ANTALES: 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.
ANTALES
Largest movements
- Tangible fixed assets -€38,891
down €38,891 (-30.6%), from €126,994 to €88,104
of which Furniture and vehicles: -€34,088
- Receivables within one year -€13,544
down €13,544 (-7.4%), from €181,953 to €168,409
of which Other amounts receivable: -€12,455
- Reserves -€80,437
down €80,437 (-56.8%), from €141,640 to €61,202
- Other debts +€64,219
up €64,219 (+266.9%), from €24,065 to €88,284
- Debts after one year -€36,591
down €36,591 (-41.1%), from €89,054 to €52,463
- Tax, wage and social debts -€5,000
down €5,000 (-23.0%), from €21,783 to €16,783
- Gross operating margin -€42,644
down €42,644 (-43.7%), from €97,601 to €54,957
- Taxes -€11,011
down €11,011 (-67.3%), from €16,363 to €5,352
- Financial charges -€1,081
down €1,081 (-21.9%), from €4,925 to €3,845
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 | €328,181 | €272,773 | -€55,407 | -16.9% |
| Fixed assets | 21/28 | €126,994 | €88,104 | -€38,891 | -30.6% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €126,994 | €88,104 | -€38,891 | -30.6% |
| Plant, machinery and equipment | 23 | €12,325 | €7,522 | -€4,803 | -39.0% |
| Furniture and vehicles | 24 | €114,669 | €80,581 | -€34,088 | -29.7% |
| Current assets | 29/58 | €201,186 | €184,670 | -€16,517 | -8.2% |
| Amounts receivable within one year | 40/41 | €181,953 | €168,409 | -€13,544 | -7.4% |
| Trade receivables | 40 | €108,784 | €107,694 | -€1,089 | -1.0% |
| Other amounts receivable | 41 | €73,169 | €60,714 | -€12,455 | -17.0% |
| Cash at bank and in hand | 54/58 | €9,981 | €9,203 | -€778 | -7.8% |
| Deferred charges and accrued income | 490/1 | €9,253 | €7,058 | -€2,194 | -23.7% |
| Total equity and liabilities | 10/49 | €328,181 | €272,773 | -€55,407 | -16.9% |
| Equity | 10/15 | €147,640 | €67,202 | -€80,437 | -54.5% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €141,640 | €61,202 | -€80,437 | -56.8% |
| Distributable reserves | 133 | €141,640 | €61,202 | -€80,437 | -56.8% |
| Amounts payable | 17/49 | €180,541 | €205,571 | +€25,030 | +13.9% |
| Amounts payable after more than one year | 17 | €89,054 | €52,463 | -€36,591 | -41.1% |
| Financial debts | 170/4 | €89,054 | €52,463 | -€36,591 | -41.1% |
| Amounts payable within one year | 42/48 | €91,487 | €153,108 | +€61,621 | +67.4% |
| Current portion of amounts payable after more than one year | 42 | €39,469 | €39,523 | +€54 | +0.1% |
| Financial debts | 43 | €1,019 | €1,578 | +€560 | +54.9% |
| Credit institutions | 430/8 | €1,019 | €1,578 | +€560 | +54.9% |
| Trade debts | 44 | €5,151 | €6,940 | +€1,789 | +34.7% |
| Suppliers | 440/4 | €5,151 | €6,940 | +€1,789 | +34.7% |
| Taxes, remuneration and social security | 45 | €21,783 | €16,783 | -€5,000 | -23.0% |
| Taxes | 450/3 | €21,783 | €16,783 | -€5,000 | -23.0% |
| Other amounts payable | 47/48 | €24,065 | €88,284 | +€64,219 | +266.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,650 | €39,340 | +€691 | +1.8% |
| Other operating charges | 640/8 | €1,414 | €1,459 | +€45 | +3.2% |
| Non-recurring operating charges | 66A | €604 | €524 | -€80 | -13.3% |
| Gross operating margin | 9900 | €97,601 | €54,957 | -€42,644 | -43.7% |
| Operating profit (loss) | 9901 | €56,934 | €13,633 | -€43,300 | -76.1% |
| Financial income | 75/76B | €3,286 | €3,410 | +€124 | +3.8% |
| Recurring financial income | 75 | €3,286 | €3,410 | +€124 | +3.8% |
| Financial charges | 65/66B | €4,925 | €3,845 | -€1,081 | -21.9% |
| Recurring financial charges | 65 | €4,925 | €3,845 | -€1,081 | -21.9% |
| Profit (loss) for the period before taxes | 9903 | €55,295 | €13,199 | -€42,096 | -76.1% |
| Income taxes | 67/77 | €16,363 | €5,352 | -€11,011 | -67.3% |
| Profit (loss) for the period | 9904 | €38,931 | €7,846 | -€31,085 | -79.8% |
| Profit (loss) for the period to be appropriated | 9905 | €38,931 | €7,846 | -€31,085 | -79.8% |
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 9 October 2026 via checked.be.