ANKE: 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.
ANKE
Largest movements
- Receivables after one year +€220,000
new in 2025: €220,000
- Tangible fixed assets +€164,045
up €164,045 (+11.0%), from €1.5m to €1.7m
of which Plant, machinery and equipment: +€154,656
- Cash +€52,972
up €52,972 (+57.6%), from €91,969 to €144,941
mainly Net result for the year (+€360,567) and Depreciation (+€106,888)
- Receivables within one year -€52,671
down €52,671 (-9.4%), from €559,440 to €506,769
of which Trade receivables: -€63,924
- Reserves +€360,567
up €360,567 (+63.4%), from €568,774 to €929,341
- Trade debts +€74,675
up €74,675 (+6,408%), from €1,165 to €75,840
- Debts after one year -€62,715
down €62,715 (-6.7%), from €932,217 to €869,502
- Tax, wage and social debts +€30,449
up €30,449 (+21.1%), from €144,415 to €174,864
- Gross operating margin -€159,787
down €159,787 (-19.2%), from €831,943 to €672,157
- Taxes +€23,755
up €23,755 (+17.0%), from €139,420 to €163,174
- Financial charges -€19,256
down €19,256 (-46.5%), from €41,379 to €22,124
- Depreciation +€12,450
up €12,450 (+13.2%), from €94,438 to €106,888
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 | €2,147,680 | €2,532,026 | +€384,346 | +17.9% |
| Fixed assets | 21/28 | €1,496,272 | €1,660,316 | +€164,045 | +11.0% |
| Tangible fixed assets | 22/27 | €1,496,272 | €1,660,316 | +€164,045 | +11.0% |
| Land and buildings | 22 | €1,297,948 | €1,307,556 | +€9,608 | +0.7% |
| Plant, machinery and equipment | 23 | €190,857 | €345,513 | +€154,656 | +81.0% |
| Furniture and vehicles | 24 | €7,467 | €7,247 | -€219 | -2.9% |
| Current assets | 29/58 | €651,408 | €871,710 | +€220,301 | +33.8% |
| Amounts receivable after more than one year | 29 | - | €220,000 | +€220,000 | |
| Other amounts receivable | 291 | - | €220,000 | +€220,000 | |
| Amounts receivable within one year | 40/41 | €559,440 | €506,769 | -€52,671 | -9.4% |
| Trade receivables | 40 | €65,258 | €1,334 | -€63,924 | -98.0% |
| Other amounts receivable | 41 | €494,181 | €505,435 | +€11,254 | +2.3% |
| Cash at bank and in hand | 54/58 | €91,969 | €144,941 | +€52,972 | +57.6% |
| Total equity and liabilities | 10/49 | €2,147,680 | €2,532,026 | +€384,346 | +17.9% |
| Equity | 10/15 | €959,974 | €1,320,541 | +€360,567 | +37.6% |
| Contributions | 10/11 | €391,200 | €391,200 | = | 0.0% |
| Reserves | 13 | €568,774 | €929,341 | +€360,567 | +63.4% |
| Distributable reserves | 133 | €568,774 | €929,341 | +€360,567 | +63.4% |
| Amounts payable | 17/49 | €1,187,706 | €1,211,485 | +€23,779 | +2.0% |
| Amounts payable after more than one year | 17 | €932,217 | €869,502 | -€62,715 | -6.7% |
| Financial debts | 170/4 | €932,217 | €869,502 | -€62,715 | -6.7% |
| Amounts payable within one year | 42/48 | €255,489 | €341,983 | +€86,494 | +33.9% |
| Current portion of amounts payable after more than one year | 42 | €109,909 | €91,279 | -€18,629 | -16.9% |
| Trade debts | 44 | €1,165 | €75,840 | +€74,675 | +6,408% |
| Suppliers | 440/4 | €1,165 | €75,840 | +€74,675 | +6,408% |
| Taxes, remuneration and social security | 45 | €144,415 | €174,864 | +€30,449 | +21.1% |
| Taxes | 450/3 | €144,415 | €174,864 | +€30,449 | +21.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,438 | €106,888 | +€12,450 | +13.2% |
| Other operating charges | 640/8 | €5,089 | €7,118 | +€2,028 | +39.9% |
| Non-recurring operating charges | 66A | - | €12,399 | +€12,399 | |
| Gross operating margin | 9900 | €831,943 | €672,157 | -€159,787 | -19.2% |
| Operating profit (loss) | 9901 | €732,417 | €545,753 | -€186,664 | -25.5% |
| Financial income | 75/76B | €0 | €112 | +€112 | +374,200% |
| Recurring financial income | 75 | €0 | €112 | +€112 | +374,200% |
| Financial charges | 65/66B | €41,379 | €22,124 | -€19,256 | -46.5% |
| Recurring financial charges | 65 | €41,379 | €22,124 | -€19,256 | -46.5% |
| Profit (loss) for the period before taxes | 9903 | €691,037 | €523,741 | -€167,296 | -24.2% |
| Income taxes | 67/77 | €139,420 | €163,174 | +€23,755 | +17.0% |
| Profit (loss) for the period | 9904 | €551,618 | €360,567 | -€191,051 | -34.6% |
| Profit (loss) for the period to be appropriated | 9905 | €551,618 | €360,567 | -€191,051 | -34.6% |
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 16 October 2026 via checked.be.