Annfip: 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.
Annfip
Largest movements
- Financial fixed assets +€244,050
new in 2025: €244,050
- Cash -€65,869
down €65,869 (-39.3%), from €167,626 to €101,758
mainly Investment in fixed assets (net) (-€244,050) and Other debts (-€1,890)
- Tangible fixed assets -€21,657
down €21,657 (-5.9%), from €367,923 to €346,266
of which Land and buildings: -€18,154
- Debts after one year +€105,473
up €105,473 (+48.2%), from €218,753 to €324,226
- Current portion of long-term debt +€24,492
up €24,492 (+85.3%), from €28,705 to €53,196
- Reserves +€14,190
up €14,190 (+8.1%), from €175,996 to €190,186
of which Distributable reserves: +€14,190
- Tax, wage and social debts +€7,949
up €7,949 (+175.1%), from €4,539 to €12,488
of which Taxes: +€6,370
- Gross operating margin +€37,018
up €37,018 (+175.0%), from €21,156 to €58,174
- Financial charges +€5,607
up €5,607 (+65.6%), from €8,550 to €14,157
- Taxes +€5,090
up €5,090 (+1810.6%), from €281 to €5,371
- Financial income -€2,150
down €2,150 (-82.5%), from €2,606 to €457
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 | €545,268 | €696,804 | +€151,535 | +27.8% |
| Fixed assets | 21/28 | €367,923 | €590,316 | +€222,393 | +60.4% |
| Tangible fixed assets | 22/27 | €367,923 | €346,266 | -€21,657 | -5.9% |
| Land and buildings | 22 | €360,841 | €342,687 | -€18,154 | -5.0% |
| Plant, machinery and equipment | 23 | €1,715 | €1,127 | -€588 | -34.3% |
| Furniture and vehicles | 24 | €5,367 | €2,452 | -€2,915 | -54.3% |
| Financial fixed assets | 28 | - | €244,050 | +€244,050 | |
| Current assets | 29/58 | €177,345 | €106,487 | -€70,858 | -40.0% |
| Amounts receivable within one year | 40/41 | €9,719 | €4,729 | -€4,989 | -51.3% |
| Other amounts receivable | 41 | €9,719 | €4,729 | -€4,989 | -51.3% |
| Cash at bank and in hand | 54/58 | €167,626 | €101,758 | -€65,869 | -39.3% |
| Total equity and liabilities | 10/49 | €545,268 | €696,804 | +€151,535 | +27.8% |
| Equity | 10/15 | €226,091 | €240,286 | +€14,195 | +6.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €175,996 | €190,186 | +€14,190 | +8.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €174,136 | €188,326 | +€14,190 | +8.1% |
| Profit (loss) carried forward | 14 | €31,495 | €31,499 | +€5 | 0.0% |
| Amounts payable | 17/49 | €319,177 | €456,518 | +€137,341 | +43.0% |
| Amounts payable after more than one year | 17 | €218,753 | €324,226 | +€105,473 | +48.2% |
| Financial debts | 170/4 | €218,753 | €324,226 | +€105,473 | +48.2% |
| Amounts payable within one year | 42/48 | €100,424 | €132,292 | +€31,868 | +31.7% |
| Current portion of amounts payable after more than one year | 42 | €28,705 | €53,196 | +€24,492 | +85.3% |
| Trade debts | 44 | €747 | €2,063 | +€1,316 | +176.3% |
| Suppliers | 440/4 | €747 | €2,063 | +€1,316 | +176.3% |
| Taxes, remuneration and social security | 45 | €4,539 | €12,488 | +€7,949 | +175.1% |
| Taxes | 450/3 | €3,027 | €9,397 | +€6,370 | +210.4% |
| Remuneration and social security | 454/9 | €1,511 | €3,091 | +€1,580 | +104.5% |
| Other amounts payable | 47/48 | €66,434 | €64,544 | -€1,890 | -2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,657 | €21,657 | = | 0.0% |
| Other operating charges | 640/8 | €3,034 | €3,251 | +€217 | +7.1% |
| Gross operating margin | 9900 | €21,156 | €58,174 | +€37,018 | +175.0% |
| Operating profit (loss) | 9901 | -€3,535 | €33,266 | +€36,801 | |
| Financial income | 75/76B | €2,606 | €457 | -€2,150 | -82.5% |
| Recurring financial income | 75 | €2,606 | €457 | -€2,150 | -82.5% |
| Financial charges | 65/66B | €8,550 | €14,157 | +€5,607 | +65.6% |
| Recurring financial charges | 65 | €8,550 | €14,157 | +€5,607 | +65.6% |
| Profit (loss) for the period before taxes | 9903 | -€9,478 | €19,566 | +€29,045 | |
| Income taxes | 67/77 | €281 | €5,371 | +€5,090 | +1810.6% |
| Profit (loss) for the period | 9904 | -€9,760 | €14,195 | +€23,954 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,760 | €14,195 | +€23,954 |
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.