ANNAERT: 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.
ANNAERT
Largest movements
- Receivables within one year -€12,425
no longer reported in 2025 (was €12,425)
- Deferred charges and accrued income +€4,650
up €4,650 (+18.8%), from €24,700 to €29,350
- Trade debts -€14,973
down €14,973 (-89.7%), from €16,693 to €1,720
- Other debts +€4,978
up €4,978 (+122.8%), from €4,052 to €9,030
- Profit (loss) carried forward +€2,112
no longer reported in 2025 (was -€2,112)
- Gross operating margin -€11,176
down €11,176 (-79.8%), from €14,011 to €2,836
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 | €37,225 | €29,358 | -€7,866 | -21.1% |
| Current assets | 29/58 | €37,225 | €29,358 | -€7,866 | -21.1% |
| Amounts receivable within one year | 40/41 | €12,425 | - | -€12,425 | |
| Trade receivables | 40 | €12,425 | - | -€12,425 | |
| Cash at bank and in hand | 54/58 | €100 | €8 | -€91 | -91.6% |
| Deferred charges and accrued income | 490/1 | €24,700 | €29,350 | +€4,650 | +18.8% |
| Total equity and liabilities | 10/49 | €37,225 | €29,358 | -€7,866 | -21.1% |
| Equity | 10/15 | €16,480 | €18,609 | +€2,129 | +12.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | - | €16 | +€16 | |
| Distributable reserves | 133 | - | €16 | +€16 | |
| Profit (loss) carried forward | 14 | -€2,112 | - | +€2,112 | |
| Amounts payable | 17/49 | €20,745 | €10,750 | -€9,995 | -48.2% |
| Amounts payable within one year | 42/48 | €20,745 | €10,750 | -€9,995 | -48.2% |
| Trade debts | 44 | €16,693 | €1,720 | -€14,973 | -89.7% |
| Suppliers | 440/4 | €16,693 | €1,720 | -€14,973 | -89.7% |
| Other amounts payable | 47/48 | €4,052 | €9,030 | +€4,978 | +122.8% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €14,011 | €2,836 | -€11,176 | -79.8% |
| Operating profit (loss) | 9901 | €13,624 | €2,436 | -€11,188 | -82.1% |
| Financial charges | 65/66B | €181 | €308 | +€127 | +70.2% |
| Recurring financial charges | 65 | €181 | €308 | +€127 | +70.2% |
| Profit (loss) for the period before taxes | 9903 | €13,443 | €2,129 | -€11,315 | -84.2% |
| Profit (loss) for the period | 9904 | €13,443 | €2,129 | -€11,315 | -84.2% |
| Profit (loss) for the period to be appropriated | 9905 | €13,443 | €2,129 | -€11,315 | -84.2% |
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 5 October 2026 via checked.be.