L'ANTENNE: 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.
L'ANTENNE
Largest movements
- Receivables within one year -€6,503
down €6,503 (-14.5%), from €44,893 to €38,390
of which Other amounts receivable: -€7,196
- Cash -€1,688
down €1,688 (-26.5%), from €6,366 to €4,679
mainly Net result for the year (-€11,720) and Tax, wage and social debts (-€4,715)
- Deferred charges and accrued income -€1,516
no longer reported in 2025 (was €1,516)
- Stocks and contracts +€1,102
up €1,102 (+20.1%), from €5,495 to €6,597
- Profit (loss) carried forward -€11,720
down €11,720 (-45.7%), from €25,630 to €13,910
- Trade debts +€9,200
up €9,200 (+258%), from €3,563 to €12,763
- Tax, wage and social debts -€4,715
down €4,715 (-24.5%), from €19,278 to €14,563
- Current portion of long-term debt -€1,500
down €1,500 (-50.0%), from €3,000 to €1,500
- Gross operating margin -€31,339
down €31,339 (-87.8%), from €35,700 to €4,361
- Taxes -€10,128
no longer reported in 2025 (was €10,128)
- Financial charges +€6,619
up €6,619 (+586%), from €1,129 to €7,748
- Depreciation +€2,043
up €2,043 (+211%), from €970 to €3,013
- Financial income -€877
down €877 (-27.2%), from €3,224 to €2,348
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 | €72,247 | €63,408 | -€8,839 | -12.2% |
| Fixed assets | 21/28 | €13,976 | €13,743 | -€233 | -1.7% |
| Tangible fixed assets | 22/27 | €11,480 | €11,247 | -€233 | -2.0% |
| Furniture and vehicles | 24 | €2,001 | €1,529 | -€471 | -23.6% |
| Other tangible fixed assets | 26 | €9,479 | €9,717 | +€238 | +2.5% |
| Financial fixed assets | 28 | €2,497 | €2,497 | = | 0.0% |
| Current assets | 29/58 | €58,271 | €49,665 | -€8,606 | -14.8% |
| Stocks and contracts in progress | 3 | €5,495 | €6,597 | +€1,102 | +20.1% |
| Stocks | 30/36 | €5,495 | €6,597 | +€1,102 | +20.1% |
| Amounts receivable within one year | 40/41 | €44,893 | €38,390 | -€6,503 | -14.5% |
| Trade receivables | 40 | €2,498 | €3,191 | +€693 | +27.7% |
| Other amounts receivable | 41 | €42,395 | €35,199 | -€7,196 | -17.0% |
| Cash at bank and in hand | 54/58 | €6,366 | €4,679 | -€1,688 | -26.5% |
| Deferred charges and accrued income | 490/1 | €1,516 | - | -€1,516 | |
| Total equity and liabilities | 10/49 | €72,247 | €63,408 | -€8,839 | -12.2% |
| Equity | 10/15 | €46,090 | €34,370 | -€11,720 | -25.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,630 | €13,910 | -€11,720 | -45.7% |
| Amounts payable | 17/49 | €26,157 | €29,039 | +€2,882 | +11.0% |
| Amounts payable within one year | 42/48 | €25,979 | €28,964 | +€2,985 | +11.5% |
| Current portion of amounts payable after more than one year | 42 | €3,000 | €1,500 | -€1,500 | -50.0% |
| Trade debts | 44 | €3,563 | €12,763 | +€9,200 | +258% |
| Suppliers | 440/4 | €3,563 | €12,763 | +€9,200 | +258% |
| Taxes, remuneration and social security | 45 | €19,278 | €14,563 | -€4,715 | -24.5% |
| Taxes | 450/3 | €19,278 | €14,563 | -€4,715 | -24.5% |
| Other amounts payable | 47/48 | €138 | €138 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €178 | €75 | -€103 | -58.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €970 | €3,013 | +€2,043 | +211% |
| Other operating charges | 640/8 | €4,742 | €4,430 | -€312 | -6.6% |
| Non-recurring operating charges | 66A | - | €3,238 | +€3,238 | |
| Gross operating margin | 9900 | €35,700 | €4,361 | -€31,339 | -87.8% |
| Operating profit (loss) | 9901 | €29,988 | -€6,320 | -€36,307 | |
| Financial income | 75/76B | €3,224 | €2,348 | -€877 | -27.2% |
| Recurring financial income | 75 | €3,224 | €2,348 | -€877 | -27.2% |
| Financial charges | 65/66B | €1,129 | €7,748 | +€6,619 | +586% |
| Recurring financial charges | 65 | €1,129 | €7,748 | +€6,619 | +586% |
| Profit (loss) for the period before taxes | 9903 | €32,083 | -€11,720 | -€43,804 | |
| Income taxes | 67/77 | €10,128 | - | -€10,128 | |
| Profit (loss) for the period | 9904 | €21,955 | -€11,720 | -€33,675 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,955 | -€11,720 | -€33,675 |
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 19 October 2026 via checked.be.