Anneman: 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.
Anneman
Largest movements
- Cash +€45,457
up €45,457 (+108%), from €42,119 to €87,576
mainly Net result for the year (+€70,301) and Receivables within one year (+€26,560)
- Receivables within one year -€26,560
down €26,560 (-11.5%), from €229,991 to €203,431
of which Other amounts receivable: -€53,315
- Tangible fixed assets -€6,718
down €6,718 (-21.9%), from €30,719 to €24,002
- Reserves +€45,100
up €45,100 (+18.6%), from €242,700 to €287,800
- Debts after one year -€30,039
down €30,039 (-29.9%), from €100,609 to €70,570
- Tax, wage and social debts +€17,390
up €17,390 (+527%), from €3,300 to €20,690
- Trade debts -€15,620
down €15,620 (-70.9%), from €22,041 to €6,421
- Gross operating margin +€11,628
up €11,628 (+13.0%), from €89,414 to €101,043
- Financial charges -€7,351
down €7,351 (-72.0%), from €10,212 to €2,862
- Taxes +€2,077
up €2,077 (+8.0%), from €25,919 to €27,995
- Depreciation +€1,350
up €1,350 (+25.1%), from €5,368 to €6,718
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 | €398,794 | €413,616 | +€14,822 | +3.7% |
| Fixed assets | 21/28 | €120,719 | €114,002 | -€6,718 | -5.6% |
| Tangible fixed assets | 22/27 | €30,719 | €24,002 | -€6,718 | -21.9% |
| Plant, machinery and equipment | 23 | €4,186 | €2,250 | -€1,937 | -46.3% |
| Furniture and vehicles | 24 | €10,945 | €8,567 | -€2,378 | -21.7% |
| Other tangible fixed assets | 26 | €15,588 | €13,185 | -€2,403 | -15.4% |
| Financial fixed assets | 28 | €90,000 | €90,000 | = | 0.0% |
| Current assets | 29/58 | €278,075 | €299,614 | +€21,540 | +7.7% |
| Amounts receivable within one year | 40/41 | €229,991 | €203,431 | -€26,560 | -11.5% |
| Trade receivables | 40 | €16,154 | €42,909 | +€26,755 | +166% |
| Other amounts receivable | 41 | €213,838 | €160,522 | -€53,315 | -24.9% |
| Cash at bank and in hand | 54/58 | €42,119 | €87,576 | +€45,457 | +108% |
| Deferred charges and accrued income | 490/1 | €5,965 | €8,607 | +€2,643 | +44.3% |
| Total equity and liabilities | 10/49 | €398,794 | €413,616 | +€14,822 | +3.7% |
| Equity | 10/15 | €262,962 | €308,063 | +€45,101 | +17.2% |
| Contributions | 10/11 | €20,100 | €20,100 | = | 0.0% |
| Reserves | 13 | €242,700 | €287,800 | +€45,100 | +18.6% |
| Distributable reserves | 133 | €242,700 | €287,800 | +€45,100 | +18.6% |
| Profit (loss) carried forward | 14 | €162 | €163 | +€1 | +0.9% |
| Amounts payable | 17/49 | €135,833 | €105,553 | -€30,280 | -22.3% |
| Amounts payable after more than one year | 17 | €100,609 | €70,570 | -€30,039 | -29.9% |
| Financial debts | 170/4 | €100,609 | €70,570 | -€30,039 | -29.9% |
| Amounts payable within one year | 42/48 | €33,123 | €33,708 | +€584 | +1.8% |
| Current portion of amounts payable after more than one year | 42 | €1,022 | - | -€1,022 | |
| Financial debts | 43 | €6,760 | €6,597 | -€163 | -2.4% |
| Credit institutions | 430/8 | €6,760 | €6,597 | -€163 | -2.4% |
| Trade debts | 44 | €22,041 | €6,421 | -€15,620 | -70.9% |
| Suppliers | 440/4 | €22,041 | €6,421 | -€15,620 | -70.9% |
| Taxes, remuneration and social security | 45 | €3,300 | €20,690 | +€17,390 | +527% |
| Taxes | 450/3 | €3,300 | €20,690 | +€17,390 | +527% |
| Accrued charges and deferred income | 492/3 | €2,100 | €1,275 | -€825 | -39.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,368 | €6,718 | +€1,350 | +25.1% |
| Other operating charges | 640/8 | €1,158 | €1,429 | +€271 | +23.4% |
| Gross operating margin | 9900 | €89,414 | €101,043 | +€11,628 | +13.0% |
| Operating profit (loss) | 9901 | €82,888 | €92,896 | +€10,008 | +12.1% |
| Financial income | 75/76B | €7,466 | €8,262 | +€796 | +10.7% |
| Recurring financial income | 75 | €7,466 | €8,262 | +€796 | +10.7% |
| Financial charges | 65/66B | €10,212 | €2,862 | -€7,351 | -72.0% |
| Recurring financial charges | 65 | €10,212 | €2,862 | -€7,351 | -72.0% |
| Profit (loss) for the period before taxes | 9903 | €80,142 | €98,297 | +€18,155 | +22.7% |
| Income taxes | 67/77 | €25,919 | €27,995 | +€2,077 | +8.0% |
| Profit (loss) for the period | 9904 | €54,223 | €70,301 | +€16,078 | +29.7% |
| Profit (loss) for the period to be appropriated | 9905 | €54,223 | €70,301 | +€16,078 | +29.7% |
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.