ANNEMIE: 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.
ANNEMIE
Largest movements
- Tangible fixed assets -€59,076
down €59,076 (-19.4%), from €305,007 to €245,930
of which Plant, machinery and equipment: -€54,266
- Cash +€13,960
up €13,960 (+5,234%), from €267 to €14,226
mainly Depreciation (+€59,076) and Net result for the year (+€19,350)
- Debts after one year -€42,737
down €42,737 (-28.3%), from €151,039 to €108,302
- Trade debts -€29,038
down €29,038 (-97.4%), from €29,810 to €772
- Reserves +€19,350
up €19,350 (+27.1%), from €71,499 to €90,849
- Tax, wage and social debts +€10,562
up €10,562 (+302%), from €3,492 to €14,054
of which Taxes: +€10,562
- Current portion of long-term debt -€3,240
down €3,240 (-7.0%), from €45,977 to €42,737
- Gross operating margin +€33,361
up €33,361 (+54.1%), from €61,694 to €95,055
- Taxes +€10,562
up €10,562 (+950%), from €1,112 to €11,674
- Depreciation +€3,573
up €3,573 (+6.4%), from €55,504 to €59,076
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €321,456 | €276,354 | -€45,103 | -14.0% |
| Fixed assets | 21/28 | €305,097 | €246,020 | -€59,076 | -19.4% |
| Tangible fixed assets | 22/27 | €305,007 | €245,930 | -€59,076 | -19.4% |
| Plant, machinery and equipment | 23 | €291,474 | €237,208 | -€54,266 | -18.6% |
| Furniture and vehicles | 24 | €13,532 | €8,722 | -€4,810 | -35.5% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €16,360 | €30,333 | +€13,973 | +85.4% |
| Amounts receivable within one year | 40/41 | €15,630 | €16,017 | +€387 | +2.5% |
| Other amounts receivable | 41 | €15,630 | €16,017 | +€387 | +2.5% |
| Cash at bank and in hand | 54/58 | €267 | €14,226 | +€13,960 | +5,234% |
| Deferred charges and accrued income | 490/1 | €463 | €90 | -€373 | -80.6% |
| Total equity and liabilities | 10/49 | €321,456 | €276,354 | -€45,103 | -14.0% |
| Equity | 10/15 | €91,139 | €110,489 | +€19,350 | +21.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €71,499 | €90,849 | +€19,350 | +27.1% |
| Distributable reserves | 133 | €71,499 | €90,849 | +€19,350 | +27.1% |
| Profit (loss) carried forward | 14 | €1,040 | €1,040 | = | 0.0% |
| Amounts payable | 17/49 | €230,317 | €165,865 | -€64,453 | -28.0% |
| Amounts payable after more than one year | 17 | €151,039 | €108,302 | -€42,737 | -28.3% |
| Financial debts | 170/4 | €151,039 | €108,302 | -€42,737 | -28.3% |
| Amounts payable within one year | 42/48 | €79,279 | €57,563 | -€21,716 | -27.4% |
| Current portion of amounts payable after more than one year | 42 | €45,977 | €42,737 | -€3,240 | -7.0% |
| Trade debts | 44 | €29,810 | €772 | -€29,038 | -97.4% |
| Suppliers | 440/4 | €29,810 | €772 | -€29,038 | -97.4% |
| Taxes, remuneration and social security | 45 | €3,492 | €14,054 | +€10,562 | +302% |
| Taxes | 450/3 | €1,112 | €11,674 | +€10,562 | +950% |
| Remuneration and social security | 454/9 | €2,380 | €2,380 | = | 0.0% |
| Non-recurring operating income | 76A | €4,000 | - | -€4,000 | |
| Remuneration, social security and pensions | 62 | €739 | €307 | -€432 | -58.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,504 | €59,076 | +€3,573 | +6.4% |
| Other operating charges | 640/8 | €576 | €1,212 | +€635 | +110% |
| Gross operating margin | 9900 | €61,694 | €95,055 | +€33,361 | +54.1% |
| Operating profit (loss) | 9901 | €4,875 | €34,460 | +€29,585 | +607% |
| Financial income | 75/76B | €271 | €277 | +€6 | +2.1% |
| Recurring financial income | 75 | €271 | €277 | +€6 | +2.1% |
| Financial charges | 65/66B | €3,980 | €3,713 | -€267 | -6.7% |
| Recurring financial charges | 65 | €3,980 | €3,713 | -€267 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | €1,166 | €31,024 | +€29,858 | +2,561% |
| Income taxes | 67/77 | €1,112 | €11,674 | +€10,562 | +950% |
| Profit (loss) for the period | 9904 | €54 | €19,350 | +€19,296 | +35,660% |
| Profit (loss) for the period to be appropriated | 9905 | €54 | €19,350 | +€19,296 | +35,660% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.