Anneloes Baert: 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.
Anneloes Baert
Largest movements
- Cash +€44,831
up €44,831 (+77.1%), from €58,140 to €102,971
mainly Net result for the year (+€36,981) and Tax, wage and social debts (+€6,721)
- Reserves +€36,981
up €36,981 (+112%), from €32,891 to €69,872
- Tax, wage and social debts +€6,721
up €6,721 (+38.6%), from €17,419 to €24,140
of which Taxes: +€6,721
- Accrued charges and deferred income +€1,319
up €1,319 (+99.8%), from €1,321 to €2,640
- Gross operating margin +€23,583
up €23,583 (+79.9%), from €29,523 to €53,106
- Taxes +€5,998
up €5,998 (+82.9%), from €7,236 to €13,233
- Financial charges +€1,306
up €1,306 (+151%), from €865 to €2,170
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 | €70,939 | €116,938 | +€45,999 | +64.8% |
| Fixed assets | 21/28 | €4,479 | €4,314 | -€165 | -3.7% |
| Tangible fixed assets | 22/27 | €1,539 | €1,374 | -€165 | -10.7% |
| Furniture and vehicles | 24 | €1,539 | €1,374 | -€165 | -10.7% |
| Financial fixed assets | 28 | €2,940 | €2,940 | = | 0.0% |
| Current assets | 29/58 | €66,460 | €112,624 | +€46,164 | +69.5% |
| Amounts receivable within one year | 40/41 | €6,621 | €7,550 | +€930 | +14.0% |
| Trade receivables | 40 | €6,621 | €7,550 | +€930 | +14.0% |
| Cash at bank and in hand | 54/58 | €58,140 | €102,971 | +€44,831 | +77.1% |
| Deferred charges and accrued income | 490/1 | €1,699 | €2,103 | +€404 | +23.8% |
| Total equity and liabilities | 10/49 | €70,939 | €116,938 | +€45,999 | +64.8% |
| Equity | 10/15 | €35,891 | €72,872 | +€36,981 | +103% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €32,891 | €69,872 | +€36,981 | +112% |
| Distributable reserves | 133 | €32,891 | €69,872 | +€36,981 | +112% |
| Amounts payable | 17/49 | €35,048 | €44,066 | +€9,018 | +25.7% |
| Amounts payable within one year | 42/48 | €33,727 | €41,426 | +€7,699 | +22.8% |
| Trade debts | 44 | €2,008 | €2,641 | +€634 | +31.6% |
| Suppliers | 440/4 | €2,008 | €2,641 | +€634 | +31.6% |
| Taxes, remuneration and social security | 45 | €17,419 | €24,140 | +€6,721 | +38.6% |
| Taxes | 450/3 | €16,219 | €22,940 | +€6,721 | +41.4% |
| Remuneration and social security | 454/9 | €1,200 | €1,200 | = | 0.0% |
| Other amounts payable | 47/48 | €14,301 | €14,645 | +€344 | +2.4% |
| Accrued charges and deferred income | 492/3 | €1,321 | €2,640 | +€1,319 | +99.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €113 | €165 | +€52 | +46.4% |
| Other operating charges | 640/8 | €1,022 | €556 | -€466 | -45.6% |
| Gross operating margin | 9900 | €29,523 | €53,106 | +€23,583 | +79.9% |
| Operating profit (loss) | 9901 | €28,388 | €52,385 | +€23,997 | +84.5% |
| Financial income | 75/76B | €1 | €0 | -€1 | -98.8% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -98.8% |
| Financial charges | 65/66B | €865 | €2,170 | +€1,306 | +151% |
| Recurring financial charges | 65 | €865 | €2,170 | +€1,306 | +151% |
| Profit (loss) for the period before taxes | 9903 | €27,524 | €50,214 | +€22,691 | +82.4% |
| Income taxes | 67/77 | €7,236 | €13,233 | +€5,998 | +82.9% |
| Profit (loss) for the period | 9904 | €20,288 | €36,981 | +€16,693 | +82.3% |
| Profit (loss) for the period to be appropriated | 9905 | €20,288 | €36,981 | +€16,693 | +82.3% |
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 28 October 2026 via checked.be.