ANTELON PROPERTIES: 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 PROPERTIES
Largest movements
- Tangible fixed assets -€257,745
down €257,745 (-3.7%), from €7.0m to €6.8m
of which Land and buildings: -€257,451
- Current portion of long-term debt -€1.5m
down €1.5m (-98.8%), from €1.5m to €18,333
- Short-term financial debts +€1.2m
up €1.2m (+128%), from €965,630 to €2.2m
- Profit (loss) carried forward -€489,941
down €489,941 (-47.1%), from -€1.0m to -€1.5m
- Debts after one year +€424,120
up €424,120 (+8.7%), from €4.9m to €5.3m
- Trade debts +€96,023
up €96,023 (+1,068%), from €8,992 to €105,015
- Write-downs +€188,169
up €188,169 (+3,460%), from €5,438 to €193,607
- Financial charges +€32,441
up €32,441 (+12.6%), from €256,898 to €289,339
- Financial income +€7,621
up €7,621 (+17,502%), from €44 to €7,664
- Depreciation +€3,702
up €3,702 (+1.3%), from €277,659 to €281,361
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 | €7,352,103 | €7,114,432 | -€237,672 | -3.2% |
| Fixed assets | 21/28 | €7,008,334 | €6,750,589 | -€257,745 | -3.7% |
| Tangible fixed assets | 22/27 | €7,008,334 | €6,750,589 | -€257,745 | -3.7% |
| Land and buildings | 22 | €7,008,040 | €6,750,589 | -€257,451 | -3.7% |
| Plant, machinery and equipment | 23 | €294 | €0 | -€294 | -100% |
| Current assets | 29/58 | €343,770 | €363,842 | +€20,073 | +5.8% |
| Amounts receivable within one year | 40/41 | €317,722 | €268,797 | -€48,925 | -15.4% |
| Trade receivables | 40 | €317,709 | €262,280 | -€55,429 | -17.4% |
| Other amounts receivable | 41 | €13 | €6,517 | +€6,504 | +49,799% |
| Cash at bank and in hand | 54/58 | €18,672 | €87,573 | +€68,901 | +369% |
| Deferred charges and accrued income | 490/1 | €7,376 | €7,473 | +€97 | +1.3% |
| Total equity and liabilities | 10/49 | €7,352,103 | €7,114,432 | -€237,672 | -3.2% |
| Equity | 10/15 | -€40,359 | -€530,300 | -€489,941 | -1,214% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,040,359 | -€1,530,300 | -€489,941 | -47.1% |
| Amounts payable | 17/49 | €7,392,462 | €7,644,731 | +€252,269 | +3.4% |
| Amounts payable after more than one year | 17 | €4,875,835 | €5,299,955 | +€424,120 | +8.7% |
| Financial debts | 170/4 | €4,875,835 | €5,299,955 | +€424,120 | +8.7% |
| Amounts payable within one year | 42/48 | €2,503,276 | €2,328,606 | -€174,670 | -7.0% |
| Current portion of amounts payable after more than one year | 42 | €1,520,718 | €18,333 | -€1.5m | -98.8% |
| Financial debts | 43 | €965,630 | €2,200,000 | +€1.2m | +128% |
| Credit institutions | 430/8 | €965,630 | €2,200,000 | +€1.2m | +128% |
| Trade debts | 44 | €8,992 | €105,015 | +€96,023 | +1,068% |
| Suppliers | 440/4 | €8,992 | €105,015 | +€96,023 | +1,068% |
| Taxes, remuneration and social security | 45 | €5,661 | €3,507 | -€2,154 | -38.1% |
| Taxes | 450/3 | €5,661 | €3,507 | -€2,154 | -38.1% |
| Other amounts payable | 47/48 | €2,274 | €1,750 | -€524 | -23.0% |
| Accrued charges and deferred income | 492/3 | €13,351 | €16,171 | +€2,819 | +21.1% |
| Non-recurring operating income | 76A | €13,195 | €7,391 | -€5,805 | -44.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €277,659 | €281,361 | +€3,702 | +1.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,438 | €193,607 | +€188,169 | +3,460% |
| Other operating charges | 640/8 | €27,594 | €28,339 | +€745 | +2.7% |
| Gross operating margin | 9900 | €294,494 | €295,041 | +€547 | +0.2% |
| Operating profit (loss) | 9901 | -€16,197 | -€208,266 | -€192,069 | -1,186% |
| Financial income | 75/76B | €44 | €7,664 | +€7,621 | +17,502% |
| Recurring financial income | 75 | €44 | €7,664 | +€7,621 | +17,502% |
| Financial charges | 65/66B | €256,898 | €289,339 | +€32,441 | +12.6% |
| Recurring financial charges | 65 | €256,898 | €289,339 | +€32,441 | +12.6% |
| Profit (loss) for the period before taxes | 9903 | -€273,051 | -€489,941 | -€216,890 | -79.4% |
| Profit (loss) for the period | 9904 | -€273,051 | -€489,941 | -€216,890 | -79.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€273,051 | -€489,941 | -€216,890 | -79.4% |
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 19 October 2026 via checked.be.