ANTICO: 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.
ANTICO
Largest movements
- Tangible fixed assets -€66,474
down €66,474 (-23.7%), from €280,573 to €214,099
of which Plant, machinery and equipment: -€44,254
- Cash +€45,607
up €45,607 (+92.9%), from €49,090 to €94,697
mainly Net result for the year (+€74,018) and Depreciation (+€71,643)
- Receivables within one year +€40,050
up €40,050 (+438%), from €9,145 to €49,194
of which Other amounts receivable: +€31,383
- Profit (loss) carried forward +€74,018
up €74,018 (+1,396%), from €5,302 to €79,320
- Trade debts -€56,975
down €56,975 (-69.2%), from €82,310 to €25,335
- Tax, wage and social debts +€35,143
up €35,143 (+64.5%), from €54,510 to €89,653
of which Taxes: +€32,189
- Debts after one year -€12,498
down €12,498 (-40.9%), from €30,526 to €18,028
- Other debts -€11,256
down €11,256 (-6.8%), from €164,768 to €153,512
- Gross operating margin +€81,387
up €81,387 (+14.2%), from €571,781 to €653,168
- Taxes +€26,228
up €26,228 (+12,681%), from €207 to €26,435
- Staff costs -€21,075
down €21,075 (-4.4%), from €483,765 to €462,690
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 | €359,436 | €381,346 | +€21,910 | +6.1% |
| Fixed assets | 21/28 | €293,173 | €229,299 | -€63,874 | -21.8% |
| Tangible fixed assets | 22/27 | €280,573 | €214,099 | -€66,474 | -23.7% |
| Plant, machinery and equipment | 23 | €143,097 | €98,842 | -€44,254 | -30.9% |
| Furniture and vehicles | 24 | €12,496 | €9,736 | -€2,760 | -22.1% |
| Other tangible fixed assets | 26 | €124,980 | €105,521 | -€19,459 | -15.6% |
| Financial fixed assets | 28 | €12,600 | €15,200 | +€2,600 | +20.6% |
| Current assets | 29/58 | €66,263 | €152,047 | +€85,783 | +129% |
| Stocks and contracts in progress | 3 | €7,002 | €7,002 | = | 0.0% |
| Stocks | 30/36 | €7,002 | €7,002 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €9,145 | €49,194 | +€40,050 | +438% |
| Trade receivables | 40 | €9,145 | €17,812 | +€8,667 | +94.8% |
| Other amounts receivable | 41 | €0 | €31,383 | +€31,383 | |
| Cash at bank and in hand | 54/58 | €49,090 | €94,697 | +€45,607 | +92.9% |
| Deferred charges and accrued income | 490/1 | €1,027 | €1,153 | +€126 | +12.3% |
| Total equity and liabilities | 10/49 | €359,436 | €381,346 | +€21,910 | +6.1% |
| Equity | 10/15 | €8,302 | €82,320 | +€74,018 | +892% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,302 | €79,320 | +€74,018 | +1,396% |
| Amounts payable | 17/49 | €351,135 | €299,026 | -€52,109 | -14.8% |
| Amounts payable after more than one year | 17 | €30,526 | €18,028 | -€12,498 | -40.9% |
| Financial debts | 170/4 | €30,526 | €18,028 | -€12,498 | -40.9% |
| Amounts payable within one year | 42/48 | €314,381 | €280,998 | -€33,384 | -10.6% |
| Current portion of amounts payable after more than one year | 42 | €12,793 | €12,498 | -€295 | -2.3% |
| Trade debts | 44 | €82,310 | €25,335 | -€56,975 | -69.2% |
| Suppliers | 440/4 | €82,310 | €25,335 | -€56,975 | -69.2% |
| Taxes, remuneration and social security | 45 | €54,510 | €89,653 | +€35,143 | +64.5% |
| Taxes | 450/3 | €14,301 | €46,490 | +€32,189 | +225% |
| Remuneration and social security | 454/9 | €40,209 | €43,163 | +€2,954 | +7.3% |
| Other amounts payable | 47/48 | €164,768 | €153,512 | -€11,256 | -6.8% |
| Accrued charges and deferred income | 492/3 | €6,227 | €0 | -€6,227 | -100% |
| Non-recurring operating income | 76A | - | €358 | +€358 | |
| Remuneration, social security and pensions | 62 | €483,765 | €462,690 | -€21,075 | -4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,084 | €71,643 | +€3,559 | +5.2% |
| Other operating charges | 640/8 | €4,748 | €5,504 | +€757 | +15.9% |
| Gross operating margin | 9900 | €571,781 | €653,168 | +€81,387 | +14.2% |
| Operating profit (loss) | 9901 | €15,184 | €113,331 | +€98,148 | +646% |
| Financial income | 75/76B | €190 | €53 | -€137 | -72.2% |
| Recurring financial income | 75 | €190 | €53 | -€137 | -72.2% |
| Financial charges | 65/66B | €10,396 | €12,931 | +€2,535 | +24.4% |
| Recurring financial charges | 65 | €10,396 | €12,931 | +€2,535 | +24.4% |
| Profit (loss) for the period before taxes | 9903 | €4,978 | €100,454 | +€95,475 | +1,918% |
| Income taxes | 67/77 | €207 | €26,435 | +€26,228 | +12,681% |
| Profit (loss) for the period | 9904 | €4,772 | €74,018 | +€69,247 | +1,451% |
| Profit (loss) for the period to be appropriated | 9905 | €4,772 | €74,018 | +€69,247 | +1,451% |
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 14 October 2026 via checked.be.