ANTIGOON ADVIES: 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.
What changed
ANTIGOON ADVIES
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€10,475
2024 · -€15,500+€5,025
Equity
€682,115
2024 · €692,590-€10,475
Cash
€82,826
2024 · €83,147-€321
Balance sheet total
€712,354
2024 · €733,846-€21,492
Largest movements
Assets
- Tangible fixed assets -€18,461
down €18,461 (-4.4%), from €416,076 to €397,615
Equity and liabilities
- Reserves -€10,474
down €10,474 (-7.3%), from €142,516 to €132,042
of which Distributable reserves: -€10,474
- Debts after one year -€8,316
down €8,316 (-28.7%), from €28,969 to €20,652
of which Financial debts: -€8,316
Income statement
- Gross operating margin +€7,088
up €7,088 (+36.5%), from €19,422 to €26,510
- Depreciation +€1,025
up €1,025 (+3.2%), from €32,332 to €33,357
- Other operating charges +€778
up €778 (+21.4%), from €3,640 to €4,418
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.
Result 2024
-€15,500
Gross operating margin
+€7,088
Depreciation
-€1,025
Other operating charges
-€778
Financial income
-€174
Financial charges
-€87
Result 2025
-€10,475
raises the resultlowers the result
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.
From operations
+€21,762
Investment
-€14,097
Financing
-€7,986
Cash 2024
€83,147
From operations (derived)
+€21,762
Net result for the year
-€10,475
Depreciation
+€33,357
Receivables within one year
+€1,917
Smaller working-capital items
-€51
Trade debts
+€1,104
Advances received
-€1,006
Other debts
-€3,084
Investment (derived)
-€14,097
Investment in fixed assets (net)
-€14,895
Current investments
+€799
Financing
-€7,986
Debts after one year
-€8,316
Current portion of long-term debt
+€330
Cash 2025
€82,826
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €733,846 | €712,354 | -€21,492 | -2.9% |
| Fixed assets | 21/28 | €416,076 | €397,615 | -€18,461 | -4.4% |
| Tangible fixed assets | 22/27 | €416,076 | €397,615 | -€18,461 | -4.4% |
| Land and buildings | 22 | €416,076 | €397,615 | -€18,461 | -4.4% |
| Current assets | 29/58 | €317,769 | €314,739 | -€3,031 | -1.0% |
| Amounts receivable within one year | 40/41 | €4,670 | €2,753 | -€1,917 | -41.1% |
| Trade receivables | 40 | €2,846 | €880 | -€1,966 | -69.1% |
| Other amounts receivable | 41 | €1,824 | €1,873 | +€49 | +2.7% |
| Current investments | 50/53 | €229,755 | €228,957 | -€799 | -0.3% |
| Cash at bank and in hand | 54/58 | €83,147 | €82,826 | -€321 | -0.4% |
| Deferred charges and accrued income | 490/1 | €197 | €203 | +€5 | +2.7% |
| Total equity and liabilities | 10/49 | €733,846 | €712,354 | -€21,492 | -2.9% |
| Equity | 10/15 | €692,590 | €682,115 | -€10,475 | -1.5% |
| Contributions | 10/11 | €550,000 | €550,000 | = | 0.0% |
| Capital | 10 | €550,000 | €550,000 | = | 0.0% |
| Issued capital | 100 | €550,000 | €550,000 | = | 0.0% |
| Reserves | 13 | €142,516 | €132,042 | -€10,474 | -7.3% |
| Non-distributable reserves | 130/1 | €55,000 | €55,000 | = | 0.0% |
| Legal reserve | 130 | €55,000 | €55,000 | = | 0.0% |
| Distributable reserves | 133 | €87,516 | €77,042 | -€10,474 | -12.0% |
| Profit (loss) carried forward | 14 | €74 | €73 | -€1 | -0.9% |
| Amounts payable | 17/49 | €41,256 | €30,239 | -€11,017 | -26.7% |
| Amounts payable after more than one year | 17 | €28,969 | €20,652 | -€8,316 | -28.7% |
| Financial debts | 170/4 | €25,994 | €17,678 | -€8,316 | -32.0% |
| Other amounts payable | 178/9 | €2,975 | €2,975 | = | 0.0% |
| Amounts payable within one year | 42/48 | €12,187 | €9,519 | -€2,668 | -21.9% |
| Current portion of amounts payable after more than one year | 42 | €7,986 | €8,316 | +€330 | +4.1% |
| Trade debts | 44 | - | €1,104 | +€1,104 | |
| Suppliers | 440/4 | - | €1,104 | +€1,104 | |
| Advances received on contracts in progress | 46 | €1,006 | - | -€1,006 | |
| Taxes, remuneration and social security | 45 | €111 | €98 | -€12 | -11.1% |
| Taxes | 450/3 | €111 | €98 | -€12 | -11.1% |
| Other amounts payable | 47/48 | €3,084 | - | -€3,084 | |
| Accrued charges and deferred income | 492/3 | €101 | €68 | -€33 | -32.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,332 | €33,357 | +€1,025 | +3.2% |
| Other operating charges | 640/8 | €3,640 | €4,418 | +€778 | +21.4% |
| Gross operating margin | 9900 | €19,422 | €26,510 | +€7,088 | +36.5% |
| Operating profit (loss) | 9901 | -€16,550 | -€11,264 | +€5,286 | +31.9% |
| Financial income | 75/76B | €3,208 | €3,034 | -€174 | -5.4% |
| Recurring financial income | 75 | €3,208 | €3,034 | -€174 | -5.4% |
| Financial charges | 65/66B | €2,158 | €2,245 | +€87 | +4.0% |
| Recurring financial charges | 65 | €2,158 | €2,245 | +€87 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | -€15,500 | -€10,475 | +€5,025 | +32.4% |
| Profit (loss) for the period | 9904 | -€15,500 | -€10,475 | +€5,025 | +32.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,500 | -€10,475 | +€5,025 | +32.4% |
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 19 October 2026 via checked.be.