Amandus: 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.
Amandus
Largest movements
- Cash -€228,099
down €228,099 (-73.5%), from €310,192 to €82,093
mainly Other debts (-€269,586) and Investment in fixed assets (net) (-€3,288)
- Tangible fixed assets -€22,255
down €22,255 (-12.3%), from €180,899 to €158,644
of which Land and buildings: -€15,469
- Other debts -€269,586
down €269,586 (-75.7%), from €356,006 to €86,420
- Reserves +€17,948
up €17,948 (+14.4%), from €124,437 to €142,385
- Gross operating margin -€21,621
down €21,621 (-25.0%), from €86,563 to €64,942
- Taxes -€3,085
down €3,085 (-28.3%), from €10,891 to €7,806
- Financial charges -€2,487
down €2,487 (-24.0%), from €10,355 to €7,868
- Depreciation -€1,131
down €1,131 (-4.2%), from €26,675 to €25,543
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 | €500,908 | €253,232 | -€247,675 | -49.4% |
| Fixed assets | 21/28 | €180,899 | €158,644 | -€22,255 | -12.3% |
| Tangible fixed assets | 22/27 | €180,899 | €158,644 | -€22,255 | -12.3% |
| Land and buildings | 22 | €147,281 | €131,812 | -€15,469 | -10.5% |
| Plant, machinery and equipment | 23 | €33,618 | €25,475 | -€8,143 | -24.2% |
| Furniture and vehicles | 24 | - | €1,357 | +€1,357 | |
| Current assets | 29/58 | €320,008 | €94,588 | -€225,420 | -70.4% |
| Stocks and contracts in progress | 3 | €9,227 | €9,674 | +€447 | +4.8% |
| Stocks | 30/36 | €9,227 | €9,674 | +€447 | +4.8% |
| Amounts receivable within one year | 40/41 | €161 | €2,452 | +€2,291 | +1421.3% |
| Trade receivables | 40 | €161 | €0 | -€161 | -100.0% |
| Other amounts receivable | 41 | €0 | €2,452 | +€2,452 | |
| Cash at bank and in hand | 54/58 | €310,192 | €82,093 | -€228,099 | -73.5% |
| Deferred charges and accrued income | 490/1 | €428 | €369 | -€59 | -13.7% |
| Total equity and liabilities | 10/49 | €500,908 | €253,232 | -€247,675 | -49.4% |
| Equity | 10/15 | €138,697 | €156,645 | +€17,948 | +12.9% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €124,437 | €142,385 | +€17,948 | +14.4% |
| Distributable reserves | 133 | €124,437 | €142,385 | +€17,948 | +14.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €362,211 | €96,587 | -€265,624 | -73.3% |
| Amounts payable within one year | 42/48 | €362,211 | €96,587 | -€265,624 | -73.3% |
| Trade debts | 44 | €1,179 | €2,464 | +€1,285 | +109.0% |
| Suppliers | 440/4 | €1,179 | €2,464 | +€1,285 | +109.0% |
| Taxes, remuneration and social security | 45 | €5,026 | €7,703 | +€2,678 | +53.3% |
| Taxes | 450/3 | €5,026 | €7,703 | +€2,678 | +53.3% |
| Other amounts payable | 47/48 | €356,006 | €86,420 | -€269,586 | -75.7% |
| Remuneration, social security and pensions | 62 | €1,969 | €2,352 | +€383 | +19.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,675 | €25,543 | -€1,131 | -4.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €4,542 | €4,598 | +€56 | +1.2% |
| Gross operating margin | 9900 | €86,563 | €64,942 | -€21,621 | -25.0% |
| Operating profit (loss) | 9901 | €53,378 | €32,449 | -€20,929 | -39.2% |
| Financial income | 75/76B | €938 | €1,173 | +€235 | +25.1% |
| Recurring financial income | 75 | €938 | €1,173 | +€235 | +25.1% |
| Financial charges | 65/66B | €10,355 | €7,868 | -€2,487 | -24.0% |
| Recurring financial charges | 65 | €10,355 | €7,868 | -€2,487 | -24.0% |
| Profit (loss) for the period before taxes | 9903 | €43,961 | €25,754 | -€18,207 | -41.4% |
| Income taxes | 67/77 | €10,891 | €7,806 | -€3,085 | -28.3% |
| Profit (loss) for the period | 9904 | €33,070 | €17,948 | -€15,122 | -45.7% |
| Profit (loss) for the period to be appropriated | 9905 | €33,070 | €17,948 | -€15,122 | -45.7% |
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 4 October 2026 via checked.be.