Antwerp Lifting & Rigging Solutions: 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 Lifting & Rigging Solutions
Largest movements
- Tangible fixed assets +€741,975
up €741,975 (+440%), from €168,772 to €910,747
of which Land and buildings: +€750,087
- Receivables within one year +€157,403
up €157,403 (+226%), from €69,513 to €226,916
of which Other amounts receivable: +€120,023
- Cash +€52,580
up €52,580 (+167%), from €31,562 to €84,142
mainly Debts after one year (+€692,711) and Short-term financial debts (+€175,000)
- Debts after one year +€692,711
up €692,711 (+463%), from €149,579 to €842,290
- Short-term financial debts +€175,000
new in 2025: €175,000
- Current portion of long-term debt +€40,273
up €40,273 (+95.9%), from €41,995 to €82,268
- Trade debts +€32,911
up €32,911 (+91.4%), from €35,996 to €68,907
- Reserves +€30,668
up €30,668 (+30.6%), from €100,089 to €130,757
- Gross operating margin -€70,042
down €70,042 (-42.4%), from €165,296 to €95,253
- Staff costs -€34,808
down €34,808 (-99.9%), from €34,858 to €50
- Taxes -€16,835
down €16,835 (-96.9%), from €17,366 to €531
- Depreciation +€9,675
up €9,675 (+25.1%), from €38,475 to €48,150
- Financial charges +€4,513
up €4,513 (+52.8%), from €8,549 to €13,062
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 | €356,835 | €1,310,544 | +€953,709 | +267% |
| Fixed assets | 21/28 | €168,817 | €910,792 | +€741,975 | +440% |
| Tangible fixed assets | 22/27 | €168,772 | €910,747 | +€741,975 | +440% |
| Land and buildings | 22 | - | €750,087 | +€750,087 | |
| Plant, machinery and equipment | 23 | €29,921 | €26,124 | -€3,797 | -12.7% |
| Furniture and vehicles | 24 | €2,344 | €20,935 | +€18,590 | +793% |
| Leasing and similar rights | 25 | €136,507 | €113,602 | -€22,905 | -16.8% |
| Financial fixed assets | 28 | €45 | €45 | = | 0.0% |
| Current assets | 29/58 | €188,018 | €399,752 | +€211,734 | +113% |
| Stocks and contracts in progress | 3 | €86,047 | €85,576 | -€471 | -0.5% |
| Stocks | 30/36 | €86,047 | €85,576 | -€471 | -0.5% |
| Amounts receivable within one year | 40/41 | €69,513 | €226,916 | +€157,403 | +226% |
| Trade receivables | 40 | €66,705 | €104,085 | +€37,380 | +56.0% |
| Other amounts receivable | 41 | €2,808 | €122,831 | +€120,023 | +4,274% |
| Cash at bank and in hand | 54/58 | €31,562 | €84,142 | +€52,580 | +167% |
| Deferred charges and accrued income | 490/1 | €896 | €3,117 | +€2,221 | +248% |
| Total equity and liabilities | 10/49 | €356,835 | €1,310,544 | +€953,709 | +267% |
| Equity | 10/15 | €110,089 | €140,757 | +€30,668 | +27.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €100,089 | €130,757 | +€30,668 | +30.6% |
| Distributable reserves | 133 | €100,089 | €130,757 | +€30,668 | +30.6% |
| Amounts payable | 17/49 | €246,746 | €1,169,787 | +€923,041 | +374% |
| Amounts payable after more than one year | 17 | €149,579 | €842,290 | +€692,711 | +463% |
| Financial debts | 170/4 | €149,579 | €842,290 | +€692,711 | +463% |
| Amounts payable within one year | 42/48 | €97,167 | €327,497 | +€230,330 | +237% |
| Current portion of amounts payable after more than one year | 42 | €41,995 | €82,268 | +€40,273 | +95.9% |
| Financial debts | 43 | - | €175,000 | +€175,000 | |
| Credit institutions | 430/8 | - | €175,000 | +€175,000 | |
| Trade debts | 44 | €35,996 | €68,907 | +€32,911 | +91.4% |
| Suppliers | 440/4 | €35,996 | €68,907 | +€32,911 | +91.4% |
| Taxes, remuneration and social security | 45 | €19,176 | €1,322 | -€17,854 | -93.1% |
| Taxes | 450/3 | €16,206 | €1,322 | -€14,885 | -91.8% |
| Remuneration and social security | 454/9 | €2,970 | - | -€2,970 | |
| Remuneration, social security and pensions | 62 | €34,858 | €50 | -€34,808 | -99.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,475 | €48,150 | +€9,675 | +25.1% |
| Other operating charges | 640/8 | €3,180 | €3,026 | -€154 | -4.8% |
| Gross operating margin | 9900 | €165,296 | €95,253 | -€70,042 | -42.4% |
| Operating profit (loss) | 9901 | €88,783 | €44,027 | -€44,756 | -50.4% |
| Financial income | 75/76B | €375 | €234 | -€141 | -37.7% |
| Recurring financial income | 75 | €375 | €234 | -€141 | -37.7% |
| Financial charges | 65/66B | €8,549 | €13,062 | +€4,513 | +52.8% |
| Recurring financial charges | 65 | €8,549 | €13,062 | +€4,513 | +52.8% |
| Profit (loss) for the period before taxes | 9903 | €80,608 | €31,199 | -€49,409 | -61.3% |
| Income taxes | 67/77 | €17,366 | €531 | -€16,835 | -96.9% |
| Profit (loss) for the period | 9904 | €63,242 | €30,668 | -€32,575 | -51.5% |
| Profit (loss) for the period to be appropriated | 9905 | €63,242 | €30,668 | -€32,575 | -51.5% |
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 25 October 2026 via checked.be.