ANTRACOBEL: 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.
ANTRACOBEL
Largest movements
- Cash +€7,835
up €7,835 (+13,280%), from €59 to €7,894
mainly Other debts (+€14,275) and Depreciation (+€11,584)
- Stocks and contracts +€6,900
up €6,900 (+345%), from €2,000 to €8,900
- Receivables within one year -€6,374
down €6,374 (-23.4%), from €27,225 to €20,851
of which Trade receivables: -€5,996
- Deferred charges and accrued income +€4,000
new in 2025: €4,000
- Financial fixed assets +€2,300
up €2,300 (+1,186%), from €194 to €2,494
- Other debts +€14,275
up €14,275 (+220%), from €6,499 to €20,774
- Profit (loss) carried forward -€7,627
down €7,627 (-26.2%), from -€29,118 to -€36,745
- Trade debts +€4,068
up €4,068 (+89.0%), from €4,572 to €8,640
- Tax, wage and social debts +€1,507
up €1,507 (+211%), from €713 to €2,220
- Accrued charges and deferred income +€982
up €982 (+84.7%), from €1,159 to €2,141
- Turnover +€12,738
up €12,738 (+27.9%), from €45,737 to €58,475
- Write-downs +€2,800
new in 2025: €2,800
- Gross operating margin +€2,368
up €2,368 (+38.6%), from €6,141 to €8,509
- Depreciation +€2,098
up €2,098 (+22.1%), from €9,486 to €11,584
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 | €45,798 | €59,003 | +€13,205 | +28.8% |
| Fixed assets | 21/28 | €16,514 | €17,358 | +€844 | +5.1% |
| Tangible fixed assets | 22/27 | €16,320 | €14,864 | -€1,456 | -8.9% |
| Land and buildings | 22 | €4,000 | €4,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €5,199 | €3,619 | -€1,580 | -30.4% |
| Furniture and vehicles | 24 | €7,121 | €7,245 | +€124 | +1.7% |
| Financial fixed assets | 28 | €194 | €2,494 | +€2,300 | +1,186% |
| Current assets | 29/58 | €29,284 | €41,645 | +€12,361 | +42.2% |
| Stocks and contracts in progress | 3 | €2,000 | €8,900 | +€6,900 | +345% |
| Stocks | 30/36 | €2,000 | €8,900 | +€6,900 | +345% |
| Amounts receivable within one year | 40/41 | €27,225 | €20,851 | -€6,374 | -23.4% |
| Trade receivables | 40 | €25,811 | €19,815 | -€5,996 | -23.2% |
| Other amounts receivable | 41 | €1,414 | €1,036 | -€378 | -26.7% |
| Cash at bank and in hand | 54/58 | €59 | €7,894 | +€7,835 | +13,280% |
| Deferred charges and accrued income | 490/1 | - | €4,000 | +€4,000 | |
| Total equity and liabilities | 10/49 | €45,798 | €59,003 | +€13,205 | +28.8% |
| Equity | 10/15 | €32,855 | €25,228 | -€7,627 | -23.2% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,118 | -€36,745 | -€7,627 | -26.2% |
| Amounts payable | 17/49 | €12,943 | €33,775 | +€20,832 | +161% |
| Amounts payable within one year | 42/48 | €11,784 | €31,634 | +€19,850 | +168% |
| Trade debts | 44 | €4,572 | €8,640 | +€4,068 | +89.0% |
| Suppliers | 440/4 | €4,572 | €8,640 | +€4,068 | +89.0% |
| Taxes, remuneration and social security | 45 | €713 | €2,220 | +€1,507 | +211% |
| Taxes | 450/3 | €713 | €2,220 | +€1,507 | +211% |
| Other amounts payable | 47/48 | €6,499 | €20,774 | +€14,275 | +220% |
| Accrued charges and deferred income | 492/3 | €1,159 | €2,141 | +€982 | +84.7% |
| Turnover | 70 | €45,737 | €58,475 | +€12,738 | +27.9% |
| Non-recurring operating income | 76A | €20,000 | €10,000 | -€10,000 | -50.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €59,596 | €59,966 | +€370 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,486 | €11,584 | +€2,098 | +22.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,800 | +€2,800 | |
| Other operating charges | 640/8 | €724 | €892 | +€168 | +23.2% |
| Gross operating margin | 9900 | €6,141 | €8,509 | +€2,368 | +38.6% |
| Operating profit (loss) | 9901 | -€4,069 | -€6,767 | -€2,698 | -66.3% |
| Financial charges | 65/66B | €490 | €484 | -€6 | -1.2% |
| Recurring financial charges | 65 | €490 | €484 | -€6 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | -€4,559 | -€7,251 | -€2,692 | -59.0% |
| Income taxes | 67/77 | €713 | €376 | -€337 | -47.3% |
| Profit (loss) for the period | 9904 | -€5,272 | -€7,627 | -€2,355 | -44.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,272 | -€7,627 | -€2,355 | -44.7% |
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 27 October 2026 via checked.be.