AMALTHEA: 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.
AMALTHEA
Largest movements
- Tangible fixed assets -€52,810
down €52,810 (-93.0%), from €56,803 to €3,993
of which Other tangible fixed assets: -€56,393
- Cash -€50,911
down €50,911 (-87.7%), from €58,082 to €7,171
mainly Net result for the year (-€103,134) and Accrued charges and deferred income (-€12,147)
- Receivables within one year -€28,749
down €28,749 (-94.6%), from €30,389 to €1,640
of which Trade receivables: -€30,386
- Financial fixed assets -€1,717
down €1,717 (-42.8%), from €4,015 to €2,298
- Profit (loss) carried forward -€103,134
down €103,134, from €55,712 to -€47,422
- Accrued charges and deferred income -€12,147
down €12,147 (-95.3%), from €12,747 to €600
- Current portion of long-term debt -€10,456
down €10,456 (-100%), from €10,456 to €0
- Trade debts -€5,746
down €5,746 (-92.0%), from €6,245 to €499
- Tax, wage and social debts -€5,277
down €5,277 (-100%), from €5,277 to €0
- Gross operating margin -€78,265
down €78,265, from €53,429 to -€24,836
- Other operating charges +€74,966
up €74,966 (+4,834%), from €1,551 to €76,517
- Depreciation -€53,681
down €53,681 (-98.2%), from €54,654 to €972
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 | €156,874 | €21,718 | -€135,156 | -86.2% |
| Fixed assets | 21/28 | €60,818 | €6,291 | -€54,527 | -89.7% |
| Tangible fixed assets | 22/27 | €56,803 | €3,993 | -€52,810 | -93.0% |
| Plant, machinery and equipment | 23 | €410 | €3,993 | +€3,583 | +874% |
| Other tangible fixed assets | 26 | €56,393 | €0 | -€56,393 | -100% |
| Financial fixed assets | 28 | €4,015 | €2,298 | -€1,717 | -42.8% |
| Current assets | 29/58 | €96,057 | €15,427 | -€80,629 | -83.9% |
| Amounts receivable within one year | 40/41 | €30,389 | €1,640 | -€28,749 | -94.6% |
| Trade receivables | 40 | €30,386 | €0 | -€30,386 | -100% |
| Other amounts receivable | 41 | €3 | €1,640 | +€1,638 | +61,104% |
| Cash at bank and in hand | 54/58 | €58,082 | €7,171 | -€50,911 | -87.7% |
| Deferred charges and accrued income | 490/1 | €7,586 | €6,616 | -€970 | -12.8% |
| Total equity and liabilities | 10/49 | €156,874 | €21,718 | -€135,156 | -86.2% |
| Equity | 10/15 | €92,372 | -€10,762 | -€103,134 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €18,060 | €18,060 | = | 0.0% |
| Distributable reserves | 133 | €18,060 | €18,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,712 | -€47,422 | -€103,134 | |
| Amounts payable | 17/49 | €64,502 | €32,480 | -€32,023 | -49.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €51,755 | €31,880 | -€19,876 | -38.4% |
| Current portion of amounts payable after more than one year | 42 | €10,456 | €0 | -€10,456 | -100% |
| Trade debts | 44 | €6,245 | €499 | -€5,746 | -92.0% |
| Suppliers | 440/4 | €6,245 | €499 | -€5,746 | -92.0% |
| Taxes, remuneration and social security | 45 | €5,277 | €0 | -€5,277 | -100% |
| Taxes | 450/3 | €5,277 | €0 | -€5,277 | -100% |
| Other amounts payable | 47/48 | €29,778 | €31,381 | +€1,603 | +5.4% |
| Accrued charges and deferred income | 492/3 | €12,747 | €600 | -€12,147 | -95.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,654 | €972 | -€53,681 | -98.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,551 | €76,517 | +€74,966 | +4,834% |
| Gross operating margin | 9900 | €53,429 | -€24,836 | -€78,265 | |
| Operating profit (loss) | 9901 | -€2,775 | -€102,325 | -€99,550 | -3,587% |
| Financial income | 75/76B | €84 | €0 | -€84 | -100% |
| Recurring financial income | 75 | €84 | €0 | -€84 | -100% |
| Financial charges | 65/66B | €761 | €808 | +€47 | +6.2% |
| Recurring financial charges | 65 | €761 | €808 | +€47 | +6.2% |
| Profit (loss) for the period before taxes | 9903 | -€3,453 | -€103,134 | -€99,681 | -2,887% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€3,453 | -€103,134 | -€99,681 | -2,887% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,453 | -€103,134 | -€99,681 | -2,887% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.