ANNALICE: 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.
ANNALICE
Largest movements
- Tangible fixed assets -€23,570
down €23,570 (-7.5%), from €314,202 to €290,632
- Current portion of long-term debt -€43,219
down €43,219 (-65.8%), from €65,699 to €22,480
- Profit (loss) carried forward +€21,205
up €21,205 (+5.8%), from €364,432 to €385,637
- Debts after one year -€17,875
down €17,875 (-5.6%), from €319,464 to €301,590
- Other debts +€17,500
up €17,500 (+46.3%), from €37,818 to €55,318
- Depreciation -€5,088
down €5,088 (-17.8%), from €28,658 to €23,570
- Write-downs -€2,228
no longer reported in 2025 (was €2,228)
- Gross operating margin +€2,119
up €2,119 (+3.3%), from €64,266 to €66,384
- Taxes +€2,073
up €2,073 (+60.7%), from €3,417 to €5,489
- Other operating charges -€1,165
down €1,165 (-27.8%), from €4,187 to €3,022
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 | €820,017 | €802,796 | -€17,221 | -2.1% |
| Fixed assets | 21/28 | €807,676 | €784,106 | -€23,570 | -2.9% |
| Tangible fixed assets | 22/27 | €314,202 | €290,632 | -€23,570 | -7.5% |
| Land and buildings | 22 | €314,202 | €290,632 | -€23,570 | -7.5% |
| Financial fixed assets | 28 | €493,474 | €493,474 | = | 0.0% |
| Current assets | 29/58 | €12,341 | €18,690 | +€6,349 | +51.4% |
| Amounts receivable within one year | 40/41 | €11,747 | €10,164 | -€1,583 | -13.5% |
| Trade receivables | 40 | €10,164 | €10,164 | = | 0.0% |
| Other amounts receivable | 41 | €1,583 | - | -€1,583 | |
| Cash at bank and in hand | 54/58 | €594 | €8,318 | +€7,724 | +1301.2% |
| Deferred charges and accrued income | 490/1 | - | €208 | +€208 | |
| Total equity and liabilities | 10/49 | €820,017 | €802,796 | -€17,221 | -2.1% |
| Equity | 10/15 | €391,932 | €413,137 | +€21,205 | +5.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €364,432 | €385,637 | +€21,205 | +5.8% |
| Amounts payable | 17/49 | €428,085 | €389,659 | -€38,426 | -9.0% |
| Amounts payable after more than one year | 17 | €319,464 | €301,590 | -€17,875 | -5.6% |
| Financial debts | 170/4 | €319,464 | €301,590 | -€17,875 | -5.6% |
| Amounts payable within one year | 42/48 | €108,621 | €86,969 | -€21,652 | -19.9% |
| Current portion of amounts payable after more than one year | 42 | €65,699 | €22,480 | -€43,219 | -65.8% |
| Trade debts | 44 | €1,825 | €304 | -€1,521 | -83.3% |
| Suppliers | 440/4 | €1,825 | €304 | -€1,521 | -83.3% |
| Taxes, remuneration and social security | 45 | €3,278 | €8,867 | +€5,589 | +170.5% |
| Taxes | 450/3 | €826 | €6,415 | +€5,589 | +676.5% |
| Remuneration and social security | 454/9 | €2,452 | €2,452 | = | 0.0% |
| Other amounts payable | 47/48 | €37,818 | €55,318 | +€17,500 | +46.3% |
| Accrued charges and deferred income | 492/3 | - | €1,100 | +€1,100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,658 | €23,570 | -€5,088 | -17.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,228 | - | -€2,228 | |
| Other operating charges | 640/8 | €4,187 | €3,022 | -€1,165 | -27.8% |
| Gross operating margin | 9900 | €64,266 | €66,384 | +€2,119 | +3.3% |
| Operating profit (loss) | 9901 | €29,193 | €39,792 | +€10,599 | +36.3% |
| Financial income | 75/76B | €0 | €13 | +€13 | +3334.2% |
| Recurring financial income | 75 | €0 | €13 | +€13 | +3334.2% |
| Financial charges | 65/66B | €13,081 | €13,111 | +€30 | +0.2% |
| Recurring financial charges | 65 | €13,081 | €13,111 | +€30 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | €16,113 | €26,694 | +€10,581 | +65.7% |
| Income taxes | 67/77 | €3,417 | €5,489 | +€2,073 | +60.7% |
| Profit (loss) for the period | 9904 | €12,696 | €21,205 | +€8,509 | +67.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,696 | €21,205 | +€8,509 | +67.0% |
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 7 October 2026 via checked.be.