ANNOGRANGE: what changed
ANNOGRANGE
Largest movements
- Receivables within one year +€60,248
up €60,248 (+129%), from €46,700 to €106,948
of which Other amounts receivable: +€60,490
- Tangible fixed assets -€18,855
down €18,855 (-12.2%), from €154,609 to €135,754
of which Furniture and vehicles: -€12,730
- Cash +€12,988
up €12,988 (+25.4%), from €51,192 to €64,180
mainly Other debts (+€117,281) and Net result for the year (+€48,240)
- Deferred charges and accrued income -€9,568
down €9,568 (-62.6%), from €15,276 to €5,707
- Other debts +€117,281
new in 2025: €117,281
- Reserves -€76,664
down €76,664 (-32.0%), from €239,826 to €163,162
of which Distributable reserves: -€76,664
- Debts after one year -€22,561
down €22,561 (-19.8%), from €114,052 to €91,491
- Advances received +€15,125
new in 2025: €15,125
- Tax, wage and social debts +€12,463
up €12,463 (+252%), from €4,948 to €17,411
- Gross operating margin +€12,724
up €12,724 (+16.6%), from €76,598 to €89,323
- Taxes +€7,589
up €7,589 (+47.7%), from €15,912 to €23,501
- Financial income +€2,772
up €2,772 (+47.3%), from €5,867 to €8,639
- Depreciation +€1,647
up €1,647 (+8.8%), from €18,613 to €20,260
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 | €417,777 | €462,589 | +€44,812 | +10.7% |
| Fixed assets | 21/28 | €154,609 | €135,754 | -€18,855 | -12.2% |
| Tangible fixed assets | 22/27 | €154,609 | €135,754 | -€18,855 | -12.2% |
| Land and buildings | 22 | €94,062 | €86,729 | -€7,333 | -7.8% |
| Plant, machinery and equipment | 23 | €0 | €1,208 | +€1,208 | |
| Furniture and vehicles | 24 | €60,547 | €47,817 | -€12,730 | -21.0% |
| Current assets | 29/58 | €263,167 | €326,835 | +€63,668 | +24.2% |
| Amounts receivable after more than one year | 29 | €150,000 | €150,000 | = | 0.0% |
| Other amounts receivable | 291 | €150,000 | €150,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €46,700 | €106,948 | +€60,248 | +129% |
| Trade receivables | 40 | €605 | €363 | -€242 | -40.0% |
| Other amounts receivable | 41 | €46,095 | €106,585 | +€60,490 | +131% |
| Cash at bank and in hand | 54/58 | €51,192 | €64,180 | +€12,988 | +25.4% |
| Deferred charges and accrued income | 490/1 | €15,276 | €5,707 | -€9,568 | -62.6% |
| Total equity and liabilities | 10/49 | €417,777 | €462,589 | +€44,812 | +10.7% |
| Equity | 10/15 | €258,426 | €181,762 | -€76,664 | -29.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €239,826 | €163,162 | -€76,664 | -32.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €239,826 | €163,162 | -€76,664 | -32.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €159,351 | €280,827 | +€121,476 | +76.2% |
| Amounts payable after more than one year | 17 | €114,052 | €91,491 | -€22,561 | -19.8% |
| Financial debts | 170/4 | €114,052 | €91,491 | -€22,561 | -19.8% |
| Amounts payable within one year | 42/48 | €43,724 | €187,004 | +€143,280 | +328% |
| Current portion of amounts payable after more than one year | 42 | €24,838 | €22,561 | -€2,277 | -9.2% |
| Financial debts | 43 | €13,279 | €13,274 | -€6 | 0.0% |
| Credit institutions | 430/8 | €13,279 | €13,274 | -€6 | 0.0% |
| Trade debts | 44 | €659 | €1,353 | +€694 | +105% |
| Suppliers | 440/4 | €659 | €1,353 | +€694 | +105% |
| Advances received on contracts in progress | 46 | - | €15,125 | +€15,125 | |
| Taxes, remuneration and social security | 45 | €4,948 | €17,411 | +€12,463 | +252% |
| Taxes | 450/3 | €4,948 | €17,411 | +€12,463 | +252% |
| Other amounts payable | 47/48 | - | €117,281 | +€117,281 | |
| Accrued charges and deferred income | 492/3 | €1,574 | €2,332 | +€757 | +48.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,613 | €20,260 | +€1,647 | +8.8% |
| Other operating charges | 640/8 | €2,287 | €2,274 | -€13 | -0.6% |
| Gross operating margin | 9900 | €76,598 | €89,323 | +€12,724 | +16.6% |
| Operating profit (loss) | 9901 | €55,698 | €66,789 | +€11,090 | +19.9% |
| Financial income | 75/76B | €5,867 | €8,639 | +€2,772 | +47.3% |
| Recurring financial income | 75 | €5,867 | €8,639 | +€2,772 | +47.3% |
| Financial charges | 65/66B | €3,227 | €3,687 | +€460 | +14.2% |
| Recurring financial charges | 65 | €3,227 | €3,687 | +€460 | +14.2% |
| Profit (loss) for the period before taxes | 9903 | €58,339 | €71,741 | +€13,403 | +23.0% |
| Income taxes | 67/77 | €15,912 | €23,501 | +€7,589 | +47.7% |
| Profit (loss) for the period | 9904 | €42,427 | €48,240 | +€5,814 | +13.7% |
| Profit (loss) for the period to be appropriated | 9905 | €42,427 | €48,240 | +€5,814 | +13.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 July 2024 and 31 July 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.