ANTAK: 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.
ANTAK
Largest movements
- Tangible fixed assets +€85,855
up €85,855 (+37.3%), from €229,886 to €315,741
of which Furniture and vehicles: +€72,658
- Receivables within one year -€79,729
down €79,729 (-21.7%), from €367,017 to €287,288
of which Trade receivables: -€68,807
- Cash -€32,679
down €32,679 (-31.7%), from €103,162 to €70,483
mainly Other debts (-€193,899) and Investment in fixed assets (net) (-€148,460)
- Deferred charges and accrued income -€14,433
down €14,433 (-68.4%), from €21,095 to €6,662
- Other debts -€193,899
down €193,899 (-87.0%), from €222,866 to €28,967
- Accrued charges and deferred income +€120,629
new in 2025: €120,629
- Trade debts -€114,580
down €114,580 (-36.0%), from €318,063 to €203,483
- Debts after one year +€80,750
up €80,750 (+74.3%), from €108,703 to €189,453
- Investment grants +€53,792
new in 2025: €53,792
- Gross operating margin +€64,925
up €64,925 (+15.0%), from €431,719 to €496,645
- Depreciation +€38,767
up €38,767 (+162.6%), from €23,838 to €62,605
- Staff costs +€25,949
up €25,949 (+6.7%), from €388,586 to €414,535
- Financial charges +€10,287
up €10,287 (+335.9%), from €3,062 to €13,349
- Financial income +€5,142
up €5,142 (+186.5%), from €2,757 to €7,899
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 | €749,649 | €701,311 | -€48,338 | -6.4% |
| Fixed assets | 21/28 | €229,886 | €315,741 | +€85,855 | +37.3% |
| Tangible fixed assets | 22/27 | €229,886 | €315,741 | +€85,855 | +37.3% |
| Furniture and vehicles | 24 | €178,652 | €251,310 | +€72,658 | +40.7% |
| Other tangible fixed assets | 26 | €51,235 | €64,432 | +€13,197 | +25.8% |
| Current assets | 29/58 | €519,763 | €385,570 | -€134,193 | -25.8% |
| Stocks and contracts in progress | 3 | €8,565 | €1,213 | -€7,352 | -85.8% |
| Stocks | 30/36 | €8,565 | €1,213 | -€7,352 | -85.8% |
| Amounts receivable within one year | 40/41 | €367,017 | €287,288 | -€79,729 | -21.7% |
| Trade receivables | 40 | €350,852 | €282,045 | -€68,807 | -19.6% |
| Other amounts receivable | 41 | €16,165 | €5,243 | -€10,922 | -67.6% |
| Current investments | 50/53 | €19,923 | €19,923 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €103,162 | €70,483 | -€32,679 | -31.7% |
| Deferred charges and accrued income | 490/1 | €21,095 | €6,662 | -€14,433 | -68.4% |
| Total equity and liabilities | 10/49 | €749,649 | €701,311 | -€48,338 | -6.4% |
| Equity | 10/15 | €37,737 | €104,586 | +€66,849 | +177.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €21,923 | €21,923 | = | 0.0% |
| Non-distributable reserves | 130/1 | €21,923 | €21,923 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Own shares acquired | 1312 | €19,923 | €19,923 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,186 | €8,871 | +€13,057 | |
| Investment grants | 15 | - | €53,792 | +€53,792 | |
| Amounts payable | 17/49 | €711,912 | €596,725 | -€115,187 | -16.2% |
| Amounts payable after more than one year | 17 | €108,703 | €189,453 | +€80,750 | +74.3% |
| Financial debts | 170/4 | €108,703 | €189,453 | +€80,750 | +74.3% |
| Amounts payable within one year | 42/48 | €603,209 | €286,643 | -€316,566 | -52.5% |
| Current portion of amounts payable after more than one year | 42 | €20,180 | €37,996 | +€17,816 | +88.3% |
| Trade debts | 44 | €318,063 | €203,483 | -€114,580 | -36.0% |
| Suppliers | 440/4 | €318,063 | €203,483 | -€114,580 | -36.0% |
| Taxes, remuneration and social security | 45 | €42,100 | €16,197 | -€25,903 | -61.5% |
| Remuneration and social security | 454/9 | €42,100 | €16,197 | -€25,903 | -61.5% |
| Other amounts payable | 47/48 | €222,866 | €28,967 | -€193,899 | -87.0% |
| Accrued charges and deferred income | 492/3 | - | €120,629 | +€120,629 | |
| Remuneration, social security and pensions | 62 | €388,586 | €414,535 | +€25,949 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,838 | €62,605 | +€38,767 | +162.6% |
| Other operating charges | 640/8 | €2,936 | €998 | -€1,938 | -66.0% |
| Gross operating margin | 9900 | €431,719 | €496,645 | +€64,925 | +15.0% |
| Operating profit (loss) | 9901 | €16,360 | €18,507 | +€2,147 | +13.1% |
| Financial income | 75/76B | €2,757 | €7,899 | +€5,142 | +186.5% |
| Recurring financial income | 75 | €2,757 | €7,899 | +€5,142 | +186.5% |
| Financial charges | 65/66B | €3,062 | €13,349 | +€10,287 | +335.9% |
| Recurring financial charges | 65 | €3,062 | €13,349 | +€10,287 | +335.9% |
| Profit (loss) for the period before taxes | 9903 | €16,055 | €13,057 | -€2,998 | -18.7% |
| Profit (loss) for the period | 9904 | €16,055 | €13,057 | -€2,998 | -18.7% |
| Profit (loss) for the period to be appropriated | 9905 | €16,055 | €13,057 | -€2,998 | -18.7% |
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 12 October 2026 via checked.be.