ANTIGONE: 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.
ANTIGONE
Largest movements
- Financial fixed assets -€2.6m
no longer reported in 2025 (was €2.6m)
- Current investments +€1.5m
up €1.5m (+1,600%), from €92,510 to €1.6m
- Tangible fixed assets +€1.4m
up €1.4m (+163%), from €866,884 to €2.3m
of which Land and buildings: +€1.4m
- Receivables within one year +€251,250
up €251,250 (+235%), from €106,943 to €358,193
of which Trade receivables: +€224,193
- Cash +€67,825
up €67,825 (+47.6%), from €142,404 to €210,229
mainly Investment in fixed assets (net) (+€1.1m) and Net result for the year (+€842,583)
- Profit (loss) carried forward +€842,583
up €842,583 (+43.5%), from €1.9m to €2.8m
- Debts after one year -€367,208
down €367,208 (-35.0%), from €1.0m to €681,195
of which Other amounts payable: -€252,265
- Trade debts +€80,995
up €80,995 (+173%), from €46,694 to €127,689
- Other debts +€45,121
up €45,121 (+925%), from €4,879 to €50,000
- Financial income +€975,622
up €975,622 (+16,537%), from €5,900 to €981,522
- Gross operating margin -€343,016
down €343,016 (-50.6%), from €677,761 to €334,745
- Write-downs +€107,905
new in 2025: €107,905
- Taxes -€93,931
down €93,931 (-99.2%), from €94,682 to €751
- Depreciation +€12,542
up €12,542 (+12.2%), from €102,878 to €115,420
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 | €3,810,255 | €4,423,526 | +€613,271 | +16.1% |
| Fixed assets | 21/28 | €3,462,807 | €2,281,964 | -€1.2m | -34.1% |
| Tangible fixed assets | 22/27 | €866,884 | €2,281,964 | +€1.4m | +163% |
| Land and buildings | 22 | €740,684 | €2,175,331 | +€1.4m | +194% |
| Furniture and vehicles | 24 | €126,200 | €106,633 | -€19,568 | -15.5% |
| Financial fixed assets | 28 | €2,595,923 | - | -€2.6m | |
| Current assets | 29/58 | €347,448 | €2,141,562 | +€1.8m | +516% |
| Amounts receivable within one year | 40/41 | €106,943 | €358,193 | +€251,250 | +235% |
| Trade receivables | 40 | €32,839 | €257,032 | +€224,193 | +683% |
| Other amounts receivable | 41 | €74,104 | €101,161 | +€27,057 | +36.5% |
| Current investments | 50/53 | €92,510 | €1,572,640 | +€1.5m | +1,600% |
| Cash at bank and in hand | 54/58 | €142,404 | €210,229 | +€67,825 | +47.6% |
| Deferred charges and accrued income | 490/1 | €5,590 | €500 | -€5,090 | -91.1% |
| Total equity and liabilities | 10/49 | €3,810,255 | €4,423,526 | +€613,271 | +16.1% |
| Equity | 10/15 | €2,553,266 | €3,395,849 | +€842,583 | +33.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €553,184 | €553,184 | = | 0.0% |
| Tax-exempt reserves | 132 | €253,184 | €253,184 | = | 0.0% |
| Distributable reserves | 133 | €300,000 | €300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,938,082 | €2,780,665 | +€842,583 | +43.5% |
| Amounts payable | 17/49 | €1,256,989 | €1,027,677 | -€229,312 | -18.2% |
| Amounts payable after more than one year | 17 | €1,048,403 | €681,195 | -€367,208 | -35.0% |
| Financial debts | 170/4 | €785,520 | €670,577 | -€114,943 | -14.6% |
| Other amounts payable | 178/9 | €262,883 | €10,618 | -€252,265 | -96.0% |
| Amounts payable within one year | 42/48 | €207,646 | €342,083 | +€134,437 | +64.7% |
| Current portion of amounts payable after more than one year | 42 | €120,001 | €123,510 | +€3,510 | +2.9% |
| Trade debts | 44 | €46,694 | €127,689 | +€80,995 | +173% |
| Suppliers | 440/4 | €46,694 | €127,689 | +€80,995 | +173% |
| Taxes, remuneration and social security | 45 | €36,073 | €40,884 | +€4,811 | +13.3% |
| Taxes | 450/3 | €13,000 | €17,001 | +€4,001 | +30.8% |
| Remuneration and social security | 454/9 | €23,073 | €23,882 | +€810 | +3.5% |
| Other amounts payable | 47/48 | €4,879 | €50,000 | +€45,121 | +925% |
| Accrued charges and deferred income | 492/3 | €940 | €4,399 | +€3,459 | +368% |
| Non-recurring operating income | 76A | €301,783 | €16,529 | -€285,254 | -94.5% |
| Remuneration, social security and pensions | 62 | €196,051 | €204,464 | +€8,413 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102,878 | €115,420 | +€12,542 | +12.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €107,905 | +€107,905 | |
| Other operating charges | 640/8 | €8,687 | €1,846 | -€6,841 | -78.7% |
| Gross operating margin | 9900 | €677,761 | €334,745 | -€343,016 | -50.6% |
| Operating profit (loss) | 9901 | €370,145 | -€94,890 | -€465,035 | |
| Financial income | 75/76B | €5,900 | €981,522 | +€975,622 | +16,537% |
| Recurring financial income | 75 | €5,900 | €981,522 | +€975,622 | +16,537% |
| Financial charges | 65/66B | €35,264 | €43,298 | +€8,033 | +22.8% |
| Recurring financial charges | 65 | €35,264 | €43,298 | +€8,033 | +22.8% |
| Profit (loss) for the period before taxes | 9903 | €340,780 | €843,334 | +€502,554 | +147% |
| Income taxes | 67/77 | €94,682 | €751 | -€93,931 | -99.2% |
| Profit (loss) for the period | 9904 | €246,098 | €842,583 | +€596,485 | +242% |
| Profit (loss) for the period to be appropriated | 9905 | €246,098 | €842,583 | +€596,485 | +242% |
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.