ANTENNO: 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.
ANTENNO
Largest movements
- Cash +€135,678
up €135,678 (+145%), from €93,571 to €229,248
mainly Other debts (+€139,959) and Net result for the year (+€96,818)
- Receivables within one year +€50,117
up €50,117 (+38.8%), from €129,096 to €179,213
of which Trade receivables: +€46,416
- Tangible fixed assets -€23,169
down €23,169 (-32.1%), from €72,075 to €48,906
of which Land and buildings: -€20,416
- Other debts +€139,959
up €139,959 (+6,327%), from €2,212 to €142,171
- Tax, wage and social debts +€46,497
up €46,497 (+170%), from €27,322 to €73,818
of which Remuneration and social security: +€25,806
- Reserves -€43,182
down €43,182 (-23.6%), from €183,089 to €139,907
- Trade debts +€39,853
up €39,853 (+80.6%), from €49,443 to €89,297
- Debts after one year -€10,849
down €10,849 (-100%), from €10,849 to €0
- Gross operating margin +€204,955
up €204,955 (+91.3%), from €224,514 to €429,468
- Staff costs +€132,060
up €132,060 (+108%), from €122,556 to €254,616
- Taxes +€15,993
up €15,993 (+77.2%), from €20,728 to €36,721
- Other operating charges +€15,447
up €15,447 (+667%), from €2,317 to €17,764
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 | €296,051 | €462,242 | +€166,191 | +56.1% |
| Fixed assets | 21/28 | €73,095 | €49,926 | -€23,169 | -31.7% |
| Tangible fixed assets | 22/27 | €72,075 | €48,906 | -€23,169 | -32.1% |
| Land and buildings | 22 | €63,271 | €42,855 | -€20,416 | -32.3% |
| Plant, machinery and equipment | 23 | €4,545 | €2,851 | -€1,694 | -37.3% |
| Furniture and vehicles | 24 | €4,259 | €3,200 | -€1,059 | -24.9% |
| Financial fixed assets | 28 | €1,020 | €1,020 | = | 0.0% |
| Current assets | 29/58 | €222,956 | €412,316 | +€189,360 | +84.9% |
| Amounts receivable within one year | 40/41 | €129,096 | €179,213 | +€50,117 | +38.8% |
| Trade receivables | 40 | €127,018 | €173,434 | +€46,416 | +36.5% |
| Other amounts receivable | 41 | €2,079 | €5,779 | +€3,701 | +178% |
| Cash at bank and in hand | 54/58 | €93,571 | €229,248 | +€135,678 | +145% |
| Deferred charges and accrued income | 490/1 | €289 | €3,855 | +€3,566 | +1,233% |
| Total equity and liabilities | 10/49 | €296,051 | €462,242 | +€166,191 | +56.1% |
| Equity | 10/15 | €190,497 | €146,107 | -€44,390 | -23.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €183,089 | €139,907 | -€43,182 | -23.6% |
| Distributable reserves | 133 | €183,089 | €139,907 | -€43,182 | -23.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Investment grants | 15 | €1,208 | €0 | -€1,208 | -100% |
| Amounts payable | 17/49 | €105,554 | €316,135 | +€210,581 | +200% |
| Amounts payable after more than one year | 17 | €10,849 | €0 | -€10,849 | -100% |
| Financial debts | 170/4 | €10,849 | €0 | -€10,849 | -100% |
| Amounts payable within one year | 42/48 | €94,705 | €316,135 | +€221,430 | +234% |
| Current portion of amounts payable after more than one year | 42 | €15,728 | €10,849 | -€4,878 | -31.0% |
| Trade debts | 44 | €49,443 | €89,297 | +€39,853 | +80.6% |
| Suppliers | 440/4 | €49,443 | €89,297 | +€39,853 | +80.6% |
| Taxes, remuneration and social security | 45 | €27,322 | €73,818 | +€46,497 | +170% |
| Taxes | 450/3 | €14,126 | €34,817 | +€20,691 | +146% |
| Remuneration and social security | 454/9 | €13,196 | €39,001 | +€25,806 | +196% |
| Other amounts payable | 47/48 | €2,212 | €142,171 | +€139,959 | +6,327% |
| Remuneration, social security and pensions | 62 | €122,556 | €254,616 | +€132,060 | +108% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,792 | €23,626 | -€3,166 | -11.8% |
| Other operating charges | 640/8 | €2,317 | €17,764 | +€15,447 | +667% |
| Gross operating margin | 9900 | €224,514 | €429,468 | +€204,955 | +91.3% |
| Operating profit (loss) | 9901 | €72,848 | €133,462 | +€60,614 | +83.2% |
| Financial income | 75/76B | €2,127 | €1,651 | -€476 | -22.4% |
| Recurring financial income | 75 | €2,127 | €1,651 | -€476 | -22.4% |
| Financial charges | 65/66B | €2,062 | €1,574 | -€488 | -23.7% |
| Recurring financial charges | 65 | €2,062 | €1,574 | -€488 | -23.7% |
| Profit (loss) for the period before taxes | 9903 | €72,913 | €133,539 | +€60,626 | +83.1% |
| Income taxes | 67/77 | €20,728 | €36,721 | +€15,993 | +77.2% |
| Profit (loss) for the period | 9904 | €52,185 | €96,818 | +€44,633 | +85.5% |
| Profit (loss) for the period to be appropriated | 9905 | €52,185 | €96,818 | +€44,633 | +85.5% |
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 18 October 2026 via checked.be.