Antenna: 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.
Antenna
Largest movements
- Receivables within one year +€41,763
up €41,763 (+16.5%), from €253,465 to €295,228
of which Trade receivables: +€40,388
- Cash +€8,719
up €8,719 (+7.5%), from €116,501 to €125,221
mainly Trade debts (+€27,514) and Tax, wage and social debts (+€19,528)
- Trade debts +€27,514
up €27,514 (+19.6%), from €140,603 to €168,118
- Tax, wage and social debts +€19,528
up €19,528 (+21.6%), from €90,386 to €109,915
of which Remuneration and social security: +€9,859
- Staff costs +€153,894
up €153,894 (+41.8%), from €368,549 to €522,443
- Gross operating margin +€141,006
up €141,006 (+34.1%), from €414,022 to €555,028
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 | €381,131 | €433,536 | +€52,404 | +13.7% |
| Fixed assets | 21/28 | €7,100 | €5,599 | -€1,501 | -21.1% |
| Tangible fixed assets | 22/27 | €7,100 | €5,599 | -€1,501 | -21.1% |
| Plant, machinery and equipment | 23 | €2,870 | €1,637 | -€1,233 | -43.0% |
| Furniture and vehicles | 24 | €4,230 | €3,962 | -€268 | -6.3% |
| Current assets | 29/58 | €374,032 | €427,937 | +€53,905 | +14.4% |
| Amounts receivable within one year | 40/41 | €253,465 | €295,228 | +€41,763 | +16.5% |
| Trade receivables | 40 | €251,489 | €291,877 | +€40,388 | +16.1% |
| Other amounts receivable | 41 | €1,976 | €3,351 | +€1,375 | +69.6% |
| Cash at bank and in hand | 54/58 | €116,501 | €125,221 | +€8,719 | +7.5% |
| Deferred charges and accrued income | 490/1 | €4,065 | €7,488 | +€3,423 | +84.2% |
| Total equity and liabilities | 10/49 | €381,131 | €433,536 | +€52,404 | +13.7% |
| Equity | 10/15 | €142,104 | €145,381 | +€3,277 | +2.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €135,904 | €139,181 | +€3,277 | +2.4% |
| Distributable reserves | 133 | €135,904 | €139,181 | +€3,277 | +2.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €239,027 | €288,155 | +€49,128 | +20.6% |
| Amounts payable within one year | 42/48 | €239,027 | €288,155 | +€49,128 | +20.6% |
| Financial debts | 43 | €5,950 | €8,440 | +€2,490 | +41.8% |
| Credit institutions | 430/8 | €5,950 | €8,440 | +€2,490 | +41.8% |
| Trade debts | 44 | €140,603 | €168,118 | +€27,514 | +19.6% |
| Suppliers | 440/4 | €140,603 | €168,118 | +€27,514 | +19.6% |
| Taxes, remuneration and social security | 45 | €90,386 | €109,915 | +€19,528 | +21.6% |
| Taxes | 450/3 | €32,108 | €41,777 | +€9,669 | +30.1% |
| Remuneration and social security | 454/9 | €58,279 | €68,138 | +€9,859 | +16.9% |
| Other amounts payable | 47/48 | €2,087 | €1,682 | -€405 | -19.4% |
| Remuneration, social security and pensions | 62 | €368,549 | €522,443 | +€153,894 | +41.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,561 | €2,501 | -€61 | -2.4% |
| Other operating charges | 640/8 | €1,456 | €1,292 | -€164 | -11.3% |
| Gross operating margin | 9900 | €414,022 | €555,028 | +€141,006 | +34.1% |
| Operating profit (loss) | 9901 | €41,456 | €28,792 | -€12,664 | -30.5% |
| Financial income | 75/76B | €0 | €80 | +€80 | +798,400% |
| Recurring financial income | 75 | €0 | €80 | +€80 | +798,400% |
| Financial charges | 65/66B | €5,907 | €8,736 | +€2,830 | +47.9% |
| Recurring financial charges | 65 | €5,907 | €8,736 | +€2,830 | +47.9% |
| Profit (loss) for the period before taxes | 9903 | €35,549 | €20,136 | -€15,413 | -43.4% |
| Income taxes | 67/77 | €18,247 | €16,859 | -€1,388 | -7.6% |
| Profit (loss) for the period | 9904 | €17,302 | €3,277 | -€14,025 | -81.1% |
| Profit (loss) for the period to be appropriated | 9905 | €17,302 | €3,277 | -€14,025 | -81.1% |
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 25 October 2026 via checked.be.