ANTONELLA: 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.
ANTONELLA
Largest movements
- Tangible fixed assets +€38,494
up €38,494 (+7.2%), from €537,814 to €576,308
of which Plant, machinery and equipment: +€52,809
- Intangible fixed assets -€17,000
down €17,000 (-28.8%), from €59,000 to €42,000
- Receivables within one year +€12,809
up €12,809 (+5.3%), from €240,008 to €252,817
- Debts after one year -€67,587
down €67,587 (-17.2%), from €391,841 to €324,254
- Reserves +€54,510
new in 2025: €54,510
- Tax, wage and social debts +€33,110
up €33,110 (+55.5%), from €59,650 to €92,760
of which Taxes: +€22,780
- Staff costs +€71,430
up €71,430 (+38.0%), from €187,903 to €259,333
- Gross operating margin +€14,134
up €14,134 (+3.4%), from €411,969 to €426,103
- Financial charges +€12,722
up €12,722 (+103.2%), from €12,331 to €25,053
- Depreciation +€8,145
up €8,145 (+14.5%), from €56,016 to €64,161
- Taxes -€7,947
down €7,947 (-20.9%), from €37,947 to €30,000
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 | €860,251 | €886,216 | +€25,965 | +3.0% |
| Fixed assets | 21/28 | €597,101 | €618,595 | +€21,494 | +3.6% |
| Intangible fixed assets | 21 | €59,000 | €42,000 | -€17,000 | -28.8% |
| Tangible fixed assets | 22/27 | €537,814 | €576,308 | +€38,494 | +7.2% |
| Land and buildings | 22 | €405,450 | €394,650 | -€10,800 | -2.7% |
| Plant, machinery and equipment | 23 | €125,334 | €178,143 | +€52,809 | +42.1% |
| Furniture and vehicles | 24 | €7,030 | €3,515 | -€3,515 | -50.0% |
| Financial fixed assets | 28 | €287 | €287 | = | 0.0% |
| Current assets | 29/58 | €263,150 | €267,621 | +€4,471 | +1.7% |
| Stocks and contracts in progress | 3 | €14,281 | €14,804 | +€523 | +3.7% |
| Stocks | 30/36 | €14,281 | €14,804 | +€523 | +3.7% |
| Amounts receivable within one year | 40/41 | €240,008 | €252,817 | +€12,809 | +5.3% |
| Other amounts receivable | 41 | €240,008 | €252,817 | +€12,809 | +5.3% |
| Cash at bank and in hand | 54/58 | €8,861 | - | -€8,861 | |
| Total equity and liabilities | 10/49 | €860,251 | €886,216 | +€25,965 | +3.0% |
| Equity | 10/15 | €72,608 | €127,118 | +€54,510 | +75.1% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Capital | 10 | €30,000 | €30,000 | = | 0.0% |
| Issued capital | 100 | €30,000 | €30,000 | = | 0.0% |
| Revaluation surpluses | 12 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | - | €54,510 | +€54,510 | |
| Distributable reserves | 133 | - | €54,510 | +€54,510 | |
| Profit (loss) carried forward | 14 | €17,608 | €17,608 | = | 0.0% |
| Amounts payable | 17/49 | €787,643 | €759,098 | -€28,545 | -3.6% |
| Amounts payable after more than one year | 17 | €391,841 | €324,254 | -€67,587 | -17.2% |
| Financial debts | 170/4 | €391,841 | €324,254 | -€67,587 | -17.2% |
| Amounts payable within one year | 42/48 | €395,802 | €434,844 | +€39,042 | +9.9% |
| Current portion of amounts payable after more than one year | 42 | €69,571 | €68,104 | -€1,467 | -2.1% |
| Financial debts | 43 | €34,095 | €36,275 | +€2,180 | +6.4% |
| Other loans | 439 | €34,095 | €36,275 | +€2,180 | +6.4% |
| Trade debts | 44 | €32,486 | €37,705 | +€5,219 | +16.1% |
| Suppliers | 440/4 | €32,486 | €37,705 | +€5,219 | +16.1% |
| Taxes, remuneration and social security | 45 | €59,650 | €92,760 | +€33,110 | +55.5% |
| Taxes | 450/3 | €47,600 | €70,380 | +€22,780 | +47.9% |
| Remuneration and social security | 454/9 | €12,050 | €22,380 | +€10,330 | +85.7% |
| Other amounts payable | 47/48 | €200,000 | €200,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €187,903 | €259,333 | +€71,430 | +38.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,016 | €64,161 | +€8,145 | +14.5% |
| Other operating charges | 640/8 | €4,386 | €5,574 | +€1,188 | +27.1% |
| Gross operating margin | 9900 | €411,969 | €426,103 | +€14,134 | +3.4% |
| Operating profit (loss) | 9901 | €163,664 | €97,035 | -€66,629 | -40.7% |
| Financial income | 75/76B | €17,380 | €12,528 | -€4,852 | -27.9% |
| Recurring financial income | 75 | €17,380 | €12,528 | -€4,852 | -27.9% |
| Financial charges | 65/66B | €12,331 | €25,053 | +€12,722 | +103.2% |
| Recurring financial charges | 65 | €12,331 | €25,053 | +€12,722 | +103.2% |
| Profit (loss) for the period before taxes | 9903 | €168,713 | €84,510 | -€84,203 | -49.9% |
| Income taxes | 67/77 | €37,947 | €30,000 | -€7,947 | -20.9% |
| Profit (loss) for the period | 9904 | €130,766 | €54,510 | -€76,256 | -58.3% |
| Profit (loss) for the period to be appropriated | 9905 | €130,766 | €54,510 | -€76,256 | -58.3% |
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 12 October 2026 via checked.be.