ANTTRON: 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.
ANTTRON
Largest movements
- Current investments +€835,563
up €835,563 (+508%), from €164,437 to €1.0m
- Cash -€287,946
down €287,946 (-23.3%), from €1.2m to €945,407
mainly Current investments (-€835,563) and Other debts (-€210,000)
- Stocks and contracts -€117,457
down €117,457 (-14.5%), from €807,391 to €689,934
- Trade debts +€328,856
up €328,856 (+580%), from €56,664 to €385,520
- Reserves +€244,625
up €244,625 (+10.4%), from €2.3m to €2.6m
of which Distributable reserves: +€244,625
- Other debts -€210,000
down €210,000 (-50.0%), from €420,000 to €210,000
- Gross operating margin -€250,245
down €250,245 (-27.2%), from €918,372 to €668,127
- Financial income +€61,749
up €61,749 (+259%), from €23,861 to €85,610
- Staff costs -€45,020
down €45,020 (-35.8%), from €125,792 to €80,772
- Financial charges +€24,227
up €24,227 (+117%), from €20,737 to €44,964
- Write-downs +€13,530
up €13,530, from -€10,662 to €2,868
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 | €2,941,247 | €3,308,441 | +€367,194 | +12.5% |
| Fixed assets | 21/28 | €437,027 | €406,339 | -€30,688 | -7.0% |
| Tangible fixed assets | 22/27 | €437,027 | €406,339 | -€30,688 | -7.0% |
| Land and buildings | 22 | €262,409 | €255,903 | -€6,507 | -2.5% |
| Plant, machinery and equipment | 23 | €83,374 | €90,252 | +€6,878 | +8.2% |
| Furniture and vehicles | 24 | €91,244 | €60,184 | -€31,059 | -34.0% |
| Current assets | 29/58 | €2,504,220 | €2,902,102 | +€397,882 | +15.9% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €807,391 | €689,934 | -€117,457 | -14.5% |
| Stocks | 30/36 | €807,391 | €689,934 | -€117,457 | -14.5% |
| Amounts receivable within one year | 40/41 | €298,657 | €266,380 | -€32,277 | -10.8% |
| Trade receivables | 40 | €282,344 | €196,491 | -€85,853 | -30.4% |
| Other amounts receivable | 41 | €16,314 | €69,889 | +€53,576 | +328% |
| Current investments | 50/53 | €164,437 | €1,000,000 | +€835,563 | +508% |
| Cash at bank and in hand | 54/58 | €1,233,353 | €945,407 | -€287,946 | -23.3% |
| Deferred charges and accrued income | 490/1 | €381 | €381 | = | 0.0% |
| Total equity and liabilities | 10/49 | €2,941,247 | €3,308,441 | +€367,194 | +12.5% |
| Equity | 10/15 | €2,408,042 | €2,652,667 | +€244,625 | +10.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €2,346,042 | €2,590,667 | +€244,625 | +10.4% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €21,214 | €21,214 | = | 0.0% |
| Distributable reserves | 133 | €2,318,628 | €2,563,253 | +€244,625 | +10.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €45,186 | €48,054 | +€2,868 | +6.3% |
| Provisions for liabilities and charges | 160/5 | €45,186 | €48,054 | +€2,868 | +6.3% |
| Environmental obligations | 163 | €45,186 | €48,054 | +€2,868 | +6.3% |
| Amounts payable | 17/49 | €488,019 | €607,719 | +€119,700 | +24.5% |
| Amounts payable within one year | 42/48 | €485,519 | €605,219 | +€119,700 | +24.7% |
| Trade debts | 44 | €56,664 | €385,520 | +€328,856 | +580% |
| Suppliers | 440/4 | €56,664 | €385,520 | +€328,856 | +580% |
| Taxes, remuneration and social security | 45 | €8,854 | €9,699 | +€844 | +9.5% |
| Taxes | 450/3 | €616 | €4,216 | +€3,600 | +585% |
| Remuneration and social security | 454/9 | €8,239 | €5,483 | -€2,756 | -33.5% |
| Other amounts payable | 47/48 | €420,000 | €210,000 | -€210,000 | -50.0% |
| Accrued charges and deferred income | 492/3 | €2,500 | €2,500 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €125,792 | €80,772 | -€45,020 | -35.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,825 | €77,658 | +€6,833 | +9.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€10,662 | €2,868 | +€13,530 | |
| Other operating charges | 640/8 | €11,038 | €11,337 | +€299 | +2.7% |
| Gross operating margin | 9900 | €918,372 | €668,127 | -€250,245 | -27.2% |
| Operating profit (loss) | 9901 | €721,379 | €495,491 | -€225,888 | -31.3% |
| Financial income | 75/76B | €23,861 | €85,610 | +€61,749 | +259% |
| Recurring financial income | 75 | €23,861 | €85,610 | +€61,749 | +259% |
| Financial charges | 65/66B | €20,737 | €44,964 | +€24,227 | +117% |
| Recurring financial charges | 65 | €20,737 | €44,964 | +€24,227 | +117% |
| Profit (loss) for the period before taxes | 9903 | €724,502 | €536,136 | -€188,366 | -26.0% |
| Income taxes | 67/77 | €76,858 | €81,511 | +€4,653 | +6.1% |
| Profit (loss) for the period | 9904 | €647,645 | €454,625 | -€193,019 | -29.8% |
| Profit (loss) for the period to be appropriated | 9905 | €647,645 | €454,625 | -€193,019 | -29.8% |
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 22 October 2026 via checked.be.