A.N.T.: 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.
A.N.T.
Largest movements
- Cash -€12,956
down €12,956 (-74.4%), from €17,410 to €4,454
mainly Net result for the year (-€26,859) and Accrued charges and deferred income (-€16,021)
- Receivables within one year +€10,468
up €10,468 (+52.0%), from €20,146 to €30,614
of which Trade receivables: +€11,045
- Deferred charges and accrued income +€1,680
up €1,680 (+80.1%), from €2,099 to €3,779
- Profit (loss) carried forward -€26,859
down €26,859 (-143.4%), from -€18,736 to -€45,596
- Other debts +€18,148
up €18,148 (+172.2%), from €10,536 to €28,683
- Accrued charges and deferred income -€16,021
down €16,021 (-99.2%), from €16,157 to €136
- Trade debts +€15,639
up €15,639, from €0 to €15,639
- Short-term financial debts +€11,000
new in 2025: €11,000
- Gross operating margin -€9,053
down €9,053 (-79.8%), from -€11,341 to -€20,394
- Depreciation -€447
down €447 (-13.9%), from €3,216 to €2,769
- Financial charges -€404
down €404 (-15.6%), from €2,592 to €2,188
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 | €44,267 | €43,101 | -€1,166 | -2.6% |
| Fixed assets | 21/28 | €4,612 | €4,254 | -€358 | -7.8% |
| Tangible fixed assets | 22/27 | €4,612 | €4,254 | -€358 | -7.8% |
| Land and buildings | 22 | €2 | €0 | -€2 | -100.0% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €4,611 | €4,254 | -€356 | -7.7% |
| Current assets | 29/58 | €39,655 | €38,847 | -€808 | -2.0% |
| Amounts receivable within one year | 40/41 | €20,146 | €30,614 | +€10,468 | +52.0% |
| Trade receivables | 40 | €16,569 | €27,614 | +€11,045 | +66.7% |
| Other amounts receivable | 41 | €3,577 | €3,000 | -€577 | -16.1% |
| Cash at bank and in hand | 54/58 | €17,410 | €4,454 | -€12,956 | -74.4% |
| Deferred charges and accrued income | 490/1 | €2,099 | €3,779 | +€1,680 | +80.1% |
| Total equity and liabilities | 10/49 | €44,267 | €43,101 | -€1,166 | -2.6% |
| Equity | 10/15 | €4,255 | -€22,604 | -€26,859 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,392 | €4,392 | = | 0.0% |
| Distributable reserves | 133 | €4,392 | €4,392 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,736 | -€45,596 | -€26,859 | -143.4% |
| Amounts payable | 17/49 | €40,012 | €65,705 | +€25,694 | +64.2% |
| Amounts payable within one year | 42/48 | €23,855 | €65,569 | +€41,714 | +174.9% |
| Financial debts | 43 | - | €11,000 | +€11,000 | |
| Credit institutions | 430/8 | - | €11,000 | +€11,000 | |
| Trade debts | 44 | €0 | €15,639 | +€15,639 | |
| Suppliers | 440/4 | €0 | €15,639 | +€15,639 | |
| Taxes, remuneration and social security | 45 | €13,319 | €10,247 | -€3,072 | -23.1% |
| Taxes | 450/3 | €12,919 | €9,747 | -€3,172 | -24.6% |
| Remuneration and social security | 454/9 | €400 | €500 | +€100 | +25.0% |
| Other amounts payable | 47/48 | €10,536 | €28,683 | +€18,148 | +172.2% |
| Accrued charges and deferred income | 492/3 | €16,157 | €136 | -€16,021 | -99.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,216 | €2,769 | -€447 | -13.9% |
| Other operating charges | 640/8 | €1,291 | €1,201 | -€89 | -6.9% |
| Gross operating margin | 9900 | -€11,341 | -€20,394 | -€9,053 | -79.8% |
| Operating profit (loss) | 9901 | -€15,848 | -€24,364 | -€8,517 | -53.7% |
| Financial income | 75/76B | €0 | €4 | +€4 | |
| Recurring financial income | 75 | €0 | €4 | +€4 | |
| Financial charges | 65/66B | €2,592 | €2,188 | -€404 | -15.6% |
| Recurring financial charges | 65 | €2,592 | €2,188 | -€404 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | -€18,440 | -€26,549 | -€8,109 | -44.0% |
| Income taxes | 67/77 | €297 | €310 | +€14 | +4.6% |
| Profit (loss) for the period | 9904 | -€18,736 | -€26,859 | -€8,123 | -43.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,736 | -€26,859 | -€8,123 | -43.4% |
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 12 October 2026 via checked.be.