ANNEXIS: 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.
ANNEXIS
Largest movements
- Tangible fixed assets -€65,494
down €65,494 (-4.6%), from €1.4m to €1.3m
of which Furniture and vehicles: -€34,781
- Cash +€33,022
up €33,022 (+23.4%), from €141,271 to €174,293
mainly Depreciation (+€73,505) and Receivables within one year (+€12,860)
- Profit (loss) carried forward -€36,414
down €36,414 (-10.5%), from -€345,174 to -€381,588
- Gross operating margin +€77,195
up €77,195, from -€29,552 to €47,644
- Financial charges +€5,287
up €5,287 (+1099.6%), from €481 to €5,768
- Depreciation -€1,451
down €1,451 (-1.9%), from €74,956 to €73,505
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 | €1,587,132 | €1,551,924 | -€35,208 | -2.2% |
| Fixed assets | 21/28 | €1,414,661 | €1,349,167 | -€65,494 | -4.6% |
| Tangible fixed assets | 22/27 | €1,414,661 | €1,349,167 | -€65,494 | -4.6% |
| Land and buildings | 22 | €642,260 | €611,715 | -€30,546 | -4.8% |
| Plant, machinery and equipment | 23 | €167 | €0 | -€167 | -100.0% |
| Furniture and vehicles | 24 | €102,674 | €67,893 | -€34,781 | -33.9% |
| Other tangible fixed assets | 26 | €669,559 | €669,559 | = | 0.0% |
| Current assets | 29/58 | €172,470 | €202,757 | +€30,287 | +17.6% |
| Stocks and contracts in progress | 3 | €9,726 | €16,826 | +€7,100 | +73.0% |
| Stocks | 30/36 | €9,726 | €16,826 | +€7,100 | +73.0% |
| Amounts receivable within one year | 40/41 | €21,176 | €8,316 | -€12,860 | -60.7% |
| Trade receivables | 40 | €6,043 | €8,316 | +€2,272 | +37.6% |
| Other amounts receivable | 41 | €15,132 | €0 | -€15,132 | -100.0% |
| Cash at bank and in hand | 54/58 | €141,271 | €174,293 | +€33,022 | +23.4% |
| Deferred charges and accrued income | 490/1 | €298 | €3,323 | +€3,025 | +1016.1% |
| Total equity and liabilities | 10/49 | €1,587,132 | €1,551,924 | -€35,208 | -2.2% |
| Equity | 10/15 | €304,826 | €268,412 | -€36,414 | -11.9% |
| Contributions | 10/11 | €650,000 | €650,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€345,174 | -€381,588 | -€36,414 | -10.5% |
| Amounts payable | 17/49 | €1,282,306 | €1,283,512 | +€1,206 | +0.1% |
| Amounts payable after more than one year | 17 | - | €200 | +€200 | |
| Other amounts payable | 178/9 | - | €200 | +€200 | |
| Amounts payable within one year | 42/48 | €1,278,855 | €1,272,420 | -€6,436 | -0.5% |
| Trade debts | 44 | €5,790 | €0 | -€5,790 | -100.0% |
| Suppliers | 440/4 | €5,790 | €0 | -€5,790 | -100.0% |
| Taxes, remuneration and social security | 45 | €65 | €6,410 | +€6,345 | +9724.3% |
| Taxes | 450/3 | €65 | €6,410 | +€6,345 | +9724.3% |
| Other amounts payable | 47/48 | €1,273,000 | €1,266,009 | -€6,991 | -0.5% |
| Accrued charges and deferred income | 492/3 | €3,451 | €10,893 | +€7,442 | +215.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,956 | €73,505 | -€1,451 | -1.9% |
| Other operating charges | 640/8 | €4,450 | €4,784 | +€334 | +7.5% |
| Gross operating margin | 9900 | -€29,552 | €47,644 | +€77,195 | |
| Operating profit (loss) | 9901 | -€108,957 | -€30,646 | +€78,311 | +71.9% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €481 | €5,768 | +€5,287 | +1099.6% |
| Recurring financial charges | 65 | €481 | €5,768 | +€5,287 | +1099.6% |
| Profit (loss) for the period before taxes | 9903 | -€109,438 | -€36,414 | +€73,024 | +66.7% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€109,438 | -€36,414 | +€73,024 | +66.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€109,438 | -€36,414 | +€73,024 | +66.7% |
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 12 October 2026 via checked.be.