ANTONESI CONSTRUCT: 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.
ANTONESI CONSTRUCT
Largest movements
- Cash -€219,682
down €219,682 (-99.2%), from €221,350 to €1,668
mainly Deferred charges and accrued income (-€218,675) and Trade debts (-€10,720)
- Deferred charges and accrued income +€218,675
up €218,675 (+10031.0%), from €2,180 to €220,855
- Stocks and contracts +€10,387
new in 2025: €10,387
- Receivables within one year +€10,178
up €10,178 (+14.7%), from €69,041 to €79,219
of which Trade receivables: +€7,593
- Tangible fixed assets -€5,266
down €5,266 (-43.9%), from €12,002 to €6,736
of which Furniture and vehicles: -€7,581
- Profit (loss) carried forward +€33,097
up €33,097 (+15.3%), from €216,341 to €249,438
- Trade debts -€10,720
down €10,720 (-66.1%), from €16,223 to €5,503
- Other debts -€3,399
down €3,399 (-7.1%), from €47,563 to €44,164
- Gross operating margin -€14,447
down €14,447 (-21.8%), from €66,366 to €51,919
- Taxes -€2,180
down €2,180 (-18.9%), from €11,547 to €9,367
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 | €305,273 | €319,565 | +€14,292 | +4.7% |
| Fixed assets | 21/28 | €12,702 | €7,436 | -€5,266 | -41.5% |
| Tangible fixed assets | 22/27 | €12,002 | €6,736 | -€5,266 | -43.9% |
| Plant, machinery and equipment | 23 | - | €2,315 | +€2,315 | |
| Furniture and vehicles | 24 | €12,002 | €4,421 | -€7,581 | -63.2% |
| Financial fixed assets | 28 | €700 | €700 | = | 0.0% |
| Current assets | 29/58 | €292,571 | €312,129 | +€19,558 | +6.7% |
| Stocks and contracts in progress | 3 | - | €10,387 | +€10,387 | |
| Contracts in progress | 37 | - | €10,387 | +€10,387 | |
| Amounts receivable within one year | 40/41 | €69,041 | €79,219 | +€10,178 | +14.7% |
| Trade receivables | 40 | €67,552 | €75,145 | +€7,593 | +11.2% |
| Other amounts receivable | 41 | €1,489 | €4,074 | +€2,585 | +173.6% |
| Cash at bank and in hand | 54/58 | €221,350 | €1,668 | -€219,682 | -99.2% |
| Deferred charges and accrued income | 490/1 | €2,180 | €220,855 | +€218,675 | +10031.0% |
| Total equity and liabilities | 10/49 | €305,273 | €319,565 | +€14,292 | +4.7% |
| Equity | 10/15 | €236,801 | €269,898 | +€33,097 | +14.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €216,341 | €249,438 | +€33,097 | +15.3% |
| Amounts payable | 17/49 | €68,472 | €49,667 | -€18,805 | -27.5% |
| Amounts payable after more than one year | 17 | €2,550 | - | -€2,550 | |
| Financial debts | 170/4 | €2,550 | - | -€2,550 | |
| Amounts payable within one year | 42/48 | €65,922 | €49,667 | -€16,255 | -24.7% |
| Trade debts | 44 | €16,223 | €5,503 | -€10,720 | -66.1% |
| Suppliers | 440/4 | €16,223 | €5,503 | -€10,720 | -66.1% |
| Taxes, remuneration and social security | 45 | €2,136 | - | -€2,136 | |
| Taxes | 450/3 | €2,136 | - | -€2,136 | |
| Other amounts payable | 47/48 | €47,563 | €44,164 | -€3,399 | -7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,580 | €7,646 | +€66 | +0.9% |
| Other operating charges | 640/8 | €598 | €988 | +€390 | +65.2% |
| Non-recurring operating charges | 66A | - | €53 | +€53 | |
| Gross operating margin | 9900 | €66,366 | €51,919 | -€14,447 | -21.8% |
| Operating profit (loss) | 9901 | €58,188 | €43,232 | -€14,956 | -25.7% |
| Financial charges | 65/66B | €300 | €768 | +€468 | +156.0% |
| Recurring financial charges | 65 | €300 | €768 | +€468 | +156.0% |
| Profit (loss) for the period before taxes | 9903 | €57,888 | €42,464 | -€15,424 | -26.6% |
| Income taxes | 67/77 | €11,547 | €9,367 | -€2,180 | -18.9% |
| Profit (loss) for the period | 9904 | €46,341 | €33,097 | -€13,244 | -28.6% |
| Profit (loss) for the period to be appropriated | 9905 | €46,341 | €33,097 | -€13,244 | -28.6% |
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 5 October 2026 via checked.be.