ANTOINE Bernard: 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.
ANTOINE Bernard
Largest movements
- Cash +€5,096
up €5,096 (+7.7%), from €66,077 to €71,173
mainly Net result for the year (+€26,234) and Tax, wage and social debts (+€5,889)
- Receivables within one year -€2,059
down €2,059 (-12.0%), from €17,142 to €15,083
- Tangible fixed assets +€1,208
new in 2025: €1,208
- Reserves +€26,235
up €26,235 (+93.6%), from €28,037 to €54,272
- Other debts -€26,132
no longer reported in 2025 (was €26,132)
- Tax, wage and social debts +€5,889
up €5,889 (+41.3%), from €14,273 to €20,162
of which Remuneration and social security: +€4,339
- Trade debts -€1,726
down €1,726 (-11.7%), from €14,777 to €13,051
- Gross operating margin -€2,850
down €2,850 (-6.5%), from €43,893 to €41,043
- Other operating charges +€787
new in 2025: €787
- Taxes +€741
up €741 (+5.7%), from €12,904 to €13,645
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.
Derived cash bridge
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 | €83,219 | €87,494 | +€4,275 | +5.1% |
| Fixed assets | 21/28 | - | €1,208 | +€1,208 | |
| Tangible fixed assets | 22/27 | - | €1,208 | +€1,208 | |
| Furniture and vehicles | 24 | - | €1,208 | +€1,208 | |
| Current assets | 29/58 | €83,219 | €86,286 | +€3,067 | +3.7% |
| Amounts receivable within one year | 40/41 | €17,142 | €15,083 | -€2,059 | -12.0% |
| Trade receivables | 40 | €17,142 | €15,083 | -€2,059 | -12.0% |
| Cash at bank and in hand | 54/58 | €66,077 | €71,173 | +€5,096 | +7.7% |
| Deferred charges and accrued income | 490/1 | - | €30 | +€30 | |
| Total equity and liabilities | 10/49 | €83,219 | €87,494 | +€4,275 | +5.1% |
| Equity | 10/15 | €28,037 | €54,272 | +€26,235 | +93.6% |
| Reserves | 13 | €28,037 | €54,272 | +€26,235 | +93.6% |
| Distributable reserves | 133 | €28,037 | €54,272 | +€26,235 | +93.6% |
| Amounts payable | 17/49 | €55,182 | €33,222 | -€21,960 | -39.8% |
| Amounts payable within one year | 42/48 | €55,182 | €33,213 | -€21,969 | -39.8% |
| Trade debts | 44 | €14,777 | €13,051 | -€1,726 | -11.7% |
| Suppliers | 440/4 | €14,777 | €13,051 | -€1,726 | -11.7% |
| Taxes, remuneration and social security | 45 | €14,273 | €20,162 | +€5,889 | +41.3% |
| Taxes | 450/3 | €14,273 | €15,823 | +€1,550 | +10.9% |
| Remuneration and social security | 454/9 | - | €4,339 | +€4,339 | |
| Other amounts payable | 47/48 | €26,132 | - | -€26,132 | |
| Accrued charges and deferred income | 492/3 | - | €9 | +€9 | |
| Remuneration, social security and pensions | 62 | €45 | - | -€45 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €342 | €297 | -€45 | -13.2% |
| Other operating charges | 640/8 | - | €787 | +€787 | |
| Gross operating margin | 9900 | €43,893 | €41,043 | -€2,850 | -6.5% |
| Operating profit (loss) | 9901 | €43,506 | €39,959 | -€3,547 | -8.2% |
| Financial income | 75/76B | €402 | €219 | -€183 | -45.5% |
| Recurring financial income | 75 | €402 | €219 | -€183 | -45.5% |
| Financial charges | 65/66B | €110 | €299 | +€189 | +172% |
| Recurring financial charges | 65 | €110 | €299 | +€189 | +172% |
| Profit (loss) for the period before taxes | 9903 | €43,798 | €39,879 | -€3,919 | -8.9% |
| Income taxes | 67/77 | €12,904 | €13,645 | +€741 | +5.7% |
| Profit (loss) for the period | 9904 | €30,894 | €26,234 | -€4,660 | -15.1% |
| Profit (loss) for the period to be appropriated | 9905 | €30,894 | €26,234 | -€4,660 | -15.1% |
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 16 October 2026 via checked.be.