A.N.C.P.: what changed
A.N.C.P.
Largest movements
- Cash -€157,484
down €157,484 (-84.3%), from €186,810 to €29,325
mainly Debts after one year (-€151,615) and Investment in fixed assets (net) (-€102,587)
- Tangible fixed assets -€82,508
down €82,508 (-5.5%), from €1.5m to €1.4m
of which Land and buildings: -€130,617
- Receivables within one year +€66,725
up €66,725 (+827%), from €8,073 to €74,798
of which Trade receivables: +€66,634
- Deferred charges and accrued income +€24,821
up €24,821 (+138%), from €17,946 to €42,767
- Stocks and contracts +€24,320
new in 2025: €24,320
- Debts after one year -€151,615
down €151,615 (-20.6%), from €735,823 to €584,208
of which Financial debts: -€142,615
- Other debts +€101,365
up €101,365 (+24.7%), from €410,394 to €511,759
- Profit (loss) carried forward -€71,377
down €71,377, from €67 to -€71,310
- Accrued charges and deferred income +€24,944
up €24,944 (+295%), from €8,450 to €33,394
- Gross operating margin -€67,736
down €67,736 (-25.8%), from €262,314 to €194,578
- Depreciation +€24,852
up €24,852 (+15.5%), from €160,242 to €185,095
- Financial income -€23,089
down €23,089 (-66.9%), from €34,516 to €11,427
of which Non-recurring financial income: -€23,087
- Other operating charges +€16,988
up €16,988 (+39.7%), from €42,750 to €59,738
- Taxes -€11,730
down €11,730 (-93.7%), from €12,514 to €784
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 | €1,711,282 | €1,587,155 | -€124,127 | -7.3% |
| Fixed assets | 21/28 | €1,498,453 | €1,415,945 | -€82,508 | -5.5% |
| Tangible fixed assets | 22/27 | €1,498,453 | €1,415,945 | -€82,508 | -5.5% |
| Land and buildings | 22 | €1,327,949 | €1,197,332 | -€130,617 | -9.8% |
| Plant, machinery and equipment | 23 | €100,640 | €122,287 | +€21,648 | +21.5% |
| Furniture and vehicles | 24 | €40,601 | €70,076 | +€29,475 | +72.6% |
| Leasing and similar rights | 25 | €3,013 | - | -€3,013 | |
| Other tangible fixed assets | 26 | €26,250 | €26,250 | = | 0.0% |
| Current assets | 29/58 | €212,828 | €171,209 | -€41,619 | -19.6% |
| Stocks and contracts in progress | 3 | - | €24,320 | +€24,320 | |
| Stocks | 30/36 | - | €24,320 | +€24,320 | |
| Amounts receivable within one year | 40/41 | €8,073 | €74,798 | +€66,725 | +827% |
| Trade receivables | 40 | €5,804 | €72,438 | +€66,634 | +1,148% |
| Other amounts receivable | 41 | €2,269 | €2,360 | +€91 | +4.0% |
| Cash at bank and in hand | 54/58 | €186,810 | €29,325 | -€157,484 | -84.3% |
| Deferred charges and accrued income | 490/1 | €17,946 | €42,767 | +€24,821 | +138% |
| Total equity and liabilities | 10/49 | €1,711,282 | €1,587,155 | -€124,127 | -7.3% |
| Equity | 10/15 | €338,411 | €267,034 | -€71,377 | -21.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €319,744 | €319,744 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €317,884 | €319,744 | +€1,860 | +0.6% |
| Profit (loss) carried forward | 14 | €67 | -€71,310 | -€71,377 | |
| Amounts payable | 17/49 | €1,372,870 | €1,320,120 | -€52,750 | -3.8% |
| Amounts payable after more than one year | 17 | €735,823 | €584,208 | -€151,615 | -20.6% |
| Financial debts | 170/4 | €726,823 | €584,208 | -€142,615 | -19.6% |
| Other amounts payable | 178/9 | €9,000 | - | -€9,000 | |
| Amounts payable within one year | 42/48 | €628,597 | €702,518 | +€73,921 | +11.8% |
| Current portion of amounts payable after more than one year | 42 | €165,149 | €155,751 | -€9,398 | -5.7% |
| Trade debts | 44 | €39,628 | €32,446 | -€7,182 | -18.1% |
| Suppliers | 440/4 | €39,628 | €32,446 | -€7,182 | -18.1% |
| Taxes, remuneration and social security | 45 | €13,426 | €2,562 | -€10,864 | -80.9% |
| Taxes | 450/3 | €13,426 | €2,562 | -€10,864 | -80.9% |
| Other amounts payable | 47/48 | €410,394 | €511,759 | +€101,365 | +24.7% |
| Accrued charges and deferred income | 492/3 | €8,450 | €33,394 | +€24,944 | +295% |
| Non-recurring operating income | 76A | - | €2,715 | +€2,715 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €160,242 | €185,095 | +€24,852 | +15.5% |
| Other operating charges | 640/8 | €42,750 | €59,738 | +€16,988 | +39.7% |
| Gross operating margin | 9900 | €262,314 | €194,578 | -€67,736 | -25.8% |
| Operating profit (loss) | 9901 | €59,322 | -€50,255 | -€109,577 | |
| Financial income | 75/76B | €34,516 | €11,427 | -€23,089 | -66.9% |
| Recurring financial income | 75 | €4 | €3 | -€2 | -35.8% |
| Non-recurring financial income | 76B | €34,511 | €11,424 | -€23,087 | -66.9% |
| Financial charges | 65/66B | €30,012 | €31,766 | +€1,754 | +5.8% |
| Recurring financial charges | 65 | €30,012 | €31,766 | +€1,754 | +5.8% |
| Profit (loss) for the period before taxes | 9903 | €63,826 | -€70,593 | -€134,419 | |
| Income taxes | 67/77 | €12,514 | €784 | -€11,730 | -93.7% |
| Profit (loss) for the period | 9904 | €51,312 | -€71,377 | -€122,689 | |
| Profit (loss) for the period to be appropriated | 9905 | €51,312 | -€71,377 | -€122,689 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.