AntWork: 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.
AntWork
Largest movements
- Tangible fixed assets -€156,635
no longer reported in 2025 (was €156,635)
- Intangible fixed assets -€100,000
no longer reported in 2025 (was €100,000)
- Receivables within one year -€38,482
down €38,482 (-27.7%), from €139,131 to €100,649
of which Trade receivables: -€37,647
- Deferred charges and accrued income -€12,600
no longer reported in 2025 (was €12,600)
- Cash +€10,458
up €10,458 (+109.9%), from €9,519 to €19,977
mainly Net result for the year (+€315,142) and Investment in fixed assets (net) (+€256,635)
- Debts after one year -€444,890
down €444,890 (-85.1%), from €522,842 to €77,952
of which Financial debts: -€283,986
- Profit (loss) carried forward +€315,142
up €315,142 (+93.0%), from -€338,811 to -€23,669
- Trade debts -€120,429
down €120,429 (-98.9%), from €121,708 to €1,279
- Advances received -€47,082
no longer reported in 2025 (was €47,082)
- Gross operating margin +€496,817
up €496,817, from -€181,973 to €314,844
- Depreciation -€90,619
no longer reported in 2025 (was €90,619)
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
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 | €422,712 | €125,453 | -€297,259 | -70.3% |
| Fixed assets | 21/28 | €261,461 | €4,826 | -€256,635 | -98.2% |
| Intangible fixed assets | 21 | €100,000 | - | -€100,000 | |
| Tangible fixed assets | 22/27 | €156,635 | - | -€156,635 | |
| Plant, machinery and equipment | 23 | €156,635 | - | -€156,635 | |
| Financial fixed assets | 28 | €4,826 | €4,826 | = | 0.0% |
| Current assets | 29/58 | €161,251 | €120,627 | -€40,624 | -25.2% |
| Amounts receivable within one year | 40/41 | €139,131 | €100,649 | -€38,482 | -27.7% |
| Trade receivables | 40 | €41,233 | €3,586 | -€37,647 | -91.3% |
| Other amounts receivable | 41 | €97,899 | €97,063 | -€835 | -0.9% |
| Cash at bank and in hand | 54/58 | €9,519 | €19,977 | +€10,458 | +109.9% |
| Deferred charges and accrued income | 490/1 | €12,600 | - | -€12,600 | |
| Total equity and liabilities | 10/49 | €422,712 | €125,453 | -€297,259 | -70.3% |
| Equity | 10/15 | -€269,921 | €45,221 | +€315,142 | |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €73,900 | €73,900 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €7,390 | €7,390 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,390 | €7,390 | = | 0.0% |
| Legal reserve | 130 | €7,390 | €7,390 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€338,811 | -€23,669 | +€315,142 | +93.0% |
| Amounts payable | 17/49 | €692,633 | €80,231 | -€612,401 | -88.4% |
| Amounts payable after more than one year | 17 | €522,842 | €77,952 | -€444,890 | -85.1% |
| Financial debts | 170/4 | €283,986 | - | -€283,986 | |
| Trade debts | 175 | €238,856 | €77,952 | -€160,904 | -67.4% |
| Amounts payable within one year | 42/48 | €169,791 | €2,279 | -€167,511 | -98.7% |
| Trade debts | 44 | €121,708 | €1,279 | -€120,429 | -98.9% |
| Suppliers | 440/4 | €121,708 | €1,279 | -€120,429 | -98.9% |
| Advances received on contracts in progress | 46 | €47,082 | - | -€47,082 | |
| Other amounts payable | 47/48 | €1,001 | €1,001 | = | 0.0% |
| Non-recurring operating income | 76A | - | €247,365 | +€247,365 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,619 | - | -€90,619 | |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | -€181,973 | €314,844 | +€496,817 | |
| Operating profit (loss) | 9901 | -€272,710 | €314,724 | +€587,435 | |
| Financial income | 75/76B | €98 | €730 | +€632 | +644.7% |
| Recurring financial income | 75 | €98 | €730 | +€632 | +644.7% |
| Financial charges | 65/66B | €676 | €312 | -€364 | -53.8% |
| Recurring financial charges | 65 | €676 | €312 | -€364 | -53.8% |
| Profit (loss) for the period before taxes | 9903 | -€273,288 | €315,142 | +€588,430 | |
| Profit (loss) for the period | 9904 | -€273,288 | €315,142 | +€588,430 | |
| Profit (loss) for the period to be appropriated | 9905 | -€273,288 | €315,142 | +€588,430 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.