ANCOBEL: 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.
What changed
ANCOBEL
NACE 46.216, Wholesale of agricultural produce and animal feed, general range
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€325,510
2024 · €390,076-€64,566
Equity
€3.0m
2024 · €2.9m+€80,685
Cash
€808,481
2024 · €787,292+€21,189
Balance sheet total
€3.9m
2024 · €3.9m-€6,609
Largest movements
Assets
- Receivables within one year -€377,091
down €377,091 (-37.4%), from €1.0m to €631,051
of which Trade receivables: -€369,116
- Tangible fixed assets +€371,836
up €371,836 (+33.9%), from €1.1m to €1.5m
of which Land and buildings: +€345,529
- Current investments -€209,990
down €209,990 (-36.8%), from €570,000 to €360,010
- Stocks and contracts +€185,275
up €185,275 (+46.2%), from €400,826 to €586,101
Equity and liabilities
- Reserves +€80,685
up €80,685 (+3.0%), from €2.7m to €2.8m
- Debts after one year -€39,000
down €39,000 (-27.8%), from €140,040 to €101,040
Income statement
- Gross operating margin -€75,782
down €75,782 (-10.5%), from €724,176 to €648,394
- Other operating charges +€42,251
up €42,251 (+235%), from €18,003 to €60,253
- Taxes -€31,270
down €31,270 (-17.7%), from €176,292 to €145,022
- Financial income +€28,609
up €28,609 (+333%), from €8,580 to €37,189
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.
Result 2024
€390,076
Gross operating margin
-€75,782
Staff costs
-€2,901
Depreciation
-€3,644
Provisions
+€25
Other operating charges
-€42,251
Financial income
+€28,609
Financial charges
+€108
Taxes
+€31,270
Result 2025
€325,510
raises the resultlowers the result
Derived cash bridge
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.
From operations
+€576,070
Investment
-€253,805
Financing
-€301,075
Cash 2024
€787,292
From operations (derived)
+€576,070
Net result for the year
+€325,510
Depreciation
+€91,959
Stocks and contracts
-€185,275
Receivables within one year
+€377,091
Deferred charges and accrued income
-€2,172
Smaller working-capital items
-€73
Trade debts
-€23,859
Tax, wage and social debts
+€1,406
Other debts
-€7,197
Accrued charges and deferred income
-€1,321
Investment (derived)
-€253,805
Investment in fixed assets (net)
-€463,795
Current investments
+€209,990
Financing
-€301,075
Debts after one year
-€39,000
Current portion of long-term debt
-€17,250
Contributions, distributions and other
-€244,825
Cash 2025
€808,481
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,869,829 | €3,863,220 | -€6,609 | -0.2% |
| Fixed assets | 21/28 | €1,098,187 | €1,470,023 | +€371,836 | +33.9% |
| Tangible fixed assets | 22/27 | €1,096,937 | €1,468,773 | +€371,836 | +33.9% |
| Land and buildings | 22 | €975,297 | €1,320,826 | +€345,529 | +35.4% |
| Plant, machinery and equipment | 23 | €54,344 | €106,053 | +€51,710 | +95.2% |
| Furniture and vehicles | 24 | €67,296 | €41,893 | -€25,403 | -37.7% |
| Financial fixed assets | 28 | €1,250 | €1,250 | = | 0.0% |
| Current assets | 29/58 | €2,771,643 | €2,393,198 | -€378,445 | -13.7% |
| Stocks and contracts in progress | 3 | €400,826 | €586,101 | +€185,275 | +46.2% |
| Stocks | 30/36 | €400,826 | €586,101 | +€185,275 | +46.2% |
| Amounts receivable within one year | 40/41 | €1,008,142 | €631,051 | -€377,091 | -37.4% |
| Trade receivables | 40 | €780,041 | €410,925 | -€369,116 | -47.3% |
| Other amounts receivable | 41 | €228,100 | €220,126 | -€7,975 | -3.5% |
| Current investments | 50/53 | €570,000 | €360,010 | -€209,990 | -36.8% |
| Cash at bank and in hand | 54/58 | €787,292 | €808,481 | +€21,189 | +2.7% |
| Deferred charges and accrued income | 490/1 | €5,383 | €7,555 | +€2,172 | +40.3% |
| Total equity and liabilities | 10/49 | €3,869,829 | €3,863,220 | -€6,609 | -0.2% |
| Equity | 10/15 | €2,947,155 | €3,027,840 | +€80,685 | +2.7% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €2,722,840 | €2,803,525 | +€80,685 | +3.0% |
| Distributable reserves | 133 | €2,722,840 | €2,803,525 | +€80,685 | +3.0% |
| Profit (loss) carried forward | 14 | €205,565 | €205,565 | = | 0.0% |
| Provisions and deferred taxes | 16 | €2,305 | €2,370 | +€65 | +2.8% |
| Provisions for liabilities and charges | 160/5 | €2,305 | €2,370 | +€65 | +2.8% |
| Other liabilities and charges | 164/5 | €2,305 | €2,370 | +€65 | +2.8% |
| Amounts payable | 17/49 | €920,369 | €833,010 | -€87,359 | -9.5% |
| Amounts payable after more than one year | 17 | €140,040 | €101,040 | -€39,000 | -27.8% |
| Financial debts | 170/4 | €140,040 | €101,040 | -€39,000 | -27.8% |
| Amounts payable within one year | 42/48 | €775,116 | €728,079 | -€47,037 | -6.1% |
| Current portion of amounts payable after more than one year | 42 | €56,250 | €39,000 | -€17,250 | -30.7% |
| Trade debts | 44 | €597,981 | €574,122 | -€23,859 | -4.0% |
| Suppliers | 440/4 | €597,981 | €574,122 | -€23,859 | -4.0% |
| Advances received on contracts in progress | 46 | €3,518 | €3,381 | -€138 | -3.9% |
| Taxes, remuneration and social security | 45 | €20,946 | €22,353 | +€1,406 | +6.7% |
| Taxes | 450/3 | €4,993 | €10,622 | +€5,629 | +113% |
| Remuneration and social security | 454/9 | €15,954 | €11,731 | -€4,223 | -26.5% |
| Other amounts payable | 47/48 | €96,420 | €89,223 | -€7,197 | -7.5% |
| Accrued charges and deferred income | 492/3 | €5,213 | €3,892 | -€1,321 | -25.3% |
| Non-recurring operating income | 76A | - | €386 | +€386 | |
| Remuneration, social security and pensions | 62 | €51,851 | €54,752 | +€2,901 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,316 | €91,959 | +€3,644 | +4.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €90 | €65 | -€25 | -27.8% |
| Other operating charges | 640/8 | €18,003 | €60,253 | +€42,251 | +235% |
| Gross operating margin | 9900 | €724,176 | €648,394 | -€75,782 | -10.5% |
| Operating profit (loss) | 9901 | €565,917 | €441,364 | -€124,553 | -22.0% |
| Financial income | 75/76B | €8,580 | €37,189 | +€28,609 | +333% |
| Recurring financial income | 75 | €8,580 | €37,189 | +€28,609 | +333% |
| Financial charges | 65/66B | €8,129 | €8,022 | -€108 | -1.3% |
| Recurring financial charges | 65 | €8,129 | €8,022 | -€108 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | €566,368 | €470,532 | -€95,836 | -16.9% |
| Income taxes | 67/77 | €176,292 | €145,022 | -€31,270 | -17.7% |
| Profit (loss) for the period | 9904 | €390,076 | €325,510 | -€64,566 | -16.6% |
| Profit (loss) for the period to be appropriated | 9905 | €390,076 | €325,510 | -€64,566 | -16.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.