ANCHORAGE: 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.
ANCHORAGE
Largest movements
- Cash +€46,770
up €46,770 (+34.5%), from €135,426 to €182,196
mainly Other debts (+€35,817) and Depreciation (+€25,475)
- Tangible fixed assets -€17,125
down €17,125 (-10.3%), from €165,845 to €148,720
of which Land and buildings: -€15,375
- Other debts +€35,817
up €35,817 (+25.3%), from €141,348 to €177,165
- Debts after one year -€14,392
down €14,392 (-15.3%), from €94,193 to €79,801
- Profit (loss) carried forward +€9,281
up €9,281 (+7.5%), from €124,375 to €133,657
- Trade debts -€8,856
down €8,856 (-61.2%), from €14,469 to €5,614
- Tax, wage and social debts +€7,834
up €7,834 (+47.3%), from €16,565 to €24,399
- Financial charges -€11,075
down €11,075 (-79.4%), from €13,948 to €2,873
- Other operating charges +€8,388
up €8,388 (+238.3%), from €3,521 to €11,909
- Gross operating margin -€4,068
down €4,068 (-7.5%), from €54,294 to €50,226
- Financial income +€2,994
up €2,994 (+4672.9%), from €64 to €3,058
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 | €419,384 | €448,395 | +€29,011 | +6.9% |
| Fixed assets | 21/28 | €165,845 | €148,720 | -€17,125 | -10.3% |
| Tangible fixed assets | 22/27 | €165,845 | €148,720 | -€17,125 | -10.3% |
| Land and buildings | 22 | €155,837 | €140,461 | -€15,375 | -9.9% |
| Plant, machinery and equipment | 23 | - | €796 | +€796 | |
| Furniture and vehicles | 24 | €10,008 | €7,463 | -€2,545 | -25.4% |
| Current assets | 29/58 | €253,539 | €299,675 | +€46,136 | +18.2% |
| Amounts receivable within one year | 40/41 | €117,516 | €116,725 | -€791 | -0.7% |
| Trade receivables | 40 | €112,616 | €111,825 | -€791 | -0.7% |
| Other amounts receivable | 41 | €4,900 | €4,900 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €135,426 | €182,196 | +€46,770 | +34.5% |
| Deferred charges and accrued income | 490/1 | €597 | €754 | +€157 | +26.2% |
| Total equity and liabilities | 10/49 | €419,384 | €448,395 | +€29,011 | +6.9% |
| Equity | 10/15 | €138,635 | €147,917 | +€9,281 | +6.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €124,375 | €133,657 | +€9,281 | +7.5% |
| Amounts payable | 17/49 | €280,748 | €300,478 | +€19,730 | +7.0% |
| Amounts payable after more than one year | 17 | €94,193 | €79,801 | -€14,392 | -15.3% |
| Financial debts | 170/4 | €94,193 | €79,801 | -€14,392 | -15.3% |
| Amounts payable within one year | 42/48 | €186,526 | €220,380 | +€33,854 | +18.1% |
| Current portion of amounts payable after more than one year | 42 | €14,144 | €13,202 | -€942 | -6.7% |
| Trade debts | 44 | €14,469 | €5,614 | -€8,856 | -61.2% |
| Suppliers | 440/4 | €14,469 | €5,614 | -€8,856 | -61.2% |
| Taxes, remuneration and social security | 45 | €16,565 | €24,399 | +€7,834 | +47.3% |
| Taxes | 450/3 | €16,565 | €24,399 | +€7,834 | +47.3% |
| Other amounts payable | 47/48 | €141,348 | €177,165 | +€35,817 | +25.3% |
| Accrued charges and deferred income | 492/3 | €30 | €297 | +€268 | +907.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,946 | €25,475 | +€529 | +2.1% |
| Other operating charges | 640/8 | €3,521 | €11,909 | +€8,388 | +238.3% |
| Gross operating margin | 9900 | €54,294 | €50,226 | -€4,068 | -7.5% |
| Operating profit (loss) | 9901 | €25,828 | €12,843 | -€12,985 | -50.3% |
| Financial income | 75/76B | €64 | €3,058 | +€2,994 | +4672.9% |
| Recurring financial income | 75 | €64 | €3,058 | +€2,994 | +4672.9% |
| Financial charges | 65/66B | €13,948 | €2,873 | -€11,075 | -79.4% |
| Recurring financial charges | 65 | €13,948 | €2,873 | -€11,075 | -79.4% |
| Profit (loss) for the period before taxes | 9903 | €11,944 | €13,029 | +€1,084 | +9.1% |
| Income taxes | 67/77 | €3,422 | €3,747 | +€325 | +9.5% |
| Profit (loss) for the period | 9904 | €8,522 | €9,281 | +€759 | +8.9% |
| Profit (loss) for the period to be appropriated | 9905 | €8,522 | €9,281 | +€759 | +8.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.