CLOSED Antwerp: 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.
CLOSED Antwerp
Largest movements
- Stocks and contracts +€69,100
up €69,100 (+21.2%), from €325,800 to €394,900
- Cash +€53,955
up €53,955 (+94.3%), from €57,191 to €111,146
mainly Trade debts (+€271,092) and Depreciation (+€43,124)
- Receivables within one year -€36,557
down €36,557 (-42.3%), from €86,434 to €49,877
of which Other amounts receivable: -€45,115
- Tangible fixed assets -€34,053
down €34,053 (-39.8%), from €85,499 to €51,446
- Deferred charges and accrued income +€9,405
up €9,405 (+94.0%), from €10,000 to €19,405
- Trade debts +€271,092
up €271,092 (+12.6%), from €2.2m to €2.4m
- Profit (loss) carried forward -€196,721
down €196,721 (-10.7%), from -€1.8m to -€2.0m
- Tax, wage and social debts -€12,522
down €12,522 (-13.9%), from €89,821 to €77,299
of which Taxes: -€14,479
- Gross operating margin +€118,975
up €118,975 (+57.1%), from €208,418 to €327,393
- Staff costs +€39,291
up €39,291 (+9.2%), from €427,082 to €466,373
- Other operating charges -€15,182
down €15,182 (-57.8%), from €26,286 to €11,104
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 | €679,051 | €740,901 | +€61,850 | +9.1% |
| Fixed assets | 21/28 | €199,626 | €165,574 | -€34,053 | -17.1% |
| Tangible fixed assets | 22/27 | €85,499 | €51,446 | -€34,053 | -39.8% |
| Other tangible fixed assets | 26 | €85,499 | €51,446 | -€34,053 | -39.8% |
| Financial fixed assets | 28 | €114,127 | €114,127 | = | 0.0% |
| Current assets | 29/58 | €479,425 | €575,328 | +€95,903 | +20.0% |
| Stocks and contracts in progress | 3 | €325,800 | €394,900 | +€69,100 | +21.2% |
| Stocks | 30/36 | €325,800 | €394,900 | +€69,100 | +21.2% |
| Amounts receivable within one year | 40/41 | €86,434 | €49,877 | -€36,557 | -42.3% |
| Trade receivables | 40 | €5,890 | €14,449 | +€8,558 | +145.3% |
| Other amounts receivable | 41 | €80,544 | €35,428 | -€45,115 | -56.0% |
| Cash at bank and in hand | 54/58 | €57,191 | €111,146 | +€53,955 | +94.3% |
| Deferred charges and accrued income | 490/1 | €10,000 | €19,405 | +€9,405 | +94.0% |
| Total equity and liabilities | 10/49 | €679,051 | €740,901 | +€61,850 | +9.1% |
| Equity | 10/15 | -€1,812,616 | -€2,009,336 | -€196,721 | -10.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,831,216 | -€2,027,936 | -€196,721 | -10.7% |
| Amounts payable | 17/49 | €2,491,667 | €2,750,237 | +€258,570 | +10.4% |
| Amounts payable within one year | 42/48 | €2,491,667 | €2,750,237 | +€258,570 | +10.4% |
| Trade debts | 44 | €2,151,846 | €2,422,938 | +€271,092 | +12.6% |
| Suppliers | 440/4 | €2,151,846 | €2,422,938 | +€271,092 | +12.6% |
| Taxes, remuneration and social security | 45 | €89,821 | €77,299 | -€12,522 | -13.9% |
| Taxes | 450/3 | €38,374 | €23,896 | -€14,479 | -37.7% |
| Remuneration and social security | 454/9 | €51,446 | €53,403 | +€1,957 | +3.8% |
| Other amounts payable | 47/48 | €250,000 | €250,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €427,082 | €466,373 | +€39,291 | +9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,355 | €43,124 | -€1,231 | -2.8% |
| Other operating charges | 640/8 | €26,286 | €11,104 | -€15,182 | -57.8% |
| Gross operating margin | 9900 | €208,418 | €327,393 | +€118,975 | +57.1% |
| Operating profit (loss) | 9901 | -€289,304 | -€193,207 | +€96,098 | +33.2% |
| Financial income | 75/76B | €5 | €15 | +€10 | +214.7% |
| Recurring financial income | 75 | €5 | €15 | +€10 | +214.7% |
| Financial charges | 65/66B | €2,353 | €3,528 | +€1,176 | +50.0% |
| Recurring financial charges | 65 | €2,353 | €3,528 | +€1,176 | +50.0% |
| Profit (loss) for the period before taxes | 9903 | -€291,652 | -€196,721 | +€94,932 | +32.5% |
| Profit (loss) for the period | 9904 | -€291,652 | -€196,721 | +€94,932 | +32.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€291,652 | -€196,721 | +€94,932 | +32.5% |
Source: filed annual accounts (NBB), financial years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.