Anne Roeckens: 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 Roeckens
Largest movements
- Current investments +€64,531
up €64,531 (+41.6%), from €155,000 to €219,531
- Cash +€17,368
up €17,368 (+29.5%), from €58,893 to €76,261
mainly Net result for the year (+€93,362) and Depreciation (+€7,979)
- Tangible fixed assets -€7,335
down €7,335 (-28.7%), from €25,588 to €18,254
of which Plant, machinery and equipment: -€6,719
- Reserves +€79,101
up €79,101 (+31.3%), from €252,561 to €331,662
- Trade debts -€6,512
down €6,512 (-89.4%), from €7,288 to €776
- Gross operating margin +€7,186
up €7,186 (+5.8%), from €123,900 to €131,087
- Depreciation -€4,358
down €4,358 (-35.3%), from €12,337 to €7,979
- Financial income +€3,859
up €3,859 (+142%), from €2,724 to €6,583
- Taxes +€3,088
up €3,088 (+9.6%), from €32,324 to €35,412
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 | €260,349 | €334,368 | +€74,019 | +28.4% |
| Fixed assets | 21/28 | €25,588 | €18,254 | -€7,335 | -28.7% |
| Tangible fixed assets | 22/27 | €25,588 | €18,254 | -€7,335 | -28.7% |
| Plant, machinery and equipment | 23 | €24,745 | €18,026 | -€6,719 | -27.2% |
| Furniture and vehicles | 24 | €843 | €228 | -€615 | -73.0% |
| Current assets | 29/58 | €234,761 | €316,114 | +€81,353 | +34.7% |
| Amounts receivable within one year | 40/41 | €19,403 | €19,470 | +€68 | +0.3% |
| Other amounts receivable | 41 | €19,403 | €19,470 | +€68 | +0.3% |
| Current investments | 50/53 | €155,000 | €219,531 | +€64,531 | +41.6% |
| Cash at bank and in hand | 54/58 | €58,893 | €76,261 | +€17,368 | +29.5% |
| Deferred charges and accrued income | 490/1 | €1,465 | €852 | -€613 | -41.9% |
| Total equity and liabilities | 10/49 | €260,349 | €334,368 | +€74,019 | +28.4% |
| Equity | 10/15 | €252,561 | €331,662 | +€79,101 | +31.3% |
| Reserves | 13 | €252,561 | €331,662 | +€79,101 | +31.3% |
| Distributable reserves | 133 | €252,561 | €331,662 | +€79,101 | +31.3% |
| Amounts payable | 17/49 | €7,788 | €2,706 | -€5,082 | -65.3% |
| Amounts payable within one year | 42/48 | €7,288 | €2,213 | -€5,074 | -69.6% |
| Trade debts | 44 | €7,288 | €776 | -€6,512 | -89.4% |
| Suppliers | 440/4 | €7,288 | €776 | -€6,512 | -89.4% |
| Taxes, remuneration and social security | 45 | - | €1,437 | +€1,437 | |
| Taxes | 450/3 | - | €1,437 | +€1,437 | |
| Accrued charges and deferred income | 492/3 | €500 | €492 | -€8 | -1.5% |
| Non-recurring operating income | 76A | - | €14,950 | +€14,950 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,337 | €7,979 | -€4,358 | -35.3% |
| Other operating charges | 640/8 | €1,308 | €916 | -€392 | -30.0% |
| Gross operating margin | 9900 | €123,900 | €131,087 | +€7,186 | +5.8% |
| Operating profit (loss) | 9901 | €110,256 | €122,193 | +€11,937 | +10.8% |
| Financial income | 75/76B | €2,724 | €6,583 | +€3,859 | +142% |
| Recurring financial income | 75 | €2,724 | €6,583 | +€3,859 | +142% |
| Financial charges | 65/66B | €96 | €1 | -€95 | -99.0% |
| Recurring financial charges | 65 | €96 | €1 | -€95 | -99.0% |
| Profit (loss) for the period before taxes | 9903 | €112,884 | €128,774 | +€15,891 | +14.1% |
| Income taxes | 67/77 | €32,324 | €35,412 | +€3,088 | +9.6% |
| Profit (loss) for the period | 9904 | €80,560 | €93,362 | +€12,803 | +15.9% |
| Profit (loss) for the period to be appropriated | 9905 | €80,560 | €93,362 | +€12,803 | +15.9% |
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 31 October 2026 via checked.be.