ANT2012: what changed
Two fiscal 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.
ANT2012
Largest movements
- Stocks and contracts -€15,170
down €15,170 (-6.5%), from €232,752 to €217,582
- Receivables within one year -€14,880
down €14,880 (-12.8%), from €116,517 to €101,637
of which Other amounts receivable: -€7,618
- Tangible fixed assets -€13,962
down €13,962 (-3.8%), from €368,391 to €354,429
of which Plant, machinery and equipment: -€12,835
- Deferred charges and accrued income +€11,282
up €11,282 (+524.7%), from €2,150 to €13,432
- Current portion of long-term debt -€75,249
down €75,249 (-67.7%), from €111,164 to €35,915
- Reserves +€69,447
up €69,447 (+26.6%), from €261,208 to €330,655
of which Distributable reserves: +€69,447
- Debts after one year -€27,809
down €27,809 (-32.1%), from €86,675 to €58,866
- Trade debts -€8,584
down €8,584 (-6.8%), from €126,050 to €117,466
- Turnover +€4.5m
new in 2025: €4.5m
- Purchases and services +€3.9m
new in 2025: €3.9m
- Staff costs +€49,248
up €49,248 (+12.0%), from €410,633 to €459,881
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 | €803,435 | €770,543 | -€32,892 | -4.1% |
| Formation expenses | 20 | €1,525 | €1,256 | -€269 | -17.6% |
| Fixed assets | 21/28 | €369,672 | €355,710 | -€13,962 | -3.8% |
| Tangible fixed assets | 22/27 | €368,391 | €354,429 | -€13,962 | -3.8% |
| Plant, machinery and equipment | 23 | €294,052 | €281,217 | -€12,835 | -4.4% |
| Furniture and vehicles | 24 | €74,339 | €73,212 | -€1,127 | -1.5% |
| Financial fixed assets | 28 | €1,281 | €1,281 | = | 0.0% |
| Current assets | 29/58 | €432,238 | €413,577 | -€18,661 | -4.3% |
| Stocks and contracts in progress | 3 | €232,752 | €217,582 | -€15,170 | -6.5% |
| Stocks | 30/36 | €232,752 | €217,582 | -€15,170 | -6.5% |
| Amounts receivable within one year | 40/41 | €116,517 | €101,637 | -€14,880 | -12.8% |
| Trade receivables | 40 | €60,302 | €53,040 | -€7,262 | -12.0% |
| Other amounts receivable | 41 | €56,215 | €48,597 | -€7,618 | -13.6% |
| Cash at bank and in hand | 54/58 | €80,819 | €80,926 | +€107 | +0.1% |
| Deferred charges and accrued income | 490/1 | €2,150 | €13,432 | +€11,282 | +524.7% |
| Total equity and liabilities | 10/49 | €803,435 | €770,543 | -€32,892 | -4.1% |
| Equity | 10/15 | €416,208 | €485,655 | +€69,447 | +16.7% |
| Contributions | 10/11 | €155,000 | €155,000 | = | 0.0% |
| Capital | 10 | €155,000 | - | -€155,000 | |
| Issued capital | 100 | €155,000 | - | -€155,000 | |
| Outside capital | 11 | - | €155,000 | +€155,000 | |
| Other | 1109/19 | - | €155,000 | +€155,000 | |
| Reserves | 13 | €261,208 | €330,655 | +€69,447 | +26.6% |
| Non-distributable reserves | 130/1 | €15,500 | €15,500 | = | 0.0% |
| Legal reserve | 130 | €15,500 | €0 | -€15,500 | -100.0% |
| Reserves not available under the articles | 1311 | - | €15,500 | +€15,500 | |
| Distributable reserves | 133 | €245,708 | €315,155 | +€69,447 | +28.3% |
| Amounts payable | 17/49 | €387,227 | €284,888 | -€102,339 | -26.4% |
| Amounts payable after more than one year | 17 | €86,675 | €58,866 | -€27,809 | -32.1% |
| Financial debts | 170/4 | €86,675 | €58,866 | -€27,809 | -32.1% |
| Amounts payable within one year | 42/48 | €284,040 | €202,979 | -€81,061 | -28.5% |
| Current portion of amounts payable after more than one year | 42 | €111,164 | €35,915 | -€75,249 | -67.7% |
| Trade debts | 44 | €126,050 | €117,466 | -€8,584 | -6.8% |
| Suppliers | 440/4 | €126,050 | €117,466 | -€8,584 | -6.8% |
| Taxes, remuneration and social security | 45 | €46,026 | €49,598 | +€3,572 | +7.8% |
| Taxes | 450/3 | €4,089 | €0 | -€4,089 | -100.0% |
| Remuneration and social security | 454/9 | €41,937 | €49,598 | +€7,661 | +18.3% |
| Other amounts payable | 47/48 | €800 | €0 | -€800 | -100.0% |
| Accrued charges and deferred income | 492/3 | €16,512 | €23,043 | +€6,531 | +39.6% |
| Turnover | 70 | - | €4,469,537 | +€4.5m | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €3,884,868 | +€3.9m | |
| Remuneration, social security and pensions | 62 | €410,633 | €459,881 | +€49,248 | +12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,647 | €46,379 | -€7,268 | -13.5% |
| Other operating charges | 640/8 | €1,950 | €13,928 | +€11,978 | +614.3% |
| Gross operating margin | 9900 | €592,636 | €627,102 | +€34,466 | +5.8% |
| Operating profit (loss) | 9901 | €126,406 | €106,914 | -€19,492 | -15.4% |
| Financial income | 75/76B | €6,036 | €822 | -€5,214 | -86.4% |
| Recurring financial income | 75 | €6,036 | €822 | -€5,214 | -86.4% |
| Financial charges | 65/66B | €15,830 | €14,195 | -€1,635 | -10.3% |
| Recurring financial charges | 65 | €15,830 | €14,195 | -€1,635 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | €116,612 | €93,541 | -€23,071 | -19.8% |
| Income taxes | 67/77 | €25,422 | €24,094 | -€1,328 | -5.2% |
| Profit (loss) for the period | 9904 | €91,190 | €69,447 | -€21,743 | -23.8% |
| Profit (loss) for the period to be appropriated | 9905 | €91,190 | €69,447 | -€21,743 | -23.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.