AMAC: 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.
AMAC
Largest movements
- Cash +€119,826
up €119,826 (+38.8%), from €308,504 to €428,330
mainly Other debts (+€135,372) and Net result for the year (+€114,734)
- Deferred charges and accrued income +€30,402
up €30,402 (+18,520%), from €164 to €30,566
- Receivables within one year -€26,829
down €26,829 (-100%), from €26,829 to €0
of which Other amounts receivable: -€14,829
- Tangible fixed assets +€12,508
up €12,508 (+122%), from €10,269 to €22,777
of which Other tangible fixed assets: +€12,291
- Other debts +€135,372
up €135,372 (+15,602%), from €868 to €136,239
- Short-term financial debts -€11,813
down €11,813 (-100%), from €11,813 to €0
- Tax, wage and social debts +€8,399
up €8,399 (+1,866%), from €450 to €8,849
- Gross operating margin -€35,589
down €35,589 (-33.0%), from €107,787 to €72,198
- Financial income +€24,153
up €24,153 (+43.0%), from €56,161 to €80,314
- Taxes -€9,843
down €9,843 (-23.8%), from €41,287 to €31,444
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 | €605,066 | €740,974 | +€135,907 | +22.5% |
| Fixed assets | 21/28 | €19,569 | €32,077 | +€12,508 | +63.9% |
| Tangible fixed assets | 22/27 | €10,269 | €22,777 | +€12,508 | +122% |
| Plant, machinery and equipment | 23 | €1,828 | €900 | -€928 | -50.8% |
| Furniture and vehicles | 24 | €8,441 | €9,586 | +€1,145 | +13.6% |
| Other tangible fixed assets | 26 | - | €12,291 | +€12,291 | |
| Financial fixed assets | 28 | €9,300 | €9,300 | = | 0.0% |
| Current assets | 29/58 | €585,497 | €708,897 | +€123,399 | +21.1% |
| Amounts receivable within one year | 40/41 | €26,829 | €0 | -€26,829 | -100% |
| Trade receivables | 40 | €12,000 | €0 | -€12,000 | -100% |
| Other amounts receivable | 41 | €14,829 | €0 | -€14,829 | -100% |
| Current investments | 50/53 | €250,000 | €250,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €308,504 | €428,330 | +€119,826 | +38.8% |
| Deferred charges and accrued income | 490/1 | €164 | €30,566 | +€30,402 | +18,520% |
| Total equity and liabilities | 10/49 | €605,066 | €740,974 | +€135,907 | +22.5% |
| Equity | 10/15 | €590,960 | €594,870 | +€3,910 | +0.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €572,360 | €576,270 | +€3,910 | +0.7% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €570,500 | €576,270 | +€5,770 | +1.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €14,106 | €146,104 | +€131,998 | +936% |
| Amounts payable within one year | 42/48 | €14,106 | €146,104 | +€131,998 | +936% |
| Financial debts | 43 | €11,813 | €0 | -€11,813 | -100% |
| Other loans | 439 | €11,813 | €0 | -€11,813 | -100% |
| Trade debts | 44 | €976 | €1,016 | +€40 | +4.1% |
| Suppliers | 440/4 | €976 | €1,016 | +€40 | +4.1% |
| Taxes, remuneration and social security | 45 | €450 | €8,849 | +€8,399 | +1,866% |
| Taxes | 450/3 | €450 | €8,849 | +€8,399 | +1,866% |
| Other amounts payable | 47/48 | €868 | €136,239 | +€135,372 | +15,602% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,271 | €4,855 | +€583 | +13.7% |
| Other operating charges | 640/8 | €1,157 | €999 | -€157 | -13.6% |
| Gross operating margin | 9900 | €107,787 | €72,198 | -€35,589 | -33.0% |
| Operating profit (loss) | 9901 | €102,359 | €66,344 | -€36,015 | -35.2% |
| Financial income | 75/76B | €56,161 | €80,314 | +€24,153 | +43.0% |
| Recurring financial income | 75 | €56,161 | €80,314 | +€24,153 | +43.0% |
| Financial charges | 65/66B | €679 | €480 | -€199 | -29.3% |
| Recurring financial charges | 65 | €679 | €480 | -€199 | -29.3% |
| Profit (loss) for the period before taxes | 9903 | €157,841 | €146,178 | -€11,663 | -7.4% |
| Income taxes | 67/77 | €41,287 | €31,444 | -€9,843 | -23.8% |
| Profit (loss) for the period | 9904 | €116,554 | €114,734 | -€1,820 | -1.6% |
| Profit (loss) for the period to be appropriated | 9905 | €116,554 | €114,734 | -€1,820 | -1.6% |
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 17 October 2026 via checked.be.