ANTIPOLE: 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.
ANTIPOLE
Largest movements
- Cash -€288,829
down €288,829 (-90.5%), from €319,038 to €30,209
mainly Current investments (-€251,544) and Contributions, distributions and other (-€92,362)
- Current investments +€251,544
up €251,544 (+122%), from €206,465 to €458,009
- Receivables within one year +€14,908
up €14,908 (+74.6%), from €19,974 to €34,882
of which Trade receivables: +€13,307
- Tangible fixed assets -€11,647
down €11,647 (-29.6%), from €39,371 to €27,724
of which Furniture and vehicles: -€14,020
- Reserves -€33,623
down €33,623 (-6.1%), from €555,075 to €521,452
- Financial charges +€12,237
up €12,237 (+89.7%), from -€13,642 to -€1,405
- Gross operating margin -€4,706
down €4,706 (-5.0%), from €93,541 to €88,835
- Taxes -€2,315
down €2,315 (-8.8%), from €26,200 to €23,885
- Financial income -€1,840
down €1,840 (-18.2%), from €10,128 to €8,288
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 | €584,848 | €550,824 | -€34,024 | -5.8% |
| Fixed assets | 21/28 | €39,371 | €27,724 | -€11,647 | -29.6% |
| Tangible fixed assets | 22/27 | €39,371 | €27,724 | -€11,647 | -29.6% |
| Plant, machinery and equipment | 23 | - | €2,373 | +€2,373 | |
| Furniture and vehicles | 24 | €39,371 | €25,351 | -€14,020 | -35.6% |
| Current assets | 29/58 | €545,477 | €523,100 | -€22,377 | -4.1% |
| Amounts receivable within one year | 40/41 | €19,974 | €34,882 | +€14,908 | +74.6% |
| Trade receivables | 40 | €19,974 | €33,281 | +€13,307 | +66.6% |
| Other amounts receivable | 41 | - | €1,601 | +€1,601 | |
| Current investments | 50/53 | €206,465 | €458,009 | +€251,544 | +122% |
| Cash at bank and in hand | 54/58 | €319,038 | €30,209 | -€288,829 | -90.5% |
| Total equity and liabilities | 10/49 | €584,848 | €550,824 | -€34,024 | -5.8% |
| Equity | 10/15 | €573,675 | €540,052 | -€33,623 | -5.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €555,075 | €521,452 | -€33,623 | -6.1% |
| Distributable reserves | 133 | €555,075 | €521,452 | -€33,623 | -6.1% |
| Amounts payable | 17/49 | €11,173 | €10,772 | -€401 | -3.6% |
| Amounts payable within one year | 42/48 | €11,173 | €10,772 | -€401 | -3.6% |
| Financial debts | 43 | - | €150 | +€150 | |
| Credit institutions | 430/8 | - | €150 | +€150 | |
| Trade debts | 44 | €647 | €699 | +€52 | +8.0% |
| Suppliers | 440/4 | €647 | €699 | +€52 | +8.0% |
| Taxes, remuneration and social security | 45 | €6,938 | €6,637 | -€301 | -4.3% |
| Taxes | 450/3 | €6,938 | €6,637 | -€301 | -4.3% |
| Other amounts payable | 47/48 | €3,588 | €3,286 | -€302 | -8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,020 | €14,291 | +€271 | +1.9% |
| Other operating charges | 640/8 | €1,741 | €1,613 | -€128 | -7.4% |
| Gross operating margin | 9900 | €93,541 | €88,835 | -€4,706 | -5.0% |
| Operating profit (loss) | 9901 | €77,780 | €72,931 | -€4,849 | -6.2% |
| Financial income | 75/76B | €10,128 | €8,288 | -€1,840 | -18.2% |
| Recurring financial income | 75 | €10,128 | €8,288 | -€1,840 | -18.2% |
| Financial charges | 65/66B | -€13,642 | -€1,405 | +€12,237 | +89.7% |
| Recurring financial charges | 65 | -€13,642 | -€1,405 | +€12,237 | +89.7% |
| Profit (loss) for the period before taxes | 9903 | €101,550 | €82,624 | -€18,926 | -18.6% |
| Income taxes | 67/77 | €26,200 | €23,885 | -€2,315 | -8.8% |
| Profit (loss) for the period | 9904 | €75,350 | €58,739 | -€16,611 | -22.0% |
| Profit (loss) for the period to be appropriated | 9905 | €75,350 | €58,739 | -€16,611 | -22.0% |
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 22 October 2026 via checked.be.