ANTASER: 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.
What changed
ANTASER
NACE 52.250, Logistics services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€82,902
2024 · €162,253-€79,350
Equity
€6.5m
2024 · €6.4m+€82,902
Cash
€78,651
2024 · €87,657-€9,006
Balance sheet total
€9.2m
2024 · €9.2m-€74,016
Largest movements
Assets
- Deferred charges and accrued income +€100,000
new in 2025: €100,000
- Receivables after one year -€96,000
down €96,000 (-1.1%), from €8.9m to €8.8m
Equity and liabilities
- Trade debts -€122,495
down €122,495 (-5.9%), from €2.1m to €1.9m
Income statement
- Staff costs +€57,866
new in 2025: €57,866
- Gross operating margin -€41,402
down €41,402 (-16.1%), from €256,573 to €215,171
- Taxes -€25,335
down €25,335 (-44.4%), from €56,999 to €31,663
- Financial charges +€5,632
up €5,632 (+170%), from €3,311 to €8,943
- Other operating charges -€5,122
down €5,122 (-68.9%), from €7,439 to €2,317
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.
Result 2024
€162,253
Gross operating margin
-€41,402
Staff costs
-€57,866
Depreciation
-€4,571
Other operating charges
+€5,122
Financial income
-€337
Financial charges
-€5,632
Taxes
+€25,335
Result 2025
€82,902
raises the resultlowers the result
Derived cash bridge
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.
From operations
-€9,006
Investment
€0
Financing
€0
Cash 2024
€87,657
From operations (derived)
-€9,006
Net result for the year
+€82,902
Depreciation
+€32,175
Receivables after one year
+€96,000
Receivables within one year
+€36,835
Deferred charges and accrued income
-€100,000
Trade debts
-€122,495
Advances received
-€54,030
Other debts
-€745
Accrued charges and deferred income
+€20,351
Cash 2025
€78,651
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,227,269 | €9,153,253 | -€74,016 | -0.8% |
| Fixed assets | 21/28 | €118,994 | €86,819 | -€32,175 | -27.0% |
| Tangible fixed assets | 22/27 | €118,994 | €86,819 | -€32,175 | -27.0% |
| Plant, machinery and equipment | 23 | €8,565 | €3,380 | -€5,185 | -60.5% |
| Furniture and vehicles | 24 | €110,429 | €83,439 | -€26,990 | -24.4% |
| Current assets | 29/58 | €9,108,275 | €9,066,434 | -€41,841 | -0.5% |
| Amounts receivable after more than one year | 29 | €8,913,346 | €8,817,346 | -€96,000 | -1.1% |
| Other amounts receivable | 291 | €8,913,346 | €8,817,346 | -€96,000 | -1.1% |
| Amounts receivable within one year | 40/41 | €107,089 | €70,254 | -€36,835 | -34.4% |
| Other amounts receivable | 41 | €107,089 | €70,254 | -€36,835 | -34.4% |
| Current investments | 50/53 | €183 | €183 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €87,657 | €78,651 | -€9,006 | -10.3% |
| Deferred charges and accrued income | 490/1 | - | €100,000 | +€100,000 | |
| Total equity and liabilities | 10/49 | €9,227,269 | €9,153,253 | -€74,016 | -0.8% |
| Equity | 10/15 | €6,370,982 | €6,453,884 | +€82,902 | +1.3% |
| Contributions | 10/11 | €16,733 | €16,733 | = | 0.0% |
| Reserves | 13 | €6,350,000 | €6,430,000 | +€80,000 | +1.3% |
| Distributable reserves | 133 | €6,350,000 | €6,430,000 | +€80,000 | +1.3% |
| Profit (loss) carried forward | 14 | €4,249 | €7,151 | +€2,902 | +68.3% |
| Amounts payable | 17/49 | €2,856,287 | €2,699,369 | -€156,918 | -5.5% |
| Amounts payable within one year | 42/48 | €2,856,287 | €2,679,018 | -€177,270 | -6.2% |
| Trade debts | 44 | €2,061,685 | €1,939,190 | -€122,495 | -5.9% |
| Suppliers | 440/4 | €2,061,685 | €1,939,190 | -€122,495 | -5.9% |
| Advances received on contracts in progress | 46 | €686,643 | €632,613 | -€54,030 | -7.9% |
| Other amounts payable | 47/48 | €107,960 | €107,215 | -€745 | -0.7% |
| Accrued charges and deferred income | 492/3 | - | €20,351 | +€20,351 | |
| Non-recurring operating income | 76A | €9,000 | - | -€9,000 | |
| Remuneration, social security and pensions | 62 | - | €57,866 | +€57,866 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,604 | €32,175 | +€4,571 | +16.6% |
| Other operating charges | 640/8 | €7,439 | €2,317 | -€5,122 | -68.9% |
| Gross operating margin | 9900 | €256,573 | €215,171 | -€41,402 | -16.1% |
| Operating profit (loss) | 9901 | €221,530 | €122,813 | -€98,717 | -44.6% |
| Financial income | 75/76B | €1,033 | €696 | -€337 | -32.7% |
| Recurring financial income | 75 | €1,033 | €696 | -€337 | -32.7% |
| Financial charges | 65/66B | €3,311 | €8,943 | +€5,632 | +170% |
| Recurring financial charges | 65 | €3,311 | €8,943 | +€5,632 | +170% |
| Profit (loss) for the period before taxes | 9903 | €219,251 | €114,566 | -€104,686 | -47.7% |
| Income taxes | 67/77 | €56,999 | €31,663 | -€25,335 | -44.4% |
| Profit (loss) for the period | 9904 | €162,253 | €82,902 | -€79,350 | -48.9% |
| Profit (loss) for the period to be appropriated | 9905 | €162,253 | €82,902 | -€79,350 | -48.9% |
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 13 October 2026 via checked.be.