ANTLEX: 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.
ANTLEX
Largest movements
- Receivables within one year -€19,907
down €19,907 (-30.6%), from €65,010 to €45,103
of which Trade receivables: -€26,426
- Cash +€14,654
up €14,654 (+45.9%), from €31,924 to €46,578
mainly Net result for the year (+€34,741) and Receivables within one year (+€19,907)
- Tangible fixed assets +€13,431
up €13,431 (+10.0%), from €134,240 to €147,670
of which Other tangible fixed assets: +€21,664
- Financial fixed assets -€7,500
down €7,500 (-33.3%), from €22,500 to €15,000
- Reserves +€19,741
up €19,741 (+23.4%), from €84,468 to €104,209
of which Distributable reserves: +€19,741
- Debts after one year -€16,683
down €16,683 (-22.7%), from €73,453 to €56,770
- Tax, wage and social debts -€11,893
down €11,893 (-25.5%), from €46,674 to €34,781
- Current portion of long-term debt +€8,106
up €8,106 (+88.4%), from €9,173 to €17,279
- Purchases and services -€181,614
no longer reported in 2024 (was €181,614)
- Gross operating margin -€39,949
down €39,949 (-35.3%), from €113,015 to €73,066
- Depreciation -€9,932
down €9,932 (-39.6%), from €25,060 to €15,128
- Taxes -€6,537
down €6,537 (-26.9%), from €24,286 to €17,749
- Other operating charges -€3,999
down €3,999 (-73.6%), from €5,434 to €1,435
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €253,674 | €254,351 | +€677 | +0.3% |
| Fixed assets | 21/28 | €156,740 | €162,670 | +€5,931 | +3.8% |
| Tangible fixed assets | 22/27 | €134,240 | €147,670 | +€13,431 | +10.0% |
| Land and buildings | 22 | €81,276 | €76,703 | -€4,573 | -5.6% |
| Furniture and vehicles | 24 | €40,283 | €36,622 | -€3,661 | -9.1% |
| Other tangible fixed assets | 26 | €12,681 | €34,345 | +€21,664 | +170.8% |
| Financial fixed assets | 28 | €22,500 | €15,000 | -€7,500 | -33.3% |
| Current assets | 29/58 | €96,934 | €91,681 | -€5,253 | -5.4% |
| Amounts receivable within one year | 40/41 | €65,010 | €45,103 | -€19,907 | -30.6% |
| Trade receivables | 40 | €26,426 | - | -€26,426 | |
| Other amounts receivable | 41 | €38,584 | €45,103 | +€6,519 | +16.9% |
| Cash at bank and in hand | 54/58 | €31,924 | €46,578 | +€14,654 | +45.9% |
| Total equity and liabilities | 10/49 | €253,674 | €254,351 | +€677 | +0.3% |
| Equity | 10/15 | €106,952 | €126,692 | +€19,741 | +18.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €84,468 | €104,209 | +€19,741 | +23.4% |
| 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 | €82,608 | €102,349 | +€19,741 | +23.9% |
| Profit (loss) carried forward | 14 | €10,084 | €10,084 | = | 0.0% |
| Amounts payable | 17/49 | €146,722 | €127,659 | -€19,063 | -13.0% |
| Amounts payable after more than one year | 17 | €73,453 | €56,770 | -€16,683 | -22.7% |
| Financial debts | 170/4 | €73,453 | €56,770 | -€16,683 | -22.7% |
| Amounts payable within one year | 42/48 | €73,269 | €70,889 | -€2,380 | -3.2% |
| Current portion of amounts payable after more than one year | 42 | €9,173 | €17,279 | +€8,106 | +88.4% |
| Trade debts | 44 | €17,422 | €18,830 | +€1,407 | +8.1% |
| Suppliers | 440/4 | €17,422 | €18,830 | +€1,407 | +8.1% |
| Taxes, remuneration and social security | 45 | €46,674 | €34,781 | -€11,893 | -25.5% |
| Taxes | 450/3 | €46,674 | €34,781 | -€11,893 | -25.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €181,614 | - | -€181,614 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,060 | €15,128 | -€9,932 | -39.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,352 | - | +€2,352 | |
| Other operating charges | 640/8 | €5,434 | €1,435 | -€3,999 | -73.6% |
| Gross operating margin | 9900 | €113,015 | €73,066 | -€39,949 | -35.3% |
| Operating profit (loss) | 9901 | €84,873 | €56,503 | -€28,371 | -33.4% |
| Financial income | 75/76B | €2,211 | €101 | -€2,110 | -95.4% |
| Recurring financial income | 75 | €2,211 | €101 | -€2,110 | -95.4% |
| Financial charges | 65/66B | €2,939 | €4,115 | +€1,176 | +40.0% |
| Recurring financial charges | 65 | €2,939 | €4,115 | +€1,176 | +40.0% |
| Profit (loss) for the period before taxes | 9903 | €84,145 | €52,489 | -€31,656 | -37.6% |
| Income taxes | 67/77 | €24,286 | €17,749 | -€6,537 | -26.9% |
| Profit (loss) for the period | 9904 | €59,859 | €34,741 | -€25,119 | -42.0% |
| Profit (loss) for the period to be appropriated | 9905 | €59,859 | €34,741 | -€25,119 | -42.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.