ANTWERP COATING: 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 COATING
Largest movements
- Cash +€36,522
up €36,522 (+831.7%), from €4,391 to €40,913
mainly Trade debts (+€24,575) and Depreciation (+€20,845)
- Tangible fixed assets -€19,489
down €19,489 (-5.3%), from €370,133 to €350,645
of which Land and buildings: -€13,793
- Receivables within one year +€12,767
up €12,767 (+50.1%), from €25,478 to €38,245
- Debts after one year -€26,177
down €26,177 (-10.4%), from €251,489 to €225,312
- Trade debts +€24,575
up €24,575 (+24.2%), from €101,718 to €126,292
- Tax, wage and social debts +€16,250
up €16,250 (+520.3%), from €3,123 to €19,373
- Accrued charges and deferred income +€13,525
up €13,525 (+4655.4%), from €291 to €13,815
- Gross operating margin +€38,240
up €38,240 (+315.5%), from €12,122 to €50,362
- Other operating charges +€6,813
up €6,813 (+42.0%), from €16,234 to €23,048
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.
Cash bridge derived
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 | €411,616 | €441,696 | +€30,080 | +7.3% |
| Fixed assets | 21/28 | €370,133 | €350,645 | -€19,489 | -5.3% |
| Tangible fixed assets | 22/27 | €370,133 | €350,645 | -€19,489 | -5.3% |
| Land and buildings | 22 | €330,318 | €316,525 | -€13,793 | -4.2% |
| Plant, machinery and equipment | 23 | €39,815 | €32,809 | -€7,006 | -17.6% |
| Furniture and vehicles | 24 | - | €1,311 | +€1,311 | |
| Current assets | 29/58 | €41,483 | €91,052 | +€49,568 | +119.5% |
| Amounts receivable within one year | 40/41 | €25,478 | €38,245 | +€12,767 | +50.1% |
| Trade receivables | 40 | €25,478 | €38,245 | +€12,767 | +50.1% |
| Cash at bank and in hand | 54/58 | €4,391 | €40,913 | +€36,522 | +831.7% |
| Deferred charges and accrued income | 490/1 | €11,614 | €11,893 | +€279 | +2.4% |
| Total equity and liabilities | 10/49 | €411,616 | €441,696 | +€30,080 | +7.3% |
| Equity | 10/15 | -€134,812 | -€133,130 | +€1,682 | +1.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€154,812 | -€153,130 | +€1,682 | +1.1% |
| Amounts payable | 17/49 | €546,429 | €574,827 | +€28,398 | +5.2% |
| Amounts payable after more than one year | 17 | €251,489 | €225,312 | -€26,177 | -10.4% |
| Financial debts | 170/4 | €251,489 | €225,312 | -€26,177 | -10.4% |
| Amounts payable within one year | 42/48 | €294,649 | €335,699 | +€41,051 | +13.9% |
| Current portion of amounts payable after more than one year | 42 | €25,759 | €26,177 | +€418 | +1.6% |
| Trade debts | 44 | €101,718 | €126,292 | +€24,575 | +24.2% |
| Suppliers | 440/4 | €101,718 | €126,292 | +€24,575 | +24.2% |
| Taxes, remuneration and social security | 45 | €3,123 | €19,373 | +€16,250 | +520.3% |
| Taxes | 450/3 | €3,123 | €19,373 | +€16,250 | +520.3% |
| Other amounts payable | 47/48 | €164,049 | €163,857 | -€192 | -0.1% |
| Accrued charges and deferred income | 492/3 | €291 | €13,815 | +€13,525 | +4655.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,954 | €20,845 | -€109 | -0.5% |
| Other operating charges | 640/8 | €16,234 | €23,048 | +€6,813 | +42.0% |
| Gross operating margin | 9900 | €12,122 | €50,362 | +€38,240 | +315.5% |
| Operating profit (loss) | 9901 | -€25,066 | €6,470 | +€31,536 | |
| Financial charges | 65/66B | €5,044 | €4,788 | -€257 | -5.1% |
| Recurring financial charges | 65 | €5,044 | €4,788 | -€257 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | -€30,111 | €1,682 | +€31,793 | |
| Profit (loss) for the period | 9904 | -€30,111 | €1,682 | +€31,793 | |
| Profit (loss) for the period to be appropriated | 9905 | -€30,111 | €1,682 | +€31,793 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.