Annie Where: 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 Where
Largest movements
- Intangible fixed assets -€139,194
down €139,194 (-100%), from €139,194 to €0
- Tangible fixed assets -€52,507
down €52,507 (-26.9%), from €195,390 to €142,883
of which Plant, machinery and equipment: -€50,985
- Cash +€45,372
up €45,372 (+448%), from €10,138 to €55,510
mainly Depreciation (+€187,533) and Investment in fixed assets (net) (+€14,025)
- Formation expenses -€9,856
down €9,856 (-100%), from €9,856 to €0
- Profit (loss) carried forward -€152,374
down €152,374 (-30.3%), from -€502,151 to -€654,524
- Trade debts -€8,996
down €8,996 (-82.7%), from €10,882 to €1,886
- Gross operating margin +€76,756
up €76,756, from -€41,555 to €35,201
- Depreciation +€71,430
up €71,430 (+61.5%), from €116,103 to €187,533
- Financial charges -€3,036
down €3,036 (-57.9%), from €5,248 to €2,212
- Financial income +€2,650
up €2,650 (+933%), from €284 to €2,934
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 | €362,731 | €202,904 | -€159,826 | -44.1% |
| Formation expenses | 20 | €9,856 | €0 | -€9,856 | -100% |
| Fixed assets | 21/28 | €334,585 | €142,883 | -€191,702 | -57.3% |
| Intangible fixed assets | 21 | €139,194 | €0 | -€139,194 | -100% |
| Tangible fixed assets | 22/27 | €195,390 | €142,883 | -€52,507 | -26.9% |
| Plant, machinery and equipment | 23 | €191,907 | €140,922 | -€50,985 | -26.6% |
| Furniture and vehicles | 24 | €3,483 | €1,961 | -€1,522 | -43.7% |
| Current assets | 29/58 | €18,290 | €60,022 | +€41,731 | +228% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €3,471 | €70 | -€3,401 | -98.0% |
| Trade receivables | 40 | €1,969 | €0 | -€1,969 | -100% |
| Other amounts receivable | 41 | €1,502 | €70 | -€1,433 | -95.4% |
| Current investments | 50/53 | €4,000 | €4,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €10,138 | €55,510 | +€45,372 | +448% |
| Deferred charges and accrued income | 490/1 | €681 | €441 | -€240 | -35.2% |
| Total equity and liabilities | 10/49 | €362,731 | €202,904 | -€159,826 | -44.1% |
| Equity | 10/15 | €351,849 | €199,476 | -€152,374 | -43.3% |
| Contributions | 10/11 | €850,000 | €850,000 | = | 0.0% |
| Reserves | 13 | €4,000 | €4,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,000 | €4,000 | = | 0.0% |
| Own shares acquired | 1312 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€502,151 | -€654,524 | -€152,374 | -30.3% |
| Amounts payable | 17/49 | €10,882 | €3,429 | -€7,453 | -68.5% |
| Amounts payable within one year | 42/48 | €10,882 | €3,429 | -€7,453 | -68.5% |
| Trade debts | 44 | €10,882 | €1,886 | -€8,996 | -82.7% |
| Suppliers | 440/4 | €10,882 | €1,886 | -€8,996 | -82.7% |
| Taxes, remuneration and social security | 45 | - | €1,543 | +€1,543 | |
| Taxes | 450/3 | - | €1,543 | +€1,543 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €116,103 | €187,533 | +€71,430 | +61.5% |
| Other operating charges | 640/8 | €687 | €764 | +€78 | +11.3% |
| Gross operating margin | 9900 | -€41,555 | €35,201 | +€76,756 | |
| Operating profit (loss) | 9901 | -€158,344 | -€153,096 | +€5,249 | +3.3% |
| Financial income | 75/76B | €284 | €2,934 | +€2,650 | +933% |
| Recurring financial income | 75 | €284 | €2,934 | +€2,650 | +933% |
| Financial charges | 65/66B | €5,248 | €2,212 | -€3,036 | -57.9% |
| Recurring financial charges | 65 | €5,248 | €2,212 | -€3,036 | -57.9% |
| Profit (loss) for the period before taxes | 9903 | -€163,308 | -€152,374 | +€10,935 | +6.7% |
| Profit (loss) for the period | 9904 | -€163,308 | -€152,374 | +€10,935 | +6.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€163,308 | -€152,374 | +€10,935 | +6.7% |
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 21 October 2026 via checked.be.