ANT Holding: 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.
ANT Holding
Largest movements
- Receivables within one year +€12,000
up €12,000, from €0 to €12,000
of which Trade receivables: +€12,000
- Tangible fixed assets -€5,868
down €5,868 (-37.5%), from €15,640 to €9,773
- Cash -€1,105
down €1,105 (-27.9%), from €3,958 to €2,853
mainly Receivables within one year (-€12,000) and Trade debts (-€10,354)
- Profit (loss) carried forward +€21,266
up €21,266 (+80.4%), from -€26,443 to -€5,176
- Trade debts -€10,354
down €10,354 (-97.7%), from €10,593 to €240
- Debts after one year -€5,968
down €5,968 (-100.0%), from €5,968 to €0
- Tax, wage and social debts -€2,041
down €2,041 (-84.9%), from €2,404 to €363
- Other debts +€1,536
up €1,536 (+7.2%), from €21,258 to €22,794
- Gross operating margin +€48,316
up €48,316, from -€19,729 to €28,587
- Other operating charges +€704
up €704 (+332.8%), from €212 to €916
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 | €20,907 | €25,932 | +€5,025 | +24.0% |
| Fixed assets | 21/28 | €15,640 | €9,773 | -€5,868 | -37.5% |
| Tangible fixed assets | 22/27 | €15,640 | €9,773 | -€5,868 | -37.5% |
| Furniture and vehicles | 24 | €15,640 | €9,773 | -€5,868 | -37.5% |
| Current assets | 29/58 | €5,267 | €16,160 | +€10,893 | +206.8% |
| Amounts receivable within one year | 40/41 | €0 | €12,000 | +€12,000 | |
| Trade receivables | 40 | - | €12,000 | +€12,000 | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €3,958 | €2,853 | -€1,105 | -27.9% |
| Deferred charges and accrued income | 490/1 | €1,309 | €1,307 | -€2 | -0.1% |
| Total equity and liabilities | 10/49 | €20,907 | €25,932 | +€5,025 | +24.0% |
| Equity | 10/15 | -€25,443 | -€4,176 | +€21,266 | +83.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,443 | -€5,176 | +€21,266 | +80.4% |
| Amounts payable | 17/49 | €46,350 | €30,109 | -€16,241 | -35.0% |
| Amounts payable after more than one year | 17 | €5,968 | €0 | -€5,968 | -100.0% |
| Financial debts | 170/4 | €5,968 | €0 | -€5,968 | -100.0% |
| Amounts payable within one year | 42/48 | €40,382 | €30,109 | -€10,273 | -25.4% |
| Current portion of amounts payable after more than one year | 42 | €5,755 | €5,968 | +€213 | +3.7% |
| Financial debts | 43 | €373 | €745 | +€372 | +99.9% |
| Credit institutions | 430/8 | €373 | €745 | +€372 | +99.9% |
| Trade debts | 44 | €10,593 | €240 | -€10,354 | -97.7% |
| Suppliers | 440/4 | €10,593 | €240 | -€10,354 | -97.7% |
| Taxes, remuneration and social security | 45 | €2,404 | €363 | -€2,041 | -84.9% |
| Taxes | 450/3 | €2,404 | €363 | -€2,041 | -84.9% |
| Other amounts payable | 47/48 | €21,258 | €22,794 | +€1,536 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,662 | €5,868 | +€205 | +3.6% |
| Other operating charges | 640/8 | €212 | €916 | +€704 | +332.8% |
| Gross operating margin | 9900 | -€19,729 | €28,587 | +€48,316 | |
| Operating profit (loss) | 9901 | -€25,603 | €21,804 | +€47,406 | |
| Financial charges | 65/66B | €708 | €432 | -€276 | -39.0% |
| Recurring financial charges | 65 | €708 | €432 | -€276 | -39.0% |
| Profit (loss) for the period before taxes | 9903 | -€26,311 | €21,372 | +€47,683 | |
| Income taxes | 67/77 | €128 | €105 | -€23 | -17.7% |
| Profit (loss) for the period | 9904 | -€26,439 | €21,266 | +€47,705 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,439 | €21,266 | +€47,705 |
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.