ANTWERP TOOLS SERVICES: what changed
Two fiscal 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.
What changed
ANTWERP TOOLS SERVICES
NACE 46.841, Wholesale trade
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€7,611
2024 · €209,225-€201,615
Equity
€1.0m
2024 · €1.0m+€7,611
Cash
€502,713
2024 · €394,555+€108,158
Balance sheet total
€2.0m
2024 · €1.7m+€299,570
Largest movements
Assets
- Receivables within one year +€331,585
up €331,585 (+75.3%), from €440,509 to €772,094
of which Other amounts receivable: +€419,780
- Stocks and contracts -€124,573
down €124,573 (-16.4%), from €758,384 to €633,811
- Cash +€108,158
up €108,158 (+27.4%), from €394,555 to €502,713
mainly Other debts (+€787,339) and Stocks and contracts (+€124,573)
- Tangible fixed assets -€21,100
down €21,100 (-19.4%), from €108,502 to €87,402
Equity and liabilities
- Other debts +€787,339
up €787,339 (+3086.1%), from €25,512 to €812,851
- Trade debts -€503,999
down €503,999 (-84.4%), from €597,181 to €93,182
- Short-term financial debts +€21,929
up €21,929 (+99.8%), from €21,969 to €43,899
Income statement
- Turnover -€2.6m
no longer reported in 2025 (was €2.6m)
- Goods and materials -€1.8m
no longer reported in 2025 (was €1.8m)
of which Purchases: -€2.0m
- Services and other goods -€341,920
no longer reported in 2025 (was €341,920)
- Gross operating margin +€136,498
new in 2025: €136,498
- Staff costs -€106,140
down €106,140 (-86.7%), from €122,382 to €16,241
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.
Result 2024
€209,225
Turnover
-€2.6m
Other operating income
-€5,365
Goods and materials
+€1.8m
Services and other goods
+€341,920
Staff costs
+€106,140
Depreciation
+€6,130
Write-downs
-€49,665
Other operating charges
-€5,358
Other operating items
+€136,498
Financial income
+€1,626
Financial charges
+€15,408
Taxes
+€50,772
Result 2025
€7,611
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.
From operations
+€98,933
Investment
-€2,495
Financing
+€11,720
Cash 2024
€394,555
From operations (derived)
+€98,933
Net result for the year
+€7,611
Depreciation
+€23,595
Stocks and contracts
+€124,573
Receivables within one year
-€331,585
Deferred charges and accrued income
-€5,499
Trade debts
-€503,999
Tax, wage and social debts
-€2,935
Other debts
+€787,339
Accrued charges and deferred income
-€167
Investment (derived)
-€2,495
Investment in fixed assets (net)
-€2,495
Financing
+€11,720
Debts after one year
-€8,624
Current portion of long-term debt
-€1,585
Short-term financial debts
+€21,929
Cash 2025
€502,713
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,709,729 | €2,009,298 | +€299,570 | +17.5% |
| Fixed assets | 21/28 | €108,502 | €87,402 | -€21,100 | -19.4% |
| Tangible fixed assets | 22/27 | €108,502 | €87,402 | -€21,100 | -19.4% |
| Land and buildings | 22 | €82,017 | €72,270 | -€9,747 | -11.9% |
| Plant, machinery and equipment | 23 | €14,334 | €8,892 | -€5,442 | -38.0% |
| Furniture and vehicles | 24 | €10,508 | €5,930 | -€4,577 | -43.6% |
| Leasing and similar rights | 25 | €1,644 | €310 | -€1,334 | -81.2% |
| Current assets | 29/58 | €1,601,227 | €1,921,896 | +€320,670 | +20.0% |
| Stocks and contracts in progress | 3 | €758,384 | €633,811 | -€124,573 | -16.4% |
| Stocks | 30/36 | €758,384 | €633,811 | -€124,573 | -16.4% |
| Goods purchased for resale | 34 | €758,384 | - | -€758,384 | |
| Amounts receivable within one year | 40/41 | €440,509 | €772,094 | +€331,585 | +75.3% |
| Trade receivables | 40 | €424,620 | €336,425 | -€88,195 | -20.8% |
| Other amounts receivable | 41 | €15,889 | €435,669 | +€419,780 | +2642.0% |
| Cash at bank and in hand | 54/58 | €394,555 | €502,713 | +€108,158 | +27.4% |
| Deferred charges and accrued income | 490/1 | €7,779 | €13,278 | +€5,499 | +70.7% |
| Total equity and liabilities | 10/49 | €1,709,729 | €2,009,298 | +€299,570 | +17.5% |
| Equity | 10/15 | €1,016,128 | €1,023,739 | +€7,611 | +0.7% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €986,128 | €993,739 | +€7,611 | +0.8% |
| Tax-exempt reserves | 132 | €50,175 | €0 | -€50,175 | -100.0% |
| Distributable reserves | 133 | €935,953 | €993,739 | +€57,786 | +6.2% |
| Amounts payable | 17/49 | €693,600 | €985,559 | +€291,959 | +42.1% |
| Amounts payable after more than one year | 17 | €8,624 | €0 | -€8,624 | -100.0% |
| Financial debts | 170/4 | €8,624 | €0 | -€8,624 | -100.0% |
| Leasing and similar obligations | 172 | €258 | - | -€258 | |
| Credit institutions | 173 | €8,366 | - | -€8,366 | |
| Amounts payable within one year | 42/48 | €684,810 | €985,559 | +€300,750 | +43.9% |
| Current portion of amounts payable after more than one year | 42 | €10,209 | €8,624 | -€1,585 | -15.5% |
| Financial debts | 43 | €21,969 | €43,899 | +€21,929 | +99.8% |
| Credit institutions | 430/8 | €21,969 | €43,899 | +€21,929 | +99.8% |
| Trade debts | 44 | €597,181 | €93,182 | -€503,999 | -84.4% |
| Suppliers | 440/4 | €597,181 | €93,182 | -€503,999 | -84.4% |
| Taxes, remuneration and social security | 45 | €29,939 | €27,003 | -€2,935 | -9.8% |
| Taxes | 450/3 | €15,741 | €27,003 | +€11,263 | +71.6% |
| Remuneration and social security | 454/9 | €14,198 | €0 | -€14,198 | -100.0% |
| Other amounts payable | 47/48 | €25,512 | €812,851 | +€787,339 | +3086.1% |
| Accrued charges and deferred income | 492/3 | €167 | €0 | -€167 | -100.0% |
| Operating income | 70/76A | €2,614,620 | - | -€2.6m | |
| Turnover | 70 | €2,609,255 | - | -€2.6m | |
| Other operating income | 74 | €5,365 | - | -€5,365 | |
| Operating charges | 60/66A | €2,316,663 | - | -€2.3m | |
| Goods for resale, raw materials and consumables | 60 | €1,809,535 | - | -€1.8m | |
| Purchases | 600/8 | €2,013,810 | - | -€2.0m | |
| Change in stocks: decrease (increase) | 609 | -€204,275 | - | +€204,275 | |
| Services and other goods | 61 | €341,920 | - | -€341,920 | |
| Remuneration, social security and pensions | 62 | €122,382 | €16,241 | -€106,140 | -86.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,725 | €23,595 | -€6,130 | -20.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,269 | €54,934 | +€49,665 | +942.6% |
| Other operating charges | 640/8 | €7,833 | €13,191 | +€5,358 | +68.4% |
| Gross operating margin | 9900 | - | €136,498 | +€136,498 | |
| Operating profit (loss) | 9901 | €297,957 | €28,537 | -€269,420 | -90.4% |
| Financial income | 75/76B | €6,065 | €7,692 | +€1,626 | +26.8% |
| Recurring financial income | 75 | €6,065 | €7,692 | +€1,626 | +26.8% |
| Income from current assets | 751 | €1,564 | - | -€1,564 | |
| Other financial income | 752/9 | €4,501 | - | -€4,501 | |
| Financial charges | 65/66B | €22,722 | €7,314 | -€15,408 | -67.8% |
| Recurring financial charges | 65 | €22,722 | €7,314 | -€15,408 | -67.8% |
| Debt charges | 650 | €6,431 | - | -€6,431 | |
| Other financial charges | 652/9 | €16,291 | - | -€16,291 | |
| Profit (loss) for the period before taxes | 9903 | €281,300 | €28,914 | -€252,386 | -89.7% |
| Income taxes | 67/77 | €72,075 | €21,303 | -€50,772 | -70.4% |
| Taxes | 670/3 | €72,075 | - | -€72,075 | |
| Profit (loss) for the period | 9904 | €209,225 | €7,611 | -€201,615 | -96.4% |
| Profit (loss) for the period to be appropriated | 9905 | €209,225 | €7,611 | -€201,615 | -96.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.