ANTMAR: 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.
ANTMAR
Largest movements
- Cash +€28,672
up €28,672 (+254.8%), from €11,253 to €39,925
mainly Net result for the year (+€104,345) and Other debts (+€59,889)
- Deferred charges and accrued income +€15,028
new in 2025: €15,028
- Receivables within one year +€11,624
up €11,624 (+767.4%), from €1,515 to €13,139
of which Other amounts receivable: +€8,039
- Other debts +€59,889
up €59,889 (+498.2%), from €12,022 to €71,911
- Current portion of long-term debt -€37,611
down €37,611 (-84.6%), from €44,456 to €6,845
- Reserves +€32,435
up €32,435 (+17.6%), from €184,102 to €216,537
of which Distributable reserves: +€32,435
- Tax, wage and social debts +€5,221
up €5,221 (+43.8%), from €11,914 to €17,135
- Financial income +€48,075
up €48,075 (+100.2%), from €48,001 to €96,076
- Gross operating margin -€8,704
down €8,704 (-19.1%), from €45,571 to €36,867
- Taxes -€520
down €520 (-2.5%), from €20,882 to €20,361
- Financial charges -€506
down €506 (-13.3%), from €3,800 to €3,295
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 | €309,633 | €364,063 | +€54,430 | +17.6% |
| Fixed assets | 21/28 | €296,865 | €295,971 | -€894 | -0.3% |
| Tangible fixed assets | 22/27 | €18,465 | €17,571 | -€894 | -4.8% |
| Plant, machinery and equipment | 23 | €16,218 | €16,119 | -€98 | -0.6% |
| Furniture and vehicles | 24 | €2,247 | €1,452 | -€796 | -35.4% |
| Financial fixed assets | 28 | €278,400 | €278,400 | = | 0.0% |
| Current assets | 29/58 | €12,768 | €68,092 | +€55,324 | +433.3% |
| Amounts receivable within one year | 40/41 | €1,515 | €13,139 | +€11,624 | +767.4% |
| Trade receivables | 40 | €1,515 | €5,100 | +€3,585 | +236.7% |
| Other amounts receivable | 41 | - | €8,039 | +€8,039 | |
| Cash at bank and in hand | 54/58 | €11,253 | €39,925 | +€28,672 | +254.8% |
| Deferred charges and accrued income | 490/1 | - | €15,028 | +€15,028 | |
| Total equity and liabilities | 10/49 | €309,633 | €364,063 | +€54,430 | +17.6% |
| Equity | 10/15 | €235,491 | €267,925 | +€32,435 | +13.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €184,102 | €216,537 | +€32,435 | +17.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €184,102 | €216,537 | +€32,435 | +17.6% |
| Profit (loss) carried forward | 14 | €45,188 | €45,188 | = | 0.0% |
| Amounts payable | 17/49 | €74,142 | €96,137 | +€21,995 | +29.7% |
| Amounts payable after more than one year | 17 | €3,471 | €0 | -€3,471 | -100.0% |
| Financial debts | 170/4 | €3,471 | €0 | -€3,471 | -100.0% |
| Amounts payable within one year | 42/48 | €70,672 | €96,137 | +€25,466 | +36.0% |
| Current portion of amounts payable after more than one year | 42 | €44,456 | €6,845 | -€37,611 | -84.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €2,280 | €247 | -€2,033 | -89.2% |
| Suppliers | 440/4 | €2,280 | €247 | -€2,033 | -89.2% |
| Taxes, remuneration and social security | 45 | €11,914 | €17,135 | +€5,221 | +43.8% |
| Taxes | 450/3 | €11,914 | €17,135 | +€5,221 | +43.8% |
| Other amounts payable | 47/48 | €12,022 | €71,911 | +€59,889 | +498.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,441 | €4,159 | -€282 | -6.3% |
| Other operating charges | 640/8 | €958 | €783 | -€175 | -18.2% |
| Gross operating margin | 9900 | €45,571 | €36,867 | -€8,704 | -19.1% |
| Operating profit (loss) | 9901 | €40,172 | €31,925 | -€8,247 | -20.5% |
| Financial income | 75/76B | €48,001 | €96,076 | +€48,075 | +100.2% |
| Recurring financial income | 75 | €48,001 | €96,076 | +€48,075 | +100.2% |
| Financial charges | 65/66B | €3,800 | €3,295 | -€506 | -13.3% |
| Recurring financial charges | 65 | €3,800 | €3,295 | -€506 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | €84,373 | €124,706 | +€40,334 | +47.8% |
| Income taxes | 67/77 | €20,882 | €20,361 | -€520 | -2.5% |
| Profit (loss) for the period | 9904 | €63,491 | €104,345 | +€40,854 | +64.3% |
| Profit (loss) for the period to be appropriated | 9905 | €63,491 | €104,345 | +€40,854 | +64.3% |
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 10 October 2026 via checked.be.