ANTERS: 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.
ANTERS
Largest movements
- Receivables within one year -€28,692
down €28,692 (-49.6%), from €57,866 to €29,175
of which Other amounts receivable: -€15,382
- Cash +€25,835
up €25,835 (+16.8%), from €153,665 to €179,501
mainly Net result for the year (+€60,098) and Receivables within one year (+€28,692)
- Tangible fixed assets -€4,996
down €4,996 (-11.9%), from €41,835 to €36,839
of which Other tangible fixed assets: -€5,241
- Reserves +€60,098
up €60,098 (+38.6%), from €155,879 to €215,977
- Profit (loss) carried forward -€33,881
down €33,881 (-100%), from €33,881 to €0
- Other debts -€27,842
down €27,842 (-92.8%), from €30,000 to €2,158
- Tax, wage and social debts -€9,387
down €9,387 (-58.1%), from €16,153 to €6,766
of which Taxes: -€11,552
- Trade debts +€2,694
up €2,694, from €0 to €2,694
- Staff costs +€28,641
up €28,641 (+139%), from €20,648 to €49,289
- Gross operating margin +€28,096
up €28,096 (+24.1%), from €116,457 to €144,552
- Depreciation +€3,358
up €3,358 (+92.2%), from €3,642 to €7,000
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 | €254,463 | €246,146 | -€8,317 | -3.3% |
| Fixed assets | 21/28 | €41,990 | €36,994 | -€4,996 | -11.9% |
| Tangible fixed assets | 22/27 | €41,835 | €36,839 | -€4,996 | -11.9% |
| Plant, machinery and equipment | 23 | - | €1,611 | +€1,611 | |
| Furniture and vehicles | 24 | €1,983 | €617 | -€1,366 | -68.9% |
| Other tangible fixed assets | 26 | €39,852 | €34,612 | -€5,241 | -13.2% |
| Financial fixed assets | 28 | €155 | €155 | = | 0.0% |
| Current assets | 29/58 | €212,473 | €209,151 | -€3,322 | -1.6% |
| Amounts receivable within one year | 40/41 | €57,866 | €29,175 | -€28,692 | -49.6% |
| Trade receivables | 40 | €40,913 | €27,604 | -€13,309 | -32.5% |
| Other amounts receivable | 41 | €16,953 | €1,571 | -€15,382 | -90.7% |
| Cash at bank and in hand | 54/58 | €153,665 | €179,501 | +€25,835 | +16.8% |
| Deferred charges and accrued income | 490/1 | €941 | €475 | -€465 | -49.5% |
| Total equity and liabilities | 10/49 | €254,463 | €246,146 | -€8,317 | -3.3% |
| Equity | 10/15 | €208,310 | €234,527 | +€26,218 | +12.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €155,879 | €215,977 | +€60,098 | +38.6% |
| Distributable reserves | 133 | €155,879 | €215,977 | +€60,098 | +38.6% |
| Profit (loss) carried forward | 14 | €33,881 | €0 | -€33,881 | -100% |
| Amounts payable | 17/49 | €46,153 | €11,618 | -€34,535 | -74.8% |
| Amounts payable within one year | 42/48 | €46,153 | €11,618 | -€34,535 | -74.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €0 | €2,694 | +€2,694 | |
| Suppliers | 440/4 | €0 | €2,694 | +€2,694 | |
| Taxes, remuneration and social security | 45 | €16,153 | €6,766 | -€9,387 | -58.1% |
| Taxes | 450/3 | €11,552 | €0 | -€11,552 | -100% |
| Remuneration and social security | 454/9 | €4,601 | €6,766 | +€2,165 | +47.1% |
| Other amounts payable | 47/48 | €30,000 | €2,158 | -€27,842 | -92.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €20,648 | €49,289 | +€28,641 | +139% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,642 | €7,000 | +€3,358 | +92.2% |
| Other operating charges | 640/8 | €2,628 | €3,213 | +€586 | +22.3% |
| Gross operating margin | 9900 | €116,457 | €144,552 | +€28,096 | +24.1% |
| Operating profit (loss) | 9901 | €89,539 | €85,050 | -€4,489 | -5.0% |
| Financial income | 75/76B | €709 | €317 | -€392 | -55.3% |
| Recurring financial income | 75 | €709 | €317 | -€392 | -55.3% |
| Financial charges | 65/66B | €519 | €225 | -€294 | -56.6% |
| Recurring financial charges | 65 | €519 | €225 | -€294 | -56.6% |
| Profit (loss) for the period before taxes | 9903 | €89,729 | €85,142 | -€4,587 | -5.1% |
| Income taxes | 67/77 | €26,205 | €25,043 | -€1,162 | -4.4% |
| Profit (loss) for the period | 9904 | €63,524 | €60,098 | -€3,425 | -5.4% |
| Profit (loss) for the period to be appropriated | 9905 | €63,524 | €60,098 | -€3,425 | -5.4% |
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 16 October 2026 via checked.be.