ANTAME: 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.
ANTAME
Largest movements
- Tangible fixed assets +€214,375
up €214,375 (+16.8%), from €1.3m to €1.5m
of which Land and buildings: +€883,202
- Current investments -€50,000
down €50,000 (-25.0%), from €200,000 to €150,000
- Cash -€27,325
down €27,325 (-27.7%), from €98,521 to €71,196
mainly Investment in fixed assets (net) (-€264,902) and Contributions, distributions and other (-€117,647)
- Trade debts +€98,172
up €98,172 (+1676.7%), from €5,855 to €104,027
- Other debts +€46,626
up €46,626 (+231.8%), from €20,111 to €66,736
- Debts after one year -€21,683
down €21,683 (-1.9%), from €1.1m to €1.1m
- Other operating charges -€66,603
down €66,603 (-64.8%), from €102,711 to €36,108
- Gross operating margin -€30,652
down €30,652 (-9.9%), from €309,643 to €278,991
- Depreciation +€17,584
up €17,584 (+53.4%), from €32,942 to €50,527
- Financial income -€5,945
down €5,945 (-71.6%), from €8,305 to €2,360
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 | €1,598,373 | €1,726,877 | +€128,504 | +8.0% |
| Fixed assets | 21/28 | €1,280,050 | €1,494,425 | +€214,375 | +16.7% |
| Tangible fixed assets | 22/27 | €1,278,550 | €1,492,925 | +€214,375 | +16.8% |
| Land and buildings | 22 | €584,057 | €1,467,259 | +€883,202 | +151.2% |
| Plant, machinery and equipment | 23 | €1,184 | €16,089 | +€14,905 | +1258.5% |
| Furniture and vehicles | 24 | €21,629 | €9,577 | -€12,052 | -55.7% |
| Assets under construction and advance payments | 27 | €671,680 | - | -€671,680 | |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €318,323 | €232,452 | -€85,871 | -27.0% |
| Amounts receivable within one year | 40/41 | €6,978 | - | -€6,978 | |
| Other amounts receivable | 41 | €6,978 | - | -€6,978 | |
| Current investments | 50/53 | €200,000 | €150,000 | -€50,000 | -25.0% |
| Cash at bank and in hand | 54/58 | €98,521 | €71,196 | -€27,325 | -27.7% |
| Deferred charges and accrued income | 490/1 | €12,823 | €11,256 | -€1,568 | -12.2% |
| Total equity and liabilities | 10/49 | €1,598,373 | €1,726,877 | +€128,504 | +8.0% |
| Equity | 10/15 | €336,027 | €339,178 | +€3,151 | +0.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €208,774 | €199,830 | -€8,944 | -4.3% |
| Distributable reserves | 133 | €208,774 | €199,830 | -€8,944 | -4.3% |
| Profit (loss) carried forward | 14 | €108,703 | €120,798 | +€12,095 | +11.1% |
| Amounts payable | 17/49 | €1,262,346 | €1,387,699 | +€125,353 | +9.9% |
| Amounts payable after more than one year | 17 | €1,141,266 | €1,119,583 | -€21,683 | -1.9% |
| Financial debts | 170/4 | €1,141,266 | €1,119,583 | -€21,683 | -1.9% |
| Amounts payable within one year | 42/48 | €121,080 | €268,116 | +€147,036 | +121.4% |
| Current portion of amounts payable after more than one year | 42 | €80,097 | €81,683 | +€1,586 | +2.0% |
| Trade debts | 44 | €5,855 | €104,027 | +€98,172 | +1676.7% |
| Suppliers | 440/4 | €5,855 | €104,027 | +€98,172 | +1676.7% |
| Taxes, remuneration and social security | 45 | €15,017 | €15,670 | +€653 | +4.3% |
| Taxes | 450/3 | €15,017 | €15,670 | +€653 | +4.3% |
| Other amounts payable | 47/48 | €20,111 | €66,736 | +€46,626 | +231.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,942 | €50,527 | +€17,584 | +53.4% |
| Other operating charges | 640/8 | €102,711 | €36,108 | -€66,603 | -64.8% |
| Non-recurring operating charges | 66A | €3,100 | - | -€3,100 | |
| Gross operating margin | 9900 | €309,643 | €278,991 | -€30,652 | -9.9% |
| Operating profit (loss) | 9901 | €170,890 | €192,356 | +€21,467 | +12.6% |
| Financial income | 75/76B | €8,305 | €2,360 | -€5,945 | -71.6% |
| Recurring financial income | 75 | €8,305 | €2,360 | -€5,945 | -71.6% |
| Financial charges | 65/66B | €36,924 | €37,721 | +€797 | +2.2% |
| Recurring financial charges | 65 | €36,924 | €37,721 | +€797 | +2.2% |
| Profit (loss) for the period before taxes | 9903 | €142,271 | €156,996 | +€14,725 | +10.4% |
| Income taxes | 67/77 | €33,567 | €36,198 | +€2,630 | +7.8% |
| Profit (loss) for the period | 9904 | €108,703 | €120,798 | +€12,095 | +11.1% |
| Profit (loss) for the period to be appropriated | 9905 | €108,703 | €120,798 | +€12,095 | +11.1% |
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 10 October 2026 via checked.be.