ANSAKO: 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.
ANSAKO
Largest movements
- Cash -€67,297
down €67,297 (-57.8%), from €116,485 to €49,188
mainly Contributions, distributions and other (-€37,225) and Debts after one year (-€28,562)
- Current investments +€21,210
up €21,210 (+6.4%), from €332,975 to €354,185
- Receivables after one year +€16,361
up €16,361 (+14.3%), from €114,279 to €130,640
- Receivables within one year +€7,792
up €7,792 (+10.0%), from €77,611 to €85,404
of which Other amounts receivable: +€10,497
- Debts after one year -€28,562
down €28,562 (-24.5%), from €116,491 to €87,929
- Short-term financial debts +€11,842
new in 2025: €11,842
- Gross operating margin -€50,029
down €50,029 (-48.3%), from €103,483 to €53,455
- Taxes -€17,653
down €17,653 (-48.6%), from €36,337 to €18,684
- Financial income -€10,117
down €10,117 (-66.8%), from €15,133 to €5,017
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 | €646,156 | €620,674 | -€25,482 | -3.9% |
| Fixed assets | 21/28 | €1,821 | €888 | -€934 | -51.3% |
| Tangible fixed assets | 22/27 | €1,821 | €888 | -€934 | -51.3% |
| Plant, machinery and equipment | 23 | €210 | - | -€210 | |
| Furniture and vehicles | 24 | €1,611 | €888 | -€723 | -44.9% |
| Current assets | 29/58 | €644,335 | €619,787 | -€24,548 | -3.8% |
| Amounts receivable after more than one year | 29 | €114,279 | €130,640 | +€16,361 | +14.3% |
| Other amounts receivable | 291 | €114,279 | €130,640 | +€16,361 | +14.3% |
| Amounts receivable within one year | 40/41 | €77,611 | €85,404 | +€7,792 | +10.0% |
| Trade receivables | 40 | €13,758 | €11,053 | -€2,704 | -19.7% |
| Other amounts receivable | 41 | €63,854 | €74,350 | +€10,497 | +16.4% |
| Current investments | 50/53 | €332,975 | €354,185 | +€21,210 | +6.4% |
| Cash at bank and in hand | 54/58 | €116,485 | €49,188 | -€67,297 | -57.8% |
| Deferred charges and accrued income | 490/1 | €2,984 | €370 | -€2,614 | -87.6% |
| Total equity and liabilities | 10/49 | €646,156 | €620,674 | -€25,482 | -3.9% |
| Equity | 10/15 | €476,797 | €473,848 | -€2,949 | -0.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €458,197 | €455,248 | -€2,949 | -0.6% |
| Distributable reserves | 133 | €458,197 | €455,248 | -€2,949 | -0.6% |
| Amounts payable | 17/49 | €169,360 | €146,826 | -€22,533 | -13.3% |
| Amounts payable after more than one year | 17 | €116,491 | €87,929 | -€28,562 | -24.5% |
| Financial debts | 170/4 | €116,491 | €87,929 | -€28,562 | -24.5% |
| Amounts payable within one year | 42/48 | €51,817 | €57,845 | +€6,029 | +11.6% |
| Current portion of amounts payable after more than one year | 42 | €28,196 | €28,562 | +€366 | +1.3% |
| Financial debts | 43 | - | €11,842 | +€11,842 | |
| Credit institutions | 430/8 | - | €11,842 | +€11,842 | |
| Trade debts | 44 | €7,173 | €5,756 | -€1,417 | -19.8% |
| Suppliers | 440/4 | €7,173 | €5,756 | -€1,417 | -19.8% |
| Taxes, remuneration and social security | 45 | €16,448 | €11,686 | -€4,762 | -29.0% |
| Taxes | 450/3 | €16,448 | €11,686 | -€4,762 | -29.0% |
| Accrued charges and deferred income | 492/3 | €1,052 | €1,052 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,141 | €934 | -€207 | -18.1% |
| Other operating charges | 640/8 | €1,607 | €2,097 | +€489 | +30.4% |
| Gross operating margin | 9900 | €103,483 | €53,455 | -€50,029 | -48.3% |
| Operating profit (loss) | 9901 | €100,736 | €50,424 | -€50,311 | -49.9% |
| Financial income | 75/76B | €15,133 | €5,017 | -€10,117 | -66.8% |
| Recurring financial income | 75 | €15,133 | €5,017 | -€10,117 | -66.8% |
| Financial charges | 65/66B | €2,790 | €2,481 | -€309 | -11.1% |
| Recurring financial charges | 65 | €2,790 | €2,481 | -€309 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | €113,079 | €52,960 | -€60,119 | -53.2% |
| Income taxes | 67/77 | €36,337 | €18,684 | -€17,653 | -48.6% |
| Profit (loss) for the period | 9904 | €76,742 | €34,276 | -€42,466 | -55.3% |
| Profit (loss) for the period to be appropriated | 9905 | €76,742 | €34,276 | -€42,466 | -55.3% |
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 11 October 2026 via checked.be.