ANPACO: 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.
ANPACO
Largest movements
- Cash -€12,269
down €12,269 (-6.0%), from €203,654 to €191,385
mainly Investment in fixed assets (net) (-€23,170) and Other debts (-€8,041)
- Receivables within one year +€6,704
up €6,704 (+583.4%), from €1,149 to €7,854
- Other debts -€8,041
down €8,041 (-4.0%), from €202,427 to €194,386
- Gross operating margin -€13,255
down €13,255 (-30.1%), from €43,980 to €30,725
- Financial charges -€12,147
down €12,147 (-98.3%), from €12,356 to €209
- Depreciation +€10,095
up €10,095 (+74.3%), from €13,583 to €23,678
- Taxes -€4,092
down €4,092 (-55.9%), from €7,322 to €3,230
- Other operating charges +€771
up €771 (+41.7%), from €1,848 to €2,619
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 | €561,655 | €556,796 | -€4,860 | -0.9% |
| Fixed assets | 21/28 | €99,607 | €99,099 | -€508 | -0.5% |
| Tangible fixed assets | 22/27 | €99,012 | €98,504 | -€508 | -0.5% |
| Land and buildings | 22 | €43,394 | €52,200 | +€8,805 | +20.3% |
| Plant, machinery and equipment | 23 | €3,071 | €3,628 | +€558 | +18.2% |
| Furniture and vehicles | 24 | €52,264 | €40,471 | -€11,793 | -22.6% |
| Other tangible fixed assets | 26 | €282 | €2,205 | +€1,923 | +681.2% |
| Financial fixed assets | 28 | €595 | €595 | = | 0.0% |
| Current assets | 29/58 | €462,049 | €457,697 | -€4,352 | -0.9% |
| Amounts receivable within one year | 40/41 | €1,149 | €7,854 | +€6,704 | +583.4% |
| Other amounts receivable | 41 | €1,149 | €7,854 | +€6,704 | +583.4% |
| Current investments | 50/53 | €254,665 | €255,342 | +€677 | +0.3% |
| Cash at bank and in hand | 54/58 | €203,654 | €191,385 | -€12,269 | -6.0% |
| Deferred charges and accrued income | 490/1 | €2,580 | €3,116 | +€536 | +20.8% |
| Total equity and liabilities | 10/49 | €561,655 | €556,796 | -€4,860 | -0.9% |
| Equity | 10/15 | €355,733 | €357,977 | +€2,244 | +0.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €183,238 | €185,482 | +€2,244 | +1.2% |
| Tax-exempt reserves | 132 | €1,469 | €1,469 | = | 0.0% |
| Distributable reserves | 133 | €181,770 | €184,013 | +€2,244 | +1.2% |
| Profit (loss) carried forward | 14 | €153,895 | €153,895 | = | 0.0% |
| Amounts payable | 17/49 | €205,922 | €198,819 | -€7,103 | -3.4% |
| Amounts payable after more than one year | 17 | - | €775 | +€775 | |
| Other amounts payable | 178/9 | - | €775 | +€775 | |
| Amounts payable within one year | 42/48 | €205,922 | €198,044 | -€7,878 | -3.8% |
| Trade debts | 44 | €121 | €284 | +€163 | +134.7% |
| Suppliers | 440/4 | €121 | €284 | +€163 | +134.7% |
| Taxes, remuneration and social security | 45 | €3,374 | €3,374 | = | 0.0% |
| Taxes | 450/3 | €3,374 | €3,374 | = | 0.0% |
| Other amounts payable | 47/48 | €202,427 | €194,386 | -€8,041 | -4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,583 | €23,678 | +€10,095 | +74.3% |
| Other operating charges | 640/8 | €1,848 | €2,619 | +€771 | +41.7% |
| Gross operating margin | 9900 | €43,980 | €30,725 | -€13,255 | -30.1% |
| Operating profit (loss) | 9901 | €28,549 | €4,428 | -€24,120 | -84.5% |
| Financial income | 75/76B | €1,579 | €1,254 | -€325 | -20.6% |
| Recurring financial income | 75 | €1,579 | €1,254 | -€325 | -20.6% |
| Financial charges | 65/66B | €12,356 | €209 | -€12,147 | -98.3% |
| Recurring financial charges | 65 | €12,356 | €209 | -€12,147 | -98.3% |
| Profit (loss) for the period before taxes | 9903 | €17,772 | €5,474 | -€12,298 | -69.2% |
| Income taxes | 67/77 | €7,322 | €3,230 | -€4,092 | -55.9% |
| Profit (loss) for the period | 9904 | €10,449 | €2,244 | -€8,206 | -78.5% |
| Profit (loss) for the period to be appropriated | 9905 | €10,449 | €2,244 | -€8,206 | -78.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.