Anko: 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.
Anko
Largest movements
- Tangible fixed assets -€43,639
down €43,639 (-12.4%), from €350,618 to €306,979
- Stocks and contracts +€32,966
up €32,966 (+21.8%), from €151,129 to €184,095
of which Stocks: +€17,095
- Receivables within one year +€18,392
up €18,392 (+40.2%), from €45,718 to €64,110
of which Trade receivables: +€25,601
- Trade debts -€42,645
down €42,645 (-62.5%), from €68,194 to €25,548
- Reserves +€41,097
up €41,097 (+14.3%), from €287,841 to €328,937
of which Distributable reserves: +€41,097
- Gross operating margin +€6,277
up €6,277 (+5.3%), from €119,236 to €125,513
- Taxes +€4,834
up €4,834 (+26.5%), from €18,260 to €23,094
- Financial income +€2,049
up €2,049 (+83.9%), from €2,441 to €4,489
- Financial charges +€1,820
up €1,820 (+16.9%), from €10,771 to €12,591
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 | €682,757 | €695,380 | +€12,624 | +1.8% |
| Fixed assets | 21/28 | €351,679 | €307,540 | -€44,139 | -12.6% |
| Intangible fixed assets | 21 | €1,061 | €561 | -€500 | -47.1% |
| Tangible fixed assets | 22/27 | €350,618 | €306,979 | -€43,639 | -12.4% |
| Land and buildings | 22 | €280,295 | €259,456 | -€20,840 | -7.4% |
| Plant, machinery and equipment | 23 | €6,056 | €5,744 | -€312 | -5.1% |
| Furniture and vehicles | 24 | €62,267 | €40,556 | -€21,712 | -34.9% |
| Other tangible fixed assets | 26 | €2,000 | €1,224 | -€776 | -38.8% |
| Current assets | 29/58 | €331,077 | €387,840 | +€56,762 | +17.1% |
| Stocks and contracts in progress | 3 | €151,129 | €184,095 | +€32,966 | +21.8% |
| Stocks | 30/36 | €141,555 | €158,650 | +€17,095 | +12.1% |
| Contracts in progress | 37 | €9,574 | €25,445 | +€15,871 | +165.8% |
| Amounts receivable within one year | 40/41 | €45,718 | €64,110 | +€18,392 | +40.2% |
| Trade receivables | 40 | €22,543 | €48,145 | +€25,601 | +113.6% |
| Other amounts receivable | 41 | €23,175 | €15,965 | -€7,210 | -31.1% |
| Cash at bank and in hand | 54/58 | €125,538 | €130,739 | +€5,201 | +4.1% |
| Deferred charges and accrued income | 490/1 | €8,692 | €8,896 | +€204 | +2.3% |
| Total equity and liabilities | 10/49 | €682,757 | €695,380 | +€12,624 | +1.8% |
| Equity | 10/15 | €306,441 | €347,537 | +€41,097 | +13.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €287,841 | €328,937 | +€41,097 | +14.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €285,981 | €327,077 | +€41,097 | +14.4% |
| Amounts payable | 17/49 | €376,316 | €347,843 | -€28,473 | -7.6% |
| Amounts payable after more than one year | 17 | €184,193 | €188,751 | +€4,558 | +2.5% |
| Financial debts | 170/4 | €184,193 | €147,290 | -€36,903 | -20.0% |
| Other amounts payable | 178/9 | - | €41,461 | +€41,461 | |
| Amounts payable within one year | 42/48 | €192,123 | €159,092 | -€33,032 | -17.2% |
| Current portion of amounts payable after more than one year | 42 | €35,328 | €36,319 | +€991 | +2.8% |
| Trade debts | 44 | €68,194 | €25,548 | -€42,645 | -62.5% |
| Suppliers | 440/4 | €68,194 | €25,548 | -€42,645 | -62.5% |
| Advances received on contracts in progress | 46 | €605 | €605 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €11,667 | €15,425 | +€3,758 | +32.2% |
| Taxes | 450/3 | €5,962 | €9,377 | +€3,415 | +57.3% |
| Remuneration and social security | 454/9 | €5,705 | €6,047 | +€343 | +6.0% |
| Other amounts payable | 47/48 | €76,330 | €81,195 | +€4,865 | +6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,372 | €49,289 | +€917 | +1.9% |
| Other operating charges | 640/8 | €3,906 | €3,931 | +€24 | +0.6% |
| Gross operating margin | 9900 | €119,236 | €125,513 | +€6,277 | +5.3% |
| Operating profit (loss) | 9901 | €66,958 | €72,293 | +€5,335 | +8.0% |
| Financial income | 75/76B | €2,441 | €4,489 | +€2,049 | +83.9% |
| Recurring financial income | 75 | €2,441 | €4,489 | +€2,049 | +83.9% |
| Financial charges | 65/66B | €10,771 | €12,591 | +€1,820 | +16.9% |
| Recurring financial charges | 65 | €10,771 | €12,591 | +€1,820 | +16.9% |
| Profit (loss) for the period before taxes | 9903 | €58,628 | €64,191 | +€5,564 | +9.5% |
| Income taxes | 67/77 | €18,260 | €23,094 | +€4,834 | +26.5% |
| Profit (loss) for the period | 9904 | €40,367 | €41,097 | +€730 | +1.8% |
| Profit (loss) for the period to be appropriated | 9905 | €40,367 | €41,097 | +€730 | +1.8% |
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 29 September 2026 via checked.be.