ANNICK VAN HERPE: 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.
ANNICK VAN HERPE
Largest movements
- Receivables within one year -€143,875
down €143,875 (-39.0%), from €369,247 to €225,373
of which Other amounts receivable: -€122,095
- Cash +€46,558
up €46,558 (+309%), from €15,054 to €61,612
mainly Other debts (+€312,833) and Receivables within one year (+€143,875)
- Current investments +€17,500
up €17,500 (+11.4%), from €153,022 to €170,523
- Reserves -€372,711
down €372,711 (-45.0%), from €827,496 to €454,785
- Other debts +€312,833
up €312,833 (+811%), from €38,596 to €351,428
- Debts after one year -€18,200
down €18,200 (-52.2%), from €34,883 to €16,683
- Gross operating margin -€17,204
down €17,204 (-15.4%), from €111,700 to €94,496
- Depreciation +€3,975
up €3,975 (+29.1%), from €13,682 to €17,656
- Financial income +€3,612
up €3,612 (+57.9%), from €6,243 to €9,856
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.
Derived cash bridge
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 | €949,484 | €876,321 | -€73,163 | -7.7% |
| Fixed assets | 21/28 | €409,136 | €408,220 | -€916 | -0.2% |
| Tangible fixed assets | 22/27 | €23,856 | €22,940 | -€916 | -3.8% |
| Land and buildings | 22 | €20,550 | €8,479 | -€12,072 | -58.7% |
| Furniture and vehicles | 24 | €3,306 | €14,462 | +€11,155 | +337% |
| Financial fixed assets | 28 | €385,280 | €385,280 | = | 0.0% |
| Current assets | 29/58 | €540,348 | €468,102 | -€72,247 | -13.4% |
| Amounts receivable within one year | 40/41 | €369,247 | €225,373 | -€143,875 | -39.0% |
| Trade receivables | 40 | €21,807 | €27 | -€21,780 | -99.9% |
| Other amounts receivable | 41 | €347,440 | €225,345 | -€122,095 | -35.1% |
| Current investments | 50/53 | €153,022 | €170,523 | +€17,500 | +11.4% |
| Cash at bank and in hand | 54/58 | €15,054 | €61,612 | +€46,558 | +309% |
| Deferred charges and accrued income | 490/1 | €3,025 | €10,594 | +€7,570 | +250% |
| Total equity and liabilities | 10/49 | €949,484 | €876,321 | -€73,163 | -7.7% |
| Equity | 10/15 | €839,896 | €467,185 | -€372,711 | -44.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €827,496 | €454,785 | -€372,711 | -45.0% |
| Distributable reserves | 133 | €827,496 | €454,785 | -€372,711 | -45.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €109,588 | €409,136 | +€299,548 | +273% |
| Amounts payable after more than one year | 17 | €34,883 | €16,683 | -€18,200 | -52.2% |
| Financial debts | 170/4 | €34,883 | €16,683 | -€18,200 | -52.2% |
| Amounts payable within one year | 42/48 | €73,018 | €390,823 | +€317,805 | +435% |
| Current portion of amounts payable after more than one year | 42 | €18,200 | €18,200 | = | 0.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €483 | €1,706 | +€1,222 | +253% |
| Suppliers | 440/4 | €483 | €1,706 | +€1,222 | +253% |
| Taxes, remuneration and social security | 45 | €15,739 | €19,489 | +€3,750 | +23.8% |
| Taxes | 450/3 | €15,739 | €19,489 | +€3,750 | +23.8% |
| Other amounts payable | 47/48 | €38,596 | €351,428 | +€312,833 | +811% |
| Accrued charges and deferred income | 492/3 | €1,687 | €1,630 | -€57 | -3.4% |
| Remuneration, social security and pensions | 62 | €6,813 | €6,921 | +€108 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,682 | €17,656 | +€3,975 | +29.1% |
| Other operating charges | 640/8 | €1,590 | €1,639 | +€49 | +3.1% |
| Gross operating margin | 9900 | €111,700 | €94,496 | -€17,204 | -15.4% |
| Operating profit (loss) | 9901 | €89,616 | €68,280 | -€21,336 | -23.8% |
| Financial income | 75/76B | €6,243 | €9,856 | +€3,612 | +57.9% |
| Recurring financial income | 75 | €6,243 | €9,856 | +€3,612 | +57.9% |
| Financial charges | 65/66B | €2,460 | €2,050 | -€410 | -16.7% |
| Recurring financial charges | 65 | €2,460 | €2,050 | -€410 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | €93,399 | €76,086 | -€17,313 | -18.5% |
| Income taxes | 67/77 | €26,957 | €27,497 | +€540 | +2.0% |
| Profit (loss) for the period | 9904 | €66,442 | €48,589 | -€17,853 | -26.9% |
| Profit (loss) for the period to be appropriated | 9905 | €66,442 | €48,589 | -€17,853 | -26.9% |
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 18 October 2026 via checked.be.