ANCLAV: 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.
ANCLAV
Largest movements
- Cash +€59,039
up €59,039 (+315.1%), from €18,739 to €77,779
mainly Net result for the year (+€60,189) and Tax, wage and social debts (+€7,664)
- Receivables within one year +€10,501
up €10,501 (+30.3%), from €34,682 to €45,183
of which Other amounts receivable: +€10,501
- Tangible fixed assets -€1,427
down €1,427 (-28.9%), from €4,938 to €3,510
- Reserves +€60,000
up €60,000 (+121.2%), from €49,500 to €109,500
- Tax, wage and social debts +€7,664
up €7,664 (+131.3%), from €5,837 to €13,501
- Gross operating margin +€76,394
up €76,394 (+1091.4%), from €7,000 to €83,394
- Taxes +€19,416
up €19,416 (+2408.0%), from €806 to €20,222
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 | €58,359 | €126,472 | +€68,113 | +116.7% |
| Fixed assets | 21/28 | €4,938 | €3,510 | -€1,427 | -28.9% |
| Tangible fixed assets | 22/27 | €4,938 | €3,510 | -€1,427 | -28.9% |
| Furniture and vehicles | 24 | €4,938 | €3,510 | -€1,427 | -28.9% |
| Current assets | 29/58 | €53,422 | €122,962 | +€69,540 | +130.2% |
| Amounts receivable within one year | 40/41 | €34,682 | €45,183 | +€10,501 | +30.3% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €34,682 | €45,183 | +€10,501 | +30.3% |
| Cash at bank and in hand | 54/58 | €18,739 | €77,779 | +€59,039 | +315.1% |
| Total equity and liabilities | 10/49 | €58,359 | €126,472 | +€68,113 | +116.7% |
| Equity | 10/15 | €50,959 | €111,148 | +€60,189 | +118.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €49,500 | €109,500 | +€60,000 | +121.2% |
| Distributable reserves | 133 | €49,500 | €109,500 | +€60,000 | +121.2% |
| Profit (loss) carried forward | 14 | €459 | €648 | +€189 | +41.2% |
| Amounts payable | 17/49 | €7,400 | €15,325 | +€7,924 | +107.1% |
| Amounts payable within one year | 42/48 | €7,400 | €15,325 | +€7,924 | +107.1% |
| Trade debts | 44 | €1,564 | €1,824 | +€260 | +16.6% |
| Suppliers | 440/4 | €1,564 | €1,824 | +€260 | +16.6% |
| Taxes, remuneration and social security | 45 | €5,837 | €13,501 | +€7,664 | +131.3% |
| Taxes | 450/3 | €5,837 | €13,501 | +€7,664 | +131.3% |
| Other amounts payable | 47/48 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,786 | €2,834 | +€48 | +1.7% |
| Gross operating margin | 9900 | €7,000 | €83,394 | +€76,394 | +1091.4% |
| Operating profit (loss) | 9901 | €4,214 | €80,560 | +€76,347 | +1811.9% |
| Financial charges | 65/66B | €287 | €149 | -€137 | -47.9% |
| Recurring financial charges | 65 | €287 | €149 | -€137 | -47.9% |
| Profit (loss) for the period before taxes | 9903 | €3,927 | €80,411 | +€76,484 | +1947.6% |
| Income taxes | 67/77 | €806 | €20,222 | +€19,416 | +2408.0% |
| Profit (loss) for the period | 9904 | €3,121 | €60,189 | +€57,068 | +1828.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,121 | €60,189 | +€57,068 | +1828.6% |
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 4 October 2026 via checked.be.