ANNELIES STANDAERT: 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.
ANNELIES STANDAERT
Largest movements
- Cash -€9,289
down €9,289 (-82.3%), from €11,281 to €1,992
mainly Net result for the year (-€7,243) and Tax, wage and social debts (-€2,594)
- Tangible fixed assets -€3,286
down €3,286 (-9.6%), from €34,151 to €30,865
of which Land and buildings: -€2,591
- Reserves -€7,243
down €7,243 (-93.1%), from €7,781 to €538
- Tax, wage and social debts -€2,594
no longer reported in 2025 (was €2,594)
- Trade debts -€1,781
no longer reported in 2025 (was €1,781)
- Other debts -€910
down €910 (-2.9%), from €31,101 to €30,191
- Gross operating margin -€21,946
down €21,946, from €18,056 to -€3,891
- Taxes -€3,113
down €3,113, from €2,594 to -€519
- Depreciation +€682
up €682 (+26.2%), from €2,604 to €3,286
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 | €46,257 | €34,104 | -€12,153 | -26.3% |
| Fixed assets | 21/28 | €34,151 | €30,865 | -€3,286 | -9.6% |
| Tangible fixed assets | 22/27 | €34,151 | €30,865 | -€3,286 | -9.6% |
| Land and buildings | 22 | €32,616 | €30,025 | -€2,591 | -7.9% |
| Plant, machinery and equipment | 23 | €1,535 | €839 | -€696 | -45.3% |
| Current assets | 29/58 | €12,107 | €3,240 | -€8,867 | -73.2% |
| Amounts receivable within one year | 40/41 | €826 | €1,247 | +€421 | +51.0% |
| Trade receivables | 40 | €826 | - | -€826 | |
| Other amounts receivable | 41 | - | €1,247 | +€1,247 | |
| Cash at bank and in hand | 54/58 | €11,281 | €1,992 | -€9,289 | -82.3% |
| Total equity and liabilities | 10/49 | €46,257 | €34,104 | -€12,153 | -26.3% |
| Equity | 10/15 | €10,781 | €3,538 | -€7,243 | -67.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €7,781 | €538 | -€7,243 | -93.1% |
| Distributable reserves | 133 | €7,781 | €538 | -€7,243 | -93.1% |
| Amounts payable | 17/49 | €35,476 | €30,566 | -€4,910 | -13.8% |
| Amounts payable within one year | 42/48 | €35,476 | €30,566 | -€4,910 | -13.8% |
| Trade debts | 44 | €1,781 | - | -€1,781 | |
| Suppliers | 440/4 | €1,781 | - | -€1,781 | |
| Advances received on contracts in progress | 46 | - | €375 | +€375 | |
| Taxes, remuneration and social security | 45 | €2,594 | - | -€2,594 | |
| Taxes | 450/3 | €2,594 | - | -€2,594 | |
| Other amounts payable | 47/48 | €31,101 | €30,191 | -€910 | -2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,604 | €3,286 | +€682 | +26.2% |
| Other operating charges | 640/8 | €525 | €531 | +€7 | +1.2% |
| Gross operating margin | 9900 | €18,056 | -€3,891 | -€21,946 | |
| Operating profit (loss) | 9901 | €14,927 | -€7,708 | -€22,635 | |
| Financial charges | 65/66B | - | €54 | +€54 | |
| Recurring financial charges | 65 | - | €54 | +€54 | |
| Profit (loss) for the period before taxes | 9903 | €14,927 | -€7,762 | -€22,689 | |
| Income taxes | 67/77 | €2,594 | -€519 | -€3,113 | |
| Profit (loss) for the period | 9904 | €12,333 | -€7,243 | -€19,576 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,333 | -€7,243 | -€19,576 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.