AMAHE: 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.
AMAHE
Largest movements
- Receivables within one year -€90,517
down €90,517 (-70.0%), from €129,394 to €38,878
of which Trade receivables: -€80,690
- Cash +€24,579
up €24,579 (+110.3%), from €22,282 to €46,861
mainly Receivables within one year (+€90,517) and Depreciation (+€8,907)
- Tangible fixed assets -€3,557
down €3,557 (-1.8%), from €201,492 to €197,935
of which Land and buildings: -€3,583
- Trade debts -€31,857
down €31,857 (-82.3%), from €38,699 to €6,843
- Tax, wage and social debts -€15,673
down €15,673 (-38.1%), from €41,143 to €25,470
- Debts after one year -€12,134
down €12,134 (-9.1%), from €132,828 to €120,694
- Profit (loss) carried forward -€11,880
down €11,880 (-70.8%), from €16,772 to €4,892
- Gross operating margin -€48,961
down €48,961 (-97.6%), from €50,155 to €1,194
- Taxes -€10,853
down €10,853 (-98.7%), from €10,994 to €141
- Other operating charges -€5,235
down €5,235 (-96.8%), from €5,408 to €173
- Staff costs +€692
new in 2025: €692
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 | €353,168 | €283,674 | -€69,494 | -19.7% |
| Fixed assets | 21/28 | €201,492 | €197,935 | -€3,557 | -1.8% |
| Tangible fixed assets | 22/27 | €201,492 | €197,935 | -€3,557 | -1.8% |
| Land and buildings | 22 | €195,421 | €191,838 | -€3,583 | -1.8% |
| Plant, machinery and equipment | 23 | €5,176 | €4,529 | -€647 | -12.5% |
| Furniture and vehicles | 24 | €895 | €1,568 | +€673 | +75.2% |
| Current assets | 29/58 | €151,676 | €85,739 | -€65,937 | -43.5% |
| Amounts receivable within one year | 40/41 | €129,394 | €38,878 | -€90,517 | -70.0% |
| Trade receivables | 40 | €118,436 | €37,746 | -€80,690 | -68.1% |
| Other amounts receivable | 41 | €10,958 | €1,132 | -€9,827 | -89.7% |
| Cash at bank and in hand | 54/58 | €22,282 | €46,861 | +€24,579 | +110.3% |
| Total equity and liabilities | 10/49 | €353,168 | €283,674 | -€69,494 | -19.7% |
| Equity | 10/15 | €128,572 | €116,692 | -€11,880 | -9.2% |
| Contributions | 10/11 | €38,000 | €38,000 | = | 0.0% |
| Reserves | 13 | €73,800 | €73,800 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,800 | €3,800 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,800 | €3,800 | = | 0.0% |
| Distributable reserves | 133 | €70,000 | €70,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,772 | €4,892 | -€11,880 | -70.8% |
| Amounts payable | 17/49 | €224,596 | €166,982 | -€57,614 | -25.7% |
| Amounts payable after more than one year | 17 | €132,828 | €120,694 | -€12,134 | -9.1% |
| Financial debts | 170/4 | €132,828 | €120,694 | -€12,134 | -9.1% |
| Amounts payable within one year | 42/48 | €91,769 | €46,288 | -€45,481 | -49.6% |
| Current portion of amounts payable after more than one year | 42 | €11,926 | €12,134 | +€207 | +1.7% |
| Trade debts | 44 | €38,699 | €6,843 | -€31,857 | -82.3% |
| Suppliers | 440/4 | €38,699 | €6,843 | -€31,857 | -82.3% |
| Taxes, remuneration and social security | 45 | €41,143 | €25,470 | -€15,673 | -38.1% |
| Taxes | 450/3 | €41,143 | €25,470 | -€15,673 | -38.1% |
| Other amounts payable | 47/48 | - | €1,841 | +€1,841 | |
| Remuneration, social security and pensions | 62 | - | €692 | +€692 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,527 | €8,907 | +€380 | +4.5% |
| Other operating charges | 640/8 | €5,408 | €173 | -€5,235 | -96.8% |
| Gross operating margin | 9900 | €50,155 | €1,194 | -€48,961 | -97.6% |
| Operating profit (loss) | 9901 | €36,221 | -€8,577 | -€44,798 | |
| Financial income | 75/76B | €8 | €2 | -€5 | -72.6% |
| Recurring financial income | 75 | €8 | €2 | -€5 | -72.6% |
| Financial charges | 65/66B | €3,194 | €3,164 | -€31 | -1.0% |
| Recurring financial charges | 65 | €3,194 | €3,164 | -€31 | -1.0% |
| Profit (loss) for the period before taxes | 9903 | €33,034 | -€11,739 | -€44,773 | |
| Income taxes | 67/77 | €10,994 | €141 | -€10,853 | -98.7% |
| Profit (loss) for the period | 9904 | €22,040 | -€11,880 | -€33,920 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,040 | -€11,880 | -€33,920 |
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 9 October 2026 via checked.be.