ANNASR: 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.
ANNASR
Largest movements
- Stocks and contracts -€46,460
down €46,460 (-35.8%), from €129,890 to €83,430
- Receivables within one year +€6,889
up €6,889 (+168%), from €4,105 to €10,995
of which Other amounts receivable: +€6,889
- Cash +€3,573
up €3,573 (+8.2%), from €43,765 to €47,338
mainly Stocks and contracts (+€46,460) and Trade debts (+€43,129)
- Profit (loss) carried forward -€79,797
down €79,797, from €66,001 to -€13,797
- Trade debts +€43,129
up €43,129 (+184%), from €23,411 to €66,540
- Contributions +€5,000
up €5,000 (+5.9%), from €85,000 to €90,000
- Current portion of long-term debt -€2,433
down €2,433 (-100%), from €2,433 to €0
- Turnover -€186,832
down €186,832 (-17.9%), from €1.0m to €859,579
- Purchases and services -€155,599
down €155,599 (-17.1%), from €908,118 to €752,518
- Staff costs +€44,365
up €44,365 (+32.6%), from €136,197 to €180,563
- Gross operating margin -€31,200
down €31,200 (-22.5%), from €138,808 to €107,608
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 | €179,337 | €143,023 | -€36,314 | -20.2% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €1,577 | €1,261 | -€316 | -20.0% |
| Tangible fixed assets | 22/27 | €1,261 | €1,261 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,261 | €1,261 | = | 0.0% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €316 | €0 | -€316 | -100% |
| Current assets | 29/58 | €177,760 | €141,762 | -€35,998 | -20.3% |
| Stocks and contracts in progress | 3 | €129,890 | €83,430 | -€46,460 | -35.8% |
| Stocks | 30/36 | €129,890 | €83,430 | -€46,460 | -35.8% |
| Amounts receivable within one year | 40/41 | €4,105 | €10,995 | +€6,889 | +168% |
| Trade receivables | 40 | €0 | €0 | = | |
| Other amounts receivable | 41 | €4,105 | €10,995 | +€6,889 | +168% |
| Cash at bank and in hand | 54/58 | €43,765 | €47,338 | +€3,573 | +8.2% |
| Total equity and liabilities | 10/49 | €179,337 | €143,023 | -€36,314 | -20.2% |
| Equity | 10/15 | €151,281 | €76,484 | -€74,797 | -49.4% |
| Contributions | 10/11 | €85,000 | €90,000 | +€5,000 | +5.9% |
| Capital | 10 | €85,000 | €90,000 | +€5,000 | +5.9% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Uncalled capital | 101 | €65,000 | €60,000 | -€5,000 | -7.7% |
| Reserves | 13 | €280 | €280 | = | 0.0% |
| Non-distributable reserves | 130/1 | €280 | €280 | = | 0.0% |
| Legal reserve | 130 | €280 | €280 | = | 0.0% |
| Profit (loss) carried forward | 14 | €66,001 | -€13,797 | -€79,797 | |
| Amounts payable | 17/49 | €28,056 | €66,540 | +€38,484 | +137% |
| Amounts payable within one year | 42/48 | €28,056 | €66,540 | +€38,484 | +137% |
| Current portion of amounts payable after more than one year | 42 | €2,433 | €0 | -€2,433 | -100% |
| Trade debts | 44 | €23,411 | €66,540 | +€43,129 | +184% |
| Suppliers | 440/4 | €23,411 | €66,540 | +€43,129 | +184% |
| Taxes, remuneration and social security | 45 | €1,612 | €0 | -€1,612 | -100% |
| Taxes | 450/3 | €1,612 | €0 | -€1,612 | -100% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €600 | €0 | -€600 | -100% |
| Turnover | 70 | €1,046,411 | €859,579 | -€186,832 | -17.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €908,118 | €752,518 | -€155,599 | -17.1% |
| Remuneration, social security and pensions | 62 | €136,197 | €180,563 | +€44,365 | +32.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €880 | - | -€880 | |
| Other operating charges | 640/8 | €6,085 | €6,791 | +€707 | +11.6% |
| Gross operating margin | 9900 | €138,808 | €107,608 | -€31,200 | -22.5% |
| Operating profit (loss) | 9901 | -€4,354 | -€79,746 | -€75,392 | -1,732% |
| Financial charges | 65/66B | €267 | €51 | -€215 | -80.7% |
| Recurring financial charges | 65 | €267 | €51 | -€215 | -80.7% |
| Profit (loss) for the period before taxes | 9903 | -€4,620 | -€79,797 | -€75,177 | -1,627% |
| Profit (loss) for the period | 9904 | -€4,620 | -€79,797 | -€75,177 | -1,627% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,620 | -€79,797 | -€75,177 | -1,627% |
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 20 October 2026 via checked.be.