ANCHOR: 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.
ANCHOR
Largest movements
- Receivables within one year +€114,697
up €114,697 (+36.4%), from €315,196 to €429,893
of which Other amounts receivable: +€120,811
- Cash +€11,310
up €11,310 (+39.9%), from €28,366 to €39,675
mainly Net result for the year (+€136,736) and Tax, wage and social debts (+€8,314)
- Reserves +€116,736
up €116,736 (+32.9%), from €354,591 to €471,327
of which Distributable reserves: +€116,736
- Tax, wage and social debts +€8,314
up €8,314 (+46.1%), from €18,054 to €26,368
- Financial income +€76,991
up €76,991 (+1474.1%), from €5,223 to €82,214
- Depreciation -€11,340
down €11,340 (-80.4%), from €14,111 to €2,771
- Taxes +€5,691
up €5,691 (+42.2%), from €13,498 to €19,189
- Gross operating margin +€1,808
up €1,808 (+2.4%), from €75,563 to €77,372
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 | €397,731 | €520,242 | +€122,511 | +30.8% |
| Fixed assets | 21/28 | €44,651 | €41,880 | -€2,771 | -6.2% |
| Tangible fixed assets | 22/27 | €4,651 | €1,880 | -€2,771 | -59.6% |
| Furniture and vehicles | 24 | €4,651 | €1,880 | -€2,771 | -59.6% |
| Financial fixed assets | 28 | €40,000 | €40,000 | = | 0.0% |
| Current assets | 29/58 | €353,080 | €478,363 | +€125,282 | +35.5% |
| Stocks and contracts in progress | 3 | €3,024 | €3,024 | = | 0.0% |
| Stocks | 30/36 | €3,024 | €3,024 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €315,196 | €429,893 | +€114,697 | +36.4% |
| Trade receivables | 40 | €101,249 | €95,134 | -€6,115 | -6.0% |
| Other amounts receivable | 41 | €213,947 | €334,759 | +€120,811 | +56.5% |
| Cash at bank and in hand | 54/58 | €28,366 | €39,675 | +€11,310 | +39.9% |
| Deferred charges and accrued income | 490/1 | €6,495 | €5,771 | -€724 | -11.1% |
| Total equity and liabilities | 10/49 | €397,731 | €520,242 | +€122,511 | +30.8% |
| Equity | 10/15 | €355,591 | €472,327 | +€116,736 | +32.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €354,591 | €471,327 | +€116,736 | +32.9% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €100 | €100 | = | 0.0% |
| Distributable reserves | 133 | €354,491 | €471,227 | +€116,736 | +32.9% |
| Amounts payable | 17/49 | €42,140 | €47,915 | +€5,775 | +13.7% |
| Amounts payable within one year | 42/48 | €41,473 | €47,216 | +€5,743 | +13.8% |
| Trade debts | 44 | €1,319 | €847 | -€471 | -35.7% |
| Suppliers | 440/4 | €1,319 | €847 | -€471 | -35.7% |
| Taxes, remuneration and social security | 45 | €18,054 | €26,368 | +€8,314 | +46.1% |
| Taxes | 450/3 | €18,054 | €26,368 | +€8,314 | +46.1% |
| Other amounts payable | 47/48 | €22,100 | €20,000 | -€2,100 | -9.5% |
| Accrued charges and deferred income | 492/3 | €667 | €699 | +€32 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,111 | €2,771 | -€11,340 | -80.4% |
| Other operating charges | 640/8 | €459 | €777 | +€318 | +69.2% |
| Non-recurring operating charges | 66A | €8,415 | - | -€8,415 | |
| Gross operating margin | 9900 | €75,563 | €77,372 | +€1,808 | +2.4% |
| Operating profit (loss) | 9901 | €52,578 | €73,823 | +€21,245 | +40.4% |
| Financial income | 75/76B | €5,223 | €82,214 | +€76,991 | +1474.1% |
| Recurring financial income | 75 | €5,223 | €82,214 | +€76,991 | +1474.1% |
| Financial charges | 65/66B | €105 | €111 | +€6 | +5.7% |
| Recurring financial charges | 65 | €105 | €111 | +€6 | +5.7% |
| Profit (loss) for the period before taxes | 9903 | €57,696 | €155,925 | +€98,229 | +170.3% |
| Income taxes | 67/77 | €13,498 | €19,189 | +€5,691 | +42.2% |
| Profit (loss) for the period | 9904 | €44,198 | €136,736 | +€92,538 | +209.4% |
| Profit (loss) for the period to be appropriated | 9905 | €44,198 | €136,736 | +€92,538 | +209.4% |
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 29 September 2026 via checked.be.