ANNAH: 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.
ANNAH
Largest movements
- Current investments -€40,300
no longer reported in 2025 (was €40,300)
- Cash +€38,571
up €38,571 (+292.7%), from €13,177 to €51,748
mainly Net result for the year (+€85,937) and Current investments (+€40,300)
- Receivables within one year -€11,593
down €11,593 (-59.3%), from €19,554 to €7,961
- Provisions -€40,300
no longer reported in 2025 (was €40,300)
- Contributions -€25,000
down €25,000 (-3.6%), from €685,000 to €660,000
- Reserves +€24,962
up €24,962 (+13.8%), from €180,795 to €205,757
- Other debts +€18,219
new in 2025: €18,219
- Provisions -€80,600
down €80,600, from €40,300 to -€40,300
- Financial charges +€40,120
up €40,120 (+1248.9%), from €3,213 to €43,333
- Financial income -€26,796
down €26,796 (-42.7%), from €62,713 to €35,917
- Gross operating margin +€26,354
up €26,354 (+50.4%), from €52,296 to €78,649
- Taxes +€18,945
up €18,945 (+291.6%), from €6,496 to €25,442
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 | €919,531 | €906,210 | -€13,321 | -1.4% |
| Fixed assets | 21/28 | €721,500 | €721,500 | = | 0.0% |
| Financial fixed assets | 28 | €721,500 | €721,500 | = | 0.0% |
| Current assets | 29/58 | €198,031 | €184,710 | -€13,321 | -6.7% |
| Amounts receivable after more than one year | 29 | €125,000 | €125,000 | = | 0.0% |
| Other amounts receivable | 291 | €125,000 | €125,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €19,554 | €7,961 | -€11,593 | -59.3% |
| Other amounts receivable | 41 | €19,554 | €7,961 | -€11,593 | -59.3% |
| Current investments | 50/53 | €40,300 | - | -€40,300 | |
| Cash at bank and in hand | 54/58 | €13,177 | €51,748 | +€38,571 | +292.7% |
| Total equity and liabilities | 10/49 | €919,531 | €906,210 | -€13,321 | -1.4% |
| Equity | 10/15 | €865,795 | €865,757 | -€38 | 0.0% |
| Contributions | 10/11 | €685,000 | €660,000 | -€25,000 | -3.6% |
| Contributions outside capital | 11 | €685,000 | €660,000 | -€25,000 | -3.6% |
| Other | 1109/19 | €685,000 | €660,000 | -€25,000 | -3.6% |
| Reserves | 13 | €180,795 | €205,757 | +€24,962 | +13.8% |
| Distributable reserves | 133 | €180,795 | €205,757 | +€24,962 | +13.8% |
| Provisions and deferred taxes | 16 | €40,300 | - | -€40,300 | |
| Provisions for liabilities and charges | 160/5 | €40,300 | - | -€40,300 | |
| Pensions and similar obligations | 160 | €40,300 | - | -€40,300 | |
| Amounts payable | 17/49 | €13,436 | €40,452 | +€27,016 | +201.1% |
| Amounts payable within one year | 42/48 | €13,436 | €40,452 | +€27,016 | +201.1% |
| Trade debts | 44 | €9,032 | €9,044 | +€12 | +0.1% |
| Suppliers | 440/4 | €9,032 | €9,044 | +€12 | +0.1% |
| Taxes, remuneration and social security | 45 | €4,404 | €13,190 | +€8,786 | +199.5% |
| Taxes | 450/3 | €1,154 | €9,940 | +€8,786 | +761.2% |
| Remuneration and social security | 454/9 | €3,250 | €3,250 | = | 0.0% |
| Other amounts payable | 47/48 | - | €18,219 | +€18,219 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €40,300 | -€40,300 | -€80,600 | |
| Other operating charges | 640/8 | €39 | €156 | +€116 | +295.4% |
| Gross operating margin | 9900 | €52,296 | €78,649 | +€26,354 | +50.4% |
| Operating profit (loss) | 9901 | €11,956 | €118,794 | +€106,837 | +893.6% |
| Financial income | 75/76B | €62,713 | €35,917 | -€26,796 | -42.7% |
| Recurring financial income | 75 | €62,713 | €35,917 | -€26,796 | -42.7% |
| Financial charges | 65/66B | €3,213 | €43,333 | +€40,120 | +1248.9% |
| Recurring financial charges | 65 | €3,213 | €43,333 | +€40,120 | +1248.9% |
| Profit (loss) for the period before taxes | 9903 | €71,457 | €111,378 | +€39,921 | +55.9% |
| Income taxes | 67/77 | €6,496 | €25,442 | +€18,945 | +291.6% |
| Profit (loss) for the period | 9904 | €64,961 | €85,937 | +€20,976 | +32.3% |
| Profit (loss) for the period to be appropriated | 9905 | €64,961 | €85,937 | +€20,976 | +32.3% |
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 10 October 2026 via checked.be.