ANTAREM CONSEIL: 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.
ANTAREM CONSEIL
Largest movements
- Receivables after one year +€554,831
up €554,831 (+36.1%), from €1.5m to €2.1m
- Cash +€297,836
up €297,836 (+427%), from €69,770 to €367,606
mainly Net result for the year (+€720,425) and Other debts (+€406,612)
- Receivables within one year +€273,039
up €273,039 (+48.9%), from €557,806 to €830,844
of which Other amounts receivable: +€310,832
- Financial fixed assets +€215,112
up €215,112 (+6.2%), from €3.5m to €3.7m
- Tangible fixed assets -€194,593
down €194,593 (-94.5%), from €206,010 to €11,417
of which Assets under construction and advance payments: -€190,762
- Profit (loss) carried forward +€720,425
up €720,425 (+205%), from €351,115 to €1.1m
- Other debts +€406,612
up €406,612 (+17.7%), from €2.3m to €2.7m
- Financial income +€646,192
up €646,192 (+500%), from €129,328 to €775,520
- Gross operating margin +€62,796
up €62,796 (+179%), from €35,106 to €97,902
- Financial charges -€45,744
down €45,744 (-27.8%), from €164,381 to €118,637
- Taxes +€29,562
new in 2024: €29,562
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.
Derived cash bridge
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 | €6,048,064 | €7,188,438 | +€1.1m | +18.9% |
| Fixed assets | 21/28 | €3,684,887 | €3,705,406 | +€20,519 | +0.6% |
| Tangible fixed assets | 22/27 | €206,010 | €11,417 | -€194,593 | -94.5% |
| Other tangible fixed assets | 26 | €15,248 | €11,417 | -€3,831 | -25.1% |
| Assets under construction and advance payments | 27 | €190,762 | - | -€190,762 | |
| Financial fixed assets | 28 | €3,478,877 | €3,693,989 | +€215,112 | +6.2% |
| Current assets | 29/58 | €2,363,177 | €3,483,032 | +€1.1m | +47.4% |
| Amounts receivable after more than one year | 29 | €1,536,980 | €2,091,811 | +€554,831 | +36.1% |
| Other amounts receivable | 291 | €1,536,980 | €2,091,811 | +€554,831 | +36.1% |
| Amounts receivable within one year | 40/41 | €557,806 | €830,844 | +€273,039 | +48.9% |
| Trade receivables | 40 | €37,793 | - | -€37,793 | |
| Other amounts receivable | 41 | €520,013 | €830,844 | +€310,832 | +59.8% |
| Current investments | 50/53 | €192,770 | €192,770 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €69,770 | €367,606 | +€297,836 | +427% |
| Deferred charges and accrued income | 490/1 | €5,851 | - | -€5,851 | |
| Total equity and liabilities | 10/49 | €6,048,064 | €7,188,438 | +€1.1m | +18.9% |
| Equity | 10/15 | €2,205,931 | €2,926,355 | +€720,425 | +32.7% |
| Contributions | 10/11 | €170,000 | €170,000 | = | 0.0% |
| Reserves | 13 | €1,684,816 | €1,684,816 | = | 0.0% |
| Non-distributable reserves | 130/1 | €17,000 | €17,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €17,000 | €17,000 | = | 0.0% |
| Distributable reserves | 133 | €1,667,816 | €1,667,816 | = | 0.0% |
| Profit (loss) carried forward | 14 | €351,115 | €1,071,540 | +€720,425 | +205% |
| Amounts payable | 17/49 | €3,842,134 | €4,262,083 | +€419,949 | +10.9% |
| Amounts payable after more than one year | 17 | €1,441,318 | €1,441,318 | = | 0.0% |
| Financial debts | 170/4 | €1,441,318 | €1,441,318 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,400,816 | €2,820,765 | +€419,949 | +17.5% |
| Trade debts | 44 | €19,912 | €6,707 | -€13,205 | -66.3% |
| Suppliers | 440/4 | €19,912 | €6,707 | -€13,205 | -66.3% |
| Taxes, remuneration and social security | 45 | €80,196 | €106,739 | +€26,542 | +33.1% |
| Taxes | 450/3 | €80,196 | €106,739 | +€26,542 | +33.1% |
| Other amounts payable | 47/48 | €2,300,708 | €2,707,320 | +€406,612 | +17.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,831 | €3,831 | = | 0.0% |
| Other operating charges | 640/8 | €1,200 | €968 | -€233 | -19.4% |
| Gross operating margin | 9900 | €35,106 | €97,902 | +€62,796 | +179% |
| Operating profit (loss) | 9901 | €30,075 | €93,103 | +€63,029 | +210% |
| Financial income | 75/76B | €129,328 | €775,520 | +€646,192 | +500% |
| Recurring financial income | 75 | €129,328 | €775,520 | +€646,192 | +500% |
| Financial charges | 65/66B | €164,381 | €118,637 | -€45,744 | -27.8% |
| Recurring financial charges | 65 | €164,381 | €118,637 | -€45,744 | -27.8% |
| Profit (loss) for the period before taxes | 9903 | -€4,979 | €749,986 | +€754,965 | |
| Income taxes | 67/77 | - | €29,562 | +€29,562 | |
| Profit (loss) for the period | 9904 | -€4,979 | €720,425 | +€725,403 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,979 | €720,425 | +€725,403 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.