ANTE: 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.
ANTE
Largest movements
- Cash -€24,585
down €24,585 (-18.5%), from €132,665 to €108,080
mainly Contributions, distributions and other (-€346,500) and Debts after one year (-€24,558)
- Tangible fixed assets -€8,640
down €8,640 (-40.2%), from €21,508 to €12,868
of which Furniture and vehicles: -€7,654
- Profit (loss) carried forward -€227,984
down €227,984 (-99.8%), from €228,439 to €456
- Other debts +€204,594
up €204,594 (+216.9%), from €94,329 to €298,923
- Debts after one year -€24,558
down €24,558 (-11.6%), from €212,204 to €187,646
- Tax, wage and social debts +€10,788
up €10,788 (+65.2%), from €16,533 to €27,321
of which Taxes: +€13,072
- Financial income +€24,000
up €24,000 (+27.3%), from €88,000 to €112,000
- Financial charges -€5,582
down €5,582 (-38.8%), from €14,375 to €8,792
- Gross operating margin +€4,426
up €4,426 (+7.1%), from €62,616 to €67,042
- Staff costs +€1,449
up €1,449 (+3.7%), from €38,703 to €40,152
- Taxes +€1,225
up €1,225 (+111.8%), from €1,096 to €2,321
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 | €801,473 | €764,969 | -€36,503 | -4.6% |
| Fixed assets | 21/28 | €649,250 | €640,610 | -€8,640 | -1.3% |
| Tangible fixed assets | 22/27 | €21,508 | €12,868 | -€8,640 | -40.2% |
| Furniture and vehicles | 24 | €15,595 | €7,941 | -€7,654 | -49.1% |
| Other tangible fixed assets | 26 | €5,913 | €4,927 | -€986 | -16.7% |
| Financial fixed assets | 28 | €627,743 | €627,743 | = | 0.0% |
| Current assets | 29/58 | €152,222 | €124,359 | -€27,863 | -18.3% |
| Amounts receivable within one year | 40/41 | €12,824 | €11,100 | -€1,724 | -13.4% |
| Trade receivables | 40 | €10,420 | €10,696 | +€276 | +2.6% |
| Other amounts receivable | 41 | €2,404 | €404 | -€2,000 | -83.2% |
| Cash at bank and in hand | 54/58 | €132,665 | €108,080 | -€24,585 | -18.5% |
| Deferred charges and accrued income | 490/1 | €6,733 | €5,179 | -€1,554 | -23.1% |
| Total equity and liabilities | 10/49 | €801,473 | €764,969 | -€36,503 | -4.6% |
| Equity | 10/15 | €450,439 | €222,456 | -€227,984 | -50.6% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €197,000 | €197,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €197,000 | €197,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €228,439 | €456 | -€227,984 | -99.8% |
| Amounts payable | 17/49 | €351,034 | €542,514 | +€191,480 | +54.5% |
| Amounts payable after more than one year | 17 | €212,204 | €187,646 | -€24,558 | -11.6% |
| Financial debts | 170/4 | €212,204 | €187,646 | -€24,558 | -11.6% |
| Amounts payable within one year | 42/48 | €135,441 | €351,360 | +€215,920 | +159.4% |
| Current portion of amounts payable after more than one year | 42 | €24,032 | €24,558 | +€526 | +2.2% |
| Trade debts | 44 | €546 | €558 | +€12 | +2.2% |
| Suppliers | 440/4 | €546 | €558 | +€12 | +2.2% |
| Taxes, remuneration and social security | 45 | €16,533 | €27,321 | +€10,788 | +65.2% |
| Taxes | 450/3 | €8,356 | €21,428 | +€13,072 | +156.4% |
| Remuneration and social security | 454/9 | €8,177 | €5,893 | -€2,284 | -27.9% |
| Other amounts payable | 47/48 | €94,329 | €298,923 | +€204,594 | +216.9% |
| Accrued charges and deferred income | 492/3 | €3,389 | €3,508 | +€119 | +3.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €38,703 | €40,152 | +€1,449 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,690 | €8,640 | +€950 | +12.4% |
| Other operating charges | 640/8 | €593 | €620 | +€26 | +4.4% |
| Gross operating margin | 9900 | €62,616 | €67,042 | +€4,426 | +7.1% |
| Operating profit (loss) | 9901 | €15,629 | €17,630 | +€2,000 | +12.8% |
| Financial income | 75/76B | €88,000 | €112,000 | +€24,000 | +27.3% |
| Recurring financial income | 75 | €88,000 | €112,000 | +€24,000 | +27.3% |
| Financial charges | 65/66B | €14,375 | €8,792 | -€5,582 | -38.8% |
| Recurring financial charges | 65 | €14,375 | €8,792 | -€5,582 | -38.8% |
| Profit (loss) for the period before taxes | 9903 | €89,255 | €120,838 | +€31,583 | +35.4% |
| Income taxes | 67/77 | €1,096 | €2,321 | +€1,225 | +111.8% |
| Profit (loss) for the period | 9904 | €88,159 | €118,516 | +€30,358 | +34.4% |
| Profit (loss) for the period to be appropriated | 9905 | €88,159 | €118,516 | +€30,358 | +34.4% |
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 4 October 2026 via checked.be.