DEN ANKER: 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.
DEN ANKER
Largest movements
- Tangible fixed assets +€1.4m
up €1.4m (+1938.6%), from €72,088 to €1.5m
of which Land and buildings: +€1.4m
- Cash -€313,671
down €313,671 (-100.0%), from €313,755 to €84
mainly Investment in fixed assets (net) (-€1.4m) and Receivables within one year (-€286,849)
- Receivables within one year +€286,849
up €286,849 (+19761.3%), from €1,452 to €288,300
of which Other amounts receivable: +€286,849
- Stocks and contracts -€47,843
down €47,843 (-70.5%), from €67,843 to €20,000
- Revaluation surpluses +€1.4m
new in 2025: €1.4m
- Profit (loss) carried forward -€101,161
down €101,161 (-116.4%), from -€86,884 to -€188,045
- Trade debts +€28,602
up €28,602 (+14451.5%), from €198 to €28,800
- Gross operating margin -€67,724
down €67,724, from €25,887 to -€41,837
- Write-downs +€47,843
new in 2025: €47,843
- Depreciation -€903
down €903 (-26.8%), from €3,370 to €2,467
- Staff costs -€530
down €530 (-100.0%), from €530 to €0
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 | €471,338 | €1,787,334 | +€1.3m | +279.2% |
| Fixed assets | 21/28 | €88,288 | €1,478,823 | +€1.4m | +1575.0% |
| Tangible fixed assets | 22/27 | €72,088 | €1,469,622 | +€1.4m | +1938.6% |
| Land and buildings | 22 | €71,418 | €1,469,622 | +€1.4m | +1957.8% |
| Plant, machinery and equipment | 23 | €671 | €0 | -€671 | -100.0% |
| Financial fixed assets | 28 | €16,199 | €9,201 | -€6,998 | -43.2% |
| Current assets | 29/58 | €383,050 | €308,512 | -€74,538 | -19.5% |
| Stocks and contracts in progress | 3 | €67,843 | €20,000 | -€47,843 | -70.5% |
| Stocks | 30/36 | €67,843 | €20,000 | -€47,843 | -70.5% |
| Amounts receivable within one year | 40/41 | €1,452 | €288,300 | +€286,849 | +19761.3% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €1,452 | €288,300 | +€286,849 | +19761.3% |
| Cash at bank and in hand | 54/58 | €313,755 | €84 | -€313,671 | -100.0% |
| Deferred charges and accrued income | 490/1 | - | €127 | +€127 | |
| Total equity and liabilities | 10/49 | €471,338 | €1,787,334 | +€1.3m | +279.2% |
| Equity | 10/15 | €457,919 | €1,756,757 | +€1.3m | +283.6% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Capital | 10 | €120,000 | €120,000 | = | 0.0% |
| Issued capital | 100 | €120,000 | €120,000 | = | 0.0% |
| Revaluation surpluses | 12 | - | €1,400,000 | +€1.4m | |
| Reserves | 13 | €424,803 | €424,803 | = | 0.0% |
| Non-distributable reserves | 130/1 | €24,789 | €24,789 | = | 0.0% |
| Legal reserve | 130 | €24,789 | €24,789 | = | 0.0% |
| Distributable reserves | 133 | €400,013 | €400,013 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€86,884 | -€188,045 | -€101,161 | -116.4% |
| Amounts payable | 17/49 | €13,419 | €30,577 | +€17,158 | +127.9% |
| Amounts payable within one year | 42/48 | €13,419 | €28,868 | +€15,450 | +115.1% |
| Trade debts | 44 | €198 | €28,800 | +€28,602 | +14451.5% |
| Suppliers | 440/4 | €198 | €28,800 | +€28,602 | +14451.5% |
| Taxes, remuneration and social security | 45 | €17 | €0 | -€17 | -100.0% |
| Taxes | 450/3 | €17 | €0 | -€17 | -100.0% |
| Other amounts payable | 47/48 | €13,204 | €68 | -€13,136 | -99.5% |
| Accrued charges and deferred income | 492/3 | - | €1,709 | +€1,709 | |
| Remuneration, social security and pensions | 62 | €530 | €0 | -€530 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,370 | €2,467 | -€903 | -26.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €47,843 | +€47,843 | |
| Other operating charges | 640/8 | €10,890 | €10,535 | -€356 | -3.3% |
| Gross operating margin | 9900 | €25,887 | -€41,837 | -€67,724 | |
| Operating profit (loss) | 9901 | €11,096 | -€102,682 | -€113,778 | |
| Financial income | 75/76B | €1,659 | €1,689 | +€29 | +1.8% |
| Recurring financial income | 75 | €1,659 | €1,689 | +€29 | +1.8% |
| Financial charges | 65/66B | €412 | €168 | -€244 | -59.2% |
| Recurring financial charges | 65 | €412 | €168 | -€244 | -59.2% |
| Profit (loss) for the period before taxes | 9903 | €12,344 | -€101,161 | -€113,505 | |
| Profit (loss) for the period | 9904 | €12,344 | -€101,161 | -€113,505 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,344 | -€101,161 | -€113,505 |
Source: filed annual accounts (NBB), fiscal years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.