ANCOOR: 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.
ANCOOR
Largest movements
- Cash -€9,261
down €9,261 (-16.1%), from €57,568 to €48,307
mainly Contributions, distributions and other (-€60,533) and Trade debts (-€373)
- Tangible fixed assets -€1,650
down €1,650 (-39.8%), from €4,141 to €2,491
- Reserves -€25,033
down €25,033 (-100%), from €25,033 to €0
- Profit (loss) carried forward +€8,615
up €8,615, from -€2,500 to €6,115
- Other debts +€5,744
up €5,744 (+12.0%), from €48,019 to €53,763
- Gross operating margin +€7,489
up €7,489 (+13.8%), from €54,169 to €61,658
- Taxes -€2,207
down €2,207 (-15.1%), from €14,660 to €12,454
- Financial charges +€1,638
up €1,638 (+378%), from €433 to €2,071
- Depreciation +€841
up €841 (+104%), from €809 to €1,650
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €80,497 | €69,753 | -€10,743 | -13.3% |
| Fixed assets | 21/28 | €4,141 | €2,491 | -€1,650 | -39.8% |
| Tangible fixed assets | 22/27 | €4,141 | €2,491 | -€1,650 | -39.8% |
| Furniture and vehicles | 24 | €4,141 | €2,491 | -€1,650 | -39.8% |
| Current assets | 29/58 | €76,355 | €67,262 | -€9,093 | -11.9% |
| Amounts receivable within one year | 40/41 | €14,926 | €15,184 | +€258 | +1.7% |
| Trade receivables | 40 | €14,564 | €15,125 | +€561 | +3.9% |
| Other amounts receivable | 41 | €362 | €59 | -€304 | -83.8% |
| Cash at bank and in hand | 54/58 | €57,568 | €48,307 | -€9,261 | -16.1% |
| Deferred charges and accrued income | 490/1 | €3,862 | €3,772 | -€90 | -2.3% |
| Total equity and liabilities | 10/49 | €80,497 | €69,753 | -€10,743 | -13.3% |
| Equity | 10/15 | €24,033 | €7,615 | -€16,418 | -68.3% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €25,033 | €0 | -€25,033 | -100% |
| Distributable reserves | 133 | €25,033 | €0 | -€25,033 | -100% |
| Profit (loss) carried forward | 14 | -€2,500 | €6,115 | +€8,615 | |
| Amounts payable | 17/49 | €56,464 | €62,138 | +€5,675 | +10.1% |
| Amounts payable within one year | 42/48 | €56,423 | €62,138 | +€5,716 | +10.1% |
| Trade debts | 44 | €2,108 | €1,735 | -€373 | -17.7% |
| Suppliers | 440/4 | €2,108 | €1,735 | -€373 | -17.7% |
| Taxes, remuneration and social security | 45 | €6,295 | €6,640 | +€344 | +5.5% |
| Taxes | 450/3 | €6,295 | €6,640 | +€344 | +5.5% |
| Other amounts payable | 47/48 | €48,019 | €53,763 | +€5,744 | +12.0% |
| Accrued charges and deferred income | 492/3 | €41 | €0 | -€41 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €809 | €1,650 | +€841 | +104% |
| Other operating charges | 640/8 | €1,073 | €1,397 | +€324 | +30.2% |
| Gross operating margin | 9900 | €54,169 | €61,658 | +€7,489 | +13.8% |
| Operating profit (loss) | 9901 | €52,288 | €58,611 | +€6,324 | +12.1% |
| Financial income | 75/76B | €1 | €29 | +€28 | +2,791% |
| Recurring financial income | 75 | €1 | €29 | +€28 | +2,791% |
| Financial charges | 65/66B | €433 | €2,071 | +€1,638 | +378% |
| Recurring financial charges | 65 | €433 | €2,071 | +€1,638 | +378% |
| Profit (loss) for the period before taxes | 9903 | €51,855 | €56,569 | +€4,713 | +9.1% |
| Income taxes | 67/77 | €14,660 | €12,454 | -€2,207 | -15.1% |
| Profit (loss) for the period | 9904 | €37,195 | €44,115 | +€6,920 | +18.6% |
| Profit (loss) for the period to be appropriated | 9905 | €37,195 | €44,115 | +€6,920 | +18.6% |
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 21 October 2026 via checked.be.