ANTWERP SERVICE: 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 SERVICE
Largest movements
- Current investments -€694,197
down €694,197 (-42.8%), from €1.6m to €927,148
- Receivables within one year +€500,993
up €500,993 (+6,821%), from €7,345 to €508,338
- Financial fixed assets -€400,000
down €400,000 (-24.4%), from €1.6m to €1.2m
- Cash -€216,968
down €216,968 (-43.5%), from €499,168 to €282,200
mainly Other debts (-€931,020) and Receivables within one year (-€500,993)
- Other debts -€931,020
no longer reported in 2025 (was €931,020)
- Reserves +€101,910
up €101,910 (+2.7%), from €3.7m to €3.8m
of which Distributable reserves: +€101,910
- Financial charges +€410,350
up €410,350 (+12,335%), from €3,327 to €413,677
of which Non-recurring financial charges: +€400,000
- Financial income +€75,507
up €75,507 (+16.3%), from €462,392 to €537,900
- Taxes -€34,914
down €34,914 (-75.5%), from €46,272 to €11,358
- Gross operating margin -€1,316
down €1,316 (-21.2%), from -€6,198 to -€7,514
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 | €5,653,747 | €4,831,534 | -€822,212 | -14.5% |
| Fixed assets | 21/28 | €1,636,848 | €1,236,848 | -€400,000 | -24.4% |
| Financial fixed assets | 28 | €1,636,848 | €1,236,848 | -€400,000 | -24.4% |
| Current assets | 29/58 | €4,016,899 | €3,594,686 | -€422,212 | -10.5% |
| Amounts receivable after more than one year | 29 | €1,877,000 | €1,877,000 | = | 0.0% |
| Other amounts receivable | 291 | €1,877,000 | €1,877,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €7,345 | €508,338 | +€500,993 | +6,821% |
| Other amounts receivable | 41 | €7,345 | €508,338 | +€500,993 | +6,821% |
| Current investments | 50/53 | €1,621,344 | €927,148 | -€694,197 | -42.8% |
| Cash at bank and in hand | 54/58 | €499,168 | €282,200 | -€216,968 | -43.5% |
| Deferred charges and accrued income | 490/1 | €12,041 | - | -€12,041 | |
| Total equity and liabilities | 10/49 | €5,653,747 | €4,831,534 | -€822,212 | -14.5% |
| Equity | 10/15 | €4,687,943 | €4,789,852 | +€101,910 | +2.2% |
| Contributions | 10/11 | €800,000 | €800,000 | = | 0.0% |
| Capital | 10 | €800,000 | €800,000 | = | 0.0% |
| Issued capital | 100 | €800,000 | €800,000 | = | 0.0% |
| Reserves | 13 | €3,713,196 | €3,815,106 | +€101,910 | +2.7% |
| Non-distributable reserves | 130/1 | €330,000 | €330,000 | = | 0.0% |
| Legal reserve | 130 | €330,000 | €330,000 | = | 0.0% |
| Distributable reserves | 133 | €3,383,196 | €3,485,106 | +€101,910 | +3.0% |
| Profit (loss) carried forward | 14 | €174,747 | €174,747 | = | 0.0% |
| Amounts payable | 17/49 | €965,804 | €41,682 | -€924,122 | -95.7% |
| Amounts payable within one year | 42/48 | €965,804 | €41,682 | -€924,122 | -95.7% |
| Trade debts | 44 | €4,815 | €4,500 | -€315 | -6.5% |
| Suppliers | 440/4 | €4,815 | €4,500 | -€315 | -6.5% |
| Taxes, remuneration and social security | 45 | €29,970 | €37,182 | +€7,212 | +24.1% |
| Taxes | 450/3 | €29,970 | €37,182 | +€7,212 | +24.1% |
| Other amounts payable | 47/48 | €931,020 | - | -€931,020 | |
| Other operating charges | 640/8 | €3,400 | €3,442 | +€42 | +1.2% |
| Gross operating margin | 9900 | -€6,198 | -€7,514 | -€1,316 | -21.2% |
| Operating profit (loss) | 9901 | -€9,598 | -€10,955 | -€1,358 | -14.1% |
| Financial income | 75/76B | €462,392 | €537,900 | +€75,507 | +16.3% |
| Recurring financial income | 75 | €462,392 | €537,900 | +€75,507 | +16.3% |
| Financial charges | 65/66B | €3,327 | €413,677 | +€410,350 | +12,335% |
| Recurring financial charges | 65 | €3,327 | €13,677 | +€10,350 | +311% |
| Non-recurring financial charges | 66B | - | €400,000 | +€400,000 | |
| Profit (loss) for the period before taxes | 9903 | €449,468 | €113,267 | -€336,200 | -74.8% |
| Income taxes | 67/77 | €46,272 | €11,358 | -€34,914 | -75.5% |
| Profit (loss) for the period | 9904 | €403,196 | €101,910 | -€301,286 | -74.7% |
| Profit (loss) for the period to be appropriated | 9905 | €403,196 | €101,910 | -€301,286 | -74.7% |
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 20 October 2026 via checked.be.