ANTCAR: 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.
ANTCAR
Largest movements
- Tangible fixed assets -€192,464
down €192,464 (-8.2%), from €2.4m to €2.2m
of which Plant, machinery and equipment: -€162,030
- Receivables within one year +€124,423
up €124,423 (+35.0%), from €355,506 to €479,928
of which Other amounts receivable: +€115,087
- Cash +€123,040
up €123,040 (+917.4%), from €13,412 to €136,452
mainly Contributions, distributions and other (+€300,000) and Depreciation (+€233,204)
- Profit (loss) carried forward +€478,302
up €478,302 (+45.9%), from €1.0m to €1.5m
- Other debts -€300,000
no longer reported in 2025 (was €300,000)
- Current portion of long-term debt -€100,000
no longer reported in 2025 (was €100,000)
- Reserves -€41,193
down €41,193 (-4.5%), from €905,929 to €864,736
of which Tax-exempt reserves: -€41,193
- Taxes -€245,474
down €245,474 (-78.0%), from €314,881 to €69,407
- Gross operating margin +€67,488
up €67,488 (+15.4%), from €439,521 to €507,010
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 | €2,731,015 | €2,782,903 | +€51,887 | +1.9% |
| Fixed assets | 21/28 | €2,350,790 | €2,158,516 | -€192,274 | -8.2% |
| Tangible fixed assets | 22/27 | €2,350,674 | €2,158,210 | -€192,464 | -8.2% |
| Land and buildings | 22 | €905,876 | €867,919 | -€37,957 | -4.2% |
| Plant, machinery and equipment | 23 | €1,354,829 | €1,192,799 | -€162,030 | -12.0% |
| Furniture and vehicles | 24 | €89,970 | €97,492 | +€7,522 | +8.4% |
| Financial fixed assets | 28 | €116 | €306 | +€190 | +164.3% |
| Current assets | 29/58 | €380,226 | €624,387 | +€244,161 | +64.2% |
| Amounts receivable within one year | 40/41 | €355,506 | €479,928 | +€124,423 | +35.0% |
| Trade receivables | 40 | €106 | €9,441 | +€9,336 | +8849.1% |
| Other amounts receivable | 41 | €355,400 | €470,487 | +€115,087 | +32.4% |
| Cash at bank and in hand | 54/58 | €13,412 | €136,452 | +€123,040 | +917.4% |
| Deferred charges and accrued income | 490/1 | €11,308 | €8,007 | -€3,302 | -29.2% |
| Total equity and liabilities | 10/49 | €2,731,015 | €2,782,903 | +€51,887 | +1.9% |
| Equity | 10/15 | €2,072,226 | €2,509,336 | +€437,110 | +21.1% |
| Contributions | 10/11 | €124,000 | €124,000 | = | 0.0% |
| Capital | 10 | €124,000 | €124,000 | = | 0.0% |
| Issued capital | 100 | €124,000 | €124,000 | = | 0.0% |
| Reserves | 13 | €905,929 | €864,736 | -€41,193 | -4.5% |
| Non-distributable reserves | 130/1 | €12,400 | €12,400 | = | 0.0% |
| Legal reserve | 130 | €12,400 | €12,400 | = | 0.0% |
| Tax-exempt reserves | 132 | €553,529 | €512,336 | -€41,193 | -7.4% |
| Distributable reserves | 133 | €340,000 | €340,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,042,297 | €1,520,599 | +€478,302 | +45.9% |
| Provisions and deferred taxes | 16 | €184,510 | €170,779 | -€13,731 | -7.4% |
| Deferred taxes | 168 | €184,510 | €170,779 | -€13,731 | -7.4% |
| Amounts payable | 17/49 | €474,280 | €102,788 | -€371,492 | -78.3% |
| Amounts payable within one year | 42/48 | €452,696 | €79,658 | -€373,037 | -82.4% |
| Current portion of amounts payable after more than one year | 42 | €100,000 | - | -€100,000 | |
| Trade debts | 44 | €4,893 | €9,908 | +€5,016 | +102.5% |
| Suppliers | 440/4 | €4,893 | €9,908 | +€5,016 | +102.5% |
| Taxes, remuneration and social security | 45 | €47,803 | €69,750 | +€21,947 | +45.9% |
| Taxes | 450/3 | €47,179 | €69,407 | +€22,228 | +47.1% |
| Remuneration and social security | 454/9 | €624 | €343 | -€281 | -45.0% |
| Other amounts payable | 47/48 | €300,000 | - | -€300,000 | |
| Accrued charges and deferred income | 492/3 | €21,584 | €23,130 | +€1,546 | +7.2% |
| Remuneration, social security and pensions | 62 | €9,954 | €5,108 | -€4,845 | -48.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €237,611 | €233,204 | -€4,407 | -1.9% |
| Other operating charges | 640/8 | €72,467 | €73,645 | +€1,177 | +1.6% |
| Gross operating margin | 9900 | €439,521 | €507,010 | +€67,488 | +15.4% |
| Operating profit (loss) | 9901 | €119,489 | €195,053 | +€75,563 | +63.2% |
| Financial income | 75/76B | - | €18 | +€18 | |
| Recurring financial income | 75 | - | €18 | +€18 | |
| Financial charges | 65/66B | €485 | €2,285 | +€1,800 | +371.4% |
| Recurring financial charges | 65 | €485 | €2,285 | +€1,800 | +371.4% |
| Profit (loss) for the period before taxes | 9903 | €119,005 | €192,786 | +€73,781 | +62.0% |
| Transfer from deferred taxes | 780 | €281,258 | €13,731 | -€267,527 | -95.1% |
| Income taxes | 67/77 | €314,881 | €69,407 | -€245,474 | -78.0% |
| Profit (loss) for the period | 9904 | €85,381 | €137,110 | +€51,728 | +60.6% |
| Transfer from tax-exempt reserves | 789 | €843,773 | €41,193 | -€802,581 | -95.1% |
| Profit (loss) for the period to be appropriated | 9905 | €929,155 | €178,302 | -€750,852 | -80.8% |
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.