ANTwork: 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.
ANTwork
Largest movements
- Receivables within one year +€46,871
up €46,871 (+1,251%), from €3,746 to €50,617
of which Trade receivables: +€44,869
- Receivables after one year +€35,000
new in 2025: €35,000
- Cash -€18,106
down €18,106 (-37.1%), from €48,823 to €30,717
mainly Receivables within one year (-€46,871) and Receivables after one year (-€35,000)
- Reserves +€50,000
up €50,000 (+234%), from €21,360 to €71,360
- Tax, wage and social debts +€13,358
up €13,358 (+205%), from €6,503 to €19,861
of which Taxes: +€13,358
- Other debts +€10,893
up €10,893 (+265%), from €4,107 to €15,000
- Profit (loss) carried forward -€9,677
down €9,677 (-83.7%), from €11,556 to €1,880
- Gross operating margin +€50,545
up €50,545 (+180%), from €28,115 to €78,660
- Taxes +€16,780
up €16,780 (+860%), from €1,950 to €18,730
- Depreciation -€5,942
no longer reported in 2025 (was €5,942)
- Other operating charges +€4,392
up €4,392 (+965%), from €455 to €4,847
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 | €52,569 | €116,334 | +€63,765 | +121% |
| Fixed assets | 21/28 | €0 | €0 | = | |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Financial fixed assets | 28 | - | €0 | = | |
| Current assets | 29/58 | €52,569 | €116,334 | +€63,765 | +121% |
| Amounts receivable after more than one year | 29 | - | €35,000 | +€35,000 | |
| Other amounts receivable | 291 | - | €35,000 | +€35,000 | |
| Amounts receivable within one year | 40/41 | €3,746 | €50,617 | +€46,871 | +1,251% |
| Trade receivables | 40 | €2,850 | €47,719 | +€44,869 | +1,575% |
| Other amounts receivable | 41 | €896 | €2,898 | +€2,002 | +223% |
| Cash at bank and in hand | 54/58 | €48,823 | €30,717 | -€18,106 | -37.1% |
| Total equity and liabilities | 10/49 | €52,569 | €116,334 | +€63,765 | +121% |
| Equity | 10/15 | €39,116 | €79,440 | +€40,323 | +103% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €21,360 | €71,360 | +€50,000 | +234% |
| Distributable reserves | 133 | €21,360 | €71,360 | +€50,000 | +234% |
| Profit (loss) carried forward | 14 | €11,556 | €1,880 | -€9,677 | -83.7% |
| Amounts payable | 17/49 | €13,453 | €36,894 | +€23,441 | +174% |
| Amounts payable within one year | 42/48 | €13,062 | €36,495 | +€23,433 | +179% |
| Trade debts | 44 | €2,451 | €1,633 | -€818 | -33.4% |
| Suppliers | 440/4 | €2,451 | €1,633 | -€818 | -33.4% |
| Taxes, remuneration and social security | 45 | €6,503 | €19,861 | +€13,358 | +205% |
| Taxes | 450/3 | €6,503 | €19,861 | +€13,358 | +205% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | €4,107 | €15,000 | +€10,893 | +265% |
| Accrued charges and deferred income | 492/3 | €391 | €400 | +€9 | +2.2% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,942 | - | -€5,942 | |
| Other operating charges | 640/8 | €455 | €4,847 | +€4,392 | +965% |
| Gross operating margin | 9900 | €28,115 | €78,660 | +€50,545 | +180% |
| Operating profit (loss) | 9901 | €21,718 | €73,813 | +€52,095 | +240% |
| Financial income | 75/76B | €63 | €240 | +€177 | +284% |
| Recurring financial income | 75 | €63 | €240 | +€177 | +284% |
| Financial charges | 65/66B | €99 | €0 | -€99 | -99.9% |
| Recurring financial charges | 65 | €99 | €0 | -€99 | -99.9% |
| Profit (loss) for the period before taxes | 9903 | €21,681 | €74,053 | +€52,372 | +242% |
| Income taxes | 67/77 | €1,950 | €18,730 | +€16,780 | +860% |
| Profit (loss) for the period | 9904 | €19,731 | €55,323 | +€35,592 | +180% |
| Profit (loss) for the period to be appropriated | 9905 | €19,731 | €55,323 | +€35,592 | +180% |
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 14 October 2026 via checked.be.