ANTROMA: 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
ANTROMA
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€43,931
2024 · €1.1m-€1.0m
Equity
€2.2m
2024 · €2.2m+€43,931
Cash
€68,506
2024 · €65,813+€2,692
Balance sheet total
€7.3m
2024 · €7.0m+€335,426
Largest movements
Assets
- Tangible fixed assets +€575,895
up €575,895 (+11.9%), from €4.8m to €5.4m
- Receivables within one year -€217,983
down €217,983 (-51.6%), from €422,241 to €204,258
of which Other amounts receivable: -€368,722
Equity and liabilities
- Trade debts +€570,976
up €570,976 (+149%), from €384,494 to €955,470
- Debts after one year -€326,115
down €326,115 (-16.5%), from €2.0m to €1.7m
- Other debts +€269,309
up €269,309 (+22.8%), from €1.2m to €1.4m
- Current portion of long-term debt -€193,671
down €193,671 (-37.2%), from €520,604 to €326,933
- Profit (loss) carried forward +€140,033
up €140,033 (+5.3%), from -€2.6m to -€2.5m
Income statement
- Gross operating margin -€2.1m
down €2.1m (-82.7%), from €2.5m to €431,476
- Financial charges -€107,853
down €107,853 (-44.6%), from €241,632 to €133,778
- Depreciation +€107,747
up €107,747 (+69.5%), from €155,048 to €262,795
- Other operating charges -€60,835
down €60,835 (-72.5%), from €83,854 to €23,019
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
€1.1m
Gross operating margin
-€2.1m
Depreciation
-€107,747
Other operating charges
+€60,835
Other operating items
+€326,646
Financial income
-€6,443
Financial charges
+€107,853
Taxes
+€22
Deferred taxes and other
+€672,194
Result 2025
€43,931
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.4m
Investment
-€836,903
Financing
-€519,787
Cash 2024
€65,813
From operations (derived)
+€1.4m
Net result for the year
+€43,931
Depreciation
+€262,795
Receivables within one year
+€217,983
Deferred charges and accrued income
+€23,392
Provisions
-€32,034
Trade debts
+€570,976
Tax, wage and social debts
+€10,842
Other debts
+€269,309
Accrued charges and deferred income
-€7,811
Investment (derived)
-€836,903
Investment in fixed assets (net)
-€836,903
Financing
-€519,787
Debts after one year
-€326,115
Current portion of long-term debt
-€193,671
Cash 2025
€68,506
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,951,531 | €7,286,957 | +€335,426 | +4.8% |
| Fixed assets | 21/28 | €6,396,710 | €6,970,818 | +€574,108 | +9.0% |
| Tangible fixed assets | 22/27 | €4,830,923 | €5,406,818 | +€575,895 | +11.9% |
| Land and buildings | 22 | €4,830,923 | €5,406,818 | +€575,895 | +11.9% |
| Financial fixed assets | 28 | €1,565,787 | €1,564,000 | -€1,787 | -0.1% |
| Current assets | 29/58 | €554,821 | €316,139 | -€238,682 | -43.0% |
| Amounts receivable within one year | 40/41 | €422,241 | €204,258 | -€217,983 | -51.6% |
| Trade receivables | 40 | €23,157 | €173,897 | +€150,740 | +651% |
| Other amounts receivable | 41 | €399,083 | €30,361 | -€368,722 | -92.4% |
| Cash at bank and in hand | 54/58 | €65,813 | €68,506 | +€2,692 | +4.1% |
| Deferred charges and accrued income | 490/1 | €66,767 | €43,375 | -€23,392 | -35.0% |
| Total equity and liabilities | 10/49 | €6,951,531 | €7,286,957 | +€335,426 | +4.8% |
| Equity | 10/15 | €2,183,934 | €2,227,865 | +€43,931 | +2.0% |
| Contributions | 10/11 | €1,633,500 | €1,633,500 | = | 0.0% |
| Capital | 10 | €1,633,500 | €1,633,500 | = | 0.0% |
| Issued capital | 100 | €1,633,500 | €1,633,500 | = | 0.0% |
| Revaluation surpluses | 12 | €1,065,839 | €1,001,706 | -€64,133 | -6.0% |
| Reserves | 13 | €2,126,924 | €2,094,955 | -€31,969 | -1.5% |
| Non-distributable reserves | 130/1 | €22,680 | €22,680 | = | 0.0% |
| Legal reserve | 130 | €22,680 | €22,680 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,920,479 | €1,824,377 | -€96,102 | -5.0% |
| Distributable reserves | 133 | €183,765 | €247,898 | +€64,133 | +34.9% |
| Profit (loss) carried forward | 14 | -€2,642,328 | -€2,502,296 | +€140,033 | +5.3% |
| Provisions and deferred taxes | 16 | €640,160 | €608,126 | -€32,034 | -5.0% |
| Deferred taxes | 168 | €640,160 | €608,126 | -€32,034 | -5.0% |
| Amounts payable | 17/49 | €4,127,437 | €4,450,966 | +€323,529 | +7.8% |
| Amounts payable after more than one year | 17 | €1,977,346 | €1,651,230 | -€326,115 | -16.5% |
| Financial debts | 170/4 | €1,977,346 | €1,651,230 | -€326,115 | -16.5% |
| Amounts payable within one year | 42/48 | €2,084,590 | €2,742,046 | +€657,456 | +31.5% |
| Current portion of amounts payable after more than one year | 42 | €520,604 | €326,933 | -€193,671 | -37.2% |
| Trade debts | 44 | €384,494 | €955,470 | +€570,976 | +149% |
| Suppliers | 440/4 | €384,494 | €955,470 | +€570,976 | +149% |
| Taxes, remuneration and social security | 45 | - | €10,842 | +€10,842 | |
| Taxes | 450/3 | - | €10,842 | +€10,842 | |
| Other amounts payable | 47/48 | €1,179,492 | €1,448,801 | +€269,309 | +22.8% |
| Accrued charges and deferred income | 492/3 | €65,501 | €57,690 | -€7,811 | -11.9% |
| Non-recurring operating income | 76A | €2,562,717 | €9,000 | -€2.6m | -99.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €155,048 | €262,795 | +€107,747 | +69.5% |
| Other operating charges | 640/8 | €83,854 | €23,019 | -€60,835 | -72.5% |
| Non-recurring operating charges | 66A | €326,646 | - | -€326,646 | |
| Gross operating margin | 9900 | €2,499,459 | €431,476 | -€2.1m | -82.7% |
| Operating profit (loss) | 9901 | €1,933,911 | €145,662 | -€1.8m | -92.5% |
| Financial income | 75/76B | €6,452 | €9 | -€6,443 | -99.9% |
| Recurring financial income | 75 | €6,452 | €9 | -€6,443 | -99.9% |
| Financial charges | 65/66B | €241,632 | €133,778 | -€107,853 | -44.6% |
| Recurring financial charges | 65 | €241,632 | €133,778 | -€107,853 | -44.6% |
| Profit (loss) for the period before taxes | 9903 | €1,698,731 | €11,892 | -€1.7m | -99.3% |
| Transfer from deferred taxes | 780 | €520 | €32,034 | +€31,514 | +6,063% |
| Transfer to deferred taxes | 680 | €640,679 | - | -€640,679 | |
| Income taxes | 67/77 | €18 | -€4 | -€22 | |
| Profit (loss) for the period | 9904 | €1,058,554 | €43,931 | -€1.0m | -95.8% |
| Transfer from tax-exempt reserves | 789 | €1,559 | €96,102 | +€94,543 | +6,063% |
| Transfer to tax-exempt reserves | 689 | €1,922,038 | - | -€1.9m | |
| Profit (loss) for the period to be appropriated | 9905 | -€861,925 | €140,033 | +€1.0m |
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 19 October 2026 via checked.be.