Export Services 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.
Export Services Antwerp
Largest movements
- Cash -€448,762
down €448,762 (-45.2%), from €992,345 to €543,583
mainly Investment in fixed assets (net) (-€387,319) and Receivables within one year (-€241,848)
- Receivables within one year +€241,848
up €241,848 (+102%), from €238,162 to €480,010
of which Other amounts receivable: +€221,494
- Tangible fixed assets +€173,278
up €173,278 (+35.8%), from €484,659 to €657,936
of which Furniture and vehicles: +€121,948
- Stocks and contracts -€36,196
down €36,196 (-59.2%), from €61,103 to €24,907
- Trade debts -€215,914
down €215,914 (-82.8%), from €260,878 to €44,964
- Reserves +€185,226
up €185,226 (+14.3%), from €1.3m to €1.5m
of which Distributable reserves: +€185,226
- Accrued charges and deferred income +€72,176
up €72,176 (+1,247%), from €5,787 to €77,963
- Current portion of long-term debt -€61,315
down €61,315 (-50.6%), from €121,289 to €59,974
- Gross operating margin -€746,493
down €746,493 (-49.0%), from €1.5m to €776,913
- Taxes -€224,924
down €224,924 (-77.3%), from €290,888 to €65,965
- Staff costs -€76,189
down €76,189 (-22.2%), from €343,879 to €267,690
- Depreciation +€66,573
up €66,573 (+47.7%), from €139,448 to €206,021
- Write-downs -€37,789
down €37,789 (-100%), from €37,789 to €0
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 | €1,810,481 | €1,750,963 | -€59,518 | -3.3% |
| Fixed assets | 21/28 | €508,004 | €689,301 | +€181,298 | +35.7% |
| Tangible fixed assets | 22/27 | €484,659 | €657,936 | +€173,278 | +35.8% |
| Plant, machinery and equipment | 23 | €42,334 | €48,257 | +€5,923 | +14.0% |
| Furniture and vehicles | 24 | €396,996 | €518,944 | +€121,948 | +30.7% |
| Leasing and similar rights | 25 | €38,241 | €24,241 | -€14,000 | -36.6% |
| Other tangible fixed assets | 26 | €7,087 | €66,494 | +€59,407 | +838% |
| Financial fixed assets | 28 | €23,345 | €31,365 | +€8,020 | +34.4% |
| Current assets | 29/58 | €1,302,478 | €1,061,662 | -€240,816 | -18.5% |
| Stocks and contracts in progress | 3 | €61,103 | €24,907 | -€36,196 | -59.2% |
| Stocks | 30/36 | €61,103 | €24,907 | -€36,196 | -59.2% |
| Amounts receivable within one year | 40/41 | €238,162 | €480,010 | +€241,848 | +102% |
| Trade receivables | 40 | €147,631 | €167,986 | +€20,354 | +13.8% |
| Other amounts receivable | 41 | €90,531 | €312,025 | +€221,494 | +245% |
| Cash at bank and in hand | 54/58 | €992,345 | €543,583 | -€448,762 | -45.2% |
| Deferred charges and accrued income | 490/1 | €10,868 | €13,161 | +€2,293 | +21.1% |
| Total equity and liabilities | 10/49 | €1,810,481 | €1,750,963 | -€59,518 | -3.3% |
| Equity | 10/15 | €1,305,320 | €1,490,546 | +€185,226 | +14.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,292,920 | €1,478,146 | +€185,226 | +14.3% |
| Tax-exempt reserves | 132 | €16,000 | €16,000 | = | 0.0% |
| Distributable reserves | 133 | €1,276,920 | €1,462,146 | +€185,226 | +14.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €505,162 | €260,417 | -€244,745 | -48.4% |
| Amounts payable after more than one year | 17 | €40,624 | €26,839 | -€13,785 | -33.9% |
| Financial debts | 170/4 | €40,624 | €26,839 | -€13,785 | -33.9% |
| Amounts payable within one year | 42/48 | €458,751 | €155,615 | -€303,136 | -66.1% |
| Current portion of amounts payable after more than one year | 42 | €121,289 | €59,974 | -€61,315 | -50.6% |
| Trade debts | 44 | €260,878 | €44,964 | -€215,914 | -82.8% |
| Suppliers | 440/4 | €260,878 | €44,964 | -€215,914 | -82.8% |
| Taxes, remuneration and social security | 45 | €37,337 | €19,865 | -€17,472 | -46.8% |
| Taxes | 450/3 | €15,888 | €273 | -€15,615 | -98.3% |
| Remuneration and social security | 454/9 | €21,449 | €19,592 | -€1,856 | -8.7% |
| Other amounts payable | 47/48 | €39,247 | €30,812 | -€8,435 | -21.5% |
| Accrued charges and deferred income | 492/3 | €5,787 | €77,963 | +€72,176 | +1,247% |
| Remuneration, social security and pensions | 62 | €343,879 | €267,690 | -€76,189 | -22.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €139,448 | €206,021 | +€66,573 | +47.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €37,789 | €0 | -€37,789 | -100% |
| Other operating charges | 640/8 | €13,394 | €19,155 | +€5,761 | +43.0% |
| Non-recurring operating charges | 66A | €1,752 | €0 | -€1,752 | -100% |
| Gross operating margin | 9900 | €1,523,407 | €776,913 | -€746,493 | -49.0% |
| Operating profit (loss) | 9901 | €987,145 | €284,047 | -€703,098 | -71.2% |
| Financial income | 75/76B | €914 | €26 | -€888 | -97.1% |
| Recurring financial income | 75 | €914 | €26 | -€888 | -97.1% |
| Financial charges | 65/66B | €15,001 | €17,882 | +€2,881 | +19.2% |
| Recurring financial charges | 65 | €15,001 | €17,882 | +€2,881 | +19.2% |
| Profit (loss) for the period before taxes | 9903 | €973,058 | €266,191 | -€706,867 | -72.6% |
| Income taxes | 67/77 | €290,888 | €65,965 | -€224,924 | -77.3% |
| Profit (loss) for the period | 9904 | €682,170 | €200,226 | -€481,943 | -70.6% |
| Profit (loss) for the period to be appropriated | 9905 | €682,170 | €200,226 | -€481,943 | -70.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.