ANT WORKS: 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 WORKS
Largest movements
- Tangible fixed assets -€5,663
down €5,663 (-10.1%), from €55,876 to €50,213
of which Land and buildings: -€3,819
- Receivables within one year +€1,387
up €1,387 (+22.0%), from €6,302 to €7,689
of which Trade receivables: +€7,689
- Other debts -€20,085
down €20,085 (-95.7%), from €20,982 to €897
- Profit (loss) carried forward +€17,285
up €17,285 (+66.4%), from €26,037 to €43,322
- Current portion of long-term debt -€3,123
no longer reported in 2025 (was €3,123)
- Tax, wage and social debts +€2,907
up €2,907 (+40.7%), from €7,148 to €10,055
- Gross operating margin +€10,615
up €10,615 (+38.6%), from €27,517 to €38,132
- Taxes +€4,119
up €4,119 (+70.3%), from €5,857 to €9,976
- Other operating charges -€3,117
down €3,117 (-40.1%), from €7,783 to €4,666
- Depreciation -€547
down €547 (-8.8%), from €6,210 to €5,663
- Financial charges -€528
down €528 (-49.3%), from €1,070 to €542
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 | €80,411 | €76,821 | -€3,590 | -4.5% |
| Fixed assets | 21/28 | €57,076 | €51,413 | -€5,663 | -9.9% |
| Tangible fixed assets | 22/27 | €55,876 | €50,213 | -€5,663 | -10.1% |
| Land and buildings | 22 | €50,944 | €47,125 | -€3,819 | -7.5% |
| Furniture and vehicles | 24 | €4,932 | €3,088 | -€1,844 | -37.4% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €23,335 | €25,407 | +€2,073 | +8.9% |
| Amounts receivable within one year | 40/41 | €6,302 | €7,689 | +€1,387 | +22.0% |
| Trade receivables | 40 | - | €7,689 | +€7,689 | |
| Other amounts receivable | 41 | €6,302 | - | -€6,302 | |
| Cash at bank and in hand | 54/58 | €16,058 | €16,719 | +€661 | +4.1% |
| Deferred charges and accrued income | 490/1 | €975 | €999 | +€25 | +2.5% |
| Total equity and liabilities | 10/49 | €80,411 | €76,821 | -€3,590 | -4.5% |
| Equity | 10/15 | €46,497 | €63,782 | +€17,285 | +37.2% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,037 | €43,322 | +€17,285 | +66.4% |
| Amounts payable | 17/49 | €33,914 | €13,039 | -€20,876 | -61.6% |
| Amounts payable within one year | 42/48 | €33,914 | €13,039 | -€20,876 | -61.6% |
| Current portion of amounts payable after more than one year | 42 | €3,123 | - | -€3,123 | |
| Trade debts | 44 | €2,661 | €2,087 | -€574 | -21.6% |
| Suppliers | 440/4 | €2,661 | €2,087 | -€574 | -21.6% |
| Taxes, remuneration and social security | 45 | €7,148 | €10,055 | +€2,907 | +40.7% |
| Taxes | 450/3 | €7,148 | €10,055 | +€2,907 | +40.7% |
| Other amounts payable | 47/48 | €20,982 | €897 | -€20,085 | -95.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,210 | €5,663 | -€547 | -8.8% |
| Other operating charges | 640/8 | €7,783 | €4,666 | -€3,117 | -40.1% |
| Gross operating margin | 9900 | €27,517 | €38,132 | +€10,615 | +38.6% |
| Operating profit (loss) | 9901 | €13,524 | €27,803 | +€14,279 | +106% |
| Financial charges | 65/66B | €1,070 | €542 | -€528 | -49.3% |
| Recurring financial charges | 65 | €1,070 | €542 | -€528 | -49.3% |
| Profit (loss) for the period before taxes | 9903 | €12,455 | €27,261 | +€14,807 | +119% |
| Income taxes | 67/77 | €5,857 | €9,976 | +€4,119 | +70.3% |
| Profit (loss) for the period | 9904 | €6,598 | €17,285 | +€10,687 | +162% |
| Profit (loss) for the period to be appropriated | 9905 | €6,598 | €17,285 | +€10,687 | +162% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.