ANNO-NINE: 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.
ANNO-NINE
Largest movements
- Receivables within one year +€28,804
up €28,804 (+157%), from €18,323 to €47,128
of which Other amounts receivable: +€32,161
- Stocks and contracts -€5,619
down €5,619 (-16.6%), from €33,765 to €28,146
- Profit (loss) carried forward +€12,532
up €12,532 (+45.3%), from -€27,679 to -€15,147
- Tax, wage and social debts +€7,594
up €7,594 (+195%), from €3,900 to €11,494
- Debts after one year +€7,495
up €7,495 (+11.7%), from €64,319 to €71,814
of which Trade debts: +€7,495
- Other debts -€4,490
no longer reported in 2025 (was €4,490)
- Trade debts -€1,544
down €1,544 (-37.5%), from €4,122 to €2,578
- Gross operating margin +€12,137
up €12,137 (+105%), from €11,608 to €23,745
- Taxes +€4,848
up €4,848 (+123%), from €3,946 to €8,794
- Depreciation -€1,307
down €1,307 (-60.5%), from €2,159 to €852
- Financial income +€286
up €286 (+28,882%), from €1 to €287
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 | €64,011 | €85,599 | +€21,588 | +33.7% |
| Fixed assets | 21/28 | €5,991 | €5,139 | -€852 | -14.2% |
| Tangible fixed assets | 22/27 | €5,991 | €5,139 | -€852 | -14.2% |
| Land and buildings | 22 | €5,137 | €4,488 | -€649 | -12.6% |
| Plant, machinery and equipment | 23 | €853 | €650 | -€203 | -23.8% |
| Current assets | 29/58 | €58,021 | €80,460 | +€22,440 | +38.7% |
| Stocks and contracts in progress | 3 | €33,765 | €28,146 | -€5,619 | -16.6% |
| Stocks | 30/36 | €33,765 | €28,146 | -€5,619 | -16.6% |
| Amounts receivable within one year | 40/41 | €18,323 | €47,128 | +€28,804 | +157% |
| Trade receivables | 40 | €17,825 | €14,469 | -€3,356 | -18.8% |
| Other amounts receivable | 41 | €498 | €32,658 | +€32,161 | +6,460% |
| Cash at bank and in hand | 54/58 | €5,537 | €4,756 | -€781 | -14.1% |
| Deferred charges and accrued income | 490/1 | €395 | €431 | +€36 | +9.0% |
| Total equity and liabilities | 10/49 | €64,011 | €85,599 | +€21,588 | +33.7% |
| Equity | 10/15 | -€14,819 | -€2,287 | +€12,532 | +84.6% |
| Contributions | 10/11 | €11,000 | €11,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,679 | -€15,147 | +€12,532 | +45.3% |
| Amounts payable | 17/49 | €78,831 | €87,886 | +€9,055 | +11.5% |
| Amounts payable after more than one year | 17 | €64,319 | €71,814 | +€7,495 | +11.7% |
| Trade debts | 175 | €40,319 | €47,814 | +€7,495 | +18.6% |
| Other amounts payable | 178/9 | €24,000 | €24,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €12,511 | €14,072 | +€1,561 | +12.5% |
| Trade debts | 44 | €4,122 | €2,578 | -€1,544 | -37.5% |
| Suppliers | 440/4 | €4,122 | €2,578 | -€1,544 | -37.5% |
| Taxes, remuneration and social security | 45 | €3,900 | €11,494 | +€7,594 | +195% |
| Taxes | 450/3 | €3,900 | €11,494 | +€7,594 | +195% |
| Other amounts payable | 47/48 | €4,490 | - | -€4,490 | |
| Accrued charges and deferred income | 492/3 | €2,000 | €2,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,159 | €852 | -€1,307 | -60.5% |
| Other operating charges | 640/8 | €1,092 | €1,098 | +€7 | +0.6% |
| Gross operating margin | 9900 | €11,608 | €23,745 | +€12,137 | +105% |
| Operating profit (loss) | 9901 | €8,358 | €21,795 | +€13,437 | +161% |
| Financial income | 75/76B | €1 | €287 | +€286 | +28,882% |
| Recurring financial income | 75 | €1 | €287 | +€286 | +28,882% |
| Financial charges | 65/66B | €869 | €755 | -€113 | -13.0% |
| Recurring financial charges | 65 | €869 | €755 | -€113 | -13.0% |
| Profit (loss) for the period before taxes | 9903 | €7,490 | €21,326 | +€13,837 | +185% |
| Income taxes | 67/77 | €3,946 | €8,794 | +€4,848 | +123% |
| Profit (loss) for the period | 9904 | €3,544 | €12,532 | +€8,988 | +254% |
| Profit (loss) for the period to be appropriated | 9905 | €3,544 | €12,532 | +€8,988 | +254% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.