AMALO: 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.
AMALO
Largest movements
- Receivables within one year +€68,749
up €68,749 (+72.0%), from €95,504 to €164,253
of which Trade receivables: +€67,038
- Cash -€65,714
down €65,714 (-68.6%), from €95,814 to €30,100
mainly Receivables within one year (-€68,749) and Investment in fixed assets (net) (-€15,193)
- Stocks and contracts +€11,000
up €11,000 (+29.7%), from €37,000 to €48,000
- Deferred charges and accrued income +€3,174
up €3,174 (+27.8%), from €11,399 to €14,573
- Reserves +€32,295
up €32,295 (+26.4%), from €122,478 to €154,773
- Trade debts -€15,156
down €15,156 (-18.9%), from €80,009 to €64,853
- Tax, wage and social debts -€3,373
down €3,373 (-12.2%), from €27,572 to €24,199
of which Remuneration and social security: -€2,121
- Short-term financial debts +€3,344
up €3,344 (+98.9%), from €3,379 to €6,723
- Gross operating margin +€33,706
up €33,706 (+11.6%), from €289,352 to €323,058
- Taxes +€9,499
up €9,499 (+155%), from €6,121 to €15,620
- Write-downs +€4,495
new in 2026: €4,495
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €281,227 | €295,039 | +€13,812 | +4.9% |
| Fixed assets | 21/28 | €41,510 | €38,113 | -€3,397 | -8.2% |
| Intangible fixed assets | 21 | €817 | €0 | -€817 | -100% |
| Tangible fixed assets | 22/27 | €40,693 | €38,113 | -€2,581 | -6.3% |
| Plant, machinery and equipment | 23 | €28,668 | €21,365 | -€7,303 | -25.5% |
| Furniture and vehicles | 24 | €12,025 | €16,748 | +€4,723 | +39.3% |
| Current assets | 29/58 | €239,717 | €256,926 | +€17,210 | +7.2% |
| Stocks and contracts in progress | 3 | €37,000 | €48,000 | +€11,000 | +29.7% |
| Stocks | 30/36 | €37,000 | €48,000 | +€11,000 | +29.7% |
| Amounts receivable within one year | 40/41 | €95,504 | €164,253 | +€68,749 | +72.0% |
| Trade receivables | 40 | €91,429 | €158,466 | +€67,038 | +73.3% |
| Other amounts receivable | 41 | €4,075 | €5,787 | +€1,712 | +42.0% |
| Cash at bank and in hand | 54/58 | €95,814 | €30,100 | -€65,714 | -68.6% |
| Deferred charges and accrued income | 490/1 | €11,399 | €14,573 | +€3,174 | +27.8% |
| Total equity and liabilities | 10/49 | €281,227 | €295,039 | +€13,812 | +4.9% |
| Equity | 10/15 | €141,478 | €173,773 | +€32,295 | +22.8% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €122,478 | €154,773 | +€32,295 | +26.4% |
| Distributable reserves | 133 | €122,478 | €154,773 | +€32,295 | +26.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €139,748 | €121,266 | -€18,483 | -13.2% |
| Amounts payable after more than one year | 17 | €3,597 | €701 | -€2,896 | -80.5% |
| Financial debts | 170/4 | €3,597 | €701 | -€2,896 | -80.5% |
| Amounts payable within one year | 42/48 | €132,823 | €116,941 | -€15,882 | -12.0% |
| Current portion of amounts payable after more than one year | 42 | €3,427 | €2,896 | -€531 | -15.5% |
| Financial debts | 43 | €3,379 | €6,723 | +€3,344 | +98.9% |
| Credit institutions | 430/8 | €3,379 | €6,723 | +€3,344 | +98.9% |
| Trade debts | 44 | €80,009 | €64,853 | -€15,156 | -18.9% |
| Suppliers | 440/4 | €80,009 | €64,853 | -€15,156 | -18.9% |
| Taxes, remuneration and social security | 45 | €27,572 | €24,199 | -€3,373 | -12.2% |
| Taxes | 450/3 | €5,700 | €4,448 | -€1,252 | -22.0% |
| Remuneration and social security | 454/9 | €21,872 | €19,751 | -€2,121 | -9.7% |
| Other amounts payable | 47/48 | €18,437 | €18,270 | -€167 | -0.9% |
| Accrued charges and deferred income | 492/3 | €3,328 | €3,623 | +€295 | +8.9% |
| Remuneration, social security and pensions | 62 | €247,225 | €245,534 | -€1,691 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,693 | €18,591 | -€2,103 | -10.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,495 | +€4,495 | |
| Other operating charges | 640/8 | €1,935 | €1,414 | -€521 | -26.9% |
| Gross operating margin | 9900 | €289,352 | €323,058 | +€33,706 | +11.6% |
| Operating profit (loss) | 9901 | €19,499 | €53,025 | +€33,526 | +172% |
| Financial income | 75/76B | €3,357 | €3,432 | +€75 | +2.2% |
| Recurring financial income | 75 | €3,357 | €3,432 | +€75 | +2.2% |
| Financial charges | 65/66B | €5,916 | €6,876 | +€960 | +16.2% |
| Recurring financial charges | 65 | €5,916 | €6,876 | +€960 | +16.2% |
| Profit (loss) for the period before taxes | 9903 | €16,940 | €49,581 | +€32,642 | +193% |
| Income taxes | 67/77 | €6,121 | €15,620 | +€9,499 | +155% |
| Profit (loss) for the period | 9904 | €10,819 | €33,961 | +€23,142 | +214% |
| Profit (loss) for the period to be appropriated | 9905 | €10,819 | €33,961 | +€23,142 | +214% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.