ANNIE: 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.
ANNIE
Largest movements
- Cash -€40,959
down €40,959 (-20.3%), from €201,986 to €161,027
mainly Contributions, distributions and other (-€58,679) and Tax, wage and social debts (-€38,147)
- Receivables within one year -€16,766
down €16,766 (-20.8%), from €80,487 to €63,721
of which Trade receivables: -€19,104
- Reserves -€39,688
down €39,688 (-26.5%), from €150,016 to €110,328
of which Distributable reserves: -€39,688
- Other debts +€38,247
new in 2025: €38,247
- Tax, wage and social debts -€38,147
down €38,147 (-43.3%), from €88,106 to €49,959
of which Remuneration and social security: -€25,387
- Trade debts -€14,361
down €14,361 (-48.7%), from €29,481 to €15,119
- Current portion of long-term debt -€6,078
down €6,078 (-27.4%), from €22,190 to €16,112
- Staff costs +€34,077
up €34,077 (+8.4%), from €407,542 to €441,619
- Gross operating margin +€9,322
up €9,322 (+2.0%), from €469,622 to €478,945
- Depreciation -€6,860
down €6,860 (-66.0%), from €10,401 to €3,542
- Taxes -€5,073
down €5,073 (-31.4%), from €16,133 to €11,061
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 | €290,492 | €230,465 | -€60,027 | -20.7% |
| Fixed assets | 21/28 | €6,904 | €4,983 | -€1,921 | -27.8% |
| Tangible fixed assets | 22/27 | €6,904 | €4,983 | -€1,921 | -27.8% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €4,034 | €2,634 | -€1,399 | -34.7% |
| Leasing and similar rights | 25 | €1,614 | - | -€1,614 | |
| Other tangible fixed assets | 26 | €1,257 | €2,348 | +€1,092 | +86.9% |
| Current assets | 29/58 | €283,588 | €225,482 | -€58,106 | -20.5% |
| Amounts receivable within one year | 40/41 | €80,487 | €63,721 | -€16,766 | -20.8% |
| Trade receivables | 40 | €48,140 | €29,035 | -€19,104 | -39.7% |
| Other amounts receivable | 41 | €32,347 | €34,685 | +€2,338 | +7.2% |
| Cash at bank and in hand | 54/58 | €201,986 | €161,027 | -€40,959 | -20.3% |
| Deferred charges and accrued income | 490/1 | €1,115 | €735 | -€381 | -34.1% |
| Total equity and liabilities | 10/49 | €290,492 | €230,465 | -€60,027 | -20.7% |
| Equity | 10/15 | €150,715 | €111,027 | -€39,688 | -26.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €150,016 | €110,328 | -€39,688 | -26.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €148,156 | €108,468 | -€39,688 | -26.8% |
| Profit (loss) carried forward | 14 | -€5,501 | -€5,501 | = | 0.0% |
| Amounts payable | 17/49 | €139,777 | €119,438 | -€20,339 | -14.6% |
| Amounts payable within one year | 42/48 | €139,777 | €119,438 | -€20,339 | -14.6% |
| Current portion of amounts payable after more than one year | 42 | €22,190 | €16,112 | -€6,078 | -27.4% |
| Trade debts | 44 | €29,481 | €15,119 | -€14,361 | -48.7% |
| Suppliers | 440/4 | €29,481 | €15,119 | -€14,361 | -48.7% |
| Taxes, remuneration and social security | 45 | €88,106 | €49,959 | -€38,147 | -43.3% |
| Taxes | 450/3 | €27,210 | €14,450 | -€12,760 | -46.9% |
| Remuneration and social security | 454/9 | €60,896 | €35,509 | -€25,387 | -41.7% |
| Other amounts payable | 47/48 | - | €38,247 | +€38,247 | |
| Remuneration, social security and pensions | 62 | €407,542 | €441,619 | +€34,077 | +8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,401 | €3,542 | -€6,860 | -66.0% |
| Other operating charges | 640/8 | €1,945 | €1,995 | +€50 | +2.6% |
| Gross operating margin | 9900 | €469,622 | €478,945 | +€9,322 | +2.0% |
| Operating profit (loss) | 9901 | €49,734 | €31,788 | -€17,945 | -36.1% |
| Financial income | 75/76B | €1,157 | €931 | -€226 | -19.5% |
| Recurring financial income | 75 | €1,157 | €931 | -€226 | -19.5% |
| Financial charges | 65/66B | €3,390 | €2,668 | -€723 | -21.3% |
| Recurring financial charges | 65 | €3,390 | €2,668 | -€723 | -21.3% |
| Profit (loss) for the period before taxes | 9903 | €47,500 | €30,051 | -€17,449 | -36.7% |
| Income taxes | 67/77 | €16,133 | €11,061 | -€5,073 | -31.4% |
| Profit (loss) for the period | 9904 | €31,367 | €18,991 | -€12,376 | -39.5% |
| Profit (loss) for the period to be appropriated | 9905 | €31,367 | €18,991 | -€12,376 | -39.5% |
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 11 October 2026 via checked.be.