ANTWERP TOWAGE: what changed
ANTWERP TOWAGE
Largest movements
- Receivables within one year -€72,636
down €72,636 (-53.1%), from €136,822 to €64,186
of which Trade receivables: -€69,942
- Cash +€71,902
up €71,902 (+231%), from €31,105 to €103,007
mainly Receivables within one year (+€72,636) and Trade debts (+€4,765)
- Tax, wage and social debts -€7,247
down €7,247 (-9.5%), from €76,010 to €68,763
of which Remuneration and social security: -€6,840
- Trade debts +€4,765
up €4,765 (+21.8%), from €21,888 to €26,653
- Gross operating margin +€12,252
up €12,252 (+4.9%), from €252,035 to €264,288
- Staff costs +€11,258
up €11,258 (+4.7%), from €237,299 to €248,557
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 | €174,788 | €172,670 | -€2,118 | -1.2% |
| Fixed assets | 21/28 | €4,493 | €2,773 | -€1,721 | -38.3% |
| Tangible fixed assets | 22/27 | €4,443 | €2,723 | -€1,721 | -38.7% |
| Furniture and vehicles | 24 | €4,443 | €2,723 | -€1,721 | -38.7% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €170,295 | €169,897 | -€398 | -0.2% |
| Amounts receivable within one year | 40/41 | €136,822 | €64,186 | -€72,636 | -53.1% |
| Trade receivables | 40 | €131,452 | €61,511 | -€69,942 | -53.2% |
| Other amounts receivable | 41 | €5,370 | €2,675 | -€2,695 | -50.2% |
| Cash at bank and in hand | 54/58 | €31,105 | €103,007 | +€71,902 | +231% |
| Deferred charges and accrued income | 490/1 | €2,368 | €2,705 | +€336 | +14.2% |
| Total equity and liabilities | 10/49 | €174,788 | €172,670 | -€2,118 | -1.2% |
| Equity | 10/15 | €76,890 | €77,254 | +€364 | +0.5% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Capital | 10 | €70,000 | €70,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Uncalled capital | 101 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €5,000 | €5,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Legal reserve | 130 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,890 | €2,254 | +€364 | +19.2% |
| Amounts payable | 17/49 | €97,898 | €95,416 | -€2,482 | -2.5% |
| Amounts payable within one year | 42/48 | €97,898 | €95,416 | -€2,482 | -2.5% |
| Trade debts | 44 | €21,888 | €26,653 | +€4,765 | +21.8% |
| Suppliers | 440/4 | €21,888 | €26,653 | +€4,765 | +21.8% |
| Taxes, remuneration and social security | 45 | €76,010 | €68,763 | -€7,247 | -9.5% |
| Taxes | 450/3 | €25,406 | €24,999 | -€407 | -1.6% |
| Remuneration and social security | 454/9 | €50,604 | €43,764 | -€6,840 | -13.5% |
| Remuneration, social security and pensions | 62 | €237,299 | €248,557 | +€11,258 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,270 | €1,721 | +€451 | +35.5% |
| Other operating charges | 640/8 | €793 | €1,746 | +€952 | +120% |
| Gross operating margin | 9900 | €252,035 | €264,288 | +€12,252 | +4.9% |
| Operating profit (loss) | 9901 | €12,673 | €12,265 | -€408 | -3.2% |
| Financial charges | 65/66B | €5,678 | €5,303 | -€374 | -6.6% |
| Recurring financial charges | 65 | €5,678 | €5,303 | -€374 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | €6,996 | €6,962 | -€34 | -0.5% |
| Income taxes | 67/77 | €6,097 | €6,598 | +€501 | +8.2% |
| Profit (loss) for the period | 9904 | €899 | €364 | -€535 | -59.5% |
| Profit (loss) for the period to be appropriated | 9905 | €899 | €364 | -€535 | -59.5% |
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 8 November 2026 via checked.be.