ANKAROO: 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.
ANKAROO
Largest movements
- Current investments -€18,990
no longer reported in 2025 (was €18,990)
- Cash -€13,496
down €13,496 (-28.4%), from €47,595 to €34,099
mainly Contributions, distributions and other (-€13,532) and Trade debts (-€13,070)
- Receivables within one year +€4,144
up €4,144 (+8.0%), from €51,784 to €55,928
of which Trade receivables: +€2,552
- Deferred charges and accrued income -€1,310
down €1,310 (-46.6%), from €2,812 to €1,502
- Trade debts -€13,070
down €13,070 (-42.8%), from €30,537 to €17,466
- Tax, wage and social debts -€11,914
down €11,914 (-52.1%), from €22,851 to €10,938
- Other debts -€1,860
no longer reported in 2025 (was €1,860)
- Reserves -€1,641
down €1,641 (-2.6%), from €63,710 to €62,069
- Gross operating margin -€21,935
down €21,935 (-38.5%), from €56,987 to €35,053
- Financial charges +€14,154
up €14,154 (+971%), from €1,458 to €15,611
- Taxes -€10,099
down €10,099 (-60.5%), from €16,705 to €6,606
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 | €127,047 | €98,532 | -€28,514 | -22.4% |
| Fixed assets | 21/28 | €5,866 | €7,004 | +€1,138 | +19.4% |
| Tangible fixed assets | 22/27 | €5,827 | €6,965 | +€1,138 | +19.5% |
| Furniture and vehicles | 24 | €1,188 | €2,849 | +€1,661 | +140% |
| Other tangible fixed assets | 26 | €4,639 | €4,115 | -€524 | -11.3% |
| Financial fixed assets | 28 | €39 | €39 | = | 0.0% |
| Current assets | 29/58 | €121,180 | €91,528 | -€29,652 | -24.5% |
| Amounts receivable within one year | 40/41 | €51,784 | €55,928 | +€4,144 | +8.0% |
| Trade receivables | 40 | €51,784 | €54,335 | +€2,552 | +4.9% |
| Other amounts receivable | 41 | - | €1,592 | +€1,592 | |
| Current investments | 50/53 | €18,990 | - | -€18,990 | |
| Cash at bank and in hand | 54/58 | €47,595 | €34,099 | -€13,496 | -28.4% |
| Deferred charges and accrued income | 490/1 | €2,812 | €1,502 | -€1,310 | -46.6% |
| Total equity and liabilities | 10/49 | €127,047 | €98,532 | -€28,514 | -22.4% |
| Equity | 10/15 | €71,770 | €70,129 | -€1,641 | -2.3% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €63,710 | €62,069 | -€1,641 | -2.6% |
| Distributable reserves | 133 | €63,710 | €62,069 | -€1,641 | -2.6% |
| Amounts payable | 17/49 | €55,277 | €28,404 | -€26,873 | -48.6% |
| Amounts payable within one year | 42/48 | €55,277 | €28,404 | -€26,873 | -48.6% |
| Financial debts | 43 | €29 | - | -€29 | |
| Credit institutions | 430/8 | €29 | - | -€29 | |
| Trade debts | 44 | €30,537 | €17,466 | -€13,070 | -42.8% |
| Suppliers | 440/4 | €30,537 | €17,466 | -€13,070 | -42.8% |
| Taxes, remuneration and social security | 45 | €22,851 | €10,938 | -€11,914 | -52.1% |
| Taxes | 450/3 | €22,851 | €10,938 | -€11,914 | -52.1% |
| Other amounts payable | 47/48 | €1,860 | - | -€1,860 | |
| Non-recurring operating income | 76A | - | €276 | +€276 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,476 | €1,038 | -€438 | -29.7% |
| Gross operating margin | 9900 | €56,987 | €35,053 | -€21,935 | -38.5% |
| Operating profit (loss) | 9901 | €55,512 | €34,015 | -€21,497 | -38.7% |
| Financial income | 75/76B | €7 | €94 | +€86 | +1,199% |
| Recurring financial income | 75 | €7 | €94 | +€86 | +1,199% |
| Financial charges | 65/66B | €1,458 | €15,611 | +€14,154 | +971% |
| Recurring financial charges | 65 | €1,458 | €15,611 | +€14,154 | +971% |
| Profit (loss) for the period before taxes | 9903 | €54,061 | €18,497 | -€35,564 | -65.8% |
| Income taxes | 67/77 | €16,705 | €6,606 | -€10,099 | -60.5% |
| Profit (loss) for the period | 9904 | €37,356 | €11,891 | -€25,464 | -68.2% |
| Profit (loss) for the period to be appropriated | 9905 | €37,356 | €11,891 | -€25,464 | -68.2% |
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 19 October 2026 via checked.be.