ANCKAERT: 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.
ANCKAERT
Largest movements
- Receivables within one year +€85,562
up €85,562 (+48.5%), from €176,403 to €261,965
of which Trade receivables: +€85,543
- Stocks and contracts -€83,092
down €83,092 (-11.5%), from €720,607 to €637,516
- Cash +€52,214
up €52,214 (+229.6%), from €22,737 to €74,950
mainly Stocks and contracts (+€83,092) and Depreciation (+€45,016)
- Tangible fixed assets -€42,516
down €42,516 (-28.3%), from €150,433 to €107,917
of which Furniture and vehicles: -€142,062
- Debts after one year -€38,679
down €38,679 (-33.3%), from €116,119 to €77,440
- Other debts +€33,332
up €33,332 (+11.2%), from €297,018 to €330,349
- Trade debts +€31,956
up €31,956 (+19.3%), from €165,864 to €197,820
- Profit (loss) carried forward -€17,621
down €17,621 (-20.8%), from -€84,666 to -€102,286
- Gross operating margin +€70,011
up €70,011 (+454.3%), from €15,412 to €85,424
- Other operating charges +€41,482
up €41,482 (+2004.3%), from €2,070 to €43,552
- Staff costs -€24,982
down €24,982 (-65.5%), from €38,125 to €13,144
- Write-downs -€7,425
new in 2025: -€7,425
- Depreciation -€6,909
down €6,909 (-13.3%), from €51,924 to €45,016
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 | €1,073,854 | €1,086,477 | +€12,623 | +1.2% |
| Fixed assets | 21/28 | €150,433 | €107,917 | -€42,516 | -28.3% |
| Tangible fixed assets | 22/27 | €150,433 | €107,917 | -€42,516 | -28.3% |
| Plant, machinery and equipment | 23 | €543 | €114 | -€429 | -79.0% |
| Furniture and vehicles | 24 | €143,608 | €1,546 | -€142,062 | -98.9% |
| Leasing and similar rights | 25 | - | €99,458 | +€99,458 | |
| Other tangible fixed assets | 26 | €6,282 | €6,799 | +€517 | +8.2% |
| Current assets | 29/58 | €923,421 | €978,559 | +€55,139 | +6.0% |
| Stocks and contracts in progress | 3 | €720,607 | €637,516 | -€83,092 | -11.5% |
| Stocks | 30/36 | €720,607 | €637,516 | -€83,092 | -11.5% |
| Amounts receivable within one year | 40/41 | €176,403 | €261,965 | +€85,562 | +48.5% |
| Trade receivables | 40 | €176,403 | €261,946 | +€85,543 | +48.5% |
| Other amounts receivable | 41 | €0 | €19 | +€19 | |
| Cash at bank and in hand | 54/58 | €22,737 | €74,950 | +€52,214 | +229.6% |
| Deferred charges and accrued income | 490/1 | €3,674 | €4,129 | +€454 | +12.4% |
| Total equity and liabilities | 10/49 | €1,073,854 | €1,086,477 | +€12,623 | +1.2% |
| Equity | 10/15 | €451,378 | €433,758 | -€17,621 | -3.9% |
| Contributions | 10/11 | €24,800 | €24,800 | = | 0.0% |
| Reserves | 13 | €511,244 | €511,244 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,480 | €2,480 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,480 | €2,480 | = | 0.0% |
| Tax-exempt reserves | 132 | €16,920 | €16,920 | = | 0.0% |
| Distributable reserves | 133 | €491,844 | €491,844 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€84,666 | -€102,286 | -€17,621 | -20.8% |
| Amounts payable | 17/49 | €622,475 | €652,719 | +€30,244 | +4.9% |
| Amounts payable after more than one year | 17 | €116,119 | €77,440 | -€38,679 | -33.3% |
| Financial debts | 170/4 | €116,119 | €77,440 | -€38,679 | -33.3% |
| Amounts payable within one year | 42/48 | €506,356 | €575,279 | +€68,923 | +13.6% |
| Current portion of amounts payable after more than one year | 42 | €36,931 | €32,700 | -€4,231 | -11.5% |
| Trade debts | 44 | €165,864 | €197,820 | +€31,956 | +19.3% |
| Suppliers | 440/4 | €165,864 | €197,820 | +€31,956 | +19.3% |
| Taxes, remuneration and social security | 45 | €6,544 | €14,410 | +€7,866 | +120.2% |
| Taxes | 450/3 | €2,505 | €13,679 | +€11,174 | +446.1% |
| Remuneration and social security | 454/9 | €4,039 | €731 | -€3,308 | -81.9% |
| Other amounts payable | 47/48 | €297,018 | €330,349 | +€33,332 | +11.2% |
| Non-recurring operating income | 76A | €0 | €385 | +€385 | |
| Remuneration, social security and pensions | 62 | €38,125 | €13,144 | -€24,982 | -65.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,924 | €45,016 | -€6,909 | -13.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€7,425 | -€7,425 | |
| Other operating charges | 640/8 | €2,070 | €43,552 | +€41,482 | +2004.3% |
| Gross operating margin | 9900 | €15,412 | €85,424 | +€70,011 | +454.3% |
| Operating profit (loss) | 9901 | -€76,707 | -€8,862 | +€67,845 | +88.4% |
| Financial income | 75/76B | €724 | €261 | -€464 | -64.0% |
| Recurring financial income | 75 | €724 | €261 | -€464 | -64.0% |
| Financial charges | 65/66B | €8,683 | €9,019 | +€336 | +3.9% |
| Recurring financial charges | 65 | €8,683 | €9,019 | +€336 | +3.9% |
| Profit (loss) for the period before taxes | 9903 | -€84,666 | -€17,621 | +€67,045 | +79.2% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€84,666 | -€17,621 | +€67,045 | +79.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€84,666 | -€17,621 | +€67,045 | +79.2% |
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 6 October 2026 via checked.be.