Antares Technology: 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.
Antares Technology
Largest movements
- Cash +€23,763
up €23,763 (+60.1%), from €39,547 to €63,310
mainly Other debts (+€74,271) and Net result for the year (+€32,764)
- Receivables within one year -€4,446
down €4,446 (-14.3%), from €31,024 to €26,578
of which Other amounts receivable: -€6,193
- Deferred charges and accrued income -€1,761
down €1,761 (-15.7%), from €11,220 to €9,459
- Other debts +€74,271
up €74,271 (+2385.7%), from €3,113 to €77,384
- Reserves -€64,881
down €64,881 (-97.2%), from €66,741 to €1,860
- Trade debts +€5,477
up €5,477 (+1733.3%), from €316 to €5,793
- Tax, wage and social debts +€2,988
up €2,988 (+62.8%), from €4,755 to €7,743
of which Remuneration and social security: +€2,458
- Gross operating margin +€10,264
up €10,264 (+28.2%), from €36,389 to €46,652
- Taxes +€1,797
up €1,797 (+23.0%), from €7,802 to €9,599
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 | €93,540 | €111,400 | +€17,860 | +19.1% |
| Fixed assets | 21/28 | €11,749 | €12,053 | +€304 | +2.6% |
| Tangible fixed assets | 22/27 | €11,539 | €11,843 | +€304 | +2.6% |
| Plant, machinery and equipment | 23 | €4,442 | €3,685 | -€757 | -17.0% |
| Furniture and vehicles | 24 | €7,097 | €8,158 | +€1,061 | +15.0% |
| Financial fixed assets | 28 | €210 | €210 | = | 0.0% |
| Current assets | 29/58 | €81,791 | €99,347 | +€17,556 | +21.5% |
| Amounts receivable within one year | 40/41 | €31,024 | €26,578 | -€4,446 | -14.3% |
| Trade receivables | 40 | €18,651 | €20,398 | +€1,747 | +9.4% |
| Other amounts receivable | 41 | €12,373 | €6,180 | -€6,193 | -50.1% |
| Cash at bank and in hand | 54/58 | €39,547 | €63,310 | +€23,763 | +60.1% |
| Deferred charges and accrued income | 490/1 | €11,220 | €9,459 | -€1,761 | -15.7% |
| Total equity and liabilities | 10/49 | €93,540 | €111,400 | +€17,860 | +19.1% |
| Equity | 10/15 | €85,341 | €20,460 | -€64,881 | -76.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €66,741 | €1,860 | -€64,881 | -97.2% |
| Distributable reserves | 133 | €66,741 | €1,860 | -€64,881 | -97.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €8,199 | €90,940 | +€82,742 | +1009.2% |
| Amounts payable within one year | 42/48 | €8,199 | €90,940 | +€82,742 | +1009.2% |
| Financial debts | 43 | €15 | €21 | +€6 | +40.0% |
| Credit institutions | 430/8 | €15 | €21 | +€6 | +40.0% |
| Trade debts | 44 | €316 | €5,793 | +€5,477 | +1733.3% |
| Suppliers | 440/4 | €316 | €5,793 | +€5,477 | +1733.3% |
| Taxes, remuneration and social security | 45 | €4,755 | €7,743 | +€2,988 | +62.8% |
| Taxes | 450/3 | €4,755 | €5,285 | +€530 | +11.2% |
| Remuneration and social security | 454/9 | - | €2,458 | +€2,458 | |
| Other amounts payable | 47/48 | €3,113 | €77,384 | +€74,271 | +2385.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,139 | €3,485 | +€346 | +11.0% |
| Other operating charges | 640/8 | €387 | €465 | +€78 | +20.2% |
| Gross operating margin | 9900 | €36,389 | €46,652 | +€10,264 | +28.2% |
| Operating profit (loss) | 9901 | €32,862 | €42,702 | +€9,839 | +29.9% |
| Financial income | 75/76B | €351 | €0 | -€351 | -100.0% |
| Recurring financial income | 75 | €351 | €0 | -€351 | -100.0% |
| Financial charges | 65/66B | €331 | €338 | +€7 | +2.2% |
| Recurring financial charges | 65 | €331 | €338 | +€7 | +2.2% |
| Profit (loss) for the period before taxes | 9903 | €32,882 | €42,363 | +€9,481 | +28.8% |
| Income taxes | 67/77 | €7,802 | €9,599 | +€1,797 | +23.0% |
| Profit (loss) for the period | 9904 | €25,080 | €32,764 | +€7,684 | +30.6% |
| Profit (loss) for the period to be appropriated | 9905 | €25,080 | €32,764 | +€7,684 | +30.6% |
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 8 October 2026 via checked.be.