ANTÉMA: 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.
ANTÉMA
Largest movements
- Cash -€127,805
down €127,805 (-64.6%), from €197,932 to €70,127
mainly Contributions, distributions and other (-€80,000) and Stocks and contracts (-€55,716)
- Stocks and contracts +€55,716
up €55,716 (+59.2%), from €94,116 to €149,832
- Receivables within one year -€13,925
down €13,925 (-81.5%), from €17,086 to €3,161
of which Other amounts receivable: -€10,141
- Reserves -€78,000
down €78,000 (-92.9%), from €84,000 to €6,000
- Other debts -€17,000
down €17,000 (-8.7%), from €194,625 to €177,625
- Gross operating margin -€109,995
down €109,995 (-84.6%), from €130,073 to €20,078
- Depreciation -€15,406
down €15,406 (-74.4%), from €20,701 to €5,295
- Taxes -€6,182
down €6,182 (-35.3%), from €17,516 to €11,335
- Other operating charges -€3,381
down €3,381 (-82.3%), from €4,111 to €730
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 | €531,802 | €440,532 | -€91,270 | -17.2% |
| Fixed assets | 21/28 | €221,760 | €216,465 | -€5,295 | -2.4% |
| Intangible fixed assets | 21 | €1,093 | €808 | -€285 | -26.1% |
| Tangible fixed assets | 22/27 | €220,668 | €215,658 | -€5,010 | -2.3% |
| Land and buildings | 22 | €205,240 | €205,240 | = | 0.0% |
| Plant, machinery and equipment | 23 | €14,094 | €10,418 | -€3,677 | -26.1% |
| Furniture and vehicles | 24 | €1,333 | €0 | -€1,333 | -100.0% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €310,041 | €224,067 | -€85,974 | -27.7% |
| Stocks and contracts in progress | 3 | €94,116 | €149,832 | +€55,716 | +59.2% |
| Stocks | 30/36 | €94,116 | €149,832 | +€55,716 | +59.2% |
| Amounts receivable within one year | 40/41 | €17,086 | €3,161 | -€13,925 | -81.5% |
| Trade receivables | 40 | €3,785 | €0 | -€3,785 | -100.0% |
| Other amounts receivable | 41 | €13,302 | €3,161 | -€10,141 | -76.2% |
| Cash at bank and in hand | 54/58 | €197,932 | €70,127 | -€127,805 | -64.6% |
| Deferred charges and accrued income | 490/1 | €907 | €947 | +€40 | +4.4% |
| Total equity and liabilities | 10/49 | €531,802 | €440,532 | -€91,270 | -17.2% |
| Equity | 10/15 | €334,102 | €256,690 | -€77,412 | -23.2% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €84,000 | €6,000 | -€78,000 | -92.9% |
| Distributable reserves | 133 | €84,000 | €6,000 | -€78,000 | -92.9% |
| Profit (loss) carried forward | 14 | €102 | €690 | +€588 | +574.0% |
| Amounts payable | 17/49 | €197,699 | €183,842 | -€13,857 | -7.0% |
| Amounts payable within one year | 42/48 | €197,699 | €183,842 | -€13,857 | -7.0% |
| Trade debts | 44 | €743 | €15 | -€728 | -98.0% |
| Suppliers | 440/4 | €743 | €15 | -€728 | -98.0% |
| Taxes, remuneration and social security | 45 | €2,331 | €6,202 | +€3,871 | +166.1% |
| Taxes | 450/3 | €2,331 | €6,202 | +€3,871 | +166.1% |
| Other amounts payable | 47/48 | €194,625 | €177,625 | -€17,000 | -8.7% |
| Non-recurring operating income | 76A | €114,653 | - | -€114,653 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,701 | €5,295 | -€15,406 | -74.4% |
| Other operating charges | 640/8 | €4,111 | €730 | -€3,381 | -82.3% |
| Gross operating margin | 9900 | €130,073 | €20,078 | -€109,995 | -84.6% |
| Operating profit (loss) | 9901 | €105,261 | €14,053 | -€91,208 | -86.6% |
| Financial charges | 65/66B | €104 | €131 | +€26 | +25.1% |
| Recurring financial charges | 65 | €104 | €131 | +€26 | +25.1% |
| Profit (loss) for the period before taxes | 9903 | €105,156 | €13,922 | -€91,234 | -86.8% |
| Income taxes | 67/77 | €17,516 | €11,335 | -€6,182 | -35.3% |
| Profit (loss) for the period | 9904 | €87,640 | €2,588 | -€85,052 | -97.0% |
| Profit (loss) for the period to be appropriated | 9905 | €87,640 | €2,588 | -€85,052 | -97.0% |
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.