AMADEUS: what changed
Two fiscal 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.
AMADEUS
Largest movements
- Current investments -€800,000
no longer reported in 2025 (was €800,000)
- Cash +€635,394
up €635,394 (+156.6%), from €405,658 to €1.0m
mainly Current investments (+€800,000) and Net result for the year (+€246,849)
- Tangible fixed assets -€247,600
down €247,600 (-61.2%), from €404,389 to €156,789
of which Land and buildings: -€263,519
- Receivables within one year +€116,165
up €116,165 (+134.9%), from €86,103 to €202,268
of which Trade receivables: +€117,125
- Trade debts -€242,598
down €242,598 (-69.5%), from €349,249 to €106,651
- Other debts -€177,898
down €177,898 (-99.6%), from €178,658 to €760
- Profit (loss) carried forward +€112,653
up €112,653 (+10.9%), from €1.0m to €1.1m
- Financial income +€324,872
up €324,872 (+6292.2%), from €5,163 to €330,035
of which Non-recurring financial income: +€306,481
- Staff costs +€206,736
up €206,736 (+8.1%), from €2.6m to €2.8m
- Gross operating margin -€90,607
down €90,607 (-3.2%), from €2.9m to €2.8m
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 | €2,066,151 | €1,770,110 | -€296,041 | -14.3% |
| Fixed assets | 21/28 | €774,389 | €526,789 | -€247,600 | -32.0% |
| Tangible fixed assets | 22/27 | €404,389 | €156,789 | -€247,600 | -61.2% |
| Land and buildings | 22 | €403,519 | €140,000 | -€263,519 | -65.3% |
| Plant, machinery and equipment | 23 | €870 | €270 | -€600 | -69.0% |
| Furniture and vehicles | 24 | - | €16,519 | +€16,519 | |
| Financial fixed assets | 28 | €370,000 | €370,000 | = | 0.0% |
| Current assets | 29/58 | €1,291,762 | €1,243,321 | -€48,441 | -3.7% |
| Amounts receivable within one year | 40/41 | €86,103 | €202,268 | +€116,165 | +134.9% |
| Trade receivables | 40 | €15,643 | €132,768 | +€117,125 | +748.7% |
| Other amounts receivable | 41 | €70,460 | €69,500 | -€960 | -1.4% |
| Current investments | 50/53 | €800,000 | - | -€800,000 | |
| Cash at bank and in hand | 54/58 | €405,658 | €1,041,053 | +€635,394 | +156.6% |
| Total equity and liabilities | 10/49 | €2,066,151 | €1,770,110 | -€296,041 | -14.3% |
| Equity | 10/15 | €1,102,132 | €1,214,785 | +€112,653 | +10.2% |
| Contributions | 10/11 | €61,986 | €61,986 | = | 0.0% |
| Capital | 10 | €61,986 | €61,986 | = | 0.0% |
| Issued capital | 100 | €61,986 | €61,986 | = | 0.0% |
| Reserves | 13 | €6,199 | €6,199 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,199 | €6,199 | = | 0.0% |
| Legal reserve | 130 | €6,199 | €6,199 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,033,948 | €1,146,601 | +€112,653 | +10.9% |
| Amounts payable | 17/49 | €964,018 | €555,324 | -€408,694 | -42.4% |
| Amounts payable within one year | 42/48 | €964,018 | €555,324 | -€408,694 | -42.4% |
| Trade debts | 44 | €349,249 | €106,651 | -€242,598 | -69.5% |
| Suppliers | 440/4 | €349,249 | €106,651 | -€242,598 | -69.5% |
| Taxes, remuneration and social security | 45 | €436,111 | €447,914 | +€11,802 | +2.7% |
| Taxes | 450/3 | €111,253 | €113,587 | +€2,334 | +2.1% |
| Remuneration and social security | 454/9 | €324,859 | €334,327 | +€9,468 | +2.9% |
| Other amounts payable | 47/48 | €178,658 | €760 | -€177,898 | -99.6% |
| Remuneration, social security and pensions | 62 | €2,558,170 | €2,764,905 | +€206,736 | +8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,408 | €1,081 | -€11,326 | -91.3% |
| Other operating charges | 640/8 | €6,945 | €4,662 | -€2,283 | -32.9% |
| Non-recurring operating charges | 66A | €27,900 | - | -€27,900 | |
| Gross operating margin | 9900 | €2,864,969 | €2,774,362 | -€90,607 | -3.2% |
| Operating profit (loss) | 9901 | €259,547 | €3,713 | -€255,833 | -98.6% |
| Financial income | 75/76B | €5,163 | €330,035 | +€324,872 | +6292.2% |
| Recurring financial income | 75 | €5,163 | €23,554 | +€18,391 | +356.2% |
| Non-recurring financial income | 76B | - | €306,481 | +€306,481 | |
| Financial charges | 65/66B | €951 | €1,237 | +€286 | +30.0% |
| Recurring financial charges | 65 | €951 | €1,237 | +€286 | +30.0% |
| Profit (loss) for the period before taxes | 9903 | €263,759 | €332,512 | +€68,753 | +26.1% |
| Income taxes | 67/77 | €67,998 | €85,663 | +€17,665 | +26.0% |
| Profit (loss) for the period | 9904 | €195,760 | €246,849 | +€51,089 | +26.1% |
| Profit (loss) for the period to be appropriated | 9905 | €195,760 | €246,849 | +€51,089 | +26.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.