ANNTRANS: 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.
ANNTRANS
Largest movements
- Tangible fixed assets +€51,922
up €51,922 (+12.8%), from €405,103 to €457,025
of which Furniture and vehicles: +€54,666
- Receivables within one year -€38,667
down €38,667 (-13.1%), from €295,132 to €256,465
of which Trade receivables: -€37,615
- Cash -€17,586
down €17,586 (-6.4%), from €275,151 to €257,565
mainly Investment in fixed assets (net) (-€212,432) and Contributions, distributions and other (-€143,935)
- Reserves -€106,218
down €106,218 (-24.5%), from €432,962 to €326,745
- Other debts +€94,559
up €94,559 (+81.1%), from €116,580 to €211,139
- Trade debts -€57,693
down €57,693 (-53.5%), from €107,741 to €50,048
- Current portion of long-term debt +€34,249
up €34,249 (+33.9%), from €101,094 to €135,343
- Debts after one year +€17,416
up €17,416 (+9.3%), from €186,279 to €203,695
- Gross operating margin -€60,117
down €60,117 (-7.5%), from €804,506 to €744,389
- Staff costs -€23,274
down €23,274 (-4.4%), from €526,349 to €503,075
- Taxes -€18,595
down €18,595 (-55.7%), from €33,380 to €14,785
- Depreciation +€14,938
up €14,938 (+10.1%), from €147,573 to €162,511
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 | €1,032,665 | €1,019,733 | -€12,932 | -1.3% |
| Fixed assets | 21/28 | €412,830 | €462,752 | +€49,922 | +12.1% |
| Tangible fixed assets | 22/27 | €405,103 | €457,025 | +€51,922 | +12.8% |
| Land and buildings | 22 | €33,980 | €32,904 | -€1,076 | -3.2% |
| Plant, machinery and equipment | 23 | €21,542 | €19,874 | -€1,668 | -7.7% |
| Furniture and vehicles | 24 | €349,580 | €404,246 | +€54,666 | +15.6% |
| Financial fixed assets | 28 | €7,728 | €5,728 | -€2,000 | -25.9% |
| Current assets | 29/58 | €619,835 | €556,981 | -€62,854 | -10.1% |
| Amounts receivable within one year | 40/41 | €295,132 | €256,465 | -€38,667 | -13.1% |
| Trade receivables | 40 | €282,794 | €245,180 | -€37,615 | -13.3% |
| Other amounts receivable | 41 | €12,338 | €11,286 | -€1,052 | -8.5% |
| Cash at bank and in hand | 54/58 | €275,151 | €257,565 | -€17,586 | -6.4% |
| Deferred charges and accrued income | 490/1 | €49,551 | €42,951 | -€6,601 | -13.3% |
| Total equity and liabilities | 10/49 | €1,032,665 | €1,019,733 | -€12,932 | -1.3% |
| Equity | 10/15 | €452,962 | €346,745 | -€106,218 | -23.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €432,962 | €326,745 | -€106,218 | -24.5% |
| Distributable reserves | 133 | €432,962 | €326,745 | -€106,218 | -24.5% |
| Amounts payable | 17/49 | €579,703 | €672,988 | +€93,286 | +16.1% |
| Amounts payable after more than one year | 17 | €186,279 | €203,695 | +€17,416 | +9.3% |
| Financial debts | 170/4 | €186,279 | €203,695 | +€17,416 | +9.3% |
| Amounts payable within one year | 42/48 | €389,164 | €464,559 | +€75,394 | +19.4% |
| Current portion of amounts payable after more than one year | 42 | €101,094 | €135,343 | +€34,249 | +33.9% |
| Trade debts | 44 | €107,741 | €50,048 | -€57,693 | -53.5% |
| Suppliers | 440/4 | €107,741 | €50,048 | -€57,693 | -53.5% |
| Taxes, remuneration and social security | 45 | €63,749 | €68,028 | +€4,279 | +6.7% |
| Taxes | 450/3 | €21,591 | €25,178 | +€3,587 | +16.6% |
| Remuneration and social security | 454/9 | €42,158 | €42,850 | +€692 | +1.6% |
| Other amounts payable | 47/48 | €116,580 | €211,139 | +€94,559 | +81.1% |
| Accrued charges and deferred income | 492/3 | €4,259 | €4,735 | +€476 | +11.2% |
| Remuneration, social security and pensions | 62 | €526,349 | €503,075 | -€23,274 | -4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €147,573 | €162,511 | +€14,938 | +10.1% |
| Other operating charges | 640/8 | €8,647 | €7,956 | -€691 | -8.0% |
| Gross operating margin | 9900 | €804,506 | €744,389 | -€60,117 | -7.5% |
| Operating profit (loss) | 9901 | €121,938 | €70,848 | -€51,090 | -41.9% |
| Financial income | 75/76B | €1,077 | €1,309 | +€232 | +21.5% |
| Recurring financial income | 75 | €1,077 | €1,309 | +€232 | +21.5% |
| Financial charges | 65/66B | €16,770 | €19,654 | +€2,884 | +17.2% |
| Recurring financial charges | 65 | €16,454 | €19,064 | +€2,610 | +15.9% |
| Non-recurring financial charges | 66B | €316 | €590 | +€275 | +87.1% |
| Profit (loss) for the period before taxes | 9903 | €106,245 | €52,503 | -€53,742 | -50.6% |
| Income taxes | 67/77 | €33,380 | €14,785 | -€18,595 | -55.7% |
| Profit (loss) for the period | 9904 | €72,865 | €37,718 | -€35,148 | -48.2% |
| Profit (loss) for the period to be appropriated | 9905 | €72,865 | €37,718 | -€35,148 | -48.2% |
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.