ANC INVEST: what changed
Two financial 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 INVEST
Largest movements
- Tangible fixed assets -€26,211
down €26,211 (-26.5%), from €99,014 to €72,803
- Receivables within one year +€17,623
up €17,623 (+70.9%), from €24,844 to €42,467
- Financial fixed assets +€5,000
up €5,000 (+55.6%), from €9,000 to €14,000
- Cash -€3,927
down €3,927 (-27.6%), from €14,243 to €10,316
mainly Debts after one year (-€19,705) and Receivables within one year (-€17,623)
- Debts after one year -€19,705
down €19,705 (-36.0%), from €54,797 to €35,092
- Profit (loss) carried forward +€11,783
up €11,783 (+36.4%), from -€32,329 to -€20,547
- Tax, wage and social debts -€4,480
down €4,480 (-10.9%), from €40,992 to €36,512
of which Taxes: -€11,126
- Trade debts +€3,605
up €3,605 (+771%), from €468 to €4,073
- Gross operating margin +€67,838
up €67,838 (+92.7%), from €73,208 to €141,046
- Staff costs +€25,491
up €25,491 (+37.6%), from €67,709 to €93,200
- Financial charges -€4,119
down €4,119 (-46.1%), from €8,926 to €4,807
- Other operating charges +€3,393
up €3,393 (+1,109%), from €306 to €3,699
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.
Derived cash bridge
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 | €147,101 | €139,586 | -€7,515 | -5.1% |
| Fixed assets | 21/28 | €108,014 | €86,803 | -€21,211 | -19.6% |
| Tangible fixed assets | 22/27 | €99,014 | €72,803 | -€26,211 | -26.5% |
| Furniture and vehicles | 24 | €99,014 | €72,803 | -€26,211 | -26.5% |
| Financial fixed assets | 28 | €9,000 | €14,000 | +€5,000 | +55.6% |
| Current assets | 29/58 | €39,087 | €52,783 | +€13,696 | +35.0% |
| Amounts receivable within one year | 40/41 | €24,844 | €42,467 | +€17,623 | +70.9% |
| Trade receivables | 40 | €24,844 | €42,467 | +€17,623 | +70.9% |
| Cash at bank and in hand | 54/58 | €14,243 | €10,316 | -€3,927 | -27.6% |
| Total equity and liabilities | 10/49 | €147,101 | €139,586 | -€7,515 | -5.1% |
| Equity | 10/15 | -€29,329 | -€17,547 | +€11,783 | +40.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Capital | 10 | €3,000 | €3,000 | = | 0.0% |
| Issued capital | 100 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,329 | -€20,547 | +€11,783 | +36.4% |
| Amounts payable | 17/49 | €176,430 | €157,132 | -€19,298 | -10.9% |
| Amounts payable after more than one year | 17 | €54,797 | €35,092 | -€19,705 | -36.0% |
| Financial debts | 170/4 | €54,797 | €35,092 | -€19,705 | -36.0% |
| Amounts payable within one year | 42/48 | €121,633 | €122,040 | +€408 | +0.3% |
| Current portion of amounts payable after more than one year | 42 | €18,423 | €19,705 | +€1,283 | +7.0% |
| Trade debts | 44 | €468 | €4,073 | +€3,605 | +771% |
| Suppliers | 440/4 | €468 | €4,073 | +€3,605 | +771% |
| Taxes, remuneration and social security | 45 | €40,992 | €36,512 | -€4,480 | -10.9% |
| Taxes | 450/3 | €24,416 | €13,290 | -€11,126 | -45.6% |
| Remuneration and social security | 454/9 | €16,576 | €23,222 | +€6,646 | +40.1% |
| Other amounts payable | 47/48 | €61,750 | €61,750 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €67,709 | €93,200 | +€25,491 | +37.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,396 | €27,558 | +€162 | +0.6% |
| Other operating charges | 640/8 | €306 | €3,699 | +€3,393 | +1,109% |
| Gross operating margin | 9900 | €73,208 | €141,046 | +€67,838 | +92.7% |
| Operating profit (loss) | 9901 | -€22,203 | €16,589 | +€38,793 | |
| Financial charges | 65/66B | €8,926 | €4,807 | -€4,119 | -46.1% |
| Recurring financial charges | 65 | €8,926 | €4,807 | -€4,119 | -46.1% |
| Profit (loss) for the period before taxes | 9903 | -€31,129 | €11,783 | +€42,911 | |
| Profit (loss) for the period | 9904 | -€31,129 | €11,783 | +€42,911 | |
| Profit (loss) for the period to be appropriated | 9905 | -€31,129 | €11,783 | +€42,911 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.