ANTENOR AUCTION: 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.
ANTENOR AUCTION
Largest movements
- Cash -€148,843
down €148,843 (-32.6%), from €456,158 to €307,315
mainly Receivables within one year (-€86,592) and Net result for the year (-€57,785)
- Receivables within one year +€86,592
up €86,592 (+51.7%), from €167,502 to €254,094
of which Trade receivables: +€100,220
- Tangible fixed assets -€12,980
down €12,980 (-68.1%), from €19,053 to €6,073
- Profit (loss) carried forward -€57,785
down €57,785 (-16.9%), from -€341,346 to -€399,131
- Other debts -€17,176
down €17,176 (-100%), from €17,176 to €0
- Tax, wage and social debts +€12,133
up €12,133 (+96.8%), from €12,531 to €24,664
of which Remuneration and social security: +€12,123
- Current portion of long-term debt -€7,595
down €7,595 (-100%), from €7,595 to €0
- Gross operating margin +€111,432
up €111,432, from -€6,931 to €104,501
- Other operating charges +€29,071
up €29,071 (+2,127%), from €1,367 to €30,437
- Staff costs +€5,546
up €5,546 (+5.3%), from €105,033 to €110,578
- Depreciation -€2,510
down €2,510 (-14.5%), from €17,347 to €14,837
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 | €661,794 | €588,444 | -€73,350 | -11.1% |
| Formation expenses | 20 | €192 | €0 | -€192 | -100% |
| Fixed assets | 21/28 | €25,488 | €10,843 | -€14,645 | -57.5% |
| Intangible fixed assets | 21 | €2,154 | €489 | -€1,665 | -77.3% |
| Tangible fixed assets | 22/27 | €19,053 | €6,073 | -€12,980 | -68.1% |
| Furniture and vehicles | 24 | €9,038 | €5,426 | -€3,613 | -40.0% |
| Leasing and similar rights | 25 | €4,278 | €0 | -€4,278 | -100% |
| Other tangible fixed assets | 26 | €5,737 | €647 | -€5,089 | -88.7% |
| Financial fixed assets | 28 | €4,281 | €4,281 | = | 0.0% |
| Current assets | 29/58 | €636,114 | €577,601 | -€58,513 | -9.2% |
| Stocks and contracts in progress | 3 | €2,640 | €1,470 | -€1,170 | -44.3% |
| Stocks | 30/36 | €2,640 | €1,470 | -€1,170 | -44.3% |
| Amounts receivable within one year | 40/41 | €167,502 | €254,094 | +€86,592 | +51.7% |
| Trade receivables | 40 | €152,777 | €252,997 | +€100,220 | +65.6% |
| Other amounts receivable | 41 | €14,725 | €1,097 | -€13,628 | -92.6% |
| Cash at bank and in hand | 54/58 | €456,158 | €307,315 | -€148,843 | -32.6% |
| Deferred charges and accrued income | 490/1 | €9,814 | €14,722 | +€4,908 | +50.0% |
| Total equity and liabilities | 10/49 | €661,794 | €588,444 | -€73,350 | -11.1% |
| Equity | 10/15 | €53,695 | -€4,090 | -€57,785 | |
| Contributions | 10/11 | €105,000 | €105,000 | = | 0.0% |
| Reserves | 13 | €290,041 | €290,041 | = | 0.0% |
| Distributable reserves | 133 | €290,041 | €290,041 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€341,346 | -€399,131 | -€57,785 | -16.9% |
| Amounts payable | 17/49 | €608,099 | €592,533 | -€15,566 | -2.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €607,736 | €592,533 | -€15,203 | -2.5% |
| Current portion of amounts payable after more than one year | 42 | €7,595 | €0 | -€7,595 | -100% |
| Trade debts | 44 | €570,434 | €567,869 | -€2,565 | -0.4% |
| Suppliers | 440/4 | €570,434 | €567,869 | -€2,565 | -0.4% |
| Advances received on contracts in progress | 46 | €0 | €0 | = | |
| Taxes, remuneration and social security | 45 | €12,531 | €24,664 | +€12,133 | +96.8% |
| Taxes | 450/3 | €313 | €323 | +€10 | +3.3% |
| Remuneration and social security | 454/9 | €12,218 | €24,341 | +€12,123 | +99.2% |
| Other amounts payable | 47/48 | €17,176 | €0 | -€17,176 | -100% |
| Accrued charges and deferred income | 492/3 | €363 | €0 | -€363 | -100% |
| Remuneration, social security and pensions | 62 | €105,033 | €110,578 | +€5,546 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,347 | €14,837 | -€2,510 | -14.5% |
| Other operating charges | 640/8 | €1,367 | €30,437 | +€29,071 | +2,127% |
| Gross operating margin | 9900 | -€6,931 | €104,501 | +€111,432 | |
| Operating profit (loss) | 9901 | -€130,678 | -€51,352 | +€79,326 | +60.7% |
| Financial charges | 65/66B | €5,717 | €6,110 | +€393 | +6.9% |
| Recurring financial charges | 65 | €5,717 | €6,110 | +€393 | +6.9% |
| Profit (loss) for the period before taxes | 9903 | -€136,395 | -€57,462 | +€78,933 | +57.9% |
| Income taxes | 67/77 | €313 | €323 | +€10 | +3.3% |
| Profit (loss) for the period | 9904 | -€136,708 | -€57,785 | +€78,923 | +57.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€136,708 | -€57,785 | +€78,923 | +57.7% |
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 25 October 2026 via checked.be.