ANCOFIN: 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.
ANCOFIN
Largest movements
- Receivables within one year -€147,339
down €147,339 (-18.8%), from €784,014 to €636,674
of which Other amounts receivable: -€147,188
- Current investments -€60,219
down €60,219 (-3.5%), from €1.7m to €1.7m
- Cash +€49,513
up €49,513 (+152.1%), from €32,558 to €82,070
mainly Receivables within one year (+€147,339) and Current investments (+€60,219)
- Profit (loss) carried forward -€116,345
down €116,345 (-3.1%), from €3.8m to €3.7m
- Debts after one year -€60,000
down €60,000 (-20.0%), from €300,000 to €240,000
- Financial income -€75,802
down €75,802 (-59.7%), from €126,960 to €51,158
of which Financial income: -€75,802
- Financial charges +€25,458
up €25,458 (+354.5%), from €7,181 to €32,639
- Gross operating margin +€7,420
up €7,420 (+6.5%), from -€114,838 to -€107,418
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 | €4,244,821 | €4,066,139 | -€178,682 | -4.2% |
| Fixed assets | 21/28 | €1,677,531 | €1,658,648 | -€18,883 | -1.1% |
| Tangible fixed assets | 22/27 | €281,725 | €262,842 | -€18,883 | -6.7% |
| Land and buildings | 22 | €269,148 | €258,336 | -€10,812 | -4.0% |
| Furniture and vehicles | 24 | €12,577 | €4,506 | -€8,071 | -64.2% |
| Financial fixed assets | 28 | €1,395,806 | €1,395,806 | = | 0.0% |
| Current assets | 29/58 | €2,567,290 | €2,407,491 | -€159,799 | -6.2% |
| Amounts receivable within one year | 40/41 | €784,014 | €636,674 | -€147,339 | -18.8% |
| Trade receivables | 40 | €151 | €0 | -€151 | -100.0% |
| Other amounts receivable | 41 | €783,863 | €636,674 | -€147,188 | -18.8% |
| Current investments | 50/53 | €1,740,529 | €1,680,310 | -€60,219 | -3.5% |
| Cash at bank and in hand | 54/58 | €32,558 | €82,070 | +€49,513 | +152.1% |
| Deferred charges and accrued income | 490/1 | €10,189 | €8,436 | -€1,754 | -17.2% |
| Total equity and liabilities | 10/49 | €4,244,821 | €4,066,139 | -€178,682 | -4.2% |
| Equity | 10/15 | €3,922,261 | €3,805,916 | -€116,345 | -3.0% |
| Contributions | 10/11 | €105,587 | €105,587 | = | 0.0% |
| Capital | 10 | €105,587 | €105,587 | = | 0.0% |
| Issued capital | 100 | €105,587 | €105,587 | = | 0.0% |
| Reserves | 13 | €10,559 | €10,559 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,559 | €10,559 | = | 0.0% |
| Legal reserve | 130 | €10,559 | €10,559 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,806,116 | €3,689,771 | -€116,345 | -3.1% |
| Amounts payable | 17/49 | €322,560 | €260,223 | -€62,337 | -19.3% |
| Amounts payable after more than one year | 17 | €300,000 | €240,000 | -€60,000 | -20.0% |
| Other amounts payable | 178/9 | €300,000 | €240,000 | -€60,000 | -20.0% |
| Amounts payable within one year | 42/48 | €9,435 | €11,035 | +€1,600 | +17.0% |
| Trade debts | 44 | €3,801 | €2,085 | -€1,716 | -45.2% |
| Suppliers | 440/4 | €3,801 | €2,085 | -€1,716 | -45.2% |
| Taxes, remuneration and social security | 45 | €5,634 | €8,951 | +€3,317 | +58.9% |
| Taxes | 450/3 | €5,634 | €8,951 | +€3,317 | +58.9% |
| Accrued charges and deferred income | 492/3 | €13,125 | €9,188 | -€3,938 | -30.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,818 | €18,883 | -€935 | -4.7% |
| Other operating charges | 640/8 | €5,910 | €6,157 | +€247 | +4.2% |
| Gross operating margin | 9900 | -€114,838 | -€107,418 | +€7,420 | +6.5% |
| Operating profit (loss) | 9901 | -€140,566 | -€132,458 | +€8,108 | +5.8% |
| Financial income | 75/76B | €126,960 | €51,158 | -€75,802 | -59.7% |
| Recurring financial income | 75 | €126,960 | €51,158 | -€75,802 | -59.7% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €7,181 | €32,639 | +€25,458 | +354.5% |
| Recurring financial charges | 65 | €7,181 | €32,639 | +€25,458 | +354.5% |
| Profit (loss) for the period before taxes | 9903 | -€20,786 | -€113,938 | -€93,152 | -448.1% |
| Income taxes | 67/77 | €2,360 | €2,407 | +€47 | +2.0% |
| Profit (loss) for the period | 9904 | -€23,146 | -€116,345 | -€93,199 | -402.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,146 | -€116,345 | -€93,199 | -402.6% |
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 5 October 2026 via checked.be.