50.0%), from €20,000 to €10,000
- Gross operating margin +€23,530
up €23,530 (+29.0%), from €81,181 to €104,711
- Financial income +€22,138
up €22,138 (+60.0%), from €36,869 to €59,007
- Taxes +€3,849
up €3,849 (+23.3%), from €16,519 to €20,368
- Depreciation +€3,305
up €3,305 (+36.3%), from €9,093 to €12,398
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 | €337,303 | €202,896 | -€134,407 | -39.8% |
| Fixed assets | 21/28 | €105,280 | €102,186 | -€3,094 | -2.9% |
| Tangible fixed assets | 22/27 | €55,280 | €52,186 | -€3,094 | -5.6% |
| Furniture and vehicles | 24 | €55,280 | €52,186 | -€3,094 | -5.6% |
| Financial fixed assets | 28 | €50,000 | €50,000 | = | 0.0% |
| Current assets | 29/58 | €232,023 | €100,711 | -€131,312 | -56.6% |
| Amounts receivable within one year | 40/41 | €6,318 | €10,119 | +€3,801 | +60.2% |
| Trade receivables | 40 | €5,717 | €10,119 | +€4,402 | +77.0% |
| Other amounts receivable | 41 | €601 | - | -€601 | |
| Current investments | 50/53 | €170,000 | - | -€170,000 | |
| Cash at bank and in hand | 54/58 | €52,400 | €88,644 | +€36,244 | +69.2% |
| Deferred charges and accrued income | 490/1 | €3,305 | €1,948 | -€1,357 | -41.1% |
| Total equity and liabilities | 10/49 | €337,303 | €202,896 | -€134,407 | -39.8% |
| Equity | 10/15 | €189,419 | €115,432 | -€73,987 | -39.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €186,419 | €112,432 | -€73,987 | -39.7% |
| Distributable reserves | 133 | €186,419 | €112,432 | -€73,987 | -39.7% |
| Amounts payable | 17/49 | €147,884 | €87,465 | -€60,419 | -40.9% |
| Amounts payable after more than one year | 17 | €20,000 | €10,000 | -€10,000 | -50.0% |
| Financial debts | 170/4 | €20,000 | €10,000 | -€10,000 | -50.0% |
| Amounts payable within one year | 42/48 | €127,405 | €77,150 | -€50,255 | -39.4% |
| Trade debts | 44 | €2,121 | €264 | -€1,856 | -87.5% |
| Suppliers | 440/4 | €2,121 | €264 | -€1,856 | -87.5% |
| Taxes, remuneration and social security | 45 | €5,284 | €6,695 | +€1,411 | +26.7% |
| Taxes | 450/3 | €5,284 | €6,289 | +€1,005 | +19.0% |
| Remuneration and social security | 454/9 | - | €406 | +€406 | |
| Other amounts payable | 47/48 | €120,000 | €70,191 | -€49,809 | -41.5% |
| Accrued charges and deferred income | 492/3 | €480 | €315 | -€165 | -34.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,093 | €12,398 | +€3,305 | +36.3% |
| Other operating charges | 640/8 | €1,605 | €1,768 | +€163 | +10.1% |
| Gross operating margin | 9900 | €81,181 | €104,711 | +€23,530 | +29.0% |
| Operating profit (loss) | 9901 | €70,483 | €90,545 | +€20,062 | +28.5% |
| Financial income | 75/76B | €36,869 | €59,007 | +€22,138 | +60.0% |
| Recurring financial income | 75 | €36,869 | €59,007 | +€22,138 | +60.0% |
| Financial charges | 65/66B | €531 | €172 | -€359 | -67.7% |
| Recurring financial charges | 65 | €531 | €172 | -€359 | -67.7% |
| Profit (loss) for the period before taxes | 9903 | €106,820 | €149,380 | +€42,560 | +39.8% |
| Income taxes | 67/77 | €16,519 | €20,368 | +€3,849 | +23.3% |
| Profit (loss) for the period | 9904 | €90,302 | €129,013 | +€38,711 | +42.9% |
| Profit (loss) for the period to be appropriated | 9905 | €90,302 | €129,013 | +€38,711 | +42.9% |
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 25 October 2026 via checked.be.