Ancore Invest: what changed
Ancore Invest
Largest movements
- Cash +€68,633
up €68,633 (+89.3%), from €76,844 to €145,477
mainly Net result for the year (+€46,460) and Receivables within one year (+€14,520)
- Receivables within one year -€14,520
down €14,520 (-98.2%), from €14,790 to €270
- Tangible fixed assets +€2,274
new in 2025: €2,274
- Profit (loss) carried forward +€46,460
up €46,460 (+83.5%), from €55,619 to €102,079
- Tax, wage and social debts +€7,616
up €7,616 (+30.1%), from €25,325 to €32,942
- Other debts +€3,867
up €3,867 (+511%), from €757 to €4,624
- Gross operating margin -€20,011
down €20,011 (-25.0%), from €80,031 to €60,019
- Taxes -€1,912
down €1,912 (-13.4%), from €14,258 to €12,345
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €91,819 | €148,206 | +€56,387 | +61.4% |
| Fixed assets | 21/28 | €185 | €2,459 | +€2,274 | +1,229% |
| Tangible fixed assets | 22/27 | - | €2,274 | +€2,274 | |
| Furniture and vehicles | 24 | - | €2,274 | +€2,274 | |
| Financial fixed assets | 28 | €185 | €185 | = | 0.0% |
| Current assets | 29/58 | €91,634 | €145,747 | +€54,113 | +59.1% |
| Amounts receivable within one year | 40/41 | €14,790 | €270 | -€14,520 | -98.2% |
| Trade receivables | 40 | €14,790 | €270 | -€14,520 | -98.2% |
| Cash at bank and in hand | 54/58 | €76,844 | €145,477 | +€68,633 | +89.3% |
| Total equity and liabilities | 10/49 | €91,819 | €148,206 | +€56,387 | +61.4% |
| Equity | 10/15 | €57,119 | €103,579 | +€46,460 | +81.3% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,619 | €102,079 | +€46,460 | +83.5% |
| Amounts payable | 17/49 | €34,701 | €44,627 | +€9,927 | +28.6% |
| Amounts payable within one year | 42/48 | €33,925 | €44,627 | +€10,702 | +31.5% |
| Trade debts | 44 | €7,843 | €7,062 | -€781 | -10.0% |
| Suppliers | 440/4 | €7,843 | €7,062 | -€781 | -10.0% |
| Taxes, remuneration and social security | 45 | €25,325 | €32,942 | +€7,616 | +30.1% |
| Taxes | 450/3 | €25,325 | €32,942 | +€7,616 | +30.1% |
| Other amounts payable | 47/48 | €757 | €4,624 | +€3,867 | +511% |
| Accrued charges and deferred income | 492/3 | €775 | - | -€775 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €328 | +€328 | |
| Other operating charges | 640/8 | €836 | €465 | -€370 | -44.3% |
| Gross operating margin | 9900 | €80,031 | €60,019 | -€20,011 | -25.0% |
| Operating profit (loss) | 9901 | €79,195 | €59,226 | -€19,969 | -25.2% |
| Financial income | 75/76B | - | €25 | +€25 | |
| Recurring financial income | 75 | - | €25 | +€25 | |
| Financial charges | 65/66B | €282 | €446 | +€164 | +57.9% |
| Recurring financial charges | 65 | €282 | €446 | +€164 | +57.9% |
| Profit (loss) for the period before taxes | 9903 | €78,913 | €58,806 | -€20,107 | -25.5% |
| Income taxes | 67/77 | €14,258 | €12,345 | -€1,912 | -13.4% |
| Profit (loss) for the period | 9904 | €64,655 | €46,460 | -€18,195 | -28.1% |
| Profit (loss) for the period to be appropriated | 9905 | €64,655 | €46,460 | -€18,195 | -28.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.