Antoine Consulting: 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.
What changed
Antoine Consulting
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€3.6m
2024 · €67,402+€3.5m
Equity
€3.7m
2024 · €92,265+€3.6m
Cash
€120,949
2024 · €42,252+€78,697
Balance sheet total
€7.3m
2024 · €2.6m+€4.7m
Largest movements
Assets
- Financial fixed assets +€4.7m
up €4.7m (+197%), from €2.4m to €7.1m
- Cash +€78,697
up €78,697 (+186%), from €42,252 to €120,949
mainly Net result for the year (+€3.6m) and Other debts (+€1.2m)
Equity and liabilities
- Profit (loss) carried forward +€3.6m
up €3.6m (+5,508,375%), from €65 to €3.6m
- Other debts +€1.2m
up €1.2m (+11,863%), from €9,951 to €1.2m
Income statement
- Financial income +€3.5m
up €3.5m (+12,084%), from €29,140 to €3.6m
- Gross operating margin +€62,927
up €62,927 (+33.4%), from €188,631 to €251,558
- Staff costs +€29,505
up €29,505 (+416%), from €7,099 to €36,604
- Financial charges +€22,754
up €22,754 (+17.9%), from €126,893 to €149,647
- Depreciation +€6,389
up €6,389 (+82.8%), from €7,717 to €14,106
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.
Result 2024
€67,402
Gross operating margin
+€62,927
Staff costs
-€29,505
Depreciation
-€6,389
Provisions
+€1,240
Other operating charges
-€495
Financial income
+€3.5m
Financial charges
-€22,754
Taxes
-€6,098
Result 2025
€3.6m
raises the resultlowers the result
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.
From operations
+€4.7m
Investment
-€4.7m
Financing
-€3,553
Cash 2024
€42,252
From operations (derived)
+€4.7m
Net result for the year
+€3.6m
Depreciation
+€14,106
Receivables within one year
-€16,776
Smaller working-capital items
-€12,505
Trade debts
-€22,163
Tax, wage and social debts
+€13,064
Other debts
+€1.2m
Investment (derived)
-€4.7m
Investment in fixed assets (net)
-€4.7m
Current investments
+€65,000
Financing
-€3,553
Debts after one year
-€3,697
Current portion of long-term debt
+€144
Cash 2025
€120,949
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,567,653 | €7,310,914 | +€4.7m | +185% |
| Fixed assets | 21/28 | €2,437,322 | €7,149,851 | +€4.7m | +193% |
| Tangible fixed assets | 22/27 | €31,972 | €17,866 | -€14,106 | -44.1% |
| Furniture and vehicles | 24 | €31,972 | €17,866 | -€14,106 | -44.1% |
| Financial fixed assets | 28 | €2,405,350 | €7,131,985 | +€4.7m | +197% |
| Current assets | 29/58 | €130,331 | €161,063 | +€30,732 | +23.6% |
| Amounts receivable within one year | 40/41 | €20,910 | €37,686 | +€16,776 | +80.2% |
| Trade receivables | 40 | €20,910 | €36,063 | +€15,153 | +72.5% |
| Other amounts receivable | 41 | - | €1,623 | +€1,623 | |
| Current investments | 50/53 | €65,000 | - | -€65,000 | |
| Cash at bank and in hand | 54/58 | €42,252 | €120,949 | +€78,697 | +186% |
| Deferred charges and accrued income | 490/1 | €2,168 | €2,427 | +€259 | +11.9% |
| Total equity and liabilities | 10/49 | €2,567,653 | €7,310,914 | +€4.7m | +185% |
| Equity | 10/15 | €92,265 | €3,679,870 | +€3.6m | +3,888% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €87,200 | €87,200 | = | 0.0% |
| Distributable reserves | 133 | €87,200 | €87,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65 | €3,587,670 | +€3.6m | +5,508,375% |
| Provisions and deferred taxes | 16 | €2,397,259 | €2,391,870 | -€5,389 | -0.2% |
| Provisions for liabilities and charges | 160/5 | €2,397,259 | €2,391,870 | -€5,389 | -0.2% |
| Other liabilities and charges | 164/5 | €2,397,259 | €2,391,870 | -€5,389 | -0.2% |
| Amounts payable | 17/49 | €78,129 | €1,239,174 | +€1.2m | +1,486% |
| Amounts payable after more than one year | 17 | €10,869 | €7,172 | -€3,697 | -34.0% |
| Financial debts | 170/4 | €10,869 | €7,172 | -€3,697 | -34.0% |
| Amounts payable within one year | 42/48 | €59,904 | €1,231,503 | +€1.2m | +1,956% |
| Current portion of amounts payable after more than one year | 42 | €3,553 | €3,697 | +€144 | +4.1% |
| Trade debts | 44 | €22,163 | - | -€22,163 | |
| Suppliers | 440/4 | €22,163 | - | -€22,163 | |
| Taxes, remuneration and social security | 45 | €24,237 | €37,301 | +€13,064 | +53.9% |
| Taxes | 450/3 | €24,237 | €32,605 | +€8,368 | +34.5% |
| Remuneration and social security | 454/9 | - | €4,696 | +€4,696 | |
| Other amounts payable | 47/48 | €9,951 | €1,190,505 | +€1.2m | +11,863% |
| Accrued charges and deferred income | 492/3 | €7,356 | €499 | -€6,857 | -93.2% |
| Remuneration, social security and pensions | 62 | €7,099 | €36,604 | +€29,505 | +416% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,717 | €14,106 | +€6,389 | +82.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€4,149 | -€5,389 | -€1,240 | -29.9% |
| Other operating charges | 640/8 | €1,271 | €1,766 | +€495 | +39.0% |
| Gross operating margin | 9900 | €188,631 | €251,558 | +€62,927 | +33.4% |
| Operating profit (loss) | 9901 | €176,693 | €204,471 | +€27,778 | +15.7% |
| Financial income | 75/76B | €29,140 | €3,550,417 | +€3.5m | +12,084% |
| Recurring financial income | 75 | €29,140 | €3,550,417 | +€3.5m | +12,084% |
| Financial charges | 65/66B | €126,893 | €149,647 | +€22,754 | +17.9% |
| Recurring financial charges | 65 | €126,893 | €149,647 | +€22,754 | +17.9% |
| Profit (loss) for the period before taxes | 9903 | €78,940 | €3,605,242 | +€3.5m | +4,467% |
| Income taxes | 67/77 | €11,539 | €17,637 | +€6,098 | +52.9% |
| Profit (loss) for the period | 9904 | €67,402 | €3,587,605 | +€3.5m | +5,223% |
| Profit (loss) for the period to be appropriated | 9905 | €67,402 | €3,587,605 | +€3.5m | +5,223% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.