ANNAMAT: what changed
What changed
ANNAMAT
NACE 82.100, Office administrative and support services
filed annual accounts (NBB)
Net result for the year
€93,238
2024 · €154,996-€61,759
Equity
€1.3m
2024 · €1.2m+€93,238
Cash
€567,382
2024 · €843,519-€276,137
Balance sheet total
€2.9m
2024 · €2.9m+€41,021
Largest movements
Assets
- Tangible fixed assets +€303,096
up €303,096 (+17.9%), from €1.7m to €2.0m
of which Land and buildings: +€314,377
- Cash -€276,137
down €276,137 (-32.7%), from €843,519 to €567,382
mainly Investment in fixed assets (net) (-€416,199) and Trade debts (-€24,186)
Equity and liabilities
- Profit (loss) carried forward +€88,238
up €88,238 (+8.6%), from -€1.0m to -€943,129
Income statement
- Depreciation +€51,705
up €51,705 (+84.2%), from €61,398 to €113,103
- Financial income -€3,407
down €3,407 (-21.1%), from €16,155 to €12,748
- Financial charges +€2,602
up €2,602 (+5.0%), from €51,592 to €54,194
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€154,996
Gross operating margin
-€1,346
Staff costs
-€1,848
Depreciation
-€51,705
Other operating charges
-€848
Financial income
-€3,407
Financial charges
-€2,602
Taxes
-€2
Result 2025
€93,238
lowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€176,215
Investment
-€432,352
Financing
-€20,000
Cash 2024
€843,519
From operations (derived)
+€176,215
Net result for the year
+€93,238
Depreciation
+€113,103
Receivables within one year
+€4,067
Deferred charges and accrued income
-€1,976
Trade debts
-€24,186
Tax, wage and social debts
-€8,230
Smaller working-capital items
+€200
Investment (derived)
-€432,352
Investment in fixed assets (net)
-€416,199
Current investments
-€16,153
Financing
-€20,000
Debts after one year
-€20,000
Cash 2025
€567,382
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,906,094 | €2,947,115 | +€41,021 | +1.4% |
| Fixed assets | 21/28 | €1,693,203 | €1,996,299 | +€303,096 | +17.9% |
| Tangible fixed assets | 22/27 | €1,693,203 | €1,996,299 | +€303,096 | +17.9% |
| Land and buildings | 22 | €1,627,608 | €1,941,985 | +€314,377 | +19.3% |
| Plant, machinery and equipment | 23 | €54,313 | €53,393 | -€920 | -1.7% |
| Furniture and vehicles | 24 | €11,282 | €921 | -€10,361 | -91.8% |
| Current assets | 29/58 | €1,212,891 | €950,816 | -€262,075 | -21.6% |
| Amounts receivable within one year | 40/41 | €19,854 | €15,786 | -€4,067 | -20.5% |
| Trade receivables | 40 | €16,913 | €9,247 | -€7,666 | -45.3% |
| Other amounts receivable | 41 | €2,940 | €6,539 | +€3,598 | +122% |
| Current investments | 50/53 | €346,815 | €362,968 | +€16,153 | +4.7% |
| Cash at bank and in hand | 54/58 | €843,519 | €567,382 | -€276,137 | -32.7% |
| Deferred charges and accrued income | 490/1 | €2,703 | €4,680 | +€1,976 | +73.1% |
| Total equity and liabilities | 10/49 | €2,906,094 | €2,947,115 | +€41,021 | +1.4% |
| Equity | 10/15 | €1,164,638 | €1,257,875 | +€93,238 | +8.0% |
| Contributions | 10/11 | €1,965,000 | €1,965,000 | = | 0.0% |
| Capital | 10 | €1,965,000 | €1,965,000 | = | 0.0% |
| Issued capital | 100 | €1,965,000 | €1,965,000 | = | 0.0% |
| Reserves | 13 | €231,005 | €236,005 | +€5,000 | +2.2% |
| Non-distributable reserves | 130/1 | €62,372 | €67,372 | +€5,000 | +8.0% |
| Legal reserve | 130 | €62,000 | €67,000 | +€5,000 | +8.1% |
| Other | 1319 | €372 | €372 | = | 0.0% |
| Tax-exempt reserves | 132 | €21,633 | €21,633 | = | 0.0% |
| Distributable reserves | 133 | €147,000 | €147,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,031,367 | -€943,129 | +€88,238 | +8.6% |
| Amounts payable | 17/49 | €1,741,457 | €1,689,240 | -€52,217 | -3.0% |
| Amounts payable after more than one year | 17 | €1,660,000 | €1,640,000 | -€20,000 | -1.2% |
| Other amounts payable | 178/9 | €1,660,000 | €1,640,000 | -€20,000 | -1.2% |
| Amounts payable within one year | 42/48 | €81,457 | €49,054 | -€32,403 | -39.8% |
| Trade debts | 44 | €32,082 | €7,896 | -€24,186 | -75.4% |
| Suppliers | 440/4 | €32,082 | €7,896 | -€24,186 | -75.4% |
| Taxes, remuneration and social security | 45 | €48,983 | €40,752 | -€8,230 | -16.8% |
| Taxes | 450/3 | €48,983 | €40,752 | -€8,230 | -16.8% |
| Other amounts payable | 47/48 | €392 | €406 | +€14 | +3.5% |
| Accrued charges and deferred income | 492/3 | - | €186 | +€186 | |
| Remuneration, social security and pensions | 62 | - | €1,848 | +€1,848 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,398 | €113,103 | +€51,705 | +84.2% |
| Other operating charges | 640/8 | €1,086 | €1,934 | +€848 | +78.1% |
| Gross operating margin | 9900 | €252,972 | €251,625 | -€1,346 | -0.5% |
| Operating profit (loss) | 9901 | €190,488 | €134,740 | -€55,748 | -29.3% |
| Financial income | 75/76B | €16,155 | €12,748 | -€3,407 | -21.1% |
| Recurring financial income | 75 | €16,155 | €12,748 | -€3,407 | -21.1% |
| Financial charges | 65/66B | €51,592 | €54,194 | +€2,602 | +5.0% |
| Recurring financial charges | 65 | €51,592 | €54,194 | +€2,602 | +5.0% |
| Profit (loss) for the period before taxes | 9903 | €155,051 | €93,294 | -€61,757 | -39.8% |
| Income taxes | 67/77 | €54 | €56 | +€2 | +3.1% |
| Profit (loss) for the period | 9904 | €154,996 | €93,238 | -€61,759 | -39.8% |
| Profit (loss) for the period to be appropriated | 9905 | €154,996 | €93,238 | -€61,759 | -39.8% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.