ANCENA: 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.
ANCENA
Largest movements
- Cash -€106,046
down €106,046 (-90.0%), from €117,862 to €11,816
mainly Advances received (-€122,640) and Net result for the year (-€36,323)
- Receivables within one year +€20,357
up €20,357 (+144.4%), from €14,096 to €34,453
of which Trade receivables: +€29,292
- Tangible fixed assets -€15,853
down €15,853 (-14.3%), from €111,014 to €95,161
- Advances received -€122,640
no longer reported in 2025 (was €122,640)
- Tax, wage and social debts +€55,439
new in 2025: €55,439
- Profit (loss) carried forward -€36,323
down €36,323 (-45.3%), from €80,234 to €43,911
- Taxes +€14,802
new in 2025: €14,802
- Financial charges -€6,444
down €6,444 (-98.5%), from €6,544 to €99
- Depreciation -€2,755
down €2,755 (-14.8%), from €18,608 to €15,853
- Gross operating margin +€1,440
up €1,440 (+48.2%), from -€2,988 to -€1,547
- Other operating charges +€256
up €256 (+6.5%), from €3,945 to €4,201
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 | €244,057 | €141,793 | -€102,263 | -41.9% |
| Fixed assets | 21/28 | €111,377 | €95,524 | -€15,853 | -14.2% |
| Tangible fixed assets | 22/27 | €111,014 | €95,161 | -€15,853 | -14.3% |
| Land and buildings | 22 | €90,725 | €85,023 | -€5,702 | -6.3% |
| Plant, machinery and equipment | 23 | €4,738 | €1,979 | -€2,759 | -58.2% |
| Furniture and vehicles | 24 | €1,399 | - | -€1,399 | |
| Other tangible fixed assets | 26 | €14,153 | €8,160 | -€5,993 | -42.3% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €132,679 | €46,269 | -€86,410 | -65.1% |
| Amounts receivable within one year | 40/41 | €14,096 | €34,453 | +€20,357 | +144.4% |
| Trade receivables | 40 | €5,161 | €34,453 | +€29,292 | +567.6% |
| Other amounts receivable | 41 | €8,935 | - | -€8,935 | |
| Cash at bank and in hand | 54/58 | €117,862 | €11,816 | -€106,046 | -90.0% |
| Deferred charges and accrued income | 490/1 | €721 | - | -€721 | |
| Total equity and liabilities | 10/49 | €244,057 | €141,793 | -€102,263 | -41.9% |
| Equity | 10/15 | €104,294 | €67,971 | -€36,323 | -34.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €17,860 | €17,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €16,000 | €16,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €80,234 | €43,911 | -€36,323 | -45.3% |
| Amounts payable | 17/49 | €139,762 | €73,822 | -€65,940 | -47.2% |
| Amounts payable within one year | 42/48 | €139,762 | €73,822 | -€65,940 | -47.2% |
| Trade debts | 44 | €8,296 | €8,856 | +€560 | +6.7% |
| Suppliers | 440/4 | €8,296 | €8,856 | +€560 | +6.7% |
| Advances received on contracts in progress | 46 | €122,640 | - | -€122,640 | |
| Taxes, remuneration and social security | 45 | - | €55,439 | +€55,439 | |
| Taxes | 450/3 | - | €55,439 | +€55,439 | |
| Other amounts payable | 47/48 | €8,826 | €9,528 | +€702 | +7.9% |
| Non-recurring operating income | 76A | €289 | - | -€289 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,608 | €15,853 | -€2,755 | -14.8% |
| Other operating charges | 640/8 | €3,945 | €4,201 | +€256 | +6.5% |
| Non-recurring operating charges | 66A | €2,389 | - | -€2,389 | |
| Gross operating margin | 9900 | -€2,988 | -€1,547 | +€1,440 | +48.2% |
| Operating profit (loss) | 9901 | -€27,930 | -€21,601 | +€6,329 | +22.7% |
| Financial income | 75/76B | €0 | €180 | +€180 | +900100.0% |
| Recurring financial income | 75 | €0 | €180 | +€180 | +900100.0% |
| Financial charges | 65/66B | €6,544 | €99 | -€6,444 | -98.5% |
| Recurring financial charges | 65 | €6,544 | €99 | -€6,444 | -98.5% |
| Profit (loss) for the period before taxes | 9903 | -€34,474 | -€21,521 | +€12,953 | +37.6% |
| Income taxes | 67/77 | - | €14,802 | +€14,802 | |
| Profit (loss) for the period | 9904 | -€34,474 | -€36,323 | -€1,849 | -5.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,474 | -€36,323 | -€1,849 | -5.4% |
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 8 October 2026 via checked.be.