ANNFIL: 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.
ANNFIL
Largest movements
- Current investments -€309,489
down €309,489 (-74.0%), from €418,222 to €108,733
- Cash +€216,770
up €216,770 (+1348.8%), from €16,071 to €232,841
mainly Current investments (+€309,489) and Net result for the year (+€52,606)
- Tangible fixed assets -€30,075
down €30,075 (-2.0%), from €1.5m to €1.5m
of which Land and buildings: -€29,752
- Other debts -€103,473
down €103,473 (-17.5%), from €592,500 to €489,026
- Short-term financial debts -€66,853
no longer reported in 2025 (was €66,853)
- Profit (loss) carried forward +€52,606
up €52,606 (+21.4%), from €245,936 to €298,542
- Taxes -€75,444
no longer reported in 2025 (was €75,444)
- Financial income +€67,721
up €67,721 (+319.4%), from €21,202 to €88,922
- Gross operating margin -€6,719
down €6,719 (-37.3%), from €18,025 to €11,306
- Depreciation +€388
up €388 (+1.2%), from €33,233 to €33,620
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 | €1,992,913 | €1,869,737 | -€123,176 | -6.2% |
| Fixed assets | 21/28 | €1,511,588 | €1,481,672 | -€29,915 | -2.0% |
| Tangible fixed assets | 22/27 | €1,509,100 | €1,479,025 | -€30,075 | -2.0% |
| Land and buildings | 22 | €1,508,160 | €1,478,408 | -€29,752 | -2.0% |
| Furniture and vehicles | 24 | €940 | €617 | -€323 | -34.4% |
| Financial fixed assets | 28 | €2,488 | €2,647 | +€160 | +6.4% |
| Current assets | 29/58 | €481,326 | €388,065 | -€93,261 | -19.4% |
| Amounts receivable within one year | 40/41 | €43,557 | €46,491 | +€2,934 | +6.7% |
| Other amounts receivable | 41 | €43,557 | €46,491 | +€2,934 | +6.7% |
| Current investments | 50/53 | €418,222 | €108,733 | -€309,489 | -74.0% |
| Cash at bank and in hand | 54/58 | €16,071 | €232,841 | +€216,770 | +1348.8% |
| Deferred charges and accrued income | 490/1 | €3,476 | - | -€3,476 | |
| Total equity and liabilities | 10/49 | €1,992,913 | €1,869,737 | -€123,176 | -6.2% |
| Equity | 10/15 | €1,154,936 | €1,207,542 | +€52,606 | +4.6% |
| Contributions | 10/11 | €909,000 | €909,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €245,936 | €298,542 | +€52,606 | +21.4% |
| Amounts payable | 17/49 | €837,977 | €662,195 | -€175,782 | -21.0% |
| Amounts payable after more than one year | 17 | €148,997 | €140,089 | -€8,909 | -6.0% |
| Financial debts | 170/4 | €148,847 | €139,939 | -€8,909 | -6.0% |
| Other amounts payable | 178/9 | €150 | €150 | = | 0.0% |
| Amounts payable within one year | 42/48 | €688,980 | €522,107 | -€166,873 | -24.2% |
| Current portion of amounts payable after more than one year | 42 | €8,768 | €8,909 | +€141 | +1.6% |
| Financial debts | 43 | €66,853 | - | -€66,853 | |
| Credit institutions | 430/8 | €66,853 | - | -€66,853 | |
| Trade debts | 44 | €19,103 | €24,172 | +€5,069 | +26.5% |
| Suppliers | 440/4 | €19,103 | €24,172 | +€5,069 | +26.5% |
| Advances received on contracts in progress | 46 | €750 | - | -€750 | |
| Taxes, remuneration and social security | 45 | €1,006 | - | -€1,006 | |
| Taxes | 450/3 | €1,006 | - | -€1,006 | |
| Other amounts payable | 47/48 | €592,500 | €489,026 | -€103,473 | -17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,233 | €33,620 | +€388 | +1.2% |
| Other operating charges | 640/8 | €7,154 | €7,238 | +€84 | +1.2% |
| Gross operating margin | 9900 | €18,025 | €11,306 | -€6,719 | -37.3% |
| Operating profit (loss) | 9901 | -€22,362 | -€29,552 | -€7,190 | -32.2% |
| Financial income | 75/76B | €21,202 | €88,922 | +€67,721 | +319.4% |
| Recurring financial income | 75 | €21,202 | €88,922 | +€67,721 | +319.4% |
| Financial charges | 65/66B | €6,709 | €6,765 | +€56 | +0.8% |
| Recurring financial charges | 65 | €6,709 | €6,765 | +€56 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | -€7,869 | €52,606 | +€60,474 | |
| Transfer from deferred taxes | 780 | €106,273 | - | -€106,273 | |
| Income taxes | 67/77 | €75,444 | - | -€75,444 | |
| Profit (loss) for the period | 9904 | €22,960 | €52,606 | +€29,646 | +129.1% |
| Transfer from tax-exempt reserves | 789 | €318,818 | - | -€318,818 | |
| Profit (loss) for the period to be appropriated | 9905 | €341,778 | €52,606 | -€289,173 | -84.6% |
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 4 October 2026 via checked.be.