Antwerp DataCenter: 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 DataCenter
Largest movements
- Receivables within one year +€925,936
up €925,936 (+86.0%), from €1.1m to €2.0m
of which Trade receivables: +€897,407
- Tangible fixed assets -€187,108
down €187,108 (-7.2%), from €2.6m to €2.4m
of which Plant, machinery and equipment: -€222,466
- Cash +€53,087
up €53,087 (+170%), from €31,175 to €84,262
mainly Other debts (+€1.1m) and Depreciation (+€540,533)
- Other debts +€1.1m
up €1.1m (+61.5%), from €1.9m to €3.0m
- Trade debts -€231,988
down €231,988 (-28.9%), from €801,391 to €569,403
- Short-term financial debts -€225,000
down €225,000 (-100%), from €225,000 to €0
- Profit (loss) carried forward +€104,740
up €104,740, from -€39,433 to €65,307
- Tax, wage and social debts +€69,041
up €69,041 (+48.9%), from €141,080 to €210,121
of which Taxes: +€40,504
- Gross operating margin +€506,826
up €506,826 (+33.4%), from €1.5m to €2.0m
- Staff costs +€304,583
up €304,583 (+38.9%), from €782,642 to €1.1m
- Write-downs -€165,000
down €165,000 (-100%), from €165,000 to €0
- Depreciation +€55,694
up €55,694 (+11.5%), from €484,839 to €540,533
- Financial charges +€54,709
up €54,709 (+54.9%), from €99,684 to €154,393
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 | €4,216,529 | €4,963,474 | +€746,945 | +17.7% |
| Formation expenses | 20 | - | €5,048 | +€5,048 | |
| Fixed assets | 21/28 | €3,054,101 | €2,833,626 | -€220,475 | -7.2% |
| Intangible fixed assets | 21 | €446,525 | €413,159 | -€33,367 | -7.5% |
| Tangible fixed assets | 22/27 | €2,607,575 | €2,420,467 | -€187,108 | -7.2% |
| Land and buildings | 22 | €241,639 | €282,588 | +€40,950 | +16.9% |
| Plant, machinery and equipment | 23 | €2,341,327 | €2,118,861 | -€222,466 | -9.5% |
| Furniture and vehicles | 24 | €24,610 | €19,018 | -€5,592 | -22.7% |
| Current assets | 29/58 | €1,162,428 | €2,124,800 | +€962,372 | +82.8% |
| Amounts receivable within one year | 40/41 | €1,076,745 | €2,002,682 | +€925,936 | +86.0% |
| Trade receivables | 40 | €1,073,257 | €1,970,664 | +€897,407 | +83.6% |
| Other amounts receivable | 41 | €3,488 | €32,018 | +€28,530 | +818% |
| Cash at bank and in hand | 54/58 | €31,175 | €84,262 | +€53,087 | +170% |
| Deferred charges and accrued income | 490/1 | €54,508 | €37,856 | -€16,651 | -30.5% |
| Total equity and liabilities | 10/49 | €4,216,529 | €4,963,474 | +€746,945 | +17.7% |
| Equity | 10/15 | €1,079,167 | €1,183,907 | +€104,740 | +9.7% |
| Contributions | 10/11 | €1,118,600 | €1,118,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,433 | €65,307 | +€104,740 | |
| Amounts payable | 17/49 | €3,137,362 | €3,779,567 | +€642,204 | +20.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €3,089,140 | €3,779,118 | +€689,979 | +22.3% |
| Current portion of amounts payable after more than one year | 42 | €63,984 | €0 | -€63,984 | -100% |
| Financial debts | 43 | €225,000 | €0 | -€225,000 | -100% |
| Credit institutions | 430/8 | €225,000 | €0 | -€225,000 | -100% |
| Trade debts | 44 | €801,391 | €569,403 | -€231,988 | -28.9% |
| Suppliers | 440/4 | €801,391 | €569,403 | -€231,988 | -28.9% |
| Taxes, remuneration and social security | 45 | €141,080 | €210,121 | +€69,041 | +48.9% |
| Taxes | 450/3 | €55,810 | €96,314 | +€40,504 | +72.6% |
| Remuneration and social security | 454/9 | €85,270 | €113,807 | +€28,537 | +33.5% |
| Other amounts payable | 47/48 | €1,857,684 | €2,999,595 | +€1.1m | +61.5% |
| Accrued charges and deferred income | 492/3 | €48,223 | €449 | -€47,774 | -99.1% |
| Remuneration, social security and pensions | 62 | €782,642 | €1,087,225 | +€304,583 | +38.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €484,839 | €540,533 | +€55,694 | +11.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €165,000 | €0 | -€165,000 | -100% |
| Other operating charges | 640/8 | €9,352 | €7,883 | -€1,468 | -15.7% |
| Non-recurring operating charges | 66A | €6,422 | €75,465 | +€69,043 | +1,075% |
| Gross operating margin | 9900 | €1,518,814 | €2,025,640 | +€506,826 | +33.4% |
| Operating profit (loss) | 9901 | €70,559 | €314,533 | +€243,974 | +346% |
| Financial income | 75/76B | €5,398 | €1,922 | -€3,476 | -64.4% |
| Recurring financial income | 75 | €5,398 | €1,922 | -€3,476 | -64.4% |
| Financial charges | 65/66B | €99,684 | €154,393 | +€54,709 | +54.9% |
| Recurring financial charges | 65 | €99,684 | €154,393 | +€54,709 | +54.9% |
| Profit (loss) for the period before taxes | 9903 | -€23,726 | €162,062 | +€185,789 | |
| Income taxes | 67/77 | €27,490 | €57,322 | +€29,833 | +109% |
| Profit (loss) for the period | 9904 | -€51,216 | €104,740 | +€155,956 | |
| Profit (loss) for the period to be appropriated | 9905 | -€51,216 | €104,740 | +€155,956 |
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 16 October 2026 via checked.be.