Antwoord: 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.
Antwoord
Largest movements
- Cash -€25,420
down €25,420 (-32.1%), from €79,159 to €53,739
mainly Contributions, distributions and other (-€18,232) and Net result for the year (-€13,847)
- Receivables within one year +€6,570
up €6,570 (+272%), from €2,418 to €8,988
of which Trade receivables: +€5,952
- Intangible fixed assets -€4,004
down €4,004 (-52.3%), from €7,653 to €3,649
- Reserves -€18,232
down €18,232 (-56.5%), from €32,243 to €14,010
- Profit (loss) carried forward -€13,847
down €13,847, from €0 to -€13,847
- Other debts +€8,473
up €8,473 (+15.0%), from €56,491 to €64,964
- Tax, wage and social debts -€1,271
down €1,271 (-82.3%), from €1,544 to €273
- Gross operating margin -€17,797
down €17,797, from €9,715 to -€8,082
- Taxes -€1,163
down €1,163 (-90.0%), from €1,292 to €129
- Depreciation +€325
up €325 (+7.6%), from €4,265 to €4,590
- Other operating charges +€129
up €129 (+29.8%), from €434 to €563
- Financial charges +€114
up €114 (+30.2%), from €377 to €492
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 | €92,395 | €68,827 | -€23,569 | -25.5% |
| Fixed assets | 21/28 | €9,015 | €4,425 | -€4,590 | -50.9% |
| Intangible fixed assets | 21 | €7,653 | €3,649 | -€4,004 | -52.3% |
| Tangible fixed assets | 22/27 | €1,362 | €777 | -€586 | -43.0% |
| Furniture and vehicles | 24 | €1,362 | €777 | -€586 | -43.0% |
| Current assets | 29/58 | €83,380 | €64,401 | -€18,979 | -22.8% |
| Amounts receivable within one year | 40/41 | €2,418 | €8,988 | +€6,570 | +272% |
| Trade receivables | 40 | €1,210 | €7,162 | +€5,952 | +492% |
| Other amounts receivable | 41 | €1,208 | €1,826 | +€618 | +51.2% |
| Cash at bank and in hand | 54/58 | €79,159 | €53,739 | -€25,420 | -32.1% |
| Deferred charges and accrued income | 490/1 | €1,803 | €1,675 | -€128 | -7.1% |
| Total equity and liabilities | 10/49 | €92,395 | €68,827 | -€23,569 | -25.5% |
| Equity | 10/15 | €34,243 | €2,164 | -€32,079 | -93.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €32,243 | €14,010 | -€18,232 | -56.5% |
| Distributable reserves | 133 | €32,243 | €14,010 | -€18,232 | -56.5% |
| Profit (loss) carried forward | 14 | €0 | -€13,847 | -€13,847 | |
| Amounts payable | 17/49 | €58,153 | €66,663 | +€8,510 | +14.6% |
| Amounts payable within one year | 42/48 | €58,153 | €66,263 | +€8,110 | +13.9% |
| Trade debts | 44 | €118 | €1,026 | +€908 | +772% |
| Suppliers | 440/4 | €118 | €1,026 | +€908 | +772% |
| Taxes, remuneration and social security | 45 | €1,544 | €273 | -€1,271 | -82.3% |
| Taxes | 450/3 | €1,544 | €273 | -€1,271 | -82.3% |
| Other amounts payable | 47/48 | €56,491 | €64,964 | +€8,473 | +15.0% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,265 | €4,590 | +€325 | +7.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €434 | €563 | +€129 | +29.8% |
| Gross operating margin | 9900 | €9,715 | -€8,082 | -€17,797 | |
| Operating profit (loss) | 9901 | €5,016 | -€13,236 | -€18,252 | |
| Financial income | 75/76B | €0 | €9 | +€9 | +92,800% |
| Recurring financial income | 75 | €0 | €9 | +€9 | +92,800% |
| Financial charges | 65/66B | €377 | €492 | +€114 | +30.2% |
| Recurring financial charges | 65 | €377 | €492 | +€114 | +30.2% |
| Profit (loss) for the period before taxes | 9903 | €4,639 | -€13,718 | -€18,357 | |
| Income taxes | 67/77 | €1,292 | €129 | -€1,163 | -90.0% |
| Profit (loss) for the period | 9904 | €3,347 | -€13,847 | -€17,193 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,347 | -€13,847 | -€17,193 |
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 31 October 2026 via checked.be.