AANTAR: 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.
AANTAR
Largest movements
- Stocks and contracts -€39,120
down €39,120 (-68.9%), from €56,814 to €17,694
- Receivables within one year +€2,640
up €2,640 (+2.6%), from €100,703 to €103,343
of which Other amounts receivable: +€15,800
- Other debts -€44,364
down €44,364 (-45.8%), from €96,891 to €52,527
- Current portion of long-term debt +€21,237
new in 2025: €21,237
- Profit (loss) carried forward -€19,809
down €19,809 (-72.5%), from €27,318 to €7,509
- Trade debts +€8,406
up €8,406 (+1045.7%), from €804 to €9,210
- Tax, wage and social debts -€2,292
down €2,292 (-17.0%), from €13,443 to €11,151
- Gross operating margin -€24,300
down €24,300, from €14,801 to -€9,498
- Depreciation -€981
no longer reported in 2025 (was €981)
- Other operating charges +€158
new in 2025: €158
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 | €158,916 | €122,094 | -€36,822 | -23.2% |
| Fixed assets | 21/28 | €180 | €180 | = | 0.0% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €158,736 | €121,914 | -€36,822 | -23.2% |
| Stocks and contracts in progress | 3 | €56,814 | €17,694 | -€39,120 | -68.9% |
| Stocks | 30/36 | €56,814 | €17,694 | -€39,120 | -68.9% |
| Amounts receivable within one year | 40/41 | €100,703 | €103,343 | +€2,640 | +2.6% |
| Trade receivables | 40 | €86,182 | €73,022 | -€13,159 | -15.3% |
| Other amounts receivable | 41 | €14,521 | €30,321 | +€15,800 | +108.8% |
| Cash at bank and in hand | 54/58 | €1,219 | €876 | -€342 | -28.1% |
| Total equity and liabilities | 10/49 | €158,916 | €122,094 | -€36,822 | -23.2% |
| Equity | 10/15 | €47,778 | €27,969 | -€19,809 | -41.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,318 | €7,509 | -€19,809 | -72.5% |
| Amounts payable | 17/49 | €111,138 | €94,125 | -€17,012 | -15.3% |
| Amounts payable within one year | 42/48 | €111,138 | €94,125 | -€17,012 | -15.3% |
| Current portion of amounts payable after more than one year | 42 | - | €21,237 | +€21,237 | |
| Trade debts | 44 | €804 | €9,210 | +€8,406 | +1045.7% |
| Suppliers | 440/4 | €804 | €9,210 | +€8,406 | +1045.7% |
| Taxes, remuneration and social security | 45 | €13,443 | €11,151 | -€2,292 | -17.0% |
| Taxes | 450/3 | €13,443 | €11,151 | -€2,292 | -17.0% |
| Other amounts payable | 47/48 | €96,891 | €52,527 | -€44,364 | -45.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €981 | - | -€981 | |
| Other operating charges | 640/8 | - | €158 | +€158 | |
| Gross operating margin | 9900 | €14,801 | -€9,498 | -€24,300 | |
| Operating profit (loss) | 9901 | €13,821 | -€9,656 | -€23,477 | |
| Financial income | 75/76B | €12 | €2 | -€9 | -79.6% |
| Recurring financial income | 75 | €12 | €2 | -€9 | -79.6% |
| Financial charges | 65/66B | €892 | €923 | +€31 | +3.5% |
| Recurring financial charges | 65 | €892 | €923 | +€31 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €12,940 | -€10,577 | -€23,518 | |
| Profit (loss) for the period | 9904 | €12,940 | -€10,577 | -€23,518 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,940 | -€10,577 | -€23,518 |
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.