ANTONISSEN DEVELOPMENT PROJECT: 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.
What changed
ANTONISSEN DEVELOPMENT PROJECT
NACE 68.110, Buying and selling of own real estate
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€36,169
2024 · €89,196-€53,028
Equity
€3.5m
2024 · €3.4m+€36,169
Cash
€19,085
2024 · €38,413-€19,328
Balance sheet total
€3.5m
2024 · €3.6m-€103,148
Largest movements
Assets
- Receivables within one year -€65,122
down €65,122 (-45.9%), from €141,826 to €76,704
of which Other amounts receivable: -€49,739
Equity and liabilities
- Debts after one year -€132,434
down €132,434 (-100%), from €132,434 to €0
- Profit (loss) carried forward +€36,169
up €36,169 (+0.8%), from -€4.3m to -€4.3m
Income statement
- Turnover -€114,272
down €114,272 (-99.7%), from €114,650 to €378
- Financial charges -€73,858
down €73,858 (-92.3%), from €80,061 to €6,203
- Financial income -€46,142
down €46,142 (-32.6%), from €141,581 to €95,440
- Other operating income -€42,744
down €42,744 (-54.3%), from €78,780 to €36,037
- Services and other goods -€27,818
down €27,818 (-24.0%), from €116,039 to €88,221
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.
Result 2024
€89,196
Turnover
-€114,272
Other operating income
-€42,744
Goods and materials
+€22,129
Services and other goods
+€27,818
Other operating charges
+€26,324
Financial income
-€46,142
Financial charges
+€73,858
Result 2025
€36,169
raises the resultlowers the result
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.
From operations
+€98,365
Investment
+€14,742
Financing
-€132,434
Cash 2024
€38,413
From operations (derived)
+€98,365
Net result for the year
+€36,169
Receivables within one year
+€65,122
Deferred charges and accrued income
+€3,957
Trade debts
-€17,934
Tax, wage and social debts
-€32
Other debts
+€11,083
Investment (derived)
+€14,742
Investment in fixed assets (net)
+€14,742
Financing
-€132,434
Debts after one year
-€132,434
Cash 2025
€19,085
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,602,551 | €3,499,403 | -€103,148 | -2.9% |
| Fixed assets | 21/28 | €3,415,207 | €3,400,466 | -€14,742 | -0.4% |
| Financial fixed assets | 28 | €3,415,207 | €3,400,466 | -€14,742 | -0.4% |
| Affiliated companies | 280/1 | €3,415,207 | €3,400,466 | -€14,742 | -0.4% |
| Amounts receivable | 281 | €3,415,207 | €3,400,466 | -€14,742 | -0.4% |
| Current assets | 29/58 | €187,344 | €98,937 | -€88,407 | -47.2% |
| Stocks and contracts in progress | 3 | €3,148 | €3,148 | = | 0.0% |
| Stocks | 30/36 | €3,148 | €3,148 | = | 0.0% |
| Property held for sale | 35 | €3,148 | €3,148 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €141,826 | €76,704 | -€65,122 | -45.9% |
| Trade receivables | 40 | €86,846 | €71,463 | -€15,383 | -17.7% |
| Other amounts receivable | 41 | €54,980 | €5,241 | -€49,739 | -90.5% |
| Cash at bank and in hand | 54/58 | €38,413 | €19,085 | -€19,328 | -50.3% |
| Deferred charges and accrued income | 490/1 | €3,957 | €0 | -€3,957 | -100% |
| Total equity and liabilities | 10/49 | €3,602,551 | €3,499,403 | -€103,148 | -2.9% |
| Equity | 10/15 | €3,419,761 | €3,455,930 | +€36,169 | +1.1% |
| Contributions | 10/11 | €7,672,895 | €7,672,895 | = | 0.0% |
| Capital | 10 | €7,672,895 | €7,672,895 | = | 0.0% |
| Issued capital | 100 | €7,672,895 | €7,672,895 | = | 0.0% |
| Reserves | 13 | €40,000 | €40,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €40,000 | €40,000 | = | 0.0% |
| Legal reserve | 130 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,293,134 | -€4,256,965 | +€36,169 | +0.8% |
| Amounts payable | 17/49 | €182,790 | €43,473 | -€139,317 | -76.2% |
| Amounts payable after more than one year | 17 | €132,434 | €0 | -€132,434 | -100% |
| Financial debts | 170/4 | €132,434 | €0 | -€132,434 | -100% |
| Other loans | 174 | €132,434 | €0 | -€132,434 | -100% |
| Amounts payable within one year | 42/48 | €50,355 | €43,473 | -€6,883 | -13.7% |
| Trade debts | 44 | €50,192 | €32,258 | -€17,934 | -35.7% |
| Suppliers | 440/4 | €50,192 | €32,258 | -€17,934 | -35.7% |
| Taxes, remuneration and social security | 45 | €32 | €0 | -€32 | -100% |
| Remuneration and social security | 454/9 | €32 | €0 | -€32 | -100% |
| Other amounts payable | 47/48 | €131 | €11,214 | +€11,083 | +8,439% |
| Operating income | 70/76A | €193,430 | €36,415 | -€157,015 | -81.2% |
| Turnover | 70 | €114,650 | €378 | -€114,272 | -99.7% |
| Other operating income | 74 | €78,780 | €36,037 | -€42,744 | -54.3% |
| Operating charges | 60/66A | €165,754 | €89,482 | -€76,272 | -46.0% |
| Goods for resale, raw materials and consumables | 60 | €22,129 | €0 | -€22,129 | -100% |
| Purchases | 600/8 | €4,473 | €0 | -€4,473 | -100% |
| Change in stocks: decrease (increase) | 609 | €17,656 | €0 | -€17,656 | -100% |
| Services and other goods | 61 | €116,039 | €88,221 | -€27,818 | -24.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €27,586 | €1,261 | -€26,324 | -95.4% |
| Operating profit (loss) | 9901 | €27,676 | -€53,067 | -€80,743 | |
| Financial income | 75/76B | €141,581 | €95,440 | -€46,142 | -32.6% |
| Recurring financial income | 75 | €141,581 | €95,440 | -€46,142 | -32.6% |
| Income from financial fixed assets | 750 | €129,165 | €93,671 | -€35,494 | -27.5% |
| Income from current assets | 751 | €12,416 | €1,768 | -€10,647 | -85.8% |
| Other financial income | 752/9 | €0 | €0 | -€0 | -95.8% |
| Financial charges | 65/66B | €80,061 | €6,203 | -€73,858 | -92.3% |
| Recurring financial charges | 65 | €80,061 | €6,203 | -€73,858 | -92.3% |
| Debt charges | 650 | €77,911 | €4,013 | -€73,899 | -94.8% |
| Other financial charges | 652/9 | €2,150 | €2,191 | +€41 | +1.9% |
| Profit (loss) for the period before taxes | 9903 | €89,196 | €36,169 | -€53,028 | -59.5% |
| Profit (loss) for the period | 9904 | €89,196 | €36,169 | -€53,028 | -59.5% |
| Profit (loss) for the period to be appropriated | 9905 | €89,196 | €36,169 | -€53,028 | -59.5% |
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 17 October 2026 via checked.be.