Antwerp Barge Services: 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.
Antwerp Barge Services
Largest movements
- Cash +€115,724
up €115,724 (+115%), from €100,237 to €215,962
mainly Net result for the year (+€115,941) and Tax, wage and social debts (+€19,382)
- Receivables within one year +€9,715
up €9,715 (+13.3%), from €73,161 to €82,876
of which Other amounts receivable: +€16,579
- Reserves +€84,350
up €84,350 (+154%), from €54,800 to €139,150
of which Distributable reserves: +€83,000
- Profit (loss) carried forward +€31,591
up €31,591, from -€31,234 to €357
- Tax, wage and social debts +€19,382
up €19,382 (+223%), from €8,690 to €28,073
of which Taxes: +€15,699
- Other debts -€12,754
down €12,754 (-48.0%), from €26,556 to €13,803
- Trade debts +€3,085
up €3,085 (+5.6%), from €55,372 to €58,457
- Gross operating margin +€79,362
up €79,362 (+57.7%), from €137,520 to €216,882
- Staff costs +€32,041
up €32,041 (+133%), from €24,051 to €56,091
- Taxes +€21,817
up €21,817 (+100%), from €21,784 to €43,601
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 | €175,685 | €301,340 | +€125,655 | +71.5% |
| Fixed assets | 21/28 | €2,288 | €1,756 | -€532 | -23.2% |
| Tangible fixed assets | 22/27 | €1,925 | €1,393 | -€532 | -27.6% |
| Plant, machinery and equipment | 23 | €951 | €755 | -€195 | -20.5% |
| Furniture and vehicles | 24 | €974 | €637 | -€337 | -34.6% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €173,398 | €299,584 | +€126,186 | +72.8% |
| Amounts receivable within one year | 40/41 | €73,161 | €82,876 | +€9,715 | +13.3% |
| Trade receivables | 40 | €61,291 | €54,427 | -€6,864 | -11.2% |
| Other amounts receivable | 41 | €11,869 | €28,449 | +€16,579 | +140% |
| Cash at bank and in hand | 54/58 | €100,237 | €215,962 | +€115,724 | +115% |
| Deferred charges and accrued income | 490/1 | - | €747 | +€747 | |
| Total equity and liabilities | 10/49 | €175,685 | €301,340 | +€125,655 | +71.5% |
| Equity | 10/15 | €85,066 | €201,007 | +€115,941 | +136% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €54,800 | €139,150 | +€84,350 | +154% |
| Non-distributable reserves | 130/1 | €4,800 | €6,150 | +€1,350 | +28.1% |
| Legal reserve | 130 | €4,800 | €6,150 | +€1,350 | +28.1% |
| Distributable reserves | 133 | €50,000 | €133,000 | +€83,000 | +166% |
| Profit (loss) carried forward | 14 | -€31,234 | €357 | +€31,591 | |
| Amounts payable | 17/49 | €90,619 | €100,333 | +€9,714 | +10.7% |
| Amounts payable within one year | 42/48 | €90,619 | €100,333 | +€9,714 | +10.7% |
| Trade debts | 44 | €55,372 | €58,457 | +€3,085 | +5.6% |
| Suppliers | 440/4 | €55,372 | €58,457 | +€3,085 | +5.6% |
| Taxes, remuneration and social security | 45 | €8,690 | €28,073 | +€19,382 | +223% |
| Taxes | 450/3 | €5,000 | €20,699 | +€15,699 | +314% |
| Remuneration and social security | 454/9 | €3,690 | €7,374 | +€3,684 | +99.8% |
| Other amounts payable | 47/48 | €26,556 | €13,803 | -€12,754 | -48.0% |
| Remuneration, social security and pensions | 62 | €24,051 | €56,091 | +€32,041 | +133% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61 | €532 | +€471 | +770% |
| Other operating charges | 640/8 | €834 | €585 | -€249 | -29.8% |
| Gross operating margin | 9900 | €137,520 | €216,882 | +€79,362 | +57.7% |
| Operating profit (loss) | 9901 | €112,574 | €159,674 | +€47,100 | +41.8% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €103 | €131 | +€29 | +27.8% |
| Recurring financial charges | 65 | €103 | €131 | +€29 | +27.8% |
| Profit (loss) for the period before taxes | 9903 | €112,472 | €159,542 | +€47,071 | +41.9% |
| Income taxes | 67/77 | €21,784 | €43,601 | +€21,817 | +100% |
| Profit (loss) for the period | 9904 | €90,687 | €115,941 | +€25,254 | +27.8% |
| Profit (loss) for the period to be appropriated | 9905 | €90,687 | €115,941 | +€25,254 | +27.8% |
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 30 October 2026 via checked.be.