SLAGERIJ ANTOINE: 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.
SLAGERIJ ANTOINE
Largest movements
- Tangible fixed assets +€320,498
up €320,498 (+119%), from €269,040 to €589,538
of which Land and buildings: +€344,538
- Cash -€57,476
down €57,476 (-24.4%), from €235,899 to €178,423
mainly Investment in fixed assets (net) (-€388,632) and Contributions, distributions and other (-€240,000)
- Debts after one year +€265,687
up €265,687 (+163%), from €162,762 to €428,450
- Reserves -€240,000
down €240,000 (-98.7%), from €243,175 to €3,175
- Other debts +€184,948
up €184,948 (+496%), from €37,291 to €222,239
- Profit (loss) carried forward +€35,113
new in 2025: €35,113
- Trade debts +€17,940
up €17,940 (+65.1%), from €27,552 to €45,492
- Depreciation +€31,223
up €31,223 (+74.9%), from €41,711 to €72,934
- Staff costs +€22,995
up €22,995 (+67.4%), from €34,102 to €57,097
- Gross operating margin +€21,620
up €21,620 (+13.4%), from €161,828 to €183,448
- Taxes -€13,085
down €13,085 (-82.7%), from €15,814 to €2,729
- Financial charges +€6,475
up €6,475 (+86.0%), from €7,527 to €14,002
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 | €525,812 | €790,246 | +€264,434 | +50.3% |
| Fixed assets | 21/28 | €273,840 | €589,538 | +€315,698 | +115% |
| Intangible fixed assets | 21 | €4,800 | - | -€4,800 | |
| Tangible fixed assets | 22/27 | €269,040 | €589,538 | +€320,498 | +119% |
| Land and buildings | 22 | €193,873 | €538,411 | +€344,538 | +178% |
| Plant, machinery and equipment | 23 | €29,683 | €19,753 | -€9,929 | -33.5% |
| Furniture and vehicles | 24 | €45,484 | €31,373 | -€14,111 | -31.0% |
| Current assets | 29/58 | €251,973 | €200,708 | -€51,264 | -20.3% |
| Stocks and contracts in progress | 3 | €10,000 | €8,068 | -€1,932 | -19.3% |
| Stocks | 30/36 | €10,000 | €8,068 | -€1,932 | -19.3% |
| Amounts receivable within one year | 40/41 | €4,905 | €11,516 | +€6,611 | +135% |
| Trade receivables | 40 | €1,321 | €1,009 | -€312 | -23.6% |
| Other amounts receivable | 41 | €3,585 | €10,508 | +€6,923 | +193% |
| Cash at bank and in hand | 54/58 | €235,899 | €178,423 | -€57,476 | -24.4% |
| Deferred charges and accrued income | 490/1 | €1,168 | €2,701 | +€1,533 | +131% |
| Total equity and liabilities | 10/49 | €525,812 | €790,246 | +€264,434 | +50.3% |
| Equity | 10/15 | €263,175 | €58,288 | -€204,887 | -77.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €243,175 | €3,175 | -€240,000 | -98.7% |
| Distributable reserves | 133 | €243,175 | €3,175 | -€240,000 | -98.7% |
| Profit (loss) carried forward | 14 | - | €35,113 | +€35,113 | |
| Amounts payable | 17/49 | €262,638 | €731,958 | +€469,321 | +179% |
| Amounts payable after more than one year | 17 | €162,762 | €428,450 | +€265,687 | +163% |
| Financial debts | 170/4 | €162,762 | €428,450 | +€265,687 | +163% |
| Amounts payable within one year | 42/48 | €99,875 | €303,309 | +€203,433 | +204% |
| Current portion of amounts payable after more than one year | 42 | €8,995 | €23,087 | +€14,092 | +157% |
| Financial debts | 43 | €15,000 | - | -€15,000 | |
| Other loans | 439 | €15,000 | - | -€15,000 | |
| Trade debts | 44 | €27,552 | €45,492 | +€17,940 | +65.1% |
| Suppliers | 440/4 | €27,552 | €45,492 | +€17,940 | +65.1% |
| Taxes, remuneration and social security | 45 | €11,037 | €12,491 | +€1,453 | +13.2% |
| Taxes | 450/3 | €6,370 | €1,639 | -€4,732 | -74.3% |
| Remuneration and social security | 454/9 | €4,667 | €10,852 | +€6,185 | +133% |
| Other amounts payable | 47/48 | €37,291 | €222,239 | +€184,948 | +496% |
| Accrued charges and deferred income | 492/3 | - | €200 | +€200 | |
| Remuneration, social security and pensions | 62 | €34,102 | €57,097 | +€22,995 | +67.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,711 | €72,934 | +€31,223 | +74.9% |
| Other operating charges | 640/8 | €1,399 | €2,387 | +€988 | +70.7% |
| Gross operating margin | 9900 | €161,828 | €183,448 | +€21,620 | +13.4% |
| Operating profit (loss) | 9901 | €84,616 | €51,030 | -€33,586 | -39.7% |
| Financial income | 75/76B | €185 | €815 | +€630 | +341% |
| Recurring financial income | 75 | €185 | €815 | +€630 | +341% |
| Financial charges | 65/66B | €7,527 | €14,002 | +€6,475 | +86.0% |
| Recurring financial charges | 65 | €7,527 | €14,002 | +€6,475 | +86.0% |
| Profit (loss) for the period before taxes | 9903 | €77,273 | €37,842 | -€39,431 | -51.0% |
| Income taxes | 67/77 | €15,814 | €2,729 | -€13,085 | -82.7% |
| Profit (loss) for the period | 9904 | €61,460 | €35,113 | -€26,347 | -42.9% |
| Profit (loss) for the period to be appropriated | 9905 | €61,460 | €35,113 | -€26,347 | -42.9% |
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 28 October 2026 via checked.be.