ANTOMAX: what changed
Two fiscal 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.
ANTOMAX
Largest movements
- Cash -€5,310
down €5,310 (-37.7%), from €14,069 to €8,758
mainly Investment in fixed assets (net) (-€29,667) and Debts after one year (-€12,385)
- Receivables within one year +€3,440
up €3,440 (+29.8%), from €11,538 to €14,979
of which Trade receivables: +€6,961
- Debts after one year -€12,385
down €12,385 (-8.0%), from €155,428 to €143,044
- Reserves +€7,311
up €7,311 (+16.3%), from €44,972 to €52,283
of which Distributable reserves: +€7,311
- Gross operating margin -€17,849
down €17,849 (-15.2%), from €117,082 to €99,234
- Taxes -€7,008
down €7,008 (-60.2%), from €11,637 to €4,629
- Depreciation +€2,869
up €2,869 (+9.9%), from €29,053 to €31,921
- Staff costs +€1,370
up €1,370 (+3.2%), from €43,399 to €44,769
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 | €286,732 | €282,528 | -€4,204 | -1.5% |
| Fixed assets | 21/28 | €254,345 | €252,090 | -€2,254 | -0.9% |
| Tangible fixed assets | 22/27 | €254,345 | €252,090 | -€2,254 | -0.9% |
| Land and buildings | 22 | €184,161 | €196,396 | +€12,235 | +6.6% |
| Plant, machinery and equipment | 23 | €20,022 | €14,333 | -€5,689 | -28.4% |
| Furniture and vehicles | 24 | €50,162 | €41,361 | -€8,800 | -17.5% |
| Current assets | 29/58 | €32,387 | €30,438 | -€1,950 | -6.0% |
| Stocks and contracts in progress | 3 | €2,863 | €2,874 | +€11 | +0.4% |
| Stocks | 30/36 | €2,863 | €2,874 | +€11 | +0.4% |
| Amounts receivable within one year | 40/41 | €11,538 | €14,979 | +€3,440 | +29.8% |
| Trade receivables | 40 | €6,297 | €13,258 | +€6,961 | +110.6% |
| Other amounts receivable | 41 | €5,241 | €1,721 | -€3,521 | -67.2% |
| Cash at bank and in hand | 54/58 | €14,069 | €8,758 | -€5,310 | -37.7% |
| Deferred charges and accrued income | 490/1 | €3,918 | €3,826 | -€91 | -2.3% |
| Total equity and liabilities | 10/49 | €286,732 | €282,528 | -€4,204 | -1.5% |
| Equity | 10/15 | €88,535 | €94,581 | +€6,046 | +6.8% |
| Contributions | 10/11 | €38,000 | €38,000 | = | 0.0% |
| Reserves | 13 | €44,972 | €52,283 | +€7,311 | +16.3% |
| Non-distributable reserves | 130/1 | €3,800 | €3,800 | = | 0.0% |
| Other | 1319 | €3,800 | €3,800 | = | 0.0% |
| Distributable reserves | 133 | €41,172 | €48,483 | +€7,311 | +17.8% |
| Investment grants | 15 | €5,562 | €4,298 | -€1,264 | -22.7% |
| Provisions and deferred taxes | 16 | €1,391 | €1,074 | -€316 | -22.7% |
| Deferred taxes | 168 | €1,391 | €1,074 | -€316 | -22.7% |
| Amounts payable | 17/49 | €196,807 | €186,873 | -€9,934 | -5.0% |
| Amounts payable after more than one year | 17 | €155,428 | €143,044 | -€12,385 | -8.0% |
| Financial debts | 170/4 | €155,428 | €143,044 | -€12,385 | -8.0% |
| Amounts payable within one year | 42/48 | €39,563 | €43,829 | +€4,266 | +10.8% |
| Current portion of amounts payable after more than one year | 42 | €23,431 | €25,958 | +€2,527 | +10.8% |
| Financial debts | 43 | €1,397 | €22 | -€1,375 | -98.4% |
| Credit institutions | 430/8 | €1,397 | €22 | -€1,375 | -98.4% |
| Trade debts | 44 | €3,311 | €5,599 | +€2,288 | +69.1% |
| Suppliers | 440/4 | €3,311 | €5,599 | +€2,288 | +69.1% |
| Taxes, remuneration and social security | 45 | €9,677 | €8,795 | -€882 | -9.1% |
| Taxes | 450/3 | €1,507 | €533 | -€974 | -64.6% |
| Remuneration and social security | 454/9 | €8,170 | €8,262 | +€92 | +1.1% |
| Other amounts payable | 47/48 | €1,747 | €3,455 | +€1,708 | +97.8% |
| Accrued charges and deferred income | 492/3 | €1,816 | - | -€1,816 | |
| Remuneration, social security and pensions | 62 | €43,399 | €44,769 | +€1,370 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,053 | €31,921 | +€2,869 | +9.9% |
| Other operating charges | 640/8 | €1,810 | €2,244 | +€434 | +24.0% |
| Gross operating margin | 9900 | €117,082 | €99,234 | -€17,849 | -15.2% |
| Operating profit (loss) | 9901 | €42,821 | €20,300 | -€22,521 | -52.6% |
| Financial income | 75/76B | €1,733 | €1,600 | -€133 | -7.7% |
| Recurring financial income | 75 | €1,733 | €1,600 | -€133 | -7.7% |
| Financial charges | 65/66B | €9,372 | €8,676 | -€696 | -7.4% |
| Recurring financial charges | 65 | €9,372 | €8,676 | -€696 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | €35,182 | €13,224 | -€21,958 | -62.4% |
| Transfer from deferred taxes | 780 | €316 | €316 | = | 0.0% |
| Income taxes | 67/77 | €11,637 | €4,629 | -€7,008 | -60.2% |
| Profit (loss) for the period | 9904 | €23,861 | €8,911 | -€14,950 | -62.7% |
| Profit (loss) for the period to be appropriated | 9905 | €23,861 | €8,911 | -€14,950 | -62.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.