ANNIC: 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.
ANNIC
Largest movements
- Tangible fixed assets -€103,145
down €103,145 (-8.4%), from €1.2m to €1.1m
of which Land and buildings: -€76,416
- Receivables within one year -€37,757
down €37,757 (-74.9%), from €50,418 to €12,662
of which Trade receivables: -€36,723
- Cash -€18,376
down €18,376 (-89.4%), from €20,548 to €2,172
mainly Trade debts (-€310,254) and Current portion of long-term debt (-€95,556)
- Trade debts -€310,254
down €310,254 (-97.0%), from €319,938 to €9,684
- Other debts +€294,500
up €294,500 (+2530.1%), from €11,640 to €306,140
- Current portion of long-term debt -€95,556
down €95,556 (-62.5%), from €152,892 to €57,336
- Debts after one year -€55,846
down €55,846 (-17.7%), from €315,522 to €259,676
- Profit (loss) carried forward +€34,496
up €34,496, from -€34,496 to €0
- Gross operating margin +€25,700
up €25,700 (+24.4%), from €105,418 to €131,118
- Financial income +€6,987
up €6,987 (+10089.5%), from €69 to €7,056
- Other operating charges -€4,033
down €4,033 (-21.1%), from €19,137 to €15,104
- Staff costs -€2,500
down €2,500 (-100.0%), from €2,500 to €0
- Financial charges -€1,650
down €1,650 (-9.5%), from €17,286 to €15,636
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 | €1,308,549 | €1,149,960 | -€158,589 | -12.1% |
| Fixed assets | 21/28 | €1,228,228 | €1,125,082 | -€103,145 | -8.4% |
| Tangible fixed assets | 22/27 | €1,228,228 | €1,125,082 | -€103,145 | -8.4% |
| Land and buildings | 22 | €1,136,939 | €1,060,523 | -€76,416 | -6.7% |
| Plant, machinery and equipment | 23 | €1,267 | €908 | -€358 | -28.3% |
| Furniture and vehicles | 24 | €90,022 | €63,651 | -€26,371 | -29.3% |
| Current assets | 29/58 | €80,321 | €24,877 | -€55,444 | -69.0% |
| Amounts receivable within one year | 40/41 | €50,418 | €12,662 | -€37,757 | -74.9% |
| Trade receivables | 40 | €49,380 | €12,657 | -€36,723 | -74.4% |
| Other amounts receivable | 41 | €1,039 | €5 | -€1,034 | -99.5% |
| Current investments | 50/53 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €20,548 | €2,172 | -€18,376 | -89.4% |
| Deferred charges and accrued income | 490/1 | €9,355 | €10,044 | +€689 | +7.4% |
| Total equity and liabilities | 10/49 | €1,308,549 | €1,149,960 | -€158,589 | -12.1% |
| Equity | 10/15 | €498,167 | €503,499 | +€5,333 | +1.1% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Revaluation surpluses | 12 | €79,282 | €79,282 | = | 0.0% |
| Reserves | 13 | €428,380 | €399,217 | -€29,163 | -6.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €9,431 | €7,206 | -€2,226 | -23.6% |
| Distributable reserves | 133 | €418,949 | €392,012 | -€26,937 | -6.4% |
| Profit (loss) carried forward | 14 | -€34,496 | €0 | +€34,496 | |
| Provisions and deferred taxes | 16 | €4,424 | €3,380 | -€1,044 | -23.6% |
| Deferred taxes | 168 | €4,424 | €3,380 | -€1,044 | -23.6% |
| Amounts payable | 17/49 | €805,959 | €643,080 | -€162,878 | -20.2% |
| Amounts payable after more than one year | 17 | €315,522 | €259,676 | -€55,846 | -17.7% |
| Financial debts | 170/4 | €315,522 | €259,676 | -€55,846 | -17.7% |
| Amounts payable within one year | 42/48 | €489,179 | €383,404 | -€105,775 | -21.6% |
| Current portion of amounts payable after more than one year | 42 | €152,892 | €57,336 | -€95,556 | -62.5% |
| Financial debts | 43 | - | €4,509 | +€4,509 | |
| Credit institutions | 430/8 | - | €4,509 | +€4,509 | |
| Trade debts | 44 | €319,938 | €9,684 | -€310,254 | -97.0% |
| Suppliers | 440/4 | €319,938 | €9,684 | -€310,254 | -97.0% |
| Taxes, remuneration and social security | 45 | €4,709 | €5,736 | +€1,027 | +21.8% |
| Taxes | 450/3 | €4,709 | €5,736 | +€1,027 | +21.8% |
| Other amounts payable | 47/48 | €11,640 | €306,140 | +€294,500 | +2530.1% |
| Accrued charges and deferred income | 492/3 | €1,258 | €0 | -€1,258 | -100.0% |
| Remuneration, social security and pensions | 62 | €2,500 | €0 | -€2,500 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €103,852 | €103,145 | -€706 | -0.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €19,137 | €15,104 | -€4,033 | -21.1% |
| Gross operating margin | 9900 | €105,418 | €131,118 | +€25,700 | +24.4% |
| Operating profit (loss) | 9901 | -€20,071 | €12,869 | +€32,940 | |
| Financial income | 75/76B | €69 | €7,056 | +€6,987 | +10089.5% |
| Recurring financial income | 75 | €69 | €7,056 | +€6,987 | +10089.5% |
| Financial charges | 65/66B | €17,286 | €15,636 | -€1,650 | -9.5% |
| Recurring financial charges | 65 | €17,286 | €15,636 | -€1,650 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | -€37,287 | €4,289 | +€41,576 | |
| Transfer from deferred taxes | 780 | €1,044 | €1,044 | = | 0.0% |
| Income taxes | 67/77 | €478 | €0 | -€478 | -100.0% |
| Profit (loss) for the period | 9904 | -€36,721 | €5,333 | +€42,054 | |
| Transfer from tax-exempt reserves | 789 | €2,226 | €2,226 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,496 | €7,559 | +€42,054 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.