Anto: 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.
Anto
Largest movements
- Current investments +€305,378
up €305,378 (+48.0%), from €635,975 to €941,353
- Deferred charges and accrued income -€78,114
down €78,114 (-78.0%), from €100,085 to €21,970
- Receivables within one year -€75,736
down €75,736 (-40.9%), from €185,095 to €109,359
of which Trade receivables: -€76,782
- Tangible fixed assets -€64,254
down €64,254 (-91.4%), from €70,265 to €6,011
- Cash +€41,586
up €41,586 (+12.5%), from €333,579 to €375,165
mainly Net result for the year (+€273,685) and Deferred charges and accrued income (+€78,114)
- Reserves +€240,678
up €240,678 (+21.0%), from €1.1m to €1.4m
of which Distributable reserves: +€240,678
- Trade debts -€168,550
down €168,550 (-95.5%), from €176,513 to €7,964
- Other debts +€33,007
up €33,007, from €0 to €33,007
- Tax, wage and social debts +€18,665
up €18,665 (+477.3%), from €3,911 to €22,576
of which Taxes: +€19,365
- Gross operating margin +€115,566
up €115,566 (+45.7%), from €252,697 to €368,264
- Other operating charges +€39,949
up €39,949 (+471.7%), from €8,469 to €48,418
- Depreciation -€21,457
down €21,457 (-88.8%), from €24,168 to €2,711
- Financial income +€19,503
up €19,503 (+54.4%), from €35,848 to €55,352
- Taxes +€17,321
up €17,321 (+21.8%), from €79,359 to €96,681
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 | €1,330,023 | €1,453,883 | +€123,860 | +9.3% |
| Fixed assets | 21/28 | €70,290 | €6,036 | -€64,254 | -91.4% |
| Tangible fixed assets | 22/27 | €70,265 | €6,011 | -€64,254 | -91.4% |
| Other tangible fixed assets | 26 | €70,265 | €6,011 | -€64,254 | -91.4% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €1,259,733 | €1,447,847 | +€188,114 | +14.9% |
| Stocks and contracts in progress | 3 | €5,000 | €0 | -€5,000 | -100.0% |
| Stocks | 30/36 | €5,000 | €0 | -€5,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €185,095 | €109,359 | -€75,736 | -40.9% |
| Trade receivables | 40 | €140,184 | €63,402 | -€76,782 | -54.8% |
| Other amounts receivable | 41 | €44,911 | €45,957 | +€1,046 | +2.3% |
| Current investments | 50/53 | €635,975 | €941,353 | +€305,378 | +48.0% |
| Cash at bank and in hand | 54/58 | €333,579 | €375,165 | +€41,586 | +12.5% |
| Deferred charges and accrued income | 490/1 | €100,085 | €21,970 | -€78,114 | -78.0% |
| Total equity and liabilities | 10/49 | €1,330,023 | €1,453,883 | +€123,860 | +9.3% |
| Equity | 10/15 | €1,149,599 | €1,390,277 | +€240,678 | +20.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,143,399 | €1,384,077 | +€240,678 | +21.0% |
| Tax-exempt reserves | 132 | €147,350 | €147,350 | = | 0.0% |
| Distributable reserves | 133 | €996,049 | €1,236,727 | +€240,678 | +24.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €180,424 | €63,606 | -€116,818 | -64.7% |
| Amounts payable within one year | 42/48 | €180,424 | €63,547 | -€116,877 | -64.8% |
| Trade debts | 44 | €176,513 | €7,964 | -€168,550 | -95.5% |
| Suppliers | 440/4 | €176,513 | €7,964 | -€168,550 | -95.5% |
| Taxes, remuneration and social security | 45 | €3,911 | €22,576 | +€18,665 | +477.3% |
| Taxes | 450/3 | €2,511 | €21,876 | +€19,365 | +771.3% |
| Remuneration and social security | 454/9 | €1,400 | €700 | -€700 | -50.0% |
| Other amounts payable | 47/48 | €0 | €33,007 | +€33,007 | |
| Accrued charges and deferred income | 492/3 | - | €59 | +€59 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,168 | €2,711 | -€21,457 | -88.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,028 | €0 | -€3,028 | -100.0% |
| Other operating charges | 640/8 | €8,469 | €48,418 | +€39,949 | +471.7% |
| Gross operating margin | 9900 | €252,697 | €368,264 | +€115,566 | +45.7% |
| Operating profit (loss) | 9901 | €217,032 | €317,134 | +€100,102 | +46.1% |
| Financial income | 75/76B | €35,848 | €55,352 | +€19,503 | +54.4% |
| Recurring financial income | 75 | €35,848 | €55,352 | +€19,503 | +54.4% |
| Financial charges | 65/66B | €945 | €2,121 | +€1,176 | +124.4% |
| Recurring financial charges | 65 | €945 | €2,121 | +€1,176 | +124.4% |
| Profit (loss) for the period before taxes | 9903 | €251,935 | €370,365 | +€118,430 | +47.0% |
| Income taxes | 67/77 | €79,359 | €96,681 | +€17,321 | +21.8% |
| Profit (loss) for the period | 9904 | €172,576 | €273,685 | +€101,108 | +58.6% |
| Profit (loss) for the period to be appropriated | 9905 | €172,576 | €273,685 | +€101,108 | +58.6% |
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.