ANCOMEX: 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.
ANCOMEX
Largest movements
- Receivables within one year +€53,726
up €53,726 (+66.0%), from €81,464 to €135,190
of which Trade receivables: +€51,037
- Cash -€17,024
down €17,024 (-5.6%), from €301,970 to €284,946
mainly Receivables within one year (-€53,726) and Investment in fixed assets (net) (-€46,011)
- Tangible fixed assets +€11,324
up €11,324 (+11.2%), from €101,543 to €112,868
of which Furniture and vehicles: +€12,408
- Trade debts +€36,778
up €36,778 (+793%), from €4,641 to €41,418
- Other debts +€16,749
up €16,749 (+268%), from €6,242 to €22,992
- Gross operating margin -€54,840
down €54,840 (-45.0%), from €121,798 to €66,958
- Taxes -€14,050
down €14,050 (-55.4%), from €25,375 to €11,324
- Depreciation +€6,741
up €6,741 (+24.1%), from €27,946 to €34,687
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €603,962 | €654,797 | +€50,835 | +8.4% |
| Fixed assets | 21/28 | €101,793 | €113,118 | +€11,324 | +11.1% |
| Tangible fixed assets | 22/27 | €101,543 | €112,868 | +€11,324 | +11.2% |
| Land and buildings | 22 | €30,654 | €35,904 | +€5,250 | +17.1% |
| Plant, machinery and equipment | 23 | €15,858 | €9,524 | -€6,333 | -39.9% |
| Furniture and vehicles | 24 | €55,032 | €67,439 | +€12,408 | +22.5% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €502,168 | €541,679 | +€39,511 | +7.9% |
| Stocks and contracts in progress | 3 | €111,457 | €114,043 | +€2,585 | +2.3% |
| Stocks | 30/36 | €111,457 | €114,043 | +€2,585 | +2.3% |
| Amounts receivable within one year | 40/41 | €81,464 | €135,190 | +€53,726 | +66.0% |
| Trade receivables | 40 | €64,370 | €115,407 | +€51,037 | +79.3% |
| Other amounts receivable | 41 | €17,093 | €19,783 | +€2,690 | +15.7% |
| Cash at bank and in hand | 54/58 | €301,970 | €284,946 | -€17,024 | -5.6% |
| Deferred charges and accrued income | 490/1 | €7,277 | €7,500 | +€223 | +3.1% |
| Total equity and liabilities | 10/49 | €603,962 | €654,797 | +€50,835 | +8.4% |
| Equity | 10/15 | €574,166 | €574,166 | = | 0.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €22,000 | €22,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €532,166 | €532,166 | = | 0.0% |
| Amounts payable | 17/49 | €29,796 | €80,631 | +€50,835 | +171% |
| Amounts payable within one year | 42/48 | €29,796 | €80,631 | +€50,835 | +171% |
| Trade debts | 44 | €4,641 | €41,418 | +€36,778 | +793% |
| Suppliers | 440/4 | €4,641 | €41,418 | +€36,778 | +793% |
| Taxes, remuneration and social security | 45 | €18,913 | €16,221 | -€2,692 | -14.2% |
| Taxes | 450/3 | €18,913 | €16,221 | -€2,692 | -14.2% |
| Other amounts payable | 47/48 | €6,242 | €22,992 | +€16,749 | +268% |
| Non-recurring operating income | 76A | €24,577 | - | -€24,577 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,946 | €34,687 | +€6,741 | +24.1% |
| Other operating charges | 640/8 | €3,588 | €4,019 | +€431 | +12.0% |
| Gross operating margin | 9900 | €121,798 | €66,958 | -€54,840 | -45.0% |
| Operating profit (loss) | 9901 | €90,264 | €28,253 | -€62,011 | -68.7% |
| Financial income | 75/76B | €2,234 | €3,003 | +€769 | +34.4% |
| Recurring financial income | 75 | €2,234 | €3,003 | +€769 | +34.4% |
| Financial charges | 65/66B | €1,449 | €2,474 | +€1,024 | +70.7% |
| Recurring financial charges | 65 | €1,449 | €2,474 | +€1,024 | +70.7% |
| Profit (loss) for the period before taxes | 9903 | €91,049 | €28,782 | -€62,267 | -68.4% |
| Income taxes | 67/77 | €25,375 | €11,324 | -€14,050 | -55.4% |
| Profit (loss) for the period | 9904 | €65,675 | €17,458 | -€48,217 | -73.4% |
| Profit (loss) for the period to be appropriated | 9905 | €65,675 | €17,458 | -€48,217 | -73.4% |
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 17 October 2026 via checked.be.