Antwerp Tower: 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.
Antwerp Tower
Largest movements
- Stocks and contracts -€53,329
down €53,329 (-8.7%), from €613,081 to €559,752
- Debts after one year -€94,080
no longer reported in 2025 (was €94,080)
- Profit (loss) carried forward +€47,420
up €47,420 (+4.2%), from -€1.1m to -€1.1m
- Gross operating margin -€21,320
down €21,320 (-29.2%), from €72,888 to €51,569
- Financial charges -€9,159
down €9,159 (-75.2%), from €12,181 to €3,022
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €623,833 | €575,232 | -€48,601 | -7.8% |
| Fixed assets | 21/28 | - | €5,413 | +€5,413 | |
| Financial fixed assets | 28 | - | €5,413 | +€5,413 | |
| Current assets | 29/58 | €623,833 | €569,819 | -€54,014 | -8.7% |
| Stocks and contracts in progress | 3 | €613,081 | €559,752 | -€53,329 | -8.7% |
| Stocks | 30/36 | €613,081 | €559,752 | -€53,329 | -8.7% |
| Amounts receivable within one year | 40/41 | €10,752 | €10,067 | -€685 | -6.4% |
| Trade receivables | 40 | €10,752 | €10,067 | -€685 | -6.4% |
| Total equity and liabilities | 10/49 | €623,833 | €575,232 | -€48,601 | -7.8% |
| Equity | 10/15 | €521,313 | €568,733 | +€47,420 | +9.1% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €1,148,007 | €1,148,007 | = | 0.0% |
| Non-distributable reserves | 130/1 | €50,000 | €50,000 | = | 0.0% |
| Legal reserve | 130 | €50,000 | €50,000 | = | 0.0% |
| Distributable reserves | 133 | €1,098,007 | €1,098,007 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,126,694 | -€1,079,274 | +€47,420 | +4.2% |
| Amounts payable | 17/49 | €102,520 | €6,499 | -€96,021 | -93.7% |
| Amounts payable after more than one year | 17 | €94,080 | - | -€94,080 | |
| Financial debts | 170/4 | €94,080 | - | -€94,080 | |
| Amounts payable within one year | 42/48 | €8,440 | €6,499 | -€1,941 | -23.0% |
| Trade debts | 44 | €3,264 | €3,204 | -€60 | -1.8% |
| Suppliers | 440/4 | €3,264 | €3,204 | -€60 | -1.8% |
| Advances received on contracts in progress | 46 | €5,176 | €3,295 | -€1,881 | -36.3% |
| Other operating charges | 640/8 | €1,094 | €1,126 | +€33 | +3.0% |
| Gross operating margin | 9900 | €72,888 | €51,569 | -€21,320 | -29.2% |
| Operating profit (loss) | 9901 | €71,795 | €50,442 | -€21,352 | -29.7% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €12,181 | €3,022 | -€9,159 | -75.2% |
| Recurring financial charges | 65 | €12,181 | €3,022 | -€9,159 | -75.2% |
| Profit (loss) for the period before taxes | 9903 | €59,614 | €47,420 | -€12,194 | -20.5% |
| Profit (loss) for the period | 9904 | €59,614 | €47,420 | -€12,194 | -20.5% |
| Profit (loss) for the period to be appropriated | 9905 | €59,614 | €47,420 | -€12,194 | -20.5% |
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.