ANACO: 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.
What changed
ANACO
NACE 50.400, Inland freight water transport
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.3m
2024 · €32,716+€1.3m
Equity
€4.2m
2024 · €2.9m+€1.3m
Cash
€586,779
2024 · €143,975+€442,804
Balance sheet total
€9.2m
2024 · €8.0m+€1.2m
Largest movements
Assets
- Receivables within one year +€1.8m
up €1.8m (+36.0%), from €5.0m to €6.7m
of which Trade receivables: +€1.3m
- Receivables after one year -€853,489
down €853,489 (-57.1%), from €1.5m to €641,332
- Cash +€442,804
up €442,804 (+307.6%), from €143,975 to €586,779
mainly Net result for the year (+€1.3m) and Receivables after one year (+€853,489)
- Tangible fixed assets -€102,091
down €102,091 (-10.0%), from €1.0m to €915,181
of which Leasing and similar rights: -€79,470
Equity and liabilities
- Reserves +€1.3m
up €1.3m (+46.0%), from €2.9m to €4.2m
of which Distributable reserves: +€1.9m
- Other debts -€320,000
down €320,000 (-100.0%), from €320,000 to €0
- Short-term financial debts -€293,768
down €293,768 (-27.0%), from €1.1m to €795,335
of which Other loans: -€176,319
- Trade debts +€284,589
up €284,589 (+9.7%), from €2.9m to €3.2m
- Accrued charges and deferred income +€133,925
up €133,925 (+2790.1%), from €4,800 to €138,725
Income statement
- Turnover +€9.5m
up €9.5m (+29.1%), from €32.5m to €42.0m
- Goods and materials +€7.2m
up €7.2m (+24.4%), from €29.3m to €36.5m
- Services and other goods +€471,761
up €471,761 (+21.3%), from €2.2m to €2.7m
- Taxes +€421,667
up €421,667 (+1116.0%), from €37,784 to €459,450
of which Taxes: +€421,812
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.
Result 2024
€32,716
Turnover
+€9.5m
Other operating income
+€10,044
Goods and materials
-€7.2m
Services and other goods
-€471,761
Staff costs
-€44,883
Depreciation
-€8,805
Write-downs
-€85,771
Other operating charges
-€1,932
Other operating items
-€2,262
Financial income
+€30,697
Financial charges
-€8,328
Taxes
-€421,667
Result 2025
€1.3m
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.
From operations
+€853,426
Investment
-€47,582
Financing
-€363,040
Cash 2024
€143,975
From operations (derived)
+€853,426
Net result for the year
+€1.3m
Depreciation
+€173,812
Receivables after one year
+€853,489
Receivables within one year
-€1.8m
Deferred charges and accrued income
+€67,566
Trade debts
+€284,589
Tax, wage and social debts
+€114,730
Other debts
-€320,000
Accrued charges and deferred income
+€133,925
Investment (derived)
-€47,582
Investment in fixed assets (net)
-€47,582
Financing
-€363,040
Debts after one year
-€70,240
Current portion of long-term debt
+€968
Short-term financial debts
-€293,768
Cash 2025
€586,779
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,031,012 | €9,207,447 | +€1.2m | +14.6% |
| Fixed assets | 21/28 | €1,135,298 | €1,009,069 | -€126,229 | -11.1% |
| Intangible fixed assets | 21 | €117,866 | €93,727 | -€24,138 | -20.5% |
| Tangible fixed assets | 22/27 | €1,017,273 | €915,181 | -€102,091 | -10.0% |
| Plant, machinery and equipment | 23 | €25,697 | €19,290 | -€6,406 | -24.9% |
| Furniture and vehicles | 24 | €84,831 | €58,040 | -€26,792 | -31.6% |
| Leasing and similar rights | 25 | €715,950 | €636,480 | -€79,470 | -11.1% |
| Other tangible fixed assets | 26 | €190,795 | €201,372 | +€10,577 | +5.5% |
| Financial fixed assets | 28 | €160 | €160 | = | 0.0% |
| Other financial fixed assets | 284/8 | €160 | €160 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €160 | €160 | = | 0.0% |
| Current assets | 29/58 | €6,895,714 | €8,198,378 | +€1.3m | +18.9% |
| Amounts receivable after more than one year | 29 | €1,494,821 | €641,332 | -€853,489 | -57.1% |
| Other amounts receivable | 291 | €1,494,821 | €641,332 | -€853,489 | -57.1% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €4,951,643 | €6,732,559 | +€1.8m | +36.0% |
| Trade receivables | 40 | €4,043,668 | €5,372,343 | +€1.3m | +32.9% |
| Other amounts receivable | 41 | €907,975 | €1,360,216 | +€452,241 | +49.8% |
| Cash at bank and in hand | 54/58 | €143,975 | €586,779 | +€442,804 | +307.6% |
| Deferred charges and accrued income | 490/1 | €305,275 | €237,708 | -€67,566 | -22.1% |
| Total equity and liabilities | 10/49 | €8,031,012 | €9,207,447 | +€1.2m | +14.6% |
| Equity | 10/15 | €2,902,654 | €4,228,885 | +€1.3m | +45.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €2,884,062 | €4,210,293 | +€1.3m | +46.0% |
| Tax-exempt reserves | 132 | €884,100 | €315,750 | -€568,350 | -64.3% |
| Distributable reserves | 133 | €1,999,962 | €3,894,543 | +€1.9m | +94.7% |
| Amounts payable | 17/49 | €5,128,358 | €4,978,562 | -€149,796 | -2.9% |
| Amounts payable after more than one year | 17 | €629,285 | €559,046 | -€70,240 | -11.2% |
| Financial debts | 170/4 | €629,285 | €559,046 | -€70,240 | -11.2% |
| Leasing and similar obligations | 172 | €629,285 | €559,046 | -€70,240 | -11.2% |
| Amounts payable within one year | 42/48 | €4,494,273 | €4,280,792 | -€213,481 | -4.8% |
| Current portion of amounts payable after more than one year | 42 | €69,272 | €70,240 | +€968 | +1.4% |
| Financial debts | 43 | €1,089,103 | €795,335 | -€293,768 | -27.0% |
| Credit institutions | 430/8 | €284,463 | €167,014 | -€117,449 | -41.3% |
| Other loans | 439 | €804,640 | €628,321 | -€176,319 | -21.9% |
| Trade debts | 44 | €2,944,218 | €3,228,807 | +€284,589 | +9.7% |
| Suppliers | 440/4 | €2,944,218 | €3,228,807 | +€284,589 | +9.7% |
| Taxes, remuneration and social security | 45 | €71,680 | €186,410 | +€114,730 | +160.1% |
| Taxes | 450/3 | €2,237 | €111,621 | +€109,384 | +4889.0% |
| Remuneration and social security | 454/9 | €69,443 | €74,789 | +€5,346 | +7.7% |
| Other amounts payable | 47/48 | €320,000 | €0 | -€320,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | €4,800 | €138,725 | +€133,925 | +2790.1% |
| Operating income | 70/76A | €32,601,119 | €42,079,829 | +€9.5m | +29.1% |
| Turnover | 70 | €32,513,721 | €41,984,650 | +€9.5m | +29.1% |
| Other operating income | 74 | €70,377 | €80,421 | +€10,044 | +14.3% |
| Non-recurring operating income | 76A | €17,021 | €14,758 | -€2,262 | -13.3% |
| Operating charges | 60/66A | €32,534,293 | €40,320,190 | +€7.8m | +23.9% |
| Goods for resale, raw materials and consumables | 60 | €29,345,948 | €36,518,693 | +€7.2m | +24.4% |
| Purchases | 600/8 | €29,345,948 | €36,518,693 | +€7.2m | +24.4% |
| Services and other goods | 61 | €2,211,547 | €2,683,308 | +€471,761 | +21.3% |
| Remuneration, social security and pensions | 62 | €783,184 | €828,066 | +€44,883 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €165,006 | €173,812 | +€8,805 | +5.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €17,929 | €103,700 | +€85,771 | +478.4% |
| Other operating charges | 640/8 | €10,680 | €12,612 | +€1,932 | +18.1% |
| Operating profit (loss) | 9901 | €66,826 | €1,759,639 | +€1.7m | +2533.2% |
| Financial income | 75/76B | €71,572 | €102,269 | +€30,697 | +42.9% |
| Recurring financial income | 75 | €71,572 | €102,269 | +€30,697 | +42.9% |
| Income from current assets | 751 | €57,438 | €97,382 | +€39,945 | +69.5% |
| Other financial income | 752/9 | €14,134 | €4,887 | -€9,248 | -65.4% |
| Financial charges | 65/66B | €67,898 | €76,226 | +€8,328 | +12.3% |
| Recurring financial charges | 65 | €67,898 | €76,226 | +€8,328 | +12.3% |
| Debt charges | 650 | €18,689 | €17,074 | -€1,615 | -8.6% |
| Other financial charges | 652/9 | €49,209 | €59,152 | +€9,943 | +20.2% |
| Profit (loss) for the period before taxes | 9903 | €70,499 | €1,785,681 | +€1.7m | +2432.9% |
| Income taxes | 67/77 | €37,784 | €459,450 | +€421,667 | +1116.0% |
| Taxes | 670/3 | €37,784 | €459,596 | +€421,812 | +1116.4% |
| Tax adjustments and reversals of tax provisions | 77 | - | €146 | +€146 | |
| Profit (loss) for the period | 9904 | €32,716 | €1,326,231 | +€1.3m | +3953.8% |
| Transfer from tax-exempt reserves | 789 | - | €568,350 | +€568,350 | |
| Transfer to tax-exempt reserves | 689 | €315,750 | €0 | -€315,750 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€283,034 | €1,894,581 | +€2.2m |
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.