ANNAMUS: 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.
ANNAMUS
Largest movements
- Cash +€45,875
up €45,875 (+1,530%), from €2,998 to €48,873
mainly Net result for the year (+€125,059) and Depreciation (+€28,936)
- Tangible fixed assets -€28,936
down €28,936 (-2.5%), from €1.2m to €1.2m
of which Land and buildings: -€27,267
- Debts after one year -€81,060
down €81,060 (-21.1%), from €383,815 to €302,755
- Reserves +€65,032
up €65,032 (+6.1%), from €1.1m to €1.1m
of which Distributable reserves: +€65,032
- Tax, wage and social debts +€16,844
up €16,844 (+146%), from €11,504 to €28,347
- Depreciation -€19,541
down €19,541 (-40.3%), from €48,477 to €28,936
- Gross operating margin +€17,203
up €17,203 (+8.6%), from €199,052 to €216,255
- Taxes +€14,269
up €14,269 (+37.4%), from €38,117 to €52,386
- Other operating charges -€4,831
down €4,831 (-38.1%), from €12,692 to €7,861
- Financial charges -€4,309
down €4,309 (-24.7%), from €17,468 to €13,159
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 | €1,583,759 | €1,589,404 | +€5,645 | +0.4% |
| Fixed assets | 21/28 | €1,180,959 | €1,152,023 | -€28,936 | -2.5% |
| Tangible fixed assets | 22/27 | €1,180,959 | €1,152,023 | -€28,936 | -2.5% |
| Land and buildings | 22 | €1,143,027 | €1,115,760 | -€27,267 | -2.4% |
| Furniture and vehicles | 24 | €1,669 | - | -€1,669 | |
| Other tangible fixed assets | 26 | €36,263 | €36,263 | = | 0.0% |
| Current assets | 29/58 | €402,800 | €437,381 | +€34,581 | +8.6% |
| Amounts receivable after more than one year | 29 | €230,000 | €230,000 | = | 0.0% |
| Other amounts receivable | 291 | €230,000 | €230,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €163,792 | €152,525 | -€11,267 | -6.9% |
| Trade receivables | 40 | - | €5,173 | +€5,173 | |
| Other amounts receivable | 41 | €163,792 | €147,352 | -€16,440 | -10.0% |
| Current investments | 50/53 | €38 | €11 | -€27 | -70.9% |
| Cash at bank and in hand | 54/58 | €2,998 | €48,873 | +€45,875 | +1,530% |
| Deferred charges and accrued income | 490/1 | €5,972 | €5,972 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,583,759 | €1,589,404 | +€5,645 | +0.4% |
| Equity | 10/15 | €1,077,976 | €1,143,008 | +€65,032 | +6.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,059,376 | €1,124,408 | +€65,032 | +6.1% |
| Tax-exempt reserves | 132 | €10,745 | €10,745 | = | 0.0% |
| Distributable reserves | 133 | €1,048,631 | €1,113,663 | +€65,032 | +6.2% |
| Amounts payable | 17/49 | €505,783 | €446,396 | -€59,387 | -11.7% |
| Amounts payable after more than one year | 17 | €383,815 | €302,755 | -€81,060 | -21.1% |
| Financial debts | 170/4 | €383,815 | €302,755 | -€81,060 | -21.1% |
| Amounts payable within one year | 42/48 | €113,142 | €136,189 | +€23,047 | +20.4% |
| Current portion of amounts payable after more than one year | 42 | €79,959 | €82,477 | +€2,518 | +3.1% |
| Financial debts | 43 | €20,639 | €20,548 | -€91 | -0.4% |
| Other loans | 439 | €20,639 | €20,548 | -€91 | -0.4% |
| Trade debts | 44 | - | €3,777 | +€3,777 | |
| Suppliers | 440/4 | - | €3,777 | +€3,777 | |
| Taxes, remuneration and social security | 45 | €11,504 | €28,347 | +€16,844 | +146% |
| Taxes | 450/3 | €11,504 | €28,347 | +€16,844 | +146% |
| Other amounts payable | 47/48 | €1,040 | €1,040 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €8,827 | €7,452 | -€1,375 | -15.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,477 | €28,936 | -€19,541 | -40.3% |
| Other operating charges | 640/8 | €12,692 | €7,861 | -€4,831 | -38.1% |
| Gross operating margin | 9900 | €199,052 | €216,255 | +€17,203 | +8.6% |
| Operating profit (loss) | 9901 | €137,883 | €179,458 | +€41,575 | +30.2% |
| Financial income | 75/76B | €10,177 | €11,146 | +€969 | +9.5% |
| Recurring financial income | 75 | €10,177 | €11,146 | +€969 | +9.5% |
| Financial charges | 65/66B | €17,468 | €13,159 | -€4,309 | -24.7% |
| Recurring financial charges | 65 | €17,468 | €13,159 | -€4,309 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | €130,592 | €177,445 | +€46,852 | +35.9% |
| Income taxes | 67/77 | €38,117 | €52,386 | +€14,269 | +37.4% |
| Profit (loss) for the period | 9904 | €92,476 | €125,059 | +€32,584 | +35.2% |
| Profit (loss) for the period to be appropriated | 9905 | €92,476 | €125,059 | +€32,584 | +35.2% |
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 18 October 2026 via checked.be.