ANNIE - TRANS: 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 - TRANS
Largest movements
- Receivables within one year +€69,593
up €69,593 (+22.4%), from €311,318 to €380,911
of which Trade receivables: +€72,655
- Cash -€51,074
down €51,074 (-46.9%), from €108,972 to €57,898
mainly Investment in fixed assets (net) (-€166,923) and Receivables within one year (-€69,593)
- Tangible fixed assets +€47,652
up €47,652 (+16.6%), from €286,427 to €334,079
of which Furniture and vehicles: +€47,413
- Trade debts +€48,987
up €48,987 (+17.9%), from €273,612 to €322,599
- Reserves +€14,743
up €14,743 (+5.2%), from €284,043 to €298,786
of which Distributable reserves: +€14,744
- Current portion of long-term debt +€9,721
up €9,721 (+23.3%), from €41,745 to €51,466
- Depreciation +€26,595
up €26,595 (+28.7%), from €92,676 to €119,271
- Taxes +€5,399
up €5,399 (+117%), from €4,595 to €9,994
- Gross operating margin -€5,228
down €5,228 (-3.3%), from €157,609 to €152,381
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 | €708,779 | €777,136 | +€68,357 | +9.6% |
| Fixed assets | 21/28 | €286,562 | €334,214 | +€47,652 | +16.6% |
| Tangible fixed assets | 22/27 | €286,427 | €334,079 | +€47,652 | +16.6% |
| Plant, machinery and equipment | 23 | €11,751 | €11,990 | +€239 | +2.0% |
| Furniture and vehicles | 24 | €274,676 | €322,089 | +€47,413 | +17.3% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €422,217 | €442,922 | +€20,705 | +4.9% |
| Stocks and contracts in progress | 3 | €25 | €57 | +€32 | +128% |
| Stocks | 30/36 | €25 | €57 | +€32 | +128% |
| Amounts receivable within one year | 40/41 | €311,318 | €380,911 | +€69,593 | +22.4% |
| Trade receivables | 40 | €305,124 | €377,779 | +€72,655 | +23.8% |
| Other amounts receivable | 41 | €6,194 | €3,132 | -€3,062 | -49.4% |
| Cash at bank and in hand | 54/58 | €108,972 | €57,898 | -€51,074 | -46.9% |
| Deferred charges and accrued income | 490/1 | €1,902 | €4,055 | +€2,153 | +113% |
| Total equity and liabilities | 10/49 | €708,779 | €777,136 | +€68,357 | +9.6% |
| Equity | 10/15 | €304,043 | €318,786 | +€14,743 | +4.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €284,043 | €298,786 | +€14,743 | +5.2% |
| Tax-exempt reserves | 132 | €155,419 | €155,419 | -€0 | 0.0% |
| Distributable reserves | 133 | €128,624 | €143,368 | +€14,744 | +11.5% |
| Amounts payable | 17/49 | €404,736 | €458,350 | +€53,614 | +13.2% |
| Amounts payable after more than one year | 17 | €83,500 | €76,478 | -€7,022 | -8.4% |
| Financial debts | 170/4 | €83,500 | €76,478 | -€7,022 | -8.4% |
| Amounts payable within one year | 42/48 | €321,236 | €381,871 | +€60,635 | +18.9% |
| Current portion of amounts payable after more than one year | 42 | €41,745 | €51,466 | +€9,721 | +23.3% |
| Financial debts | 43 | €24 | €0 | -€24 | -100% |
| Credit institutions | 430/8 | €24 | €0 | -€24 | -100% |
| Trade debts | 44 | €273,612 | €322,599 | +€48,987 | +17.9% |
| Suppliers | 440/4 | €273,612 | €322,599 | +€48,987 | +17.9% |
| Taxes, remuneration and social security | 45 | €5,843 | €7,794 | +€1,951 | +33.4% |
| Taxes | 450/3 | €3,443 | €5,394 | +€1,951 | +56.7% |
| Remuneration and social security | 454/9 | €2,400 | €2,400 | = | 0.0% |
| Other amounts payable | 47/48 | €12 | €12 | -€1 | -4.2% |
| Non-recurring operating income | 76A | €47,000 | €8,000 | -€39,000 | -83.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,676 | €119,271 | +€26,595 | +28.7% |
| Other operating charges | 640/8 | €3,998 | €3,927 | -€71 | -1.8% |
| Gross operating margin | 9900 | €157,609 | €152,381 | -€5,228 | -3.3% |
| Operating profit (loss) | 9901 | €60,935 | €29,183 | -€31,752 | -52.1% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €4,159 | €4,447 | +€288 | +6.9% |
| Recurring financial charges | 65 | €4,159 | €4,447 | +€288 | +6.9% |
| Profit (loss) for the period before taxes | 9903 | €56,776 | €24,738 | -€32,038 | -56.4% |
| Income taxes | 67/77 | €4,595 | €9,994 | +€5,399 | +117% |
| Profit (loss) for the period | 9904 | €52,181 | €14,744 | -€37,437 | -71.7% |
| Transfer to tax-exempt reserves | 689 | €45,000 | €0 | -€45,000 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €7,181 | €14,744 | +€7,563 | +105% |
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.