ANCON: 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.
ANCON
Largest movements
- Tangible fixed assets +€1.2m
up €1.2m (+57.0%), from €2.0m to €3.2m
of which Leasing and similar rights: +€1.3m
- Stocks and contracts +€352,802
up €352,802 (+85.5%), from €412,689 to €765,491
- Receivables within one year +€155,074
up €155,074 (+9.8%), from €1.6m to €1.7m
of which Other amounts receivable: +€169,795
- Cash +€92,599
up €92,599 (+23.4%), from €396,264 to €488,863
mainly Net result for the year (+€558,079) and Debts after one year (+€470,560)
- Reserves +€558,079
up €558,079 (+28.5%), from €2.0m to €2.5m
- Debts after one year +€470,560
up €470,560 (+14.5%), from €3.2m to €3.7m
- Trade debts +€391,533
up €391,533 (+70.6%), from €554,647 to €946,179
- Current portion of long-term debt +€278,702
up €278,702 (+38.1%), from €731,499 to €1.0m
- Staff costs +€261,117
up €261,117 (+41.5%), from €628,810 to €889,927
- Gross operating margin -€196,796
down €196,796 (-8.3%), from €2.4m to €2.2m
- Taxes -€174,849
down €174,849 (-54.6%), from €320,030 to €145,181
- Depreciation +€82,187
up €82,187 (+23.9%), from €344,050 to €426,237
- Financial charges +€32,494
up €32,494 (+27.9%), from €116,405 to €148,899
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 | €6,631,837 | €8,378,092 | +€1.7m | +26.3% |
| Fixed assets | 21/28 | €4,247,057 | €5,392,837 | +€1.1m | +27.0% |
| Intangible fixed assets | 21 | €18,494 | €9,845 | -€8,649 | -46.8% |
| Tangible fixed assets | 22/27 | €2,026,863 | €3,181,292 | +€1.2m | +57.0% |
| Land and buildings | 22 | €1,075,249 | €1,093,286 | +€18,037 | +1.7% |
| Plant, machinery and equipment | 23 | €461,379 | €350,434 | -€110,945 | -24.0% |
| Furniture and vehicles | 24 | €14,844 | €10,164 | -€4,680 | -31.5% |
| Leasing and similar rights | 25 | €475,392 | €1,727,409 | +€1.3m | +263.4% |
| Financial fixed assets | 28 | €2,201,700 | €2,201,700 | = | 0.0% |
| Current assets | 29/58 | €2,384,780 | €2,985,255 | +€600,475 | +25.2% |
| Stocks and contracts in progress | 3 | €412,689 | €765,491 | +€352,802 | +85.5% |
| Stocks | 30/36 | €412,689 | €765,491 | +€352,802 | +85.5% |
| Amounts receivable within one year | 40/41 | €1,574,376 | €1,729,450 | +€155,074 | +9.8% |
| Trade receivables | 40 | €1,543,840 | €1,529,119 | -€14,721 | -1.0% |
| Other amounts receivable | 41 | €30,536 | €200,331 | +€169,795 | +556.1% |
| Cash at bank and in hand | 54/58 | €396,264 | €488,863 | +€92,599 | +23.4% |
| Deferred charges and accrued income | 490/1 | €1,451 | €1,451 | = | 0.0% |
| Total equity and liabilities | 10/49 | €6,631,837 | €8,378,092 | +€1.7m | +26.3% |
| Equity | 10/15 | €1,974,144 | €2,532,223 | +€558,079 | +28.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,955,544 | €2,513,623 | +€558,079 | +28.5% |
| Distributable reserves | 133 | €1,955,544 | €2,513,623 | +€558,079 | +28.5% |
| Amounts payable | 17/49 | €4,657,694 | €5,845,869 | +€1.2m | +25.5% |
| Amounts payable after more than one year | 17 | €3,237,538 | €3,708,098 | +€470,560 | +14.5% |
| Financial debts | 170/4 | €3,237,538 | €3,708,098 | +€470,560 | +14.5% |
| Amounts payable within one year | 42/48 | €1,420,156 | €2,136,843 | +€716,687 | +50.5% |
| Current portion of amounts payable after more than one year | 42 | €731,499 | €1,010,202 | +€278,702 | +38.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €554,647 | €946,179 | +€391,533 | +70.6% |
| Suppliers | 440/4 | €554,647 | €946,179 | +€391,533 | +70.6% |
| Taxes, remuneration and social security | 45 | €133,468 | €180,354 | +€46,887 | +35.1% |
| Taxes | 450/3 | €40,986 | €57,044 | +€16,057 | +39.2% |
| Remuneration and social security | 454/9 | €92,481 | €123,311 | +€30,830 | +33.3% |
| Other amounts payable | 47/48 | €542 | €108 | -€434 | -80.2% |
| Accrued charges and deferred income | 492/3 | €0 | €928 | +€928 | |
| Remuneration, social security and pensions | 62 | €628,810 | €889,927 | +€261,117 | +41.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €344,050 | €426,237 | +€82,187 | +23.9% |
| Other operating charges | 640/8 | €12,976 | €11,365 | -€1,612 | -12.4% |
| Gross operating margin | 9900 | €2,368,051 | €2,171,254 | -€196,796 | -8.3% |
| Operating profit (loss) | 9901 | €1,382,214 | €843,726 | -€538,488 | -39.0% |
| Financial income | 75/76B | €6,446 | €8,434 | +€1,988 | +30.8% |
| Recurring financial income | 75 | €6,446 | €8,434 | +€1,988 | +30.8% |
| Financial charges | 65/66B | €116,405 | €148,899 | +€32,494 | +27.9% |
| Recurring financial charges | 65 | €116,405 | €148,899 | +€32,494 | +27.9% |
| Profit (loss) for the period before taxes | 9903 | €1,272,255 | €703,260 | -€568,995 | -44.7% |
| Income taxes | 67/77 | €320,030 | €145,181 | -€174,849 | -54.6% |
| Profit (loss) for the period | 9904 | €952,225 | €558,079 | -€394,145 | -41.4% |
| Profit (loss) for the period to be appropriated | 9905 | €952,225 | €558,079 | -€394,145 | -41.4% |
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 10 October 2026 via checked.be.