ANNELIEN: 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.
ANNELIEN
Largest movements
- Receivables within one year +€96,580
up €96,580 (+58.2%), from €165,975 to €262,555
- Cash -€68,196
down €68,196 (-81.6%), from €83,541 to €15,345
mainly Receivables within one year (-€96,580) and Trade debts (-€799)
- Tangible fixed assets -€23,503
down €23,503 (-6.2%), from €378,897 to €355,394
No liability line moved by more than 1% of the balance sheet total.
- Financial income +€7,170
up €7,170 (+124%), from €5,768 to €12,937
- Gross operating margin +€773
up €773 (+3.9%), from €19,769 to €20,542
- Depreciation -€597
down €597 (-2.5%), from €24,100 to €23,503
- Other operating charges +€359
up €359 (+5.9%), from €6,126 to €6,485
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 | €628,413 | €633,293 | +€4,880 | +0.8% |
| Fixed assets | 21/28 | €378,897 | €355,394 | -€23,503 | -6.2% |
| Tangible fixed assets | 22/27 | €378,897 | €355,394 | -€23,503 | -6.2% |
| Land and buildings | 22 | €378,897 | €355,394 | -€23,503 | -6.2% |
| Current assets | 29/58 | €249,516 | €277,900 | +€28,384 | +11.4% |
| Amounts receivable within one year | 40/41 | €165,975 | €262,555 | +€96,580 | +58.2% |
| Other amounts receivable | 41 | €165,975 | €262,555 | +€96,580 | +58.2% |
| Cash at bank and in hand | 54/58 | €83,541 | €15,345 | -€68,196 | -81.6% |
| Total equity and liabilities | 10/49 | €628,413 | €633,293 | +€4,880 | +0.8% |
| Equity | 10/15 | €627,043 | €630,406 | +€3,363 | +0.5% |
| Contributions | 10/11 | €360,000 | €360,000 | = | 0.0% |
| Reserves | 13 | €284,588 | €284,588 | = | 0.0% |
| Distributable reserves | 133 | €284,588 | €284,588 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,545 | -€14,182 | +€3,363 | +19.2% |
| Amounts payable | 17/49 | €1,370 | €2,888 | +€1,517 | +111% |
| Amounts payable within one year | 42/48 | €1,370 | €2,888 | +€1,517 | +111% |
| Trade debts | 44 | €1,225 | €426 | -€799 | -65.2% |
| Suppliers | 440/4 | €1,225 | €426 | -€799 | -65.2% |
| Taxes, remuneration and social security | 45 | - | €107 | +€107 | |
| Taxes | 450/3 | - | €107 | +€107 | |
| Other amounts payable | 47/48 | €145 | €2,355 | +€2,210 | +1,524% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,100 | €23,503 | -€597 | -2.5% |
| Other operating charges | 640/8 | €6,126 | €6,485 | +€359 | +5.9% |
| Gross operating margin | 9900 | €19,769 | €20,542 | +€773 | +3.9% |
| Operating profit (loss) | 9901 | -€10,457 | -€9,446 | +€1,011 | +9.7% |
| Financial income | 75/76B | €5,768 | €12,937 | +€7,170 | +124% |
| Recurring financial income | 75 | €5,768 | €12,937 | +€7,170 | +124% |
| Financial charges | 65/66B | €127 | €54 | -€73 | -57.4% |
| Recurring financial charges | 65 | €127 | €54 | -€73 | -57.4% |
| Profit (loss) for the period before taxes | 9903 | -€4,816 | €3,437 | +€8,253 | |
| Income taxes | 67/77 | €100 | €74 | -€26 | -25.9% |
| Profit (loss) for the period | 9904 | -€4,916 | €3,363 | +€8,279 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,916 | €3,363 | +€8,279 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.