ANTOBA: 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.
ANTOBA
Largest movements
- Tangible fixed assets +€81,543
up €81,543 (+2237.4%), from €3,645 to €85,188
- Receivables within one year +€6,604
up €6,604 (+69.8%), from €9,466 to €16,069
of which Trade receivables: +€3,630
- Cash -€4,016
down €4,016 (-11.8%), from €34,086 to €30,070
mainly Investment in fixed assets (net) (-€93,688) and Other debts (-€36,919)
- Debts after one year +€60,631
new in 2025: €60,631
- Other debts -€36,919
down €36,919 (-55.2%), from €66,909 to €29,989
- Reserves +€33,796
up €33,796 (+22.0%), from €153,672 to €187,468
of which Distributable reserves: +€33,796
- Current portion of long-term debt +€16,220
new in 2025: €16,220
- Tax, wage and social debts +€10,176
up €10,176 (+58.8%), from €17,307 to €27,483
of which Taxes: +€9,632
- Gross operating margin +€47,038
up €47,038 (+36.6%), from €128,453 to €175,491
- Depreciation +€10,930
up €10,930 (+899.7%), from €1,215 to €12,145
- Taxes +€10,920
up €10,920 (+61.2%), from €17,842 to €28,761
- Staff costs +€3,210
up €3,210 (+4.6%), from €69,036 to €72,245
- Financial income +€2,420
up €2,420 (+417.4%), from €580 to €3,000
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 | €257,196 | €342,454 | +€85,258 | +33.1% |
| Fixed assets | 21/28 | €213,645 | €295,188 | +€81,543 | +38.2% |
| Tangible fixed assets | 22/27 | €3,645 | €85,188 | +€81,543 | +2237.4% |
| Furniture and vehicles | 24 | €3,645 | €85,188 | +€81,543 | +2237.4% |
| Financial fixed assets | 28 | €210,000 | €210,000 | = | 0.0% |
| Current assets | 29/58 | €43,552 | €47,267 | +€3,715 | +8.5% |
| Amounts receivable within one year | 40/41 | €9,466 | €16,069 | +€6,604 | +69.8% |
| Trade receivables | 40 | - | €3,630 | +€3,630 | |
| Other amounts receivable | 41 | €9,466 | €12,439 | +€2,974 | +31.4% |
| Cash at bank and in hand | 54/58 | €34,086 | €30,070 | -€4,016 | -11.8% |
| Deferred charges and accrued income | 490/1 | - | €1,128 | +€1,128 | |
| Total equity and liabilities | 10/49 | €257,196 | €342,454 | +€85,258 | +33.1% |
| Equity | 10/15 | €172,272 | €206,068 | +€33,796 | +19.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €153,672 | €187,468 | +€33,796 | +22.0% |
| Tax-exempt reserves | 132 | €196 | €196 | = | 0.0% |
| Distributable reserves | 133 | €153,476 | €187,272 | +€33,796 | +22.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €84,924 | €136,386 | +€51,462 | +60.6% |
| Amounts payable after more than one year | 17 | - | €60,631 | +€60,631 | |
| Financial debts | 170/4 | - | €60,631 | +€60,631 | |
| Amounts payable within one year | 42/48 | €84,924 | €75,755 | -€9,169 | -10.8% |
| Current portion of amounts payable after more than one year | 42 | - | €16,220 | +€16,220 | |
| Trade debts | 44 | €709 | €2,063 | +€1,354 | +191.1% |
| Suppliers | 440/4 | €709 | €2,063 | +€1,354 | +191.1% |
| Taxes, remuneration and social security | 45 | €17,307 | €27,483 | +€10,176 | +58.8% |
| Taxes | 450/3 | €8,354 | €17,986 | +€9,632 | +115.3% |
| Remuneration and social security | 454/9 | €8,953 | €9,497 | +€544 | +6.1% |
| Other amounts payable | 47/48 | €66,909 | €29,989 | -€36,919 | -55.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €69,036 | €72,245 | +€3,210 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,215 | €12,145 | +€10,930 | +899.7% |
| Other operating charges | 640/8 | €579 | €632 | +€53 | +9.1% |
| Gross operating margin | 9900 | €128,453 | €175,491 | +€47,038 | +36.6% |
| Operating profit (loss) | 9901 | €57,624 | €90,469 | +€32,845 | +57.0% |
| Financial income | 75/76B | €580 | €3,000 | +€2,420 | +417.4% |
| Recurring financial income | 75 | €580 | €3,000 | +€2,420 | +417.4% |
| Financial charges | 65/66B | €3,100 | €2,911 | -€190 | -6.1% |
| Recurring financial charges | 65 | €3,100 | €2,911 | -€190 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | €55,103 | €90,558 | +€35,455 | +64.3% |
| Income taxes | 67/77 | €17,842 | €28,761 | +€10,920 | +61.2% |
| Profit (loss) for the period | 9904 | €37,261 | €61,796 | +€24,535 | +65.8% |
| Profit (loss) for the period to be appropriated | 9905 | €37,261 | €61,796 | +€24,535 | +65.8% |
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.