AnnDers: 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.
AnnDers
Largest movements
- Receivables within one year +€109,495
up €109,495 (+303%), from €36,158 to €145,653
of which Other amounts receivable: +€103,198
- Current investments -€75,118
down €75,118 (-29.9%), from €251,395 to €176,277
- Receivables after one year -€39,669
down €39,669 (-40.4%), from €98,107 to €58,438
- Tangible fixed assets -€10,017
down €10,017 (-31.9%), from €31,372 to €21,355
of which Furniture and vehicles: -€9,640
- Cash +€8,078
up €8,078 (+137%), from €5,896 to €13,975
mainly Current investments (+€75,118) and Net result for the year (+€72,060)
- Other debts -€76,982
down €76,982 (-93.8%), from €82,039 to €5,057
- Reserves +€72,060
up €72,060 (+22.2%), from €324,281 to €396,340
- Gross operating margin +€12,272
up €12,272 (+12.7%), from €96,391 to €108,663
- Taxes +€5,526
up €5,526 (+22.7%), from €24,382 to €29,909
- Financial income +€4,917
up €4,917 (+161%), from €3,049 to €7,967
- Depreciation -€1,891
down €1,891 (-13.1%), from €14,437 to €12,547
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 | €425,994 | €423,089 | -€2,904 | -0.7% |
| Fixed assets | 21/28 | €31,372 | €21,355 | -€10,017 | -31.9% |
| Tangible fixed assets | 22/27 | €31,372 | €21,355 | -€10,017 | -31.9% |
| Land and buildings | 22 | €5,285 | €6,983 | +€1,698 | +32.1% |
| Plant, machinery and equipment | 23 | €2,298 | €223 | -€2,075 | -90.3% |
| Furniture and vehicles | 24 | €23,789 | €14,149 | -€9,640 | -40.5% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €394,622 | €401,734 | +€7,112 | +1.8% |
| Amounts receivable after more than one year | 29 | €98,107 | €58,438 | -€39,669 | -40.4% |
| Other amounts receivable | 291 | €98,107 | €58,438 | -€39,669 | -40.4% |
| Amounts receivable within one year | 40/41 | €36,158 | €145,653 | +€109,495 | +303% |
| Trade receivables | 40 | €23,331 | €29,628 | +€6,297 | +27.0% |
| Other amounts receivable | 41 | €12,827 | €116,025 | +€103,198 | +805% |
| Current investments | 50/53 | €251,395 | €176,277 | -€75,118 | -29.9% |
| Cash at bank and in hand | 54/58 | €5,896 | €13,975 | +€8,078 | +137% |
| Deferred charges and accrued income | 490/1 | €3,065 | €7,391 | +€4,326 | +141% |
| Total equity and liabilities | 10/49 | €425,994 | €423,089 | -€2,904 | -0.7% |
| Equity | 10/15 | €330,481 | €402,540 | +€72,060 | +21.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €324,281 | €396,340 | +€72,060 | +22.2% |
| Distributable reserves | 133 | €324,281 | €396,340 | +€72,060 | +22.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €95,513 | €20,549 | -€74,964 | -78.5% |
| Amounts payable within one year | 42/48 | €95,041 | €19,503 | -€75,538 | -79.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | €3,379 | +€3,379 | |
| Financial debts | 43 | €325 | €1,409 | +€1,085 | +334% |
| Credit institutions | 430/8 | €325 | €1,409 | +€1,085 | +334% |
| Trade debts | 44 | €1,726 | €325 | -€1,401 | -81.2% |
| Suppliers | 440/4 | €1,726 | €325 | -€1,401 | -81.2% |
| Taxes, remuneration and social security | 45 | €10,952 | €9,333 | -€1,619 | -14.8% |
| Taxes | 450/3 | €10,952 | €9,333 | -€1,619 | -14.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €82,039 | €5,057 | -€76,982 | -93.8% |
| Accrued charges and deferred income | 492/3 | €472 | €1,046 | +€574 | +122% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,437 | €12,547 | -€1,891 | -13.1% |
| Other operating charges | 640/8 | €612 | €553 | -€59 | -9.6% |
| Gross operating margin | 9900 | €96,391 | €108,663 | +€12,272 | +12.7% |
| Operating profit (loss) | 9901 | €81,342 | €95,563 | +€14,221 | +17.5% |
| Financial income | 75/76B | €3,049 | €7,967 | +€4,917 | +161% |
| Recurring financial income | 75 | €3,049 | €7,967 | +€4,917 | +161% |
| Financial charges | 65/66B | €1,099 | €1,561 | +€462 | +42.1% |
| Recurring financial charges | 65 | €1,079 | €1,561 | +€482 | +44.7% |
| Non-recurring financial charges | 66B | €20 | €0 | -€20 | -100% |
| Profit (loss) for the period before taxes | 9903 | €83,292 | €101,968 | +€18,676 | +22.4% |
| Income taxes | 67/77 | €24,382 | €29,909 | +€5,526 | +22.7% |
| Profit (loss) for the period | 9904 | €58,909 | €72,060 | +€13,150 | +22.3% |
| Profit (loss) for the period to be appropriated | 9905 | €58,909 | €72,060 | +€13,150 | +22.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.