ANTELON GROUP: 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.
ANTELON GROUP
Largest movements
- Financial fixed assets -€1.0m
down €1.0m (-12.6%), from €8.2m to €7.1m
- Cash -€142,739
down €142,739 (-40.5%), from €352,716 to €209,976
mainly Net result for the year (-€1.6m) and Receivables within one year (-€30,310)
- Profit (loss) carried forward -€1.6m
down €1.6m (-67.5%), from -€2.3m to -€3.9m
- Debts after one year +€211,249
up €211,249 (+2.9%), from €7.3m to €7.5m
- Other debts +€194,350
up €194,350 (+89.9%), from €216,119 to €410,469
- Financial charges -€924,318
down €924,318 (-34.5%), from €2.7m to €1.8m
of which Non-recurring financial charges: -€916,747
- Financial income -€7,190
down €7,190 (-2.9%), from €249,850 to €242,660
- Gross operating margin +€5,878
up €5,878 (+12.8%), from -€45,796 to -€39,918
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.
Derived cash bridge
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 | €8,515,337 | €7,374,724 | -€1.1m | -13.4% |
| Fixed assets | 21/28 | €8,162,399 | €7,133,667 | -€1.0m | -12.6% |
| Financial fixed assets | 28 | €8,162,399 | €7,133,667 | -€1.0m | -12.6% |
| Current assets | 29/58 | €352,938 | €241,057 | -€111,881 | -31.7% |
| Amounts receivable within one year | 40/41 | €170 | €30,481 | +€30,310 | +17,809% |
| Trade receivables | 40 | - | €30,481 | +€30,481 | |
| Other amounts receivable | 41 | €170 | €0 | -€170 | -100% |
| Cash at bank and in hand | 54/58 | €352,716 | €209,976 | -€142,739 | -40.5% |
| Deferred charges and accrued income | 490/1 | €52 | €600 | +€548 | +1,049% |
| Total equity and liabilities | 10/49 | €8,515,337 | €7,374,724 | -€1.1m | -13.4% |
| Equity | 10/15 | €999,859 | -€552,950 | -€1.6m | |
| Contributions | 10/11 | €3,300,342 | €3,300,342 | = | 0.0% |
| Capital | 10 | €3,300,342 | €3,300,342 | = | 0.0% |
| Issued capital | 100 | €3,300,342 | €3,300,342 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Legal reserve | 130 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€2,300,483 | -€3,853,292 | -€1.6m | -67.5% |
| Amounts payable | 17/49 | €7,515,478 | €7,927,674 | +€412,196 | +5.5% |
| Amounts payable after more than one year | 17 | €7,296,634 | €7,507,883 | +€211,249 | +2.9% |
| Financial debts | 170/4 | €7,296,634 | €7,507,883 | +€211,249 | +2.9% |
| Amounts payable within one year | 42/48 | €218,844 | €419,746 | +€200,902 | +91.8% |
| Trade debts | 44 | €2,558 | €8,998 | +€6,441 | +252% |
| Suppliers | 440/4 | €2,558 | €8,998 | +€6,441 | +252% |
| Taxes, remuneration and social security | 45 | €168 | €279 | +€111 | +66.2% |
| Taxes | 450/3 | €168 | €279 | +€111 | +66.2% |
| Other amounts payable | 47/48 | €216,119 | €410,469 | +€194,350 | +89.9% |
| Accrued charges and deferred income | 492/3 | - | €45 | +€45 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Other operating charges | 640/8 | €1,086 | €1,118 | +€33 | +3.0% |
| Gross operating margin | 9900 | -€45,796 | -€39,918 | +€5,878 | +12.8% |
| Operating profit (loss) | 9901 | -€46,882 | -€41,036 | +€5,845 | +12.5% |
| Financial income | 75/76B | €249,850 | €242,660 | -€7,190 | -2.9% |
| Recurring financial income | 75 | €249,850 | €242,660 | -€7,190 | -2.9% |
| Financial charges | 65/66B | €2,678,751 | €1,754,433 | -€924,318 | -34.5% |
| Recurring financial charges | 65 | €233,612 | €226,041 | -€7,571 | -3.2% |
| Non-recurring financial charges | 66B | €2,445,139 | €1,528,392 | -€916,747 | -37.5% |
| Profit (loss) for the period before taxes | 9903 | -€2,475,783 | -€1,552,809 | +€922,974 | +37.3% |
| Profit (loss) for the period | 9904 | -€2,475,783 | -€1,552,809 | +€922,974 | +37.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,475,783 | -€1,552,809 | +€922,974 | +37.3% |
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 25 October 2026 via checked.be.