ANTOS: 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
ANTOS
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€180,253
2024 · €150,470+€29,783
Equity
€530,329
2024 · €568,874-€38,545
Cash
€14,711
2024 · €10,789+€3,921
Balance sheet total
€6.0m
2024 · €6.2m-€150,421
Largest movements
Assets
- Tangible fixed assets -€175,910
down €175,910 (-2.9%), from €6.0m to €5.8m
Equity and liabilities
- Debts after one year -€394,299
down €394,299 (-7.8%), from €5.1m to €4.7m
- Other debts +€205,451
up €205,451 (+5870.0%), from €3,500 to €208,951
Income statement
- Gross operating margin +€29,175
up €29,175 (+4.8%), from €611,503 to €640,678
- Taxes +€13,899
up €13,899 (+19.8%), from €70,219 to €84,118
- Financial charges -€9,667
down €9,667 (-7.3%), from €132,364 to €122,696
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
€150,470
Gross operating margin
+€29,175
Other operating charges
+€4,265
Financial income
+€575
Financial charges
+€9,667
Taxes
-€13,899
Result 2025
€180,253
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.
From operations
+€617,234
Investment
€0
Financing
-€613,313
Cash 2024
€10,789
From operations (derived)
+€617,234
Net result for the year
+€180,253
Depreciation
+€175,910
Receivables within one year
-€19,726
Deferred charges and accrued income
-€1,842
Trade debts
+€29,723
Tax, wage and social debts
+€47,464
Other debts
+€205,451
Financing
-€613,313
Debts after one year
-€394,299
Current portion of long-term debt
-€138
Short-term financial debts
-€78
Contributions, distributions and other
-€218,798
Cash 2025
€14,711
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,166,670 | €6,016,249 | -€150,421 | -2.4% |
| Fixed assets | 21/28 | €5,978,684 | €5,802,774 | -€175,910 | -2.9% |
| Tangible fixed assets | 22/27 | €5,978,684 | €5,802,774 | -€175,910 | -2.9% |
| Land and buildings | 22 | €5,978,684 | €5,802,774 | -€175,910 | -2.9% |
| Current assets | 29/58 | €187,986 | €213,475 | +€25,489 | +13.6% |
| Amounts receivable within one year | 40/41 | €170,308 | €190,034 | +€19,726 | +11.6% |
| Trade receivables | 40 | €6,379 | €8,874 | +€2,495 | +39.1% |
| Other amounts receivable | 41 | €163,929 | €181,160 | +€17,231 | +10.5% |
| Cash at bank and in hand | 54/58 | €10,789 | €14,711 | +€3,921 | +36.3% |
| Deferred charges and accrued income | 490/1 | €6,888 | €8,730 | +€1,842 | +26.7% |
| Total equity and liabilities | 10/49 | €6,166,670 | €6,016,249 | -€150,421 | -2.4% |
| Equity | 10/15 | €568,874 | €530,329 | -€38,545 | -6.8% |
| Contributions | 10/11 | €19,220 | €19,220 | = | 0.0% |
| Reserves | 13 | €549,654 | €511,109 | -€38,545 | -7.0% |
| Tax-exempt reserves | 132 | €117,330 | €0 | -€117,330 | -100.0% |
| Distributable reserves | 133 | €432,324 | €511,109 | +€78,785 | +18.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €5,597,796 | €5,485,919 | -€111,877 | -2.0% |
| Amounts payable after more than one year | 17 | €5,065,296 | €4,670,997 | -€394,299 | -7.8% |
| Financial debts | 170/4 | €5,065,296 | €4,670,997 | -€394,299 | -7.8% |
| Amounts payable within one year | 42/48 | €532,500 | €814,922 | +€282,422 | +53.0% |
| Current portion of amounts payable after more than one year | 42 | €456,437 | €456,299 | -€138 | 0.0% |
| Financial debts | 43 | €16,904 | €16,826 | -€78 | -0.5% |
| Credit institutions | 430/8 | €16,904 | €16,826 | -€78 | -0.5% |
| Trade debts | 44 | €35,440 | €65,163 | +€29,723 | +83.9% |
| Suppliers | 440/4 | €35,440 | €65,163 | +€29,723 | +83.9% |
| Taxes, remuneration and social security | 45 | €20,219 | €67,684 | +€47,464 | +234.7% |
| Taxes | 450/3 | €20,219 | €67,684 | +€47,464 | +234.7% |
| Other amounts payable | 47/48 | €3,500 | €208,951 | +€205,451 | +5870.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €175,910 | €175,910 | = | 0.0% |
| Other operating charges | 640/8 | €90,695 | €86,431 | -€4,265 | -4.7% |
| Gross operating margin | 9900 | €611,503 | €640,678 | +€29,175 | +4.8% |
| Operating profit (loss) | 9901 | €344,898 | €378,338 | +€33,440 | +9.7% |
| Financial income | 75/76B | €8,155 | €8,730 | +€575 | +7.0% |
| Recurring financial income | 75 | €8,155 | €8,730 | +€575 | +7.0% |
| Financial charges | 65/66B | €132,364 | €122,696 | -€9,667 | -7.3% |
| Recurring financial charges | 65 | €132,364 | €122,696 | -€9,667 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | €220,689 | €264,371 | +€43,682 | +19.8% |
| Income taxes | 67/77 | €70,219 | €84,118 | +€13,899 | +19.8% |
| Profit (loss) for the period | 9904 | €150,470 | €180,253 | +€29,783 | +19.8% |
| Transfer from tax-exempt reserves | 789 | - | €117,330 | +€117,330 | |
| Profit (loss) for the period to be appropriated | 9905 | €150,470 | €297,583 | +€147,113 | +97.8% |
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.