ANNIE: 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.
ANNIE
Largest movements
- Cash -€44,896
down €44,896 (-43.0%), from €104,492 to €59,596
mainly Tax, wage and social debts (-€28,796) and Investment in fixed assets (net) (-€22,641)
- Receivables within one year +€5,983
up €5,983 (+686.8%), from €871 to €6,854
of which Other amounts receivable: +€5,410
- Tangible fixed assets -€5,698
down €5,698 (-2.4%), from €239,060 to €233,361
of which Furniture and vehicles: -€5,858
- Tax, wage and social debts -€28,796
no longer reported in 2025 (was €28,796)
- Profit (loss) carried forward -€9,471
down €9,471 (-19.4%), from €48,878 to €39,408
- Reserves -€4,860
down €4,860 (-3.2%), from €153,036 to €148,176
of which Tax-exempt reserves: -€4,860
- Gross operating margin +€18,980
up €18,980, from -€1,572 to €17,409
- Depreciation +€6,510
up €6,510 (+29.8%), from €21,829 to €28,339
- Other operating charges -€1,085
down €1,085 (-17.5%), from €6,211 to €5,125
- Financial income +€541
new in 2025: €541
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 | €345,704 | €301,130 | -€44,574 | -12.9% |
| Fixed assets | 21/28 | €239,060 | €233,361 | -€5,698 | -2.4% |
| Tangible fixed assets | 22/27 | €239,060 | €233,361 | -€5,698 | -2.4% |
| Land and buildings | 22 | €232,880 | €233,361 | +€482 | +0.2% |
| Plant, machinery and equipment | 23 | €322 | - | -€322 | |
| Furniture and vehicles | 24 | €5,858 | - | -€5,858 | |
| Current assets | 29/58 | €106,645 | €67,769 | -€38,876 | -36.5% |
| Amounts receivable within one year | 40/41 | €871 | €6,854 | +€5,983 | +686.8% |
| Trade receivables | 40 | - | €573 | +€573 | |
| Other amounts receivable | 41 | €871 | €6,281 | +€5,410 | +621.0% |
| Cash at bank and in hand | 54/58 | €104,492 | €59,596 | -€44,896 | -43.0% |
| Deferred charges and accrued income | 490/1 | €1,281 | €1,319 | +€38 | +2.9% |
| Total equity and liabilities | 10/49 | €345,704 | €301,130 | -€44,574 | -12.9% |
| Equity | 10/15 | €301,914 | €287,584 | -€14,331 | -4.7% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €153,036 | €148,176 | -€4,860 | -3.2% |
| Tax-exempt reserves | 132 | €44,139 | €39,279 | -€4,860 | -11.0% |
| Distributable reserves | 133 | €108,897 | €108,897 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,878 | €39,408 | -€9,471 | -19.4% |
| Provisions and deferred taxes | 16 | €14,713 | €13,093 | -€1,620 | -11.0% |
| Deferred taxes | 168 | €14,713 | €13,093 | -€1,620 | -11.0% |
| Amounts payable | 17/49 | €29,078 | €454 | -€28,623 | -98.4% |
| Amounts payable within one year | 42/48 | €29,078 | €454 | -€28,623 | -98.4% |
| Trade debts | 44 | €282 | €454 | +€172 | +61.0% |
| Suppliers | 440/4 | €282 | €454 | +€172 | +61.0% |
| Taxes, remuneration and social security | 45 | €28,796 | - | -€28,796 | |
| Taxes | 450/3 | €28,796 | - | -€28,796 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,829 | €28,339 | +€6,510 | +29.8% |
| Other operating charges | 640/8 | €6,211 | €5,125 | -€1,085 | -17.5% |
| Gross operating margin | 9900 | -€1,572 | €17,409 | +€18,980 | |
| Operating profit (loss) | 9901 | -€29,611 | -€16,056 | +€13,555 | +45.8% |
| Financial income | 75/76B | - | €541 | +€541 | |
| Recurring financial income | 75 | - | €541 | +€541 | |
| Financial charges | 65/66B | €192 | €270 | +€78 | +40.9% |
| Recurring financial charges | 65 | €192 | €270 | +€78 | +40.9% |
| Profit (loss) for the period before taxes | 9903 | -€29,803 | -€15,785 | +€14,018 | +47.0% |
| Transfer from deferred taxes | 780 | €1,620 | €1,620 | = | 0.0% |
| Income taxes | 67/77 | €174 | €165 | -€9 | -5.4% |
| Profit (loss) for the period | 9904 | -€28,358 | -€14,331 | +€14,027 | +49.5% |
| Transfer from tax-exempt reserves | 789 | €4,860 | €4,860 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,498 | -€9,471 | +€14,027 | +59.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.