ANTOINE V.: 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 V.
Largest movements
- Cash -€3,196
down €3,196 (-28.8%), from €11,086 to €7,890
mainly Net result for the year (-€4,130) and Debts after one year (-€2,519)
- Tangible fixed assets -€1,584
down €1,584 (-29.9%), from €5,296 to €3,712
- Receivables within one year +€1,567
up €1,567 (+21.0%), from €7,472 to €9,038
of which Trade receivables: +€3,535
- Deferred charges and accrued income +€342
new in 2025: €342
- Profit (loss) carried forward -€4,130
down €4,130 (-68.1%), from €6,061 to €1,931
- Other debts +€2,816
up €2,816 (+56.7%), from €4,968 to €7,785
- Debts after one year -€2,519
down €2,519 (-41.2%), from €6,120 to €3,601
- Tax, wage and social debts +€1,439
up €1,439 (+66.1%), from €2,176 to €3,616
of which Remuneration and social security: +€1,326
- Trade debts -€601
down €601 (-64.7%), from €929 to €328
- Gross operating margin -€11,290
down €11,290 (-96.8%), from €11,667 to €377
- Taxes -€2,037
down €2,037, from €2,022 to -€15
- Depreciation +€977
up €977 (+64.4%), from €1,517 to €2,494
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 | €24,628 | €21,780 | -€2,849 | -11.6% |
| Fixed assets | 21/28 | €5,296 | €3,712 | -€1,584 | -29.9% |
| Tangible fixed assets | 22/27 | €5,296 | €3,712 | -€1,584 | -29.9% |
| Plant, machinery and equipment | 23 | €5,296 | €3,712 | -€1,584 | -29.9% |
| Current assets | 29/58 | €19,333 | €18,068 | -€1,265 | -6.5% |
| Stocks and contracts in progress | 3 | €775 | €798 | +€23 | +2.9% |
| Stocks | 30/36 | €775 | €798 | +€23 | +2.9% |
| Amounts receivable within one year | 40/41 | €7,472 | €9,038 | +€1,567 | +21.0% |
| Trade receivables | 40 | €5,396 | €8,931 | +€3,535 | +65.5% |
| Other amounts receivable | 41 | €2,075 | €107 | -€1,968 | -94.8% |
| Cash at bank and in hand | 54/58 | €11,086 | €7,890 | -€3,196 | -28.8% |
| Deferred charges and accrued income | 490/1 | - | €342 | +€342 | |
| Total equity and liabilities | 10/49 | €24,628 | €21,780 | -€2,849 | -11.6% |
| Equity | 10/15 | €8,061 | €3,931 | -€4,130 | -51.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,061 | €1,931 | -€4,130 | -68.1% |
| Amounts payable | 17/49 | €16,568 | €17,849 | +€1,281 | +7.7% |
| Amounts payable after more than one year | 17 | €6,120 | €3,601 | -€2,519 | -41.2% |
| Financial debts | 170/4 | €6,120 | €3,601 | -€2,519 | -41.2% |
| Amounts payable within one year | 42/48 | €10,448 | €14,248 | +€3,800 | +36.4% |
| Current portion of amounts payable after more than one year | 42 | €2,374 | €2,519 | +€145 | +6.1% |
| Trade debts | 44 | €929 | €328 | -€601 | -64.7% |
| Suppliers | 440/4 | €929 | €328 | -€601 | -64.7% |
| Taxes, remuneration and social security | 45 | €2,176 | €3,616 | +€1,439 | +66.1% |
| Taxes | 450/3 | €2,016 | €2,130 | +€114 | +5.6% |
| Remuneration and social security | 454/9 | €160 | €1,486 | +€1,326 | +829% |
| Other amounts payable | 47/48 | €4,968 | €7,785 | +€2,816 | +56.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,517 | €2,494 | +€977 | +64.4% |
| Other operating charges | 640/8 | €149 | €149 | = | 0.0% |
| Gross operating margin | 9900 | €11,667 | €377 | -€11,290 | -96.8% |
| Operating profit (loss) | 9901 | €10,001 | -€2,265 | -€12,266 | |
| Financial income | 75/76B | €21 | €10 | -€11 | -53.4% |
| Recurring financial income | 75 | €21 | €10 | -€11 | -53.4% |
| Financial charges | 65/66B | €1,940 | €1,889 | -€51 | -2.6% |
| Recurring financial charges | 65 | €1,940 | €1,889 | -€51 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | €8,083 | -€4,144 | -€12,227 | |
| Income taxes | 67/77 | €2,022 | -€15 | -€2,037 | |
| Profit (loss) for the period | 9904 | €6,061 | -€4,130 | -€10,190 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,061 | -€4,130 | -€10,190 |
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 20 October 2026 via checked.be.