AMAKAR: 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.
AMAKAR
Largest movements
- Receivables after one year -€844,425
down €844,425 (-100%), from €844,425 to €0
- Current investments +€550,000
new in 2025: €550,000
- Cash -€55,245
down €55,245 (-70.0%), from €78,897 to €23,652
mainly Current investments (-€550,000) and Debts after one year (-€400,000)
- Deferred charges and accrued income -€16,961
down €16,961 (-83.6%), from €20,290 to €3,329
- Debts after one year -€400,000
down €400,000 (-100%), from €400,000 to €0
- Reserves +€52,193
up €52,193 (+11.3%), from €463,313 to €515,506
of which Distributable reserves: +€52,193
- Advances received -€24,200
down €24,200 (-100%), from €24,200 to €0
- Financial income -€16,250
down €16,250 (-96.4%), from €16,853 to €603
- Taxes -€4,071
down €4,071 (-9.9%), from €41,247 to €37,177
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €944,509 | €578,074 | -€366,435 | -38.8% |
| Fixed assets | 21/28 | €897 | €1,093 | +€196 | +21.9% |
| Tangible fixed assets | 22/27 | €896 | €1,092 | +€196 | +21.9% |
| Plant, machinery and equipment | 23 | €471 | €1,069 | +€598 | +127% |
| Furniture and vehicles | 24 | €425 | €23 | -€402 | -94.5% |
| Financial fixed assets | 28 | €1 | €1 | = | 0.0% |
| Current assets | 29/58 | €943,612 | €576,980 | -€366,631 | -38.9% |
| Amounts receivable after more than one year | 29 | €844,425 | €0 | -€844,425 | -100% |
| Other amounts receivable | 291 | €844,425 | €0 | -€844,425 | -100% |
| Current investments | 50/53 | - | €550,000 | +€550,000 | |
| Cash at bank and in hand | 54/58 | €78,897 | €23,652 | -€55,245 | -70.0% |
| Deferred charges and accrued income | 490/1 | €20,290 | €3,329 | -€16,961 | -83.6% |
| Total equity and liabilities | 10/49 | €944,509 | €578,074 | -€366,435 | -38.8% |
| Equity | 10/15 | €475,713 | €527,906 | +€52,193 | +11.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €463,313 | €515,506 | +€52,193 | +11.3% |
| 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 | €461,453 | €513,646 | +€52,193 | +11.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €468,796 | €50,168 | -€418,628 | -89.3% |
| Amounts payable after more than one year | 17 | €400,000 | €0 | -€400,000 | -100% |
| Financial debts | 170/4 | €400,000 | €0 | -€400,000 | -100% |
| Amounts payable within one year | 42/48 | €68,536 | €50,018 | -€18,519 | -27.0% |
| Trade debts | 44 | €1,384 | €1,254 | -€130 | -9.4% |
| Suppliers | 440/4 | €1,384 | €1,254 | -€130 | -9.4% |
| Advances received on contracts in progress | 46 | €24,200 | €0 | -€24,200 | -100% |
| Taxes, remuneration and social security | 45 | €15,878 | €15,514 | -€364 | -2.3% |
| Taxes | 450/3 | €15,878 | €15,514 | -€364 | -2.3% |
| Other amounts payable | 47/48 | €27,075 | €33,250 | +€6,175 | +22.8% |
| Accrued charges and deferred income | 492/3 | €260 | €150 | -€110 | -42.2% |
| Remuneration, social security and pensions | 62 | €8,250 | €7,668 | -€581 | -7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,219 | €927 | -€292 | -24.0% |
| Other operating charges | 640/8 | €1,928 | €1,891 | -€37 | -1.9% |
| Gross operating margin | 9900 | €133,475 | €134,502 | +€1,026 | +0.8% |
| Operating profit (loss) | 9901 | €122,079 | €124,015 | +€1,936 | +1.6% |
| Financial income | 75/76B | €16,853 | €603 | -€16,250 | -96.4% |
| Recurring financial income | 75 | €16,853 | €603 | -€16,250 | -96.4% |
| Financial charges | 65/66B | €363 | €248 | -€115 | -31.7% |
| Recurring financial charges | 65 | €363 | €248 | -€115 | -31.7% |
| Profit (loss) for the period before taxes | 9903 | €138,569 | €124,370 | -€14,199 | -10.2% |
| Income taxes | 67/77 | €41,247 | €37,177 | -€4,071 | -9.9% |
| Profit (loss) for the period | 9904 | €97,321 | €87,193 | -€10,128 | -10.4% |
| Profit (loss) for the period to be appropriated | 9905 | €97,321 | €87,193 | -€10,128 | -10.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.