ANKOFAR: 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.
ANKOFAR
Largest movements
- Cash +€27,339
up €27,339 (+211.7%), from €12,915 to €40,254
mainly Net result for the year (+€59,690) and Receivables within one year (+€15,323)
- Receivables within one year -€15,323
down €15,323 (-31.3%), from €48,940 to €33,617
- Reserves +€59,690
up €59,690 (+19.1%), from €312,688 to €372,378
- Debts after one year -€33,363
down €33,363 (-41.9%), from €79,707 to €46,343
- Other debts -€22,560
down €22,560 (-97.0%), from €23,255 to €696
- Tax, wage and social debts +€6,640
new in 2025: €6,640
- Gross operating margin +€39,306
up €39,306 (+77.1%), from €50,996 to €90,302
- Taxes +€13,192
up €13,192 (+85.4%), from €15,448 to €28,640
- Financial charges -€1,105
down €1,105 (-23.8%), from €4,649 to €3,544
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 | €473,082 | €485,017 | +€11,935 | +2.5% |
| Fixed assets | 21/28 | €411,227 | €411,145 | -€82 | 0.0% |
| Tangible fixed assets | 22/27 | €2,024 | €1,942 | -€82 | -4.0% |
| Land and buildings | 22 | €2,024 | €1,942 | -€82 | -4.0% |
| Financial fixed assets | 28 | €409,203 | €409,203 | = | 0.0% |
| Current assets | 29/58 | €61,855 | €73,872 | +€12,017 | +19.4% |
| Amounts receivable within one year | 40/41 | €48,940 | €33,617 | -€15,323 | -31.3% |
| Other amounts receivable | 41 | €48,940 | €33,617 | -€15,323 | -31.3% |
| Cash at bank and in hand | 54/58 | €12,915 | €40,254 | +€27,339 | +211.7% |
| Total equity and liabilities | 10/49 | €473,082 | €485,017 | +€11,935 | +2.5% |
| Equity | 10/15 | €334,440 | €394,130 | +€59,690 | +17.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €312,688 | €372,378 | +€59,690 | +19.1% |
| Distributable reserves | 133 | €312,688 | €372,378 | +€59,690 | +19.1% |
| Profit (loss) carried forward | 14 | €15,552 | €15,552 | = | 0.0% |
| Amounts payable | 17/49 | €138,642 | €90,887 | -€47,755 | -34.4% |
| Amounts payable after more than one year | 17 | €79,707 | €46,343 | -€33,363 | -41.9% |
| Financial debts | 170/4 | €79,707 | €46,343 | -€33,363 | -41.9% |
| Amounts payable within one year | 42/48 | €56,801 | €43,381 | -€13,420 | -23.6% |
| Current portion of amounts payable after more than one year | 42 | €32,214 | €33,363 | +€1,149 | +3.6% |
| Trade debts | 44 | €1,332 | €2,682 | +€1,351 | +101.4% |
| Suppliers | 440/4 | €1,332 | €2,682 | +€1,351 | +101.4% |
| Taxes, remuneration and social security | 45 | - | €6,640 | +€6,640 | |
| Taxes | 450/3 | - | €6,640 | +€6,640 | |
| Other amounts payable | 47/48 | €23,255 | €696 | -€22,560 | -97.0% |
| Accrued charges and deferred income | 492/3 | €2,135 | €1,163 | -€972 | -45.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82 | €82 | = | 0.0% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €50,996 | €90,302 | +€39,306 | +77.1% |
| Operating profit (loss) | 9901 | €50,529 | €89,833 | +€39,303 | +77.8% |
| Financial income | 75/76B | €1,831 | €2,041 | +€210 | +11.4% |
| Recurring financial income | 75 | €1,831 | €2,041 | +€210 | +11.4% |
| Financial charges | 65/66B | €4,649 | €3,544 | -€1,105 | -23.8% |
| Recurring financial charges | 65 | €4,649 | €3,544 | -€1,105 | -23.8% |
| Profit (loss) for the period before taxes | 9903 | €47,711 | €88,330 | +€40,619 | +85.1% |
| Income taxes | 67/77 | €15,448 | €28,640 | +€13,192 | +85.4% |
| Profit (loss) for the period | 9904 | €32,264 | €59,690 | +€27,426 | +85.0% |
| Profit (loss) for the period to be appropriated | 9905 | €32,264 | €59,690 | +€27,426 | +85.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.