DG Antwerpen: what changed
What changed
DG Antwerpen
NACE 46.480, Wholesale trade
filed annual accounts (NBB)
Net result for the year
-€388,327
2024 · -€258,003-€130,324
Equity
-€1.2m
2024 · -€818,426-€388,327
Cash
€898
2024 · €2,053-€1,155
Balance sheet total
€735,151
2024 · €648,696+€86,455
Largest movements
Assets
- Stocks and contracts +€87,998
up €87,998 (+20.7%), from €424,527 to €512,525
- Intangible fixed assets -€19,715
down €19,715 (-25.2%), from €78,163 to €58,447
- Deferred charges and accrued income +€9,369
up €9,369 (+277%), from €3,383 to €12,752
Equity and liabilities
- Other debts +€606,834
up €606,834 (+47.6%), from €1.3m to €1.9m
- Profit (loss) carried forward -€388,327
down €388,327 (-46.6%), from -€833,426 to -€1.2m
- Trade debts -€91,358
down €91,358 (-71.4%), from €128,027 to €36,669
- Advances received -€42,420
down €42,420 (-100%), from €42,420 to €0
Income statement
- Gross operating margin -€85,146
down €85,146 (-76.1%), from -€111,846 to -€196,991
- Staff costs +€27,739
up €27,739 (+21.1%), from €131,563 to €159,302
- Depreciation +€8,342
up €8,342 (+38.3%), from €21,754 to €30,096
- Financial income -€7,052
down €7,052 (-65.3%), from €10,797 to €3,745
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€258,003
Gross operating margin
-€85,146
Staff costs
-€27,739
Depreciation
-€8,342
Other operating charges
-€555
Financial income
-€7,052
Financial charges
-€1,491
Result 2025
-€388,327
lowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€13,597
Investment
-€16,170
Financing
+€1,418
Cash 2024
€2,053
From operations (derived)
+€13,597
Net result for the year
-€388,327
Depreciation
+€30,096
Stocks and contracts
-€87,998
Receivables within one year
-€4,169
Deferred charges and accrued income
-€9,369
Trade debts
-€91,358
Smaller working-capital items
+€309
Advances received
-€42,420
Other debts
+€606,834
Investment (derived)
-€16,170
Investment in fixed assets (net)
-€16,170
Financing
+€1,418
Short-term financial debts
+€1,418
Cash 2025
€898
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €648,696 | €735,151 | +€86,455 | +13.3% |
| Fixed assets | 21/28 | €125,459 | €111,533 | -€13,926 | -11.1% |
| Intangible fixed assets | 21 | €78,163 | €58,447 | -€19,715 | -25.2% |
| Tangible fixed assets | 22/27 | €47,296 | €53,086 | +€5,790 | +12.2% |
| Land and buildings | 22 | - | €5,325 | +€5,325 | |
| Plant, machinery and equipment | 23 | €31,248 | €31,336 | +€87 | +0.3% |
| Furniture and vehicles | 24 | €14,154 | €15,055 | +€901 | +6.4% |
| Other tangible fixed assets | 26 | €1,894 | €1,370 | -€523 | -27.6% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €523,237 | €623,618 | +€100,381 | +19.2% |
| Stocks and contracts in progress | 3 | €424,527 | €512,525 | +€87,998 | +20.7% |
| Stocks | 30/36 | €424,527 | €512,525 | +€87,998 | +20.7% |
| Amounts receivable within one year | 40/41 | €93,274 | €97,443 | +€4,169 | +4.5% |
| Trade receivables | 40 | €75,868 | €3,007 | -€72,862 | -96.0% |
| Other amounts receivable | 41 | €17,406 | €94,437 | +€77,030 | +443% |
| Cash at bank and in hand | 54/58 | €2,053 | €898 | -€1,155 | -56.3% |
| Deferred charges and accrued income | 490/1 | €3,383 | €12,752 | +€9,369 | +277% |
| Total equity and liabilities | 10/49 | €648,696 | €735,151 | +€86,455 | +13.3% |
| Equity | 10/15 | -€818,426 | -€1,206,753 | -€388,327 | -47.4% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€833,426 | -€1,221,753 | -€388,327 | -46.6% |
| Amounts payable | 17/49 | €1,467,122 | €1,941,905 | +€474,782 | +32.4% |
| Amounts payable within one year | 42/48 | €1,466,422 | €1,941,905 | +€475,482 | +32.4% |
| Financial debts | 43 | - | €1,418 | +€1,418 | |
| Credit institutions | 430/8 | - | €1,418 | +€1,418 | |
| Trade debts | 44 | €128,027 | €36,669 | -€91,358 | -71.4% |
| Suppliers | 440/4 | €128,027 | €36,669 | -€91,358 | -71.4% |
| Advances received on contracts in progress | 46 | €42,420 | €0 | -€42,420 | -100% |
| Taxes, remuneration and social security | 45 | €21,151 | €22,160 | +€1,009 | +4.8% |
| Taxes | 450/3 | €2,800 | €4,297 | +€1,497 | +53.5% |
| Remuneration and social security | 454/9 | €18,352 | €17,863 | -€488 | -2.7% |
| Other amounts payable | 47/48 | €1,274,824 | €1,881,658 | +€606,834 | +47.6% |
| Accrued charges and deferred income | 492/3 | €700 | €0 | -€700 | -100% |
| Remuneration, social security and pensions | 62 | €131,563 | €159,302 | +€27,739 | +21.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,754 | €30,096 | +€8,342 | +38.3% |
| Other operating charges | 640/8 | €684 | €1,239 | +€555 | +81.2% |
| Gross operating margin | 9900 | -€111,846 | -€196,991 | -€85,146 | -76.1% |
| Operating profit (loss) | 9901 | -€265,847 | -€387,628 | -€121,781 | -45.8% |
| Financial income | 75/76B | €10,797 | €3,745 | -€7,052 | -65.3% |
| Recurring financial income | 75 | €10,797 | €3,745 | -€7,052 | -65.3% |
| Financial charges | 65/66B | €2,953 | €4,444 | +€1,491 | +50.5% |
| Recurring financial charges | 65 | €2,953 | €4,444 | +€1,491 | +50.5% |
| Profit (loss) for the period before taxes | 9903 | -€258,003 | -€388,327 | -€130,324 | -50.5% |
| Profit (loss) for the period | 9904 | -€258,003 | -€388,327 | -€130,324 | -50.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€258,003 | -€388,327 | -€130,324 | -50.5% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.