ST-ANNA DEVELOPMENT: 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.
What changed
ST-ANNA DEVELOPMENT
NACE 68.122, Development of non-residential building projects
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€66,007
2024 · €8,134-€74,141
Equity
€1.7m
2024 · €1.7m-€66,007
Cash
€55,793
2024 · €9,651+€46,142
Balance sheet total
€4.8m
2024 · €3.5m+€1.3m
Largest movements
Assets
- Stocks and contracts +€1.1m
up €1.1m (+53.8%), from €2.1m to €3.2m
- Receivables within one year +€124,444
up €124,444 (+8.6%), from €1.4m to €1.6m
Equity and liabilities
- Advances received +€859,379
up €859,379 (+49.6%), from €1.7m to €2.6m
- Trade debts +€539,056
up €539,056 (+1,809%), from €29,792 to €568,849
- Profit (loss) carried forward -€66,007
down €66,007 (-46.3%), from €142,625 to €76,618
Income statement
- Goods and materials +€2.2m
up €2.2m (+316%), from €695,229 to €2.9m
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.
Result 2024
€8,134
Other operating charges
-€613
Other operating items
-€40,686
Financial income
-€17,792
Financial charges
-€17,827
Taxes
+€2,777
Result 2025
-€66,007
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€46,142
Investment
€0
Financing
€0
Cash 2024
€9,651
From operations (derived)
+€46,142
Net result for the year
-€66,007
Stocks and contracts
-€1.1m
Receivables within one year
-€124,444
Trade debts
+€539,056
Tax, wage and social debts
-€39,318
Advances received
+€859,379
Cash 2025
€55,793
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,544,093 | €4,837,203 | +€1.3m | +36.5% |
| Current assets | 29/58 | €3,544,093 | €4,837,203 | +€1.3m | +36.5% |
| Stocks and contracts in progress | 3 | €2,085,899 | €3,208,424 | +€1.1m | +53.8% |
| Contracts in progress | 37 | €2,085,899 | €3,208,424 | +€1.1m | +53.8% |
| Amounts receivable within one year | 40/41 | €1,448,542 | €1,572,986 | +€124,444 | +8.6% |
| Other amounts receivable | 41 | €1,448,542 | €1,572,986 | +€124,444 | +8.6% |
| Cash at bank and in hand | 54/58 | €9,651 | €55,793 | +€46,142 | +478% |
| Total equity and liabilities | 10/49 | €3,544,093 | €4,837,203 | +€1.3m | +36.5% |
| Equity | 10/15 | €1,742,625 | €1,676,618 | -€66,007 | -3.8% |
| Contributions | 10/11 | €1,600,000 | €1,600,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €142,625 | €76,618 | -€66,007 | -46.3% |
| Amounts payable | 17/49 | €1,801,468 | €3,160,585 | +€1.4m | +75.4% |
| Amounts payable within one year | 42/48 | €1,801,468 | €3,160,585 | +€1.4m | +75.4% |
| Trade debts | 44 | €29,792 | €568,849 | +€539,056 | +1,809% |
| Suppliers | 440/4 | €29,792 | €568,849 | +€539,056 | +1,809% |
| Advances received on contracts in progress | 46 | €1,732,057 | €2,591,436 | +€859,379 | +49.6% |
| Taxes, remuneration and social security | 45 | €39,618 | €301 | -€39,318 | -99.2% |
| Taxes | 450/3 | €39,618 | €301 | -€39,318 | -99.2% |
| Operating income | 70/76A | €695,229 | €2,854,581 | +€2.2m | +311% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €695,229 | €2,854,581 | +€2.2m | +311% |
| Operating charges | 60/66A | €701,560 | €2,902,212 | +€2.2m | +314% |
| Goods for resale, raw materials and consumables | 60 | €695,229 | €2,890,913 | +€2.2m | +316% |
| Purchases | 600/8 | €695,229 | €2,890,913 | +€2.2m | +316% |
| Services and other goods | 61 | €5,826 | €10,180 | +€4,354 | +74.7% |
| Other operating charges | 640/8 | €505 | €1,118 | +€613 | +121% |
| Operating profit (loss) | 9901 | -€6,331 | -€47,630 | -€41,299 | -652% |
| Financial income | 75/76B | €17,792 | - | -€17,792 | |
| Recurring financial income | 75 | €17,792 | - | -€17,792 | |
| Income from current assets | 751 | €17,792 | - | -€17,792 | |
| Financial charges | 65/66B | €616 | €18,443 | +€17,827 | +2,896% |
| Recurring financial charges | 65 | €616 | €18,443 | +€17,827 | +2,896% |
| Debt charges | 650 | - | €17,792 | +€17,792 | |
| Other financial charges | 652/9 | €616 | €651 | +€36 | +5.8% |
| Profit (loss) for the period before taxes | 9903 | €10,845 | -€66,073 | -€76,918 | |
| Income taxes | 67/77 | €2,711 | -€66 | -€2,777 | |
| Taxes | 670/3 | €2,711 | - | -€2,711 | |
| Tax adjustments and reversals of tax provisions | 77 | - | €66 | +€66 | |
| Profit (loss) for the period | 9904 | €8,134 | -€66,007 | -€74,141 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,134 | -€66,007 | -€74,141 |
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 15 October 2026 via checked.be.