ANKRIMO: 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
ANKRIMO
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
€116,024
2024 · -€162,743+€278,767
Equity
€2.7m
2024 · €2.5m+€116,024
Cash
€106,086
2024 · €288,600-€182,514
Balance sheet total
€12.4m
2024 · €12.8m-€338,850
Largest movements
Assets
- Tangible fixed assets -€218,286
down €218,286 (-1.8%), from €12.2m to €12.0m
of which Land and buildings: -€219,695
- Cash -€182,514
down €182,514 (-63.2%), from €288,600 to €106,086
mainly Investment in fixed assets (net) (-€321,453) and Debts after one year (-€181,523)
Equity and liabilities
- Debts after one year -€181,523
down €181,523 (-3.4%), from €5.3m to €5.1m
of which Financial debts: -€181,523
Income statement
- Gross operating margin +€192,616
up €192,616 (+28.2%), from €682,953 to €875,569
- Depreciation -€75,681
down €75,681 (-12.3%), from €615,421 to €539,739
- Financial charges -€70,810
down €70,810 (-26.4%), from €268,012 to €197,202
- Financial income -€43,301
down €43,301 (-76.7%), from €56,445 to €13,144
- Taxes +€17,397
up €17,397, from €0 to €17,397
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
-€162,743
Gross operating margin
+€192,616
Staff costs
-€484
Depreciation
+€75,681
Other operating charges
+€123
Financial income
-€43,301
Financial charges
+€70,810
Taxes
-€17,397
Deferred taxes and other
+€719
Result 2025
€116,024
raises the resultlowers the resultnot broken down further in the accounts
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
+€372,672
Investment
-€321,453
Financing
-€233,732
Cash 2024
€288,600
From operations (derived)
+€372,672
Net result for the year
+€116,024
Depreciation
+€539,739
Receivables within one year
-€62,809
Deferred charges and accrued income
+€859
Provisions
-€19,313
Trade debts
-€84,395
Tax, wage and social debts
+€15,855
Other debts
-€58,321
Accrued charges and deferred income
-€74,967
Investment (derived)
-€321,453
Investment in fixed assets (net)
-€321,453
Financing
-€233,732
Debts after one year
-€181,523
Current portion of long-term debt
-€52,209
Cash 2025
€106,086
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,755,376 | €12,416,526 | -€338,850 | -2.7% |
| Fixed assets | 21/28 | €12,216,315 | €11,998,029 | -€218,286 | -1.8% |
| Tangible fixed assets | 22/27 | €12,216,315 | €11,998,029 | -€218,286 | -1.8% |
| Land and buildings | 22 | €12,216,315 | €11,996,620 | -€219,695 | -1.8% |
| Furniture and vehicles | 24 | - | €1,409 | +€1,409 | |
| Current assets | 29/58 | €539,060 | €418,497 | -€120,563 | -22.4% |
| Amounts receivable within one year | 40/41 | €249,602 | €312,411 | +€62,809 | +25.2% |
| Trade receivables | 40 | - | €4,850 | +€4,850 | |
| Other amounts receivable | 41 | €249,602 | €307,561 | +€57,959 | +23.2% |
| Cash at bank and in hand | 54/58 | €288,600 | €106,086 | -€182,514 | -63.2% |
| Deferred charges and accrued income | 490/1 | €859 | €0 | -€859 | -100% |
| Total equity and liabilities | 10/49 | €12,755,376 | €12,416,526 | -€338,850 | -2.7% |
| Equity | 10/15 | €2,547,567 | €2,663,591 | +€116,024 | +4.6% |
| Contributions | 10/11 | €1,767,168 | €1,767,168 | = | 0.0% |
| Reserves | 13 | €780,399 | €896,423 | +€116,024 | +14.9% |
| Tax-exempt reserves | 132 | €422,939 | €365,000 | -€57,939 | -13.7% |
| Distributable reserves | 133 | €357,460 | €531,423 | +€173,963 | +48.7% |
| Provisions and deferred taxes | 16 | €139,245 | €119,932 | -€19,313 | -13.9% |
| Deferred taxes | 168 | €139,245 | €119,932 | -€19,313 | -13.9% |
| Amounts payable | 17/49 | €10,068,563 | €9,633,003 | -€435,561 | -4.3% |
| Amounts payable after more than one year | 17 | €5,264,508 | €5,082,985 | -€181,523 | -3.4% |
| Financial debts | 170/4 | €5,264,263 | €5,082,740 | -€181,523 | -3.4% |
| Other amounts payable | 178/9 | €245 | €245 | = | 0.0% |
| Amounts payable within one year | 42/48 | €4,564,158 | €4,385,087 | -€179,071 | -3.9% |
| Current portion of amounts payable after more than one year | 42 | €348,502 | €296,293 | -€52,209 | -15.0% |
| Trade debts | 44 | €93,571 | €9,176 | -€84,395 | -90.2% |
| Suppliers | 440/4 | €93,571 | €9,176 | -€84,395 | -90.2% |
| Taxes, remuneration and social security | 45 | €2,850 | €18,705 | +€15,855 | +556% |
| Taxes | 450/3 | €2,850 | €18,705 | +€15,855 | +556% |
| Other amounts payable | 47/48 | €4,119,235 | €4,060,914 | -€58,321 | -1.4% |
| Accrued charges and deferred income | 492/3 | €239,897 | €164,930 | -€74,967 | -31.2% |
| Non-recurring operating income | 76A | €562,820 | €527,509 | -€35,312 | -6.3% |
| Remuneration, social security and pensions | 62 | €15,756 | €16,240 | +€484 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €615,421 | €539,739 | -€75,681 | -12.3% |
| Other operating charges | 640/8 | €21,547 | €21,424 | -€123 | -0.6% |
| Gross operating margin | 9900 | €682,953 | €875,569 | +€192,616 | +28.2% |
| Operating profit (loss) | 9901 | €30,229 | €298,166 | +€267,936 | +886% |
| Financial income | 75/76B | €56,445 | €13,144 | -€43,301 | -76.7% |
| Recurring financial income | 75 | €56,445 | €13,144 | -€43,301 | -76.7% |
| Financial charges | 65/66B | €268,012 | €197,202 | -€70,810 | -26.4% |
| Recurring financial charges | 65 | €268,012 | €197,202 | -€70,810 | -26.4% |
| Profit (loss) for the period before taxes | 9903 | -€181,337 | €114,108 | +€295,445 | |
| Transfer from deferred taxes | 780 | €18,594 | €19,313 | +€719 | +3.9% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €0 | €17,397 | +€17,397 | |
| Profit (loss) for the period | 9904 | -€162,743 | €116,024 | +€278,767 | |
| Transfer from tax-exempt reserves | 789 | €55,781 | €57,939 | +€2,158 | +3.9% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€106,962 | €173,963 | +€280,925 |
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 23 October 2026 via checked.be.