Antelao: 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.
Antelao
Largest movements
- Receivables within one year +€13,971
up €13,971 (+591.0%), from €2,364 to €16,335
of which Trade receivables: +€16,335
- Tangible fixed assets -€10,611
down €10,611 (-19.8%), from €53,594 to €42,983
of which Furniture and vehicles: -€9,896
- Cash -€2,233
down €2,233 (-2.1%), from €104,325 to €102,092
mainly Trade debts (-€57,123) and Receivables within one year (-€13,971)
- Reserves +€57,652
up €57,652 (+186.7%), from €30,886 to €88,538
- Trade debts -€57,123
down €57,123 (-99.9%), from €57,164 to €41
- Tax, wage and social debts +€12,876
up €12,876 (+104.9%), from €12,272 to €25,148
- Debts after one year -€11,579
down €11,579 (-32.1%), from €36,080 to €24,501
- Gross operating margin +€49,348
up €49,348 (+111.6%), from €44,208 to €93,556
- Depreciation +€10,590
up €10,590 (+1425.3%), from €743 to €11,333
- Taxes +€10,109
up €10,109 (+82.4%), from €12,262 to €22,371
- Financial charges +€1,672
up €1,672 (+870.8%), from €192 to €1,864
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 | €160,593 | €161,871 | +€1,278 | +0.8% |
| Fixed assets | 21/28 | €53,594 | €42,983 | -€10,611 | -19.8% |
| Tangible fixed assets | 22/27 | €53,594 | €42,983 | -€10,611 | -19.8% |
| Plant, machinery and equipment | 23 | €1,602 | €887 | -€715 | -44.6% |
| Furniture and vehicles | 24 | €51,992 | €42,096 | -€9,896 | -19.0% |
| Current assets | 29/58 | €106,999 | €118,888 | +€11,889 | +11.1% |
| Amounts receivable within one year | 40/41 | €2,364 | €16,335 | +€13,971 | +591.0% |
| Trade receivables | 40 | - | €16,335 | +€16,335 | |
| Other amounts receivable | 41 | €2,364 | - | -€2,364 | |
| Cash at bank and in hand | 54/58 | €104,325 | €102,092 | -€2,233 | -2.1% |
| Deferred charges and accrued income | 490/1 | €310 | €461 | +€151 | +48.6% |
| Total equity and liabilities | 10/49 | €160,593 | €161,871 | +€1,278 | +0.8% |
| Equity | 10/15 | €40,886 | €98,538 | +€57,652 | +141.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €30,886 | €88,538 | +€57,652 | +186.7% |
| Distributable reserves | 133 | €30,886 | €88,538 | +€57,652 | +186.7% |
| Amounts payable | 17/49 | €119,707 | €63,333 | -€56,374 | -47.1% |
| Amounts payable after more than one year | 17 | €36,080 | €24,501 | -€11,579 | -32.1% |
| Financial debts | 170/4 | €36,080 | €24,501 | -€11,579 | -32.1% |
| Amounts payable within one year | 42/48 | €83,627 | €38,832 | -€44,795 | -53.6% |
| Current portion of amounts payable after more than one year | 42 | €11,153 | €11,579 | +€426 | +3.8% |
| Trade debts | 44 | €57,164 | €41 | -€57,123 | -99.9% |
| Suppliers | 440/4 | €57,164 | €41 | -€57,123 | -99.9% |
| Taxes, remuneration and social security | 45 | €12,272 | €25,148 | +€12,876 | +104.9% |
| Taxes | 450/3 | €12,272 | €25,148 | +€12,876 | +104.9% |
| Other amounts payable | 47/48 | €3,038 | €2,064 | -€974 | -32.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €743 | €11,333 | +€10,590 | +1425.3% |
| Other operating charges | 640/8 | €125 | €349 | +€224 | +179.1% |
| Gross operating margin | 9900 | €44,208 | €93,556 | +€49,348 | +111.6% |
| Operating profit (loss) | 9901 | €43,340 | €81,874 | +€38,534 | +88.9% |
| Financial income | 75/76B | - | €12 | +€12 | |
| Recurring financial income | 75 | - | €12 | +€12 | |
| Financial charges | 65/66B | €192 | €1,864 | +€1,672 | +870.8% |
| Recurring financial charges | 65 | €192 | €1,864 | +€1,672 | +870.8% |
| Profit (loss) for the period before taxes | 9903 | €43,148 | €80,022 | +€36,874 | +85.5% |
| Income taxes | 67/77 | €12,262 | €22,371 | +€10,109 | +82.4% |
| Profit (loss) for the period | 9904 | €30,886 | €57,651 | +€26,765 | +86.7% |
| Profit (loss) for the period to be appropriated | 9905 | €30,886 | €57,651 | +€26,765 | +86.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.