ANCOMEX: 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.
ANCOMEX
Largest movements
- Cash +€75,855
up €75,855 (+33.5%), from €226,115 to €301,970
mainly Net result for the year (+€65,675) and Depreciation (+€27,946)
- Stocks and contracts -€22,698
down €22,698 (-16.9%), from €134,155 to €111,457
- Tangible fixed assets -€8,171
down €8,171 (-7.4%), from €109,714 to €101,543
of which Plant, machinery and equipment: -€17,660
- Deferred charges and accrued income +€6,919
up €6,919 (+1932.7%), from €358 to €7,277
- Profit (loss) carried forward +€54,845
up €54,845 (+11.5%), from €477,321 to €532,166
- Trade debts -€16,816
down €16,816 (-78.4%), from €21,457 to €4,641
- Tax, wage and social debts +€12,487
up €12,487 (+194.3%), from €6,426 to €18,913
- Reserves +€10,000
up €10,000 (+83.3%), from €12,000 to €22,000
of which Distributable reserves: +€20,000
- Accrued charges and deferred income -€9,509
no longer reported in 2024 (was €9,509)
- Gross operating margin +€76,498
up €76,498 (+168.9%), from €45,300 to €121,798
- Taxes +€22,826
up €22,826 (+895.5%), from €2,549 to €25,375
- Other operating charges -€2,498
down €2,498 (-41.1%), from €6,086 to €3,588
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €546,713 | €603,962 | +€57,249 | +10.5% |
| Fixed assets | 21/28 | €109,964 | €101,793 | -€8,171 | -7.4% |
| Tangible fixed assets | 22/27 | €109,714 | €101,543 | -€8,171 | -7.4% |
| Land and buildings | 22 | €33,740 | €30,654 | -€3,086 | -9.1% |
| Plant, machinery and equipment | 23 | €33,518 | €15,858 | -€17,660 | -52.7% |
| Furniture and vehicles | 24 | €42,456 | €55,032 | +€12,576 | +29.6% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €436,749 | €502,168 | +€65,419 | +15.0% |
| Stocks and contracts in progress | 3 | €134,155 | €111,457 | -€22,698 | -16.9% |
| Stocks | 30/36 | €134,155 | €111,457 | -€22,698 | -16.9% |
| Amounts receivable within one year | 40/41 | €76,121 | €81,464 | +€5,343 | +7.0% |
| Trade receivables | 40 | €57,296 | €64,370 | +€7,074 | +12.3% |
| Other amounts receivable | 41 | €18,825 | €17,093 | -€1,732 | -9.2% |
| Cash at bank and in hand | 54/58 | €226,115 | €301,970 | +€75,855 | +33.5% |
| Deferred charges and accrued income | 490/1 | €358 | €7,277 | +€6,919 | +1932.7% |
| Total equity and liabilities | 10/49 | €546,713 | €603,962 | +€57,249 | +10.5% |
| Equity | 10/15 | €509,321 | €574,166 | +€64,845 | +12.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €12,000 | €22,000 | +€10,000 | +83.3% |
| Non-distributable reserves | 130/1 | €12,000 | €2,000 | -€10,000 | -83.3% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Other | 1319 | €10,000 | - | -€10,000 | |
| Distributable reserves | 133 | - | €20,000 | +€20,000 | |
| Profit (loss) carried forward | 14 | €477,321 | €532,166 | +€54,845 | +11.5% |
| Amounts payable | 17/49 | €37,392 | €29,796 | -€7,596 | -20.3% |
| Amounts payable within one year | 42/48 | €27,883 | €29,796 | +€1,913 | +6.9% |
| Trade debts | 44 | €21,457 | €4,641 | -€16,816 | -78.4% |
| Suppliers | 440/4 | €21,457 | €4,641 | -€16,816 | -78.4% |
| Taxes, remuneration and social security | 45 | €6,426 | €18,913 | +€12,487 | +194.3% |
| Taxes | 450/3 | €6,426 | €18,913 | +€12,487 | +194.3% |
| Other amounts payable | 47/48 | - | €6,242 | +€6,242 | |
| Accrued charges and deferred income | 492/3 | €9,509 | - | -€9,509 | |
| Non-recurring operating income | 76A | - | €24,577 | +€24,577 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,817 | €27,946 | +€129 | +0.5% |
| Other operating charges | 640/8 | €6,086 | €3,588 | -€2,498 | -41.1% |
| Gross operating margin | 9900 | €45,300 | €121,798 | +€76,498 | +168.9% |
| Operating profit (loss) | 9901 | €11,397 | €90,264 | +€78,867 | +692.0% |
| Financial income | 75/76B | €1,493 | €2,234 | +€741 | +49.7% |
| Recurring financial income | 75 | €1,493 | €2,234 | +€741 | +49.7% |
| Non-recurring financial income | 76B | €1,493 | - | -€1,493 | |
| Financial charges | 65/66B | €369 | €1,449 | +€1,080 | +292.8% |
| Recurring financial charges | 65 | €369 | €1,449 | +€1,080 | +292.8% |
| Non-recurring financial charges | 66B | €369 | - | -€369 | |
| Profit (loss) for the period before taxes | 9903 | €12,521 | €91,049 | +€78,528 | +627.2% |
| Income taxes | 67/77 | €2,549 | €25,375 | +€22,826 | +895.5% |
| Profit (loss) for the period | 9904 | €9,972 | €65,675 | +€55,703 | +558.6% |
| Profit (loss) for the period to be appropriated | 9905 | €9,972 | €65,675 | +€55,703 | +558.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.