ANTIMACUL: what changed
Two fiscal 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.
ANTIMACUL
Largest movements
- Cash +€17,479
up €17,479 (+37.1%), from €47,156 to €64,634
mainly Net result for the year (+€11,964) and Depreciation (+€10,889)
- Tangible fixed assets -€5,098
down €5,098 (-34.9%), from €14,605 to €9,507
of which Furniture and vehicles: -€6,016
- Receivables within one year +€3,426
up €3,426 (+48.6%), from €7,051 to €10,477
of which Trade receivables: +€2,534
- Reserves +€11,964
up €11,964 (+24.4%), from €48,983 to €60,947
- Other debts +€8,279
up €8,279 (+318.2%), from €2,602 to €10,881
- Tax, wage and social debts -€2,295
down €2,295 (-22.7%), from €10,122 to €7,827
- Trade debts -€1,757
down €1,757 (-52.7%), from €3,332 to €1,574
- Gross operating margin -€7,137
down €7,137 (-19.7%), from €36,276 to €29,139
- Taxes -€2,444
down €2,444 (-33.3%), from €7,349 to €4,905
- Depreciation +€1,072
up €1,072 (+10.9%), from €9,817 to €10,889
- Other operating charges +€632
up €632 (+97.4%), from €649 to €1,281
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 | €71,038 | €87,229 | +€16,191 | +22.8% |
| Fixed assets | 21/28 | €15,305 | €10,207 | -€5,098 | -33.3% |
| Tangible fixed assets | 22/27 | €14,605 | €9,507 | -€5,098 | -34.9% |
| Plant, machinery and equipment | 23 | - | €918 | +€918 | |
| Furniture and vehicles | 24 | €14,605 | €8,589 | -€6,016 | -41.2% |
| Financial fixed assets | 28 | €700 | €700 | = | 0.0% |
| Current assets | 29/58 | €55,734 | €77,022 | +€21,289 | +38.2% |
| Amounts receivable within one year | 40/41 | €7,051 | €10,477 | +€3,426 | +48.6% |
| Trade receivables | 40 | €6,825 | €9,359 | +€2,534 | +37.1% |
| Other amounts receivable | 41 | €226 | €1,117 | +€891 | +394.2% |
| Cash at bank and in hand | 54/58 | €47,156 | €64,634 | +€17,479 | +37.1% |
| Deferred charges and accrued income | 490/1 | €1,527 | €1,911 | +€385 | +25.2% |
| Total equity and liabilities | 10/49 | €71,038 | €87,229 | +€16,191 | +22.8% |
| Equity | 10/15 | €54,983 | €66,947 | +€11,964 | +21.8% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €48,983 | €60,947 | +€11,964 | +24.4% |
| Distributable reserves | 133 | €48,983 | €60,947 | +€11,964 | +24.4% |
| Amounts payable | 17/49 | €16,056 | €20,282 | +€4,227 | +26.3% |
| Amounts payable within one year | 42/48 | €16,056 | €20,282 | +€4,227 | +26.3% |
| Trade debts | 44 | €3,332 | €1,574 | -€1,757 | -52.7% |
| Suppliers | 440/4 | €3,332 | €1,574 | -€1,757 | -52.7% |
| Taxes, remuneration and social security | 45 | €10,122 | €7,827 | -€2,295 | -22.7% |
| Taxes | 450/3 | €10,122 | €7,827 | -€2,295 | -22.7% |
| Other amounts payable | 47/48 | €2,602 | €10,881 | +€8,279 | +318.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,817 | €10,889 | +€1,072 | +10.9% |
| Other operating charges | 640/8 | €649 | €1,281 | +€632 | +97.4% |
| Gross operating margin | 9900 | €36,276 | €29,139 | -€7,137 | -19.7% |
| Operating profit (loss) | 9901 | €25,809 | €16,968 | -€8,841 | -34.3% |
| Financial charges | 65/66B | €78 | €99 | +€21 | +27.6% |
| Recurring financial charges | 65 | €78 | €99 | +€21 | +27.6% |
| Profit (loss) for the period before taxes | 9903 | €25,732 | €16,869 | -€8,863 | -34.4% |
| Income taxes | 67/77 | €7,349 | €4,905 | -€2,444 | -33.3% |
| Profit (loss) for the period | 9904 | €18,383 | €11,964 | -€6,419 | -34.9% |
| Profit (loss) for the period to be appropriated | 9905 | €18,383 | €11,964 | -€6,419 | -34.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.