AMAN: what changed
Two fiscal 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.
AMAN
Largest movements
- Current investments -€400,000
down €400,000 (-100.0%), from €400,000 to €0
- Tangible fixed assets +€343,452
up €343,452 (+32.0%), from €1.1m to €1.4m
of which Land and buildings: +€342,026
- Cash +€56,909
up €56,909 (+40.5%), from €140,355 to €197,264
mainly Current investments (+€400,000) and Depreciation (+€101,887)
No liability line moved by more than 1% of the balance sheet total.
- Depreciation +€15,902
up €15,902 (+18.5%), from €85,985 to €101,887
- Gross operating margin -€3,262
down €3,262 (-2.2%), from €150,065 to €146,803
- Financial charges -€2,073
down €2,073 (-5.4%), from €38,140 to €36,067
- Financial income -€1,966
down €1,966 (-50.0%), from €3,931 to €1,966
- Other operating charges -€1,715
down €1,715 (-6.1%), from €28,266 to €26,552
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 | €1,645,574 | €1,642,708 | -€2,866 | -0.2% |
| Fixed assets | 21/28 | €1,097,527 | €1,440,979 | +€343,452 | +31.3% |
| Tangible fixed assets | 22/27 | €1,074,806 | €1,418,258 | +€343,452 | +32.0% |
| Land and buildings | 22 | €1,074,806 | €1,416,832 | +€342,026 | +31.8% |
| Plant, machinery and equipment | 23 | - | €1,426 | +€1,426 | |
| Financial fixed assets | 28 | €22,720 | €22,720 | = | 0.0% |
| Current assets | 29/58 | €548,047 | €201,729 | -€346,318 | -63.2% |
| Amounts receivable within one year | 40/41 | €3,761 | €4,344 | +€583 | +15.5% |
| Other amounts receivable | 41 | €3,761 | €4,344 | +€583 | +15.5% |
| Current investments | 50/53 | €400,000 | €0 | -€400,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €140,355 | €197,264 | +€56,909 | +40.5% |
| Deferred charges and accrued income | 490/1 | €3,931 | €121 | -€3,810 | -96.9% |
| Total equity and liabilities | 10/49 | €1,645,574 | €1,642,708 | -€2,866 | -0.2% |
| Equity | 10/15 | €1,078,480 | €1,063,598 | -€14,882 | -1.4% |
| Contributions | 10/11 | €685,000 | €685,000 | = | 0.0% |
| Capital | 10 | €685,000 | €685,000 | = | 0.0% |
| Issued capital | 100 | €685,000 | €685,000 | = | 0.0% |
| Reserves | 13 | €393,480 | €378,598 | -€14,882 | -3.8% |
| Non-distributable reserves | 130/1 | €118,500 | €118,500 | = | 0.0% |
| Legal reserve | 130 | €118,500 | €118,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €74,211 | €71,645 | -€2,567 | -3.5% |
| Distributable reserves | 133 | €200,769 | €188,453 | -€12,316 | -6.1% |
| Provisions and deferred taxes | 16 | €16,743 | €15,888 | -€856 | -5.1% |
| Deferred taxes | 168 | €16,743 | €15,888 | -€856 | -5.1% |
| Amounts payable | 17/49 | €550,351 | €563,222 | +€12,872 | +2.3% |
| Amounts payable within one year | 42/48 | €508,742 | €524,782 | +€16,041 | +3.2% |
| Trade debts | 44 | €869 | €1,577 | +€708 | +81.4% |
| Suppliers | 440/4 | €869 | €1,577 | +€708 | +81.4% |
| Advances received on contracts in progress | 46 | €870 | €0 | -€870 | -100.0% |
| Other amounts payable | 47/48 | €507,003 | €523,206 | +€16,203 | +3.2% |
| Accrued charges and deferred income | 492/3 | €41,609 | €38,440 | -€3,169 | -7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,985 | €101,887 | +€15,902 | +18.5% |
| Other operating charges | 640/8 | €28,266 | €26,552 | -€1,715 | -6.1% |
| Gross operating margin | 9900 | €150,065 | €146,803 | -€3,262 | -2.2% |
| Operating profit (loss) | 9901 | €35,813 | €18,364 | -€17,449 | -48.7% |
| Financial income | 75/76B | €3,931 | €1,966 | -€1,966 | -50.0% |
| Recurring financial income | 75 | €3,931 | €1,966 | -€1,966 | -50.0% |
| Financial charges | 65/66B | €38,140 | €36,067 | -€2,073 | -5.4% |
| Recurring financial charges | 65 | €38,140 | €36,067 | -€2,073 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | €1,604 | -€15,738 | -€17,342 | |
| Transfer from deferred taxes | 780 | €504 | €856 | +€351 | +69.6% |
| Income taxes | 67/77 | €1,425 | €0 | -€1,425 | -100.0% |
| Profit (loss) for the period | 9904 | €683 | -€14,882 | -€15,566 | |
| Transfer from tax-exempt reserves | 789 | €3,186 | €2,567 | -€620 | -19.4% |
| Profit (loss) for the period to be appropriated | 9905 | €3,870 | -€12,316 | -€16,185 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.