ANTWERPS BLAUW: 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.
ANTWERPS BLAUW
Largest movements
- Intangible fixed assets -€6,611
down €6,611 (-15.1%), from €43,884 to €37,273
- Tangible fixed assets -€828
down €828 (-61.4%), from €1,349 to €521
of which Other tangible fixed assets: -€596
- Profit (loss) carried forward -€16,498
down €16,498 (-29.8%), from -€55,434 to -€71,932
- Other debts +€8,489
up €8,489 (+239%), from €3,546 to €12,035
- Trade debts +€606
up €606 (+27.1%), from €2,234 to €2,840
- Gross operating margin -€3,418
down €3,418 (-68.3%), from -€5,004 to -€8,422
- Other operating charges +€447
up €447 (+379%), from €118 to €565
- Depreciation -€267
down €267 (-3.5%), from €7,706 to €7,439
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 | €46,158 | €38,755 | -€7,403 | -16.0% |
| Fixed assets | 21/28 | €45,233 | €37,794 | -€7,439 | -16.4% |
| Intangible fixed assets | 21 | €43,884 | €37,273 | -€6,611 | -15.1% |
| Tangible fixed assets | 22/27 | €1,349 | €521 | -€828 | -61.4% |
| Furniture and vehicles | 24 | €340 | €109 | -€231 | -68.0% |
| Other tangible fixed assets | 26 | €1,008 | €412 | -€596 | -59.1% |
| Current assets | 29/58 | €925 | €960 | +€36 | +3.8% |
| Amounts receivable within one year | 40/41 | €476 | €194 | -€282 | -59.2% |
| Other amounts receivable | 41 | €476 | €194 | -€282 | -59.2% |
| Cash at bank and in hand | 54/58 | €448 | €766 | +€318 | +70.8% |
| Total equity and liabilities | 10/49 | €46,158 | €38,755 | -€7,403 | -16.0% |
| Equity | 10/15 | -€30,434 | -€46,932 | -€16,498 | -54.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,434 | -€71,932 | -€16,498 | -29.8% |
| Amounts payable | 17/49 | €76,592 | €85,687 | +€9,095 | +11.9% |
| Amounts payable after more than one year | 17 | €70,809 | €70,809 | = | 0.0% |
| Other amounts payable | 178/9 | €70,809 | €70,809 | = | 0.0% |
| Amounts payable within one year | 42/48 | €5,783 | €14,878 | +€9,095 | +157% |
| Trade debts | 44 | €2,234 | €2,840 | +€606 | +27.1% |
| Suppliers | 440/4 | €2,234 | €2,840 | +€606 | +27.1% |
| Taxes, remuneration and social security | 45 | €3 | €3 | = | 0.0% |
| Taxes | 450/3 | €3 | €3 | = | 0.0% |
| Other amounts payable | 47/48 | €3,546 | €12,035 | +€8,489 | +239% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,706 | €7,439 | -€267 | -3.5% |
| Other operating charges | 640/8 | €118 | €565 | +€447 | +379% |
| Gross operating margin | 9900 | -€5,004 | -€8,422 | -€3,418 | -68.3% |
| Operating profit (loss) | 9901 | -€12,828 | -€16,426 | -€3,598 | -28.0% |
| Financial charges | 65/66B | €72 | €72 | -€0 | -0.2% |
| Recurring financial charges | 65 | €72 | €72 | -€0 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | -€12,901 | -€16,498 | -€3,598 | -27.9% |
| Profit (loss) for the period | 9904 | -€12,901 | -€16,498 | -€3,598 | -27.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,901 | -€16,498 | -€3,598 | -27.9% |
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.