ANNARITA: 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.
ANNARITA
Largest movements
- Cash -€1.1m
down €1.1m (-68.3%), from €1.6m to €513,734
mainly Current investments (-€1.0m) and Contributions, distributions and other (-€157,661)
- Current investments +€1.0m
new in 2025: €1.0m
- Tangible fixed assets -€110,837
down €110,837 (-7.0%), from €1.6m to €1.5m
of which Land and buildings: -€112,980
- Receivables after one year -€83,880
down €83,880 (-18.8%), from €447,212 to €363,332
- Receivables within one year +€60,339
up €60,339 (+180%), from €33,458 to €93,796
of which Other amounts receivable: +€69,473
- Reserves -€157,661
down €157,661 (-6.4%), from €2.5m to €2.3m
- Profit (loss) carried forward -€51,940
down €51,940 (-11.9%), from €438,243 to €386,302
- Financial income -€77,546
down €77,546 (-89.5%), from €86,650 to €9,104
- Gross operating margin -€19,676
down €19,676 (-17.8%), from €110,708 to €91,032
- Financial charges +€7,232
up €7,232 (+251%), from €2,884 to €10,116
- Taxes -€5,097
down €5,097 (-90.9%), from €5,607 to €510
- Depreciation +€1,296
up €1,296 (+1.0%), from €124,600 to €125,896
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 | €4,195,305 | €3,953,075 | -€242,231 | -5.8% |
| Fixed assets | 21/28 | €1,919,390 | €1,808,553 | -€110,837 | -5.8% |
| Tangible fixed assets | 22/27 | €1,579,390 | €1,468,553 | -€110,837 | -7.0% |
| Land and buildings | 22 | €1,578,085 | €1,465,105 | -€112,980 | -7.2% |
| Plant, machinery and equipment | 23 | €1,305 | €905 | -€400 | -30.6% |
| Furniture and vehicles | 24 | - | €2,542 | +€2,542 | |
| Financial fixed assets | 28 | €340,000 | €340,000 | = | 0.0% |
| Current assets | 29/58 | €2,275,915 | €2,144,522 | -€131,393 | -5.8% |
| Amounts receivable after more than one year | 29 | €447,212 | €363,332 | -€83,880 | -18.8% |
| Other amounts receivable | 291 | €447,212 | €363,332 | -€83,880 | -18.8% |
| Stocks and contracts in progress | 3 | €168,815 | €168,815 | = | 0.0% |
| Stocks | 30/36 | €168,815 | €168,815 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €33,458 | €93,796 | +€60,339 | +180% |
| Trade receivables | 40 | €17,216 | €8,082 | -€9,134 | -53.1% |
| Other amounts receivable | 41 | €16,241 | €85,714 | +€69,473 | +428% |
| Current investments | 50/53 | - | €1,004,827 | +€1.0m | |
| Cash at bank and in hand | 54/58 | €1,622,917 | €513,734 | -€1.1m | -68.3% |
| Deferred charges and accrued income | 490/1 | €3,514 | €18 | -€3,496 | -99.5% |
| Total equity and liabilities | 10/49 | €4,195,305 | €3,953,075 | -€242,231 | -5.8% |
| Equity | 10/15 | €3,860,898 | €3,651,296 | -€209,602 | -5.4% |
| Contributions | 10/11 | €964,866 | €964,866 | = | 0.0% |
| Reserves | 13 | €2,457,789 | €2,300,128 | -€157,661 | -6.4% |
| Distributable reserves | 133 | €2,457,789 | €2,300,128 | -€157,661 | -6.4% |
| Profit (loss) carried forward | 14 | €438,243 | €386,302 | -€51,940 | -11.9% |
| Amounts payable | 17/49 | €334,407 | €301,778 | -€32,629 | -9.8% |
| Amounts payable after more than one year | 17 | €2,875 | €2,875 | = | 0.0% |
| Financial debts | 170/4 | €2,875 | €2,875 | = | 0.0% |
| Amounts payable within one year | 42/48 | €331,532 | €298,903 | -€32,629 | -9.8% |
| Trade debts | 44 | €300,076 | €289,825 | -€10,250 | -3.4% |
| Suppliers | 440/4 | €300,076 | €289,825 | -€10,250 | -3.4% |
| Taxes, remuneration and social security | 45 | €22,213 | €8,507 | -€13,706 | -61.7% |
| Taxes | 450/3 | €22,213 | €8,507 | -€13,706 | -61.7% |
| Other amounts payable | 47/48 | €9,244 | €571 | -€8,673 | -93.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €124,600 | €125,896 | +€1,296 | +1.0% |
| Other operating charges | 640/8 | €16,159 | €15,555 | -€604 | -3.7% |
| Gross operating margin | 9900 | €110,708 | €91,032 | -€19,676 | -17.8% |
| Operating profit (loss) | 9901 | -€30,051 | -€50,419 | -€20,368 | -67.8% |
| Financial income | 75/76B | €86,650 | €9,104 | -€77,546 | -89.5% |
| Recurring financial income | 75 | €86,650 | €9,104 | -€77,546 | -89.5% |
| Financial charges | 65/66B | €2,884 | €10,116 | +€7,232 | +251% |
| Recurring financial charges | 65 | €2,884 | €10,116 | +€7,232 | +251% |
| Profit (loss) for the period before taxes | 9903 | €53,716 | -€51,430 | -€105,146 | |
| Income taxes | 67/77 | €5,607 | €510 | -€5,097 | -90.9% |
| Profit (loss) for the period | 9904 | €48,108 | -€51,940 | -€100,049 | |
| Profit (loss) for the period to be appropriated | 9905 | €48,108 | -€51,940 | -€100,049 |
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 26 October 2026 via checked.be.