ANNENCO: what changed
Two fiscal 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.
ANNENCO
Largest movements
- Receivables within one year +€119,883
up €119,883 (+134.1%), from €89,432 to €209,315
of which Other amounts receivable: +€97,914
- Cash -€65,885
down €65,885 (-76.6%), from €86,006 to €20,121
mainly Receivables within one year (-€119,883) and Investment in fixed assets (net) (-€79,454)
- Tangible fixed assets +€58,881
up €58,881 (+232.0%), from €25,384 to €84,265
of which Leasing and similar rights: +€65,558
- Deferred charges and accrued income +€13,168
up €13,168 (+408.3%), from €3,225 to €16,392
- Trade debts +€65,934
up €65,934 (+92.0%), from €71,630 to €137,563
- Other debts +€46,125
up €46,125, from €0 to €46,125
- Profit (loss) carried forward +€28,023
up €28,023, from -€28,023 to €0
- Short-term financial debts -€20,000
down €20,000 (-100.0%), from €20,000 to €0
- Debts after one year -€12,808
down €12,808 (-20.8%), from €61,455 to €48,647
of which Other amounts payable: -€61,455
- Gross operating margin +€24,465
up €24,465 (+5.9%), from €412,747 to €437,211
- Depreciation +€10,772
up €10,772 (+109.9%), from €9,801 to €20,573
- Financial income +€10,772
up €10,772 (+623.1%), from €1,729 to €12,500
- Financial charges +€5,782
up €5,782 (+170.3%), from €3,395 to €9,177
From the 2022 result to the 2023 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.
Cash bridge derived
Derived from the 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €204,047 | €330,093 | +€126,047 | +61.8% |
| Fixed assets | 21/28 | €25,384 | €84,265 | +€58,881 | +232.0% |
| Tangible fixed assets | 22/27 | €25,384 | €84,265 | +€58,881 | +232.0% |
| Plant, machinery and equipment | 23 | - | €2,694 | +€2,694 | |
| Furniture and vehicles | 24 | €4,433 | €1,949 | -€2,484 | -56.0% |
| Leasing and similar rights | 25 | - | €65,558 | +€65,558 | |
| Other tangible fixed assets | 26 | €20,951 | €14,063 | -€6,887 | -32.9% |
| Current assets | 29/58 | €178,663 | €245,829 | +€67,166 | +37.6% |
| Amounts receivable within one year | 40/41 | €89,432 | €209,315 | +€119,883 | +134.1% |
| Trade receivables | 40 | €38,333 | €60,302 | +€21,969 | +57.3% |
| Other amounts receivable | 41 | €51,099 | €149,013 | +€97,914 | +191.6% |
| Cash at bank and in hand | 54/58 | €86,006 | €20,121 | -€65,885 | -76.6% |
| Deferred charges and accrued income | 490/1 | €3,225 | €16,392 | +€13,168 | +408.3% |
| Total equity and liabilities | 10/49 | €204,047 | €330,093 | +€126,047 | +61.8% |
| Equity | 10/15 | -€7,571 | €23,372 | +€30,943 | |
| Contributions | 10/11 | €20,452 | €20,452 | = | 0.0% |
| Reserves | 13 | - | €2,920 | +€2,920 | |
| Distributable reserves | 133 | - | €2,920 | +€2,920 | |
| Profit (loss) carried forward | 14 | -€28,023 | €0 | +€28,023 | |
| Amounts payable | 17/49 | €211,618 | €306,721 | +€95,104 | +44.9% |
| Amounts payable after more than one year | 17 | €61,455 | €48,647 | -€12,808 | -20.8% |
| Financial debts | 170/4 | - | €48,647 | +€48,647 | |
| Other amounts payable | 178/9 | €61,455 | €0 | -€61,455 | -100.0% |
| Amounts payable within one year | 42/48 | €150,162 | €258,074 | +€107,912 | +71.9% |
| Current portion of amounts payable after more than one year | 42 | - | €10,067 | +€10,067 | |
| Financial debts | 43 | €20,000 | €0 | -€20,000 | -100.0% |
| Credit institutions | 430/8 | €20,000 | €0 | -€20,000 | -100.0% |
| Trade debts | 44 | €71,630 | €137,563 | +€65,934 | +92.0% |
| Suppliers | 440/4 | €71,630 | €137,563 | +€65,934 | +92.0% |
| Taxes, remuneration and social security | 45 | €58,533 | €64,319 | +€5,786 | +9.9% |
| Taxes | 450/3 | €28,957 | €45,477 | +€16,520 | +57.1% |
| Remuneration and social security | 454/9 | €29,576 | €18,842 | -€10,734 | -36.3% |
| Other amounts payable | 47/48 | €0 | €46,125 | +€46,125 | |
| Remuneration, social security and pensions | 62 | €307,889 | €312,233 | +€4,344 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,801 | €20,573 | +€10,772 | +109.9% |
| Other operating charges | 640/8 | €8,804 | €8,268 | -€536 | -6.1% |
| Gross operating margin | 9900 | €412,747 | €437,211 | +€24,465 | +5.9% |
| Operating profit (loss) | 9901 | €86,253 | €96,136 | +€9,884 | +11.5% |
| Financial income | 75/76B | €1,729 | €12,500 | +€10,772 | +623.1% |
| Recurring financial income | 75 | €1,729 | €12,500 | +€10,772 | +623.1% |
| Financial charges | 65/66B | €3,395 | €9,177 | +€5,782 | +170.3% |
| Recurring financial charges | 65 | €3,395 | €9,177 | +€5,782 | +170.3% |
| Profit (loss) for the period before taxes | 9903 | €84,587 | €99,460 | +€14,873 | +17.6% |
| Income taxes | 67/77 | €24,345 | €23,517 | -€828 | -3.4% |
| Profit (loss) for the period | 9904 | €60,242 | €75,943 | +€15,701 | +26.1% |
| Profit (loss) for the period to be appropriated | 9905 | €60,242 | €75,943 | +€15,701 | +26.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.