ANNIE DESCHOEMACKER: 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 DESCHOEMACKER
Largest movements
- Cash +€202,831
up €202,831 (+100.7%), from €201,503 to €404,333
mainly Net result for the year (+€107,387) and Current investments (+€100,000)
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Deferred charges and accrued income -€12,559
down €12,559 (-22.3%), from €56,417 to €43,858
- Receivables after one year +€5,603
up €5,603 (+2009.6%), from €279 to €5,881
- Other debts +€71,166
new in 2025: €71,166
- Reserves +€36,221
up €36,221 (+11.4%), from €318,030 to €354,250
- Trade debts -€16,790
down €16,790 (-42.0%), from €39,945 to €23,155
- Gross operating margin +€61,210
up €61,210 (+24.4%), from €250,820 to €312,030
- Taxes +€16,814
up €16,814 (+47.6%), from €35,348 to €52,162
- Staff costs +€9,141
up €9,141 (+6.9%), from €132,513 to €141,654
- Financial income +€4,448
up €4,448 (+21793.2%), from €20 to €4,468
- Depreciation +€3,251
up €3,251 (+32.5%), from €9,998 to €13,249
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 | €420,321 | €513,051 | +€92,730 | +22.1% |
| Fixed assets | 21/28 | €61,069 | €56,887 | -€4,183 | -6.8% |
| Tangible fixed assets | 22/27 | €60,819 | €56,637 | -€4,183 | -6.9% |
| Land and buildings | 22 | €29,995 | €25,081 | -€4,914 | -16.4% |
| Plant, machinery and equipment | 23 | - | €550 | +€550 | |
| Furniture and vehicles | 24 | €30,825 | €31,006 | +€181 | +0.6% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €359,252 | €456,165 | +€96,913 | +27.0% |
| Amounts receivable after more than one year | 29 | €279 | €5,881 | +€5,603 | +2009.6% |
| Other amounts receivable | 291 | €279 | €5,881 | +€5,603 | +2009.6% |
| Amounts receivable within one year | 40/41 | €1,054 | €2,092 | +€1,038 | +98.5% |
| Trade receivables | 40 | €1,054 | €2,092 | +€1,038 | +98.5% |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €201,503 | €404,333 | +€202,831 | +100.7% |
| Deferred charges and accrued income | 490/1 | €56,417 | €43,858 | -€12,559 | -22.3% |
| Total equity and liabilities | 10/49 | €420,321 | €513,051 | +€92,730 | +22.1% |
| Equity | 10/15 | €330,430 | €366,650 | +€36,221 | +11.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €318,030 | €354,250 | +€36,221 | +11.4% |
| Distributable reserves | 133 | €318,030 | €354,250 | +€36,221 | +11.4% |
| Amounts payable | 17/49 | €89,892 | €146,401 | +€56,510 | +62.9% |
| Amounts payable within one year | 42/48 | €89,892 | €146,401 | +€56,510 | +62.9% |
| Trade debts | 44 | €39,945 | €23,155 | -€16,790 | -42.0% |
| Suppliers | 440/4 | €39,945 | €23,155 | -€16,790 | -42.0% |
| Taxes, remuneration and social security | 45 | €49,946 | €52,080 | +€2,134 | +4.3% |
| Taxes | 450/3 | €31,042 | €32,828 | +€1,786 | +5.8% |
| Remuneration and social security | 454/9 | €18,904 | €19,252 | +€348 | +1.8% |
| Other amounts payable | 47/48 | - | €71,166 | +€71,166 | |
| Non-recurring operating income | 76A | - | €10,500 | +€10,500 | |
| Remuneration, social security and pensions | 62 | €132,513 | €141,654 | +€9,141 | +6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,998 | €13,249 | +€3,251 | +32.5% |
| Other operating charges | 640/8 | €2,069 | €1,909 | -€160 | -7.7% |
| Gross operating margin | 9900 | €250,820 | €312,030 | +€61,210 | +24.4% |
| Operating profit (loss) | 9901 | €106,241 | €155,218 | +€48,977 | +46.1% |
| Financial income | 75/76B | €20 | €4,468 | +€4,448 | +21793.2% |
| Recurring financial income | 75 | €20 | €4,468 | +€4,448 | +21793.2% |
| Financial charges | 65/66B | €197 | €138 | -€59 | -30.0% |
| Recurring financial charges | 65 | €197 | €138 | -€59 | -30.0% |
| Profit (loss) for the period before taxes | 9903 | €106,065 | €159,549 | +€53,484 | +50.4% |
| Income taxes | 67/77 | €35,348 | €52,162 | +€16,814 | +47.6% |
| Profit (loss) for the period | 9904 | €70,717 | €107,387 | +€36,670 | +51.9% |
| Profit (loss) for the period to be appropriated | 9905 | €70,717 | €107,387 | +€36,670 | +51.9% |
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 11 October 2026 via checked.be.