ANTALMO: 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.
ANTALMO
Largest movements
- Tangible fixed assets -€331,622
down €331,622 (-34.5%), from €960,788 to €629,166
of which Land and buildings: -€328,581
- Receivables within one year +€61,927
up €61,927 (+153.6%), from €40,316 to €102,243
of which Trade receivables: +€51,370
- Debts after one year -€418,660
down €418,660 (-52.6%), from €795,431 to €376,771
- Profit (loss) carried forward +€141,939
up €141,939 (+56.8%), from -€250,093 to -€108,154
- Short-term financial debts +€20,093
new in 2025: €20,093
- Current portion of long-term debt -€13,998
down €13,998 (-35.5%), from €39,480 to €25,482
- Gross operating margin +€122,739
up €122,739 (+157.0%), from €78,176 to €200,915
- Depreciation -€16,959
down €16,959 (-38.9%), from €43,637 to €26,678
- Taxes +€12,242
new in 2025: €12,242
- Financial charges +€2,813
up €2,813 (+20.9%), from €13,489 to €16,302
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 | €1,003,921 | €733,126 | -€270,795 | -27.0% |
| Formation expenses | 20 | €472 | €295 | -€177 | -37.5% |
| Fixed assets | 21/28 | €960,788 | €629,166 | -€331,622 | -34.5% |
| Tangible fixed assets | 22/27 | €960,788 | €629,166 | -€331,622 | -34.5% |
| Land and buildings | 22 | €949,135 | €620,554 | -€328,581 | -34.6% |
| Plant, machinery and equipment | 23 | €6,925 | €5,804 | -€1,121 | -16.2% |
| Furniture and vehicles | 24 | €4,727 | €2,808 | -€1,919 | -40.6% |
| Current assets | 29/58 | €42,661 | €103,665 | +€61,004 | +143.0% |
| Amounts receivable within one year | 40/41 | €40,316 | €102,243 | +€61,927 | +153.6% |
| Trade receivables | 40 | €38,115 | €89,485 | +€51,370 | +134.8% |
| Other amounts receivable | 41 | €2,201 | €12,758 | +€10,557 | +479.7% |
| Cash at bank and in hand | 54/58 | €1,801 | €805 | -€996 | -55.3% |
| Deferred charges and accrued income | 490/1 | €545 | €618 | +€73 | +13.3% |
| Total equity and liabilities | 10/49 | €1,003,921 | €733,126 | -€270,795 | -27.0% |
| Equity | 10/15 | €159,802 | €301,742 | +€141,939 | +88.8% |
| Contributions | 10/11 | €119,750 | €119,750 | = | 0.0% |
| Reserves | 13 | €290,145 | €290,145 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,475 | €5,475 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,475 | €5,475 | = | 0.0% |
| Distributable reserves | 133 | €284,670 | €284,670 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€250,093 | -€108,154 | +€141,939 | +56.8% |
| Amounts payable | 17/49 | €844,119 | €431,385 | -€412,734 | -48.9% |
| Amounts payable after more than one year | 17 | €795,431 | €376,771 | -€418,660 | -52.6% |
| Financial debts | 170/4 | €795,431 | €376,771 | -€418,660 | -52.6% |
| Amounts payable within one year | 42/48 | €47,838 | €54,614 | +€6,776 | +14.2% |
| Current portion of amounts payable after more than one year | 42 | €39,480 | €25,482 | -€13,998 | -35.5% |
| Financial debts | 43 | - | €20,093 | +€20,093 | |
| Credit institutions | 430/8 | - | €20,093 | +€20,093 | |
| Trade debts | 44 | €206 | €1,035 | +€829 | +403.0% |
| Suppliers | 440/4 | €206 | €1,035 | +€829 | +403.0% |
| Taxes, remuneration and social security | 45 | €8,026 | €1,664 | -€6,363 | -79.3% |
| Taxes | 450/3 | €8,026 | €1,664 | -€6,363 | -79.3% |
| Other amounts payable | 47/48 | €126 | €6,340 | +€6,214 | +4936.6% |
| Accrued charges and deferred income | 492/3 | €850 | €0 | -€850 | -100.0% |
| Non-recurring operating income | 76A | - | €122,855 | +€122,855 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,637 | €26,678 | -€16,959 | -38.9% |
| Other operating charges | 640/8 | €3,388 | €3,754 | +€366 | +10.8% |
| Gross operating margin | 9900 | €78,176 | €200,915 | +€122,739 | +157.0% |
| Operating profit (loss) | 9901 | €31,151 | €170,483 | +€139,332 | +447.3% |
| Financial income | 75/76B | €24 | €0 | -€24 | -100.0% |
| Recurring financial income | 75 | €24 | €0 | -€24 | -100.0% |
| Financial charges | 65/66B | €13,489 | €16,302 | +€2,813 | +20.9% |
| Recurring financial charges | 65 | €13,489 | €16,302 | +€2,813 | +20.9% |
| Profit (loss) for the period before taxes | 9903 | €17,686 | €154,182 | +€136,496 | +771.8% |
| Income taxes | 67/77 | - | €12,242 | +€12,242 | |
| Profit (loss) for the period | 9904 | €17,686 | €141,939 | +€124,253 | +702.6% |
| Profit (loss) for the period to be appropriated | 9905 | €17,686 | €141,939 | +€124,253 | +702.6% |
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.