Ankapage: 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.
Ankapage
Largest movements
- Tangible fixed assets -€22,349
down €22,349 (-5.7%), from €393,661 to €371,312
of which Land and buildings: -€17,524
- Cash +€4,987
up €4,987 (+56.0%), from €8,913 to €13,900
mainly Depreciation (+€22,349) and Other debts (+€11,450)
- Debts after one year -€27,483
down €27,483 (-20.9%), from €131,492 to €104,009
- Other debts +€11,450
up €11,450 (+56.5%), from €20,250 to €31,700
- Current portion of long-term debt -€4,744
down €4,744 (-12.4%), from €38,314 to €33,570
- Reserves +€4,452
up €4,452 (+37.5%), from €11,878 to €16,330
- Depreciation -€6,030
down €6,030 (-21.2%), from €28,379 to €22,349
- Other operating charges +€5,307
up €5,307 (+254.8%), from €2,083 to €7,390
- Gross operating margin -€3,745
down €3,745 (-7.7%), from €48,393 to €44,649
- Financial charges +€955
up €955 (+12.1%), from €7,869 to €8,824
of which Financial charges: +€955
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 | €404,306 | €390,788 | -€13,517 | -3.3% |
| Fixed assets | 21/28 | €393,661 | €371,312 | -€22,349 | -5.7% |
| Tangible fixed assets | 22/27 | €393,661 | €371,312 | -€22,349 | -5.7% |
| Land and buildings | 22 | €362,098 | €344,575 | -€17,524 | -4.8% |
| Plant, machinery and equipment | 23 | €29,850 | €25,469 | -€4,380 | -14.7% |
| Furniture and vehicles | 24 | €1,713 | €1,268 | -€445 | -26.0% |
| Current assets | 29/58 | €10,645 | €19,477 | +€8,832 | +83.0% |
| Amounts receivable within one year | 40/41 | €1,311 | €5,136 | +€3,825 | +291.8% |
| Trade receivables | 40 | - | €3,007 | +€3,007 | |
| Other amounts receivable | 41 | €1,311 | €2,129 | +€818 | +62.4% |
| Current investments | 50/53 | €16 | €16 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €8,913 | €13,900 | +€4,987 | +56.0% |
| Deferred charges and accrued income | 490/1 | €405 | €425 | +€19 | +4.8% |
| Total equity and liabilities | 10/49 | €404,306 | €390,788 | -€13,517 | -3.3% |
| Equity | 10/15 | €211,878 | €216,330 | +€4,452 | +2.1% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €11,878 | €16,330 | +€4,452 | +37.5% |
| Distributable reserves | 133 | €11,878 | €16,330 | +€4,452 | +37.5% |
| Amounts payable | 17/49 | €192,427 | €174,458 | -€17,969 | -9.3% |
| Amounts payable after more than one year | 17 | €131,492 | €104,009 | -€27,483 | -20.9% |
| Financial debts | 170/4 | €131,492 | €104,009 | -€27,483 | -20.9% |
| Amounts payable within one year | 42/48 | €60,935 | €70,449 | +€9,514 | +15.6% |
| Current portion of amounts payable after more than one year | 42 | €38,314 | €33,570 | -€4,744 | -12.4% |
| Trade debts | 44 | €1,772 | €2,108 | +€337 | +19.0% |
| Suppliers | 440/4 | €1,463 | €2,108 | +€645 | +44.1% |
| Bills of exchange payable | 441 | €308 | - | -€308 | |
| Advances received on contracts in progress | 46 | €600 | €2,450 | +€1,850 | +308.3% |
| Taxes, remuneration and social security | 45 | - | €621 | +€621 | |
| Taxes | 450/3 | - | €621 | +€621 | |
| Other amounts payable | 47/48 | €20,250 | €31,700 | +€11,450 | +56.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,379 | €22,349 | -€6,030 | -21.2% |
| Other operating charges | 640/8 | €2,083 | €7,390 | +€5,307 | +254.8% |
| Gross operating margin | 9900 | €48,393 | €44,649 | -€3,745 | -7.7% |
| Operating profit (loss) | 9901 | €17,932 | €14,910 | -€3,022 | -16.9% |
| Financial income | 75/76B | - | €47 | +€47 | |
| Recurring financial income | 75 | - | €47 | +€47 | |
| Financial charges | 65/66B | €7,869 | €8,824 | +€955 | +12.1% |
| Recurring financial charges | 65 | €7,869 | €8,824 | +€955 | +12.1% |
| Non-recurring financial charges | 66B | €0 | - | -€0 | |
| Profit (loss) for the period before taxes | 9903 | €10,063 | €6,134 | -€3,929 | -39.0% |
| Income taxes | 67/77 | €1,689 | €1,682 | -€7 | -0.4% |
| Profit (loss) for the period | 9904 | €8,374 | €4,452 | -€3,921 | -46.8% |
| Profit (loss) for the period to be appropriated | 9905 | €8,374 | €4,452 | -€3,921 | -46.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.