ANACOM: 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.
What changed
ANACOM
NACE 73.200, Market research and public opinion polling
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€2.2m
2024 · €175,809-€2.3m
Equity
€44.1m
2024 · €46.2m-€2.2m
Cash
€122,420
2024 · €100,842+€21,578
Balance sheet total
€44.3m
2024 · €46.9m-€2.6m
Largest movements
Assets
- Financial fixed assets -€1.8m
down €1.8m (-4.7%), from €39.1m to €37.3m
of which Affiliated companies: -€1.9m
- Current investments -€824,398
down €824,398 (-11.4%), from €7.2m to €6.4m
Equity and liabilities
- Reserves -€2.2m
down €2.2m (-4.7%), from €45.5m to €43.3m
- Other debts -€480,518
down €480,518 (-99.7%), from €482,047 to €1,529
Income statement
- Financial charges +€2.1m
up €2.1m (+202%), from €1.1m to €3.2m
of which Non-recurring financial charges: +€2.3m
- Financial income -€364,225
down €364,225 (-18.8%), from €1.9m to €1.6m
of which Financial income: -€372,521
- Turnover +€253,141
up €253,141 (+63.2%), from €400,558 to €653,700
- Services and other goods +€222,033
up €222,033 (+38.9%), from €570,948 to €792,980
- Taxes -€148,621
down €148,621 (-99.6%), from €149,266 to €646
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.
Result 2024
€175,809
Turnover
+€253,141
Other operating income
+€12,403
Services and other goods
-€222,033
Staff costs
-€43,513
Depreciation
+€2,510
Other operating charges
+€29,003
Financial income
-€364,225
Financial charges
-€2.1m
Taxes
+€148,621
Result 2025
-€2.2m
raises the resultlowers the result
Derived cash bridge
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.
From operations
-€2.6m
Investment
+€2.7m
Financing
€0
Cash 2024
€100,842
From operations (derived)
-€2.6m
Net result for the year
-€2.2m
Depreciation
+€2,488
Receivables within one year
+€13,065
Deferred charges and accrued income
-€20,364
Trade debts
+€30,160
Tax, wage and social debts
-€37,025
Other debts
-€480,518
Investment (derived)
+€2.7m
Investment in fixed assets (net)
+€1.8m
Current investments
+€824,398
Cash 2025
€122,420
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €46,944,070 | €44,306,137 | -€2.6m | -5.6% |
| Fixed assets | 21/28 | €39,238,489 | €37,396,078 | -€1.8m | -4.7% |
| Tangible fixed assets | 22/27 | €140,404 | €137,916 | -€2,488 | -1.8% |
| Furniture and vehicles | 24 | €13,643 | €11,155 | -€2,488 | -18.2% |
| Other tangible fixed assets | 26 | €126,761 | €126,761 | = | 0.0% |
| Financial fixed assets | 28 | €39,098,085 | €37,258,162 | -€1.8m | -4.7% |
| Affiliated companies | 280/1 | €38,240,467 | €36,293,546 | -€1.9m | -5.1% |
| Participating interests | 280 | €31,515,404 | €28,193,546 | -€3.3m | -10.5% |
| Amounts receivable | 281 | €6,725,063 | €8,100,000 | +€1.4m | +20.4% |
| Other financial fixed assets | 284/8 | €857,618 | €964,616 | +€106,998 | +12.5% |
| Shares | 284 | €805,740 | €912,738 | +€106,998 | +13.3% |
| Amounts receivable and cash guarantees | 285/8 | €51,879 | €51,879 | = | 0.0% |
| Current assets | 29/58 | €7,705,581 | €6,910,059 | -€795,522 | -10.3% |
| Amounts receivable within one year | 40/41 | €366,092 | €353,026 | -€13,065 | -3.6% |
| Trade receivables | 40 | €229,661 | €305,185 | +€75,524 | +32.9% |
| Other amounts receivable | 41 | €136,430 | €47,841 | -€88,589 | -64.9% |
| Current investments | 50/53 | €7,235,165 | €6,410,767 | -€824,398 | -11.4% |
| Other investments | 51/53 | €7,235,165 | €6,410,767 | -€824,398 | -11.4% |
| Cash at bank and in hand | 54/58 | €100,842 | €122,420 | +€21,578 | +21.4% |
| Deferred charges and accrued income | 490/1 | €3,483 | €23,847 | +€20,364 | +585% |
| Total equity and liabilities | 10/49 | €46,944,070 | €44,306,137 | -€2.6m | -5.6% |
| Equity | 10/15 | €46,243,263 | €44,092,713 | -€2.2m | -4.7% |
| Contributions | 10/11 | €773,021 | €773,021 | = | 0.0% |
| Reserves | 13 | €45,470,242 | €43,319,692 | -€2.2m | -4.7% |
| Distributable reserves | 133 | €45,470,242 | €43,319,692 | -€2.2m | -4.7% |
| Amounts payable | 17/49 | €700,807 | €213,424 | -€487,383 | -69.5% |
| Amounts payable within one year | 42/48 | €700,807 | €213,424 | -€487,383 | -69.5% |
| Trade debts | 44 | €136,877 | €167,037 | +€30,160 | +22.0% |
| Suppliers | 440/4 | €136,877 | €167,037 | +€30,160 | +22.0% |
| Taxes, remuneration and social security | 45 | €81,883 | €44,858 | -€37,025 | -45.2% |
| Taxes | 450/3 | €29,411 | €12,558 | -€16,852 | -57.3% |
| Remuneration and social security | 454/9 | €52,472 | €32,299 | -€20,173 | -38.4% |
| Other amounts payable | 47/48 | €482,047 | €1,529 | -€480,518 | -99.7% |
| Operating income | 70/76A | €426,199 | €691,743 | +€265,544 | +62.3% |
| Turnover | 70 | €400,558 | €653,700 | +€253,141 | +63.2% |
| Other operating income | 74 | €25,641 | €38,043 | +€12,403 | +48.4% |
| Operating charges | 60/66A | €974,349 | €1,208,383 | +€234,034 | +24.0% |
| Services and other goods | 61 | €570,948 | €792,980 | +€222,033 | +38.9% |
| Remuneration, social security and pensions | 62 | €353,224 | €396,737 | +€43,513 | +12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,998 | €2,488 | -€2,510 | -50.2% |
| Other operating charges | 640/8 | €45,180 | €16,178 | -€29,003 | -64.2% |
| Operating profit (loss) | 9901 | -€548,151 | -€516,640 | +€31,511 | +5.7% |
| Financial income | 75/76B | €1,932,305 | €1,568,080 | -€364,225 | -18.8% |
| Recurring financial income | 75 | €1,880,089 | €1,507,568 | -€372,521 | -19.8% |
| Income from financial fixed assets | 750 | €1,655,520 | €1,270,691 | -€384,829 | -23.2% |
| Income from current assets | 751 | €178,365 | €119,224 | -€59,141 | -33.2% |
| Other financial income | 752/9 | €46,203 | €117,654 | +€71,450 | +155% |
| Non-recurring financial income | 76B | €52,216 | €60,512 | +€8,296 | +15.9% |
| Financial charges | 65/66B | €1,059,079 | €3,201,345 | +€2.1m | +202% |
| Recurring financial charges | 65 | €129,079 | -€9,173 | -€138,251 | |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €95,696 | -€39,829 | -€135,525 | |
| Other financial charges | 652/9 | €33,383 | €30,656 | -€2,726 | -8.2% |
| Non-recurring financial charges | 66B | €930,000 | €3,210,518 | +€2.3m | +245% |
| Profit (loss) for the period before taxes | 9903 | €325,076 | -€2,149,905 | -€2.5m | |
| Income taxes | 67/77 | €149,266 | €646 | -€148,621 | -99.6% |
| Taxes | 670/3 | €149,266 | €646 | -€148,621 | -99.6% |
| Profit (loss) for the period | 9904 | €175,809 | -€2,150,550 | -€2.3m | |
| Profit (loss) for the period to be appropriated | 9905 | €175,809 | -€2,150,550 | -€2.3m |
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 24 October 2026 via checked.be.