ANTRACO BELGIUM: what changed
What changed
ANTRACO BELGIUM
NACE 46.341, Wholesale of wines and spirits
filed annual accounts (NBB)
Net result for the year
€134,955
2024 · €6,650+€128,305
Equity
€128,673
2024 · -€6,282+€134,955
Cash
€132,536
2024 · €40,461+€92,075
Balance sheet total
€306,248
2024 · €236,059+€70,188
Largest movements
Assets
- Cash +€92,075
up €92,075 (+228%), from €40,461 to €132,536
mainly Net result for the year (+€134,955) and Depreciation (+€27,662)
- Tangible fixed assets -€24,962
down €24,962 (-19.0%), from €131,354 to €106,393
of which Land and buildings: -€24,186
- Stocks and contracts +€3,090
up €3,090 (+5.6%), from €54,909 to €57,999
Equity and liabilities
- Reserves +€108,222
up €108,222 (+5,821%), from €1,859 to €110,081
- Profit (loss) carried forward +€26,733
up €26,733, from -€26,733 to €0
- Current portion of long-term debt -€24,299
down €24,299 (-51.8%), from €46,951 to €22,652
- Trade debts -€22,949
down €22,949 (-99.5%), from €23,075 to €126
- Debts after one year -€22,652
down €22,652 (-20.6%), from €109,925 to €87,273
Income statement
- Gross operating margin +€177,444
up €177,444 (+375%), from €47,379 to €224,823
- Taxes +€52,117
new in 2025: €52,117
- Financial charges -€2,434
down €2,434 (-25.9%), from €9,408 to €6,974
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€6,650
Gross operating margin
+€177,444
Depreciation
+€554
Other operating charges
-€29
Financial income
+€19
Financial charges
+€2,434
Taxes
-€52,117
Result 2025
€134,955
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€141,726
Investment
-€2,700
Financing
-€46,951
Cash 2024
€40,461
From operations (derived)
+€141,726
Net result for the year
+€134,955
Depreciation
+€27,662
Stocks and contracts
-€3,090
Receivables within one year
+€15
Trade debts
-€22,949
Tax, wage and social debts
+€12,004
Advances received
+€345
Other debts
-€3,779
Accrued charges and deferred income
-€3,437
Investment (derived)
-€2,700
Investment in fixed assets (net)
-€2,700
Financing
-€46,951
Debts after one year
-€22,652
Current portion of long-term debt
-€24,299
Cash 2025
€132,536
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €236,059 | €306,248 | +€70,188 | +29.7% |
| Fixed assets | 21/28 | €131,354 | €106,393 | -€24,962 | -19.0% |
| Tangible fixed assets | 22/27 | €131,354 | €106,393 | -€24,962 | -19.0% |
| Land and buildings | 22 | €130,273 | €106,087 | -€24,186 | -18.6% |
| Plant, machinery and equipment | 23 | €1,081 | €305 | -€776 | -71.8% |
| Current assets | 29/58 | €104,705 | €199,855 | +€95,150 | +90.9% |
| Stocks and contracts in progress | 3 | €54,909 | €57,999 | +€3,090 | +5.6% |
| Stocks | 30/36 | €54,909 | €57,999 | +€3,090 | +5.6% |
| Amounts receivable within one year | 40/41 | €9,335 | €9,321 | -€15 | -0.2% |
| Trade receivables | 40 | €335 | €321 | -€15 | -4.4% |
| Other amounts receivable | 41 | €9,000 | €9,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €40,461 | €132,536 | +€92,075 | +228% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €236,059 | €306,248 | +€70,188 | +29.7% |
| Equity | 10/15 | -€6,282 | €128,673 | +€134,955 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €110,081 | +€108,222 | +5,821% |
| Distributable reserves | 133 | €1,859 | €110,081 | +€108,222 | +5,821% |
| Profit (loss) carried forward | 14 | -€26,733 | €0 | +€26,733 | |
| Amounts payable | 17/49 | €242,341 | €177,574 | -€64,767 | -26.7% |
| Amounts payable after more than one year | 17 | €109,925 | €87,273 | -€22,652 | -20.6% |
| Financial debts | 170/4 | €109,925 | €87,273 | -€22,652 | -20.6% |
| Amounts payable within one year | 42/48 | €124,249 | €85,571 | -€38,678 | -31.1% |
| Current portion of amounts payable after more than one year | 42 | €46,951 | €22,652 | -€24,299 | -51.8% |
| Trade debts | 44 | €23,075 | €126 | -€22,949 | -99.5% |
| Suppliers | 440/4 | €23,075 | €126 | -€22,949 | -99.5% |
| Advances received on contracts in progress | 46 | €622 | €967 | +€345 | +55.4% |
| Taxes, remuneration and social security | 45 | €32,945 | €44,948 | +€12,004 | +36.4% |
| Taxes | 450/3 | €32,945 | €44,948 | +€12,004 | +36.4% |
| Other amounts payable | 47/48 | €20,656 | €16,878 | -€3,779 | -18.3% |
| Accrued charges and deferred income | 492/3 | €8,168 | €4,731 | -€3,437 | -42.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,216 | €27,662 | -€554 | -2.0% |
| Other operating charges | 640/8 | €3,109 | €3,138 | +€29 | +0.9% |
| Gross operating margin | 9900 | €47,379 | €224,823 | +€177,444 | +375% |
| Operating profit (loss) | 9901 | €16,053 | €194,023 | +€177,970 | +1,109% |
| Financial income | 75/76B | €5 | €24 | +€19 | +373% |
| Recurring financial income | 75 | €5 | €24 | +€19 | +373% |
| Financial charges | 65/66B | €9,408 | €6,974 | -€2,434 | -25.9% |
| Recurring financial charges | 65 | €9,408 | €6,974 | -€2,434 | -25.9% |
| Profit (loss) for the period before taxes | 9903 | €6,650 | €187,073 | +€180,423 | +2,713% |
| Income taxes | 67/77 | - | €52,117 | +€52,117 | |
| Profit (loss) for the period | 9904 | €6,650 | €134,955 | +€128,305 | +1,929% |
| Profit (loss) for the period to be appropriated | 9905 | €6,650 | €134,955 | +€128,305 | +1,929% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.