ANNAM: 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.
ANNAM
Largest movements
- Cash +€71,361
up €71,361 (+20.7%), from €344,897 to €416,259
mainly Net result for the year (+€113,021) and Depreciation (+€24,080)
- Tangible fixed assets -€16,565
down €16,565 (-32.9%), from €50,377 to €33,812
of which Furniture and vehicles: -€10,460
- Reserves +€69,098
up €69,098 (+17.3%), from €399,070 to €468,168
- Debts after one year -€10,662
down €10,662 (-24.3%), from €43,812 to €33,149
- Depreciation +€6,997
up €6,997 (+41.0%), from €17,083 to €24,080
- Taxes +€3,376
up €3,376 (+6.5%), from €52,281 to €55,657
- Staff costs -€2,170
no longer reported in 2026 (was €2,170)
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €486,353 | €536,068 | +€49,715 | +10.2% |
| Fixed assets | 21/28 | €50,427 | €33,862 | -€16,565 | -32.8% |
| Tangible fixed assets | 22/27 | €50,377 | €33,812 | -€16,565 | -32.9% |
| Land and buildings | 22 | €12,043 | €5,938 | -€6,104 | -50.7% |
| Furniture and vehicles | 24 | €38,334 | €27,874 | -€10,460 | -27.3% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €435,926 | €502,205 | +€66,280 | +15.2% |
| Cash at bank and in hand | 54/58 | €344,897 | €416,259 | +€71,361 | +20.7% |
| Deferred charges and accrued income | 490/1 | €91,028 | €85,947 | -€5,082 | -5.6% |
| Total equity and liabilities | 10/49 | €486,353 | €536,068 | +€49,715 | +10.2% |
| Equity | 10/15 | €411,470 | €480,568 | +€69,098 | +16.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €399,070 | €468,168 | +€69,098 | +17.3% |
| Distributable reserves | 133 | €399,070 | €468,168 | +€69,098 | +17.3% |
| Amounts payable | 17/49 | €74,883 | €55,500 | -€19,383 | -25.9% |
| Amounts payable after more than one year | 17 | €43,812 | €33,149 | -€10,662 | -24.3% |
| Other amounts payable | 178/9 | €43,812 | €33,149 | -€10,662 | -24.3% |
| Amounts payable within one year | 42/48 | €31,071 | €22,350 | -€8,721 | -28.1% |
| Trade debts | 44 | €7,934 | €2,645 | -€5,289 | -66.7% |
| Suppliers | 440/4 | €7,934 | €2,645 | -€5,289 | -66.7% |
| Taxes, remuneration and social security | 45 | €22,444 | €18,854 | -€3,590 | -16.0% |
| Taxes | 450/3 | €22,444 | €18,854 | -€3,590 | -16.0% |
| Other amounts payable | 47/48 | €693 | €852 | +€159 | +22.9% |
| Remuneration, social security and pensions | 62 | €2,170 | - | -€2,170 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,083 | €24,080 | +€6,997 | +41.0% |
| Other operating charges | 640/8 | €3,206 | €3,429 | +€223 | +6.9% |
| Gross operating margin | 9900 | €192,477 | €193,619 | +€1,142 | +0.6% |
| Operating profit (loss) | 9901 | €170,018 | €166,110 | -€3,908 | -2.3% |
| Financial income | 75/76B | €2,792 | €2,679 | -€113 | -4.1% |
| Recurring financial income | 75 | €2,792 | €2,679 | -€113 | -4.1% |
| Financial charges | 65/66B | €178 | €111 | -€67 | -37.8% |
| Recurring financial charges | 65 | €178 | €111 | -€67 | -37.8% |
| Profit (loss) for the period before taxes | 9903 | €172,632 | €168,678 | -€3,954 | -2.3% |
| Income taxes | 67/77 | €52,281 | €55,657 | +€3,376 | +6.5% |
| Profit (loss) for the period | 9904 | €120,350 | €113,021 | -€7,330 | -6.1% |
| Profit (loss) for the period to be appropriated | 9905 | €120,350 | €113,021 | -€7,330 | -6.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.