ANTEGA: 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.
ANTEGA
Largest movements
- Cash -€22,162
down €22,162 (-27.7%), from €80,006 to €57,844
mainly Contributions, distributions and other (-€35,397) and Trade debts (-€27,318)
- Receivables within one year -€19,247
down €19,247 (-42.3%), from €45,450 to €26,203
of which Trade receivables: -€17,349
- Tangible fixed assets +€6,763
up €6,763 (+47.1%), from €14,373 to €21,136
of which Furniture and vehicles: +€10,124
- Deferred charges and accrued income -€1,932
down €1,932 (-68.0%), from €2,839 to €908
- Trade debts -€27,318
down €27,318 (-76.2%), from €35,837 to €8,519
- Other debts -€12,656
down €12,656 (-22.5%), from €56,288 to €43,632
- Tax, wage and social debts +€3,588
up €3,588 (+45.0%), from €7,982 to €11,571
- Gross operating margin +€21,042
up €21,042 (+56.9%), from €36,968 to €58,009
- Taxes +€4,024
up €4,024 (+60.4%), from €6,664 to €10,688
- Depreciation +€1,887
up €1,887 (+34.5%), from €5,472 to €7,360
- Financial charges -€637
down €637 (-15.1%), from €4,214 to €3,577
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 | €142,669 | €106,091 | -€36,578 | -25.6% |
| Fixed assets | 21/28 | €14,373 | €21,136 | +€6,763 | +47.1% |
| Tangible fixed assets | 22/27 | €14,373 | €21,136 | +€6,763 | +47.1% |
| Land and buildings | 22 | €9,374 | €7,308 | -€2,067 | -22.0% |
| Plant, machinery and equipment | 23 | €283 | €94 | -€190 | -67.0% |
| Furniture and vehicles | 24 | €3,461 | €13,585 | +€10,124 | +292.5% |
| Other tangible fixed assets | 26 | €1,255 | €149 | -€1,105 | -88.1% |
| Current assets | 29/58 | €128,296 | €84,955 | -€43,340 | -33.8% |
| Amounts receivable within one year | 40/41 | €45,450 | €26,203 | -€19,247 | -42.3% |
| Trade receivables | 40 | €38,736 | €21,387 | -€17,349 | -44.8% |
| Other amounts receivable | 41 | €6,714 | €4,816 | -€1,898 | -28.3% |
| Cash at bank and in hand | 54/58 | €80,006 | €57,844 | -€22,162 | -27.7% |
| Deferred charges and accrued income | 490/1 | €2,839 | €908 | -€1,932 | -68.0% |
| Total equity and liabilities | 10/49 | €142,669 | €106,091 | -€36,578 | -25.6% |
| Equity | 10/15 | €20,460 | €20,460 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €122,209 | €85,631 | -€36,578 | -29.9% |
| Amounts payable after more than one year | 17 | €20,460 | €20,460 | = | 0.0% |
| Financial debts | 170/4 | €20,460 | €20,460 | = | 0.0% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €100,108 | €63,722 | -€36,385 | -36.3% |
| Trade debts | 44 | €35,837 | €8,519 | -€27,318 | -76.2% |
| Suppliers | 440/4 | €35,837 | €8,519 | -€27,318 | -76.2% |
| Taxes, remuneration and social security | 45 | €7,982 | €11,571 | +€3,588 | +45.0% |
| Taxes | 450/3 | €7,982 | €11,571 | +€3,588 | +45.0% |
| Other amounts payable | 47/48 | €56,288 | €43,632 | -€12,656 | -22.5% |
| Accrued charges and deferred income | 492/3 | €1,641 | €1,449 | -€192 | -11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,472 | €7,360 | +€1,887 | +34.5% |
| Other operating charges | 640/8 | €1,275 | €988 | -€288 | -22.6% |
| Gross operating margin | 9900 | €36,968 | €58,009 | +€21,042 | +56.9% |
| Operating profit (loss) | 9901 | €30,220 | €49,662 | +€19,442 | +64.3% |
| Financial income | 75/76B | €4 | €0 | -€4 | -100.0% |
| Recurring financial income | 75 | €4 | €0 | -€4 | -100.0% |
| Financial charges | 65/66B | €4,214 | €3,577 | -€637 | -15.1% |
| Recurring financial charges | 65 | €4,214 | €3,577 | -€637 | -15.1% |
| Profit (loss) for the period before taxes | 9903 | €26,010 | €46,085 | +€20,075 | +77.2% |
| Income taxes | 67/77 | €6,664 | €10,688 | +€4,024 | +60.4% |
| Profit (loss) for the period | 9904 | €19,346 | €35,397 | +€16,051 | +83.0% |
| Profit (loss) for the period to be appropriated | 9905 | €19,346 | €35,397 | +€16,051 | +83.0% |
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.