ANQUETIL: 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.
ANQUETIL
Largest movements
- Cash -€178,031
down €178,031 (-95.8%), from €185,916 to €7,886
mainly Receivables within one year (-€76,672) and Other debts (-€70,122)
- Tangible fixed assets -€84,571
down €84,571 (-17.1%), from €493,731 to €409,160
of which Land and buildings: -€102,621
- Receivables within one year +€76,672
up €76,672 (+1105.3%), from €6,937 to €83,609
of which Trade receivables: +€62,367
- Other debts -€70,122
down €70,122 (-53.6%), from €130,773 to €60,651
- Debts after one year -€63,733
down €63,733 (-19.9%), from €319,464 to €255,731
- Profit (loss) carried forward -€46,472
down €46,472 (-93.0%), from €49,966 to €3,495
- Current portion of long-term debt -€10,147
down €10,147 (-24.4%), from €41,576 to €31,429
- Other operating charges +€17,709
up €17,709 (+903.6%), from €1,960 to €19,669
- Depreciation -€12,521
down €12,521 (-28.8%), from €43,450 to €30,929
- Gross operating margin -€7,482
down €7,482 (-31.4%), from €23,835 to €16,353
- Financial charges -€1,266
down €1,266 (-8.9%), from €14,171 to €12,906
- Financial income -€396
down €396 (-36.8%), from €1,075 to €679
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 | €686,584 | €500,654 | -€185,930 | -27.1% |
| Fixed assets | 21/28 | €493,731 | €409,160 | -€84,571 | -17.1% |
| Tangible fixed assets | 22/27 | €493,731 | €409,160 | -€84,571 | -17.1% |
| Land and buildings | 22 | €460,245 | €357,624 | -€102,621 | -22.3% |
| Plant, machinery and equipment | 23 | €33,056 | €51,536 | +€18,480 | +55.9% |
| Furniture and vehicles | 24 | €430 | - | -€430 | |
| Current assets | 29/58 | €192,853 | €91,494 | -€101,359 | -52.6% |
| Amounts receivable within one year | 40/41 | €6,937 | €83,609 | +€76,672 | +1105.3% |
| Trade receivables | 40 | €2,642 | €65,009 | +€62,367 | +2360.4% |
| Other amounts receivable | 41 | €4,295 | €18,599 | +€14,305 | +333.1% |
| Cash at bank and in hand | 54/58 | €185,916 | €7,886 | -€178,031 | -95.8% |
| Total equity and liabilities | 10/49 | €686,584 | €500,654 | -€185,930 | -27.1% |
| Equity | 10/15 | €194,771 | €148,300 | -€46,472 | -23.9% |
| Contributions | 10/11 | €21,215 | €21,215 | = | 0.0% |
| Reserves | 13 | €123,590 | €123,590 | = | 0.0% |
| Distributable reserves | 133 | €123,590 | €123,590 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,966 | €3,495 | -€46,472 | -93.0% |
| Amounts payable | 17/49 | €491,813 | €352,354 | -€139,458 | -28.4% |
| Amounts payable after more than one year | 17 | €319,464 | €255,731 | -€63,733 | -19.9% |
| Financial debts | 170/4 | €319,464 | €255,731 | -€63,733 | -19.9% |
| Amounts payable within one year | 42/48 | €172,349 | €93,163 | -€79,186 | -45.9% |
| Current portion of amounts payable after more than one year | 42 | €41,576 | €31,429 | -€10,147 | -24.4% |
| Trade debts | 44 | - | €1,084 | +€1,084 | |
| Suppliers | 440/4 | - | €1,084 | +€1,084 | |
| Other amounts payable | 47/48 | €130,773 | €60,651 | -€70,122 | -53.6% |
| Accrued charges and deferred income | 492/3 | - | €3,460 | +€3,460 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,450 | €30,929 | -€12,521 | -28.8% |
| Other operating charges | 640/8 | €1,960 | €19,669 | +€17,709 | +903.6% |
| Gross operating margin | 9900 | €23,835 | €16,353 | -€7,482 | -31.4% |
| Operating profit (loss) | 9901 | -€21,575 | -€34,245 | -€12,670 | -58.7% |
| Financial income | 75/76B | €1,075 | €679 | -€396 | -36.8% |
| Recurring financial income | 75 | €1,075 | €679 | -€396 | -36.8% |
| Financial charges | 65/66B | €14,171 | €12,906 | -€1,266 | -8.9% |
| Recurring financial charges | 65 | €14,171 | €12,906 | -€1,266 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | -€34,671 | -€46,472 | -€11,801 | -34.0% |
| Profit (loss) for the period | 9904 | -€34,671 | -€46,472 | -€11,801 | -34.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,671 | -€46,472 | -€11,801 | -34.0% |
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 12 October 2026 via checked.be.