Annotise: what changed
Annotise
Largest movements
- Cash -€42,868
down €42,868 (-88.0%), from €48,695 to €5,828
mainly Net result for the year (-€35,055) and Tax, wage and social debts (-€24,266)
- Receivables within one year -€22,070
down €22,070 (-40.0%), from €55,142 to €33,072
of which Other amounts receivable: -€12,169
- Intangible fixed assets -€2,931
down €2,931 (-100%), from €2,931 to €0
- Tangible fixed assets -€1,736
down €1,736 (-32.6%), from €5,322 to €3,586
- Profit (loss) carried forward -€35,055
down €35,055 (-817%), from -€4,288 to -€39,343
- Tax, wage and social debts -€24,266
down €24,266 (-52.5%), from €46,241 to €21,975
of which Remuneration and social security: -€20,164
- Other debts -€5,093
down €5,093 (-80.5%), from €6,329 to €1,237
- Short-term financial debts -€3,223
down €3,223 (-54.5%), from €5,919 to €2,696
- Trade debts -€1,502
down €1,502 (-25.0%), from €6,017 to €4,515
- Gross operating margin -€50,386
down €50,386 (-34.0%), from €148,198 to €97,812
- Staff costs -€21,585
down €21,585 (-14.7%), from €147,226 to €125,640
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €135,582 | €66,443 | -€69,139 | -51.0% |
| Fixed assets | 21/28 | €8,304 | €3,636 | -€4,667 | -56.2% |
| Intangible fixed assets | 21 | €2,931 | €0 | -€2,931 | -100% |
| Tangible fixed assets | 22/27 | €5,322 | €3,586 | -€1,736 | -32.6% |
| Plant, machinery and equipment | 23 | €5,322 | €3,586 | -€1,736 | -32.6% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €127,279 | €62,807 | -€64,471 | -50.7% |
| Amounts receivable after more than one year | 29 | €22,000 | €22,000 | = | 0.0% |
| Other amounts receivable | 291 | €22,000 | €22,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €55,142 | €33,072 | -€22,070 | -40.0% |
| Trade receivables | 40 | €40,666 | €30,765 | -€9,901 | -24.3% |
| Other amounts receivable | 41 | €14,476 | €2,307 | -€12,169 | -84.1% |
| Cash at bank and in hand | 54/58 | €48,695 | €5,828 | -€42,868 | -88.0% |
| Deferred charges and accrued income | 490/1 | €1,441 | €1,907 | +€466 | +32.3% |
| Total equity and liabilities | 10/49 | €135,582 | €66,443 | -€69,139 | -51.0% |
| Equity | 10/15 | €71,076 | €36,020 | -€35,055 | -49.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €56,814 | €56,814 | = | 0.0% |
| Distributable reserves | 133 | €56,814 | €56,814 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,288 | -€39,343 | -€35,055 | -817% |
| Amounts payable | 17/49 | €64,507 | €30,423 | -€34,084 | -52.8% |
| Amounts payable within one year | 42/48 | €64,507 | €30,423 | -€34,084 | -52.8% |
| Financial debts | 43 | €5,919 | €2,696 | -€3,223 | -54.5% |
| Credit institutions | 430/8 | €5,919 | €2,696 | -€3,223 | -54.5% |
| Trade debts | 44 | €6,017 | €4,515 | -€1,502 | -25.0% |
| Suppliers | 440/4 | €6,017 | €4,515 | -€1,502 | -25.0% |
| Taxes, remuneration and social security | 45 | €46,241 | €21,975 | -€24,266 | -52.5% |
| Taxes | 450/3 | €15,220 | €11,117 | -€4,103 | -27.0% |
| Remuneration and social security | 454/9 | €31,021 | €10,858 | -€20,164 | -65.0% |
| Other amounts payable | 47/48 | €6,329 | €1,237 | -€5,093 | -80.5% |
| Remuneration, social security and pensions | 62 | €147,226 | €125,640 | -€21,585 | -14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,978 | €1,736 | -€242 | -12.2% |
| Other operating charges | 640/8 | €569 | €186 | -€383 | -67.4% |
| Non-recurring operating charges | 66A | - | €2,931 | +€2,931 | |
| Gross operating margin | 9900 | €148,198 | €97,812 | -€50,386 | -34.0% |
| Operating profit (loss) | 9901 | -€1,575 | -€32,682 | -€31,106 | -1,975% |
| Financial income | 75/76B | €14 | €97 | +€83 | +573% |
| Recurring financial income | 75 | €14 | €97 | +€83 | +573% |
| Financial charges | 65/66B | €2,203 | €2,212 | +€9 | +0.4% |
| Recurring financial charges | 65 | €2,203 | €2,212 | +€9 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | -€3,764 | -€34,797 | -€31,033 | -824% |
| Income taxes | 67/77 | €524 | €258 | -€266 | -50.7% |
| Profit (loss) for the period | 9904 | -€4,288 | -€35,055 | -€30,767 | -717% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,288 | -€35,055 | -€30,767 | -717% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.