ANTAE: 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.
ANTAE
Largest movements
- Tangible fixed assets -€17,570
down €17,570 (-7.2%), from €243,022 to €225,452
of which Land and buildings: -€15,281
- Cash +€13,861
up €13,861 (+473.9%), from €2,925 to €16,786
mainly Debts after one year (+€38,166) and Depreciation (+€17,570)
- Receivables within one year -€10,902
down €10,902 (-9.8%), from €111,486 to €100,584
of which Trade receivables: -€16,529
- Profit (loss) carried forward -€52,337
down €52,337 (-31.4%), from €166,805 to €114,468
- Debts after one year +€38,166
up €38,166 (+30.6%), from €124,894 to €163,060
of which Other amounts payable: +€48,840
- Gross operating margin -€81,843
down €81,843, from €66,346 to -€15,497
- Staff costs -€23,127
down €23,127 (-70.3%), from €32,883 to €9,756
- Taxes -€2,215
down €2,215 (-92.3%), from €2,400 to €185
- Other operating charges -€1,452
down €1,452 (-49.1%), from €2,958 to €1,506
- Depreciation -€1,255
down €1,255 (-6.7%), from €18,825 to €17,570
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €383,069 | €371,466 | -€11,603 | -3.0% |
| Fixed assets | 21/28 | €243,612 | €225,952 | -€17,660 | -7.2% |
| Tangible fixed assets | 22/27 | €243,022 | €225,452 | -€17,570 | -7.2% |
| Land and buildings | 22 | €239,012 | €223,731 | -€15,281 | -6.4% |
| Plant, machinery and equipment | 23 | €4,010 | €1,721 | -€2,289 | -57.1% |
| Financial fixed assets | 28 | €590 | €500 | -€90 | -15.3% |
| Current assets | 29/58 | €139,457 | €145,514 | +€6,057 | +4.3% |
| Amounts receivable within one year | 40/41 | €111,486 | €100,584 | -€10,902 | -9.8% |
| Trade receivables | 40 | €83,273 | €66,744 | -€16,529 | -19.8% |
| Other amounts receivable | 41 | €28,213 | €33,840 | +€5,627 | +19.9% |
| Current investments | 50/53 | €25,046 | €28,144 | +€3,098 | +12.4% |
| Cash at bank and in hand | 54/58 | €2,925 | €16,786 | +€13,861 | +473.9% |
| Total equity and liabilities | 10/49 | €383,069 | €371,466 | -€11,603 | -3.0% |
| Equity | 10/15 | €235,155 | €185,454 | -€49,701 | -21.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Revaluation surpluses | 12 | - | €2,636 | +€2,636 | |
| Reserves | 13 | €48,350 | €48,350 | = | 0.0% |
| Non-distributable reserves | 130/1 | €14,600 | €14,600 | = | 0.0% |
| Reserves not available under the articles | 1311 | €14,600 | €14,600 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €166,805 | €114,468 | -€52,337 | -31.4% |
| Amounts payable | 17/49 | €147,914 | €186,012 | +€38,098 | +25.8% |
| Amounts payable after more than one year | 17 | €124,894 | €163,060 | +€38,166 | +30.6% |
| Financial debts | 170/4 | €82,233 | €71,559 | -€10,674 | -13.0% |
| Other amounts payable | 178/9 | €42,661 | €91,501 | +€48,840 | +114.5% |
| Amounts payable within one year | 42/48 | €23,020 | €22,952 | -€68 | -0.3% |
| Current portion of amounts payable after more than one year | 42 | €14,155 | €14,416 | +€261 | +1.8% |
| Financial debts | 43 | €3,505 | €4,400 | +€895 | +25.5% |
| Credit institutions | 430/8 | €3,505 | €4,400 | +€895 | +25.5% |
| Trade debts | 44 | €5,360 | €4,136 | -€1,224 | -22.8% |
| Suppliers | 440/4 | €5,360 | €4,136 | -€1,224 | -22.8% |
| Remuneration, social security and pensions | 62 | €32,883 | €9,756 | -€23,127 | -70.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,825 | €17,570 | -€1,255 | -6.7% |
| Other operating charges | 640/8 | €2,958 | €1,506 | -€1,452 | -49.1% |
| Gross operating margin | 9900 | €66,346 | -€15,497 | -€81,843 | |
| Operating profit (loss) | 9901 | €11,680 | -€44,329 | -€56,009 | |
| Financial income | 75/76B | €81 | €90 | +€9 | +11.1% |
| Recurring financial income | 75 | €81 | €90 | +€9 | +11.1% |
| Financial charges | 65/66B | €6,816 | €7,913 | +€1,097 | +16.1% |
| Recurring financial charges | 65 | €6,816 | €7,913 | +€1,097 | +16.1% |
| Profit (loss) for the period before taxes | 9903 | €4,945 | -€52,152 | -€57,097 | |
| Income taxes | 67/77 | €2,400 | €185 | -€2,215 | -92.3% |
| Profit (loss) for the period | 9904 | €2,545 | -€52,337 | -€54,882 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,545 | -€52,337 | -€54,882 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.