d'Anconia: 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.
d'Anconia
Largest movements
- Current investments +€96,482
up €96,482 (+73.5%), from €131,344 to €227,826
- Cash -€18,692
down €18,692 (-45.7%), from €40,901 to €22,209
mainly Current investments (-€96,482) and Debts after one year (-€5,973)
- Tangible fixed assets -€13,312
down €13,312 (-24.6%), from €54,131 to €40,819
of which Furniture and vehicles: -€12,106
- Receivables within one year -€6,731
no longer reported in 2026 (was €6,731)
- Deferred charges and accrued income -€3,364
down €3,364 (-15.1%), from €22,342 to €18,978
- Reserves +€55,097
up €55,097 (+26.1%), from €211,030 to €266,127
- Debts after one year -€5,973
down €5,973 (-31.2%), from €19,150 to €13,177
- Tax, wage and social debts +€5,384
up €5,384 (+570.2%), from €944 to €6,329
- Financial income +€43,072
up €43,072 (+804.3%), from €5,355 to €48,427
- Taxes +€15,384
up €15,384 (+140.5%), from €10,950 to €26,334
- Depreciation -€6,293
down €6,293 (-31.8%), from €19,805 to €13,512
- Gross operating margin -€1,483
down €1,483 (-2.8%), from €52,215 to €50,731
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.
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.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €259,468 | €313,663 | +€54,195 | +20.9% |
| Fixed assets | 21/28 | €58,149 | €44,649 | -€13,500 | -23.2% |
| Intangible fixed assets | 21 | €950 | €750 | -€200 | -21.0% |
| Tangible fixed assets | 22/27 | €54,131 | €40,819 | -€13,312 | -24.6% |
| Land and buildings | 22 | €1,394 | €1,100 | -€293 | -21.1% |
| Plant, machinery and equipment | 23 | €2,738 | €1,826 | -€913 | -33.3% |
| Furniture and vehicles | 24 | €49,999 | €37,893 | -€12,106 | -24.2% |
| Financial fixed assets | 28 | €3,067 | €3,080 | +€13 | +0.4% |
| Current assets | 29/58 | €201,319 | €269,013 | +€67,694 | +33.6% |
| Amounts receivable within one year | 40/41 | €6,731 | - | -€6,731 | |
| Other amounts receivable | 41 | €6,731 | - | -€6,731 | |
| Current investments | 50/53 | €131,344 | €227,826 | +€96,482 | +73.5% |
| Cash at bank and in hand | 54/58 | €40,901 | €22,209 | -€18,692 | -45.7% |
| Deferred charges and accrued income | 490/1 | €22,342 | €18,978 | -€3,364 | -15.1% |
| Total equity and liabilities | 10/49 | €259,468 | €313,663 | +€54,195 | +20.9% |
| Equity | 10/15 | €231,030 | €286,127 | +€55,097 | +23.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €211,030 | €266,127 | +€55,097 | +26.1% |
| Distributable reserves | 133 | €211,030 | €266,127 | +€55,097 | +26.1% |
| Amounts payable | 17/49 | €28,438 | €27,536 | -€902 | -3.2% |
| Amounts payable after more than one year | 17 | €19,150 | €13,177 | -€5,973 | -31.2% |
| Financial debts | 170/4 | €19,150 | €13,177 | -€5,973 | -31.2% |
| Amounts payable within one year | 42/48 | €9,288 | €14,359 | +€5,071 | +54.6% |
| Current portion of amounts payable after more than one year | 42 | €5,756 | €5,973 | +€217 | +3.8% |
| Trade debts | 44 | €2,588 | €1,836 | -€752 | -29.1% |
| Suppliers | 440/4 | €2,588 | €1,836 | -€752 | -29.1% |
| Taxes, remuneration and social security | 45 | €944 | €6,329 | +€5,384 | +570.2% |
| Taxes | 450/3 | €944 | €6,329 | +€5,384 | +570.2% |
| Other amounts payable | 47/48 | - | €221 | +€221 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,805 | €13,512 | -€6,293 | -31.8% |
| Other operating charges | 640/8 | €3,555 | €3,218 | -€337 | -9.5% |
| Gross operating margin | 9900 | €52,215 | €50,731 | -€1,483 | -2.8% |
| Operating profit (loss) | 9901 | €28,855 | €34,001 | +€5,147 | +17.8% |
| Financial income | 75/76B | €5,355 | €48,427 | +€43,072 | +804.3% |
| Recurring financial income | 75 | €5,355 | €48,427 | +€43,072 | +804.3% |
| Financial charges | 65/66B | €1,080 | €997 | -€83 | -7.7% |
| Recurring financial charges | 65 | €1,080 | €997 | -€83 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | €33,129 | €81,431 | +€48,302 | +145.8% |
| Income taxes | 67/77 | €10,950 | €26,334 | +€15,384 | +140.5% |
| Profit (loss) for the period | 9904 | €22,180 | €55,097 | +€32,917 | +148.4% |
| Profit (loss) for the period to be appropriated | 9905 | €22,180 | €55,097 | +€32,917 | +148.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.