ANTWERP LABS: 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 LABS
Largest movements
- Cash +€71,830
up €71,830 (+1,530%), from €4,695 to €76,525
mainly Debts after one year (+€395,429) and Depreciation (+€47,368)
- Tangible fixed assets +€17,132
up €17,132 (+338%), from €5,063 to €22,195
of which Plant, machinery and equipment: +€16,780
- Receivables within one year +€4,149
up €4,149 (+642%), from €646 to €4,795
- Deferred charges and accrued income +€2,458
up €2,458 (+151%), from €1,622 to €4,080
- Debts after one year +€395,429
new in 2025: €395,429
of which Financial debts: +€267,429
- Profit (loss) carried forward -€330,213
down €330,213 (-69.8%), from -€472,929 to -€803,142
- Tax, wage and social debts +€24,983
new in 2025: €24,983
of which Remuneration and social security: +€24,913
- Other debts -€12,176
no longer reported in 2025 (was €12,176)
- Contributions +€11,500
up €11,500 (+2.2%), from €528,500 to €540,000
- Staff costs +€254,990
up €254,990 (+381%), from €66,944 to €321,934
- Gross operating margin +€64,507
up €64,507, from -€17,435 to €47,072
- Financial charges +€3,939
up €3,939 (+7,431%), from €53 to €3,992
- Other operating charges +€3,245
up €3,245 (+417%), from €778 to €4,023
- Depreciation -€911
down €911 (-1.9%), from €48,279 to €47,368
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 | €80,398 | €177,426 | +€97,027 | +121% |
| Fixed assets | 21/28 | €73,435 | €92,026 | +€18,591 | +25.3% |
| Intangible fixed assets | 21 | €64,272 | €65,731 | +€1,458 | +2.3% |
| Tangible fixed assets | 22/27 | €5,063 | €22,195 | +€17,132 | +338% |
| Plant, machinery and equipment | 23 | €3,191 | €19,970 | +€16,780 | +526% |
| Furniture and vehicles | 24 | €1,872 | €2,225 | +€352 | +18.8% |
| Financial fixed assets | 28 | €4,100 | €4,100 | = | 0.0% |
| Current assets | 29/58 | €6,963 | €85,400 | +€78,437 | +1,126% |
| Amounts receivable within one year | 40/41 | €646 | €4,795 | +€4,149 | +642% |
| Other amounts receivable | 41 | €646 | €4,795 | +€4,149 | +642% |
| Cash at bank and in hand | 54/58 | €4,695 | €76,525 | +€71,830 | +1,530% |
| Deferred charges and accrued income | 490/1 | €1,622 | €4,080 | +€2,458 | +151% |
| Total equity and liabilities | 10/49 | €80,398 | €177,426 | +€97,027 | +121% |
| Equity | 10/15 | €55,571 | -€263,142 | -€318,713 | |
| Contributions | 10/11 | €528,500 | €540,000 | +€11,500 | +2.2% |
| Capital | 10 | €528,500 | €540,000 | +€11,500 | +2.2% |
| Issued capital | 100 | €540,000 | €540,000 | = | 0.0% |
| Uncalled capital | 101 | €11,500 | - | -€11,500 | |
| Profit (loss) carried forward | 14 | -€472,929 | -€803,142 | -€330,213 | -69.8% |
| Amounts payable | 17/49 | €24,827 | €440,567 | +€415,741 | +1,675% |
| Amounts payable after more than one year | 17 | - | €395,429 | +€395,429 | |
| Financial debts | 170/4 | - | €267,429 | +€267,429 | |
| Other amounts payable | 178/9 | - | €128,000 | +€128,000 | |
| Amounts payable within one year | 42/48 | €24,827 | €45,138 | +€20,312 | +81.8% |
| Trade debts | 44 | €12,651 | €20,155 | +€7,504 | +59.3% |
| Suppliers | 440/4 | €12,651 | €20,155 | +€7,504 | +59.3% |
| Taxes, remuneration and social security | 45 | - | €24,983 | +€24,983 | |
| Taxes | 450/3 | - | €70 | +€70 | |
| Remuneration and social security | 454/9 | - | €24,913 | +€24,913 | |
| Other amounts payable | 47/48 | €12,176 | - | -€12,176 | |
| Non-recurring operating income | 76A | - | €575 | +€575 | |
| Remuneration, social security and pensions | 62 | €66,944 | €321,934 | +€254,990 | +381% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,279 | €47,368 | -€911 | -1.9% |
| Other operating charges | 640/8 | €778 | €4,023 | +€3,245 | +417% |
| Gross operating margin | 9900 | -€17,435 | €47,072 | +€64,507 | |
| Operating profit (loss) | 9901 | -€133,436 | -€326,253 | -€192,817 | -145% |
| Financial income | 75/76B | €1 | €31 | +€30 | +3,016% |
| Recurring financial income | 75 | €1 | €31 | +€30 | +3,016% |
| Financial charges | 65/66B | €53 | €3,992 | +€3,939 | +7,431% |
| Recurring financial charges | 65 | €53 | €3,992 | +€3,939 | +7,431% |
| Profit (loss) for the period before taxes | 9903 | -€133,488 | -€330,213 | -€196,725 | -147% |
| Profit (loss) for the period | 9904 | -€133,488 | -€330,213 | -€196,725 | -147% |
| Profit (loss) for the period to be appropriated | 9905 | -€133,488 | -€330,213 | -€196,725 | -147% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.