ANCONS: 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.
ANCONS
Largest movements
- Current investments +€299,091
up €299,091 (+63.2%), from €473,269 to €772,360
- Cash -€194,161
down €194,161 (-87.9%), from €220,980 to €26,819
mainly Current investments (-€299,091) and Contributions, distributions and other (-€92,764)
- Tangible fixed assets -€136,671
down €136,671 (-8.1%), from €1.7m to €1.6m
of which Land and buildings: -€136,069
- Receivables after one year +€51,500
new in 2025: €51,500
- Debts after one year -€29,982
down €29,982 (-17.7%), from €169,512 to €139,530
- Other debts +€27,014
up €27,014 (+106.6%), from €25,335 to €52,349
- Gross operating margin +€127,346
up €127,346 (+320.7%), from €39,703 to €167,049
- Financial income +€41,778
up €41,778 (+357.0%), from €11,702 to €53,479
of which Non-recurring financial income: +€29,412
- Taxes +€23,068
up €23,068 (+2295.9%), from €1,005 to €24,073
- Financial charges +€11,057
up €11,057 (+275.0%), from €4,020 to €15,078
of which Non-recurring financial charges: +€5,920
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 | €2,422,805 | €2,428,091 | +€5,286 | +0.2% |
| Fixed assets | 21/28 | €1,687,764 | €1,551,092 | -€136,671 | -8.1% |
| Tangible fixed assets | 22/27 | €1,687,764 | €1,551,092 | -€136,671 | -8.1% |
| Land and buildings | 22 | €1,683,011 | €1,546,942 | -€136,069 | -8.1% |
| Furniture and vehicles | 24 | €4,753 | €4,151 | -€602 | -12.7% |
| Current assets | 29/58 | €735,041 | €876,998 | +€141,957 | +19.3% |
| Amounts receivable after more than one year | 29 | - | €51,500 | +€51,500 | |
| Trade receivables | 290 | - | €51,500 | +€51,500 | |
| Amounts receivable within one year | 40/41 | €39,337 | €24,719 | -€14,618 | -37.2% |
| Trade receivables | 40 | €2,828 | €13,057 | +€10,229 | +361.7% |
| Other amounts receivable | 41 | €36,509 | €11,662 | -€24,847 | -68.1% |
| Current investments | 50/53 | €473,269 | €772,360 | +€299,091 | +63.2% |
| Cash at bank and in hand | 54/58 | €220,980 | €26,819 | -€194,161 | -87.9% |
| Deferred charges and accrued income | 490/1 | €1,455 | €1,600 | +€144 | +9.9% |
| Total equity and liabilities | 10/49 | €2,422,805 | €2,428,091 | +€5,286 | +0.2% |
| Equity | 10/15 | €2,066,749 | €2,075,256 | +€8,506 | +0.4% |
| Contributions | 10/11 | €46,351 | €46,351 | = | 0.0% |
| Reserves | 13 | €376,814 | €384,658 | +€7,844 | +2.1% |
| Tax-exempt reserves | 132 | €291,527 | €279,371 | -€12,156 | -4.2% |
| Distributable reserves | 133 | €85,286 | €105,286 | +€20,000 | +23.5% |
| Profit (loss) carried forward | 14 | €1,643,584 | €1,644,247 | +€662 | 0.0% |
| Provisions and deferred taxes | 16 | €122,456 | €117,350 | -€5,106 | -4.2% |
| Deferred taxes | 168 | €122,456 | €117,350 | -€5,106 | -4.2% |
| Amounts payable | 17/49 | €233,599 | €235,485 | +€1,886 | +0.8% |
| Amounts payable after more than one year | 17 | €169,512 | €139,530 | -€29,982 | -17.7% |
| Financial debts | 170/4 | €169,512 | €139,530 | -€29,982 | -17.7% |
| Amounts payable within one year | 42/48 | €64,005 | €94,115 | +€30,109 | +47.0% |
| Current portion of amounts payable after more than one year | 42 | €29,619 | €29,982 | +€363 | +1.2% |
| Trade debts | 44 | €4,207 | €6,484 | +€2,277 | +54.1% |
| Suppliers | 440/4 | €4,207 | €6,484 | +€2,277 | +54.1% |
| Taxes, remuneration and social security | 45 | €4,845 | €5,300 | +€456 | +9.4% |
| Taxes | 450/3 | €4,845 | €5,300 | +€456 | +9.4% |
| Other amounts payable | 47/48 | €25,335 | €52,349 | +€27,014 | +106.6% |
| Accrued charges and deferred income | 492/3 | €83 | €1,841 | +€1,758 | +2125.4% |
| Non-recurring operating income | 76A | - | €135,765 | +€135,765 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,869 | €70,190 | -€680 | -1.0% |
| Other operating charges | 640/8 | €17,690 | €18,513 | +€823 | +4.7% |
| Non-recurring operating charges | 66A | - | €3,561 | +€3,561 | |
| Gross operating margin | 9900 | €39,703 | €167,049 | +€127,346 | +320.7% |
| Operating profit (loss) | 9901 | -€48,857 | €74,785 | +€123,642 | |
| Financial income | 75/76B | €11,702 | €53,479 | +€41,778 | +357.0% |
| Recurring financial income | 75 | €11,702 | €24,067 | +€12,366 | +105.7% |
| Non-recurring financial income | 76B | - | €29,412 | +€29,412 | |
| Financial charges | 65/66B | €4,020 | €15,078 | +€11,057 | +275.0% |
| Recurring financial charges | 65 | €4,020 | €9,157 | +€5,137 | +127.8% |
| Non-recurring financial charges | 66B | - | €5,920 | +€5,920 | |
| Profit (loss) for the period before taxes | 9903 | -€41,176 | €113,187 | +€154,363 | |
| Transfer from deferred taxes | 780 | €5,187 | €12,156 | +€6,969 | +134.4% |
| Income taxes | 67/77 | €1,005 | €24,073 | +€23,068 | +2295.9% |
| Profit (loss) for the period | 9904 | -€36,994 | €101,271 | +€138,264 | |
| Transfer from tax-exempt reserves | 789 | €12,348 | €5,106 | -€7,242 | -58.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,646 | €106,377 | +€131,023 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.