ANNABURGH: 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.
ANNABURGH
Largest movements
- Financial fixed assets +€150,000
up €150,000 (+600%), from €25,000 to €175,000
- Tangible fixed assets +€40,636
up €40,636 (+389%), from €10,456 to €51,092
of which Furniture and vehicles: +€22,067
- Cash -€16,361
down €16,361 (-47.0%), from €34,796 to €18,435
mainly Investment in fixed assets (net) (-€201,996) and Receivables within one year (-€16,121)
- Receivables within one year +€16,121
up €16,121 (+186%), from €8,650 to €24,772
of which Trade receivables: +€15,608
- Other debts +€186,483
up €186,483 (+768%), from €24,292 to €210,775
- Reserves +€15,725
up €15,725 (+71.8%), from €21,910 to €37,635
- Current portion of long-term debt -€8,494
down €8,494 (-100%), from €8,494 to €0
- Depreciation -€5,936
down €5,936 (-40.4%), from €14,679 to €8,744
- Gross operating margin +€3,550
up €3,550 (+10.6%), from €33,640 to €37,190
- Taxes +€3,236
up €3,236 (+50.2%), from €6,448 to €9,684
- Financial charges +€1,107
up €1,107 (+269%), from €411 to €1,518
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 | €84,257 | €277,670 | +€193,414 | +230% |
| Fixed assets | 21/28 | €37,907 | €231,159 | +€193,252 | +510% |
| Intangible fixed assets | 21 | €2,451 | €5,067 | +€2,616 | +107% |
| Tangible fixed assets | 22/27 | €10,456 | €51,092 | +€40,636 | +389% |
| Land and buildings | 22 | - | €12,860 | +€12,860 | |
| Plant, machinery and equipment | 23 | €2,359 | €16,165 | +€13,805 | +585% |
| Furniture and vehicles | 24 | - | €22,067 | +€22,067 | |
| Leasing and similar rights | 25 | €8,097 | €0 | -€8,097 | -100% |
| Financial fixed assets | 28 | €25,000 | €175,000 | +€150,000 | +600% |
| Current assets | 29/58 | €46,350 | €46,511 | +€161 | +0.3% |
| Amounts receivable within one year | 40/41 | €8,650 | €24,772 | +€16,121 | +186% |
| Trade receivables | 40 | €8,650 | €24,259 | +€15,608 | +180% |
| Other amounts receivable | 41 | - | €513 | +€513 | |
| Cash at bank and in hand | 54/58 | €34,796 | €18,435 | -€16,361 | -47.0% |
| Deferred charges and accrued income | 490/1 | €2,904 | €3,305 | +€401 | +13.8% |
| Total equity and liabilities | 10/49 | €84,257 | €277,670 | +€193,414 | +230% |
| Equity | 10/15 | €45,842 | €61,567 | +€15,725 | +34.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €21,910 | €37,635 | +€15,725 | +71.8% |
| Distributable reserves | 133 | €21,910 | €37,635 | +€15,725 | +71.8% |
| Profit (loss) carried forward | 14 | €5,332 | €5,332 | = | 0.0% |
| Amounts payable | 17/49 | €38,414 | €216,103 | +€177,689 | +463% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €38,414 | €214,953 | +€176,538 | +460% |
| Current portion of amounts payable after more than one year | 42 | €8,494 | €0 | -€8,494 | -100% |
| Trade debts | 44 | €1,059 | €1,906 | +€846 | +79.9% |
| Suppliers | 440/4 | €1,059 | €1,906 | +€846 | +79.9% |
| Taxes, remuneration and social security | 45 | €4,569 | €2,272 | -€2,297 | -50.3% |
| Taxes | 450/3 | €4,569 | €2,272 | -€2,297 | -50.3% |
| Other amounts payable | 47/48 | €24,292 | €210,775 | +€186,483 | +768% |
| Accrued charges and deferred income | 492/3 | - | €1,151 | +€1,151 | |
| Non-recurring operating income | 76A | - | €16,903 | +€16,903 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,679 | €8,744 | -€5,936 | -40.4% |
| Other operating charges | 640/8 | €1,975 | €1,958 | -€16 | -0.8% |
| Gross operating margin | 9900 | €33,640 | €37,190 | +€3,550 | +10.6% |
| Operating profit (loss) | 9901 | €16,986 | €26,488 | +€9,502 | +55.9% |
| Financial income | 75/76B | €119 | €438 | +€319 | +267% |
| Recurring financial income | 75 | €119 | €438 | +€319 | +267% |
| Financial charges | 65/66B | €411 | €1,518 | +€1,107 | +269% |
| Recurring financial charges | 65 | €411 | €1,518 | +€1,107 | +269% |
| Profit (loss) for the period before taxes | 9903 | €16,695 | €25,409 | +€8,714 | +52.2% |
| Income taxes | 67/77 | €6,448 | €9,684 | +€3,236 | +50.2% |
| Profit (loss) for the period | 9904 | €10,247 | €15,725 | +€5,478 | +53.5% |
| Profit (loss) for the period to be appropriated | 9905 | €10,247 | €15,725 | +€5,478 | +53.5% |
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 23 October 2026 via checked.be.