ANTEMAI: 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.
ANTEMAI
Largest movements
- Tangible fixed assets -€4,277
down €4,277 (-26.0%), from €16,455 to €12,178
of which Other tangible fixed assets: -€3,685
- Receivables within one year -€3,768
down €3,768 (-15.9%), from €23,634 to €19,866
of which Trade receivables: -€6,773
- Cash -€2,282
down €2,282 (-5.3%), from €42,786 to €40,504
mainly Contributions, distributions and other (-€18,348) and Investment in fixed assets (net) (-€2,002)
- Deferred charges and accrued income +€1,730
up €1,730 (+73.7%), from €2,346 to €4,076
- Reserves -€17,206
down €17,206 (-26.6%), from €64,613 to €47,407
- Other debts +€8,007
up €8,007 (+384%), from €2,087 to €10,094
- Gross operating margin -€9,983
down €9,983 (-16.1%), from €61,991 to €52,008
- Financial charges -€6,314
down €6,314 (-13.2%), from €48,012 to €41,699
- Taxes -€1,467
down €1,467 (-43.7%), from €3,355 to €1,888
- Depreciation +€930
up €930 (+17.4%), from €5,348 to €6,278
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 | €85,221 | €76,625 | -€8,596 | -10.1% |
| Fixed assets | 21/28 | €16,455 | €12,178 | -€4,277 | -26.0% |
| Tangible fixed assets | 22/27 | €16,455 | €12,178 | -€4,277 | -26.0% |
| Plant, machinery and equipment | 23 | €5,638 | €5,047 | -€591 | -10.5% |
| Other tangible fixed assets | 26 | €10,817 | €7,131 | -€3,685 | -34.1% |
| Current assets | 29/58 | €68,766 | €64,446 | -€4,319 | -6.3% |
| Amounts receivable within one year | 40/41 | €23,634 | €19,866 | -€3,768 | -15.9% |
| Trade receivables | 40 | €21,989 | €15,216 | -€6,773 | -30.8% |
| Other amounts receivable | 41 | €1,645 | €4,650 | +€3,005 | +183% |
| Cash at bank and in hand | 54/58 | €42,786 | €40,504 | -€2,282 | -5.3% |
| Deferred charges and accrued income | 490/1 | €2,346 | €4,076 | +€1,730 | +73.7% |
| Total equity and liabilities | 10/49 | €85,221 | €76,625 | -€8,596 | -10.1% |
| Equity | 10/15 | €77,013 | €59,807 | -€17,206 | -22.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €64,613 | €47,407 | -€17,206 | -26.6% |
| Distributable reserves | 133 | €64,613 | €47,407 | -€17,206 | -26.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €8,207 | €16,817 | +€8,610 | +105% |
| Amounts payable within one year | 42/48 | €7,820 | €16,418 | +€8,598 | +110% |
| Trade debts | 44 | €899 | €958 | +€58 | +6.5% |
| Suppliers | 440/4 | €899 | €958 | +€58 | +6.5% |
| Taxes, remuneration and social security | 45 | €4,834 | €5,366 | +€532 | +11.0% |
| Taxes | 450/3 | €4,834 | €5,366 | +€532 | +11.0% |
| Other amounts payable | 47/48 | €2,087 | €10,094 | +€8,007 | +384% |
| Accrued charges and deferred income | 492/3 | €387 | €400 | +€12 | +3.2% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,348 | €6,278 | +€930 | +17.4% |
| Other operating charges | 640/8 | €1,243 | €1,140 | -€103 | -8.3% |
| Gross operating margin | 9900 | €61,991 | €52,008 | -€9,983 | -16.1% |
| Operating profit (loss) | 9901 | €55,400 | €44,590 | -€10,810 | -19.5% |
| Financial income | 75/76B | - | €139 | +€139 | |
| Recurring financial income | 75 | - | €139 | +€139 | |
| Financial charges | 65/66B | €48,012 | €41,699 | -€6,314 | -13.2% |
| Recurring financial charges | 65 | €48,012 | €41,699 | -€6,314 | -13.2% |
| Profit (loss) for the period before taxes | 9903 | €7,387 | €3,030 | -€4,357 | -59.0% |
| Income taxes | 67/77 | €3,355 | €1,888 | -€1,467 | -43.7% |
| Profit (loss) for the period | 9904 | €4,032 | €1,142 | -€2,890 | -71.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,032 | €1,142 | -€2,890 | -71.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.