ANNIC: 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.
ANNIC
Largest movements
- Tangible fixed assets -€15,844
down €15,844 (-31.5%), from €50,306 to €34,462
of which Furniture and vehicles: -€10,843
- Cash +€11,555
up €11,555 (+43.6%), from €26,480 to €38,035
mainly Other debts (+€48,568) and Depreciation (+€16,363)
- Receivables within one year +€6,169
up €6,169 (+36.8%), from €16,744 to €22,912
- Other debts +€48,568
new in 2025: €48,568
- Reserves -€39,154
down €39,154 (-59.5%), from €65,840 to €26,686
of which Distributable reserves: -€39,154
- Tax, wage and social debts -€7,972
down €7,972 (-70.2%), from €11,350 to €3,378
of which Taxes: -€7,924
- Gross operating margin -€2,435
down €2,435 (-5.7%), from €42,533 to €40,098
- Taxes -€1,612
down €1,612 (-17.7%), from €9,128 to €7,516
- Staff costs -€736
down €736 (-21.4%), from €3,446 to €2,710
- Depreciation -€599
down €599 (-3.5%), from €16,962 to €16,363
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 | €95,911 | €98,054 | +€2,142 | +2.2% |
| Fixed assets | 21/28 | €50,306 | €34,462 | -€15,844 | -31.5% |
| Tangible fixed assets | 22/27 | €50,306 | €34,462 | -€15,844 | -31.5% |
| Land and buildings | 22 | €35,248 | €30,997 | -€4,251 | -12.1% |
| Plant, machinery and equipment | 23 | €2,250 | €1,500 | -€750 | -33.3% |
| Furniture and vehicles | 24 | €12,808 | €1,965 | -€10,843 | -84.7% |
| Current assets | 29/58 | €45,605 | €63,592 | +€17,987 | +39.4% |
| Stocks and contracts in progress | 3 | €2,382 | €2,493 | +€111 | +4.7% |
| Stocks | 30/36 | €2,382 | €2,493 | +€111 | +4.7% |
| Amounts receivable within one year | 40/41 | €16,744 | €22,912 | +€6,169 | +36.8% |
| Other amounts receivable | 41 | €16,744 | €22,912 | +€6,169 | +36.8% |
| Cash at bank and in hand | 54/58 | €26,480 | €38,035 | +€11,555 | +43.6% |
| Deferred charges and accrued income | 490/1 | - | €152 | +€152 | |
| Total equity and liabilities | 10/49 | €95,911 | €98,054 | +€2,142 | +2.2% |
| Equity | 10/15 | €84,432 | €45,278 | -€39,154 | -46.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €65,840 | €26,686 | -€39,154 | -59.5% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €63,980 | €24,826 | -€39,154 | -61.2% |
| Amounts payable | 17/49 | €11,480 | €52,776 | +€41,296 | +359.7% |
| Amounts payable within one year | 42/48 | €11,480 | €51,971 | +€40,491 | +352.7% |
| Trade debts | 44 | €130 | €25 | -€105 | -80.5% |
| Suppliers | 440/4 | €130 | €25 | -€105 | -80.5% |
| Taxes, remuneration and social security | 45 | €11,350 | €3,378 | -€7,972 | -70.2% |
| Taxes | 450/3 | €10,103 | €2,178 | -€7,924 | -78.4% |
| Remuneration and social security | 454/9 | €1,247 | €1,200 | -€47 | -3.8% |
| Other amounts payable | 47/48 | - | €48,568 | +€48,568 | |
| Accrued charges and deferred income | 492/3 | - | €805 | +€805 | |
| Remuneration, social security and pensions | 62 | €3,446 | €2,710 | -€736 | -21.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,962 | €16,363 | -€599 | -3.5% |
| Other operating charges | 640/8 | €4,710 | €4,490 | -€220 | -4.7% |
| Gross operating margin | 9900 | €42,533 | €40,098 | -€2,435 | -5.7% |
| Operating profit (loss) | 9901 | €17,416 | €16,535 | -€880 | -5.1% |
| Financial income | 75/76B | €574 | €631 | +€57 | +9.9% |
| Recurring financial income | 75 | €574 | €631 | +€57 | +9.9% |
| Financial charges | 65/66B | €173 | €237 | +€64 | +37.3% |
| Recurring financial charges | 65 | €173 | €237 | +€64 | +37.3% |
| Profit (loss) for the period before taxes | 9903 | €17,818 | €16,930 | -€888 | -5.0% |
| Income taxes | 67/77 | €9,128 | €7,516 | -€1,612 | -17.7% |
| Profit (loss) for the period | 9904 | €8,690 | €9,414 | +€724 | +8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €8,690 | €9,414 | +€724 | +8.3% |
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.