ANOUK VIÉRIN: 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.
ANOUK VIÉRIN
Largest movements
- Tangible fixed assets +€759,026
up €759,026 (+2,205%), from €34,424 to €793,450
of which Plant, machinery and equipment: +€483,675
- Cash -€60,035
down €60,035 (-27.1%), from €221,292 to €161,257
mainly Investment in fixed assets (net) (-€805,432) and Deferred charges and accrued income (-€14,771)
- Deferred charges and accrued income +€14,771
up €14,771 (+75.6%), from €19,551 to €34,322
- Debts after one year +€580,265
new in 2025: €580,265
- Current portion of long-term debt +€73,741
new in 2025: €73,741
- Trade debts +€40,576
up €40,576 (+834%), from €4,866 to €45,442
- Depreciation +€43,758
up €43,758 (+1,652%), from €2,649 to €46,406
- Staff costs +€40,042
new in 2025: €40,042
- Taxes -€38,482
down €38,482 (-98.3%), from €39,133 to €651
- Financial charges +€22,948
up €22,948 (+81.0%), from €28,348 to €51,296
- Other operating charges +€21,763
up €21,763 (+495%), from €4,400 to €26,163
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 | €292,745 | €1,007,412 | +€714,667 | +244% |
| Fixed assets | 21/28 | €34,424 | €793,450 | +€759,026 | +2,205% |
| Tangible fixed assets | 22/27 | €34,424 | €793,450 | +€759,026 | +2,205% |
| Land and buildings | 22 | €29,625 | €203,154 | +€173,529 | +586% |
| Plant, machinery and equipment | 23 | €1,820 | €485,495 | +€483,675 | +26,577% |
| Furniture and vehicles | 24 | €2,979 | €104,801 | +€101,822 | +3,417% |
| Current assets | 29/58 | €258,320 | €213,962 | -€44,358 | -17.2% |
| Amounts receivable within one year | 40/41 | €17,478 | €18,384 | +€906 | +5.2% |
| Other amounts receivable | 41 | €17,478 | €18,384 | +€906 | +5.2% |
| Cash at bank and in hand | 54/58 | €221,292 | €161,257 | -€60,035 | -27.1% |
| Deferred charges and accrued income | 490/1 | €19,551 | €34,322 | +€14,771 | +75.6% |
| Total equity and liabilities | 10/49 | €292,745 | €1,007,412 | +€714,667 | +244% |
| Equity | 10/15 | €255,882 | €259,595 | +€3,712 | +1.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €243,482 | €247,195 | +€3,712 | +1.5% |
| Distributable reserves | 133 | €243,482 | €247,195 | +€3,712 | +1.5% |
| Amounts payable | 17/49 | €36,863 | €747,818 | +€710,955 | +1,929% |
| Amounts payable after more than one year | 17 | - | €580,265 | +€580,265 | |
| Financial debts | 170/4 | - | €580,265 | +€580,265 | |
| Amounts payable within one year | 42/48 | €36,863 | €159,208 | +€122,345 | +332% |
| Current portion of amounts payable after more than one year | 42 | - | €73,741 | +€73,741 | |
| Trade debts | 44 | €4,866 | €45,442 | +€40,576 | +834% |
| Suppliers | 440/4 | €4,866 | €45,442 | +€40,576 | +834% |
| Taxes, remuneration and social security | 45 | €31,633 | €38,546 | +€6,913 | +21.9% |
| Taxes | 450/3 | €31,633 | €31,633 | = | 0.0% |
| Remuneration and social security | 454/9 | - | €6,913 | +€6,913 | |
| Other amounts payable | 47/48 | €363 | €1,478 | +€1,115 | +307% |
| Accrued charges and deferred income | 492/3 | - | €8,345 | +€8,345 | |
| Remuneration, social security and pensions | 62 | - | €40,042 | +€40,042 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,649 | €46,406 | +€43,758 | +1,652% |
| Other operating charges | 640/8 | €4,400 | €26,163 | +€21,763 | +495% |
| Gross operating margin | 9900 | €162,287 | €168,206 | +€5,919 | +3.6% |
| Operating profit (loss) | 9901 | €155,238 | €55,594 | -€99,644 | -64.2% |
| Financial income | 75/76B | €1 | €66 | +€65 | +6,395% |
| Recurring financial income | 75 | €1 | €66 | +€65 | +6,395% |
| Financial charges | 65/66B | €28,348 | €51,296 | +€22,948 | +81.0% |
| Recurring financial charges | 65 | €28,348 | €51,296 | +€22,948 | +81.0% |
| Profit (loss) for the period before taxes | 9903 | €126,891 | €4,364 | -€122,527 | -96.6% |
| Income taxes | 67/77 | €39,133 | €651 | -€38,482 | -98.3% |
| Profit (loss) for the period | 9904 | €87,758 | €3,712 | -€84,046 | -95.8% |
| Profit (loss) for the period to be appropriated | 9905 | €87,758 | €3,712 | -€84,046 | -95.8% |
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 25 October 2026 via checked.be.