Antwerp Freight Station: 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 Freight Station
NACE 52.250, Logistics services
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
€341,013
2025 · €1.5m-€1.2m
Equity
€31.3m
2025 · €30.9m+€341,013
Cash
€88,166
2025 · €74,598+€13,568
Balance sheet total
€32.2m
2025 · €31.9m+€249,965
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Profit (loss) carried forward +€323,963
up €323,963 (+2.8%), from €11.7m to €12.1m
Income statement
- Financial income -€1.7m
down €1.7m (-66.0%), from €2.5m to €863,786
- Services and other goods -€587,433
down €587,433 (-9.7%), from €6.1m to €5.5m
- Goods and materials +€151,040
up €151,040 (+30.3%), from €497,930 to €648,970
of which Purchases: +€119,228
- Taxes -€149,376
down €149,376, from €147,536 to -€1,840
of which Taxes: -€125,634
- Staff costs +€114,840
up €114,840 (+18.6%), from €619,082 to €733,922
From the 2025 result to the 2026 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 2025
€1.5m
Turnover
+€55,634
Other operating income
+€92
Goods and materials
-€151,040
Services and other goods
+€587,433
Staff costs
-€114,840
Depreciation
-€2,671
Other operating charges
+€6,501
Other operating items
-€13,524
Financial income
-€1.7m
Financial charges
-€207
Taxes
+€149,376
Result 2026
€341,013
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€76,185
Investment
+€89,753
Financing
€0
Cash 2025
€74,598
From operations (derived)
-€76,185
Net result for the year
+€341,013
Depreciation
+€5,098
Stocks and contracts
+€15,524
Receivables within one year
-€306,605
Deferred charges and accrued income
-€40,166
Trade debts
+€128,727
Tax, wage and social debts
-€13,463
Accrued charges and deferred income
-€206,313
Investment (derived)
+€89,753
Investment in fixed assets (net)
+€89,753
Cash 2026
€88,166
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €31,904,964 | €32,154,929 | +€249,965 | +0.8% |
| Fixed assets | 21/28 | €22,364,613 | €22,269,763 | -€94,850 | -0.4% |
| Tangible fixed assets | 22/27 | €3,655 | €7,711 | +€4,055 | +111% |
| Plant, machinery and equipment | 23 | €2,273 | €7,247 | +€4,974 | +219% |
| Furniture and vehicles | 24 | €1,382 | €464 | -€919 | -66.5% |
| Financial fixed assets | 28 | €22,360,958 | €22,262,052 | -€98,906 | -0.4% |
| Affiliated companies | 280/1 | €22,034,817 | €22,034,312 | -€506 | 0.0% |
| Participating interests | 280 | €840,102 | €839,597 | -€506 | -0.1% |
| Amounts receivable | 281 | €21,194,715 | €21,194,715 | = | 0.0% |
| Other financial fixed assets | 284/8 | €326,141 | €227,741 | -€98,400 | -30.2% |
| Amounts receivable and cash guarantees | 285/8 | €326,141 | €227,741 | -€98,400 | -30.2% |
| Current assets | 29/58 | €9,540,351 | €9,885,165 | +€344,815 | +3.6% |
| Stocks and contracts in progress | 3 | €55,887 | €40,362 | -€15,524 | -27.8% |
| Stocks | 30/36 | €55,887 | €40,362 | -€15,524 | -27.8% |
| Raw materials and consumables | 30/31 | €55,887 | €40,362 | -€15,524 | -27.8% |
| Amounts receivable within one year | 40/41 | €9,404,017 | €9,710,622 | +€306,605 | +3.3% |
| Trade receivables | 40 | €1,003,454 | €568,556 | -€434,898 | -43.3% |
| Other amounts receivable | 41 | €8,400,563 | €9,142,066 | +€741,503 | +8.8% |
| Cash at bank and in hand | 54/58 | €74,598 | €88,166 | +€13,568 | +18.2% |
| Deferred charges and accrued income | 490/1 | €5,849 | €46,015 | +€40,166 | +687% |
| Total equity and liabilities | 10/49 | €31,904,964 | €32,154,929 | +€249,965 | +0.8% |
| Equity | 10/15 | €30,914,407 | €31,255,420 | +€341,013 | +1.1% |
| Contributions | 10/11 | €18,543,970 | €18,543,970 | = | 0.0% |
| Capital | 10 | €18,543,970 | €18,543,970 | = | 0.0% |
| Issued capital | 100 | €18,543,970 | €18,543,970 | = | 0.0% |
| Reserves | 13 | €623,227 | €640,277 | +€17,051 | +2.7% |
| Non-distributable reserves | 130/1 | €623,227 | €640,277 | +€17,051 | +2.7% |
| Legal reserve | 130 | €623,227 | €640,277 | +€17,051 | +2.7% |
| Profit (loss) carried forward | 14 | €11,747,210 | €12,071,172 | +€323,963 | +2.8% |
| Amounts payable | 17/49 | €990,557 | €899,509 | -€91,049 | -9.2% |
| Amounts payable within one year | 42/48 | €628,861 | €744,125 | +€115,264 | +18.3% |
| Trade debts | 44 | €529,405 | €658,132 | +€128,727 | +24.3% |
| Suppliers | 440/4 | €529,405 | €658,132 | +€128,727 | +24.3% |
| Taxes, remuneration and social security | 45 | €99,456 | €85,993 | -€13,463 | -13.5% |
| Taxes | 450/3 | €47,423 | €47,152 | -€271 | -0.6% |
| Remuneration and social security | 454/9 | €52,033 | €38,841 | -€13,192 | -25.4% |
| Accrued charges and deferred income | 492/3 | €361,696 | €155,383 | -€206,313 | -57.0% |
| Operating income | 70/76A | €6,313,588 | €6,369,314 | +€55,726 | +0.9% |
| Turnover | 70 | €6,308,244 | €6,363,879 | +€55,634 | +0.9% |
| Other operating income | 74 | €5,343 | €5,435 | +€92 | +1.7% |
| Operating charges | 60/66A | €7,203,098 | €6,891,238 | -€311,860 | -4.3% |
| Goods for resale, raw materials and consumables | 60 | €497,930 | €648,970 | +€151,040 | +30.3% |
| Purchases | 600/8 | €514,218 | €633,446 | +€119,228 | +23.2% |
| Change in stocks: decrease (increase) | 609 | -€16,289 | €15,524 | +€31,813 | |
| Services and other goods | 61 | €6,060,970 | €5,473,537 | -€587,433 | -9.7% |
| Remuneration, social security and pensions | 62 | €619,082 | €733,922 | +€114,840 | +18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,427 | €5,098 | +€2,671 | +110% |
| Other operating charges | 640/8 | €11,964 | €5,463 | -€6,501 | -54.3% |
| Non-recurring operating charges | 66A | €10,724 | €24,248 | +€13,524 | +126% |
| Operating profit (loss) | 9901 | -€889,510 | -€521,924 | +€367,586 | +41.3% |
| Financial income | 75/76B | €2,542,752 | €863,786 | -€1.7m | -66.0% |
| Recurring financial income | 75 | €2,542,752 | €863,786 | -€1.7m | -66.0% |
| Income from financial fixed assets | 750 | €1,008,469 | €605,596 | -€402,873 | -39.9% |
| Income from current assets | 751 | €1,534,260 | €257,925 | -€1.3m | -83.2% |
| Other financial income | 752/9 | €23 | €265 | +€242 | +1,046% |
| Financial charges | 65/66B | €2,482 | €2,688 | +€207 | +8.3% |
| Recurring financial charges | 65 | €2,452 | €2,688 | +€236 | +9.6% |
| Debt charges | 650 | €2,380 | €603 | -€1,776 | -74.7% |
| Other financial charges | 652/9 | €72 | €2,085 | +€2,013 | +2,778% |
| Non-recurring financial charges | 66B | €30 | - | -€30 | |
| Profit (loss) for the period before taxes | 9903 | €1,650,760 | €339,173 | -€1.3m | -79.5% |
| Income taxes | 67/77 | €147,536 | -€1,840 | -€149,376 | |
| Taxes | 670/3 | €163,625 | €37,990 | -€125,634 | -76.8% |
| Tax adjustments and reversals of tax provisions | 77 | €16,089 | €39,831 | +€23,742 | +148% |
| Profit (loss) for the period | 9904 | €1,503,224 | €341,013 | -€1.2m | -77.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,503,224 | €341,013 | -€1.2m | -77.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.