ANTWERP VENTURES: 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 VENTURES
Largest movements
- Tangible fixed assets -€23,158
down €23,158 (-8.3%), from €278,595 to €255,437
of which Land and buildings: -€23,158
- Debts after one year -€41,683
down €41,683 (-13.4%), from €310,845 to €269,163
- Other debts +€18,296
up €18,296 (+24.8%), from €73,803 to €92,100
- Gross operating margin +€2,766
up €2,766 (+10.1%), from €27,261 to €30,027
- Depreciation -€1,926
down €1,926 (-7.7%), from €25,084 to €23,158
- Staff costs +€798
new in 2025: €798
- Other operating charges +€493
up €493 (+80.6%), from €612 to €1,106
- Financial charges -€383
down €383 (-8.4%), from €4,564 to €4,181
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 | €278,813 | €255,609 | -€23,204 | -8.3% |
| Fixed assets | 21/28 | €278,745 | €255,587 | -€23,158 | -8.3% |
| Tangible fixed assets | 22/27 | €278,595 | €255,437 | -€23,158 | -8.3% |
| Land and buildings | 22 | €278,595 | €255,437 | -€23,158 | -8.3% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €68 | €22 | -€46 | -67.8% |
| Cash at bank and in hand | 54/58 | €68 | €5 | -€63 | -92.6% |
| Deferred charges and accrued income | 490/1 | - | €17 | +€17 | |
| Total equity and liabilities | 10/49 | €278,813 | €255,609 | -€23,204 | -8.3% |
| Equity | 10/15 | -€155,438 | -€154,654 | +€784 | +0.5% |
| Contributions | 10/11 | €18,700 | €18,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€174,138 | -€173,354 | +€784 | +0.5% |
| Amounts payable | 17/49 | €434,251 | €410,263 | -€23,988 | -5.5% |
| Amounts payable after more than one year | 17 | €310,845 | €269,163 | -€41,683 | -13.4% |
| Financial debts | 170/4 | €310,845 | €269,163 | -€41,683 | -13.4% |
| Amounts payable within one year | 42/48 | €123,406 | €141,100 | +€17,694 | +14.3% |
| Financial debts | 43 | €40,767 | €41,683 | +€915 | +2.2% |
| Credit institutions | 430/8 | €40,767 | €41,683 | +€915 | +2.2% |
| Trade debts | 44 | €7,962 | €5,708 | -€2,254 | -28.3% |
| Suppliers | 440/4 | €7,962 | €5,708 | -€2,254 | -28.3% |
| Taxes, remuneration and social security | 45 | €873 | €1,610 | +€737 | +84.4% |
| Taxes | 450/3 | €873 | €1,610 | +€737 | +84.4% |
| Other amounts payable | 47/48 | €73,803 | €92,100 | +€18,296 | +24.8% |
| Non-recurring operating income | 76A | €30,216 | - | -€30,216 | |
| Remuneration, social security and pensions | 62 | - | €798 | +€798 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,084 | €23,158 | -€1,926 | -7.7% |
| Other operating charges | 640/8 | €612 | €1,106 | +€493 | +80.6% |
| Gross operating margin | 9900 | €27,261 | €30,027 | +€2,766 | +10.1% |
| Operating profit (loss) | 9901 | €1,565 | €4,966 | +€3,401 | +217% |
| Financial charges | 65/66B | €4,564 | €4,181 | -€383 | -8.4% |
| Recurring financial charges | 65 | €4,564 | €4,181 | -€383 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,999 | €784 | +€3,783 | |
| Profit (loss) for the period | 9904 | -€2,999 | €784 | +€3,783 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,999 | €784 | +€3,783 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.