ANNAFELI: what changed
ANNAFELI
Largest movements
- Receivables within one year -€7,137
down €7,137 (-76.5%), from €9,333 to €2,196
- Stocks and contracts +€5,102
up €5,102 (+216%), from €2,358 to €7,460
- Tangible fixed assets -€2,310
down €2,310 (-22.8%), from €10,114 to €7,804
of which Furniture and vehicles: -€1,476
- Profit (loss) carried forward +€10,865
up €10,865 (+51.1%), from -€21,260 to -€10,395
- Trade debts -€8,642
down €8,642 (-78.1%), from €11,071 to €2,429
- Debts after one year -€5,306
down €5,306 (-22.7%), from €23,353 to €18,047
- Other debts -€2,566
down €2,566 (-28.8%), from €8,925 to €6,359
- Current portion of long-term debt +€659
up €659 (+14.2%), from €4,647 to €5,306
- Gross operating margin +€32,297
up €32,297, from -€14,754 to €17,543
- Staff costs -€1,416
down €1,416 (-44.4%), from €3,187 to €1,771
- Depreciation +€1,331
up €1,331 (+136%), from €979 to €2,310
- Financial charges +€238
up €238 (+12.1%), from €1,961 to €2,199
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 | €31,998 | €27,471 | -€4,527 | -14.1% |
| Fixed assets | 21/28 | €10,114 | €7,804 | -€2,310 | -22.8% |
| Tangible fixed assets | 22/27 | €10,114 | €7,804 | -€2,310 | -22.8% |
| Plant, machinery and equipment | 23 | €1,007 | €610 | -€397 | -39.4% |
| Furniture and vehicles | 24 | €4,922 | €3,446 | -€1,476 | -30.0% |
| Other tangible fixed assets | 26 | €4,185 | €3,748 | -€437 | -10.4% |
| Current assets | 29/58 | €21,884 | €19,667 | -€2,217 | -10.1% |
| Stocks and contracts in progress | 3 | €2,358 | €7,460 | +€5,102 | +216% |
| Stocks | 30/36 | €2,358 | €7,460 | +€5,102 | +216% |
| Amounts receivable within one year | 40/41 | €9,333 | €2,196 | -€7,137 | -76.5% |
| Trade receivables | 40 | €9,333 | €2,196 | -€7,137 | -76.5% |
| Cash at bank and in hand | 54/58 | €10,193 | €10,011 | -€182 | -1.8% |
| Total equity and liabilities | 10/49 | €31,998 | €27,471 | -€4,527 | -14.1% |
| Equity | 10/15 | -€18,260 | -€7,395 | +€10,865 | +59.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,260 | -€10,395 | +€10,865 | +51.1% |
| Amounts payable | 17/49 | €50,258 | €34,866 | -€15,392 | -30.6% |
| Amounts payable after more than one year | 17 | €23,353 | €18,047 | -€5,306 | -22.7% |
| Financial debts | 170/4 | €23,353 | €18,047 | -€5,306 | -22.7% |
| Amounts payable within one year | 42/48 | €26,905 | €16,819 | -€10,086 | -37.5% |
| Current portion of amounts payable after more than one year | 42 | €4,647 | €5,306 | +€659 | +14.2% |
| Trade debts | 44 | €11,071 | €2,429 | -€8,642 | -78.1% |
| Suppliers | 440/4 | €11,071 | €2,429 | -€8,642 | -78.1% |
| Taxes, remuneration and social security | 45 | €2,262 | €2,725 | +€463 | +20.5% |
| Taxes | 450/3 | €2,262 | €2,725 | +€463 | +20.5% |
| Other amounts payable | 47/48 | €8,925 | €6,359 | -€2,566 | -28.8% |
| Remuneration, social security and pensions | 62 | €3,187 | €1,771 | -€1,416 | -44.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €979 | €2,310 | +€1,331 | +136% |
| Other operating charges | 640/8 | €387 | €400 | +€13 | +3.4% |
| Gross operating margin | 9900 | -€14,754 | €17,543 | +€32,297 | |
| Operating profit (loss) | 9901 | -€19,307 | €13,062 | +€32,369 | |
| Financial income | 75/76B | €8 | €2 | -€6 | -75.0% |
| Recurring financial income | 75 | €8 | €2 | -€6 | -75.0% |
| Financial charges | 65/66B | €1,961 | €2,199 | +€238 | +12.1% |
| Recurring financial charges | 65 | €1,961 | €2,199 | +€238 | +12.1% |
| Profit (loss) for the period before taxes | 9903 | -€21,260 | €10,865 | +€32,125 | |
| Profit (loss) for the period | 9904 | -€21,260 | €10,865 | +€32,125 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,260 | €10,865 | +€32,125 |
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 8 November 2026 via checked.be.