AN.KO: what changed
Two fiscal 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.
AN.KO
Largest movements
- Cash -€69,260
down €69,260 (-33.4%), from €207,633 to €138,373
mainly Net result for the year (-€83,692) and Other debts (-€16,058)
- Deferred charges and accrued income -€19,632
down €19,632 (-92.5%), from €21,230 to €1,598
- Tangible fixed assets -€8,474
down €8,474 (-59.8%), from €14,163 to €5,689
of which Furniture and vehicles: -€5,624
- Profit (loss) carried forward -€83,692
down €83,692, from €83,080 to -€612
- Other debts -€16,058
down €16,058 (-9.2%), from €175,089 to €159,031
- Gross operating margin -€120,520
down €120,520, from €48,637 to -€71,883
- Taxes -€7,578
down €7,578 (-94.0%), from €8,063 to €485
- Depreciation -€5,626
down €5,626 (-37.9%), from €14,850 to €9,224
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.
Cash bridge derived
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 | €289,681 | €190,254 | -€99,427 | -34.3% |
| Fixed assets | 21/28 | €15,663 | €6,439 | -€9,224 | -58.9% |
| Intangible fixed assets | 21 | €1,500 | €750 | -€750 | -50.0% |
| Tangible fixed assets | 22/27 | €14,163 | €5,689 | -€8,474 | -59.8% |
| Plant, machinery and equipment | 23 | €8,539 | €5,689 | -€2,850 | -33.4% |
| Furniture and vehicles | 24 | €5,624 | - | -€5,624 | |
| Current assets | 29/58 | €274,018 | €183,815 | -€90,203 | -32.9% |
| Amounts receivable within one year | 40/41 | €45,155 | €43,844 | -€1,311 | -2.9% |
| Trade receivables | 40 | €22,471 | €1,784 | -€20,687 | -92.1% |
| Other amounts receivable | 41 | €22,684 | €42,060 | +€19,376 | +85.4% |
| Cash at bank and in hand | 54/58 | €207,633 | €138,373 | -€69,260 | -33.4% |
| Deferred charges and accrued income | 490/1 | €21,230 | €1,598 | -€19,632 | -92.5% |
| Total equity and liabilities | 10/49 | €289,681 | €190,254 | -€99,427 | -34.3% |
| Equity | 10/15 | €114,283 | €30,591 | -€83,692 | -73.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €12,603 | €12,603 | = | 0.0% |
| Distributable reserves | 133 | €12,603 | €12,603 | = | 0.0% |
| Profit (loss) carried forward | 14 | €83,080 | -€612 | -€83,692 | |
| Amounts payable | 17/49 | €175,398 | €159,663 | -€15,735 | -9.0% |
| Amounts payable within one year | 42/48 | €175,398 | €159,663 | -€15,735 | -9.0% |
| Trade debts | 44 | €309 | €147 | -€162 | -52.4% |
| Suppliers | 440/4 | €309 | €147 | -€162 | -52.4% |
| Taxes, remuneration and social security | 45 | - | €485 | +€485 | |
| Taxes | 450/3 | - | €485 | +€485 | |
| Other amounts payable | 47/48 | €175,089 | €159,031 | -€16,058 | -9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,850 | €9,224 | -€5,626 | -37.9% |
| Other operating charges | 640/8 | €1,342 | €1,706 | +€364 | +27.1% |
| Gross operating margin | 9900 | €48,637 | -€71,883 | -€120,520 | |
| Operating profit (loss) | 9901 | €32,445 | -€82,813 | -€115,258 | |
| Financial charges | 65/66B | €259 | €394 | +€135 | +52.1% |
| Recurring financial charges | 65 | €259 | €394 | +€135 | +52.1% |
| Profit (loss) for the period before taxes | 9903 | €32,186 | -€83,207 | -€115,393 | |
| Income taxes | 67/77 | €8,063 | €485 | -€7,578 | -94.0% |
| Profit (loss) for the period | 9904 | €24,123 | -€83,692 | -€107,815 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,123 | -€83,692 | -€107,815 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.