AMALEX: 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
AMALEX
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€263,488
2024 · €223,804+€39,684
Equity
€451,651
2024 · €338,163+€113,488
Cash
€184,923
2024 · €185,534-€611
Balance sheet total
€1.1m
2024 · €1.2m-€55,837
Largest movements
Assets
- Tangible fixed assets -€56,753
down €56,753 (-11.6%), from €487,673 to €430,921
of which Plant, machinery and equipment: -€29,627
Equity and liabilities
- Reserves +€113,488
up €113,488 (+34.2%), from €331,963 to €445,451
- Debts after one year -€88,398
down €88,398 (-40.1%), from €220,392 to €131,995
- Trade debts -€41,599
down €41,599 (-30.6%), from €135,930 to €94,331
- Tax, wage and social debts -€31,813
down €31,813 (-25.0%), from €127,035 to €95,221
of which Remuneration and social security: -€31,813
Income statement
- Gross operating margin +€382,570
up €382,570 (+23.5%), from €1.6m to €2.0m
- Staff costs +€315,259
up €315,259 (+25.6%), from €1.2m to €1.5m
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
€223,804
Gross operating margin
+€382,570
Staff costs
-€315,259
Depreciation
-€18,434
Other operating charges
-€2,934
Financial income
+€210
Financial charges
+€1,084
Taxes
-€7,552
Result 2025
€263,488
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
+€294,469
Investment
-€42,670
Financing
-€252,410
Cash 2024
€185,534
From operations (derived)
+€294,469
Net result for the year
+€263,488
Depreciation
+€96,476
Stocks and contracts
-€6,735
Receivables within one year
+€8,354
Smaller working-capital items
-€184
Trade debts
-€41,599
Tax, wage and social debts
-€31,813
Accrued charges and deferred income
+€6,482
Investment (derived)
-€42,670
Investment in fixed assets (net)
-€42,670
Financing
-€252,410
Debts after one year
-€88,398
Current portion of long-term debt
-€10,659
Short-term financial debts
-€3,353
Contributions, distributions and other
-€150,000
Cash 2025
€184,923
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,183,265 | €1,127,428 | -€55,837 | -4.7% |
| Fixed assets | 21/28 | €499,151 | €445,345 | -€53,806 | -10.8% |
| Intangible fixed assets | 21 | €11,342 | €14,289 | +€2,947 | +26.0% |
| Tangible fixed assets | 22/27 | €487,673 | €430,921 | -€56,753 | -11.6% |
| Land and buildings | 22 | €179,412 | €166,792 | -€12,620 | -7.0% |
| Plant, machinery and equipment | 23 | €184,629 | €155,002 | -€29,627 | -16.0% |
| Furniture and vehicles | 24 | €123,633 | €109,127 | -€14,506 | -11.7% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €684,114 | €682,083 | -€2,031 | -0.3% |
| Stocks and contracts in progress | 3 | €31,599 | €38,334 | +€6,735 | +21.3% |
| Stocks | 30/36 | €31,599 | €38,334 | +€6,735 | +21.3% |
| Amounts receivable within one year | 40/41 | €462,863 | €454,508 | -€8,354 | -1.8% |
| Trade receivables | 40 | €1,132 | €10,701 | +€9,568 | +845% |
| Other amounts receivable | 41 | €461,730 | €443,808 | -€17,922 | -3.9% |
| Cash at bank and in hand | 54/58 | €185,534 | €184,923 | -€611 | -0.3% |
| Deferred charges and accrued income | 490/1 | €4,118 | €4,317 | +€199 | +4.8% |
| Total equity and liabilities | 10/49 | €1,183,265 | €1,127,428 | -€55,837 | -4.7% |
| Equity | 10/15 | €338,163 | €451,651 | +€113,488 | +33.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €331,963 | €445,451 | +€113,488 | +34.2% |
| Distributable reserves | 133 | €331,963 | €445,451 | +€113,488 | +34.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €845,102 | €675,776 | -€169,326 | -20.0% |
| Amounts payable after more than one year | 17 | €220,392 | €131,995 | -€88,398 | -40.1% |
| Financial debts | 170/4 | €220,392 | €131,995 | -€88,398 | -40.1% |
| Amounts payable within one year | 42/48 | €624,709 | €537,299 | -€87,410 | -14.0% |
| Current portion of amounts payable after more than one year | 42 | €99,057 | €88,398 | -€10,659 | -10.8% |
| Financial debts | 43 | €108,697 | €105,343 | -€3,353 | -3.1% |
| Credit institutions | 430/8 | €54 | €56 | +€2 | +3.7% |
| Other loans | 439 | €108,643 | €105,288 | -€3,355 | -3.1% |
| Trade debts | 44 | €135,930 | €94,331 | -€41,599 | -30.6% |
| Suppliers | 440/4 | €135,930 | €94,331 | -€41,599 | -30.6% |
| Taxes, remuneration and social security | 45 | €127,035 | €95,221 | -€31,813 | -25.0% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €127,035 | €95,221 | -€31,813 | -25.0% |
| Other amounts payable | 47/48 | €153,991 | €154,006 | +€15 | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €6,482 | +€6,482 | |
| Non-recurring operating income | 76A | - | €2,963 | +€2,963 | |
| Remuneration, social security and pensions | 62 | €1,229,221 | €1,544,480 | +€315,259 | +25.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,041 | €96,476 | +€18,434 | +23.6% |
| Other operating charges | 640/8 | €49,425 | €52,358 | +€2,934 | +5.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €1,628,608 | €2,011,177 | +€382,570 | +23.5% |
| Operating profit (loss) | 9901 | €271,921 | €317,864 | +€45,943 | +16.9% |
| Financial income | 75/76B | €45 | €254 | +€210 | +471% |
| Recurring financial income | 75 | €45 | €254 | +€210 | +471% |
| Financial charges | 65/66B | €29,940 | €28,856 | -€1,084 | -3.6% |
| Recurring financial charges | 65 | €29,940 | €28,856 | -€1,084 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | €242,026 | €289,263 | +€47,237 | +19.5% |
| Income taxes | 67/77 | €18,222 | €25,775 | +€7,552 | +41.4% |
| Profit (loss) for the period | 9904 | €223,804 | €263,488 | +€39,684 | +17.7% |
| Profit (loss) for the period to be appropriated | 9905 | €223,804 | €263,488 | +€39,684 | +17.7% |
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 13 October 2026 via checked.be.