ANNUNAKI: 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.
ANNUNAKI
Largest movements
- Cash +€383,232
up €383,232 (+174%), from €220,618 to €603,850
mainly Net result for the year (+€318,100) and Receivables within one year (+€251,621)
- Receivables within one year -€251,621
down €251,621 (-54.6%), from €460,547 to €208,926
of which Other amounts receivable: -€244,996
- Other debts +€199,822
up €199,822 (+26,697%), from €748 to €200,570
- Debts after one year -€174,748
down €174,748 (-25.8%), from €678,081 to €503,333
- Profit (loss) carried forward +€118,100
up €118,100 (+7.3%), from €1.6m to €1.7m
- Financial income -€258,000
down €258,000 (-71.7%), from €360,000 to €102,000
- Gross operating margin -€90,805
down €90,805 (-20.4%), from €445,641 to €354,835
- Financial charges +€17,661
up €17,661 (+106%), from €16,643 to €34,304
- Taxes -€7,204
down €7,204 (-6.6%), from €108,681 to €101,478
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 | €3,525,229 | €3,657,288 | +€132,059 | +3.7% |
| Fixed assets | 21/28 | €2,841,001 | €2,839,375 | -€1,626 | -0.1% |
| Tangible fixed assets | 22/27 | €1,626 | €0 | -€1,626 | -100% |
| Land and buildings | 22 | €1,398 | €0 | -€1,398 | -100% |
| Plant, machinery and equipment | 23 | €228 | €0 | -€228 | -100% |
| Financial fixed assets | 28 | €2,839,375 | €2,839,375 | = | 0.0% |
| Current assets | 29/58 | €684,228 | €817,913 | +€133,685 | +19.5% |
| Amounts receivable within one year | 40/41 | €460,547 | €208,926 | -€251,621 | -54.6% |
| Trade receivables | 40 | €69,183 | €62,558 | -€6,625 | -9.6% |
| Other amounts receivable | 41 | €391,364 | €146,368 | -€244,996 | -62.6% |
| Cash at bank and in hand | 54/58 | €220,618 | €603,850 | +€383,232 | +174% |
| Deferred charges and accrued income | 490/1 | €3,063 | €5,137 | +€2,074 | +67.7% |
| Total equity and liabilities | 10/49 | €3,525,229 | €3,657,288 | +€132,059 | +3.7% |
| Equity | 10/15 | €2,623,739 | €2,741,839 | +€118,100 | +4.5% |
| Contributions | 10/11 | €455,000 | €455,000 | = | 0.0% |
| Reserves | 13 | €550,000 | €550,000 | = | 0.0% |
| Distributable reserves | 133 | €550,000 | €550,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,618,739 | €1,736,839 | +€118,100 | +7.3% |
| Amounts payable | 17/49 | €901,490 | €915,449 | +€13,959 | +1.5% |
| Amounts payable after more than one year | 17 | €678,081 | €503,333 | -€174,748 | -25.8% |
| Financial debts | 170/4 | €678,081 | €503,333 | -€174,748 | -25.8% |
| Amounts payable within one year | 42/48 | €223,409 | €412,116 | +€188,707 | +84.5% |
| Current portion of amounts payable after more than one year | 42 | €167,594 | €174,748 | +€7,154 | +4.3% |
| Trade debts | 44 | €188 | €5,843 | +€5,655 | +3,010% |
| Suppliers | 440/4 | €188 | €5,843 | +€5,655 | +3,010% |
| Taxes, remuneration and social security | 45 | €54,879 | €30,956 | -€23,924 | -43.6% |
| Taxes | 450/3 | €54,879 | €30,956 | -€23,924 | -43.6% |
| Other amounts payable | 47/48 | €748 | €200,570 | +€199,822 | +26,697% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,663 | €1,626 | -€1,037 | -39.0% |
| Other operating charges | 640/8 | €1,418 | €1,328 | -€89 | -6.3% |
| Gross operating margin | 9900 | €445,641 | €354,835 | -€90,805 | -20.4% |
| Operating profit (loss) | 9901 | €441,560 | €351,882 | -€89,679 | -20.3% |
| Financial income | 75/76B | €360,000 | €102,000 | -€258,000 | -71.7% |
| Recurring financial income | 75 | €360,000 | €102,000 | -€258,000 | -71.7% |
| Financial charges | 65/66B | €16,643 | €34,304 | +€17,661 | +106% |
| Recurring financial charges | 65 | €16,643 | €34,304 | +€17,661 | +106% |
| Profit (loss) for the period before taxes | 9903 | €784,917 | €419,578 | -€365,340 | -46.5% |
| Income taxes | 67/77 | €108,681 | €101,478 | -€7,204 | -6.6% |
| Profit (loss) for the period | 9904 | €676,236 | €318,100 | -€358,136 | -53.0% |
| Profit (loss) for the period to be appropriated | 9905 | €676,236 | €318,100 | -€358,136 | -53.0% |
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 14 October 2026 via checked.be.