BVBA ANNOCOM: 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.
BVBA ANNOCOM
Largest movements
- Receivables within one year +€48,968
up €48,968 (+21.4%), from €228,312 to €277,280
of which Other amounts receivable: +€58,152
- Tangible fixed assets +€13,673
up €13,673 (+55.1%), from €24,815 to €38,487
of which Plant, machinery and equipment: +€10,585
- Profit (loss) carried forward +€72,146
up €72,146 (+48.6%), from €148,466 to €220,612
- Current portion of long-term debt -€5,211
down €5,211 (-94.6%), from €5,510 to €300
- Gross operating margin +€70,195
up €70,195 (+250%), from €28,025 to €98,220
- Taxes +€15,282
up €15,282 (+127%), from €12,031 to €27,312
- Financial charges +€2,747
up €2,747 (+405%), from €678 to €3,425
- Depreciation +€2,383
up €2,383 (+47.7%), from €4,995 to €7,378
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 | €253,150 | €317,248 | +€64,098 | +25.3% |
| Fixed assets | 21/28 | €24,815 | €38,487 | +€13,673 | +55.1% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €24,815 | €38,487 | +€13,673 | +55.1% |
| Plant, machinery and equipment | 23 | €3,206 | €13,791 | +€10,585 | +330% |
| Furniture and vehicles | 24 | €624 | €976 | +€352 | +56.5% |
| Other tangible fixed assets | 26 | €20,985 | €23,720 | +€2,735 | +13.0% |
| Current assets | 29/58 | €228,335 | €278,761 | +€50,426 | +22.1% |
| Amounts receivable within one year | 40/41 | €228,312 | €277,280 | +€48,968 | +21.4% |
| Trade receivables | 40 | €28,494 | €19,309 | -€9,184 | -32.2% |
| Other amounts receivable | 41 | €199,819 | €257,971 | +€58,152 | +29.1% |
| Cash at bank and in hand | 54/58 | €23 | €1,481 | +€1,458 | +6,298% |
| Total equity and liabilities | 10/49 | €253,150 | €317,248 | +€64,098 | +25.3% |
| Equity | 10/15 | €178,784 | €250,930 | +€72,146 | +40.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €24,118 | €24,118 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €22,263 | €22,263 | = | 0.0% |
| Profit (loss) carried forward | 14 | €148,466 | €220,612 | +€72,146 | +48.6% |
| Amounts payable | 17/49 | €74,365 | €66,318 | -€8,048 | -10.8% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €74,365 | €66,318 | -€8,048 | -10.8% |
| Current portion of amounts payable after more than one year | 42 | €5,510 | €300 | -€5,211 | -94.6% |
| Financial debts | 43 | €9,982 | €9,982 | = | 0.0% |
| Credit institutions | 430/8 | €9,982 | €9,982 | = | 0.0% |
| Trade debts | 44 | €9,123 | €9,127 | +€4 | 0.0% |
| Suppliers | 440/4 | €9,123 | €9,127 | +€4 | 0.0% |
| Taxes, remuneration and social security | 45 | €49,751 | €46,910 | -€2,841 | -5.7% |
| Taxes | 450/3 | €49,751 | €46,910 | -€2,841 | -5.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,995 | €7,378 | +€2,383 | +47.7% |
| Other operating charges | 640/8 | €100 | €868 | +€767 | +766% |
| Gross operating margin | 9900 | €28,025 | €98,220 | +€70,195 | +250% |
| Operating profit (loss) | 9901 | €22,930 | €89,975 | +€67,045 | +292% |
| Financial income | 75/76B | €12,042 | €12,908 | +€866 | +7.2% |
| Recurring financial income | 75 | €12,042 | €12,908 | +€866 | +7.2% |
| Financial charges | 65/66B | €678 | €3,425 | +€2,747 | +405% |
| Recurring financial charges | 65 | €678 | €3,425 | +€2,747 | +405% |
| Profit (loss) for the period before taxes | 9903 | €34,294 | €99,458 | +€65,164 | +190% |
| Income taxes | 67/77 | €12,031 | €27,312 | +€15,282 | +127% |
| Profit (loss) for the period | 9904 | €22,263 | €72,146 | +€49,883 | +224% |
| Profit (loss) for the period to be appropriated | 9905 | €22,263 | €72,146 | +€49,883 | +224% |
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 16 October 2026 via checked.be.