ANNINVEST: 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.
ANNINVEST
Largest movements
- Cash +€201,952
up €201,952 (+15.9%), from €1.3m to €1.5m
mainly Net result for the year (+€151,735) and Receivables within one year (+€27,887)
- Reserves +€151,000
up €151,000 (+20.7%), from €728,847 to €879,847
of which Distributable reserves: +€151,000
- Gross operating margin +€31,604
up €31,604 (+13.0%), from €242,641 to €274,245
- Financial income -€19,462
down €19,462 (-36.8%), from €52,902 to €33,441
- Depreciation +€6,288
up €6,288 (+71.2%), from €8,834 to €15,121
- Financial charges -€5,678
down €5,678 (-45.1%), from €12,592 to €6,915
of which Financial charges: -€5,059
- Taxes +€4,834
up €4,834 (+7.2%), from €67,383 to €72,217
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 | €3,398,075 | €3,559,013 | +€160,939 | +4.7% |
| Fixed assets | 21/28 | €387,798 | €378,248 | -€9,550 | -2.5% |
| Tangible fixed assets | 22/27 | €387,723 | €378,173 | -€9,550 | -2.5% |
| Land and buildings | 22 | €190,382 | €190,382 | = | 0.0% |
| Plant, machinery and equipment | 23 | €196,713 | €187,719 | -€8,994 | -4.6% |
| Furniture and vehicles | 24 | €628 | €72 | -€556 | -88.5% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €3,010,276 | €3,180,765 | +€170,489 | +5.7% |
| Amounts receivable within one year | 40/41 | €27,887 | - | -€27,887 | |
| Other amounts receivable | 41 | €27,887 | - | -€27,887 | |
| Current investments | 50/53 | €1,710,486 | €1,710,486 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,268,327 | €1,470,279 | +€201,952 | +15.9% |
| Deferred charges and accrued income | 490/1 | €3,577 | - | -€3,577 | |
| Total equity and liabilities | 10/49 | €3,398,075 | €3,559,013 | +€160,939 | +4.7% |
| Equity | 10/15 | €3,126,373 | €3,278,108 | +€151,735 | +4.9% |
| Contributions | 10/11 | €768,470 | €768,470 | = | 0.0% |
| Capital | 10 | €768,470 | €768,470 | = | 0.0% |
| Issued capital | 100 | €768,470 | €768,470 | = | 0.0% |
| Reserves | 13 | €728,847 | €879,847 | +€151,000 | +20.7% |
| Non-distributable reserves | 130/1 | €76,847 | €76,847 | = | 0.0% |
| Legal reserve | 130 | €76,847 | €76,847 | = | 0.0% |
| Distributable reserves | 133 | €652,000 | €803,000 | +€151,000 | +23.2% |
| Profit (loss) carried forward | 14 | €1,629,056 | €1,629,791 | +€735 | 0.0% |
| Amounts payable | 17/49 | €271,702 | €280,905 | +€9,204 | +3.4% |
| Amounts payable after more than one year | 17 | - | €2,200 | +€2,200 | |
| Other amounts payable | 178/9 | - | €2,200 | +€2,200 | |
| Amounts payable within one year | 42/48 | €271,702 | €278,705 | +€7,004 | +2.6% |
| Trade debts | 44 | €10,652 | €8,912 | -€1,741 | -16.3% |
| Suppliers | 440/4 | €10,652 | €8,912 | -€1,741 | -16.3% |
| Taxes, remuneration and social security | 45 | €2,350 | €6,475 | +€4,125 | +176% |
| Taxes | 450/3 | - | €4,125 | +€4,125 | |
| Remuneration and social security | 454/9 | €2,350 | €2,350 | = | 0.0% |
| Other amounts payable | 47/48 | €258,699 | €263,318 | +€4,619 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,834 | €15,121 | +€6,288 | +71.2% |
| Other operating charges | 640/8 | €63,846 | €61,698 | -€2,148 | -3.4% |
| Gross operating margin | 9900 | €242,641 | €274,245 | +€31,604 | +13.0% |
| Operating profit (loss) | 9901 | €169,961 | €197,426 | +€27,465 | +16.2% |
| Financial income | 75/76B | €52,902 | €33,441 | -€19,462 | -36.8% |
| Recurring financial income | 75 | €52,902 | €33,441 | -€19,462 | -36.8% |
| Financial charges | 65/66B | €12,592 | €6,915 | -€5,678 | -45.1% |
| Recurring financial charges | 65 | €11,973 | €6,915 | -€5,059 | -42.2% |
| Non-recurring financial charges | 66B | €619 | - | -€619 | |
| Profit (loss) for the period before taxes | 9903 | €210,271 | €223,952 | +€13,681 | +6.5% |
| Income taxes | 67/77 | €67,383 | €72,217 | +€4,834 | +7.2% |
| Profit (loss) for the period | 9904 | €142,888 | €151,735 | +€8,847 | +6.2% |
| Profit (loss) for the period to be appropriated | 9905 | €142,888 | €151,735 | +€8,847 | +6.2% |
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 1 November 2026 via checked.be.