ANKOROLA: 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.
ANKOROLA
Largest movements
- Receivables after one year +€66,487
up €66,487 (+18.1%), from €367,632 to €434,119
- Current investments -€19,508
no longer reported in 2025 (was €19,508)
- Cash +€15,841
new in 2025: €15,841
mainly Net result for the year (+€39,661) and Debts after one year (+€38,495)
- Receivables within one year +€12,778
up €12,778 (+76.4%), from €16,734 to €29,511
of which Trade receivables: +€12,778
- Profit (loss) carried forward +€39,661
up €39,661 (+18.4%), from €215,729 to €255,390
- Debts after one year +€38,495
up €38,495 (+1,423%), from €2,705 to €41,200
- Tax, wage and social debts -€14,248
down €14,248 (-38.2%), from €37,311 to €23,063
- Current portion of long-term debt +€12,483
up €12,483 (+442%), from €2,822 to €15,305
- Taxes +€34,885
up €34,885 (+1,622,547%), from €2 to €34,887
- Gross operating margin +€34,349
up €34,349 (+66.9%), from €51,335 to €85,684
- Financial charges +€3,268
up €3,268 (+187%), from €1,749 to €5,017
- Other operating charges +€3,126
up €3,126 (+122%), from €2,561 to €5,687
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 | €411,708 | €486,944 | +€75,236 | +18.3% |
| Fixed assets | 21/28 | €7,834 | €7,396 | -€438 | -5.6% |
| Tangible fixed assets | 22/27 | €7,834 | €7,396 | -€438 | -5.6% |
| Land and buildings | 22 | €7,834 | €7,396 | -€438 | -5.6% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Current assets | 29/58 | €403,874 | €479,548 | +€75,674 | +18.7% |
| Amounts receivable after more than one year | 29 | €367,632 | €434,119 | +€66,487 | +18.1% |
| Other amounts receivable | 291 | €367,632 | €434,119 | +€66,487 | +18.1% |
| Amounts receivable within one year | 40/41 | €16,734 | €29,511 | +€12,778 | +76.4% |
| Trade receivables | 40 | €16,715 | €29,493 | +€12,778 | +76.4% |
| Other amounts receivable | 41 | €19 | €19 | = | 0.0% |
| Current investments | 50/53 | €19,508 | - | -€19,508 | |
| Cash at bank and in hand | 54/58 | - | €15,841 | +€15,841 | |
| Deferred charges and accrued income | 490/1 | - | €77 | +€77 | |
| Total equity and liabilities | 10/49 | €411,708 | €486,944 | +€75,236 | +18.3% |
| Equity | 10/15 | €303,987 | €343,647 | +€39,661 | +13.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €69,657 | €69,657 | = | 0.0% |
| Tax-exempt reserves | 132 | €69,657 | €69,657 | = | 0.0% |
| Profit (loss) carried forward | 14 | €215,729 | €255,390 | +€39,661 | +18.4% |
| Provisions and deferred taxes | 16 | €29,260 | €29,260 | = | 0.0% |
| Deferred taxes | 168 | €29,260 | €29,260 | = | 0.0% |
| Amounts payable | 17/49 | €78,462 | €114,037 | +€35,575 | +45.3% |
| Amounts payable after more than one year | 17 | €2,705 | €41,200 | +€38,495 | +1,423% |
| Financial debts | 170/4 | €2,705 | €41,200 | +€38,495 | +1,423% |
| Amounts payable within one year | 42/48 | €75,757 | €72,837 | -€2,920 | -3.9% |
| Current portion of amounts payable after more than one year | 42 | €2,822 | €15,305 | +€12,483 | +442% |
| Trade debts | 44 | €22,266 | €21,112 | -€1,155 | -5.2% |
| Suppliers | 440/4 | €22,266 | €21,112 | -€1,155 | -5.2% |
| Advances received on contracts in progress | 46 | €13,358 | €13,358 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €37,311 | €23,063 | -€14,248 | -38.2% |
| Taxes | 450/3 | €37,311 | €23,063 | -€14,248 | -38.2% |
| Non-recurring operating income | 76A | €1,194 | - | -€1,194 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €625 | €438 | -€187 | -29.9% |
| Other operating charges | 640/8 | €2,561 | €5,687 | +€3,126 | +122% |
| Gross operating margin | 9900 | €51,335 | €85,684 | +€34,349 | +66.9% |
| Operating profit (loss) | 9901 | €48,148 | €79,558 | +€31,410 | +65.2% |
| Financial income | 75/76B | €174 | €7 | -€167 | -95.9% |
| Recurring financial income | 75 | €174 | €7 | -€167 | -95.9% |
| Financial charges | 65/66B | €1,749 | €5,017 | +€3,268 | +187% |
| Recurring financial charges | 65 | €1,749 | €5,017 | +€3,268 | +187% |
| Profit (loss) for the period before taxes | 9903 | €46,573 | €74,548 | +€27,975 | +60.1% |
| Income taxes | 67/77 | €2 | €34,887 | +€34,885 | +1,622,547% |
| Profit (loss) for the period | 9904 | €46,571 | €39,661 | -€6,910 | -14.8% |
| Profit (loss) for the period to be appropriated | 9905 | €46,571 | €39,661 | -€6,910 | -14.8% |
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 19 October 2026 via checked.be.