ANTONISSEN DRIES: 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.
ANTONISSEN DRIES
Largest movements
- Cash +€24,509
up €24,509 (+20.0%), from €122,620 to €147,129
mainly Net result for the year (+€53,884) and Depreciation (+€19,286)
- Receivables within one year +€24,380
up €24,380 (+825%), from €2,957 to €27,337
of which Trade receivables: +€25,366
- Reserves +€53,884
up €53,884 (+61.8%), from €87,149 to €141,033
- Trade debts -€12,318
down €12,318 (-59.6%), from €20,682 to €8,364
- Debts after one year -€10,727
down €10,727 (-24.9%), from €43,053 to €32,325
- Tax, wage and social debts +€7,589
up €7,589 (+144%), from €5,284 to €12,873
of which Taxes: +€5,321
- Other debts +€5,861
up €5,861 (+17.6%), from €33,296 to €39,157
- Gross operating margin -€19,455
down €19,455 (-14.9%), from €130,802 to €111,346
- Staff costs +€14,361
new in 2025: €14,361
- Taxes -€13,797
down €13,797 (-39.7%), from €34,784 to €20,987
- Depreciation +€12,024
up €12,024 (+166%), from €7,262 to €19,286
- Financial charges +€1,770
up €1,770 (+234%), from €758 to €2,528
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €203,499 | €250,766 | +€47,267 | +23.2% |
| Fixed assets | 21/28 | €76,709 | €74,893 | -€1,816 | -2.4% |
| Tangible fixed assets | 22/27 | €76,709 | €74,893 | -€1,816 | -2.4% |
| Plant, machinery and equipment | 23 | €8,887 | €10,799 | +€1,912 | +21.5% |
| Furniture and vehicles | 24 | €67,822 | €64,094 | -€3,728 | -5.5% |
| Current assets | 29/58 | €126,790 | €175,873 | +€49,083 | +38.7% |
| Amounts receivable within one year | 40/41 | €2,957 | €27,337 | +€24,380 | +825% |
| Trade receivables | 40 | €1,971 | €27,337 | +€25,366 | +1,287% |
| Other amounts receivable | 41 | €986 | €0 | -€986 | -100% |
| Cash at bank and in hand | 54/58 | €122,620 | €147,129 | +€24,509 | +20.0% |
| Deferred charges and accrued income | 490/1 | €1,213 | €1,407 | +€194 | +16.0% |
| Total equity and liabilities | 10/49 | €203,499 | €250,766 | +€47,267 | +23.2% |
| Equity | 10/15 | €89,649 | €143,533 | +€53,884 | +60.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €87,149 | €141,033 | +€53,884 | +61.8% |
| Distributable reserves | 133 | €87,149 | €141,033 | +€53,884 | +61.8% |
| Amounts payable | 17/49 | €113,850 | €107,233 | -€6,617 | -5.8% |
| Amounts payable after more than one year | 17 | €43,053 | €32,325 | -€10,727 | -24.9% |
| Financial debts | 170/4 | €43,053 | €32,325 | -€10,727 | -24.9% |
| Amounts payable within one year | 42/48 | €70,797 | €74,907 | +€4,110 | +5.8% |
| Current portion of amounts payable after more than one year | 42 | €11,535 | €14,512 | +€2,978 | +25.8% |
| Trade debts | 44 | €20,682 | €8,364 | -€12,318 | -59.6% |
| Suppliers | 440/4 | €20,682 | €8,364 | -€12,318 | -59.6% |
| Taxes, remuneration and social security | 45 | €5,284 | €12,873 | +€7,589 | +144% |
| Taxes | 450/3 | €5,284 | €10,605 | +€5,321 | +101% |
| Remuneration and social security | 454/9 | - | €2,268 | +€2,268 | |
| Other amounts payable | 47/48 | €33,296 | €39,157 | +€5,861 | +17.6% |
| Remuneration, social security and pensions | 62 | - | €14,361 | +€14,361 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,262 | €19,286 | +€12,024 | +166% |
| Other operating charges | 640/8 | €1,125 | €1,428 | +€304 | +27.0% |
| Gross operating margin | 9900 | €130,802 | €111,346 | -€19,455 | -14.9% |
| Operating profit (loss) | 9901 | €122,415 | €76,271 | -€46,145 | -37.7% |
| Financial income | 75/76B | €275 | €1,129 | +€854 | +310% |
| Recurring financial income | 75 | €275 | €1,129 | +€854 | +310% |
| Financial charges | 65/66B | €758 | €2,528 | +€1,770 | +234% |
| Recurring financial charges | 65 | €758 | €2,528 | +€1,770 | +234% |
| Profit (loss) for the period before taxes | 9903 | €121,933 | €74,871 | -€47,061 | -38.6% |
| Income taxes | 67/77 | €34,784 | €20,987 | -€13,797 | -39.7% |
| Profit (loss) for the period | 9904 | €87,149 | €53,884 | -€33,264 | -38.2% |
| Profit (loss) for the period to be appropriated | 9905 | €87,149 | €53,884 | -€33,264 | -38.2% |
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 28 October 2026 via checked.be.