ANTAARA: 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.
ANTAARA
Largest movements
- Cash +€31,725
up €31,725 (+59.0%), from €53,756 to €85,482
mainly Net result for the year (+€42,987) and Other debts (+€26,609)
- Intangible fixed assets -€11,464
down €11,464 (-45.8%), from €25,006 to €13,542
- Receivables within one year +€5,913
up €5,913 (+11.0%), from €53,524 to €59,437
of which Other amounts receivable: +€4,835
- Deferred charges and accrued income -€5,262
down €5,262 (-18.8%), from €27,925 to €22,663
- Other debts +€26,609
up €26,609 (+38.1%), from €69,821 to €96,430
- Tax, wage and social debts -€3,510
down €3,510 (-33.4%), from €10,506 to €6,996
of which Taxes: -€5,274
- Gross operating margin +€4,122
up €4,122 (+5.9%), from €69,467 to €73,589
- Depreciation -€1,285
down €1,285 (-7.9%), from €16,341 to €15,056
- Financial charges +€848
up €848 (+26.1%), from €3,247 to €4,094
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 | €173,142 | €193,418 | +€20,276 | +11.7% |
| Fixed assets | 21/28 | €37,936 | €25,836 | -€12,100 | -31.9% |
| Intangible fixed assets | 21 | €25,006 | €13,542 | -€11,464 | -45.8% |
| Tangible fixed assets | 22/27 | €12,850 | €12,214 | -€636 | -4.9% |
| Furniture and vehicles | 24 | €2,707 | €3,557 | +€850 | +31.4% |
| Other tangible fixed assets | 26 | €10,143 | €8,657 | -€1,486 | -14.7% |
| Financial fixed assets | 28 | €80 | €80 | = | 0.0% |
| Current assets | 29/58 | €135,205 | €167,581 | +€32,376 | +23.9% |
| Amounts receivable within one year | 40/41 | €53,524 | €59,437 | +€5,913 | +11.0% |
| Trade receivables | 40 | €12,029 | €13,107 | +€1,078 | +9.0% |
| Other amounts receivable | 41 | €41,495 | €46,330 | +€4,835 | +11.7% |
| Cash at bank and in hand | 54/58 | €53,756 | €85,482 | +€31,725 | +59.0% |
| Deferred charges and accrued income | 490/1 | €27,925 | €22,663 | -€5,262 | -18.8% |
| Total equity and liabilities | 10/49 | €173,142 | €193,418 | +€20,276 | +11.7% |
| Equity | 10/15 | €86,258 | €86,258 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €67,658 | €67,658 | = | 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% |
| Distributable reserves | 133 | €65,798 | €65,798 | = | 0.0% |
| Amounts payable | 17/49 | €86,884 | €107,160 | +€20,276 | +23.3% |
| Amounts payable within one year | 42/48 | €84,998 | €106,531 | +€21,533 | +25.3% |
| Trade debts | 44 | €4,671 | €3,106 | -€1,566 | -33.5% |
| Suppliers | 440/4 | €4,671 | €3,106 | -€1,566 | -33.5% |
| Taxes, remuneration and social security | 45 | €10,506 | €6,996 | -€3,510 | -33.4% |
| Taxes | 450/3 | €5,274 | - | -€5,274 | |
| Remuneration and social security | 454/9 | €5,232 | €6,996 | +€1,764 | +33.7% |
| Other amounts payable | 47/48 | €69,821 | €96,430 | +€26,609 | +38.1% |
| Accrued charges and deferred income | 492/3 | €1,885 | €628 | -€1,257 | -66.7% |
| Non-recurring operating income | 76A | €41 | - | -€41 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,341 | €15,056 | -€1,285 | -7.9% |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Non-recurring operating charges | 66A | €1,449 | - | -€1,449 | |
| Gross operating margin | 9900 | €69,467 | €73,589 | +€4,122 | +5.9% |
| Operating profit (loss) | 9901 | €51,290 | €58,533 | +€7,243 | +14.1% |
| Financial income | 75/76B | €5 | - | -€5 | |
| Recurring financial income | 75 | €5 | - | -€5 | |
| Financial charges | 65/66B | €3,247 | €4,094 | +€848 | +26.1% |
| Recurring financial charges | 65 | €3,247 | €4,094 | +€848 | +26.1% |
| Profit (loss) for the period before taxes | 9903 | €48,049 | €54,439 | +€6,390 | +13.3% |
| Income taxes | 67/77 | €11,759 | €11,452 | -€307 | -2.6% |
| Profit (loss) for the period | 9904 | €36,290 | €42,987 | +€6,697 | +18.5% |
| Profit (loss) for the period to be appropriated | 9905 | €36,290 | €42,987 | +€6,697 | +18.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.