ANTOINE-RAMDANE: 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-RAMDANE
Largest movements
- Tangible fixed assets +€3,231
up €3,231 (+2.8%), from €114,861 to €118,092
of which Land and buildings: +€3,506
- Cash -€1,358
down €1,358 (-39.7%), from €3,419 to €2,061
mainly Other debts (-€15,135) and Investment in fixed assets (net) (-€13,756)
- Other debts -€15,135
down €15,135 (-34.9%), from €43,320 to €28,185
- Profit (loss) carried forward +€8,221
up €8,221, from -€67 to €8,154
- Trade debts +€7,746
up €7,746 (+1,079%), from €718 to €8,464
- Tax, wage and social debts +€1,641
up €1,641 (+58.9%), from €2,787 to €4,428
- Gross operating margin +€6,460
up €6,460 (+32.5%), from €19,900 to €26,360
- Taxes +€1,582
up €1,582 (+111%), from €1,423 to €3,005
- Depreciation +€553
up €553 (+5.5%), from €9,972 to €10,525
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 | €118,571 | €120,444 | +€1,873 | +1.6% |
| Fixed assets | 21/28 | €114,861 | €118,092 | +€3,231 | +2.8% |
| Tangible fixed assets | 22/27 | €114,861 | €118,092 | +€3,231 | +2.8% |
| Land and buildings | 22 | €114,469 | €117,975 | +€3,506 | +3.1% |
| Furniture and vehicles | 24 | €392 | €117 | -€275 | -70.2% |
| Current assets | 29/58 | €3,710 | €2,352 | -€1,358 | -36.6% |
| Cash at bank and in hand | 54/58 | €3,419 | €2,061 | -€1,358 | -39.7% |
| Deferred charges and accrued income | 490/1 | €291 | €291 | = | 0.0% |
| Total equity and liabilities | 10/49 | €118,571 | €120,444 | +€1,873 | +1.6% |
| Equity | 10/15 | €69,346 | €77,567 | +€8,221 | +11.9% |
| Contributions | 10/11 | €62,079 | €62,079 | = | 0.0% |
| Capital | 10 | €62,079 | €62,079 | = | 0.0% |
| Issued capital | 100 | €62,079 | €62,079 | = | 0.0% |
| Reserves | 13 | €7,334 | €7,334 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,208 | €6,208 | = | 0.0% |
| Legal reserve | 130 | €6,208 | €6,208 | = | 0.0% |
| Distributable reserves | 133 | €1,126 | €1,126 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€67 | €8,154 | +€8,221 | |
| Amounts payable | 17/49 | €49,225 | €42,877 | -€6,348 | -12.9% |
| Amounts payable within one year | 42/48 | €48,625 | €42,877 | -€5,748 | -11.8% |
| Trade debts | 44 | €718 | €8,464 | +€7,746 | +1,079% |
| Suppliers | 440/4 | €718 | €8,464 | +€7,746 | +1,079% |
| Advances received on contracts in progress | 46 | €1,800 | €1,800 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €2,787 | €4,428 | +€1,641 | +58.9% |
| Taxes | 450/3 | €2,787 | €4,428 | +€1,641 | +58.9% |
| Other amounts payable | 47/48 | €43,320 | €28,185 | -€15,135 | -34.9% |
| Accrued charges and deferred income | 492/3 | €600 | - | -€600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,972 | €10,525 | +€553 | +5.5% |
| Other operating charges | 640/8 | €4,357 | €4,369 | +€12 | +0.3% |
| Gross operating margin | 9900 | €19,900 | €26,360 | +€6,460 | +32.5% |
| Operating profit (loss) | 9901 | €5,571 | €11,466 | +€5,895 | +106% |
| Financial charges | 65/66B | €240 | €240 | = | 0.0% |
| Recurring financial charges | 65 | €240 | €240 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €5,331 | €11,226 | +€5,895 | +111% |
| Income taxes | 67/77 | €1,423 | €3,005 | +€1,582 | +111% |
| Profit (loss) for the period | 9904 | €3,908 | €8,221 | +€4,313 | +110% |
| Profit (loss) for the period to be appropriated | 9905 | €3,908 | €8,221 | +€4,313 | +110% |
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.