ANTEO CONSEILS: 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.
ANTEO CONSEILS
Largest movements
- Cash -€117,275
down €117,275 (-81.7%), from €143,554 to €26,279
mainly Net result for the year (-€162,492) and Tax, wage and social debts (-€28,394)
- Receivables within one year -€22,807
down €22,807 (-23.7%), from €96,400 to €73,593
of which Trade receivables: -€66,066
- Tangible fixed assets -€9,701
down €9,701 (-36.2%), from €26,809 to €17,108
of which Furniture and vehicles: -€8,776
- Profit (loss) carried forward -€162,492
down €162,492, from €85,616 to -€76,876
- Short-term financial debts +€50,000
new in 2025: €50,000
- Tax, wage and social debts -€28,394
down €28,394 (-58.1%), from €48,833 to €20,439
- Other debts -€5,863
down €5,863 (-4.5%), from €130,459 to €124,596
- Trade debts -€3,245
down €3,245 (-67.1%), from €4,833 to €1,588
- Gross operating margin -€161,928
down €161,928, from €12,141 to -€149,787
- Taxes -€2,138
down €2,138 (-86.5%), from €2,472 to €334
- Other operating charges +€1,841
up €1,841 (+1,459%), from €126 to €1,968
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 | €272,740 | €122,746 | -€149,994 | -55.0% |
| Fixed assets | 21/28 | €26,809 | €19,108 | -€7,701 | -28.7% |
| Tangible fixed assets | 22/27 | €26,809 | €17,108 | -€9,701 | -36.2% |
| Plant, machinery and equipment | 23 | €925 | - | -€925 | |
| Furniture and vehicles | 24 | €25,884 | €17,108 | -€8,776 | -33.9% |
| Financial fixed assets | 28 | - | €2,000 | +€2,000 | |
| Current assets | 29/58 | €245,931 | €103,639 | -€142,292 | -57.9% |
| Amounts receivable within one year | 40/41 | €96,400 | €73,593 | -€22,807 | -23.7% |
| Trade receivables | 40 | €66,150 | €84 | -€66,066 | -99.9% |
| Other amounts receivable | 41 | €30,250 | €73,509 | +€43,259 | +143% |
| Cash at bank and in hand | 54/58 | €143,554 | €26,279 | -€117,275 | -81.7% |
| Deferred charges and accrued income | 490/1 | €5,977 | €3,767 | -€2,210 | -37.0% |
| Total equity and liabilities | 10/49 | €272,740 | €122,746 | -€149,994 | -55.0% |
| Equity | 10/15 | €88,616 | -€73,876 | -€162,492 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €85,616 | -€76,876 | -€162,492 | |
| Amounts payable | 17/49 | €184,125 | €196,623 | +€12,498 | +6.8% |
| Amounts payable within one year | 42/48 | €184,125 | €196,623 | +€12,498 | +6.8% |
| Financial debts | 43 | - | €50,000 | +€50,000 | |
| Credit institutions | 430/8 | - | €50,000 | +€50,000 | |
| Trade debts | 44 | €4,833 | €1,588 | -€3,245 | -67.1% |
| Suppliers | 440/4 | €4,833 | €1,588 | -€3,245 | -67.1% |
| Taxes, remuneration and social security | 45 | €48,833 | €20,439 | -€28,394 | -58.1% |
| Taxes | 450/3 | €48,833 | €20,439 | -€28,394 | -58.1% |
| Other amounts payable | 47/48 | €130,459 | €124,596 | -€5,863 | -4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,167 | €9,701 | +€534 | +5.8% |
| Other operating charges | 640/8 | €126 | €1,968 | +€1,841 | +1,459% |
| Gross operating margin | 9900 | €12,141 | -€149,787 | -€161,928 | |
| Operating profit (loss) | 9901 | €2,848 | -€161,456 | -€164,304 | |
| Financial income | 75/76B | - | €368 | +€368 | |
| Recurring financial income | 75 | - | €368 | +€368 | |
| Financial charges | 65/66B | €72 | €1,070 | +€998 | +1,393% |
| Recurring financial charges | 65 | €72 | €1,070 | +€998 | +1,393% |
| Profit (loss) for the period before taxes | 9903 | €2,776 | -€162,158 | -€164,934 | |
| Income taxes | 67/77 | €2,472 | €334 | -€2,138 | -86.5% |
| Profit (loss) for the period | 9904 | €304 | -€162,492 | -€162,795 | |
| Profit (loss) for the period to be appropriated | 9905 | €304 | -€162,492 | -€162,795 |
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 29 October 2026 via checked.be.