ANTWERP PERSONAL COMPUTER HARDWARE: 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 PERSONAL COMPUTER HARDWARE
Largest movements
- Receivables within one year +€16,583
up €16,583 (+80.5%), from €20,606 to €37,189
of which Trade receivables: +€16,518
- Cash +€7,974
up €7,974 (+691.1%), from €1,154 to €9,128
mainly Net result for the year (+€17,391) and Trade debts (+€6,885)
- Tangible fixed assets -€4,454
down €4,454 (-43.4%), from €10,261 to €5,806
of which Furniture and vehicles: -€4,080
- Stocks and contracts -€1,111
down €1,111 (-6.1%), from €18,110 to €16,999
- Profit (loss) carried forward +€17,391
up €17,391 (+11.9%), from -€146,655 to -€129,264
- Other debts -€7,214
no longer reported in 2025 (was €7,214)
- Trade debts +€6,885
up €6,885 (+80.3%), from €8,578 to €15,463
- Tax, wage and social debts +€3,210
up €3,210 (+22.8%), from €14,107 to €17,317
of which Taxes: +€6,679
- Debts after one year -€1,299
down €1,299 (-56.8%), from €2,286 to €987
- Gross operating margin +€49,641
up €49,641 (+148.7%), from €33,386 to €83,027
- Staff costs +€3,546
up €3,546 (+6.4%), from €55,367 to €58,913
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.
Cash bridge derived
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 | €61,118 | €80,110 | +€18,992 | +31.1% |
| Fixed assets | 21/28 | €21,247 | €16,793 | -€4,454 | -21.0% |
| Tangible fixed assets | 22/27 | €10,261 | €5,806 | -€4,454 | -43.4% |
| Plant, machinery and equipment | 23 | €374 | - | -€374 | |
| Furniture and vehicles | 24 | €9,887 | €5,806 | -€4,080 | -41.3% |
| Financial fixed assets | 28 | €10,987 | €10,987 | = | 0.0% |
| Current assets | 29/58 | €39,870 | €63,317 | +€23,446 | +58.8% |
| Stocks and contracts in progress | 3 | €18,110 | €16,999 | -€1,111 | -6.1% |
| Stocks | 30/36 | €18,110 | €16,999 | -€1,111 | -6.1% |
| Amounts receivable within one year | 40/41 | €20,606 | €37,189 | +€16,583 | +80.5% |
| Trade receivables | 40 | €20,601 | €37,119 | +€16,518 | +80.2% |
| Other amounts receivable | 41 | €5 | €71 | +€65 | +1189.9% |
| Cash at bank and in hand | 54/58 | €1,154 | €9,128 | +€7,974 | +691.1% |
| Total equity and liabilities | 10/49 | €61,118 | €80,110 | +€18,992 | +31.1% |
| Equity | 10/15 | €27,652 | €45,043 | +€17,391 | +62.9% |
| Contributions | 10/11 | €173,947 | €173,947 | = | 0.0% |
| Capital | 10 | €173,947 | €173,947 | = | 0.0% |
| Issued capital | 100 | €173,947 | €173,947 | = | 0.0% |
| Reserves | 13 | €360 | €360 | = | 0.0% |
| Non-distributable reserves | 130/1 | €360 | €360 | = | 0.0% |
| Legal reserve | 130 | €360 | €360 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€146,655 | -€129,264 | +€17,391 | +11.9% |
| Amounts payable | 17/49 | €33,465 | €35,067 | +€1,601 | +4.8% |
| Amounts payable after more than one year | 17 | €2,286 | €987 | -€1,299 | -56.8% |
| Financial debts | 170/4 | €2,286 | €987 | -€1,299 | -56.8% |
| Amounts payable within one year | 42/48 | €31,179 | €34,079 | +€2,900 | +9.3% |
| Current portion of amounts payable after more than one year | 42 | €1,280 | €1,299 | +€20 | +1.5% |
| Trade debts | 44 | €8,578 | €15,463 | +€6,885 | +80.3% |
| Suppliers | 440/4 | €8,578 | €15,463 | +€6,885 | +80.3% |
| Taxes, remuneration and social security | 45 | €14,107 | €17,317 | +€3,210 | +22.8% |
| Taxes | 450/3 | €7,134 | €13,813 | +€6,679 | +93.6% |
| Remuneration and social security | 454/9 | €6,973 | €3,504 | -€3,469 | -49.8% |
| Other amounts payable | 47/48 | €7,214 | - | -€7,214 | |
| Non-recurring operating income | 76A | €139 | - | -€139 | |
| Remuneration, social security and pensions | 62 | €55,367 | €58,913 | +€3,546 | +6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,882 | €4,454 | -€428 | -8.8% |
| Other operating charges | 640/8 | €1,904 | €1,775 | -€130 | -6.8% |
| Gross operating margin | 9900 | €33,386 | €83,027 | +€49,641 | +148.7% |
| Operating profit (loss) | 9901 | -€28,768 | €17,885 | +€46,653 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €552 | €494 | -€58 | -10.5% |
| Recurring financial charges | 65 | €506 | €494 | -€12 | -2.4% |
| Non-recurring financial charges | 66B | €46 | - | -€46 | |
| Profit (loss) for the period before taxes | 9903 | -€29,319 | €17,391 | +€46,710 | |
| Profit (loss) for the period | 9904 | -€29,319 | €17,391 | +€46,710 | |
| Profit (loss) for the period to be appropriated | 9905 | -€29,319 | €17,391 | +€46,710 |
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 10 October 2026 via checked.be.