ANT PAINT: 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 PAINT
Largest movements
- Receivables within one year +€26,448
up €26,448 (+426%), from €6,205 to €32,653
of which Trade receivables: +€24,582
- Cash -€2,556
down €2,556 (-57.9%), from €4,417 to €1,861
mainly Receivables within one year (-€26,448) and Deferred charges and accrued income (-€1,169)
- Tangible fixed assets -€2,438
down €2,438 (-28.1%), from €8,667 to €6,229
- Deferred charges and accrued income +€1,169
up €1,169 (+83.6%), from €1,398 to €2,568
- Profit (loss) carried forward +€14,634
up €14,634 (+173%), from €8,473 to €23,107
- Advances received +€4,351
new in 2025: €4,351
- Tax, wage and social debts +€2,748
up €2,748 (+90.2%), from €3,048 to €5,796
- Trade debts +€542
up €542 (+19.0%), from €2,859 to €3,401
- Gross operating margin +€11,202
up €11,202 (+91.6%), from €12,228 to €23,430
- Other operating charges +€1,606
up €1,606 (+369%), from €435 to €2,040
- Taxes +€1,560
up €1,560 (+73.6%), from €2,118 to €3,678
- Depreciation +€1,354
up €1,354 (+125%), from €1,083 to €2,438
- Staff costs +€530
new in 2025: €530
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 | €20,687 | €43,311 | +€22,624 | +109% |
| Fixed assets | 21/28 | €8,667 | €6,229 | -€2,438 | -28.1% |
| Tangible fixed assets | 22/27 | €8,667 | €6,229 | -€2,438 | -28.1% |
| Furniture and vehicles | 24 | €8,667 | €6,229 | -€2,438 | -28.1% |
| Current assets | 29/58 | €12,020 | €37,081 | +€25,061 | +208% |
| Amounts receivable within one year | 40/41 | €6,205 | €32,653 | +€26,448 | +426% |
| Trade receivables | 40 | €1,205 | €25,787 | +€24,582 | +2,040% |
| Other amounts receivable | 41 | €5,000 | €6,866 | +€1,866 | +37.3% |
| Cash at bank and in hand | 54/58 | €4,417 | €1,861 | -€2,556 | -57.9% |
| Deferred charges and accrued income | 490/1 | €1,398 | €2,568 | +€1,169 | +83.6% |
| Total equity and liabilities | 10/49 | €20,687 | €43,311 | +€22,624 | +109% |
| Equity | 10/15 | €13,473 | €28,107 | +€14,634 | +109% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,473 | €23,107 | +€14,634 | +173% |
| Amounts payable | 17/49 | €7,214 | €15,203 | +€7,990 | +111% |
| Amounts payable within one year | 42/48 | €7,214 | €15,203 | +€7,990 | +111% |
| Trade debts | 44 | €2,859 | €3,401 | +€542 | +19.0% |
| Suppliers | 440/4 | €2,859 | €3,401 | +€542 | +19.0% |
| Advances received on contracts in progress | 46 | - | €4,351 | +€4,351 | |
| Taxes, remuneration and social security | 45 | €3,048 | €5,796 | +€2,748 | +90.2% |
| Taxes | 450/3 | €3,048 | €5,796 | +€2,748 | +90.2% |
| Other amounts payable | 47/48 | €1,307 | €1,655 | +€349 | +26.7% |
| Remuneration, social security and pensions | 62 | - | €530 | +€530 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,083 | €2,438 | +€1,354 | +125% |
| Other operating charges | 640/8 | €435 | €2,040 | +€1,606 | +369% |
| Gross operating margin | 9900 | €12,228 | €23,430 | +€11,202 | +91.6% |
| Operating profit (loss) | 9901 | €10,710 | €18,423 | +€7,713 | +72.0% |
| Financial income | 75/76B | €10 | - | -€10 | |
| Recurring financial income | 75 | €10 | - | -€10 | |
| Financial charges | 65/66B | €129 | €111 | -€18 | -14.2% |
| Recurring financial charges | 65 | €129 | €111 | -€18 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | €10,591 | €18,312 | +€7,721 | +72.9% |
| Income taxes | 67/77 | €2,118 | €3,678 | +€1,560 | +73.6% |
| Profit (loss) for the period | 9904 | €8,473 | €14,634 | +€6,161 | +72.7% |
| Profit (loss) for the period to be appropriated | 9905 | €8,473 | €14,634 | +€6,161 | +72.7% |
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 16 October 2026 via checked.be.