ANTICOBRA: 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.
ANTICOBRA
Largest movements
- Cash -€6,981
down €6,981 (-5.8%), from €119,760 to €112,779
mainly Net result for the year (-€8,186) and Receivables within one year (-€1,996)
- Receivables within one year +€1,996
up €1,996 (+4.1%), from €48,749 to €50,746
of which Trade receivables: +€1,964
- Profit (loss) carried forward -€8,186
new in 2025: -€8,186
- Tax, wage and social debts +€1,780
up €1,780 (+108.4%), from €1,641 to €3,421
- Gross operating margin +€6,490
up €6,490 (+49.3%), from -€13,170 to -€6,680
- Depreciation +€411
up €411 (+49.5%), from €829 to €1,240
- Other operating charges -€177
down €177 (-21.4%), from €826 to €650
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.
Cash bridge derived
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 | €171,573 | €165,907 | -€5,666 | -3.3% |
| Fixed assets | 21/28 | €2,938 | €1,698 | -€1,240 | -42.2% |
| Tangible fixed assets | 22/27 | €2,891 | €1,651 | -€1,240 | -42.9% |
| Plant, machinery and equipment | 23 | €2,891 | €1,651 | -€1,240 | -42.9% |
| Financial fixed assets | 28 | €48 | €48 | = | 0.0% |
| Current assets | 29/58 | €168,634 | €164,208 | -€4,426 | -2.6% |
| Amounts receivable within one year | 40/41 | €48,749 | €50,746 | +€1,996 | +4.1% |
| Trade receivables | 40 | €48,553 | €50,516 | +€1,964 | +4.0% |
| Other amounts receivable | 41 | €197 | €230 | +€33 | +16.7% |
| Cash at bank and in hand | 54/58 | €119,760 | €112,779 | -€6,981 | -5.8% |
| Deferred charges and accrued income | 490/1 | €125 | €684 | +€559 | +446.9% |
| Total equity and liabilities | 10/49 | €171,573 | €165,907 | -€5,666 | -3.3% |
| Equity | 10/15 | €157,985 | €149,799 | -€8,186 | -5.2% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €145,485 | €145,485 | = | 0.0% |
| Distributable reserves | 133 | €145,485 | €145,485 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€8,186 | -€8,186 | |
| Amounts payable | 17/49 | €13,587 | €16,108 | +€2,520 | +18.5% |
| Amounts payable within one year | 42/48 | €13,587 | €16,108 | +€2,520 | +18.5% |
| Trade debts | 44 | €299 | €1,033 | +€734 | +245.4% |
| Suppliers | 440/4 | €299 | €1,033 | +€734 | +245.4% |
| Taxes, remuneration and social security | 45 | €1,641 | €3,421 | +€1,780 | +108.4% |
| Taxes | 450/3 | €1,641 | €3,421 | +€1,780 | +108.4% |
| Other amounts payable | 47/48 | €11,647 | €11,653 | +€7 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €829 | €1,240 | +€411 | +49.5% |
| Other operating charges | 640/8 | €826 | €650 | -€177 | -21.4% |
| Gross operating margin | 9900 | -€13,170 | -€6,680 | +€6,490 | +49.3% |
| Operating profit (loss) | 9901 | -€14,825 | -€8,569 | +€6,256 | +42.2% |
| Financial income | 75/76B | €528 | €658 | +€130 | +24.6% |
| Recurring financial income | 75 | €528 | €658 | +€130 | +24.6% |
| Financial charges | 65/66B | €125 | €142 | +€17 | +13.4% |
| Recurring financial charges | 65 | €125 | €142 | +€17 | +13.4% |
| Profit (loss) for the period before taxes | 9903 | -€14,422 | -€8,053 | +€6,369 | +44.2% |
| Income taxes | 67/77 | €202 | €133 | -€69 | -34.1% |
| Profit (loss) for the period | 9904 | -€14,624 | -€8,186 | +€6,438 | +44.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,624 | -€8,186 | +€6,438 | +44.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.