ANNAFELI: 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.
ANNAFELI
Largest movements
- Receivables within one year -€7,137
down €7,137 (-76.5%), from €9,333 to €2,196
- Stocks and contracts +€5,102
up €5,102 (+216%), from €2,358 to €7,460
- Tangible fixed assets -€2,310
down €2,310 (-22.8%), from €10,114 to €7,804
of which Furniture and vehicles: -€1,476
- Profit (loss) carried forward +€10,865
up €10,865 (+51.1%), from -€21,260 to -€10,395
- Trade debts -€8,642
down €8,642 (-78.1%), from €11,071 to €2,429
- Debts after one year -€5,306
down €5,306 (-22.7%), from €23,353 to €18,047
- Other debts -€2,566
down €2,566 (-28.8%), from €8,925 to €6,359
- Current portion of long-term debt +€659
up €659 (+14.2%), from €4,647 to €5,306
- Gross operating margin +€32,297
up €32,297, from -€14,754 to €17,543
- Staff costs -€1,416
down €1,416 (-44.4%), from €3,187 to €1,771
- Depreciation +€1,331
up €1,331 (+136%), from €979 to €2,310
- Financial charges +€238
up €238 (+12.1%), from €1,961 to €2,199
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 | €31,998 | €27,471 | -€4,527 | -14.1% |
| Fixed assets | 21/28 | €10,114 | €7,804 | -€2,310 | -22.8% |
| Tangible fixed assets | 22/27 | €10,114 | €7,804 | -€2,310 | -22.8% |
| Plant, machinery and equipment | 23 | €1,007 | €610 | -€397 | -39.4% |
| Furniture and vehicles | 24 | €4,922 | €3,446 | -€1,476 | -30.0% |
| Other tangible fixed assets | 26 | €4,185 | €3,748 | -€437 | -10.4% |
| Current assets | 29/58 | €21,884 | €19,667 | -€2,217 | -10.1% |
| Stocks and contracts in progress | 3 | €2,358 | €7,460 | +€5,102 | +216% |
| Stocks | 30/36 | €2,358 | €7,460 | +€5,102 | +216% |
| Amounts receivable within one year | 40/41 | €9,333 | €2,196 | -€7,137 | -76.5% |
| Trade receivables | 40 | €9,333 | €2,196 | -€7,137 | -76.5% |
| Cash at bank and in hand | 54/58 | €10,193 | €10,011 | -€182 | -1.8% |
| Total equity and liabilities | 10/49 | €31,998 | €27,471 | -€4,527 | -14.1% |
| Equity | 10/15 | -€18,260 | -€7,395 | +€10,865 | +59.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,260 | -€10,395 | +€10,865 | +51.1% |
| Amounts payable | 17/49 | €50,258 | €34,866 | -€15,392 | -30.6% |
| Amounts payable after more than one year | 17 | €23,353 | €18,047 | -€5,306 | -22.7% |
| Financial debts | 170/4 | €23,353 | €18,047 | -€5,306 | -22.7% |
| Amounts payable within one year | 42/48 | €26,905 | €16,819 | -€10,086 | -37.5% |
| Current portion of amounts payable after more than one year | 42 | €4,647 | €5,306 | +€659 | +14.2% |
| Trade debts | 44 | €11,071 | €2,429 | -€8,642 | -78.1% |
| Suppliers | 440/4 | €11,071 | €2,429 | -€8,642 | -78.1% |
| Taxes, remuneration and social security | 45 | €2,262 | €2,725 | +€463 | +20.5% |
| Taxes | 450/3 | €2,262 | €2,725 | +€463 | +20.5% |
| Other amounts payable | 47/48 | €8,925 | €6,359 | -€2,566 | -28.8% |
| Remuneration, social security and pensions | 62 | €3,187 | €1,771 | -€1,416 | -44.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €979 | €2,310 | +€1,331 | +136% |
| Other operating charges | 640/8 | €387 | €400 | +€13 | +3.4% |
| Gross operating margin | 9900 | -€14,754 | €17,543 | +€32,297 | |
| Operating profit (loss) | 9901 | -€19,307 | €13,062 | +€32,369 | |
| Financial income | 75/76B | €8 | €2 | -€6 | -75.0% |
| Recurring financial income | 75 | €8 | €2 | -€6 | -75.0% |
| Financial charges | 65/66B | €1,961 | €2,199 | +€238 | +12.1% |
| Recurring financial charges | 65 | €1,961 | €2,199 | +€238 | +12.1% |
| Profit (loss) for the period before taxes | 9903 | -€21,260 | €10,865 | +€32,125 | |
| Profit (loss) for the period | 9904 | -€21,260 | €10,865 | +€32,125 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,260 | €10,865 | +€32,125 |
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 17 October 2026 via checked.be.