ANTWERP MANAGEMENT CONSULTING: what changed
ANTWERP MANAGEMENT CONSULTING
Largest movements
- Receivables within one year -€288,128
down €288,128 (-59.2%), from €486,995 to €198,867
of which Other amounts receivable: -€273,962
- Current investments +€135,001
up €135,001 (+540%), from €25,000 to €160,001
- Cash +€113,012
up €113,012 (+149%), from €75,846 to €188,858
mainly Receivables within one year (+€288,128) and Net result for the year (+€192,214)
- Tangible fixed assets -€16,585
down €16,585 (-13.7%), from €121,280 to €104,695
of which Leasing and similar rights: -€31,116
- Other debts +€109,506
up €109,506 (+133%), from €82,433 to €191,939
- Debts after one year -€55,497
down €55,497 (-23.9%), from €232,118 to €176,621
- Tax, wage and social debts -€53,179
down €53,179 (-51.4%), from €103,523 to €50,344
- Reserves -€51,506
down €51,506 (-20.6%), from €250,295 to €198,789
of which Distributable reserves: -€51,506
- Gross operating margin +€14,191
up €14,191 (+5.1%), from €277,914 to €292,105
- Financial income +€6,273
up €6,273 (+102%), from €6,145 to €12,418
- Financial charges +€4,484
up €4,484 (+95.7%), from €4,685 to €9,169
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €750,823 | €697,335 | -€53,488 | -7.1% |
| Fixed assets | 21/28 | €146,616 | €130,031 | -€16,585 | -11.3% |
| Tangible fixed assets | 22/27 | €121,280 | €104,695 | -€16,585 | -13.7% |
| Plant, machinery and equipment | 23 | €2,585 | €1,841 | -€744 | -28.8% |
| Furniture and vehicles | 24 | €23,834 | €39,109 | +€15,275 | +64.1% |
| Leasing and similar rights | 25 | €94,861 | €63,745 | -€31,116 | -32.8% |
| Financial fixed assets | 28 | €25,336 | €25,336 | = | 0.0% |
| Current assets | 29/58 | €604,207 | €567,304 | -€36,903 | -6.1% |
| Amounts receivable within one year | 40/41 | €486,995 | €198,867 | -€288,128 | -59.2% |
| Trade receivables | 40 | €87,634 | €73,468 | -€14,166 | -16.2% |
| Other amounts receivable | 41 | €399,360 | €125,398 | -€273,962 | -68.6% |
| Current investments | 50/53 | €25,000 | €160,001 | +€135,001 | +540% |
| Cash at bank and in hand | 54/58 | €75,846 | €188,858 | +€113,012 | +149% |
| Deferred charges and accrued income | 490/1 | €16,367 | €19,578 | +€3,211 | +19.6% |
| Total equity and liabilities | 10/49 | €750,823 | €697,335 | -€53,488 | -7.1% |
| Equity | 10/15 | €268,895 | €217,664 | -€51,231 | -19.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €250,295 | €198,789 | -€51,506 | -20.6% |
| Non-distributable reserves | 130/1 | €2,711 | €2,711 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,711 | €2,711 | = | 0.0% |
| Distributable reserves | 133 | €247,584 | €196,078 | -€51,506 | -20.8% |
| Profit (loss) carried forward | 14 | €0 | €275 | +€275 | |
| Amounts payable | 17/49 | €481,928 | €479,671 | -€2,257 | -0.5% |
| Amounts payable after more than one year | 17 | €232,118 | €176,621 | -€55,497 | -23.9% |
| Financial debts | 170/4 | €232,118 | €176,621 | -€55,497 | -23.9% |
| Amounts payable within one year | 42/48 | €249,810 | €303,050 | +€53,240 | +21.3% |
| Current portion of amounts payable after more than one year | 42 | €53,972 | €55,497 | +€1,525 | +2.8% |
| Trade debts | 44 | €9,881 | €5,269 | -€4,612 | -46.7% |
| Suppliers | 440/4 | €9,881 | €5,269 | -€4,612 | -46.7% |
| Taxes, remuneration and social security | 45 | €103,523 | €50,344 | -€53,179 | -51.4% |
| Taxes | 450/3 | €103,523 | €50,344 | -€53,179 | -51.4% |
| Other amounts payable | 47/48 | €82,433 | €191,939 | +€109,506 | +133% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,559 | €38,680 | +€122 | +0.3% |
| Other operating charges | 640/8 | €3,891 | €4,744 | +€853 | +21.9% |
| Gross operating margin | 9900 | €277,914 | €292,105 | +€14,191 | +5.1% |
| Operating profit (loss) | 9901 | €235,465 | €248,681 | +€13,216 | +5.6% |
| Financial income | 75/76B | €6,145 | €12,418 | +€6,273 | +102% |
| Recurring financial income | 75 | €6,145 | €12,418 | +€6,273 | +102% |
| Financial charges | 65/66B | €4,685 | €9,169 | +€4,484 | +95.7% |
| Recurring financial charges | 65 | €4,685 | €9,169 | +€4,484 | +95.7% |
| Profit (loss) for the period before taxes | 9903 | €236,925 | €251,930 | +€15,006 | +6.3% |
| Income taxes | 67/77 | €58,013 | €59,716 | +€1,703 | +2.9% |
| Profit (loss) for the period | 9904 | €178,911 | €192,214 | +€13,303 | +7.4% |
| Profit (loss) for the period to be appropriated | 9905 | €178,911 | €192,214 | +€13,303 | +7.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.