ANCAB.L.R.: 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.
ANCAB.L.R.
Largest movements
- Current investments +€170,920
up €170,920 (+21.7%), from €787,804 to €958,724
- Cash -€21,473
down €21,473 (-9.1%), from €236,252 to €214,779
mainly Current investments (-€170,920) and Contributions, distributions and other (-€145,000)
- Reserves +€278,627
up €278,627 (+36.6%), from €761,883 to €1.0m
- Profit (loss) carried forward -€142,769
no longer reported in 2025 (was €142,769)
- Tax, wage and social debts +€39,560
up €39,560 (+659%), from €6,000 to €45,560
- Other debts -€35,000
down €35,000 (-14.6%), from €240,000 to €205,000
- Trade debts +€15,305
up €15,305 (+523%), from €2,925 to €18,230
- Taxes -€28,523
down €28,523 (-26.5%), from €107,500 to €78,977
- Gross operating margin +€21,321
up €21,321 (+6.5%), from €329,602 to €350,923
- Financial income +€8,959
up €8,959 (+37.5%), from €23,904 to €32,863
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 | €1,197,310 | €1,338,308 | +€140,998 | +11.8% |
| Fixed assets | 21/28 | €42,270 | €40,942 | -€1,328 | -3.1% |
| Tangible fixed assets | 22/27 | €42,270 | €40,942 | -€1,328 | -3.1% |
| Land and buildings | 22 | €659 | - | -€659 | |
| Plant, machinery and equipment | 23 | €4,485 | €1,420 | -€3,065 | -68.3% |
| Furniture and vehicles | 24 | €28,395 | €15,379 | -€13,016 | -45.8% |
| Other tangible fixed assets | 26 | €8,732 | €24,144 | +€15,412 | +177% |
| Current assets | 29/58 | €1,155,040 | €1,297,365 | +€142,326 | +12.3% |
| Amounts receivable within one year | 40/41 | €38,891 | €30,278 | -€8,613 | -22.1% |
| Other amounts receivable | 41 | €38,891 | €30,278 | -€8,613 | -22.1% |
| Current investments | 50/53 | €787,804 | €958,724 | +€170,920 | +21.7% |
| Cash at bank and in hand | 54/58 | €236,252 | €214,779 | -€21,473 | -9.1% |
| Deferred charges and accrued income | 490/1 | €92,093 | €93,585 | +€1,492 | +1.6% |
| Total equity and liabilities | 10/49 | €1,197,310 | €1,338,308 | +€140,998 | +11.8% |
| Equity | 10/15 | €917,050 | €1,052,908 | +€135,858 | +14.8% |
| Contributions | 10/11 | €12,397 | €12,397 | = | 0.0% |
| Reserves | 13 | €761,883 | €1,040,511 | +€278,627 | +36.6% |
| Distributable reserves | 133 | €761,883 | €1,040,511 | +€278,627 | +36.6% |
| Profit (loss) carried forward | 14 | €142,769 | - | -€142,769 | |
| Amounts payable | 17/49 | €280,260 | €285,400 | +€5,140 | +1.8% |
| Amounts payable after more than one year | 17 | €16,610 | €3,339 | -€13,271 | -79.9% |
| Financial debts | 170/4 | €16,610 | €3,339 | -€13,271 | -79.9% |
| Amounts payable within one year | 42/48 | €262,061 | €282,061 | +€20,000 | +7.6% |
| Current portion of amounts payable after more than one year | 42 | €13,136 | €13,271 | +€135 | +1.0% |
| Trade debts | 44 | €2,925 | €18,230 | +€15,305 | +523% |
| Suppliers | 440/4 | €2,925 | €18,230 | +€15,305 | +523% |
| Taxes, remuneration and social security | 45 | €6,000 | €45,560 | +€39,560 | +659% |
| Taxes | 450/3 | €6,000 | €45,560 | +€39,560 | +659% |
| Other amounts payable | 47/48 | €240,000 | €205,000 | -€35,000 | -14.6% |
| Accrued charges and deferred income | 492/3 | €1,590 | - | -€1,590 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,288 | €16,081 | -€1,207 | -7.0% |
| Other operating charges | 640/8 | €2,761 | €4,439 | +€1,678 | +60.8% |
| Gross operating margin | 9900 | €329,602 | €350,923 | +€21,321 | +6.5% |
| Operating profit (loss) | 9901 | €309,552 | €330,402 | +€20,850 | +6.7% |
| Financial income | 75/76B | €23,904 | €32,863 | +€8,959 | +37.5% |
| Recurring financial income | 75 | €23,904 | €32,863 | +€8,959 | +37.5% |
| Financial charges | 65/66B | €1,496 | €3,430 | +€1,934 | +129% |
| Recurring financial charges | 65 | €1,496 | €3,430 | +€1,934 | +129% |
| Profit (loss) for the period before taxes | 9903 | €331,960 | €359,836 | +€27,875 | +8.4% |
| Income taxes | 67/77 | €107,500 | €78,977 | -€28,523 | -26.5% |
| Profit (loss) for the period | 9904 | €224,460 | €280,858 | +€56,398 | +25.1% |
| Profit (loss) for the period to be appropriated | 9905 | €224,460 | €280,858 | +€56,398 | +25.1% |
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 30 October 2026 via checked.be.