ANZKI: 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.
What changed
ANZKI
NACE 64.210, Activities of holding companies
fiscal year 2025 against 2026filed annual accounts (NBB)
Net result for the year
€1.9m
2025 · €1.4m+€446,234
Equity
€14.5m
2025 · €13.4m+€1.2m
Cash
€925,933
2025 · €1.1m-€148,461
Balance sheet total
€15.6m
2025 · €14.2m+€1.4m
Largest movements
Assets
- Tangible fixed assets +€1.8m
up €1.8m (+49.3%), from €3.6m to €5.3m
of which Land and buildings: +€3.2m
- Current investments -€1.7m
down €1.7m (-32.8%), from €5.2m to €3.5m
- Financial fixed assets +€1.6m
up €1.6m (+38.4%), from €4.2m to €5.8m
- Receivables after one year -€179,659
no longer reported in 2026 (was €179,659)
of which Trade receivables: -€178,817
Equity and liabilities
- Reserves +€1.2m
up €1.2m (+8.7%), from €13.3m to €14.5m
of which Distributable reserves: +€1.5m
- Other debts +€159,930
up €159,930 (+29.6%), from €540,087 to €700,017
Income statement
- Financial income +€628,800
up €628,800 (+321.9%), from €195,370 to €824,170
of which Non-recurring financial income: +€407,300
- Turnover +€123,538
up €123,538 (+4.6%), from €2.7m to €2.8m
- Other operating income -€106,685
down €106,685 (-32.6%), from €326,997 to €220,312
- Taxes +€79,377
up €79,377 (+17.5%), from €453,542 to €532,919
- Staff costs +€63,516
up €63,516 (+6.1%), from €1.0m to €1.1m
From the 2025 result to the 2026 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 2025
€1.4m
Turnover
+€123,538
Other operating income
-€106,685
Services and other goods
-€59,031
Staff costs
-€63,516
Depreciation
-€9,470
Other operating charges
-€16,043
Other operating items
-€511
Financial income
+€628,800
Financial charges
+€28,529
Taxes
-€79,377
Result 2026
€1.9m
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€2.3m
Investment
-€1.8m
Financing
-€700,001
Cash 2025
€1.1m
From operations (derived)
+€2.3m
Net result for the year
+€1.9m
Depreciation
+€121,298
Receivables after one year
+€179,659
Receivables within one year
-€29,134
Deferred charges and accrued income
-€2,115
Trade debts
+€118,984
Tax, wage and social debts
-€66,078
Other debts
+€159,930
Investment (derived)
-€1.8m
Investment in fixed assets (net)
-€3.5m
Current investments
+€1.7m
Financing
-€700,001
Contributions, distributions and other
-€700,001
Cash 2026
€925,933
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,175,732 | €15,550,616 | +€1.4m | +9.7% |
| Fixed assets | 21/28 | €7,745,312 | €11,110,450 | +€3.4m | +43.4% |
| Tangible fixed assets | 22/27 | €3,579,638 | €5,344,539 | +€1.8m | +49.3% |
| Land and buildings | 22 | €2,067,814 | €5,269,372 | +€3.2m | +154.8% |
| Plant, machinery and equipment | 23 | €3,194 | €14,380 | +€11,186 | +350.2% |
| Furniture and vehicles | 24 | €106,580 | €60,787 | -€45,793 | -43.0% |
| Assets under construction and advance payments | 27 | €1,402,050 | - | -€1.4m | |
| Financial fixed assets | 28 | €4,165,674 | €5,765,911 | +€1.6m | +38.4% |
| Affiliated companies | 280/1 | €4,165,674 | €5,765,911 | +€1.6m | +38.4% |
| Participating interests | 280 | €4,165,674 | €4,165,911 | +€237 | 0.0% |
| Amounts receivable | 281 | - | €1,600,000 | +€1.6m | |
| Current assets | 29/58 | €6,430,420 | €4,440,166 | -€2.0m | -31.0% |
| Amounts receivable after more than one year | 29 | €179,659 | - | -€179,659 | |
| Trade receivables | 290 | €178,817 | - | -€178,817 | |
| Other amounts receivable | 291 | €842 | - | -€842 | |
| Amounts receivable within one year | 40/41 | - | €29,134 | +€29,134 | |
| Other amounts receivable | 41 | - | €29,134 | +€29,134 | |
| Current investments | 50/53 | €5,163,272 | €3,469,889 | -€1.7m | -32.8% |
| Other investments | 51/53 | €5,163,272 | €3,469,889 | -€1.7m | -32.8% |
| Cash at bank and in hand | 54/58 | €1,074,394 | €925,933 | -€148,461 | -13.8% |
| Deferred charges and accrued income | 490/1 | €13,095 | €15,210 | +€2,115 | +16.2% |
| Total equity and liabilities | 10/49 | €14,175,732 | €15,550,616 | +€1.4m | +9.7% |
| Equity | 10/15 | €13,374,635 | €14,536,683 | +€1.2m | +8.7% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €13,313,135 | €14,475,183 | +€1.2m | +8.7% |
| Non-distributable reserves | 130/1 | €91,668 | €91,667 | -€1 | 0.0% |
| Legal reserve | 130 | €91,668 | €91,667 | -€1 | 0.0% |
| Tax-exempt reserves | 132 | €378,900 | - | -€378,900 | |
| Distributable reserves | 133 | €12,842,567 | €14,383,516 | +€1.5m | +12.0% |
| Amounts payable | 17/49 | €801,097 | €1,013,933 | +€212,836 | +26.6% |
| Amounts payable within one year | 42/48 | €801,097 | €1,013,933 | +€212,836 | +26.6% |
| Trade debts | 44 | €74,252 | €193,236 | +€118,984 | +160.2% |
| Suppliers | 440/4 | €74,252 | €193,236 | +€118,984 | +160.2% |
| Taxes, remuneration and social security | 45 | €186,758 | €120,680 | -€66,078 | -35.4% |
| Taxes | 450/3 | €64,518 | - | -€64,518 | |
| Remuneration and social security | 454/9 | €122,240 | €120,680 | -€1,560 | -1.3% |
| Other amounts payable | 47/48 | €540,087 | €700,017 | +€159,930 | +29.6% |
| Operating income | 70/76A | €3,039,647 | €3,055,989 | +€16,342 | +0.5% |
| Turnover | 70 | €2,712,139 | €2,835,677 | +€123,538 | +4.6% |
| Other operating income | 74 | €326,997 | €220,312 | -€106,685 | -32.6% |
| Non-recurring operating income | 76A | €511 | - | -€511 | |
| Operating charges | 60/66A | €1,324,672 | €1,472,732 | +€148,060 | +11.2% |
| Services and other goods | 61 | €158,863 | €217,894 | +€59,031 | +37.2% |
| Remuneration, social security and pensions | 62 | €1,046,455 | €1,109,971 | +€63,516 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €111,828 | €121,298 | +€9,470 | +8.5% |
| Other operating charges | 640/8 | €7,526 | €23,569 | +€16,043 | +213.2% |
| Operating profit (loss) | 9901 | €1,714,975 | €1,583,257 | -€131,718 | -7.7% |
| Financial income | 75/76B | €195,370 | €824,170 | +€628,800 | +321.9% |
| Recurring financial income | 75 | €99,000 | €320,500 | +€221,500 | +223.7% |
| Income from financial fixed assets | 750 | €99,000 | €320,500 | +€221,500 | +223.7% |
| Non-recurring financial income | 76B | €96,370 | €503,670 | +€407,300 | +422.6% |
| Financial charges | 65/66B | €40,988 | €12,459 | -€28,529 | -69.6% |
| Recurring financial charges | 65 | €40,988 | €12,459 | -€28,529 | -69.6% |
| Other financial charges | 652/9 | €40,988 | €12,459 | -€28,529 | -69.6% |
| Profit (loss) for the period before taxes | 9903 | €1,869,357 | €2,394,968 | +€525,611 | +28.1% |
| Income taxes | 67/77 | €453,542 | €532,919 | +€79,377 | +17.5% |
| Taxes | 670/3 | €453,542 | €532,919 | +€79,377 | +17.5% |
| Profit (loss) for the period | 9904 | €1,415,815 | €1,862,049 | +€446,234 | +31.5% |
| Transfer from tax-exempt reserves | 789 | - | €378,900 | +€378,900 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,415,815 | €2,240,949 | +€825,134 | +58.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.