ANTIPODE: 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.
ANTIPODE
Largest movements
- Receivables within one year -€25,143
down €25,143 (-61.8%), from €40,656 to €15,513
of which Other amounts receivable: -€12,644
- Tangible fixed assets -€1,029
down €1,029 (-69.2%), from €1,487 to €458
- Cash +€555
up €555 (+70.3%), from €789 to €1,344
mainly Receivables within one year (+€25,143) and Tax, wage and social debts (+€2,675)
- Profit (loss) carried forward -€21,130
down €21,130 (-75.3%), from -€28,071 to -€49,200
- Other debts -€10,026
no longer reported in 2025 (was €10,026)
- Tax, wage and social debts +€2,675
up €2,675 (+51.4%), from €5,200 to €7,875
- Trade debts +€2,440
up €2,440 (+39.4%), from €6,200 to €8,640
- Other operating charges +€18,331
up €18,331 (+3983.9%), from €460 to €18,791
- Gross operating margin -€13,516
down €13,516 (-86.2%), from €15,679 to €2,162
- Taxes -€881
down €881 (-67.1%), from €1,312 to €432
- Financial charges +€323
up €323 (+11.7%), from €2,761 to €3,084
- Depreciation -€191
down €191 (-15.7%), from €1,221 to €1,029
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 | €43,355 | €17,315 | -€26,041 | -60.1% |
| Fixed assets | 21/28 | €1,487 | €458 | -€1,029 | -69.2% |
| Tangible fixed assets | 22/27 | €1,487 | €458 | -€1,029 | -69.2% |
| Furniture and vehicles | 24 | €1,487 | €458 | -€1,029 | -69.2% |
| Current assets | 29/58 | €41,868 | €16,857 | -€25,011 | -59.7% |
| Amounts receivable within one year | 40/41 | €40,656 | €15,513 | -€25,143 | -61.8% |
| Trade receivables | 40 | €23,275 | €10,776 | -€12,499 | -53.7% |
| Other amounts receivable | 41 | €17,381 | €4,737 | -€12,644 | -72.7% |
| Cash at bank and in hand | 54/58 | €789 | €1,344 | +€555 | +70.3% |
| Deferred charges and accrued income | 490/1 | €423 | - | -€423 | |
| Total equity and liabilities | 10/49 | €43,355 | €17,315 | -€26,041 | -60.1% |
| Equity | 10/15 | €21,929 | €800 | -€21,130 | -96.4% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,071 | -€49,200 | -€21,130 | -75.3% |
| Amounts payable | 17/49 | €21,426 | €16,515 | -€4,911 | -22.9% |
| Amounts payable within one year | 42/48 | €21,426 | €16,515 | -€4,911 | -22.9% |
| Trade debts | 44 | €6,200 | €8,640 | +€2,440 | +39.4% |
| Suppliers | 440/4 | €6,200 | €8,640 | +€2,440 | +39.4% |
| Taxes, remuneration and social security | 45 | €5,200 | €7,875 | +€2,675 | +51.4% |
| Taxes | 450/3 | €5,200 | €7,875 | +€2,675 | +51.4% |
| Other amounts payable | 47/48 | €10,026 | - | -€10,026 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,221 | €1,029 | -€191 | -15.7% |
| Other operating charges | 640/8 | €460 | €18,791 | +€18,331 | +3983.9% |
| Gross operating margin | 9900 | €15,679 | €2,162 | -€13,516 | -86.2% |
| Operating profit (loss) | 9901 | €13,998 | -€17,658 | -€31,656 | |
| Financial income | 75/76B | €9 | €43 | +€34 | +374.2% |
| Recurring financial income | 75 | €9 | €43 | +€34 | +374.2% |
| Financial charges | 65/66B | €2,761 | €3,084 | +€323 | +11.7% |
| Recurring financial charges | 65 | €2,761 | €3,084 | +€323 | +11.7% |
| Profit (loss) for the period before taxes | 9903 | €11,246 | -€20,698 | -€31,944 | |
| Income taxes | 67/77 | €1,312 | €432 | -€881 | -67.1% |
| Profit (loss) for the period | 9904 | €9,934 | -€21,130 | -€31,064 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,934 | -€21,130 | -€31,064 |
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 4 October 2026 via checked.be.