Dr. Hans Antonneau: what changed
Dr. Hans Antonneau
Largest movements
- Cash -€38,374
down €38,374 (-39.6%), from €97,009 to €58,635
mainly Contributions, distributions and other (-€52,953) and Deferred charges and accrued income (-€15,200)
- Deferred charges and accrued income +€15,200
up €15,200 (+1,010%), from €1,505 to €16,705
- Current investments +€10,643
up €10,643 (+13.0%), from €81,893 to €92,536
- Tangible fixed assets +€2,386
up €2,386 (+47.8%), from €4,987 to €7,372
of which Furniture and vehicles: +€1,355
- Reserves -€52,953
down €52,953 (-57.1%), from €92,753 to €39,800
- Profit (loss) carried forward +€44,125
up €44,125 (+76.1%), from €57,994 to €102,119
- Tax, wage and social debts +€5,239
up €5,239 (+48.8%), from €10,731 to €15,969
- Trade debts -€3,744
down €3,744 (-69.9%), from €5,356 to €1,613
- Other debts -€2,555
down €2,555 (-64.3%), from €3,972 to €1,417
- Gross operating margin +€21,622
up €21,622 (+48.9%), from €44,207 to €65,828
- Taxes +€6,145
up €6,145 (+46.4%), from €13,231 to €19,376
- Financial income +€3,426
up €3,426 (+173,886%), from €2 to €3,428
- Financial charges +€1,403
up €1,403 (+284%), from €493 to €1,897
- Depreciation +€1,331
up €1,331 (+79.8%), from €1,668 to €2,999
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €185,393 | €175,248 | -€10,145 | -5.5% |
| Fixed assets | 21/28 | €4,987 | €7,372 | +€2,386 | +47.8% |
| Tangible fixed assets | 22/27 | €4,987 | €7,372 | +€2,386 | +47.8% |
| Plant, machinery and equipment | 23 | €773 | €1,804 | +€1,030 | +133% |
| Furniture and vehicles | 24 | €4,214 | €5,569 | +€1,355 | +32.2% |
| Current assets | 29/58 | €180,406 | €167,875 | -€12,531 | -6.9% |
| Current investments | 50/53 | €81,893 | €92,536 | +€10,643 | +13.0% |
| Cash at bank and in hand | 54/58 | €97,009 | €58,635 | -€38,374 | -39.6% |
| Deferred charges and accrued income | 490/1 | €1,505 | €16,705 | +€15,200 | +1,010% |
| Total equity and liabilities | 10/49 | €185,393 | €175,248 | -€10,145 | -5.5% |
| Equity | 10/15 | €163,147 | €154,319 | -€8,828 | -5.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €92,753 | €39,800 | -€52,953 | -57.1% |
| Distributable reserves | 133 | €92,753 | €39,800 | -€52,953 | -57.1% |
| Profit (loss) carried forward | 14 | €57,994 | €102,119 | +€44,125 | +76.1% |
| Amounts payable | 17/49 | €22,246 | €20,929 | -€1,317 | -5.9% |
| Amounts payable within one year | 42/48 | €22,246 | €20,929 | -€1,317 | -5.9% |
| Current portion of amounts payable after more than one year | 42 | €1,939 | €1,930 | -€9 | -0.5% |
| Financial debts | 43 | €248 | €0 | -€248 | -100% |
| Credit institutions | 430/8 | €248 | €0 | -€248 | -100% |
| Trade debts | 44 | €5,356 | €1,613 | -€3,744 | -69.9% |
| Suppliers | 440/4 | €5,356 | €1,613 | -€3,744 | -69.9% |
| Taxes, remuneration and social security | 45 | €10,731 | €15,969 | +€5,239 | +48.8% |
| Taxes | 450/3 | €10,731 | €15,969 | +€5,239 | +48.8% |
| Other amounts payable | 47/48 | €3,972 | €1,417 | -€2,555 | -64.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,668 | €2,999 | +€1,331 | +79.8% |
| Other operating charges | 640/8 | €782 | €860 | +€78 | +10.0% |
| Gross operating margin | 9900 | €44,207 | €65,828 | +€21,622 | +48.9% |
| Operating profit (loss) | 9901 | €41,757 | €61,970 | +€20,213 | +48.4% |
| Financial income | 75/76B | €2 | €3,428 | +€3,426 | +173,886% |
| Recurring financial income | 75 | €2 | €3,428 | +€3,426 | +173,886% |
| Financial charges | 65/66B | €493 | €1,897 | +€1,403 | +284% |
| Recurring financial charges | 65 | €493 | €1,897 | +€1,403 | +284% |
| Profit (loss) for the period before taxes | 9903 | €41,266 | €63,501 | +€22,235 | +53.9% |
| Income taxes | 67/77 | €13,231 | €19,376 | +€6,145 | +46.4% |
| Profit (loss) for the period | 9904 | €28,035 | €44,125 | +€16,090 | +57.4% |
| Profit (loss) for the period to be appropriated | 9905 | €28,035 | €44,125 | +€16,090 | +57.4% |
Next steps
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 5 November 2026 via checked.be.