ANTONELLI & Co: 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.
ANTONELLI & Co
Largest movements
- Receivables within one year +€182,588
up €182,588 (+477.1%), from €38,267 to €220,855
of which Other amounts receivable: +€182,257
- Cash -€94,360
down €94,360 (-72.9%), from €129,444 to €35,084
mainly Receivables within one year (-€182,588) and Investment in fixed assets (net) (-€80,591)
- Receivables after one year -€80,858
down €80,858 (-22.7%), from €355,858 to €275,000
- Tangible fixed assets +€46,081
up €46,081 (+25.6%), from €179,705 to €225,786
of which Land and buildings: +€58,339
- Reserves +€71,691
up €71,691 (+19.8%), from €361,936 to €433,627
- Other debts -€25,065
down €25,065 (-38.5%), from €65,065 to €40,000
- Tax, wage and social debts +€16,024
up €16,024 (+133.7%), from €11,982 to €28,006
- Gross operating margin +€42,714
up €42,714 (+18.0%), from €236,700 to €279,414
- Financial charges -€26,215
down €26,215 (-19.7%), from €133,341 to €107,126
- Depreciation +€20,857
up €20,857 (+152.7%), from €13,654 to €34,511
- Taxes +€17,409
up €17,409 (+58.5%), from €29,781 to €47,190
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 | €850,068 | €907,483 | +€57,416 | +6.8% |
| Fixed assets | 21/28 | €321,193 | €367,274 | +€46,081 | +14.3% |
| Tangible fixed assets | 22/27 | €179,705 | €225,786 | +€46,081 | +25.6% |
| Land and buildings | 22 | €91,561 | €149,900 | +€58,339 | +63.7% |
| Plant, machinery and equipment | 23 | €741 | €9,774 | +€9,033 | +1219.5% |
| Furniture and vehicles | 24 | €87,403 | €66,112 | -€21,292 | -24.4% |
| Financial fixed assets | 28 | €141,488 | €141,488 | = | 0.0% |
| Current assets | 29/58 | €528,875 | €540,210 | +€11,335 | +2.1% |
| Amounts receivable after more than one year | 29 | €355,858 | €275,000 | -€80,858 | -22.7% |
| Other amounts receivable | 291 | €355,858 | €275,000 | -€80,858 | -22.7% |
| Amounts receivable within one year | 40/41 | €38,267 | €220,855 | +€182,588 | +477.1% |
| Trade receivables | 40 | €38,228 | €38,559 | +€332 | +0.9% |
| Other amounts receivable | 41 | €39 | €182,296 | +€182,257 | +467085.9% |
| Cash at bank and in hand | 54/58 | €129,444 | €35,084 | -€94,360 | -72.9% |
| Deferred charges and accrued income | 490/1 | €5,306 | €9,271 | +€3,965 | +74.7% |
| Total equity and liabilities | 10/49 | €850,068 | €907,483 | +€57,416 | +6.8% |
| Equity | 10/15 | €369,326 | €441,017 | +€71,691 | +19.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €361,936 | €433,627 | +€71,691 | +19.8% |
| Distributable reserves | 133 | €361,936 | €433,627 | +€71,691 | +19.8% |
| Profit (loss) carried forward | 14 | €1,190 | €1,190 | = | 0.0% |
| Amounts payable | 17/49 | €480,741 | €466,466 | -€14,275 | -3.0% |
| Amounts payable after more than one year | 17 | €208,369 | €202,112 | -€6,257 | -3.0% |
| Financial debts | 170/4 | €208,369 | €202,112 | -€6,257 | -3.0% |
| Amounts payable within one year | 42/48 | €272,373 | €264,355 | -€8,018 | -2.9% |
| Current portion of amounts payable after more than one year | 42 | €50,892 | €52,584 | +€1,692 | +3.3% |
| Financial debts | 43 | €141,398 | €141,366 | -€32 | 0.0% |
| Credit institutions | 430/8 | €141,398 | €141,366 | -€32 | 0.0% |
| Trade debts | 44 | €3,036 | €2,398 | -€638 | -21.0% |
| Suppliers | 440/4 | €3,036 | €2,398 | -€638 | -21.0% |
| Taxes, remuneration and social security | 45 | €11,982 | €28,006 | +€16,024 | +133.7% |
| Taxes | 450/3 | €11,982 | €28,006 | +€16,024 | +133.7% |
| Other amounts payable | 47/48 | €65,065 | €40,000 | -€25,065 | -38.5% |
| Non-recurring operating income | 76A | €6,103 | €0 | -€6,103 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,654 | €34,511 | +€20,857 | +152.7% |
| Other operating charges | 640/8 | €4,600 | €2,053 | -€2,548 | -55.4% |
| Gross operating margin | 9900 | €236,700 | €279,414 | +€42,714 | +18.0% |
| Operating profit (loss) | 9901 | €218,446 | €242,851 | +€24,405 | +11.2% |
| Financial income | 75/76B | €20,776 | €23,156 | +€2,380 | +11.5% |
| Recurring financial income | 75 | €20,776 | €23,156 | +€2,380 | +11.5% |
| Financial charges | 65/66B | €133,341 | €107,126 | -€26,215 | -19.7% |
| Recurring financial charges | 65 | €133,341 | €107,126 | -€26,215 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | €105,881 | €158,881 | +€53,000 | +50.1% |
| Income taxes | 67/77 | €29,781 | €47,190 | +€17,409 | +58.5% |
| Profit (loss) for the period | 9904 | €76,100 | €111,691 | +€35,590 | +46.8% |
| Profit (loss) for the period to be appropriated | 9905 | €76,100 | €111,691 | +€35,590 | +46.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.