AS Antoine: 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.
AS Antoine
Largest movements
- Cash -€14,645
down €14,645 (-69.3%), from €21,132 to €6,488
mainly Other debts (-€14,382) and Investment in fixed assets (net) (-€11,253)
- Tangible fixed assets +€8,435
up €8,435 (+57.1%), from €14,772 to €23,207
- Receivables within one year -€3,526
down €3,526 (-38.8%), from €9,100 to €5,574
- Other debts -€14,382
down €14,382 (-70.8%), from €20,318 to €5,936
- Advances received +€13,000
new in 2025: €13,000
- Profit (loss) carried forward -€4,735
down €4,735 (-27.4%), from €17,253 to €12,517
- Tax, wage and social debts -€3,619
down €3,619 (-66.6%), from €5,434 to €1,815
- Gross operating margin -€2,507
down €2,507 (-40.7%), from €6,162 to €3,655
- Other operating charges -€2,312
down €2,312 (-33.9%), from €6,820 to €4,507
- Staff costs -€1,717
down €1,717 (-81.8%), from €2,098 to €381
- Depreciation +€692
up €692 (+32.6%), from €2,126 to €2,818
- Financial charges +€483
up €483 (+241%), from €201 to €684
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 | €45,005 | €35,269 | -€9,736 | -21.6% |
| Fixed assets | 21/28 | €14,772 | €23,207 | +€8,435 | +57.1% |
| Tangible fixed assets | 22/27 | €14,772 | €23,207 | +€8,435 | +57.1% |
| Furniture and vehicles | 24 | €14,772 | €23,207 | +€8,435 | +57.1% |
| Current assets | 29/58 | €30,232 | €12,061 | -€18,171 | -60.1% |
| Amounts receivable within one year | 40/41 | €9,100 | €5,574 | -€3,526 | -38.8% |
| Trade receivables | 40 | €9,100 | €5,574 | -€3,526 | -38.8% |
| Cash at bank and in hand | 54/58 | €21,132 | €6,488 | -€14,645 | -69.3% |
| Total equity and liabilities | 10/49 | €45,005 | €35,269 | -€9,736 | -21.6% |
| Equity | 10/15 | €19,253 | €14,517 | -€4,735 | -24.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,253 | €12,517 | -€4,735 | -27.4% |
| Amounts payable | 17/49 | €25,752 | €20,751 | -€5,001 | -19.4% |
| Amounts payable within one year | 42/48 | €25,752 | €20,751 | -€5,001 | -19.4% |
| Advances received on contracts in progress | 46 | - | €13,000 | +€13,000 | |
| Taxes, remuneration and social security | 45 | €5,434 | €1,815 | -€3,619 | -66.6% |
| Taxes | 450/3 | €5,434 | €1,815 | -€3,619 | -66.6% |
| Other amounts payable | 47/48 | €20,318 | €5,936 | -€14,382 | -70.8% |
| Non-recurring operating income | 76A | €9,779 | €2,479 | -€7,300 | -74.6% |
| Remuneration, social security and pensions | 62 | €2,098 | €381 | -€1,717 | -81.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,126 | €2,818 | +€692 | +32.6% |
| Other operating charges | 640/8 | €6,820 | €4,507 | -€2,312 | -33.9% |
| Gross operating margin | 9900 | €6,162 | €3,655 | -€2,507 | -40.7% |
| Operating profit (loss) | 9901 | -€4,882 | -€4,051 | +€831 | +17.0% |
| Financial charges | 65/66B | €201 | €684 | +€483 | +241% |
| Recurring financial charges | 65 | €201 | €684 | +€483 | +241% |
| Profit (loss) for the period before taxes | 9903 | -€5,083 | -€4,735 | +€348 | +6.8% |
| Income taxes | 67/77 | €105 | - | -€105 | |
| Profit (loss) for the period | 9904 | -€5,188 | -€4,735 | +€453 | +8.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,188 | -€4,735 | +€453 | +8.7% |
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 26 October 2026 via checked.be.