Antoon: 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.
Antoon
Largest movements
- Cash -€97,503
down €97,503 (-57.1%), from €170,821 to €73,319
mainly Contributions, distributions and other (-€142,816) and Other debts (-€136,879)
- Receivables within one year +€18,829
up €18,829 (+12.2%), from €154,807 to €173,636
of which Trade receivables: +€24,260
- Tangible fixed assets -€6,523
down €6,523 (-19.9%), from €32,788 to €26,265
of which Plant, machinery and equipment: -€6,909
- Profit (loss) carried forward +€139,764
up €139,764 (+396.6%), from €35,236 to €175,000
- Other debts -€136,879
down €136,879 (-68.4%), from €200,000 to €63,121
- Reserves -€85,651
down €85,651 (-100.0%), from €85,651 to €0
- Trade debts -€11,294
down €11,294 (-66.5%), from €16,974 to €5,680
- Tax, wage and social debts +€5,494
new in 2025: €5,494
- Gross operating margin -€36,067
down €36,067 (-11.5%), from €314,651 to €278,584
- Financial income -€12,910
down €12,910 (-88.7%), from €14,556 to €1,647
of which Financial income: -€9,242
- Taxes -€12,140
down €12,140 (-16.7%), from €72,626 to €60,486
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 | €364,172 | €274,795 | -€89,377 | -24.5% |
| Fixed assets | 21/28 | €34,188 | €26,265 | -€7,923 | -23.2% |
| Tangible fixed assets | 22/27 | €32,788 | €26,265 | -€6,523 | -19.9% |
| Plant, machinery and equipment | 23 | €13,619 | €6,711 | -€6,909 | -50.7% |
| Furniture and vehicles | 24 | €13,856 | €7,803 | -€6,052 | -43.7% |
| Other tangible fixed assets | 26 | €5,313 | €11,751 | +€6,438 | +121.2% |
| Financial fixed assets | 28 | €1,400 | €0 | -€1,400 | -100.0% |
| Current assets | 29/58 | €329,983 | €248,529 | -€81,454 | -24.7% |
| Amounts receivable within one year | 40/41 | €154,807 | €173,636 | +€18,829 | +12.2% |
| Trade receivables | 40 | €146,320 | €170,580 | +€24,260 | +16.6% |
| Other amounts receivable | 41 | €8,487 | €3,056 | -€5,431 | -64.0% |
| Cash at bank and in hand | 54/58 | €170,821 | €73,319 | -€97,503 | -57.1% |
| Deferred charges and accrued income | 490/1 | €4,355 | €1,575 | -€2,780 | -63.8% |
| Total equity and liabilities | 10/49 | €364,172 | €274,795 | -€89,377 | -24.5% |
| Equity | 10/15 | €121,387 | €175,500 | +€54,113 | +44.6% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €85,651 | €0 | -€85,651 | -100.0% |
| Distributable reserves | 133 | €85,651 | €0 | -€85,651 | -100.0% |
| Profit (loss) carried forward | 14 | €35,236 | €175,000 | +€139,764 | +396.6% |
| Amounts payable | 17/49 | €242,784 | €99,295 | -€143,490 | -59.1% |
| Amounts payable within one year | 42/48 | €216,974 | €74,295 | -€142,679 | -65.8% |
| Trade debts | 44 | €16,974 | €5,680 | -€11,294 | -66.5% |
| Suppliers | 440/4 | €16,974 | €5,680 | -€11,294 | -66.5% |
| Taxes, remuneration and social security | 45 | - | €5,494 | +€5,494 | |
| Taxes | 450/3 | - | €5,494 | +€5,494 | |
| Other amounts payable | 47/48 | €200,000 | €63,121 | -€136,879 | -68.4% |
| Accrued charges and deferred income | 492/3 | €25,810 | €25,000 | -€810 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,200 | €16,347 | +€1,147 | +7.5% |
| Other operating charges | 640/8 | €987 | €506 | -€481 | -48.8% |
| Non-recurring operating charges | 66A | €979 | - | -€979 | |
| Gross operating margin | 9900 | €314,651 | €278,584 | -€36,067 | -11.5% |
| Operating profit (loss) | 9901 | €297,486 | €261,732 | -€35,755 | -12.0% |
| Financial income | 75/76B | €14,556 | €1,647 | -€12,910 | -88.7% |
| Recurring financial income | 75 | €10,888 | €1,647 | -€9,242 | -84.9% |
| Non-recurring financial income | 76B | €3,668 | - | -€3,668 | |
| Financial charges | 65/66B | €4,180 | €5,963 | +€1,783 | +42.7% |
| Recurring financial charges | 65 | €4,180 | €5,963 | +€1,783 | +42.7% |
| Profit (loss) for the period before taxes | 9903 | €307,862 | €257,415 | -€50,447 | -16.4% |
| Income taxes | 67/77 | €72,626 | €60,486 | -€12,140 | -16.7% |
| Profit (loss) for the period | 9904 | €235,236 | €196,928 | -€38,308 | -16.3% |
| Profit (loss) for the period to be appropriated | 9905 | €235,236 | €196,928 | -€38,308 | -16.3% |
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 9 October 2026 via checked.be.