ANNALU: 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.
ANNALU
Largest movements
- Cash -€152,525
down €152,525 (-93.1%), from €163,807 to €11,282
mainly Investment in fixed assets (net) (-€100,972) and Net result for the year (-€56,782)
- Tangible fixed assets +€39,851
up €39,851 (+6.6%), from €606,659 to €646,510
of which Furniture and vehicles: +€35,634
- Receivables within one year +€17,214
up €17,214 (+60,231%), from €29 to €17,243
- Profit (loss) carried forward -€56,782
new in 2025: -€56,782
- Tax, wage and social debts -€35,055
down €35,055 (-49.3%), from €71,158 to €36,103
- Other debts +€29,085
up €29,085 (+3,160%), from €920 to €30,005
- Debts after one year -€25,280
down €25,280 (-6.0%), from €419,771 to €394,490
- Gross operating margin -€181,808
down €181,808 (-88.7%), from €204,954 to €23,146
- Taxes -€32,349
down €32,349 (-99.6%), from €32,490 to €141
- Depreciation +€18,797
up €18,797 (+44.4%), from €42,323 to €61,120
- Financial charges +€3,951
up €3,951 (+35.4%), from €11,155 to €15,106
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 | €839,917 | €748,410 | -€91,507 | -10.9% |
| Fixed assets | 21/28 | €606,659 | €646,510 | +€39,851 | +6.6% |
| Tangible fixed assets | 22/27 | €606,659 | €646,510 | +€39,851 | +6.6% |
| Land and buildings | 22 | €532,608 | €512,824 | -€19,784 | -3.7% |
| Plant, machinery and equipment | 23 | €74,051 | €98,052 | +€24,002 | +32.4% |
| Furniture and vehicles | 24 | - | €35,634 | +€35,634 | |
| Current assets | 29/58 | €233,258 | €101,900 | -€131,358 | -56.3% |
| Amounts receivable within one year | 40/41 | €29 | €17,243 | +€17,214 | +60,231% |
| Trade receivables | 40 | €29 | €17,243 | +€17,214 | +60,231% |
| Current investments | 50/53 | €69,422 | €72,422 | +€3,000 | +4.3% |
| Cash at bank and in hand | 54/58 | €163,807 | €11,282 | -€152,525 | -93.1% |
| Deferred charges and accrued income | 490/1 | - | €953 | +€953 | |
| Total equity and liabilities | 10/49 | €839,917 | €748,410 | -€91,507 | -10.9% |
| Equity | 10/15 | €314,480 | €257,698 | -€56,782 | -18.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €309,480 | €309,480 | = | 0.0% |
| Distributable reserves | 133 | €309,480 | €309,480 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€56,782 | -€56,782 | |
| Amounts payable | 17/49 | €525,436 | €490,712 | -€34,725 | -6.6% |
| Amounts payable after more than one year | 17 | €419,771 | €394,490 | -€25,280 | -6.0% |
| Financial debts | 170/4 | €419,771 | €394,490 | -€25,280 | -6.0% |
| Amounts payable within one year | 42/48 | €103,216 | €93,451 | -€9,764 | -9.5% |
| Current portion of amounts payable after more than one year | 42 | €24,430 | €25,280 | +€850 | +3.5% |
| Trade debts | 44 | €6,708 | €2,063 | -€4,645 | -69.2% |
| Suppliers | 440/4 | €6,708 | €2,063 | -€4,645 | -69.2% |
| Taxes, remuneration and social security | 45 | €71,158 | €36,103 | -€35,055 | -49.3% |
| Taxes | 450/3 | €71,158 | €36,103 | -€35,055 | -49.3% |
| Other amounts payable | 47/48 | €920 | €30,005 | +€29,085 | +3,160% |
| Accrued charges and deferred income | 492/3 | €2,450 | €2,770 | +€320 | +13.1% |
| Non-recurring operating income | 76A | - | €22,995 | +€22,995 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,323 | €61,120 | +€18,797 | +44.4% |
| Other operating charges | 640/8 | €2,096 | €3,926 | +€1,830 | +87.3% |
| Gross operating margin | 9900 | €204,954 | €23,146 | -€181,808 | -88.7% |
| Operating profit (loss) | 9901 | €160,535 | -€41,901 | -€202,435 | |
| Financial income | 75/76B | - | €365 | +€365 | |
| Recurring financial income | 75 | - | €365 | +€365 | |
| Financial charges | 65/66B | €11,155 | €15,106 | +€3,951 | +35.4% |
| Recurring financial charges | 65 | €11,155 | €15,106 | +€3,951 | +35.4% |
| Profit (loss) for the period before taxes | 9903 | €149,379 | -€56,641 | -€206,021 | |
| Income taxes | 67/77 | €32,490 | €141 | -€32,349 | -99.6% |
| Profit (loss) for the period | 9904 | €116,890 | -€56,782 | -€173,672 | |
| Profit (loss) for the period to be appropriated | 9905 | €116,890 | -€56,782 | -€173,672 |
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 14 October 2026 via checked.be.