ANTARES SGC: what changed
ANTARES SGC
Largest movements
- Receivables within one year -€21,155
down €21,155 (-43.9%), from €48,170 to €27,014
- Cash +€16,750
up €16,750 (+388%), from €4,315 to €21,065
mainly Receivables within one year (+€21,155) and Net result for the year (+€4,045)
- Tangible fixed assets -€982
down €982 (-50.7%), from €1,936 to €954
of which Furniture and vehicles: -€682
- Other debts -€11,096
down €11,096 (-89.0%), from €12,464 to €1,368
- Reserves +€4,000
up €4,000 (+23.4%), from €17,100 to €21,100
- Tax, wage and social debts +€1,927
up €1,927 (+40.5%), from €4,756 to €6,683
- Gross operating margin -€1,400
down €1,400 (-15.6%), from €8,996 to €7,596
- Taxes -€1,186
down €1,186 (-32.1%), from €3,697 to €2,511
- Other operating charges -€377
no longer reported in 2025 (was €377)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €54,421 | €49,033 | -€5,388 | -9.9% |
| Fixed assets | 21/28 | €1,936 | €954 | -€982 | -50.7% |
| Tangible fixed assets | 22/27 | €1,936 | €954 | -€982 | -50.7% |
| Furniture and vehicles | 24 | €1,036 | €354 | -€682 | -65.8% |
| Other tangible fixed assets | 26 | €900 | €600 | -€300 | -33.3% |
| Current assets | 29/58 | €52,484 | €48,079 | -€4,405 | -8.4% |
| Amounts receivable within one year | 40/41 | €48,170 | €27,014 | -€21,155 | -43.9% |
| Trade receivables | 40 | €48,170 | €27,014 | -€21,155 | -43.9% |
| Cash at bank and in hand | 54/58 | €4,315 | €21,065 | +€16,750 | +388% |
| Total equity and liabilities | 10/49 | €54,421 | €49,033 | -€5,388 | -9.9% |
| Equity | 10/15 | €35,728 | €39,772 | +€4,045 | +11.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Share premium | 1100/10 | - | €18,600 | +€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €17,100 | €21,100 | +€4,000 | +23.4% |
| Distributable reserves | 133 | €17,100 | €21,100 | +€4,000 | +23.4% |
| Profit (loss) carried forward | 14 | €28 | €72 | +€45 | +162% |
| Amounts payable | 17/49 | €18,693 | €9,261 | -€9,432 | -50.5% |
| Amounts payable within one year | 42/48 | €18,693 | €9,261 | -€9,432 | -50.5% |
| Financial debts | 43 | €948 | €978 | +€29 | +3.1% |
| Credit institutions | 430/8 | €948 | €978 | +€29 | +3.1% |
| Trade debts | 44 | €525 | €231 | -€293 | -55.9% |
| Suppliers | 440/4 | €525 | €231 | -€293 | -55.9% |
| Taxes, remuneration and social security | 45 | €4,756 | €6,683 | +€1,927 | +40.5% |
| Taxes | 450/3 | €4,756 | €6,683 | +€1,927 | +40.5% |
| Other amounts payable | 47/48 | €12,464 | €1,368 | -€11,096 | -89.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,065 | €982 | -€83 | -7.8% |
| Other operating charges | 640/8 | €377 | - | -€377 | |
| Gross operating margin | 9900 | €8,996 | €7,596 | -€1,400 | -15.6% |
| Operating profit (loss) | 9901 | €7,554 | €6,614 | -€940 | -12.4% |
| Financial income | 75/76B | €0 | €0 | -€0 | -50.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -50.0% |
| Financial charges | 65/66B | €62 | €58 | -€4 | -5.8% |
| Recurring financial charges | 65 | €62 | €58 | -€4 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | €7,493 | €6,556 | -€937 | -12.5% |
| Income taxes | 67/77 | €3,697 | €2,511 | -€1,186 | -32.1% |
| Profit (loss) for the period | 9904 | €3,795 | €4,045 | +€250 | +6.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,795 | €4,045 | +€250 | +6.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.