L'ANNONCIER: 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.
L'ANNONCIER
Largest movements
- Cash +€19,437
up €19,437 (+101%), from €19,238 to €38,676
mainly Net result for the year (+€9,019) and Tax, wage and social debts (+€7,067)
- Receivables within one year -€5,208
down €5,208 (-12.6%), from €41,303 to €36,095
of which Other amounts receivable: -€5,919
- Tangible fixed assets -€1,905
down €1,905 (-29.3%), from €6,507 to €4,603
of which Furniture and vehicles: -€1,189
- Deferred charges and accrued income -€875
down €875 (-48.1%), from €1,820 to €945
- Profit (loss) carried forward +€7,418
up €7,418, from -€7,418 to €0
- Tax, wage and social debts +€7,067
up €7,067 (+833%), from €849 to €7,916
of which Taxes: +€6,417
- Trade debts -€6,284
down €6,284 (-29.3%), from €21,436 to €15,152
- Other debts +€1,666
up €1,666, from €0 to €1,666
- Reserves +€1,601
up €1,601 (+3.8%), from €41,734 to €43,335
of which Distributable reserves: +€1,601
- Gross operating margin +€18,942
up €18,942 (+366%), from €5,171 to €24,113
- Taxes +€5,112
up €5,112 (+736%), from €694 to €5,806
- Other operating charges +€937
up €937 (+39.2%), from €2,390 to €3,327
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 | €69,019 | €80,468 | +€11,450 | +16.6% |
| Fixed assets | 21/28 | €6,657 | €4,753 | -€1,905 | -28.6% |
| Tangible fixed assets | 22/27 | €6,507 | €4,603 | -€1,905 | -29.3% |
| Land and buildings | 22 | €4,555 | €3,839 | -€716 | -15.7% |
| Furniture and vehicles | 24 | €1,953 | €764 | -€1,189 | -60.9% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €62,361 | €75,716 | +€13,354 | +21.4% |
| Amounts receivable within one year | 40/41 | €41,303 | €36,095 | -€5,208 | -12.6% |
| Trade receivables | 40 | €35,350 | €36,061 | +€711 | +2.0% |
| Other amounts receivable | 41 | €5,954 | €34 | -€5,919 | -99.4% |
| Cash at bank and in hand | 54/58 | €19,238 | €38,676 | +€19,437 | +101% |
| Deferred charges and accrued income | 490/1 | €1,820 | €945 | -€875 | -48.1% |
| Total equity and liabilities | 10/49 | €69,019 | €80,468 | +€11,450 | +16.6% |
| Equity | 10/15 | €46,716 | €55,735 | +€9,019 | +19.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €41,734 | €43,335 | +€1,601 | +3.8% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €39,875 | €41,475 | +€1,601 | +4.0% |
| Profit (loss) carried forward | 14 | -€7,418 | €0 | +€7,418 | |
| Amounts payable | 17/49 | €22,303 | €24,734 | +€2,431 | +10.9% |
| Amounts payable within one year | 42/48 | €22,285 | €24,734 | +€2,449 | +11.0% |
| Trade debts | 44 | €21,436 | €15,152 | -€6,284 | -29.3% |
| Suppliers | 440/4 | €21,436 | €15,152 | -€6,284 | -29.3% |
| Taxes, remuneration and social security | 45 | €849 | €7,916 | +€7,067 | +833% |
| Taxes | 450/3 | €849 | €7,266 | +€6,417 | +756% |
| Remuneration and social security | 454/9 | - | €650 | +€650 | |
| Other amounts payable | 47/48 | €0 | €1,666 | +€1,666 | |
| Accrued charges and deferred income | 492/3 | €18 | €0 | -€18 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,871 | €1,905 | +€34 | +1.8% |
| Other operating charges | 640/8 | €2,390 | €3,327 | +€937 | +39.2% |
| Non-recurring operating charges | 66A | €7,596 | €3,941 | -€3,655 | -48.1% |
| Gross operating margin | 9900 | €5,171 | €24,113 | +€18,942 | +366% |
| Operating profit (loss) | 9901 | -€6,686 | €14,940 | +€21,626 | |
| Financial income | 75/76B | €195 | €132 | -€62 | -32.0% |
| Recurring financial income | 75 | €195 | €132 | -€62 | -32.0% |
| Financial charges | 65/66B | €232 | €248 | +€15 | +6.6% |
| Recurring financial charges | 65 | €232 | €248 | +€15 | +6.6% |
| Profit (loss) for the period before taxes | 9903 | -€6,724 | €14,825 | +€21,548 | |
| Income taxes | 67/77 | €694 | €5,806 | +€5,112 | +736% |
| Profit (loss) for the period | 9904 | -€7,418 | €9,019 | +€16,436 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,418 | €9,019 | +€16,436 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.