anTma: 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.
anTma
Largest movements
- Deferred charges and accrued income +€1.0m
up €1.0m (+57132.1%), from €1,752 to €1.0m
- Cash +€182,803
up €182,803 (+93.1%), from €196,278 to €379,081
mainly Net result for the year (+€1.9m) and Other debts (+€961,000)
- Receivables within one year -€26,136
down €26,136 (-72.3%), from €36,136 to €10,000
of which Trade receivables: -€26,136
- Other debts +€961,000
up €961,000 (+153.3%), from €627,075 to €1.6m
- Tax, wage and social debts +€276,912
up €276,912 (+1345.5%), from €20,581 to €297,493
of which Taxes: +€277,205
- Debts after one year -€73,259
down €73,259 (-49.7%), from €147,464 to €74,204
- Financial income +€1.3m
up €1.3m (+329.7%), from €401,527 to €1.7m
- Gross operating margin -€3,440
down €3,440 (-1.7%), from €208,275 to €204,835
- Depreciation +€2,151
up €2,151 (+71.2%), from €3,020 to €5,171
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 | €888,555 | €2,056,912 | +€1.2m | +131.5% |
| Fixed assets | 21/28 | €518,985 | €529,824 | +€10,838 | +2.1% |
| Tangible fixed assets | 22/27 | €5,244 | €16,082 | +€10,838 | +206.7% |
| Land and buildings | 22 | - | €3,000 | +€3,000 | |
| Plant, machinery and equipment | 23 | €3,672 | €7,347 | +€3,675 | +100.1% |
| Furniture and vehicles | 24 | €1,572 | €5,735 | +€4,163 | +264.8% |
| Financial fixed assets | 28 | €513,741 | €513,741 | = | 0.0% |
| Current assets | 29/58 | €369,570 | €1,527,088 | +€1.2m | +313.2% |
| Stocks and contracts in progress | 3 | €135,404 | €135,404 | = | 0.0% |
| Stocks | 30/36 | €135,404 | €135,404 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €36,136 | €10,000 | -€26,136 | -72.3% |
| Trade receivables | 40 | €26,136 | €0 | -€26,136 | -100.0% |
| Other amounts receivable | 41 | €10,000 | €10,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €196,278 | €379,081 | +€182,803 | +93.1% |
| Deferred charges and accrued income | 490/1 | €1,752 | €1,002,603 | +€1.0m | +57132.1% |
| Total equity and liabilities | 10/49 | €888,555 | €2,056,912 | +€1.2m | +131.5% |
| Equity | 10/15 | €18,792 | €18,826 | +€34 | +0.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €192 | €226 | +€34 | +17.9% |
| Amounts payable | 17/49 | €869,763 | €2,038,086 | +€1.2m | +134.3% |
| Amounts payable after more than one year | 17 | €147,464 | €74,204 | -€73,259 | -49.7% |
| Financial debts | 170/4 | €147,464 | €74,204 | -€73,259 | -49.7% |
| Amounts payable within one year | 42/48 | €722,300 | €1,963,882 | +€1.2m | +171.9% |
| Current portion of amounts payable after more than one year | 42 | €72,326 | €73,259 | +€933 | +1.3% |
| Trade debts | 44 | €2,318 | €5,054 | +€2,736 | +118.1% |
| Suppliers | 440/4 | €2,318 | €5,054 | +€2,736 | +118.1% |
| Taxes, remuneration and social security | 45 | €20,581 | €297,493 | +€276,912 | +1345.5% |
| Taxes | 450/3 | €17,881 | €295,086 | +€277,205 | +1550.2% |
| Remuneration and social security | 454/9 | €2,699 | €2,407 | -€293 | -10.8% |
| Other amounts payable | 47/48 | €627,075 | €1,588,075 | +€961,000 | +153.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,020 | €5,171 | +€2,151 | +71.2% |
| Other operating charges | 640/8 | €2,348 | €2,213 | -€135 | -5.7% |
| Non-recurring operating charges | 66A | - | €762 | +€762 | |
| Gross operating margin | 9900 | €208,275 | €204,835 | -€3,440 | -1.7% |
| Operating profit (loss) | 9901 | €202,908 | €196,690 | -€6,218 | -3.1% |
| Financial income | 75/76B | €401,527 | €1,725,426 | +€1.3m | +329.7% |
| Recurring financial income | 75 | €401,527 | €1,725,426 | +€1.3m | +329.7% |
| Financial charges | 65/66B | €4,831 | €4,796 | -€35 | -0.7% |
| Recurring financial charges | 65 | €4,831 | €4,796 | -€35 | -0.7% |
| Profit (loss) for the period before taxes | 9903 | €599,604 | €1,917,320 | +€1.3m | +219.8% |
| Income taxes | 67/77 | €50,968 | €50,286 | -€682 | -1.3% |
| Profit (loss) for the period | 9904 | €548,637 | €1,867,034 | +€1.3m | +240.3% |
| Profit (loss) for the period to be appropriated | 9905 | €548,637 | €1,867,034 | +€1.3m | +240.3% |
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 9 October 2026 via checked.be.