ANNEPHIL: 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.
ANNEPHIL
Largest movements
- Tangible fixed assets -€29,090
down €29,090 (-4.1%), from €707,778 to €678,688
of which Land and buildings: -€28,078
- Receivables within one year +€12,101
up €12,101 (+5638.6%), from €215 to €12,316
- Profit (loss) carried forward -€22,809
down €22,809 (-207.9%), from -€10,971 to -€33,780
- Gross operating margin +€9,326
up €9,326 (+406.1%), from €2,296 to €11,622
- Financial charges -€1,546
down €1,546 (-44.0%), from €3,512 to €1,966
- Financial income +€177
up €177, from €0 to €177
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.
Cash bridge derived
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 | €708,629 | €691,198 | -€17,431 | -2.5% |
| Fixed assets | 21/28 | €707,778 | €678,688 | -€29,090 | -4.1% |
| Tangible fixed assets | 22/27 | €707,778 | €678,688 | -€29,090 | -4.1% |
| Land and buildings | 22 | €706,766 | €678,688 | -€28,078 | -4.0% |
| Furniture and vehicles | 24 | €1,011 | €0 | -€1,011 | -100.0% |
| Current assets | 29/58 | €852 | €12,510 | +€11,658 | +1369.0% |
| Amounts receivable within one year | 40/41 | €215 | €12,316 | +€12,101 | +5638.6% |
| Other amounts receivable | 41 | €215 | €12,316 | +€12,101 | +5638.6% |
| Cash at bank and in hand | 54/58 | €503 | €56 | -€447 | -88.8% |
| Deferred charges and accrued income | 490/1 | €134 | €138 | +€4 | +3.1% |
| Total equity and liabilities | 10/49 | €708,629 | €691,198 | -€17,431 | -2.5% |
| Equity | 10/15 | €609,029 | €586,220 | -€22,809 | -3.7% |
| Contributions | 10/11 | €620,000 | €620,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,971 | -€33,780 | -€22,809 | -207.9% |
| Amounts payable | 17/49 | €99,600 | €104,978 | +€5,378 | +5.4% |
| Amounts payable within one year | 42/48 | €99,600 | €104,978 | +€5,378 | +5.4% |
| Trade debts | 44 | €511 | €3,494 | +€2,983 | +583.6% |
| Suppliers | 440/4 | €511 | €3,494 | +€2,983 | +583.6% |
| Taxes, remuneration and social security | 45 | €574 | €0 | -€574 | -100.0% |
| Taxes | 450/3 | €574 | €0 | -€574 | -100.0% |
| Other amounts payable | 47/48 | €98,515 | €101,484 | +€2,969 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,168 | €29,090 | -€78 | -0.3% |
| Other operating charges | 640/8 | €3,483 | €3,553 | +€70 | +2.0% |
| Gross operating margin | 9900 | €2,296 | €11,622 | +€9,326 | +406.1% |
| Operating profit (loss) | 9901 | -€30,355 | -€21,021 | +€9,334 | +30.8% |
| Financial income | 75/76B | €0 | €177 | +€177 | |
| Recurring financial income | 75 | €0 | €177 | +€177 | |
| Financial charges | 65/66B | €3,512 | €1,966 | -€1,546 | -44.0% |
| Recurring financial charges | 65 | €3,512 | €1,966 | -€1,546 | -44.0% |
| Profit (loss) for the period before taxes | 9903 | -€33,867 | -€22,809 | +€11,058 | +32.7% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€33,867 | -€22,809 | +€11,058 | +32.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,867 | -€22,809 | +€11,058 | +32.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.