ANTARA: 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.
ANTARA
Largest movements
- Tangible fixed assets +€71,744
up €71,744 (+1,256%), from €5,710 to €77,454
of which Furniture and vehicles: +€69,954
- Deferred charges and accrued income +€10,240
up €10,240 (+900%), from €1,138 to €11,378
- Financial fixed assets -€10,000
no longer reported in 2025 (was €10,000)
- Cash -€7,527
down €7,527 (-5.2%), from €145,388 to €137,860
mainly Investment in fixed assets (net) (-€66,715) and Contributions, distributions and other (-€30,000)
- Receivables within one year +€3,146
up €3,146 (+47.6%), from €6,608 to €9,754
of which Other amounts receivable: +€1,634
- Debts after one year +€42,015
up €42,015 (+8,571%), from €490 to €42,505
- Other debts +€25,500
new in 2025: €25,500
- Profit (loss) carried forward -€5,884
down €5,884 (-4.4%), from €133,646 to €127,762
- Current portion of long-term debt +€4,692
up €4,692 (+81.6%), from €5,748 to €10,441
- Gross operating margin +€16,715
up €16,715 (+109%), from €15,280 to €31,995
- Financial income +€3,894
up €3,894 (+352%), from €1,106 to €5,000
- Taxes +€3,220
up €3,220 (+325%), from €992 to €4,213
- Other operating charges +€1,798
up €1,798 (+165%), from €1,089 to €2,887
- Depreciation -€555
down €555 (-10.0%), from €5,527 to €4,971
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 | €168,844 | €236,446 | +€67,602 | +40.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €15,710 | €77,454 | +€61,744 | +393% |
| Tangible fixed assets | 22/27 | €5,710 | €77,454 | +€71,744 | +1,256% |
| Plant, machinery and equipment | 23 | - | €1,789 | +€1,789 | |
| Furniture and vehicles | 24 | €5,710 | €75,664 | +€69,954 | +1,225% |
| Financial fixed assets | 28 | €10,000 | - | -€10,000 | |
| Current assets | 29/58 | €153,134 | €158,993 | +€5,859 | +3.8% |
| Amounts receivable within one year | 40/41 | €6,608 | €9,754 | +€3,146 | +47.6% |
| Trade receivables | 40 | €6,050 | €7,563 | +€1,513 | +25.0% |
| Other amounts receivable | 41 | €558 | €2,192 | +€1,634 | +293% |
| Cash at bank and in hand | 54/58 | €145,388 | €137,860 | -€7,527 | -5.2% |
| Deferred charges and accrued income | 490/1 | €1,138 | €11,378 | +€10,240 | +900% |
| Total equity and liabilities | 10/49 | €168,844 | €236,446 | +€67,602 | +40.0% |
| Equity | 10/15 | €155,646 | €149,762 | -€5,884 | -3.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €133,646 | €127,762 | -€5,884 | -4.4% |
| Amounts payable | 17/49 | €13,198 | €86,685 | +€73,487 | +557% |
| Amounts payable after more than one year | 17 | €490 | €42,505 | +€42,015 | +8,571% |
| Financial debts | 170/4 | €490 | €42,505 | +€42,015 | +8,571% |
| Amounts payable within one year | 42/48 | €12,708 | €44,180 | +€31,472 | +248% |
| Current portion of amounts payable after more than one year | 42 | €5,748 | €10,441 | +€4,692 | +81.6% |
| Trade debts | 44 | €893 | €1,657 | +€764 | +85.5% |
| Suppliers | 440/4 | €893 | €1,657 | +€764 | +85.5% |
| Taxes, remuneration and social security | 45 | €6,066 | €6,583 | +€516 | +8.5% |
| Taxes | 450/3 | €4,534 | €6,583 | +€2,049 | +45.2% |
| Remuneration and social security | 454/9 | €1,533 | - | -€1,533 | |
| Other amounts payable | 47/48 | - | €25,500 | +€25,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,527 | €4,971 | -€555 | -10.0% |
| Other operating charges | 640/8 | €1,089 | €2,887 | +€1,798 | +165% |
| Gross operating margin | 9900 | €15,280 | €31,995 | +€16,715 | +109% |
| Operating profit (loss) | 9901 | €8,664 | €24,136 | +€15,472 | +179% |
| Financial income | 75/76B | €1,106 | €5,000 | +€3,894 | +352% |
| Recurring financial income | 75 | €1,106 | €5,000 | +€3,894 | +352% |
| Financial charges | 65/66B | €400 | €808 | +€408 | +102% |
| Recurring financial charges | 65 | €400 | €808 | +€408 | +102% |
| Profit (loss) for the period before taxes | 9903 | €9,370 | €28,328 | +€18,958 | +202% |
| Income taxes | 67/77 | €992 | €4,213 | +€3,220 | +325% |
| Profit (loss) for the period | 9904 | €8,378 | €24,116 | +€15,738 | +188% |
| Profit (loss) for the period to be appropriated | 9905 | €8,378 | €24,116 | +€15,738 | +188% |
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 21 October 2026 via checked.be.