ANNE DE PAUW: what changed
What changed
ANNE DE PAUW
filed annual accounts (NBB)
Net result for the year
€5,878
2024 · €7,196-€1,318
Equity
€343,524
2024 · €338,479+€5,045
Cash
€40,583
2024 · €81,662-€41,079
Balance sheet total
€415,863
2024 · €409,347+€6,516
Largest movements
Assets
- Current investments +€52,800
up €52,800 (+17.3%), from €305,000 to €357,800
- Cash -€41,079
down €41,079 (-50.3%), from €81,662 to €40,583
mainly Current investments (-€52,800) and Trade debts (-€4,535)
Equity and liabilities
- Reserves +€5,878
up €5,878 (+6.1%), from €96,096 to €101,974
of which Distributable reserves: +€9,351
- Trade debts -€4,535
down €4,535 (-85.3%), from €5,318 to €783
Income statement
- Financial income -€5,216
down €5,216 (-48.7%), from €10,702 to €5,486
- Gross operating margin +€3,321
up €3,321 (+36.3%), from €9,153 to €12,474
- Taxes -€418
down €418 (-9.7%), from €4,324 to €3,906
- Financial charges -€232
down €232 (-4.7%), from €4,985 to €4,752
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€7,196
Gross operating margin
+€3,321
Depreciation
-€0
Other operating charges
-€74
Financial income
-€5,216
Financial charges
+€232
Taxes
+€418
Result 2025
€5,878
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€12,553
Investment
-€52,800
Financing
-€833
Cash 2024
€81,662
From operations (derived)
+€12,553
Net result for the year
+€5,878
Depreciation
+€1,057
Deferred charges and accrued income
+€4,148
Trade debts
-€4,535
Tax, wage and social debts
+€2,148
Other debts
+€3,783
Accrued charges and deferred income
+€75
Investment (derived)
-€52,800
Current investments
-€52,800
Financing
-€833
Contributions, distributions and other
-€833
Cash 2025
€40,583
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €409,347 | €415,863 | +€6,516 | +1.6% |
| Fixed assets | 21/28 | €14,680 | €13,623 | -€1,057 | -7.2% |
| Tangible fixed assets | 22/27 | €14,680 | €13,623 | -€1,057 | -7.2% |
| Land and buildings | 22 | €10,920 | €10,920 | = | 0.0% |
| Furniture and vehicles | 24 | €789 | €499 | -€290 | -36.8% |
| Other tangible fixed assets | 26 | €2,971 | €2,204 | -€767 | -25.8% |
| Current assets | 29/58 | €394,668 | €402,241 | +€7,573 | +1.9% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €305,000 | €357,800 | +€52,800 | +17.3% |
| Cash at bank and in hand | 54/58 | €81,662 | €40,583 | -€41,079 | -50.3% |
| Deferred charges and accrued income | 490/1 | €8,006 | €3,858 | -€4,148 | -51.8% |
| Total equity and liabilities | 10/49 | €409,347 | €415,863 | +€6,516 | +1.6% |
| Equity | 10/15 | €338,479 | €343,524 | +€5,045 | +1.5% |
| Contributions | 10/11 | €214,500 | €214,500 | = | 0.0% |
| Reserves | 13 | €96,096 | €101,974 | +€5,878 | +6.1% |
| Non-distributable reserves | 130/1 | €3,473 | €0 | -€3,473 | -100% |
| Reserves not available under the articles | 1311 | €3,473 | €0 | -€3,473 | -100% |
| Tax-exempt reserves | 132 | €47,142 | €47,142 | = | 0.0% |
| Distributable reserves | 133 | €45,480 | €54,831 | +€9,351 | +20.6% |
| Profit (loss) carried forward | 14 | €27,883 | €27,050 | -€833 | -3.0% |
| Amounts payable | 17/49 | €70,869 | €72,340 | +€1,471 | +2.1% |
| Amounts payable within one year | 42/48 | €69,748 | €71,144 | +€1,396 | +2.0% |
| Trade debts | 44 | €5,318 | €783 | -€4,535 | -85.3% |
| Suppliers | 440/4 | €5,318 | €783 | -€4,535 | -85.3% |
| Taxes, remuneration and social security | 45 | €2,780 | €4,928 | +€2,148 | +77.2% |
| Taxes | 450/3 | €2,780 | €4,928 | +€2,148 | +77.2% |
| Other amounts payable | 47/48 | €61,650 | €65,433 | +€3,783 | +6.1% |
| Accrued charges and deferred income | 492/3 | €1,121 | €1,196 | +€75 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,057 | €1,057 | +€0 | 0.0% |
| Other operating charges | 640/8 | €2,293 | €2,367 | +€74 | +3.2% |
| Gross operating margin | 9900 | €9,153 | €12,474 | +€3,321 | +36.3% |
| Operating profit (loss) | 9901 | €5,803 | €9,050 | +€3,247 | +56.0% |
| Financial income | 75/76B | €10,702 | €5,486 | -€5,216 | -48.7% |
| Recurring financial income | 75 | €10,702 | €5,486 | -€5,216 | -48.7% |
| Financial charges | 65/66B | €4,985 | €4,752 | -€232 | -4.7% |
| Recurring financial charges | 65 | €4,985 | €4,752 | -€232 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | €11,521 | €9,784 | -€1,736 | -15.1% |
| Income taxes | 67/77 | €4,324 | €3,906 | -€418 | -9.7% |
| Profit (loss) for the period | 9904 | €7,196 | €5,878 | -€1,318 | -18.3% |
| Profit (loss) for the period to be appropriated | 9905 | €7,196 | €5,878 | -€1,318 | -18.3% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.