ANTECO: 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.
ANTECO
Largest movements
- Tangible fixed assets +€35,487
up €35,487 (+165.7%), from €21,411 to €56,898
of which Furniture and vehicles: +€27,308
- Cash -€20,346
down €20,346 (-16.4%), from €123,924 to €103,578
mainly Investment in fixed assets (net) (-€42,264) and Receivables within one year (-€16,611)
- Receivables within one year +€16,611
up €16,611 (+296.5%), from €5,602 to €22,213
of which Trade receivables: +€17,754
- Reserves +€30,000
up €30,000 (+31.6%), from €95,000 to €125,000
- Trade debts -€6,095
down €6,095 (-75.2%), from €8,111 to €2,015
- Profit (loss) carried forward +€4,857
up €4,857 (+13.3%), from €36,603 to €41,461
- Tax, wage and social debts +€3,081
up €3,081 (+55.9%), from €5,507 to €8,587
- Gross operating margin -€7,220
down €7,220 (-11.3%), from €63,751 to €56,531
- Depreciation +€2,447
up €2,447 (+56.5%), from €4,329 to €6,776
- Taxes -€2,070
down €2,070 (-12.5%), from €16,582 to €14,512
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 | €150,937 | €182,689 | +€31,753 | +21.0% |
| Fixed assets | 21/28 | €21,411 | €56,898 | +€35,487 | +165.7% |
| Tangible fixed assets | 22/27 | €21,411 | €56,898 | +€35,487 | +165.7% |
| Land and buildings | 22 | €18,123 | €26,302 | +€8,180 | +45.1% |
| Furniture and vehicles | 24 | €3,288 | €30,596 | +€27,308 | +830.5% |
| Current assets | 29/58 | €129,526 | €125,791 | -€3,735 | -2.9% |
| Amounts receivable within one year | 40/41 | €5,602 | €22,213 | +€16,611 | +296.5% |
| Trade receivables | 40 | €1,542 | €19,295 | +€17,754 | +1151.7% |
| Other amounts receivable | 41 | €4,060 | €2,918 | -€1,142 | -28.1% |
| Cash at bank and in hand | 54/58 | €123,924 | €103,578 | -€20,346 | -16.4% |
| Total equity and liabilities | 10/49 | €150,937 | €182,689 | +€31,753 | +21.0% |
| Equity | 10/15 | €136,603 | €171,461 | +€34,857 | +25.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €95,000 | €125,000 | +€30,000 | +31.6% |
| Distributable reserves | 133 | €95,000 | €125,000 | +€30,000 | +31.6% |
| Profit (loss) carried forward | 14 | €36,603 | €41,461 | +€4,857 | +13.3% |
| Amounts payable | 17/49 | €14,334 | €11,229 | -€3,105 | -21.7% |
| Amounts payable within one year | 42/48 | €14,334 | €11,229 | -€3,105 | -21.7% |
| Trade debts | 44 | €8,111 | €2,015 | -€6,095 | -75.2% |
| Suppliers | 440/4 | €8,111 | €2,015 | -€6,095 | -75.2% |
| Taxes, remuneration and social security | 45 | €5,507 | €8,587 | +€3,081 | +55.9% |
| Taxes | 450/3 | €5,507 | €8,587 | +€3,081 | +55.9% |
| Other amounts payable | 47/48 | €716 | €626 | -€90 | -12.6% |
| Remuneration, social security and pensions | 62 | €37 | - | -€37 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,329 | €6,776 | +€2,447 | +56.5% |
| Other operating charges | 640/8 | €785 | €779 | -€6 | -0.8% |
| Gross operating margin | 9900 | €63,751 | €56,531 | -€7,220 | -11.3% |
| Operating profit (loss) | 9901 | €58,600 | €48,976 | -€9,624 | -16.4% |
| Financial income | 75/76B | €455 | €480 | +€26 | +5.6% |
| Recurring financial income | 75 | €455 | €480 | +€26 | +5.6% |
| Financial charges | 65/66B | €84 | €86 | +€2 | +2.2% |
| Recurring financial charges | 65 | €84 | €86 | +€2 | +2.2% |
| Profit (loss) for the period before taxes | 9903 | €58,970 | €49,370 | -€9,600 | -16.3% |
| Income taxes | 67/77 | €16,582 | €14,512 | -€2,070 | -12.5% |
| Profit (loss) for the period | 9904 | €42,388 | €34,857 | -€7,531 | -17.8% |
| Profit (loss) for the period to be appropriated | 9905 | €42,388 | €34,857 | -€7,531 | -17.8% |
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 10 October 2026 via checked.be.