VAN ANTWERPEN & PARTNERS: 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.
VAN ANTWERPEN & PARTNERS
Largest movements
- Cash +€11,861
up €11,861 (+9.1%), from €130,051 to €141,913
mainly Net result for the year (+€33,853) and Depreciation (+€12,652)
- Tangible fixed assets +€9,833
up €9,833 (+24.1%), from €40,822 to €50,655
of which Plant, machinery and equipment: +€5,694
- Receivables within one year +€6,791
up €6,791 (+11.5%), from €58,854 to €65,645
of which Trade receivables: +€11,845
- Deferred charges and accrued income +€3,757
up €3,757 (+22.5%), from €16,667 to €20,424
- Reserves +€33,853
up €33,853 (+34.0%), from €99,589 to €133,441
of which Distributable reserves: +€33,853
- Other debts -€9,490
down €9,490 (-100%), from €9,490 to €0
- Tax, wage and social debts +€5,441
up €5,441 (+228%), from €2,389 to €7,829
- Gross operating margin +€30,807
up €30,807 (+87.2%), from €35,341 to €66,148
- Taxes +€7,447
up €7,447 (+55.0%), from €13,532 to €20,979
- Depreciation +€3,774
up €3,774 (+42.5%), from €8,877 to €12,652
- Financial charges -€1,937
down €1,937 (-87.1%), from €2,224 to €287
- Other operating charges +€1,170
up €1,170 (+232%), from €505 to €1,675
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 | €246,434 | €278,677 | +€32,243 | +13.1% |
| Fixed assets | 21/28 | €40,862 | €50,695 | +€9,833 | +24.1% |
| Tangible fixed assets | 22/27 | €40,822 | €50,655 | +€9,833 | +24.1% |
| Plant, machinery and equipment | 23 | €822 | €6,516 | +€5,694 | +693% |
| Furniture and vehicles | 24 | €40,000 | €44,139 | +€4,139 | +10.3% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €205,572 | €227,982 | +€22,410 | +10.9% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €58,854 | €65,645 | +€6,791 | +11.5% |
| Trade receivables | 40 | €6,920 | €18,765 | +€11,845 | +171% |
| Other amounts receivable | 41 | €51,934 | €46,880 | -€5,054 | -9.7% |
| Cash at bank and in hand | 54/58 | €130,051 | €141,913 | +€11,861 | +9.1% |
| Deferred charges and accrued income | 490/1 | €16,667 | €20,424 | +€3,757 | +22.5% |
| Total equity and liabilities | 10/49 | €246,434 | €278,677 | +€32,243 | +13.1% |
| Equity | 10/15 | €229,733 | €263,585 | +€33,853 | +14.7% |
| Contributions | 10/11 | €130,144 | €130,144 | = | 0.0% |
| Capital | 10 | €130,144 | €130,144 | = | 0.0% |
| Issued capital | 100 | €130,144 | €130,144 | = | 0.0% |
| Reserves | 13 | €99,589 | €133,441 | +€33,853 | +34.0% |
| Non-distributable reserves | 130/1 | €13,014 | €13,014 | = | 0.0% |
| Legal reserve | 130 | €13,014 | €13,014 | = | 0.0% |
| Distributable reserves | 133 | €86,574 | €120,427 | +€33,853 | +39.1% |
| Amounts payable | 17/49 | €16,701 | €15,092 | -€1,610 | -9.6% |
| Amounts payable within one year | 42/48 | €16,701 | €15,092 | -€1,610 | -9.6% |
| Trade debts | 44 | €4,823 | €7,262 | +€2,439 | +50.6% |
| Suppliers | 440/4 | €4,823 | €7,262 | +€2,439 | +50.6% |
| Taxes, remuneration and social security | 45 | €2,389 | €7,829 | +€5,441 | +228% |
| Taxes | 450/3 | €2,389 | €7,829 | +€5,441 | +228% |
| Other amounts payable | 47/48 | €9,490 | €0 | -€9,490 | -100% |
| Non-recurring operating income | 76A | €2,738 | €0 | -€2,738 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,877 | €12,652 | +€3,774 | +42.5% |
| Other operating charges | 640/8 | €505 | €1,675 | +€1,170 | +232% |
| Gross operating margin | 9900 | €35,341 | €66,148 | +€30,807 | +87.2% |
| Operating profit (loss) | 9901 | €25,959 | €51,821 | +€25,862 | +99.6% |
| Financial income | 75/76B | €3,209 | €3,298 | +€89 | +2.8% |
| Recurring financial income | 75 | €3,209 | €3,298 | +€89 | +2.8% |
| Financial charges | 65/66B | €2,224 | €287 | -€1,937 | -87.1% |
| Recurring financial charges | 65 | €2,224 | €287 | -€1,937 | -87.1% |
| Profit (loss) for the period before taxes | 9903 | €26,943 | €54,832 | +€27,889 | +104% |
| Income taxes | 67/77 | €13,532 | €20,979 | +€7,447 | +55.0% |
| Profit (loss) for the period | 9904 | €13,411 | €33,853 | +€20,441 | +152% |
| Profit (loss) for the period to be appropriated | 9905 | €13,411 | €33,853 | +€20,441 | +152% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.