ANTWERP LASHING & SECURING: 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 LASHING & SECURING
Largest movements
- Cash -€454,972
down €454,972 (-26.5%), from €1.7m to €1.3m
mainly Trade debts (-€589,800) and Contributions, distributions and other (-€480,000)
- Receivables within one year -€435,088
down €435,088 (-19.4%), from €2.2m to €1.8m
of which Trade receivables: -€689,946
- Trade debts -€589,800
down €589,800 (-47.5%), from €1.2m to €651,359
- Tax, wage and social debts -€268,706
down €268,706 (-96.6%), from €278,118 to €9,412
of which Taxes: -€269,933
- Other debts -€184,501
down €184,501 (-9.4%), from €2.0m to €1.8m
- Profit (loss) carried forward +€145,616
up €145,616 (+35.7%), from €408,163 to €553,779
- Provisions +€2.4m
no longer reported in 2025 (was -€2.4m)
- Gross operating margin +€403,043
up €403,043 (+76.5%), from €527,015 to €930,058
- Taxes -€93,596
down €93,596 (-29.9%), from €313,331 to €219,735
- Depreciation -€52,049
down €52,049 (-58.6%), from €88,812 to €36,763
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 | €4,157,335 | €3,259,944 | -€897,391 | -21.6% |
| Fixed assets | 21/28 | €201,505 | €194,174 | -€7,331 | -3.6% |
| Intangible fixed assets | 21 | - | €4,920 | +€4,920 | |
| Tangible fixed assets | 22/27 | €49,861 | €55,310 | +€5,449 | +10.9% |
| Land and buildings | 22 | - | €8,971 | +€8,971 | |
| Plant, machinery and equipment | 23 | €26,985 | €18,414 | -€8,571 | -31.8% |
| Furniture and vehicles | 24 | €22,876 | €27,925 | +€5,049 | +22.1% |
| Financial fixed assets | 28 | €151,644 | €133,944 | -€17,700 | -11.7% |
| Current assets | 29/58 | €3,955,830 | €3,065,770 | -€890,060 | -22.5% |
| Amounts receivable within one year | 40/41 | €2,242,137 | €1,807,049 | -€435,088 | -19.4% |
| Trade receivables | 40 | €1,771,261 | €1,081,315 | -€689,946 | -39.0% |
| Other amounts receivable | 41 | €470,876 | €725,734 | +€254,858 | +54.1% |
| Cash at bank and in hand | 54/58 | €1,713,693 | €1,258,721 | -€454,972 | -26.5% |
| Total equity and liabilities | 10/49 | €4,157,335 | €3,259,944 | -€897,391 | -21.6% |
| Equity | 10/15 | €681,081 | €826,697 | +€145,616 | +21.4% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €122,918 | €122,918 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €107,918 | €107,918 | = | 0.0% |
| Profit (loss) carried forward | 14 | €408,163 | €553,779 | +€145,616 | +35.7% |
| Amounts payable | 17/49 | €3,476,254 | €2,433,247 | -€1.0m | -30.0% |
| Amounts payable within one year | 42/48 | €3,476,254 | €2,433,247 | -€1.0m | -30.0% |
| Trade debts | 44 | €1,241,159 | €651,359 | -€589,800 | -47.5% |
| Suppliers | 440/4 | €1,241,159 | €651,359 | -€589,800 | -47.5% |
| Taxes, remuneration and social security | 45 | €278,118 | €9,412 | -€268,706 | -96.6% |
| Taxes | 450/3 | €269,933 | - | -€269,933 | |
| Remuneration and social security | 454/9 | €8,185 | €9,412 | +€1,227 | +15.0% |
| Other amounts payable | 47/48 | €1,956,977 | €1,772,476 | -€184,501 | -9.4% |
| Remuneration, social security and pensions | 62 | €5,571 | €6,426 | +€855 | +15.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,812 | €36,763 | -€52,049 | -58.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€2,403,235 | - | +€2.4m | |
| Other operating charges | 640/8 | €31,076 | €31,232 | +€156 | +0.5% |
| Gross operating margin | 9900 | €527,015 | €930,058 | +€403,043 | +76.5% |
| Operating profit (loss) | 9901 | €2,804,791 | €855,637 | -€1.9m | -69.5% |
| Financial charges | 65/66B | €8,677 | €10,286 | +€1,609 | +18.5% |
| Recurring financial charges | 65 | €8,677 | €10,286 | +€1,609 | +18.5% |
| Profit (loss) for the period before taxes | 9903 | €2,796,114 | €845,351 | -€2.0m | -69.8% |
| Income taxes | 67/77 | €313,331 | €219,735 | -€93,596 | -29.9% |
| Profit (loss) for the period | 9904 | €2,482,783 | €625,616 | -€1.9m | -74.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,482,783 | €625,616 | -€1.9m | -74.8% |
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 1 November 2026 via checked.be.