Anne Dory: 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 Dory
Largest movements
- Deferred charges and accrued income +€24,579
new in 2025: €24,579
- Tangible fixed assets +€20,222
up €20,222 (+1,522%), from €1,329 to €21,551
- Intangible fixed assets -€2,330
down €2,330 (-41.5%), from €5,609 to €3,279
- Cash -€568
down €568 (-35.6%), from €1,595 to €1,027
mainly Deferred charges and accrued income (-€24,579) and Investment in fixed assets (net) (-€22,100)
- Other debts +€48,832
up €48,832 (+198%), from €24,640 to €73,473
- Profit (loss) carried forward -€10,229
down €10,229 (-59.4%), from -€17,220 to -€27,449
- Tax, wage and social debts +€2,510
up €2,510 (+961%), from €261 to €2,771
- Trade debts +€1,013
up €1,013 (+29,878%), from €3 to €1,016
- Depreciation +€1,363
up €1,363 (+43.6%), from €3,123 to €4,485
- Gross operating margin +€1,024
up €1,024 (+15.7%), from -€6,522 to -€5,498
- Other operating charges +€112
up €112 (+650%), from €17 to €130
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 | €9,185 | €50,811 | +€41,626 | +453% |
| Formation expenses | 20 | €652 | €375 | -€277 | -42.5% |
| Fixed assets | 21/28 | €6,938 | €24,830 | +€17,892 | +258% |
| Intangible fixed assets | 21 | €5,609 | €3,279 | -€2,330 | -41.5% |
| Tangible fixed assets | 22/27 | €1,329 | €21,551 | +€20,222 | +1,522% |
| Furniture and vehicles | 24 | €1,329 | €21,551 | +€20,222 | +1,522% |
| Current assets | 29/58 | €1,595 | €25,606 | +€24,012 | +1,506% |
| Cash at bank and in hand | 54/58 | €1,595 | €1,027 | -€568 | -35.6% |
| Deferred charges and accrued income | 490/1 | - | €24,579 | +€24,579 | |
| Total equity and liabilities | 10/49 | €9,185 | €50,811 | +€41,626 | +453% |
| Equity | 10/15 | -€16,220 | -€26,449 | -€10,229 | -63.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,220 | -€27,449 | -€10,229 | -59.4% |
| Amounts payable | 17/49 | €25,405 | €77,260 | +€51,855 | +204% |
| Amounts payable within one year | 42/48 | €24,905 | €77,260 | +€52,355 | +210% |
| Trade debts | 44 | €3 | €1,016 | +€1,013 | +29,878% |
| Suppliers | 440/4 | €3 | €1,016 | +€1,013 | +29,878% |
| Taxes, remuneration and social security | 45 | €261 | €2,771 | +€2,510 | +961% |
| Taxes | 450/3 | €261 | €2,771 | +€2,510 | +961% |
| Other amounts payable | 47/48 | €24,640 | €73,473 | +€48,832 | +198% |
| Accrued charges and deferred income | 492/3 | €500 | - | -€500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,123 | €4,485 | +€1,363 | +43.6% |
| Other operating charges | 640/8 | €17 | €130 | +€112 | +650% |
| Gross operating margin | 9900 | -€6,522 | -€5,498 | +€1,024 | +15.7% |
| Operating profit (loss) | 9901 | -€9,661 | -€10,113 | -€452 | -4.7% |
| Financial charges | 65/66B | €119 | €68 | -€51 | -42.9% |
| Recurring financial charges | 65 | €119 | €68 | -€51 | -42.9% |
| Non-recurring financial charges | 66B | €119 | €68 | -€51 | -42.9% |
| Profit (loss) for the period before taxes | 9903 | -€9,780 | -€10,181 | -€401 | -4.1% |
| Income taxes | 67/77 | - | €48 | +€48 | |
| Profit (loss) for the period | 9904 | -€9,780 | -€10,229 | -€449 | -4.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,780 | -€10,229 | -€449 | -4.6% |
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 16 October 2026 via checked.be.