ANKUR ESTATE: 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.
ANKUR ESTATE
Largest movements
- Stocks and contracts -€302,955
down €302,955 (-20.9%), from €1.5m to €1.1m
- Cash +€29,660
up €29,660 (+4,381%), from €677 to €30,337
mainly Stocks and contracts (+€302,955) and Net result for the year (+€161,172)
- Receivables within one year +€27,940
up €27,940 (+84.1%), from €33,223 to €61,164
of which Trade receivables: +€30,709
- Other debts -€392,066
down €392,066 (-28.0%), from €1.4m to €1.0m
- Profit (loss) carried forward +€161,172
up €161,172, from -€125,194 to €35,978
- Gross operating margin +€218,374
up €218,374, from -€12,361 to €206,012
- Financial charges -€2,219
down €2,219 (-32.6%), from €6,805 to €4,585
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 | €1,485,791 | €1,241,636 | -€244,155 | -16.4% |
| Current assets | 29/58 | €1,485,791 | €1,241,636 | -€244,155 | -16.4% |
| Stocks and contracts in progress | 3 | €1,451,209 | €1,148,254 | -€302,955 | -20.9% |
| Stocks | 30/36 | €1,451,209 | €1,148,254 | -€302,955 | -20.9% |
| Amounts receivable within one year | 40/41 | €33,223 | €61,164 | +€27,940 | +84.1% |
| Trade receivables | 40 | €26,234 | €56,944 | +€30,709 | +117% |
| Other amounts receivable | 41 | €6,989 | €4,220 | -€2,769 | -39.6% |
| Cash at bank and in hand | 54/58 | €677 | €30,337 | +€29,660 | +4,381% |
| Deferred charges and accrued income | 490/1 | €682 | €1,881 | +€1,200 | +176% |
| Total equity and liabilities | 10/49 | €1,485,791 | €1,241,636 | -€244,155 | -16.4% |
| Equity | 10/15 | -€67,306 | €93,866 | +€161,172 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €39,288 | €39,288 | = | 0.0% |
| Distributable reserves | 133 | €39,288 | €39,288 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€125,194 | €35,978 | +€161,172 | |
| Amounts payable | 17/49 | €1,553,098 | €1,147,770 | -€405,328 | -26.1% |
| Amounts payable after more than one year | 17 | €106,066 | €98,666 | -€7,400 | -7.0% |
| Financial debts | 170/4 | €106,066 | €98,666 | -€7,400 | -7.0% |
| Amounts payable within one year | 42/48 | €1,447,031 | €1,049,104 | -€397,928 | -27.5% |
| Current portion of amounts payable after more than one year | 42 | €7,400 | €7,400 | = | 0.0% |
| Trade debts | 44 | €30,187 | €27,200 | -€2,987 | -9.9% |
| Suppliers | 440/4 | €30,187 | €27,200 | -€2,987 | -9.9% |
| Taxes, remuneration and social security | 45 | €8,287 | €5,412 | -€2,875 | -34.7% |
| Taxes | 450/3 | - | €66 | +€66 | |
| Remuneration and social security | 454/9 | €8,287 | €5,346 | -€2,941 | -35.5% |
| Other amounts payable | 47/48 | €1,401,158 | €1,009,091 | -€392,066 | -28.0% |
| Remuneration, social security and pensions | 62 | €34,293 | €35,685 | +€1,391 | +4.1% |
| Other operating charges | 640/8 | €3,916 | €4,577 | +€661 | +16.9% |
| Gross operating margin | 9900 | -€12,361 | €206,012 | +€218,374 | |
| Operating profit (loss) | 9901 | -€50,571 | €165,751 | +€216,322 | |
| Financial income | 75/76B | €0 | €7 | +€7 | +13,280% |
| Recurring financial income | 75 | €0 | €7 | +€7 | +13,280% |
| Financial charges | 65/66B | €6,805 | €4,585 | -€2,219 | -32.6% |
| Recurring financial charges | 65 | €6,805 | €4,585 | -€2,219 | -32.6% |
| Profit (loss) for the period before taxes | 9903 | -€57,375 | €161,172 | +€218,547 | |
| Profit (loss) for the period | 9904 | -€57,375 | €161,172 | +€218,547 | |
| Profit (loss) for the period to be appropriated | 9905 | -€57,375 | €161,172 | +€218,547 |
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 27 October 2026 via checked.be.