ANCA: 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.
ANCA
Largest movements
- Stocks and contracts +€965,000
up €965,000 (+215%), from €448,000 to €1.4m
- Cash -€168,686
down €168,686 (-65.5%), from €257,381 to €88,695
mainly Stocks and contracts (-€965,000) and Net result for the year (-€24,390)
- Tangible fixed assets -€54,356
down €54,356 (-13.4%), from €405,902 to €351,546
of which Land and buildings: -€37,539
- Current portion of long-term debt +€693,485
up €693,485 (+1,169%), from €59,300 to €752,785
- Debts after one year +€44,016
up €44,016 (+21.7%), from €203,302 to €247,318
- Reserves -€27,590
down €27,590 (-5.2%), from €526,090 to €498,500
of which Distributable reserves: -€27,590
- Gross operating margin -€78,079
down €78,079 (-55.5%), from €140,626 to €62,547
- Taxes -€24,058
down €24,058 (-94.8%), from €25,365 to €1,307
- Financial charges +€19,093
up €19,093 (+313%), from €6,107 to €25,200
- Financial income +€5,276
up €5,276 (+2,512,329%), from €0 to €5,276
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 | €1,128,222 | €1,873,497 | +€745,275 | +66.1% |
| Fixed assets | 21/28 | €407,002 | €352,916 | -€54,086 | -13.3% |
| Tangible fixed assets | 22/27 | €405,902 | €351,546 | -€54,356 | -13.4% |
| Land and buildings | 22 | €370,675 | €333,136 | -€37,539 | -10.1% |
| Furniture and vehicles | 24 | €35,227 | €18,410 | -€16,817 | -47.7% |
| Financial fixed assets | 28 | €1,100 | €1,370 | +€270 | +24.5% |
| Current assets | 29/58 | €721,220 | €1,520,581 | +€799,362 | +111% |
| Stocks and contracts in progress | 3 | €448,000 | €1,413,000 | +€965,000 | +215% |
| Stocks | 30/36 | €448,000 | €1,413,000 | +€965,000 | +215% |
| Amounts receivable within one year | 40/41 | €15,838 | €18,886 | +€3,048 | +19.2% |
| Trade receivables | 40 | €1,712 | €0 | -€1,712 | -100% |
| Other amounts receivable | 41 | €14,127 | €18,886 | +€4,760 | +33.7% |
| Cash at bank and in hand | 54/58 | €257,381 | €88,695 | -€168,686 | -65.5% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,128,222 | €1,873,497 | +€745,275 | +66.1% |
| Equity | 10/15 | €802,439 | €778,050 | -€24,390 | -3.0% |
| Contributions | 10/11 | €275,900 | €275,900 | = | 0.0% |
| Reserves | 13 | €526,090 | €498,500 | -€27,590 | -5.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €526,090 | €498,500 | -€27,590 | -5.2% |
| Profit (loss) carried forward | 14 | €449 | €3,650 | +€3,200 | +712% |
| Amounts payable | 17/49 | €325,783 | €1,095,447 | +€769,665 | +236% |
| Amounts payable after more than one year | 17 | €203,302 | €247,318 | +€44,016 | +21.7% |
| Financial debts | 170/4 | €203,302 | €247,318 | +€44,016 | +21.7% |
| Amounts payable within one year | 42/48 | €122,480 | €837,980 | +€715,499 | +584% |
| Current portion of amounts payable after more than one year | 42 | €59,300 | €752,785 | +€693,485 | +1,169% |
| Trade debts | 44 | €1,166 | €1,565 | +€399 | +34.3% |
| Suppliers | 440/4 | €1,166 | €1,565 | +€399 | +34.3% |
| Advances received on contracts in progress | 46 | €6,016 | €10,156 | +€4,140 | +68.8% |
| Taxes, remuneration and social security | 45 | €5,365 | €11,022 | +€5,657 | +105% |
| Taxes | 450/3 | €5,365 | €11,022 | +€5,657 | +105% |
| Other amounts payable | 47/48 | €50,634 | €62,452 | +€11,818 | +23.3% |
| Accrued charges and deferred income | 492/3 | - | €10,150 | +€10,150 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,356 | €54,356 | = | 0.0% |
| Other operating charges | 640/8 | €11,013 | €11,349 | +€336 | +3.0% |
| Gross operating margin | 9900 | €140,626 | €62,547 | -€78,079 | -55.5% |
| Operating profit (loss) | 9901 | €75,256 | -€3,159 | -€78,415 | |
| Financial income | 75/76B | €0 | €5,276 | +€5,276 | +2,512,329% |
| Recurring financial income | 75 | €0 | €5,276 | +€5,276 | +2,512,329% |
| Financial charges | 65/66B | €6,107 | €25,200 | +€19,093 | +313% |
| Recurring financial charges | 65 | €6,107 | €25,200 | +€19,093 | +313% |
| Profit (loss) for the period before taxes | 9903 | €69,149 | -€23,083 | -€92,232 | |
| Income taxes | 67/77 | €25,365 | €1,307 | -€24,058 | -94.8% |
| Profit (loss) for the period | 9904 | €43,784 | -€24,390 | -€68,174 | |
| Profit (loss) for the period to be appropriated | 9905 | €43,784 | -€24,390 | -€68,174 |
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 23 October 2026 via checked.be.