Antwerp Land: 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 Land
Largest movements
- Cash +€42,556
up €42,556 (+77.7%), from €54,743 to €97,299
mainly Net result for the year (+€112,696) and Depreciation (+€19,087)
- Profit (loss) carried forward +€112,696
up €112,696 (+43.7%), from -€257,942 to -€145,246
- Other debts -€81,472
down €81,472 (-6.0%), from €1.4m to €1.3m
- Gross operating margin -€62,321
down €62,321 (-21.3%), from €292,489 to €230,168
- Financial charges -€20,982
down €20,982 (-21.9%), from €95,718 to €74,737
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 | €3,217,502 | €3,252,501 | +€34,999 | +1.1% |
| Fixed assets | 21/28 | €245,755 | €226,668 | -€19,087 | -7.8% |
| Tangible fixed assets | 22/27 | €245,755 | €226,668 | -€19,087 | -7.8% |
| Land and buildings | 22 | €237,228 | €225,367 | -€11,861 | -5.0% |
| Plant, machinery and equipment | 23 | €1,529 | €233 | -€1,295 | -84.7% |
| Furniture and vehicles | 24 | €1,409 | €215 | -€1,194 | -84.7% |
| Other tangible fixed assets | 26 | €5,589 | €853 | -€4,736 | -84.7% |
| Current assets | 29/58 | €2,971,748 | €3,025,833 | +€54,085 | +1.8% |
| Stocks and contracts in progress | 3 | €2,905,723 | €2,905,723 | = | 0.0% |
| Stocks | 30/36 | €2,905,723 | €2,905,723 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €7,218 | €18,716 | +€11,498 | +159% |
| Trade receivables | 40 | €7,218 | - | -€7,218 | |
| Other amounts receivable | 41 | - | €18,716 | +€18,716 | |
| Cash at bank and in hand | 54/58 | €54,743 | €97,299 | +€42,556 | +77.7% |
| Deferred charges and accrued income | 490/1 | €4,064 | €4,095 | +€31 | +0.8% |
| Total equity and liabilities | 10/49 | €3,217,502 | €3,252,501 | +€34,999 | +1.1% |
| Equity | 10/15 | -€189,742 | -€77,046 | +€112,696 | +59.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€257,942 | -€145,246 | +€112,696 | +43.7% |
| Amounts payable | 17/49 | €3,407,244 | €3,329,547 | -€77,697 | -2.3% |
| Amounts payable after more than one year | 17 | €2,030,000 | €2,030,000 | = | 0.0% |
| Financial debts | 170/4 | €2,030,000 | €2,030,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,370,303 | €1,293,853 | -€76,450 | -5.6% |
| Trade debts | 44 | €4,261 | €9,283 | +€5,022 | +118% |
| Suppliers | 440/4 | €4,261 | €9,283 | +€5,022 | +118% |
| Other amounts payable | 47/48 | €1,366,042 | €1,284,570 | -€81,472 | -6.0% |
| Accrued charges and deferred income | 492/3 | €6,941 | €5,694 | -€1,247 | -18.0% |
| Non-recurring operating income | 76A | €4,530 | - | -€4,530 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,087 | €19,087 | = | 0.0% |
| Other operating charges | 640/8 | €23,707 | €23,649 | -€59 | -0.2% |
| Gross operating margin | 9900 | €292,489 | €230,168 | -€62,321 | -21.3% |
| Operating profit (loss) | 9901 | €249,695 | €187,432 | -€62,262 | -24.9% |
| Financial charges | 65/66B | €95,718 | €74,737 | -€20,982 | -21.9% |
| Recurring financial charges | 65 | €95,718 | €74,737 | -€20,982 | -21.9% |
| Profit (loss) for the period before taxes | 9903 | €153,976 | €112,696 | -€41,281 | -26.8% |
| Profit (loss) for the period | 9904 | €153,976 | €112,696 | -€41,281 | -26.8% |
| Profit (loss) for the period to be appropriated | 9905 | €153,976 | €112,696 | -€41,281 | -26.8% |
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 30 October 2026 via checked.be.