ANKO: 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.
ANKO
Largest movements
- Cash +€62,448
up €62,448 (+14.0%), from €446,120 to €508,568
mainly Net result for the year (+€59,303) and Current investments (+€18,979)
- Current investments -€18,979
down €18,979 (-14.9%), from €127,391 to €108,412
- Reserves +€59,303
up €59,303 (+11.7%), from €508,167 to €567,471
of which Non-distributable reserves: +€59,000
- Other debts -€20,089
down €20,089 (-28.5%), from €70,514 to €50,425
- Tax, wage and social debts +€6,747
up €6,747 (+135%), from €5,007 to €11,755
- Gross operating margin +€45,763
up €45,763 (+158%), from €29,001 to €74,764
- Taxes +€14,046
up €14,046 (+143%), from €9,806 to €23,852
- Financial income +€9,004
up €9,004 (+102%), from €8,821 to €17,825
- Other operating charges +€3,557
up €3,557 (+107%), from €3,310 to €6,868
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 | €583,789 | €629,931 | +€46,142 | +7.9% |
| Fixed assets | 21/28 | €4,926 | €4,503 | -€423 | -8.6% |
| Tangible fixed assets | 22/27 | €4,926 | €4,503 | -€423 | -8.6% |
| Plant, machinery and equipment | 23 | €4,926 | €4,503 | -€423 | -8.6% |
| Current assets | 29/58 | €578,863 | €625,428 | +€46,565 | +8.0% |
| Amounts receivable within one year | 40/41 | €2,533 | €5,475 | +€2,942 | +116% |
| Trade receivables | 40 | €2,533 | €5,475 | +€2,942 | +116% |
| Current investments | 50/53 | €127,391 | €108,412 | -€18,979 | -14.9% |
| Cash at bank and in hand | 54/58 | €446,120 | €508,568 | +€62,448 | +14.0% |
| Deferred charges and accrued income | 490/1 | €2,819 | €2,973 | +€154 | +5.5% |
| Total equity and liabilities | 10/49 | €583,789 | €629,931 | +€46,142 | +7.9% |
| Equity | 10/15 | €508,267 | €567,571 | +€59,303 | +11.7% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €508,167 | €567,471 | +€59,303 | +11.7% |
| Non-distributable reserves | 130/1 | €121,000 | €180,000 | +€59,000 | +48.8% |
| Other | 1319 | €121,000 | €180,000 | +€59,000 | +48.8% |
| Distributable reserves | 133 | €387,167 | €387,471 | +€303 | +0.1% |
| Amounts payable | 17/49 | €75,522 | €62,360 | -€13,161 | -17.4% |
| Amounts payable within one year | 42/48 | €75,522 | €62,180 | -€13,342 | -17.7% |
| Taxes, remuneration and social security | 45 | €5,007 | €11,755 | +€6,747 | +135% |
| Taxes | 450/3 | €5,007 | €11,755 | +€6,747 | +135% |
| Other amounts payable | 47/48 | €70,514 | €50,425 | -€20,089 | -28.5% |
| Accrued charges and deferred income | 492/3 | - | €181 | +€181 | |
| Non-recurring operating income | 76A | - | €10,409 | +€10,409 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,439 | €2,479 | +€40 | +1.6% |
| Other operating charges | 640/8 | €3,310 | €6,868 | +€3,557 | +107% |
| Gross operating margin | 9900 | €29,001 | €74,764 | +€45,763 | +158% |
| Operating profit (loss) | 9901 | €23,252 | €65,417 | +€42,165 | +181% |
| Financial income | 75/76B | €8,821 | €17,825 | +€9,004 | +102% |
| Recurring financial income | 75 | €8,821 | €17,825 | +€9,004 | +102% |
| Financial charges | 65/66B | €76 | €87 | +€10 | +13.4% |
| Recurring financial charges | 65 | €76 | €87 | +€10 | +13.4% |
| Profit (loss) for the period before taxes | 9903 | €31,997 | €83,155 | +€51,158 | +160% |
| Income taxes | 67/77 | €9,806 | €23,852 | +€14,046 | +143% |
| Profit (loss) for the period | 9904 | €22,191 | €59,303 | +€37,112 | +167% |
| Profit (loss) for the period to be appropriated | 9905 | €22,191 | €59,303 | +€37,112 | +167% |
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 13 October 2026 via checked.be.