Amadys Group: 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.
What changed
Amadys Group
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€23.6m
2024 · -€8.3m-€15.3m
Equity
€99.8m
2024 · €123.4m-€23.6m
Cash
€5,322
2024 · €12,682-€7,360
Balance sheet total
€238.6m
2024 · €252.3m-€13.6m
Largest movements
Assets
- Financial fixed assets -€16.8m
down €16.8m (-7.0%), from €240.4m to €223.6m
of which Affiliated companies: -€16.8m
- Receivables within one year +€4.0m
up €4.0m (+71.8%), from €5.5m to €9.5m
of which Trade receivables: +€2.3m
Equity and liabilities
- Profit (loss) carried forward -€23.6m
down €23.6m (-285%), from -€8.3m to -€31.9m
- Other debts +€8.8m
up €8.8m (+2,499%), from €351,338 to €9.1m
Income statement
- Financial charges +€12.1m
up €12.1m (+93.5%), from €13.0m to €25.1m
of which Non-recurring financial charges: +€13.5m
- Services and other goods +€4.3m
up €4.3m (+114%), from €3.8m to €8.1m
- Turnover +€980,766
up €980,766 (+18.5%), from €5.3m to €6.3m
- Other operating income +€104,270
new in 2025: €104,270
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
-€8.3m
Turnover
+€980,766
Other operating income
+€104,270
Services and other goods
-€4.3m
Other operating charges
-€2
Financial income
-€3,252
Financial charges
-€12.1m
Result 2025
-€23.6m
raises the resultlowers the result
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.
From operations
-€17.9m
Investment
+€17.8m
Financing
+€0
Cash 2024
€12,682
From operations (derived)
-€17.9m
Net result for the year
-€23.6m
Receivables within one year
-€4.0m
Deferred charges and accrued income
-€255,968
Trade debts
+€1.9m
Tax, wage and social debts
-€46,400
Other debts
+€8.8m
Accrued charges and deferred income
-€598,606
Investment (derived)
+€17.8m
Investment in fixed assets (net)
+€17.8m
Financing
+€0
Debts after one year
+€0
Contributions, distributions and other
-€0
Cash 2025
€5,322
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €252,267,916 | €238,629,568 | -€13.6m | -5.4% |
| Formation expenses | 20 | €4,849,868 | €3,828,990 | -€1.0m | -21.0% |
| Fixed assets | 21/28 | €240,376,098 | €223,551,143 | -€16.8m | -7.0% |
| Financial fixed assets | 28 | €240,376,098 | €223,551,143 | -€16.8m | -7.0% |
| Affiliated companies | 280/1 | €240,375,873 | €223,551,143 | -€16.8m | -7.0% |
| Participating interests | 280 | €183,984,263 | €170,459,533 | -€13.5m | -7.4% |
| Amounts receivable | 281 | €56,391,610 | €53,091,610 | -€3.3m | -5.9% |
| Other financial fixed assets | 284/8 | €225 | - | -€225 | |
| Amounts receivable and cash guarantees | 285/8 | €225 | - | -€225 | |
| Current assets | 29/58 | €7,041,950 | €11,249,434 | +€4.2m | +59.7% |
| Amounts receivable within one year | 40/41 | €5,512,205 | €9,471,081 | +€4.0m | +71.8% |
| Trade receivables | 40 | €3,201,244 | €5,521,046 | +€2.3m | +72.5% |
| Other amounts receivable | 41 | €2,310,961 | €3,950,036 | +€1.6m | +70.9% |
| Cash at bank and in hand | 54/58 | €12,682 | €5,322 | -€7,360 | -58.0% |
| Deferred charges and accrued income | 490/1 | €1,517,063 | €1,773,031 | +€255,968 | +16.9% |
| Total equity and liabilities | 10/49 | €252,267,916 | €238,629,568 | -€13.6m | -5.4% |
| Equity | 10/15 | €123,400,967 | €99,770,256 | -€23.6m | -19.1% |
| Contributions | 10/11 | €123,675,995 | €123,675,995 | = | 0.0% |
| Reserves | 13 | €8,015,916 | €8,015,916 | +€0 | 0.0% |
| Distributable reserves | 133 | €8,015,916 | €8,015,916 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€8,290,944 | -€31,921,656 | -€23.6m | -285% |
| Amounts payable | 17/49 | €128,866,949 | €138,859,313 | +€10.0m | +7.8% |
| Amounts payable after more than one year | 17 | €127,542,789 | €127,542,789 | +€0 | 0.0% |
| Financial debts | 170/4 | €127,542,789 | €111,542,789 | -€16.0m | -12.5% |
| Other loans | 174 | €127,542,789 | €111,542,789 | -€16.0m | -12.5% |
| Other amounts payable | 178/9 | - | €16,000,000 | +€16.0m | |
| Amounts payable within one year | 42/48 | €547,184 | €11,138,153 | +€10.6m | +1,936% |
| Trade debts | 44 | €149,446 | €2,008,497 | +€1.9m | +1,244% |
| Suppliers | 440/4 | €149,446 | €2,008,497 | +€1.9m | +1,244% |
| Taxes, remuneration and social security | 45 | €46,400 | - | -€46,400 | |
| Taxes | 450/3 | €46,400 | - | -€46,400 | |
| Other amounts payable | 47/48 | €351,338 | €9,129,656 | +€8.8m | +2,499% |
| Accrued charges and deferred income | 492/3 | €776,976 | €178,370 | -€598,606 | -77.0% |
| Operating income | 70/76A | €5,306,608 | €6,391,643 | +€1.1m | +20.4% |
| Turnover | 70 | €5,306,608 | €6,287,374 | +€980,766 | +18.5% |
| Other operating income | 74 | - | €104,270 | +€104,270 | |
| Operating charges | 60/66A | €3,770,383 | €8,058,994 | +€4.3m | +114% |
| Services and other goods | 61 | €3,770,265 | €8,058,874 | +€4.3m | +114% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Operating profit (loss) | 9901 | €1,536,225 | -€1,667,351 | -€3.2m | |
| Financial income | 75/76B | €3,146,459 | €3,143,207 | -€3,252 | -0.1% |
| Recurring financial income | 75 | €3,146,459 | €3,143,207 | -€3,252 | -0.1% |
| Income from financial fixed assets | 750 | €3,069,123 | €3,141,071 | +€71,948 | +2.3% |
| Other financial income | 752/9 | €77,336 | €2,136 | -€75,200 | -97.2% |
| Financial charges | 65/66B | €12,973,628 | €25,106,568 | +€12.1m | +93.5% |
| Recurring financial charges | 65 | €12,973,628 | €11,581,838 | -€1.4m | -10.7% |
| Debt charges | 650 | €12,963,126 | €11,573,423 | -€1.4m | -10.7% |
| Other financial charges | 652/9 | €10,502 | €8,415 | -€2,087 | -19.9% |
| Non-recurring financial charges | 66B | - | €13,524,730 | +€13.5m | |
| Profit (loss) for the period before taxes | 9903 | -€8,290,944 | -€23,630,711 | -€15.3m | -185% |
| Profit (loss) for the period | 9904 | -€8,290,944 | -€23,630,711 | -€15.3m | -185% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,290,944 | -€23,630,711 | -€15.3m | -185% |
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 18 October 2026 via checked.be.