ANNAPURNA CONSULT: 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.
ANNAPURNA CONSULT
Largest movements
- Cash +€24,539
up €24,539 (+325%), from €7,544 to €32,083
mainly Trade debts (+€47,717) and Depreciation (+€8,183)
- Tangible fixed assets -€6,957
down €6,957 (-34.7%), from €20,042 to €13,086
of which Plant, machinery and equipment: -€3,984
- Receivables within one year -€5,644
down €5,644 (-16.3%), from €34,727 to €29,083
of which Trade receivables: -€5,692
- Trade debts +€47,717
up €47,717 (+131%), from €36,316 to €84,033
- Current portion of long-term debt -€21,757
down €21,757 (-55.4%), from €39,274 to €17,517
- Debts after one year -€16,903
no longer reported in 2025 (was €16,903)
- Profit (loss) carried forward +€7,270
up €7,270 (+7.0%), from -€104,409 to -€97,140
- Other debts -€5,905
down €5,905 (-64.9%), from €9,093 to €3,188
- Depreciation -€29,633
down €29,633 (-78.4%), from €37,816 to €8,183
- Financial charges -€9,309
down €9,309 (-83.3%), from €11,172 to €1,863
- Gross operating margin +€7,848
up €7,848 (+59.7%), from €13,136 to €20,984
- Other operating charges +€3,383
up €3,383 (+1,185%), from €285 to €3,668
- Taxes -€236
no longer reported in 2025 (was €236)
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 | €62,989 | €74,447 | +€11,458 | +18.2% |
| Fixed assets | 21/28 | €20,238 | €13,281 | -€6,957 | -34.4% |
| Tangible fixed assets | 22/27 | €20,042 | €13,086 | -€6,957 | -34.7% |
| Plant, machinery and equipment | 23 | €8,282 | €4,298 | -€3,984 | -48.1% |
| Furniture and vehicles | 24 | €11,761 | €8,787 | -€2,973 | -25.3% |
| Financial fixed assets | 28 | €196 | €196 | = | 0.0% |
| Current assets | 29/58 | €42,751 | €61,166 | +€18,415 | +43.1% |
| Amounts receivable within one year | 40/41 | €34,727 | €29,083 | -€5,644 | -16.3% |
| Trade receivables | 40 | €34,727 | €29,035 | -€5,692 | -16.4% |
| Other amounts receivable | 41 | €0 | €49 | +€49 | +485,900% |
| Cash at bank and in hand | 54/58 | €7,544 | €32,083 | +€24,539 | +325% |
| Deferred charges and accrued income | 490/1 | €480 | - | -€480 | |
| Total equity and liabilities | 10/49 | €62,989 | €74,447 | +€11,458 | +18.2% |
| Equity | 10/15 | -€46,108 | -€38,839 | +€7,270 | +15.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €39,709 | €39,709 | = | 0.0% |
| Tax-exempt reserves | 132 | €20,850 | €20,850 | = | 0.0% |
| Distributable reserves | 133 | €18,859 | €18,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€104,409 | -€97,140 | +€7,270 | +7.0% |
| Amounts payable | 17/49 | €109,097 | €113,286 | +€4,189 | +3.8% |
| Amounts payable after more than one year | 17 | €16,903 | - | -€16,903 | |
| Financial debts | 170/4 | €16,903 | - | -€16,903 | |
| Amounts payable within one year | 42/48 | €92,194 | €113,286 | +€21,092 | +22.9% |
| Current portion of amounts payable after more than one year | 42 | €39,274 | €17,517 | -€21,757 | -55.4% |
| Trade debts | 44 | €36,316 | €84,033 | +€47,717 | +131% |
| Suppliers | 440/4 | €36,316 | €84,033 | +€47,717 | +131% |
| Advances received on contracts in progress | 46 | - | €968 | +€968 | |
| Taxes, remuneration and social security | 45 | €7,511 | €7,579 | +€69 | +0.9% |
| Taxes | 450/3 | €7,511 | €7,579 | +€69 | +0.9% |
| Other amounts payable | 47/48 | €9,093 | €3,188 | -€5,905 | -64.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,816 | €8,183 | -€29,633 | -78.4% |
| Other operating charges | 640/8 | €285 | €3,668 | +€3,383 | +1,185% |
| Gross operating margin | 9900 | €13,136 | €20,984 | +€7,848 | +59.7% |
| Operating profit (loss) | 9901 | -€24,966 | €9,132 | +€34,098 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €11,172 | €1,863 | -€9,309 | -83.3% |
| Recurring financial charges | 65 | €11,172 | €1,863 | -€9,309 | -83.3% |
| Profit (loss) for the period before taxes | 9903 | -€36,138 | €7,270 | +€43,407 | |
| Income taxes | 67/77 | €236 | - | -€236 | |
| Profit (loss) for the period | 9904 | -€36,374 | €7,270 | +€43,643 | |
| Profit (loss) for the period to be appropriated | 9905 | -€36,374 | €7,270 | +€43,643 |
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 28 October 2026 via checked.be.