A. ANTWERPSE RUIMDIENST: what changed
A. ANTWERPSE RUIMDIENST
Largest movements
- Receivables after one year +€810,000
new in 2025: €810,000
- Cash -€710,128
down €710,128 (-92.2%), from €770,220 to €60,092
mainly Receivables after one year (-€810,000)
- Receivables within one year -€41,070
down €41,070 (-19.6%), from €209,835 to €168,765
of which Other amounts receivable: -€57,885
- Reserves +€32,338
up €32,338 (+5.9%), from €548,396 to €580,734
- Tax, wage and social debts +€23,114
up €23,114 (+5,822%), from €397 to €23,511
- Gross operating margin +€18,410
up €18,410 (+88.1%), from €20,894 to €39,303
- Taxes +€12,810
up €12,810 (+355%), from €3,607 to €16,418
- Financial income +€12,175
up €12,175 (+395%), from €3,081 to €15,256
of which Financial income: +€12,061
- Depreciation -€8,333
no longer reported in 2025 (was €8,333)
- Other operating charges +€2,276
up €2,276 (+65.5%), from €3,475 to €5,751
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €983,942 | €1,041,772 | +€57,830 | +5.9% |
| Current assets | 29/58 | €983,942 | €1,041,772 | +€57,830 | +5.9% |
| Amounts receivable after more than one year | 29 | - | €810,000 | +€810,000 | |
| Other amounts receivable | 291 | - | €810,000 | +€810,000 | |
| Amounts receivable within one year | 40/41 | €209,835 | €168,765 | -€41,070 | -19.6% |
| Trade receivables | 40 | €18,275 | €35,090 | +€16,815 | +92.0% |
| Other amounts receivable | 41 | €191,560 | €133,675 | -€57,885 | -30.2% |
| Cash at bank and in hand | 54/58 | €770,220 | €60,092 | -€710,128 | -92.2% |
| Deferred charges and accrued income | 490/1 | €3,887 | €2,915 | -€972 | -25.0% |
| Total equity and liabilities | 10/49 | €983,942 | €1,041,772 | +€57,830 | +5.9% |
| Equity | 10/15 | €981,396 | €1,013,734 | +€32,338 | +3.3% |
| Contributions | 10/11 | €433,000 | €433,000 | = | 0.0% |
| Reserves | 13 | €548,396 | €580,734 | +€32,338 | +5.9% |
| Distributable reserves | 133 | €548,396 | €580,734 | +€32,338 | +5.9% |
| Amounts payable | 17/49 | €2,546 | €28,038 | +€25,492 | +1,001% |
| Amounts payable within one year | 42/48 | €2,546 | €28,038 | +€25,492 | +1,001% |
| Trade debts | 44 | €2,064 | €4,376 | +€2,313 | +112% |
| Suppliers | 440/4 | €2,064 | €4,376 | +€2,313 | +112% |
| Taxes, remuneration and social security | 45 | €397 | €23,511 | +€23,114 | +5,822% |
| Taxes | 450/3 | €397 | €23,511 | +€23,114 | +5,822% |
| Other amounts payable | 47/48 | €85 | €150 | +€65 | +76.1% |
| Non-recurring operating income | 76A | €670 | - | -€670 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,333 | - | -€8,333 | |
| Other operating charges | 640/8 | €3,475 | €5,751 | +€2,276 | +65.5% |
| Gross operating margin | 9900 | €20,894 | €39,303 | +€18,410 | +88.1% |
| Operating profit (loss) | 9901 | €9,087 | €33,553 | +€24,466 | +269% |
| Financial income | 75/76B | €3,081 | €15,256 | +€12,175 | +395% |
| Recurring financial income | 75 | €3,081 | €15,142 | +€12,061 | +392% |
| Non-recurring financial income | 76B | - | €113 | +€113 | |
| Financial charges | 65/66B | €830 | €53 | -€777 | -93.6% |
| Recurring financial charges | 65 | €830 | €53 | -€777 | -93.6% |
| Profit (loss) for the period before taxes | 9903 | €11,337 | €48,755 | +€37,418 | +330% |
| Income taxes | 67/77 | €3,607 | €16,418 | +€12,810 | +355% |
| Profit (loss) for the period | 9904 | €7,730 | €32,338 | +€24,608 | +318% |
| Profit (loss) for the period to be appropriated | 9905 | €7,730 | €32,338 | +€24,608 | +318% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.