S. ANTONIO: 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.
S. ANTONIO
Largest movements
- Tangible fixed assets +€70,358
new in 2025: €70,358
of which Plant, machinery and equipment: +€48,001
- Current investments +€4,659
up €4,659 (+493.2%), from €945 to €5,604
- Deferred charges and accrued income +€3,623
new in 2025: €3,623
- Stocks and contracts +€3,120
new in 2025: €3,120
- Receivables within one year +€1,324
up €1,324 (+27.4%), from €4,836 to €6,160
- Debts after one year +€59,629
new in 2025: €59,629
- Accrued charges and deferred income +€27,490
new in 2025: €27,490
- Profit (loss) carried forward -€25,418
down €25,418 (-159.2%), from -€15,965 to -€41,383
- Trade debts +€15,821
up €15,821 (+604.3%), from €2,618 to €18,439
- Tax, wage and social debts +€5,882
up €5,882 (+1099.3%), from €535 to €6,418
of which Remuneration and social security: +€5,075
- Staff costs +€16,401
new in 2025: €16,401
- Gross operating margin -€8,884
down €8,884, from €4,408 to -€4,476
- Depreciation +€3,239
new in 2025: €3,239
- Financial charges +€1,233
up €1,233 (+1795.1%), from €69 to €1,302
- Other operating charges -€1,108
no longer reported in 2025 (was €1,108)
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,781 | €89,185 | +€83,405 | +1442.8% |
| Fixed assets | 21/28 | - | €70,678 | +€70,678 | |
| Tangible fixed assets | 22/27 | - | €70,358 | +€70,358 | |
| Plant, machinery and equipment | 23 | - | €48,001 | +€48,001 | |
| Other tangible fixed assets | 26 | - | €22,357 | +€22,357 | |
| Financial fixed assets | 28 | - | €320 | +€320 | |
| Current assets | 29/58 | €5,781 | €18,507 | +€12,726 | +220.2% |
| Stocks and contracts in progress | 3 | - | €3,120 | +€3,120 | |
| Stocks | 30/36 | - | €3,120 | +€3,120 | |
| Amounts receivable within one year | 40/41 | €4,836 | €6,160 | +€1,324 | +27.4% |
| Other amounts receivable | 41 | €4,836 | €6,160 | +€1,324 | +27.4% |
| Current investments | 50/53 | €945 | €5,604 | +€4,659 | +493.2% |
| Deferred charges and accrued income | 490/1 | - | €3,623 | +€3,623 | |
| Total equity and liabilities | 10/49 | €5,781 | €89,185 | +€83,405 | +1442.8% |
| Equity | 10/15 | €2,627 | -€22,791 | -€25,418 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,965 | -€41,383 | -€25,418 | -159.2% |
| Amounts payable | 17/49 | €3,153 | €111,976 | +€108,823 | +3451.2% |
| Amounts payable after more than one year | 17 | - | €59,629 | +€59,629 | |
| Financial debts | 170/4 | - | €59,629 | +€59,629 | |
| Amounts payable within one year | 42/48 | €3,153 | €24,856 | +€21,703 | +688.3% |
| Trade debts | 44 | €2,618 | €18,439 | +€15,821 | +604.3% |
| Suppliers | 440/4 | €2,618 | €18,439 | +€15,821 | +604.3% |
| Taxes, remuneration and social security | 45 | €535 | €6,418 | +€5,882 | +1099.3% |
| Taxes | 450/3 | €535 | €1,343 | +€808 | +150.9% |
| Remuneration and social security | 454/9 | - | €5,075 | +€5,075 | |
| Accrued charges and deferred income | 492/3 | - | €27,490 | +€27,490 | |
| Remuneration, social security and pensions | 62 | - | €16,401 | +€16,401 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,239 | +€3,239 | |
| Other operating charges | 640/8 | €1,108 | - | -€1,108 | |
| Gross operating margin | 9900 | €4,408 | -€4,476 | -€8,884 | |
| Operating profit (loss) | 9901 | €3,299 | -€24,116 | -€27,416 | |
| Financial charges | 65/66B | €69 | €1,302 | +€1,233 | +1795.1% |
| Recurring financial charges | 65 | €69 | €1,302 | +€1,233 | +1795.1% |
| Profit (loss) for the period before taxes | 9903 | €3,231 | -€25,418 | -€28,649 | |
| Income taxes | 67/77 | €360 | - | -€360 | |
| Profit (loss) for the period | 9904 | €2,870 | -€25,418 | -€28,289 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,870 | -€25,418 | -€28,289 |
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 10 October 2026 via checked.be.