AMADOR: 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.
What changed
AMADOR
NACE 68.121, Development of residential building projects
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.8m
2024 · €155,872+€1.7m
Equity
€3.1m
2024 · €4.2m-€1.0m
Cash
€17
2024 · €330-€313
Balance sheet total
€17.2m
2024 · €20.6m-€3.4m
Largest movements
Assets
- Tangible fixed assets -€4.7m
down €4.7m (-30.5%), from €15.4m to €10.7m
of which Land and buildings: -€4.7m
- Receivables within one year +€1.1m
up €1.1m (+23.3%), from €4.7m to €5.8m
of which Other amounts receivable: +€1.1m
Equity and liabilities
- Debts after one year -€3.0m
down €3.0m (-35.7%), from €8.3m to €5.4m
- Revaluation surpluses -€2.9m
no longer reported in 2025 (was €2.9m)
- Reserves +€2.6m
up €2.6m (+494.8%), from €531,540 to €3.2m
of which Tax-exempt reserves: +€2.6m
- Profit (loss) carried forward -€823,265
down €823,265 (-165.8%), from -€496,441 to -€1.3m
- Provisions +€800,338
up €800,338 (+70.7%), from €1.1m to €1.9m
of which Deferred taxes: +€800,338
Income statement
- Gross operating margin +€3.5m
up €3.5m (+293.1%), from €1.2m to €4.8m
- Depreciation -€98,057
down €98,057 (-17.7%), from €554,316 to €456,258
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.
Result 2024
€155,872
Gross operating margin
+€3.5m
Depreciation
+€98,057
Other operating charges
+€14,143
Other operating items
-€1.2m
Financial income
+€23,769
Financial charges
+€32,019
Taxes
-€23,838
Deferred taxes and other
-€880,054
Result 2025
€1.8m
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.
From operations
+€1.8m
Investment
+€4.2m
Financing
-€6.0m
Cash 2024
€330
From operations (derived)
+€1.8m
Net result for the year
+€1.8m
Depreciation
+€456,258
Receivables within one year
-€1.1m
Deferred charges and accrued income
-€170,517
Provisions
+€800,338
Smaller working-capital items
+€1,702
Tax, wage and social debts
+€45,488
Accrued charges and deferred income
-€56,947
Investment (derived)
+€4.2m
Investment in fixed assets (net)
+€4.2m
Financing
-€6.0m
Debts after one year
-€3.0m
Current portion of long-term debt
-€149,010
Short-term financial debts
-€64,663
Contributions, distributions and other
-€2.9m
Cash 2025
€17
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,604,728 | €17,159,219 | -€3.4m | -16.7% |
| Fixed assets | 21/28 | €15,409,395 | €10,707,226 | -€4.7m | -30.5% |
| Tangible fixed assets | 22/27 | €15,405,533 | €10,703,364 | -€4.7m | -30.5% |
| Land and buildings | 22 | €15,366,707 | €10,668,177 | -€4.7m | -30.6% |
| Plant, machinery and equipment | 23 | €36,296 | €33,719 | -€2,578 | -7.1% |
| Furniture and vehicles | 24 | €2,530 | €1,469 | -€1,061 | -41.9% |
| Financial fixed assets | 28 | €3,862 | €3,862 | = | 0.0% |
| Current assets | 29/58 | €5,195,333 | €6,451,993 | +€1.3m | +24.2% |
| Stocks and contracts in progress | 3 | €140,784 | €140,784 | = | 0.0% |
| Stocks | 30/36 | €140,784 | €140,784 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €4,671,255 | €5,757,711 | +€1.1m | +23.3% |
| Trade receivables | 40 | €922,648 | €877,398 | -€45,250 | -4.9% |
| Other amounts receivable | 41 | €3,748,607 | €4,880,313 | +€1.1m | +30.2% |
| Cash at bank and in hand | 54/58 | €330 | €17 | -€313 | -94.8% |
| Deferred charges and accrued income | 490/1 | €382,964 | €553,481 | +€170,517 | +44.5% |
| Total equity and liabilities | 10/49 | €20,604,728 | €17,159,219 | -€3.4m | -16.7% |
| Equity | 10/15 | €4,166,960 | €3,117,887 | -€1.0m | -25.2% |
| Contributions | 10/11 | €1,276,092 | €1,276,092 | = | 0.0% |
| Capital | 10 | €1,276,092 | €1,276,092 | = | 0.0% |
| Issued capital | 100 | €1,276,092 | €1,276,092 | = | 0.0% |
| Revaluation surpluses | 12 | €2,855,770 | - | -€2.9m | |
| Reserves | 13 | €531,540 | €3,161,502 | +€2.6m | +494.8% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €152,975 | €2,782,938 | +€2.6m | +1719.2% |
| Distributable reserves | 133 | €363,564 | €363,564 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€496,441 | -€1,319,707 | -€823,265 | -165.8% |
| Provisions and deferred taxes | 16 | €1,132,743 | €1,933,081 | +€800,338 | +70.7% |
| Provisions for liabilities and charges | 160/5 | €69,300 | €69,300 | = | 0.0% |
| Other liabilities and charges | 164/5 | €69,300 | €69,300 | = | 0.0% |
| Deferred taxes | 168 | €1,063,443 | €1,863,781 | +€800,338 | +75.3% |
| Amounts payable | 17/49 | €15,305,025 | €12,108,250 | -€3.2m | -20.9% |
| Amounts payable after more than one year | 17 | €8,330,821 | €5,357,476 | -€3.0m | -35.7% |
| Financial debts | 170/4 | €8,330,821 | €5,357,476 | -€3.0m | -35.7% |
| Amounts payable within one year | 42/48 | €6,015,461 | €5,848,978 | -€166,483 | -2.8% |
| Current portion of amounts payable after more than one year | 42 | €810,215 | €661,204 | -€149,010 | -18.4% |
| Financial debts | 43 | €4,155,657 | €4,090,995 | -€64,663 | -1.6% |
| Credit institutions | 430/8 | €4,155,657 | €4,090,995 | -€64,663 | -1.6% |
| Trade debts | 44 | €724,646 | €732,381 | +€7,735 | +1.1% |
| Suppliers | 440/4 | €724,646 | €732,381 | +€7,735 | +1.1% |
| Taxes, remuneration and social security | 45 | €318,909 | €364,397 | +€45,488 | +14.3% |
| Taxes | 450/3 | €318,909 | €364,397 | +€45,488 | +14.3% |
| Other amounts payable | 47/48 | €6,034 | - | -€6,034 | |
| Accrued charges and deferred income | 492/3 | €958,743 | €901,796 | -€56,947 | -5.9% |
| Non-recurring operating income | 76A | - | €3,749,375 | +€3.7m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €554,316 | €456,258 | -€98,057 | -17.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,420 | €2,420 | = | 0.0% |
| Other operating charges | 640/8 | €175,469 | €161,326 | -€14,143 | -8.1% |
| Non-recurring operating charges | 66A | - | €1,162,104 | +€1.2m | |
| Gross operating margin | 9900 | €1,210,660 | €4,759,492 | +€3.5m | +293.1% |
| Operating profit (loss) | 9901 | €478,455 | €2,977,383 | +€2.5m | +522.3% |
| Financial income | 75/76B | €163,632 | €187,401 | +€23,769 | +14.5% |
| Recurring financial income | 75 | €163,632 | €187,401 | +€23,769 | +14.5% |
| Financial charges | 65/66B | €411,620 | €379,600 | -€32,019 | -7.8% |
| Recurring financial charges | 65 | €411,620 | €379,600 | -€32,019 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | €230,468 | €2,785,184 | +€2.6m | +1108.5% |
| Transfer from deferred taxes | 780 | €79,716 | €79,716 | -€0 | 0.0% |
| Transfer to deferred taxes | 680 | - | €880,054 | +€880,054 | |
| Income taxes | 67/77 | €154,311 | €178,149 | +€23,838 | +15.4% |
| Profit (loss) for the period | 9904 | €155,872 | €1,806,697 | +€1.7m | +1059.1% |
| Transfer from tax-exempt reserves | 789 | €10,198 | €10,198 | +€0 | 0.0% |
| Transfer to tax-exempt reserves | 689 | - | €2,640,161 | +€2.6m | |
| Profit (loss) for the period to be appropriated | 9905 | €166,070 | -€823,265 | -€989,336 |
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 8 October 2026 via checked.be.