Anckaerts Belting: what changed
Anckaerts Belting
Largest movements
- Receivables within one year -€76,600
down €76,600 (-28.7%), from €267,160 to €190,560
of which Trade receivables: -€91,474
- Receivables after one year +€50,000
up €50,000 (+294%), from €17,000 to €67,000
- Tangible fixed assets -€21,961
down €21,961 (-24.0%), from €91,559 to €69,598
of which Land and buildings: -€17,635
- Cash +€10,617
up €10,617 (+10.3%), from €102,633 to €113,250
mainly Net result for the year (+€230,187) and Receivables within one year (+€76,600)
- Deferred charges and accrued income +€9,923
up €9,923 (+287%), from €3,452 to €13,375
- Reserves -€39,813
down €39,813 (-9.3%), from €426,982 to €387,169
of which Distributable reserves: -€39,813
- Other debts +€32,669
up €32,669 (+22.9%), from €142,683 to €175,352
- Tax, wage and social debts -€24,888
down €24,888 (-99.6%), from €24,979 to €91
of which Taxes: -€24,979
- Gross operating margin +€87,058
up €87,058 (+33.7%), from €258,443 to €345,501
- Taxes +€32,494
up €32,494 (+89.6%), from €36,253 to €68,747
- Financial income +€7,984
up €7,984 (+244%), from €3,266 to €11,250
- Staff costs +€7,209
up €7,209 (+72.2%), from €9,990 to €17,199
- Depreciation +€3,582
up €3,582 (+11.4%), from €31,487 to €35,069
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €784,950 | €762,297 | -€22,653 | -2.9% |
| Fixed assets | 21/28 | €94,414 | €74,408 | -€20,006 | -21.2% |
| Intangible fixed assets | 21 | €2,855 | €4,810 | +€1,955 | +68.5% |
| Tangible fixed assets | 22/27 | €91,559 | €69,598 | -€21,961 | -24.0% |
| Land and buildings | 22 | €27,615 | €9,980 | -€17,635 | -63.9% |
| Plant, machinery and equipment | 23 | €4,376 | €4,746 | +€370 | +8.5% |
| Furniture and vehicles | 24 | €59,568 | €54,872 | -€4,696 | -7.9% |
| Current assets | 29/58 | €690,536 | €687,889 | -€2,647 | -0.4% |
| Amounts receivable after more than one year | 29 | €17,000 | €67,000 | +€50,000 | +294% |
| Other amounts receivable | 291 | €17,000 | €67,000 | +€50,000 | +294% |
| Stocks and contracts in progress | 3 | €55,112 | €56,012 | +€900 | +1.6% |
| Stocks | 30/36 | €55,112 | €56,012 | +€900 | +1.6% |
| Amounts receivable within one year | 40/41 | €267,160 | €190,560 | -€76,600 | -28.7% |
| Trade receivables | 40 | €267,160 | €175,686 | -€91,474 | -34.2% |
| Other amounts receivable | 41 | - | €14,874 | +€14,874 | |
| Current investments | 50/53 | €245,179 | €247,692 | +€2,513 | +1.0% |
| Cash at bank and in hand | 54/58 | €102,633 | €113,250 | +€10,617 | +10.3% |
| Deferred charges and accrued income | 490/1 | €3,452 | €13,375 | +€9,923 | +287% |
| Total equity and liabilities | 10/49 | €784,950 | €762,297 | -€22,653 | -2.9% |
| Equity | 10/15 | €495,155 | €455,342 | -€39,813 | -8.0% |
| Contributions | 10/11 | €68,173 | €68,173 | = | 0.0% |
| Capital | 10 | €68,173 | €68,173 | = | 0.0% |
| Issued capital | 100 | €81,973 | €81,973 | = | 0.0% |
| Uncalled capital | 101 | €13,800 | €13,800 | = | 0.0% |
| Reserves | 13 | €426,982 | €387,169 | -€39,813 | -9.3% |
| Non-distributable reserves | 130/1 | €8,197 | €8,197 | = | 0.0% |
| Legal reserve | 130 | €8,197 | €8,197 | = | 0.0% |
| Distributable reserves | 133 | €418,785 | €378,972 | -€39,813 | -9.5% |
| Amounts payable | 17/49 | €289,795 | €306,955 | +€17,160 | +5.9% |
| Amounts payable within one year | 42/48 | €289,795 | €306,955 | +€17,160 | +5.9% |
| Current portion of amounts payable after more than one year | 42 | - | €5,065 | +€5,065 | |
| Trade debts | 44 | €122,133 | €126,447 | +€4,314 | +3.5% |
| Suppliers | 440/4 | €122,133 | €126,447 | +€4,314 | +3.5% |
| Taxes, remuneration and social security | 45 | €24,979 | €91 | -€24,888 | -99.6% |
| Taxes | 450/3 | €24,979 | - | -€24,979 | |
| Remuneration and social security | 454/9 | - | €91 | +€91 | |
| Other amounts payable | 47/48 | €142,683 | €175,352 | +€32,669 | +22.9% |
| Non-recurring operating income | 76A | €5,785 | - | -€5,785 | |
| Remuneration, social security and pensions | 62 | €9,990 | €17,199 | +€7,209 | +72.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,487 | €35,069 | +€3,582 | +11.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,584 | - | +€1,584 | |
| Other operating charges | 640/8 | €6,598 | €4,634 | -€1,964 | -29.8% |
| Gross operating margin | 9900 | €258,443 | €345,501 | +€87,058 | +33.7% |
| Operating profit (loss) | 9901 | €211,952 | €288,599 | +€76,647 | +36.2% |
| Financial income | 75/76B | €3,266 | €11,250 | +€7,984 | +244% |
| Recurring financial income | 75 | €3,266 | €11,250 | +€7,984 | +244% |
| Financial charges | 65/66B | €475 | €915 | +€440 | +92.6% |
| Recurring financial charges | 65 | €475 | €915 | +€440 | +92.6% |
| Profit (loss) for the period before taxes | 9903 | €214,743 | €298,934 | +€84,191 | +39.2% |
| Income taxes | 67/77 | €36,253 | €68,747 | +€32,494 | +89.6% |
| Profit (loss) for the period | 9904 | €178,490 | €230,187 | +€51,697 | +29.0% |
| Profit (loss) for the period to be appropriated | 9905 | €178,490 | €230,187 | +€51,697 | +29.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.