ANNICQ CONSULT: 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.
ANNICQ CONSULT
Largest movements
- Current investments -€100,000
down €100,000 (-100%), from €100,000 to €0
- Tangible fixed assets -€37,579
down €37,579 (-37.3%), from €100,732 to €63,153
of which Furniture and vehicles: -€33,406
- Receivables within one year +€25,620
up €25,620 (+14.3%), from €179,787 to €205,407
of which Other amounts receivable: +€19,551
- Cash -€17,380
down €17,380 (-4.8%), from €359,998 to €342,618
mainly Contributions, distributions and other (-€250,000) and Receivables within one year (-€25,620)
- Financial fixed assets +€11,054
up €11,054 (+4.1%), from €268,441 to €279,496
- Reserves -€121,402
down €121,402 (-15.9%), from €761,285 to €639,883
of which Distributable reserves: -€121,402
- Trade debts -€16,596
down €16,596 (-21.1%), from €78,770 to €62,174
- Other debts +€12,457
up €12,457 (+8.7%), from €143,548 to €156,006
- Gross operating margin -€224,006
down €224,006 (-52.6%), from €426,170 to €202,164
- Taxes -€58,547
down €58,547 (-51.3%), from €114,038 to €55,491
- Other operating charges -€45,593
down €45,593 (-86.1%), from €52,943 to €7,350
- Depreciation -€6,663
down €6,663 (-43.9%), from €15,188 to €8,525
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 | €1,054,599 | €939,451 | -€115,148 | -10.9% |
| Fixed assets | 21/28 | €369,173 | €342,648 | -€26,525 | -7.2% |
| Tangible fixed assets | 22/27 | €100,732 | €63,153 | -€37,579 | -37.3% |
| Land and buildings | 22 | €59,131 | €54,136 | -€4,995 | -8.4% |
| Plant, machinery and equipment | 23 | €82 | €904 | +€822 | +998% |
| Furniture and vehicles | 24 | €41,518 | €8,112 | -€33,406 | -80.5% |
| Financial fixed assets | 28 | €268,441 | €279,496 | +€11,054 | +4.1% |
| Current assets | 29/58 | €685,427 | €596,803 | -€88,624 | -12.9% |
| Amounts receivable after more than one year | 29 | €45,000 | €37,500 | -€7,500 | -16.7% |
| Other amounts receivable | 291 | €45,000 | €37,500 | -€7,500 | -16.7% |
| Amounts receivable within one year | 40/41 | €179,787 | €205,407 | +€25,620 | +14.3% |
| Trade receivables | 40 | €124,337 | €130,407 | +€6,069 | +4.9% |
| Other amounts receivable | 41 | €55,449 | €75,000 | +€19,551 | +35.3% |
| Current investments | 50/53 | €100,000 | €0 | -€100,000 | -100% |
| Cash at bank and in hand | 54/58 | €359,998 | €342,618 | -€17,380 | -4.8% |
| Deferred charges and accrued income | 490/1 | €642 | €11,278 | +€10,636 | +1,658% |
| Total equity and liabilities | 10/49 | €1,054,599 | €939,451 | -€115,148 | -10.9% |
| Equity | 10/15 | €822,785 | €701,383 | -€121,402 | -14.8% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €761,285 | €639,883 | -€121,402 | -15.9% |
| Non-distributable reserves | 130/1 | €11,820 | €11,820 | = | 0.0% |
| Legal reserve | 130 | €11,820 | €11,820 | = | 0.0% |
| Tax-exempt reserves | 132 | €47,044 | €47,044 | = | 0.0% |
| Distributable reserves | 133 | €702,421 | €581,020 | -€121,402 | -17.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €231,815 | €238,068 | +€6,253 | +2.7% |
| Amounts payable within one year | 42/48 | €231,815 | €238,068 | +€6,253 | +2.7% |
| Trade debts | 44 | €78,770 | €62,174 | -€16,596 | -21.1% |
| Suppliers | 440/4 | €78,770 | €62,174 | -€16,596 | -21.1% |
| Taxes, remuneration and social security | 45 | €9,496 | €19,888 | +€10,392 | +109% |
| Taxes | 450/3 | €9,496 | €19,888 | +€10,392 | +109% |
| Other amounts payable | 47/48 | €143,548 | €156,006 | +€12,457 | +8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,188 | €8,525 | -€6,663 | -43.9% |
| Other operating charges | 640/8 | €52,943 | €7,350 | -€45,593 | -86.1% |
| Gross operating margin | 9900 | €426,170 | €202,164 | -€224,006 | -52.6% |
| Operating profit (loss) | 9901 | €358,040 | €186,289 | -€171,750 | -48.0% |
| Financial income | 75/76B | €7,916 | €11,177 | +€3,261 | +41.2% |
| Recurring financial income | 75 | €7,916 | €11,177 | +€3,261 | +41.2% |
| Financial charges | 65/66B | €12,263 | €13,376 | +€1,113 | +9.1% |
| Recurring financial charges | 65 | €12,263 | €13,376 | +€1,113 | +9.1% |
| Profit (loss) for the period before taxes | 9903 | €353,693 | €184,090 | -€169,603 | -48.0% |
| Income taxes | 67/77 | €114,038 | €55,491 | -€58,547 | -51.3% |
| Profit (loss) for the period | 9904 | €239,655 | €128,598 | -€111,056 | -46.3% |
| Profit (loss) for the period to be appropriated | 9905 | €239,655 | €128,598 | -€111,056 | -46.3% |
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 19 October 2026 via checked.be.