ANTONIUSBAUM: 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.
ANTONIUSBAUM
Largest movements
- Financial fixed assets +€801,261
up €801,261 (+44.3%), from €1.8m to €2.6m
- Receivables within one year +€397,753
up €397,753 (+34.1%), from €1.2m to €1.6m
- Cash -€52,055
down €52,055 (-95.3%), from €54,599 to €2,544
mainly Investment in fixed assets (net) (-€801,261) and Receivables within one year (-€397,753)
- Profit (loss) carried forward +€986,727
up €986,727 (+80.4%), from €1.2m to €2.2m
- Other debts +€156,822
up €156,822 (+40.4%), from €388,261 to €545,084
- Financial income +€565,806
up €565,806 (+132.7%), from €426,262 to €992,068
of which Non-recurring financial income: +€644,436
- Other operating charges -€149
down €149 (-10.0%), from €1,497 to €1,348
- Gross operating margin -€147
down €147 (-4.1%), from -€3,571 to -€3,718
- Financial charges -€68
down €68 (-19.8%), from €343 to €275
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 | €3,031,266 | €4,178,224 | +€1.1m | +37.8% |
| Fixed assets | 21/28 | €1,809,072 | €2,610,333 | +€801,261 | +44.3% |
| Financial fixed assets | 28 | €1,809,072 | €2,610,333 | +€801,261 | +44.3% |
| Current assets | 29/58 | €1,222,194 | €1,567,891 | +€345,697 | +28.3% |
| Amounts receivable within one year | 40/41 | €1,167,594 | €1,565,347 | +€397,753 | +34.1% |
| Other amounts receivable | 41 | €1,167,594 | €1,565,347 | +€397,753 | +34.1% |
| Cash at bank and in hand | 54/58 | €54,599 | €2,544 | -€52,055 | -95.3% |
| Total equity and liabilities | 10/49 | €3,031,266 | €4,178,224 | +€1.1m | +37.8% |
| Equity | 10/15 | €2,622,916 | €3,609,642 | +€986,727 | +37.6% |
| Contributions | 10/11 | €1,367,600 | €1,367,600 | = | 0.0% |
| Reserves | 13 | €27,700 | €27,700 | = | 0.0% |
| Distributable reserves | 133 | €27,700 | €27,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,227,616 | €2,214,342 | +€986,727 | +80.4% |
| Amounts payable | 17/49 | €408,350 | €568,582 | +€160,232 | +39.2% |
| Amounts payable within one year | 42/48 | €408,350 | €568,582 | +€160,232 | +39.2% |
| Trade debts | 44 | €20,089 | €23,498 | +€3,409 | +17.0% |
| Suppliers | 440/4 | €20,089 | €23,498 | +€3,409 | +17.0% |
| Other amounts payable | 47/48 | €388,261 | €545,084 | +€156,822 | +40.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €1,497 | €1,348 | -€149 | -10.0% |
| Gross operating margin | 9900 | -€3,571 | -€3,718 | -€147 | -4.1% |
| Operating profit (loss) | 9901 | -€5,068 | -€5,065 | +€2 | 0.0% |
| Financial income | 75/76B | €426,262 | €992,068 | +€565,806 | +132.7% |
| Recurring financial income | 75 | €426,262 | €347,632 | -€78,630 | -18.4% |
| Non-recurring financial income | 76B | - | €644,436 | +€644,436 | |
| Financial charges | 65/66B | €343 | €275 | -€68 | -19.8% |
| Recurring financial charges | 65 | €343 | €275 | -€68 | -19.8% |
| Profit (loss) for the period before taxes | 9903 | €420,851 | €986,727 | +€565,876 | +134.5% |
| Profit (loss) for the period | 9904 | €420,851 | €986,727 | +€565,876 | +134.5% |
| Profit (loss) for the period to be appropriated | 9905 | €420,851 | €986,727 | +€565,876 | +134.5% |
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 12 October 2026 via checked.be.