ANNE DE CORS: 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.
ANNE DE CORS
Largest movements
- Cash +€50,723
up €50,723 (+54.4%), from €93,206 to €143,929
mainly Net result for the year (+€52,631) and Tax, wage and social debts (+€5,730)
- Receivables within one year +€6,504
up €6,504 (+42.6%), from €15,267 to €21,770
of which Trade receivables: +€7,691
- Reserves +€52,631
up €52,631 (+46.4%), from €113,480 to €166,111
of which Distributable reserves: +€52,631
- Tax, wage and social debts +€5,730
up €5,730 (+76.1%), from €7,533 to €13,263
- Gross operating margin +€35,833
up €35,833 (+84.3%), from €42,506 to €78,340
- Taxes +€11,995
up €11,995 (+86.9%), from €13,798 to €25,793
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 | €211,434 | €267,634 | +€56,200 | +26.6% |
| Fixed assets | 21/28 | €1,594 | €828 | -€766 | -48.1% |
| Tangible fixed assets | 22/27 | €1,569 | €803 | -€766 | -48.8% |
| Furniture and vehicles | 24 | €1,569 | €803 | -€766 | -48.8% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €209,841 | €266,807 | +€56,966 | +27.1% |
| Amounts receivable within one year | 40/41 | €15,267 | €21,770 | +€6,504 | +42.6% |
| Trade receivables | 40 | €14,079 | €21,770 | +€7,691 | +54.6% |
| Other amounts receivable | 41 | €1,187 | €0 | -€1,187 | -100% |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €93,206 | €143,929 | +€50,723 | +54.4% |
| Deferred charges and accrued income | 490/1 | €1,368 | €1,107 | -€261 | -19.0% |
| Total equity and liabilities | 10/49 | €211,434 | €267,634 | +€56,200 | +26.6% |
| Equity | 10/15 | €156,181 | €208,812 | +€52,631 | +33.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €113,480 | €166,111 | +€52,631 | +46.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €111,620 | €164,251 | +€52,631 | +47.2% |
| Profit (loss) carried forward | 14 | €36,501 | €36,501 | = | 0.0% |
| Amounts payable | 17/49 | €55,253 | €58,822 | +€3,569 | +6.5% |
| Amounts payable within one year | 42/48 | €55,253 | €58,822 | +€3,569 | +6.5% |
| Trade debts | 44 | €1,324 | €913 | -€411 | -31.1% |
| Suppliers | 440/4 | €1,324 | €913 | -€411 | -31.1% |
| Taxes, remuneration and social security | 45 | €7,533 | €13,263 | +€5,730 | +76.1% |
| Taxes | 450/3 | €7,533 | €13,263 | +€5,730 | +76.1% |
| Other amounts payable | 47/48 | €46,395 | €44,646 | -€1,749 | -3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €948 | €766 | -€182 | -19.2% |
| Other operating charges | 640/8 | €574 | €601 | +€26 | +4.6% |
| Non-recurring operating charges | 66A | €303 | €0 | -€303 | -100% |
| Gross operating margin | 9900 | €42,506 | €78,340 | +€35,833 | +84.3% |
| Operating profit (loss) | 9901 | €40,681 | €76,973 | +€36,292 | +89.2% |
| Financial income | 75/76B | €1,633 | €1,652 | +€19 | +1.2% |
| Recurring financial income | 75 | €1,633 | €1,652 | +€19 | +1.2% |
| Financial charges | 65/66B | €182 | €200 | +€18 | +9.9% |
| Recurring financial charges | 65 | €182 | €200 | +€18 | +9.9% |
| Profit (loss) for the period before taxes | 9903 | €42,131 | €78,424 | +€36,293 | +86.1% |
| Income taxes | 67/77 | €13,798 | €25,793 | +€11,995 | +86.9% |
| Profit (loss) for the period | 9904 | €28,333 | €52,631 | +€24,298 | +85.8% |
| Profit (loss) for the period to be appropriated | 9905 | €28,333 | €52,631 | +€24,298 | +85.8% |
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.