Stéphane Aniset: what changed
Stéphane Aniset
Largest movements
- Cash -€5,479
down €5,479 (-99.4%), from €5,509 to €31
mainly Other debts (-€6,239) and Accrued charges and deferred income (-€4,350)
- Other debts -€6,239
down €6,239 (-100%), from €6,239 to €0
- Accrued charges and deferred income -€4,350
down €4,350 (-100%), from €4,350 to €0
- Reserves +€3,527
up €3,527 (+7.6%), from €46,671 to €50,198
- Tax, wage and social debts +€1,284
up €1,284 (+85.0%), from €1,511 to €2,795
- Gross operating margin -€74,230
down €74,230 (-97.0%), from €76,534 to €2,304
- Depreciation -€17,157
down €17,157 (-100%), from €17,157 to €0
- Financial income +€1,621
up €1,621 (+88.9%), from €1,823 to €3,444
- Financial charges -€1,339
down €1,339 (-83.6%), from €1,602 to €263
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €75,480 | €69,699 | -€5,781 | -7.7% |
| Fixed assets | 21/28 | €0 | - | = | |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €75,480 | €69,699 | -€5,781 | -7.7% |
| Amounts receivable within one year | 40/41 | €69,813 | €69,668 | -€144 | -0.2% |
| Trade receivables | 40 | €355 | €0 | -€355 | -100% |
| Other amounts receivable | 41 | €69,457 | €69,668 | +€211 | +0.3% |
| Cash at bank and in hand | 54/58 | €5,509 | €31 | -€5,479 | -99.4% |
| Deferred charges and accrued income | 490/1 | €158 | €0 | -€158 | -100% |
| Total equity and liabilities | 10/49 | €75,480 | €69,699 | -€5,781 | -7.7% |
| Equity | 10/15 | €59,071 | €62,598 | +€3,527 | +6.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €46,671 | €50,198 | +€3,527 | +7.6% |
| Distributable reserves | 133 | €46,671 | €50,198 | +€3,527 | +7.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €16,409 | €7,101 | -€9,308 | -56.7% |
| Amounts payable within one year | 42/48 | €12,059 | €7,101 | -€4,958 | -41.1% |
| Trade debts | 44 | €4,309 | €4,307 | -€2 | 0.0% |
| Suppliers | 440/4 | €4,309 | €4,307 | -€2 | 0.0% |
| Taxes, remuneration and social security | 45 | €1,511 | €2,795 | +€1,284 | +85.0% |
| Taxes | 450/3 | €1,511 | €2,795 | +€1,284 | +85.0% |
| Other amounts payable | 47/48 | €6,239 | €0 | -€6,239 | -100% |
| Accrued charges and deferred income | 492/3 | €4,350 | €0 | -€4,350 | -100% |
| Non-recurring operating income | 76A | €17,644 | €0 | -€17,644 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,157 | €0 | -€17,157 | -100% |
| Other operating charges | 640/8 | €1,273 | €626 | -€647 | -50.8% |
| Non-recurring operating charges | 66A | €42,586 | €48 | -€42,538 | -99.9% |
| Gross operating margin | 9900 | €76,534 | €2,304 | -€74,230 | -97.0% |
| Operating profit (loss) | 9901 | €15,518 | €1,630 | -€13,887 | -89.5% |
| Financial income | 75/76B | €1,823 | €3,444 | +€1,621 | +88.9% |
| Recurring financial income | 75 | €1,823 | €3,444 | +€1,621 | +88.9% |
| Financial charges | 65/66B | €1,602 | €263 | -€1,339 | -83.6% |
| Recurring financial charges | 65 | €1,602 | €263 | -€1,339 | -83.6% |
| Profit (loss) for the period before taxes | 9903 | €15,738 | €4,810 | -€10,928 | -69.4% |
| Income taxes | 67/77 | €1,511 | €1,284 | -€227 | -15.0% |
| Profit (loss) for the period | 9904 | €14,227 | €3,527 | -€10,701 | -75.2% |
| Profit (loss) for the period to be appropriated | 9905 | €14,227 | €3,527 | -€10,701 | -75.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.