ANTWERP CONTAINER TERMINAL: 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
ANTWERP CONTAINER TERMINAL
NACE 52.250, Logistics services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€4.3m
2024 · €2.2m+€2.1m
Equity
€27.2m
2024 · €22.9m+€4.3m
Cash
€794,821
2024 · €9.2m-€8.4m
Balance sheet total
€59.6m
2024 · €54.0m+€5.7m
Largest movements
Assets
- Cash -€8.4m
down €8.4m (-91.3%), from €9.2m to €794,821
mainly Investment in fixed assets (net) (-€13.6m) and Receivables within one year (-€8.3m)
- Receivables within one year +€8.3m
up €8.3m (+121%), from €6.9m to €15.2m
of which Trade receivables: +€7.8m
- Tangible fixed assets +€6.7m
up €6.7m (+19.2%), from €34.9m to €41.6m
of which Assets under construction and advance payments: +€9.9m
- Deferred charges and accrued income -€866,457
down €866,457 (-43.0%), from €2.0m to €1.2m
Equity and liabilities
- Profit (loss) carried forward +€4.2m
up €4.2m (+127%), from €3.3m to €7.4m
- Trade debts +€3.9m
up €3.9m (+114%), from €3.4m to €7.3m
- Debts after one year -€3.5m
down €3.5m (-18.6%), from €19.0m to €15.5m
- Tax, wage and social debts +€1.2m
up €1.2m (+27.6%), from €4.2m to €5.3m
of which Remuneration and social security: +€727,067
Income statement
- Turnover +€8.2m
up €8.2m (+21.8%), from €37.4m to €45.6m
- Services and other goods +€3.2m
up €3.2m (+9.6%), from €33.8m to €37.0m
- Taxes +€857,668
up €857,668 (+903%), from €94,959 to €952,626
- Other operating income -€672,749
down €672,749 (-8.3%), from €8.1m to €7.4m
- Other operating charges +€493,738
up €493,738 (+66.8%), from €739,150 to €1.2m
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
€2.2m
Turnover
+€8.2m
Other operating income
-€672,749
Goods and materials
-€4,249
Services and other goods
-€3.2m
Staff costs
-€305,771
Depreciation
-€193,887
Other operating charges
-€493,738
Other operating items
-€319,730
Financial income
+€28,681
Financial charges
-€57,706
Taxes
-€857,668
Result 2025
€4.3m
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
+€8.8m
Investment
-€13.6m
Financing
-€3.6m
Cash 2024
€9.2m
From operations (derived)
+€8.8m
Net result for the year
+€4.3m
Depreciation
+€7.0m
Receivables within one year
-€8.3m
Deferred charges and accrued income
+€866,457
Provisions
-€32,943
Trade debts
+€3.9m
Tax, wage and social debts
+€1.2m
Accrued charges and deferred income
-€80,816
Investment (derived)
-€13.6m
Investment in fixed assets (net)
-€13.6m
Financing
-€3.6m
Debts after one year
-€3.5m
Current portion of long-term debt
-€21,523
Cash 2025
€794,821
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €53,981,299 | €59,639,040 | +€5.7m | +10.5% |
| Fixed assets | 21/28 | €35,935,546 | €42,511,323 | +€6.6m | +18.3% |
| Intangible fixed assets | 21 | €385,070 | €253,097 | -€131,972 | -34.3% |
| Tangible fixed assets | 22/27 | €34,940,491 | €41,635,340 | +€6.7m | +19.2% |
| Land and buildings | 22 | €14,318,882 | €12,927,548 | -€1.4m | -9.7% |
| Plant, machinery and equipment | 23 | €3,684,230 | €4,387,509 | +€703,280 | +19.1% |
| Furniture and vehicles | 24 | €62,659 | €114,133 | +€51,473 | +82.1% |
| Leasing and similar rights | 25 | €16,639,711 | €14,081,051 | -€2.6m | -15.4% |
| Assets under construction and advance payments | 27 | €235,009 | €10,125,099 | +€9.9m | +4,208% |
| Financial fixed assets | 28 | €609,986 | €622,886 | +€12,900 | +2.1% |
| Other financial fixed assets | 284/8 | €609,986 | €622,886 | +€12,900 | +2.1% |
| Amounts receivable and cash guarantees | 285/8 | €609,986 | €622,886 | +€12,900 | +2.1% |
| Current assets | 29/58 | €18,045,752 | €17,127,717 | -€918,036 | -5.1% |
| Amounts receivable within one year | 40/41 | €6,858,454 | €15,182,523 | +€8.3m | +121% |
| Trade receivables | 40 | €6,138,007 | €13,983,773 | +€7.8m | +128% |
| Other amounts receivable | 41 | €720,446 | €1,198,751 | +€478,305 | +66.4% |
| Cash at bank and in hand | 54/58 | €9,170,469 | €794,821 | -€8.4m | -91.3% |
| Deferred charges and accrued income | 490/1 | €2,016,830 | €1,150,372 | -€866,457 | -43.0% |
| Total equity and liabilities | 10/49 | €53,981,299 | €59,639,040 | +€5.7m | +10.5% |
| Equity | 10/15 | €22,880,475 | €27,164,986 | +€4.3m | +18.7% |
| Contributions | 10/11 | €18,250,000 | €18,250,000 | = | 0.0% |
| Capital | 10 | €18,250,000 | €18,250,000 | = | 0.0% |
| Issued capital | 100 | €18,250,000 | €18,250,000 | = | 0.0% |
| Reserves | 13 | €1,350,589 | €1,470,928 | +€120,339 | +8.9% |
| Non-distributable reserves | 130/1 | €695,000 | €914,167 | +€219,167 | +31.5% |
| Legal reserve | 130 | €695,000 | €914,167 | +€219,167 | +31.5% |
| Tax-exempt reserves | 132 | €248,722 | €149,895 | -€98,828 | -39.7% |
| Distributable reserves | 133 | €406,867 | €406,867 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,279,886 | €7,444,058 | +€4.2m | +127% |
| Provisions and deferred taxes | 16 | €82,907 | €49,965 | -€32,943 | -39.7% |
| Deferred taxes | 168 | €82,907 | €49,965 | -€32,943 | -39.7% |
| Amounts payable | 17/49 | €31,017,916 | €32,424,089 | +€1.4m | +4.5% |
| Amounts payable after more than one year | 17 | €19,017,523 | €15,474,131 | -€3.5m | -18.6% |
| Financial debts | 170/4 | €19,017,523 | €15,474,131 | -€3.5m | -18.6% |
| Leasing and similar obligations | 172 | €14,142,523 | €11,604,131 | -€2.5m | -17.9% |
| Credit institutions | 173 | €4,875,000 | €3,870,000 | -€1.0m | -20.6% |
| Amounts payable within one year | 42/48 | €11,152,419 | €16,182,800 | +€5.0m | +45.1% |
| Current portion of amounts payable after more than one year | 42 | €3,565,470 | €3,543,947 | -€21,523 | -0.6% |
| Trade debts | 44 | €3,405,970 | €7,301,964 | +€3.9m | +114% |
| Suppliers | 440/4 | €3,405,970 | €7,301,964 | +€3.9m | +114% |
| Taxes, remuneration and social security | 45 | €4,180,980 | €5,336,888 | +€1.2m | +27.6% |
| Taxes | 450/3 | €431,395 | €860,236 | +€428,841 | +99.4% |
| Remuneration and social security | 454/9 | €3,749,585 | €4,476,652 | +€727,067 | +19.4% |
| Accrued charges and deferred income | 492/3 | €847,974 | €767,159 | -€80,816 | -9.5% |
| Operating income | 70/76A | €45,887,455 | €53,069,771 | +€7.2m | +15.7% |
| Turnover | 70 | €37,445,179 | €45,619,974 | +€8.2m | +21.8% |
| Other operating income | 74 | €8,122,547 | €7,449,798 | -€672,749 | -8.3% |
| Non-recurring operating income | 76A | €319,730 | - | -€319,730 | |
| Operating charges | 60/66A | €43,482,919 | €47,716,590 | +€4.2m | +9.7% |
| Goods for resale, raw materials and consumables | 60 | - | €4,249 | +€4,249 | |
| Purchases | 600/8 | - | €4,249 | +€4,249 | |
| Services and other goods | 61 | €33,812,416 | €37,048,443 | +€3.2m | +9.6% |
| Remuneration, social security and pensions | 62 | €2,102,918 | €2,408,689 | +€305,771 | +14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,828,435 | €7,022,322 | +€193,887 | +2.8% |
| Other operating charges | 640/8 | €739,150 | €1,232,888 | +€493,738 | +66.8% |
| Operating profit (loss) | 9901 | €2,404,536 | €5,353,181 | +€2.9m | +123% |
| Financial income | 75/76B | €177,472 | €206,153 | +€28,681 | +16.2% |
| Recurring financial income | 75 | €177,472 | €206,153 | +€28,681 | +16.2% |
| Income from current assets | 751 | €177,441 | €135,822 | -€41,619 | -23.5% |
| Other financial income | 752/9 | €30 | €70,331 | +€70,300 | +231,099% |
| Financial charges | 65/66B | €297,433 | €355,139 | +€57,706 | +19.4% |
| Recurring financial charges | 65 | €297,433 | €355,139 | +€57,706 | +19.4% |
| Debt charges | 650 | €292,889 | €352,459 | +€59,570 | +20.3% |
| Other financial charges | 652/9 | €4,544 | €2,680 | -€1,864 | -41.0% |
| Profit (loss) for the period before taxes | 9903 | €2,284,575 | €5,204,195 | +€2.9m | +128% |
| Transfer from deferred taxes | 780 | €32,943 | €32,943 | = | 0.0% |
| Income taxes | 67/77 | €94,959 | €952,626 | +€857,668 | +903% |
| Taxes | 670/3 | €94,959 | €952,626 | +€857,668 | +903% |
| Profit (loss) for the period | 9904 | €2,222,559 | €4,284,511 | +€2.1m | +92.8% |
| Transfer from tax-exempt reserves | 789 | €98,828 | €98,828 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,321,387 | €4,383,339 | +€2.1m | +88.8% |
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 29 October 2026 via checked.be.