ANTILUS: 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.
ANTILUS
Largest movements
- Stocks and contracts -€10,000
no longer reported in 2025 (was €10,000)
- Receivables within one year -€9,858
down €9,858 (-98.9%), from €9,964 to €106
of which Trade receivables: -€9,964
- Deferred charges and accrued income -€2,958
no longer reported in 2025 (was €2,958)
- Cash +€878
up €878 (+16.4%), from €5,342 to €6,220
mainly Stocks and contracts (+€10,000) and Receivables within one year (+€9,858)
- Profit (loss) carried forward -€14,529
new in 2025: -€14,529
- Reserves -€7,197
down €7,197 (-79.5%), from €9,057 to €1,860
of which Distributable reserves: -€7,197
- Other operating charges +€16,224
up €16,224 (+2500.5%), from €649 to €16,873
- Gross operating margin +€13,918
up €13,918 (+52.1%), from -€26,729 to -€12,811
- Write-downs -€12,000
down €12,000, from €4,000 to -€8,000
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.
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 | €28,264 | €6,326 | -€21,938 | -77.6% |
| Current assets | 29/58 | €28,264 | €6,326 | -€21,938 | -77.6% |
| Stocks and contracts in progress | 3 | €10,000 | - | -€10,000 | |
| Contracts in progress | 37 | €10,000 | - | -€10,000 | |
| Amounts receivable within one year | 40/41 | €9,964 | €106 | -€9,858 | -98.9% |
| Trade receivables | 40 | €9,964 | - | -€9,964 | |
| Other amounts receivable | 41 | - | €106 | +€106 | |
| Cash at bank and in hand | 54/58 | €5,342 | €6,220 | +€878 | +16.4% |
| Deferred charges and accrued income | 490/1 | €2,958 | - | -€2,958 | |
| Total equity and liabilities | 10/49 | €28,264 | €6,326 | -€21,938 | -77.6% |
| Equity | 10/15 | €27,657 | €5,931 | -€21,726 | -78.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €9,057 | €1,860 | -€7,197 | -79.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €7,197 | - | -€7,197 | |
| Profit (loss) carried forward | 14 | - | -€14,529 | -€14,529 | |
| Amounts payable | 17/49 | €607 | €395 | -€212 | -34.9% |
| Amounts payable within one year | 42/48 | €607 | €395 | -€212 | -34.9% |
| Taxes, remuneration and social security | 45 | €212 | - | -€212 | |
| Taxes | 450/3 | €212 | - | -€212 | |
| Other amounts payable | 47/48 | €395 | €395 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €252 | - | -€252 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,000 | -€8,000 | -€12,000 | |
| Other operating charges | 640/8 | €649 | €16,873 | +€16,224 | +2500.5% |
| Non-recurring operating charges | 66A | €884 | - | -€884 | |
| Gross operating margin | 9900 | -€26,729 | -€12,811 | +€13,918 | +52.1% |
| Operating profit (loss) | 9901 | -€32,514 | -€21,684 | +€10,830 | +33.3% |
| Financial charges | 65/66B | €40 | €42 | +€3 | +6.3% |
| Recurring financial charges | 65 | €40 | €42 | +€3 | +6.3% |
| Profit (loss) for the period before taxes | 9903 | -€32,553 | -€21,726 | +€10,827 | +33.3% |
| Profit (loss) for the period | 9904 | -€32,553 | -€21,726 | +€10,827 | +33.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,553 | -€21,726 | +€10,827 | +33.3% |
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 10 October 2026 via checked.be.