ANKRI: 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.
What changed
ANKRI
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€106,304
2024 · €321,452-€215,148
Equity
€3.6m
2024 · €3.5m+€106,304
Cash
€99,293
2024 · €179,451-€80,158
Balance sheet total
€19.3m
2024 · €19.8m-€434,014
Largest movements
Assets
- Tangible fixed assets -€331,934
down €331,934 (-3.6%), from €9.1m to €8.8m
Equity and liabilities
- Debts after one year -€471,849
down €471,849 (-7.3%), from €6.5m to €6.0m
- Short-term financial debts -€400,000
down €400,000 (-100%), from €400,000 to €0
- Trade debts +€246,902
up €246,902 (+5,284%), from €4,673 to €251,575
Income statement
- Gross operating margin -€279,340
down €279,340 (-29.8%), from €936,597 to €657,257
- Financial charges -€70,341
down €70,341 (-15.9%), from €443,040 to €372,699
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.
Result 2024
€321,452
Gross operating margin
-€279,340
Other operating charges
-€3,109
Financial income
-€3,040
Financial charges
+€70,341
Result 2025
€106,304
raises the resultlowers the result
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.
From operations
+€752,298
Investment
€0
Financing
-€832,456
Cash 2024
€179,451
From operations (derived)
+€752,298
Net result for the year
+€106,304
Depreciation
+€331,934
Receivables within one year
+€21,922
Provisions
-€6,874
Trade debts
+€246,902
Tax, wage and social debts
+€7,252
Other debts
-€66,511
Accrued charges and deferred income
+€111,369
Financing
-€832,456
Debts after one year
-€471,849
Current portion of long-term debt
+€39,393
Short-term financial debts
-€400,000
Cash 2025
€99,293
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,778,842 | €19,344,828 | -€434,014 | -2.2% |
| Fixed assets | 21/28 | €19,236,138 | €18,904,204 | -€331,934 | -1.7% |
| Tangible fixed assets | 22/27 | €9,131,062 | €8,799,128 | -€331,934 | -3.6% |
| Land and buildings | 22 | €9,131,062 | €8,799,128 | -€331,934 | -3.6% |
| Financial fixed assets | 28 | €10,105,077 | €10,105,077 | = | 0.0% |
| Current assets | 29/58 | €542,704 | €440,624 | -€102,080 | -18.8% |
| Amounts receivable within one year | 40/41 | €363,253 | €341,331 | -€21,922 | -6.0% |
| Trade receivables | 40 | €36,501 | €100,660 | +€64,158 | +176% |
| Other amounts receivable | 41 | €326,751 | €240,671 | -€86,080 | -26.3% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €179,451 | €99,293 | -€80,158 | -44.7% |
| Total equity and liabilities | 10/49 | €19,778,842 | €19,344,828 | -€434,014 | -2.2% |
| Equity | 10/15 | €3,484,696 | €3,590,999 | +€106,304 | +3.1% |
| Contributions | 10/11 | €865,200 | €865,200 | = | 0.0% |
| Capital | 10 | €865,200 | €865,200 | = | 0.0% |
| Issued capital | 100 | €865,200 | €865,200 | = | 0.0% |
| Reserves | 13 | €2,617,334 | €2,721,713 | +€104,379 | +4.0% |
| Non-distributable reserves | 130/1 | €100,000 | €100,000 | = | 0.0% |
| Legal reserve | 130 | €100,000 | €100,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €597,334 | €576,713 | -€20,621 | -3.5% |
| Distributable reserves | 133 | €1,920,000 | €2,045,000 | +€125,000 | +6.5% |
| Profit (loss) carried forward | 14 | €2,161 | €4,087 | +€1,925 | +89.1% |
| Provisions and deferred taxes | 16 | €199,111 | €192,238 | -€6,874 | -3.5% |
| Deferred taxes | 168 | €199,111 | €192,238 | -€6,874 | -3.5% |
| Amounts payable | 17/49 | €16,095,035 | €15,561,591 | -€533,444 | -3.3% |
| Amounts payable after more than one year | 17 | €6,491,884 | €6,020,035 | -€471,849 | -7.3% |
| Financial debts | 170/4 | €6,491,884 | €6,020,035 | -€471,849 | -7.3% |
| Amounts payable within one year | 42/48 | €9,555,699 | €9,382,736 | -€172,964 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €420,455 | €459,848 | +€39,393 | +9.4% |
| Financial debts | 43 | €400,000 | €0 | -€400,000 | -100% |
| Credit institutions | 430/8 | €400,000 | €0 | -€400,000 | -100% |
| Trade debts | 44 | €4,673 | €251,575 | +€246,902 | +5,284% |
| Suppliers | 440/4 | €4,673 | €251,575 | +€246,902 | +5,284% |
| Taxes, remuneration and social security | 45 | €15,686 | €22,938 | +€7,252 | +46.2% |
| Taxes | 450/3 | €15,686 | €22,938 | +€7,252 | +46.2% |
| Other amounts payable | 47/48 | €8,714,886 | €8,648,375 | -€66,511 | -0.8% |
| Accrued charges and deferred income | 492/3 | €47,451 | €158,820 | +€111,369 | +235% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €331,934 | €331,934 | = | 0.0% |
| Other operating charges | 640/8 | €2,452 | €5,561 | +€3,109 | +127% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €936,597 | €657,257 | -€279,340 | -29.8% |
| Operating profit (loss) | 9901 | €602,211 | €319,763 | -€282,449 | -46.9% |
| Financial income | 75/76B | €155,407 | €152,367 | -€3,040 | -2.0% |
| Recurring financial income | 75 | €155,407 | €152,367 | -€3,040 | -2.0% |
| Financial charges | 65/66B | €443,040 | €372,699 | -€70,341 | -15.9% |
| Recurring financial charges | 65 | €443,040 | €372,699 | -€70,341 | -15.9% |
| Profit (loss) for the period before taxes | 9903 | €314,578 | €99,430 | -€215,148 | -68.4% |
| Transfer from deferred taxes | 780 | €6,874 | €6,874 | = | 0.0% |
| Profit (loss) for the period | 9904 | €321,452 | €106,304 | -€215,148 | -66.9% |
| Transfer from tax-exempt reserves | 789 | €20,621 | €20,621 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €342,073 | €126,925 | -€215,148 | -62.9% |
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 14 October 2026 via checked.be.