ANTWERP POLISHING TECHNOLOGIES: what changed
ANTWERP POLISHING TECHNOLOGIES
Largest movements
- Receivables within one year +€24,868
up €24,868 (+456%), from €5,459 to €30,327
of which Trade receivables: +€21,176
- Cash -€3,592
down €3,592 (-5.7%), from €63,429 to €59,838
mainly Investment in fixed assets (net) (-€29,432) and Receivables within one year (-€24,868)
- Tangible fixed assets -€2,109
down €2,109 (-3.3%), from €64,219 to €62,110
of which Plant, machinery and equipment: -€8,567
- Reserves +€21,039
up €21,039 (+27.4%), from €76,822 to €97,861
- Debts after one year -€5,848
down €5,848 (-25.1%), from €23,331 to €17,484
- Trade debts +€1,963
up €1,963 (+27.3%), from €7,191 to €9,154
- Gross operating margin -€93,303
down €93,303 (-53.9%), from €173,249 to €79,946
- Taxes -€22,313
down €22,313 (-69.4%), from €32,129 to €9,816
- Staff costs -€18,487
down €18,487 (-59.0%), from €31,334 to €12,847
- Depreciation +€5,457
up €5,457 (+20.9%), from €26,084 to €31,541
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 | €135,059 | €153,154 | +€18,095 | +13.4% |
| Fixed assets | 21/28 | €64,219 | €62,110 | -€2,109 | -3.3% |
| Tangible fixed assets | 22/27 | €64,219 | €62,110 | -€2,109 | -3.3% |
| Plant, machinery and equipment | 23 | €38,595 | €30,028 | -€8,567 | -22.2% |
| Furniture and vehicles | 24 | €25,624 | €32,082 | +€6,458 | +25.2% |
| Current assets | 29/58 | €70,840 | €91,044 | +€20,204 | +28.5% |
| Amounts receivable within one year | 40/41 | €5,459 | €30,327 | +€24,868 | +456% |
| Trade receivables | 40 | €1,543 | €22,720 | +€21,176 | +1,372% |
| Other amounts receivable | 41 | €3,916 | €7,607 | +€3,692 | +94.3% |
| Cash at bank and in hand | 54/58 | €63,429 | €59,838 | -€3,592 | -5.7% |
| Deferred charges and accrued income | 490/1 | €1,951 | €879 | -€1,072 | -55.0% |
| Total equity and liabilities | 10/49 | €135,059 | €153,154 | +€18,095 | +13.4% |
| Equity | 10/15 | €81,822 | €102,861 | +€21,039 | +25.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €76,822 | €97,861 | +€21,039 | +27.4% |
| Distributable reserves | 133 | €76,822 | €97,861 | +€21,039 | +27.4% |
| Amounts payable | 17/49 | €53,237 | €50,293 | -€2,944 | -5.5% |
| Amounts payable after more than one year | 17 | €23,331 | €17,484 | -€5,848 | -25.1% |
| Financial debts | 170/4 | €23,331 | €17,484 | -€5,848 | -25.1% |
| Amounts payable within one year | 42/48 | €29,905 | €32,809 | +€2,904 | +9.7% |
| Current portion of amounts payable after more than one year | 42 | €20,695 | €20,749 | +€53 | +0.3% |
| Trade debts | 44 | €7,191 | €9,154 | +€1,963 | +27.3% |
| Suppliers | 440/4 | €7,191 | €9,154 | +€1,963 | +27.3% |
| Taxes, remuneration and social security | 45 | €598 | €0 | -€598 | -100% |
| Remuneration and social security | 454/9 | €598 | €0 | -€598 | -100% |
| Other amounts payable | 47/48 | €1,421 | €2,907 | +€1,485 | +104% |
| Remuneration, social security and pensions | 62 | €31,334 | €12,847 | -€18,487 | -59.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,084 | €31,541 | +€5,457 | +20.9% |
| Other operating charges | 640/8 | €2,088 | €1,492 | -€595 | -28.5% |
| Gross operating margin | 9900 | €173,249 | €79,946 | -€93,303 | -53.9% |
| Operating profit (loss) | 9901 | €113,744 | €34,066 | -€79,678 | -70.1% |
| Financial income | 75/76B | - | €525 | +€525 | |
| Recurring financial income | 75 | - | €525 | +€525 | |
| Financial charges | 65/66B | €4,793 | €3,736 | -€1,056 | -22.0% |
| Recurring financial charges | 65 | €4,793 | €3,736 | -€1,056 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | €108,951 | €30,855 | -€78,096 | -71.7% |
| Income taxes | 67/77 | €32,129 | €9,816 | -€22,313 | -69.4% |
| Profit (loss) for the period | 9904 | €76,822 | €21,039 | -€55,783 | -72.6% |
| Profit (loss) for the period to be appropriated | 9905 | €76,822 | €21,039 | -€55,783 | -72.6% |
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 6 November 2026 via checked.be.