ANTREMA: 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.
ANTREMA
Largest movements
- Intangible fixed assets -€29,313
no longer reported in 2025 (was €29,313)
- Receivables within one year +€5,527
up €5,527 (+173%), from €3,186 to €8,713
of which Trade receivables: +€5,527
- Cash +€5,308
up €5,308 (+106%), from €4,992 to €10,300
mainly Depreciation (+€29,772) and Other debts (+€21,648)
- Stocks and contracts -€549
down €549 (-4.1%), from €13,381 to €12,832
- Other debts +€21,648
up €21,648 (+17.8%), from €121,772 to €143,419
- Profit (loss) carried forward -€17,323
down €17,323 (-7.7%), from -€226,216 to -€243,538
- Current portion of long-term debt -€17,322
down €17,322 (-61.1%), from €28,360 to €11,038
- Debts after one year -€8,837
down €8,837 (-10.9%), from €80,837 to €72,000
- Tax, wage and social debts +€2,768
up €2,768 (+347%), from €799 to €3,567
- Gross operating margin +€13,512
up €13,512 (+2,419%), from €558 to €14,070
- Other operating charges -€630
down €630 (-49.5%), from €1,272 to €643
- Depreciation -€583
down €583 (-1.9%), from €30,355 to €29,772
- Financial charges -€317
down €317 (-25.4%), from €1,251 to €934
- Financial income +€189
up €189 (+8,008%), from €2 to €191
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 | €51,482 | €31,995 | -€19,486 | -37.9% |
| Fixed assets | 21/28 | €29,922 | €150 | -€29,772 | -99.5% |
| Intangible fixed assets | 21 | €29,313 | - | -€29,313 | |
| Tangible fixed assets | 22/27 | €460 | - | -€460 | |
| Furniture and vehicles | 24 | €460 | - | -€460 | |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €21,559 | €31,845 | +€10,286 | +47.7% |
| Stocks and contracts in progress | 3 | €13,381 | €12,832 | -€549 | -4.1% |
| Stocks | 30/36 | €13,381 | €12,832 | -€549 | -4.1% |
| Amounts receivable within one year | 40/41 | €3,186 | €8,713 | +€5,527 | +173% |
| Trade receivables | 40 | €3,150 | €8,677 | +€5,527 | +175% |
| Other amounts receivable | 41 | €36 | €36 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €4,992 | €10,300 | +€5,308 | +106% |
| Total equity and liabilities | 10/49 | €51,482 | €31,995 | -€19,486 | -37.9% |
| Equity | 10/15 | -€181,449 | -€198,771 | -€17,323 | -9.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €26,217 | €26,217 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €24,357 | €24,357 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€226,216 | -€243,538 | -€17,323 | -7.7% |
| Amounts payable | 17/49 | €232,930 | €230,767 | -€2,164 | -0.9% |
| Amounts payable after more than one year | 17 | €80,837 | €72,000 | -€8,837 | -10.9% |
| Financial debts | 170/4 | €80,837 | €72,000 | -€8,837 | -10.9% |
| Amounts payable within one year | 42/48 | €152,038 | €158,750 | +€6,713 | +4.4% |
| Current portion of amounts payable after more than one year | 42 | €28,360 | €11,038 | -€17,322 | -61.1% |
| Trade debts | 44 | €1,108 | €727 | -€381 | -34.4% |
| Suppliers | 440/4 | €1,108 | €727 | -€381 | -34.4% |
| Taxes, remuneration and social security | 45 | €799 | €3,567 | +€2,768 | +347% |
| Taxes | 450/3 | €799 | €3,567 | +€2,768 | +347% |
| Other amounts payable | 47/48 | €121,772 | €143,419 | +€21,648 | +17.8% |
| Accrued charges and deferred income | 492/3 | €56 | €16 | -€39 | -70.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,355 | €29,772 | -€583 | -1.9% |
| Other operating charges | 640/8 | €1,272 | €643 | -€630 | -49.5% |
| Gross operating margin | 9900 | €558 | €14,070 | +€13,512 | +2,419% |
| Operating profit (loss) | 9901 | -€31,069 | -€16,345 | +€14,724 | +47.4% |
| Financial income | 75/76B | €2 | €191 | +€189 | +8,008% |
| Recurring financial income | 75 | €2 | €191 | +€189 | +8,008% |
| Financial charges | 65/66B | €1,251 | €934 | -€317 | -25.4% |
| Recurring financial charges | 65 | €1,251 | €934 | -€317 | -25.4% |
| Profit (loss) for the period before taxes | 9903 | -€32,318 | -€17,088 | +€15,230 | +47.1% |
| Income taxes | 67/77 | €227 | €235 | +€8 | +3.4% |
| Profit (loss) for the period | 9904 | -€32,545 | -€17,323 | +€15,222 | +46.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,545 | -€17,323 | +€15,222 | +46.8% |
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 27 October 2026 via checked.be.