S-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.
S-ANKER
Largest movements
- Current investments +€19,512
up €19,512 (+30.2%), from €64,512 to €84,024
- Cash -€9,677
down €9,677 (-9.6%), from €101,094 to €91,417
mainly Other debts (-€21,225) and Current investments (-€19,512)
- Receivables within one year +€4,683
up €4,683 (+12.0%), from €39,051 to €43,735
of which Trade receivables: +€4,694
- Deferred charges and accrued income +€4,336
up €4,336 (+114.6%), from €3,782 to €8,118
- Reserves +€53,995
up €53,995 (+27.2%), from €198,764 to €252,759
- Other debts -€21,225
down €21,225 (-62.9%), from €33,725 to €12,500
- Debts after one year -€14,000
down €14,000 (-11.8%), from €119,000 to €105,000
- Depreciation -€21,228
down €21,228 (-58.1%), from €36,522 to €15,294
- Taxes +€6,231
up €6,231 (+36.7%), from €16,989 to €23,221
- Financial income +€1,973
up €1,973 (+510.4%), from €387 to €2,359
- Financial charges +€1,687
up €1,687 (+38.5%), from €4,387 to €6,074
- Gross operating margin -€1,574
down €1,574 (-1.6%), from €99,396 to €97,822
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 | €396,450 | €414,346 | +€17,896 | +4.5% |
| Fixed assets | 21/28 | €188,012 | €187,053 | -€958 | -0.5% |
| Tangible fixed assets | 22/27 | €186,761 | €185,802 | -€958 | -0.5% |
| Land and buildings | 22 | €180,596 | €176,156 | -€4,440 | -2.5% |
| Furniture and vehicles | 24 | €6,164 | €6,031 | -€133 | -2.2% |
| Other tangible fixed assets | 26 | - | €3,614 | +€3,614 | |
| Financial fixed assets | 28 | €1,251 | €1,251 | = | 0.0% |
| Current assets | 29/58 | €208,439 | €227,293 | +€18,854 | +9.0% |
| Amounts receivable within one year | 40/41 | €39,051 | €43,735 | +€4,683 | +12.0% |
| Trade receivables | 40 | €39,040 | €43,735 | +€4,694 | +12.0% |
| Other amounts receivable | 41 | €11 | €0 | -€11 | -100.0% |
| Current investments | 50/53 | €64,512 | €84,024 | +€19,512 | +30.2% |
| Cash at bank and in hand | 54/58 | €101,094 | €91,417 | -€9,677 | -9.6% |
| Deferred charges and accrued income | 490/1 | €3,782 | €8,118 | +€4,336 | +114.6% |
| Total equity and liabilities | 10/49 | €396,450 | €414,346 | +€17,896 | +4.5% |
| Equity | 10/15 | €212,258 | €265,395 | +€53,136 | +25.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €198,764 | €252,759 | +€53,995 | +27.2% |
| Distributable reserves | 133 | €198,764 | €252,759 | +€53,995 | +27.2% |
| Profit (loss) carried forward | 14 | €1,094 | €235 | -€859 | -78.5% |
| Amounts payable | 17/49 | €184,192 | €148,952 | -€35,240 | -19.1% |
| Amounts payable after more than one year | 17 | €119,000 | €105,000 | -€14,000 | -11.8% |
| Financial debts | 170/4 | €119,000 | €105,000 | -€14,000 | -11.8% |
| Amounts payable within one year | 42/48 | €64,291 | €43,132 | -€21,159 | -32.9% |
| Current portion of amounts payable after more than one year | 42 | €14,000 | €14,000 | = | 0.0% |
| Trade debts | 44 | €6,048 | €2,345 | -€3,702 | -61.2% |
| Suppliers | 440/4 | €6,048 | €2,345 | -€3,702 | -61.2% |
| Taxes, remuneration and social security | 45 | €10,518 | €14,287 | +€3,769 | +35.8% |
| Taxes | 450/3 | €10,518 | €14,287 | +€3,769 | +35.8% |
| Other amounts payable | 47/48 | €33,725 | €12,500 | -€21,225 | -62.9% |
| Accrued charges and deferred income | 492/3 | €901 | €820 | -€81 | -9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,522 | €15,294 | -€21,228 | -58.1% |
| Other operating charges | 640/8 | €783 | €1,597 | +€814 | +103.9% |
| Gross operating margin | 9900 | €99,396 | €97,822 | -€1,574 | -1.6% |
| Operating profit (loss) | 9901 | €62,090 | €80,931 | +€18,841 | +30.3% |
| Financial income | 75/76B | €387 | €2,359 | +€1,973 | +510.4% |
| Recurring financial income | 75 | €387 | €2,359 | +€1,973 | +510.4% |
| Financial charges | 65/66B | €4,387 | €6,074 | +€1,687 | +38.5% |
| Recurring financial charges | 65 | €4,387 | €6,074 | +€1,687 | +38.5% |
| Profit (loss) for the period before taxes | 9903 | €58,089 | €77,216 | +€19,126 | +32.9% |
| Income taxes | 67/77 | €16,989 | €23,221 | +€6,231 | +36.7% |
| Profit (loss) for the period | 9904 | €41,100 | €53,995 | +€12,895 | +31.4% |
| Profit (loss) for the period to be appropriated | 9905 | €41,100 | €53,995 | +€12,895 | +31.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.