ANTWERP BRILLIANCE: 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 BRILLIANCE
Largest movements
- Stocks and contracts +€10,824
up €10,824 (+233%), from €4,651 to €15,475
- Receivables within one year -€2,373
down €2,373 (-46.3%), from €5,121 to €2,749
of which Trade receivables: -€2,373
- Tangible fixed assets -€1,498
down €1,498 (-49.1%), from €3,053 to €1,555
of which Plant, machinery and equipment: -€783
- Other debts +€27,382
up €27,382 (+367%), from €7,456 to €34,838
- Profit (loss) carried forward -€18,081
down €18,081 (-204%), from -€8,855 to -€26,936
- Trade debts -€3,006
down €3,006 (-81.1%), from €3,706 to €700
- Tax, wage and social debts +€370
up €370 (+22.0%), from €1,680 to €2,050
of which Remuneration and social security: +€2,050
- Gross operating margin -€9,232
down €9,232 (-130%), from -€7,097 to -€16,329
- Financial charges +€164
up €164, from -€30 to €134
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 | €13,987 | €20,787 | +€6,800 | +48.6% |
| Fixed assets | 21/28 | €3,053 | €1,555 | -€1,498 | -49.1% |
| Tangible fixed assets | 22/27 | €3,053 | €1,555 | -€1,498 | -49.1% |
| Plant, machinery and equipment | 23 | €2,284 | €1,500 | -€783 | -34.3% |
| Furniture and vehicles | 24 | €769 | €55 | -€714 | -92.9% |
| Current assets | 29/58 | €10,935 | €19,232 | +€8,297 | +75.9% |
| Stocks and contracts in progress | 3 | €4,651 | €15,475 | +€10,824 | +233% |
| Stocks | 30/36 | €4,651 | €15,475 | +€10,824 | +233% |
| Amounts receivable within one year | 40/41 | €5,121 | €2,749 | -€2,373 | -46.3% |
| Trade receivables | 40 | €4,875 | €2,503 | -€2,373 | -48.7% |
| Other amounts receivable | 41 | €246 | €246 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €27 | €67 | +€40 | +147% |
| Deferred charges and accrued income | 490/1 | €1,136 | €942 | -€194 | -17.1% |
| Total equity and liabilities | 10/49 | €13,987 | €20,787 | +€6,800 | +48.6% |
| Equity | 10/15 | €1,145 | -€16,936 | -€18,081 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,855 | -€26,936 | -€18,081 | -204% |
| Amounts payable | 17/49 | €12,842 | €37,723 | +€24,880 | +194% |
| Amounts payable within one year | 42/48 | €12,842 | €37,723 | +€24,880 | +194% |
| Trade debts | 44 | €3,706 | €700 | -€3,006 | -81.1% |
| Suppliers | 440/4 | €3,706 | €700 | -€3,006 | -81.1% |
| Advances received on contracts in progress | 46 | - | €135 | +€135 | |
| Taxes, remuneration and social security | 45 | €1,680 | €2,050 | +€370 | +22.0% |
| Taxes | 450/3 | €1,680 | - | -€1,680 | |
| Remuneration and social security | 454/9 | - | €2,050 | +€2,050 | |
| Other amounts payable | 47/48 | €7,456 | €34,838 | +€27,382 | +367% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,497 | €1,498 | +€0 | 0.0% |
| Other operating charges | 640/8 | - | €120 | +€120 | |
| Gross operating margin | 9900 | -€7,097 | -€16,329 | -€9,232 | -130% |
| Operating profit (loss) | 9901 | -€8,594 | -€17,947 | -€9,352 | -109% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | -€30 | €134 | +€164 | |
| Recurring financial charges | 65 | -€30 | €134 | +€164 | |
| Profit (loss) for the period before taxes | 9903 | -€8,561 | -€18,081 | -€9,519 | -111% |
| Profit (loss) for the period | 9904 | -€8,561 | -€18,081 | -€9,519 | -111% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,561 | -€18,081 | -€9,519 | -111% |
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 29 October 2026 via checked.be.