Annacé: 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.
Annacé
Largest movements
- Tangible fixed assets +€4.0m
up €4.0m (+146.9%), from €2.8m to €6.8m
of which Land and buildings: +€4.1m
- Receivables within one year +€554,959
up €554,959 (+1084.7%), from €51,163 to €606,121
of which Trade receivables: +€479,281
- Cash +€118,430
up €118,430 (+125.9%), from €94,064 to €212,494
mainly Debts after one year (+€2.1m) and Net result for the year (+€1.9m)
- Debts after one year +€2.1m
up €2.1m, from €0 to €2.1m
- Reserves +€1.9m
up €1.9m (+74.2%), from €2.6m to €4.5m
- Other debts +€397,559
up €397,559 (+2119.9%), from €18,753 to €416,312
- Current portion of long-term debt +€302,677
up €302,677 (+3081.2%), from €9,823 to €312,500
- Gross operating margin +€1.4m
up €1.4m (+107.2%), from €1.3m to €2.8m
- Taxes +€331,700
up €331,700 (+108.3%), from €306,179 to €637,879
- Depreciation +€87,796
up €87,796 (+94.4%), from €93,028 to €180,825
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 | €2,902,299 | €7,621,840 | +€4.7m | +162.6% |
| Fixed assets | 21/28 | €2,752,723 | €6,797,924 | +€4.0m | +147.0% |
| Tangible fixed assets | 22/27 | €2,752,723 | €6,797,424 | +€4.0m | +146.9% |
| Land and buildings | 22 | €2,017,099 | €6,069,435 | +€4.1m | +200.9% |
| Plant, machinery and equipment | 23 | - | €10,973 | +€10,973 | |
| Furniture and vehicles | 24 | €110,895 | €92,286 | -€18,609 | -16.8% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Assets under construction and advance payments | 27 | €624,729 | €624,729 | = | 0.0% |
| Financial fixed assets | 28 | - | €500 | +€500 | |
| Current assets | 29/58 | €149,576 | €823,916 | +€674,340 | +450.8% |
| Amounts receivable within one year | 40/41 | €51,163 | €606,121 | +€554,959 | +1084.7% |
| Trade receivables | 40 | €4,719 | €484,000 | +€479,281 | +10156.4% |
| Other amounts receivable | 41 | €46,444 | €122,121 | +€75,678 | +162.9% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €94,064 | €212,494 | +€118,430 | +125.9% |
| Deferred charges and accrued income | 490/1 | €4,350 | €5,301 | +€951 | +21.9% |
| Total equity and liabilities | 10/49 | €2,902,299 | €7,621,840 | +€4.7m | +162.6% |
| Equity | 10/15 | €2,578,430 | €4,491,357 | +€1.9m | +74.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €2,576,430 | €4,489,357 | +€1.9m | +74.2% |
| Distributable reserves | 133 | €2,576,430 | €4,489,357 | +€1.9m | +74.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €323,869 | €3,130,482 | +€2.8m | +866.6% |
| Amounts payable after more than one year | 17 | €0 | €2,083,333 | +€2.1m | |
| Financial debts | 170/4 | €0 | €2,083,333 | +€2.1m | |
| Amounts payable within one year | 42/48 | €320,226 | €1,046,727 | +€726,501 | +226.9% |
| Current portion of amounts payable after more than one year | 42 | €9,823 | €312,500 | +€302,677 | +3081.2% |
| Trade debts | 44 | €1,491 | €380 | -€1,111 | -74.5% |
| Suppliers | 440/4 | €1,491 | €380 | -€1,111 | -74.5% |
| Taxes, remuneration and social security | 45 | €290,159 | €317,536 | +€27,377 | +9.4% |
| Taxes | 450/3 | €290,159 | €314,836 | +€24,677 | +8.5% |
| Remuneration and social security | 454/9 | - | €2,700 | +€2,700 | |
| Other amounts payable | 47/48 | €18,753 | €416,312 | +€397,559 | +2119.9% |
| Accrued charges and deferred income | 492/3 | €3,642 | €421 | -€3,221 | -88.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,028 | €180,825 | +€87,796 | +94.4% |
| Other operating charges | 640/8 | €7,728 | €6,570 | -€1,158 | -15.0% |
| Gross operating margin | 9900 | €1,332,473 | €2,760,802 | +€1.4m | +107.2% |
| Operating profit (loss) | 9901 | €1,231,716 | €2,573,408 | +€1.3m | +108.9% |
| Financial income | 75/76B | €10,829 | €6,000 | -€4,829 | -44.6% |
| Recurring financial income | 75 | €10,829 | €6,000 | -€4,829 | -44.6% |
| Financial charges | 65/66B | €5,337 | €28,601 | +€23,264 | +435.9% |
| Recurring financial charges | 65 | €5,337 | €28,601 | +€23,264 | +435.9% |
| Profit (loss) for the period before taxes | 9903 | €1,237,209 | €2,550,807 | +€1.3m | +106.2% |
| Income taxes | 67/77 | €306,179 | €637,879 | +€331,700 | +108.3% |
| Profit (loss) for the period | 9904 | €931,030 | €1,912,928 | +€981,897 | +105.5% |
| Profit (loss) for the period to be appropriated | 9905 | €931,030 | €1,912,928 | +€981,897 | +105.5% |
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 11 October 2026 via checked.be.