AMADEUS 2: 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 2
Largest movements
- Cash +€4,784
up €4,784 (+10.1%), from €47,199 to €51,983
mainly Net result for the year (+€2,566) and Depreciation (+€2,287)
- Tangible fixed assets -€2,287
down €2,287 (-4.8%), from €47,761 to €45,474
- Reserves +€2,566
up €2,566 (+1.5%), from €176,361 to €178,927
of which Distributable reserves: +€2,566
- Financial income -€8,660
no longer reported in 2025 (was €8,660)
of which Financial income: -€8,660
- Gross operating margin +€866
up €866 (+12.2%), from €7,120 to €7,986
- Other operating charges +€281
up €281 (+10.0%), from €2,816 to €3,097
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 | €195,966 | €198,532 | +€2,566 | +1.3% |
| Fixed assets | 21/28 | €47,761 | €45,474 | -€2,287 | -4.8% |
| Tangible fixed assets | 22/27 | €47,761 | €45,474 | -€2,287 | -4.8% |
| Land and buildings | 22 | €47,761 | €45,474 | -€2,287 | -4.8% |
| Current assets | 29/58 | €148,205 | €153,058 | +€4,852 | +3.3% |
| Current investments | 50/53 | €99,777 | €99,777 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €47,199 | €51,983 | +€4,784 | +10.1% |
| Deferred charges and accrued income | 490/1 | €1,229 | €1,298 | +€68 | +5.6% |
| Total equity and liabilities | 10/49 | €195,966 | €198,532 | +€2,566 | +1.3% |
| Equity | 10/15 | €194,961 | €197,527 | +€2,566 | +1.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €176,361 | €178,927 | +€2,566 | +1.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €174,501 | €177,067 | +€2,566 | +1.5% |
| Amounts payable | 17/49 | €1,005 | €1,005 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,005 | €1,005 | = | 0.0% |
| Other amounts payable | 47/48 | €1,005 | €1,005 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,287 | €2,287 | = | 0.0% |
| Other operating charges | 640/8 | €2,816 | €3,097 | +€281 | +10.0% |
| Gross operating margin | 9900 | €7,120 | €7,986 | +€866 | +12.2% |
| Operating profit (loss) | 9901 | €2,016 | €2,602 | +€585 | +29.0% |
| Financial income | 75/76B | €8,660 | - | -€8,660 | |
| Recurring financial income | 75 | €8,660 | - | -€8,660 | |
| Non-recurring financial income | 76B | €8,660 | - | -€8,660 | |
| Financial charges | 65/66B | €39 | €36 | -€3 | -8.8% |
| Recurring financial charges | 65 | €39 | €36 | -€3 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €10,637 | €2,566 | -€8,071 | -75.9% |
| Profit (loss) for the period | 9904 | €10,637 | €2,566 | -€8,071 | -75.9% |
| Profit (loss) for the period to be appropriated | 9905 | €10,637 | €2,566 | -€8,071 | -75.9% |
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 6 October 2026 via checked.be.