ANTWERPTELECOM: 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.
ANTWERPTELECOM
Largest movements
- Tangible fixed assets +€57,185
up €57,185 (+82352.3%), from €69 to €57,255
- Cash -€8,164
down €8,164 (-78.5%), from €10,402 to €2,238
mainly Investment in fixed assets (net) (-€58,026) and Stocks and contracts (-€2,106)
- Receivables within one year -€6,057
down €6,057 (-25.3%), from €23,917 to €17,860
of which Other amounts receivable: -€6,812
- Stocks and contracts +€2,106
up €2,106 (+23.4%), from €9,004 to €11,110
- Debts after one year +€32,739
new in 2025: €32,739
- Current portion of long-term debt +€9,290
new in 2025: €9,290
- Trade debts +€2,371
up €2,371 (+46.9%), from €5,061 to €7,432
- Turnover -€37,823
down €37,823 (-19.0%), from €199,333 to €161,510
- Purchases and services -€32,844
down €32,844 (-23.6%), from €139,439 to €106,595
- Gross operating margin -€4,999
down €4,999 (-8.3%), from €59,931 to €54,932
- Staff costs -€2,838
down €2,838 (-5.3%), from €53,590 to €50,752
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
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 | €51,792 | €96,863 | +€45,071 | +87.0% |
| Fixed assets | 21/28 | €8,469 | €65,655 | +€57,185 | +675.2% |
| Tangible fixed assets | 22/27 | €69 | €57,255 | +€57,185 | +82352.3% |
| Furniture and vehicles | 24 | €69 | €57,255 | +€57,185 | +82352.3% |
| Financial fixed assets | 28 | €8,400 | €8,400 | = | 0.0% |
| Current assets | 29/58 | €43,323 | €31,208 | -€12,114 | -28.0% |
| Stocks and contracts in progress | 3 | €9,004 | €11,110 | +€2,106 | +23.4% |
| Stocks | 30/36 | €9,004 | €11,110 | +€2,106 | +23.4% |
| Amounts receivable within one year | 40/41 | €23,917 | €17,860 | -€6,057 | -25.3% |
| Trade receivables | 40 | - | €756 | +€756 | |
| Other amounts receivable | 41 | €23,917 | €17,105 | -€6,812 | -28.5% |
| Cash at bank and in hand | 54/58 | €10,402 | €2,238 | -€8,164 | -78.5% |
| Total equity and liabilities | 10/49 | €51,792 | €96,863 | +€45,071 | +87.0% |
| Equity | 10/15 | €35,174 | €35,740 | +€566 | +1.6% |
| Contributions | 10/11 | €14,600 | €14,600 | = | 0.0% |
| Reserves | 13 | €616 | €616 | = | 0.0% |
| Non-distributable reserves | 130/1 | €616 | €616 | = | 0.0% |
| Reserves not available under the articles | 1311 | €616 | €616 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,958 | €20,524 | +€566 | +2.8% |
| Amounts payable | 17/49 | €16,618 | €61,123 | +€44,505 | +267.8% |
| Amounts payable after more than one year | 17 | - | €32,739 | +€32,739 | |
| Financial debts | 170/4 | - | €32,739 | +€32,739 | |
| Amounts payable within one year | 42/48 | €16,618 | €28,384 | +€11,766 | +70.8% |
| Current portion of amounts payable after more than one year | 42 | - | €9,290 | +€9,290 | |
| Trade debts | 44 | €5,061 | €7,432 | +€2,371 | +46.9% |
| Suppliers | 440/4 | €5,061 | €7,432 | +€2,371 | +46.9% |
| Taxes, remuneration and social security | 45 | €9,558 | €9,663 | +€105 | +1.1% |
| Taxes | 450/3 | €9,558 | €5,748 | -€3,810 | -39.9% |
| Remuneration and social security | 454/9 | - | €3,915 | +€3,915 | |
| Other amounts payable | 47/48 | €2,000 | €2,000 | = | 0.0% |
| Turnover | 70 | €199,333 | €161,510 | -€37,823 | -19.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €139,439 | €106,595 | -€32,844 | -23.6% |
| Remuneration, social security and pensions | 62 | €53,590 | €50,752 | -€2,838 | -5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €841 | +€841 | |
| Other operating charges | 640/8 | €711 | €520 | -€191 | -26.9% |
| Gross operating margin | 9900 | €59,931 | €54,932 | -€4,999 | -8.3% |
| Operating profit (loss) | 9901 | €5,630 | €2,820 | -€2,810 | -49.9% |
| Financial charges | 65/66B | €1,301 | €1,983 | +€682 | +52.4% |
| Recurring financial charges | 65 | €1,301 | €1,983 | +€682 | +52.4% |
| Profit (loss) for the period before taxes | 9903 | €4,328 | €837 | -€3,491 | -80.7% |
| Income taxes | 67/77 | €1,000 | €271 | -€729 | -72.9% |
| Profit (loss) for the period | 9904 | €3,328 | €566 | -€2,762 | -83.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,328 | €566 | -€2,762 | -83.0% |
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 12 October 2026 via checked.be.