ANC: 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.
ANC
Largest movements
- Receivables within one year -€43,232
down €43,232 (-94.6%), from €45,713 to €2,481
of which Trade receivables: -€43,663
- Deferred charges and accrued income +€39,375
new in 2025: €39,375
- Cash -€12,519
down €12,519 (-98.4%), from €12,724 to €205
mainly Deferred charges and accrued income (-€39,375) and Net result for the year (-€18,824)
- Profit (loss) carried forward -€18,824
down €18,824, from €16,451 to -€2,374
- Trade debts +€5,660
up €5,660 (+16.6%), from €34,093 to €39,753
of which Suppliers: +€21,086
- Tax, wage and social debts -€3,600
down €3,600 (-84.3%), from €4,270 to €671
- Gross operating margin -€21,829
down €21,829, from €3,817 to -€18,012
- Purchases and services +€15,191
up €15,191 (+6.9%), from €220,070 to €235,262
- Turnover -€5,407
down €5,407 (-2.4%), from €222,656 to €217,249
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 | €59,314 | €42,550 | -€16,764 | -28.3% |
| Fixed assets | 21/28 | €876 | €488 | -€388 | -44.3% |
| Tangible fixed assets | 22/27 | €876 | €488 | -€388 | -44.3% |
| Plant, machinery and equipment | 23 | €876 | €488 | -€388 | -44.3% |
| Current assets | 29/58 | €58,438 | €42,062 | -€16,376 | -28.0% |
| Amounts receivable within one year | 40/41 | €45,713 | €2,481 | -€43,232 | -94.6% |
| Trade receivables | 40 | €45,713 | €2,050 | -€43,663 | -95.5% |
| Other amounts receivable | 41 | - | €431 | +€431 | |
| Cash at bank and in hand | 54/58 | €12,724 | €205 | -€12,519 | -98.4% |
| Deferred charges and accrued income | 490/1 | - | €39,375 | +€39,375 | |
| Total equity and liabilities | 10/49 | €59,314 | €42,550 | -€16,764 | -28.3% |
| Equity | 10/15 | €20,951 | €2,126 | -€18,824 | -89.9% |
| Contributions | 10/11 | €4,500 | €4,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,451 | -€2,374 | -€18,824 | |
| Amounts payable | 17/49 | €38,363 | €40,423 | +€2,061 | +5.4% |
| Amounts payable within one year | 42/48 | €38,363 | €40,423 | +€2,061 | +5.4% |
| Trade debts | 44 | €34,093 | €39,753 | +€5,660 | +16.6% |
| Suppliers | 440/4 | €18,667 | €39,753 | +€21,086 | +113.0% |
| Bills of exchange payable | 441 | €15,425 | - | -€15,425 | |
| Taxes, remuneration and social security | 45 | €4,270 | €671 | -€3,600 | -84.3% |
| Taxes | 450/3 | €4,270 | €671 | -€3,600 | -84.3% |
| Turnover | 70 | €222,656 | €217,249 | -€5,407 | -2.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €220,070 | €235,262 | +€15,191 | +6.9% |
| Remuneration, social security and pensions | 62 | €802 | - | -€802 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €292 | €388 | +€96 | +32.8% |
| Other operating charges | 640/8 | €116 | €230 | +€114 | +98.3% |
| Gross operating margin | 9900 | €3,817 | -€18,012 | -€21,829 | |
| Operating profit (loss) | 9901 | €2,606 | -€18,631 | -€21,237 | |
| Financial income | 75/76B | - | €34 | +€34 | |
| Recurring financial income | 75 | - | €34 | +€34 | |
| Financial charges | 65/66B | €83 | €57 | -€25 | -30.9% |
| Recurring financial charges | 65 | €83 | €57 | -€25 | -30.9% |
| Profit (loss) for the period before taxes | 9903 | €2,524 | -€18,654 | -€21,177 | |
| Income taxes | 67/77 | €629 | €171 | -€458 | -72.9% |
| Profit (loss) for the period | 9904 | €1,895 | -€18,824 | -€20,719 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,895 | -€18,824 | -€20,719 |
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 2 October 2026 via checked.be.