ANNELIES GIERTS: what changed
ANNELIES GIERTS
Largest movements
- Stocks and contracts -€1,331
down €1,331 (-69.4%), from €1,916 to €586
- Tangible fixed assets -€1,284
down €1,284 (-61.7%), from €2,081 to €796
- Cash +€562
up €562 (+16.8%), from €3,349 to €3,911
mainly Stocks and contracts (+€1,331) and Investment in fixed assets (net) (+€673)
- Profit (loss) carried forward -€2,046
down €2,046 (-36.7%), from -€5,572 to -€7,617
- Gross operating margin +€3,439
up €3,439 (+73.4%), from -€4,684 to -€1,244
- Depreciation -€267
down €267 (-30.4%), from €878 to €611
- Financial charges +€152
up €152 (+395%), from €38 to €190
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,346 | €5,301 | -€2,046 | -27.8% |
| Fixed assets | 21/28 | €2,081 | €796 | -€1,284 | -61.7% |
| Tangible fixed assets | 22/27 | €2,081 | €796 | -€1,284 | -61.7% |
| Plant, machinery and equipment | 23 | €2,081 | €796 | -€1,284 | -61.7% |
| Current assets | 29/58 | €5,266 | €4,504 | -€761 | -14.5% |
| Stocks and contracts in progress | 3 | €1,916 | €586 | -€1,331 | -69.4% |
| Stocks | 30/36 | €1,916 | €586 | -€1,331 | -69.4% |
| Amounts receivable within one year | 40/41 | - | €7 | +€7 | |
| Other amounts receivable | 41 | - | €7 | +€7 | |
| Cash at bank and in hand | 54/58 | €3,349 | €3,911 | +€562 | +16.8% |
| Total equity and liabilities | 10/49 | €7,346 | €5,301 | -€2,046 | -27.8% |
| Equity | 10/15 | €7,346 | €5,301 | -€2,046 | -27.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €518 | €518 | = | 0.0% |
| Non-distributable reserves | 130/1 | €518 | €518 | = | 0.0% |
| Reserves not available under the articles | 1311 | €518 | €518 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,572 | -€7,617 | -€2,046 | -36.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €878 | €611 | -€267 | -30.4% |
| Gross operating margin | 9900 | -€4,684 | -€1,244 | +€3,439 | +73.4% |
| Operating profit (loss) | 9901 | -€5,562 | -€1,856 | +€3,706 | +66.6% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €38 | €190 | +€152 | +395% |
| Recurring financial charges | 65 | €38 | €190 | +€152 | +395% |
| Profit (loss) for the period before taxes | 9903 | -€5,598 | -€2,046 | +€3,553 | +63.5% |
| Profit (loss) for the period | 9904 | -€5,598 | -€2,046 | +€3,553 | +63.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,598 | -€2,046 | +€3,553 | +63.5% |
Next steps
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 4 November 2026 via checked.be.