ANKE INVEST: 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 INVEST
Largest movements
- Current investments +€194,521
up €194,521 (+3,202%), from €6,075 to €200,596
- Tangible fixed assets -€85,590
down €85,590 (-13.2%), from €646,622 to €561,033
of which Land and buildings: -€120,355
- Cash +€19,639
up €19,639 (+247%), from €7,938 to €27,577
mainly Net result for the year (+€98,789) and Trade debts (+€51,849)
- Reserves +€98,789
up €98,789 (+67.5%), from €146,438 to €245,227
of which Distributable reserves: +€98,789
- Trade debts +€51,849
up €51,849 (+703%), from €7,372 to €59,221
- Debts after one year -€26,879
down €26,879 (-8.8%), from €304,645 to €277,766
- Tax, wage and social debts -€21,625
down €21,625 (-84.4%), from €25,607 to €3,982
- Accrued charges and deferred income +€13,495
up €13,495 (+155%), from €8,679 to €22,174
- Financial income +€185,490
up €185,490 (+421,280%), from €44 to €185,534
of which Non-recurring financial income: +€185,493
- Gross operating margin -€37,981
down €37,981 (-80.3%), from €47,282 to €9,301
- Taxes +€32,225
new in 2025: €32,225
- Financial charges +€13,987
up €13,987 (+222%), from €6,309 to €20,296
- Depreciation +€7,684
up €7,684 (+23.7%), from €32,408 to €40,092
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 | €716,886 | €849,205 | +€132,318 | +18.5% |
| Fixed assets | 21/28 | €682,256 | €596,666 | -€85,590 | -12.5% |
| Tangible fixed assets | 22/27 | €646,622 | €561,033 | -€85,590 | -13.2% |
| Land and buildings | 22 | €646,622 | €526,267 | -€120,355 | -18.6% |
| Plant, machinery and equipment | 23 | - | €34,765 | +€34,765 | |
| Financial fixed assets | 28 | €35,633 | €35,633 | = | 0.0% |
| Current assets | 29/58 | €34,630 | €252,539 | +€217,908 | +629% |
| Amounts receivable within one year | 40/41 | €13,706 | €18,624 | +€4,918 | +35.9% |
| Trade receivables | 40 | €13,310 | €15,079 | +€1,769 | +13.3% |
| Other amounts receivable | 41 | €396 | €3,545 | +€3,149 | +795% |
| Current investments | 50/53 | €6,075 | €200,596 | +€194,521 | +3,202% |
| Cash at bank and in hand | 54/58 | €7,938 | €27,577 | +€19,639 | +247% |
| Deferred charges and accrued income | 490/1 | €6,911 | €5,742 | -€1,170 | -16.9% |
| Total equity and liabilities | 10/49 | €716,886 | €849,205 | +€132,318 | +18.5% |
| Equity | 10/15 | €208,438 | €307,227 | +€98,789 | +47.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €146,438 | €245,227 | +€98,789 | +67.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €140,238 | €239,027 | +€98,789 | +70.4% |
| Amounts payable | 17/49 | €508,448 | €541,978 | +€33,530 | +6.6% |
| Amounts payable after more than one year | 17 | €304,645 | €277,766 | -€26,879 | -8.8% |
| Financial debts | 170/4 | €304,645 | €277,766 | -€26,879 | -8.8% |
| Amounts payable within one year | 42/48 | €195,124 | €242,037 | +€46,913 | +24.0% |
| Current portion of amounts payable after more than one year | 42 | €16,899 | €26,879 | +€9,980 | +59.1% |
| Trade debts | 44 | €7,372 | €59,221 | +€51,849 | +703% |
| Suppliers | 440/4 | €7,372 | €59,221 | +€51,849 | +703% |
| Taxes, remuneration and social security | 45 | €25,607 | €3,982 | -€21,625 | -84.4% |
| Taxes | 450/3 | €25,607 | €3,982 | -€21,625 | -84.4% |
| Other amounts payable | 47/48 | €145,246 | €151,956 | +€6,709 | +4.6% |
| Accrued charges and deferred income | 492/3 | €8,679 | €22,174 | +€13,495 | +155% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,408 | €40,092 | +€7,684 | +23.7% |
| Other operating charges | 640/8 | €3,439 | €3,434 | -€6 | -0.2% |
| Gross operating margin | 9900 | €47,282 | €9,301 | -€37,981 | -80.3% |
| Operating profit (loss) | 9901 | €11,435 | -€34,224 | -€45,659 | |
| Financial income | 75/76B | €44 | €185,534 | +€185,490 | +421,280% |
| Recurring financial income | 75 | €44 | €40 | -€4 | -8.1% |
| Non-recurring financial income | 76B | - | €185,493 | +€185,493 | |
| Financial charges | 65/66B | €6,309 | €20,296 | +€13,987 | +222% |
| Recurring financial charges | 65 | €6,309 | €20,296 | +€13,987 | +222% |
| Profit (loss) for the period before taxes | 9903 | €5,170 | €131,014 | +€125,844 | +2,434% |
| Income taxes | 67/77 | - | €32,225 | +€32,225 | |
| Profit (loss) for the period | 9904 | €5,170 | €98,789 | +€93,619 | +1,811% |
| Profit (loss) for the period to be appropriated | 9905 | €5,170 | €98,789 | +€93,619 | +1,811% |
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 15 October 2026 via checked.be.