Annivan: 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.
Annivan
Largest movements
- Current investments +€205,250
up €205,250 (+222%), from €92,311 to €297,561
- Cash -€158,016
down €158,016 (-45.4%), from €347,884 to €189,868
mainly Current investments (-€205,250) and Debts after one year (-€60,317)
- Tangible fixed assets -€62,297
down €62,297 (-11.0%), from €567,383 to €505,086
- Receivables within one year -€15,358
down €15,358 (-21.1%), from €72,833 to €57,475
of which Trade receivables: -€18,755
- Reserves +€87,276
up €87,276 (+11.9%), from €732,885 to €820,161
- Debts after one year -€60,317
down €60,317 (-35.8%), from €168,667 to €108,349
- Trade debts -€35,141
down €35,141 (-63.8%), from €55,057 to €19,916
- Current portion of long-term debt -€11,059
down €11,059 (-15.5%), from €71,376 to €60,317
- Gross operating margin -€54,255
down €54,255 (-9.1%), from €596,329 to €542,074
- Taxes -€20,717
down €20,717 (-34.9%), from €59,436 to €38,719
- Staff costs +€11,670
up €11,670 (+3.9%), from €296,342 to €308,012
- Depreciation +€9,937
up €9,937 (+15.1%), from €66,011 to €75,948
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 | €1,099,790 | €1,080,951 | -€18,840 | -1.7% |
| Fixed assets | 21/28 | €567,383 | €505,086 | -€62,297 | -11.0% |
| Tangible fixed assets | 22/27 | €567,383 | €505,086 | -€62,297 | -11.0% |
| Land and buildings | 22 | €278,923 | €267,879 | -€11,044 | -4.0% |
| Plant, machinery and equipment | 23 | €239,819 | €210,872 | -€28,946 | -12.1% |
| Furniture and vehicles | 24 | €9,140 | €10,212 | +€1,072 | +11.7% |
| Leasing and similar rights | 25 | €26,499 | €0 | -€26,499 | -100% |
| Other tangible fixed assets | 26 | €13,003 | €16,123 | +€3,120 | +24.0% |
| Current assets | 29/58 | €532,408 | €575,865 | +€43,458 | +8.2% |
| Stocks and contracts in progress | 3 | €5,973 | €14,855 | +€8,881 | +149% |
| Stocks | 30/36 | €5,973 | €14,855 | +€8,881 | +149% |
| Amounts receivable within one year | 40/41 | €72,833 | €57,475 | -€15,358 | -21.1% |
| Trade receivables | 40 | €32,289 | €13,534 | -€18,755 | -58.1% |
| Other amounts receivable | 41 | €40,544 | €43,942 | +€3,398 | +8.4% |
| Current investments | 50/53 | €92,311 | €297,561 | +€205,250 | +222% |
| Cash at bank and in hand | 54/58 | €347,884 | €189,868 | -€158,016 | -45.4% |
| Deferred charges and accrued income | 490/1 | €13,406 | €16,106 | +€2,700 | +20.1% |
| Total equity and liabilities | 10/49 | €1,099,790 | €1,080,951 | -€18,840 | -1.7% |
| Equity | 10/15 | €752,885 | €840,161 | +€87,276 | +11.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €732,885 | €820,161 | +€87,276 | +11.9% |
| Distributable reserves | 133 | €732,885 | €820,161 | +€87,276 | +11.9% |
| Amounts payable | 17/49 | €346,906 | €240,790 | -€106,116 | -30.6% |
| Amounts payable after more than one year | 17 | €168,667 | €108,349 | -€60,317 | -35.8% |
| Financial debts | 170/4 | €168,667 | €108,349 | -€60,317 | -35.8% |
| Amounts payable within one year | 42/48 | €178,239 | €131,641 | -€46,598 | -26.1% |
| Current portion of amounts payable after more than one year | 42 | €71,376 | €60,317 | -€11,059 | -15.5% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €55,057 | €19,916 | -€35,141 | -63.8% |
| Suppliers | 440/4 | €55,057 | €19,916 | -€35,141 | -63.8% |
| Taxes, remuneration and social security | 45 | €51,806 | €51,408 | -€398 | -0.8% |
| Taxes | 450/3 | €23,168 | €26,665 | +€3,498 | +15.1% |
| Remuneration and social security | 454/9 | €28,638 | €24,742 | -€3,896 | -13.6% |
| Accrued charges and deferred income | 492/3 | €0 | €800 | +€800 | |
| Remuneration, social security and pensions | 62 | €296,342 | €308,012 | +€11,670 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,011 | €75,948 | +€9,937 | +15.1% |
| Other operating charges | 640/8 | €34,858 | €36,293 | +€1,435 | +4.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €596,329 | €542,074 | -€54,255 | -9.1% |
| Operating profit (loss) | 9901 | €199,119 | €121,822 | -€77,296 | -38.8% |
| Financial income | 75/76B | €6,463 | €10,202 | +€3,739 | +57.8% |
| Recurring financial income | 75 | €6,463 | €10,202 | +€3,739 | +57.8% |
| Financial charges | 65/66B | €8,870 | €6,029 | -€2,842 | -32.0% |
| Recurring financial charges | 65 | €8,870 | €6,029 | -€2,842 | -32.0% |
| Profit (loss) for the period before taxes | 9903 | €196,711 | €125,995 | -€70,716 | -35.9% |
| Income taxes | 67/77 | €59,436 | €38,719 | -€20,717 | -34.9% |
| Profit (loss) for the period | 9904 | €137,275 | €87,276 | -€49,999 | -36.4% |
| Profit (loss) for the period to be appropriated | 9905 | €137,275 | €87,276 | -€49,999 | -36.4% |
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 24 October 2026 via checked.be.