ANTARIS: 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.
ANTARIS
Largest movements
- Tangible fixed assets -€47,482
down €47,482 (-7.5%), from €634,259 to €586,777
of which Land and buildings: -€28,182
- Debts after one year -€28,959
down €28,959 (-19.5%), from €148,296 to €119,337
of which Financial debts: -€21,755
- Reserves -€9,857
down €9,857 (-8.2%), from €119,655 to €109,798
- Profit (loss) carried forward -€7,289
down €7,289 (-83.5%), from -€8,728 to -€16,017
- Gross operating margin -€1,145
down €1,145 (-2.4%), from €47,846 to €46,701
- Other operating charges +€480
up €480 (+3.2%), from €15,232 to €15,712
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 | €637,534 | €588,868 | -€48,666 | -7.6% |
| Fixed assets | 21/28 | €634,259 | €586,777 | -€47,482 | -7.5% |
| Tangible fixed assets | 22/27 | €634,259 | €586,777 | -€47,482 | -7.5% |
| Land and buildings | 22 | €574,854 | €546,672 | -€28,182 | -4.9% |
| Plant, machinery and equipment | 23 | €9,882 | €6,001 | -€3,881 | -39.3% |
| Furniture and vehicles | 24 | €49,523 | €34,104 | -€15,419 | -31.1% |
| Current assets | 29/58 | €3,275 | €2,091 | -€1,184 | -36.2% |
| Cash at bank and in hand | 54/58 | €3,275 | €2,091 | -€1,184 | -36.2% |
| Total equity and liabilities | 10/49 | €637,534 | €588,868 | -€48,666 | -7.6% |
| Equity | 10/15 | €392,927 | €375,781 | -€17,146 | -4.4% |
| Contributions | 10/11 | €280,000 | €280,000 | = | 0.0% |
| Capital | 10 | €280,000 | €280,000 | = | 0.0% |
| Issued capital | 100 | €280,000 | €280,000 | = | 0.0% |
| Revaluation surpluses | 12 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €119,655 | €109,798 | -€9,857 | -8.2% |
| Tax-exempt reserves | 132 | €119,655 | €109,798 | -€9,857 | -8.2% |
| Profit (loss) carried forward | 14 | -€8,728 | -€16,017 | -€7,289 | -83.5% |
| Provisions and deferred taxes | 16 | €39,885 | €36,600 | -€3,285 | -8.2% |
| Deferred taxes | 168 | €39,885 | €36,600 | -€3,285 | -8.2% |
| Amounts payable | 17/49 | €204,722 | €176,487 | -€28,235 | -13.8% |
| Amounts payable after more than one year | 17 | €148,296 | €119,337 | -€28,959 | -19.5% |
| Financial debts | 170/4 | €141,092 | €119,337 | -€21,755 | -15.4% |
| Other amounts payable | 178/9 | €7,204 | - | -€7,204 | |
| Amounts payable within one year | 42/48 | €56,426 | €57,150 | +€724 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | €21,453 | €21,755 | +€302 | +1.4% |
| Trade debts | 44 | €316 | €575 | +€259 | +82.0% |
| Suppliers | 440/4 | €316 | €575 | +€259 | +82.0% |
| Taxes, remuneration and social security | 45 | €313 | €275 | -€38 | -12.1% |
| Taxes | 450/3 | €313 | €275 | -€38 | -12.1% |
| Other amounts payable | 47/48 | €34,344 | €34,545 | +€201 | +0.6% |
| Non-recurring operating income | 76A | €2,932 | €2,580 | -€352 | -12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,010 | €48,813 | -€197 | -0.4% |
| Other operating charges | 640/8 | €15,232 | €15,712 | +€480 | +3.2% |
| Gross operating margin | 9900 | €47,846 | €46,701 | -€1,145 | -2.4% |
| Operating profit (loss) | 9901 | -€16,396 | -€17,824 | -€1,428 | -8.7% |
| Financial charges | 65/66B | €2,630 | €2,325 | -€305 | -11.6% |
| Recurring financial charges | 65 | €2,630 | €2,325 | -€305 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | -€19,026 | -€20,149 | -€1,123 | -5.9% |
| Transfer from deferred taxes | 780 | €13,392 | €3,285 | -€10,107 | -75.5% |
| Income taxes | 67/77 | €313 | €282 | -€31 | -9.9% |
| Profit (loss) for the period | 9904 | -€5,947 | -€17,146 | -€11,199 | -188.3% |
| Transfer from tax-exempt reserves | 789 | - | €9,857 | +€9,857 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,947 | -€7,289 | -€1,342 | -22.6% |
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 1 October 2026 via checked.be.