ANNLIED: what changed
Two fiscal 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.
ANNLIED
Largest movements
- Current investments +€192,451
up €192,451 (+41.9%), from €459,243 to €651,694
- Cash +€174,076
up €174,076 (+444.2%), from €39,189 to €213,265
mainly Net result for the year (+€241,679) and Current portion of long-term debt (+€66,831)
- Receivables within one year -€37,330
down €37,330 (-25.9%), from €144,052 to €106,723
of which Other amounts receivable: -€39,900
- Reserves +€241,679
up €241,679 (+45.3%), from €533,679 to €775,358
- Current portion of long-term debt +€66,831
new in 2025: €66,831
- Tax, wage and social debts +€31,060
up €31,060 (+29.8%), from €104,188 to €135,248
- Other debts -€19,206
down €19,206 (-89.6%), from €21,443 to €2,236
- Gross operating margin +€21,567
up €21,567 (+6.5%), from €329,415 to €350,982
- Taxes +€10,783
up €10,783 (+10.4%), from €103,682 to €114,465
- Financial income +€6,631
up €6,631 (+73.4%), from €9,036 to €15,667
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 | €662,281 | €981,872 | +€319,592 | +48.3% |
| Fixed assets | 21/28 | €14,000 | €6,050 | -€7,950 | -56.8% |
| Tangible fixed assets | 22/27 | €14,000 | €6,050 | -€7,950 | -56.8% |
| Furniture and vehicles | 24 | €14,000 | €6,050 | -€7,950 | -56.8% |
| Current assets | 29/58 | €648,281 | €975,823 | +€327,542 | +50.5% |
| Amounts receivable within one year | 40/41 | €144,052 | €106,723 | -€37,330 | -25.9% |
| Trade receivables | 40 | €104,152 | €106,723 | +€2,570 | +2.5% |
| Other amounts receivable | 41 | €39,900 | €0 | -€39,900 | -100.0% |
| Current investments | 50/53 | €459,243 | €651,694 | +€192,451 | +41.9% |
| Cash at bank and in hand | 54/58 | €39,189 | €213,265 | +€174,076 | +444.2% |
| Deferred charges and accrued income | 490/1 | €5,797 | €4,141 | -€1,656 | -28.6% |
| Total equity and liabilities | 10/49 | €662,281 | €981,872 | +€319,592 | +48.3% |
| Equity | 10/15 | €534,679 | €776,358 | +€241,679 | +45.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €533,679 | €775,358 | +€241,679 | +45.3% |
| Distributable reserves | 133 | €533,679 | €775,358 | +€241,679 | +45.3% |
| Amounts payable | 17/49 | €127,602 | €205,514 | +€77,913 | +61.1% |
| Amounts payable within one year | 42/48 | €125,631 | €204,316 | +€78,684 | +62.6% |
| Current portion of amounts payable after more than one year | 42 | - | €66,831 | +€66,831 | |
| Taxes, remuneration and social security | 45 | €104,188 | €135,248 | +€31,060 | +29.8% |
| Taxes | 450/3 | €104,188 | €135,248 | +€31,060 | +29.8% |
| Other amounts payable | 47/48 | €21,443 | €2,236 | -€19,206 | -89.6% |
| Accrued charges and deferred income | 492/3 | €1,970 | €1,199 | -€772 | -39.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,950 | €7,950 | = | 0.0% |
| Other operating charges | 640/8 | €818 | €988 | +€170 | +20.7% |
| Gross operating margin | 9900 | €329,415 | €350,982 | +€21,567 | +6.5% |
| Operating profit (loss) | 9901 | €320,647 | €342,044 | +€21,397 | +6.7% |
| Financial income | 75/76B | €9,036 | €15,667 | +€6,631 | +73.4% |
| Recurring financial income | 75 | €9,036 | €15,667 | +€6,631 | +73.4% |
| Financial charges | 65/66B | €4,525 | €1,566 | -€2,959 | -65.4% |
| Recurring financial charges | 65 | €4,525 | €1,566 | -€2,959 | -65.4% |
| Profit (loss) for the period before taxes | 9903 | €325,158 | €356,144 | +€30,986 | +9.5% |
| Income taxes | 67/77 | €103,682 | €114,465 | +€10,783 | +10.4% |
| Profit (loss) for the period | 9904 | €221,475 | €241,679 | +€20,204 | +9.1% |
| Profit (loss) for the period to be appropriated | 9905 | €221,475 | €241,679 | +€20,204 | +9.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.