ANCO Concept: 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.
ANCO Concept
Largest movements
- Cash -€18,832
down €18,832 (-29.3%), from €64,260 to €45,428
mainly Contributions, distributions and other (-€64,265) and Debts after one year (-€20,918)
- Other debts +€21,850
up €21,850 (+512%), from €4,267 to €26,117
- Debts after one year -€20,918
down €20,918 (-21.8%), from €95,918 to €75,000
- Advances received -€20,000
no longer reported in 2025 (was €20,000)
- Profit (loss) carried forward +€17,933
up €17,933 (+11.4%), from €157,339 to €175,271
- Current portion of long-term debt -€14,630
down €14,630 (-41.2%), from €35,548 to €20,918
- Gross operating margin +€30,696
up €30,696 (+36.8%), from €83,335 to €114,031
- Turnover +€29,576
up €29,576 (+20.3%), from €145,474 to €175,050
- Taxes +€7,135
up €7,135 (+34.3%), from €20,809 to €27,944
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 | €327,574 | €308,287 | -€19,287 | -5.9% |
| Fixed assets | 21/28 | €263,314 | €261,062 | -€2,252 | -0.9% |
| Tangible fixed assets | 22/27 | €13,314 | €11,062 | -€2,252 | -16.9% |
| Furniture and vehicles | 24 | €1,894 | €970 | -€923 | -48.8% |
| Other tangible fixed assets | 26 | €11,420 | €10,092 | -€1,329 | -11.6% |
| Financial fixed assets | 28 | €250,000 | €250,000 | = | 0.0% |
| Current assets | 29/58 | €64,260 | €47,225 | -€17,035 | -26.5% |
| Amounts receivable within one year | 40/41 | - | €1,797 | +€1,797 | |
| Other amounts receivable | 41 | - | €1,797 | +€1,797 | |
| Cash at bank and in hand | 54/58 | €64,260 | €45,428 | -€18,832 | -29.3% |
| Total equity and liabilities | 10/49 | €327,574 | €308,287 | -€19,287 | -5.9% |
| Equity | 10/15 | €159,339 | €177,271 | +€17,933 | +11.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €157,339 | €175,271 | +€17,933 | +11.4% |
| Amounts payable | 17/49 | €168,235 | €131,015 | -€37,220 | -22.1% |
| Amounts payable after more than one year | 17 | €95,918 | €75,000 | -€20,918 | -21.8% |
| Financial debts | 170/4 | €95,918 | €75,000 | -€20,918 | -21.8% |
| Amounts payable within one year | 42/48 | €72,317 | €56,015 | -€16,302 | -22.5% |
| Current portion of amounts payable after more than one year | 42 | €35,548 | €20,918 | -€14,630 | -41.2% |
| Trade debts | 44 | - | €95 | +€95 | |
| Suppliers | 440/4 | - | €95 | +€95 | |
| Advances received on contracts in progress | 46 | €20,000 | - | -€20,000 | |
| Taxes, remuneration and social security | 45 | €12,502 | €8,885 | -€3,617 | -28.9% |
| Taxes | 450/3 | €12,502 | €8,885 | -€3,617 | -28.9% |
| Other amounts payable | 47/48 | €4,267 | €26,117 | +€21,850 | +512% |
| Turnover | 70 | €145,474 | €175,050 | +€29,576 | +20.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €63,969 | €62,728 | -€1,242 | -1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,230 | €2,252 | +€22 | +1.0% |
| Other operating charges | 640/8 | €968 | €1,000 | +€32 | +3.3% |
| Gross operating margin | 9900 | €83,335 | €114,031 | +€30,696 | +36.8% |
| Operating profit (loss) | 9901 | €80,137 | €110,779 | +€30,642 | +38.2% |
| Financial charges | 65/66B | €1,069 | €638 | -€431 | -40.3% |
| Recurring financial charges | 65 | €1,069 | €638 | -€431 | -40.3% |
| Profit (loss) for the period before taxes | 9903 | €79,068 | €110,141 | +€31,073 | +39.3% |
| Income taxes | 67/77 | €20,809 | €27,944 | +€7,135 | +34.3% |
| Profit (loss) for the period | 9904 | €58,259 | €82,198 | +€23,939 | +41.1% |
| Profit (loss) for the period to be appropriated | 9905 | €58,259 | €82,198 | +€23,939 | +41.1% |
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 29 October 2026 via checked.be.