AMANTINE: 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.
AMANTINE
Largest movements
- Current investments -€650,000
down €650,000 (-100%), from €650,000 to €0
- Cash +€379,961
up €379,961 (+434%), from €87,519 to €467,480
mainly Current investments (+€650,000) and Net result for the year (+€593,153)
- Receivables within one year -€96,157
down €96,157 (-76.5%), from €125,736 to €29,579
of which Trade receivables: -€111,264
- Reserves -€251,993
down €251,993 (-11.3%), from €2.2m to €2.0m
of which Distributable reserves: -€254,493
- Other debts -€139,606
down €139,606 (-40.4%), from €345,671 to €206,065
- Tax, wage and social debts -€85,532
down €85,532 (-56.2%), from €152,133 to €66,601
- Contributions +€62,500
up €62,500 (+23.7%), from €263,315 to €325,815
- Trade debts +€57,234
up €57,234 (+692%), from €8,265 to €65,499
- Financial income +€73,558
up €73,558 (+19.0%), from €387,060 to €460,618
- Taxes -€40,525
down €40,525 (-33.9%), from €119,437 to €78,911
- Gross operating margin -€24,344
down €24,344 (-9.6%), from €252,628 to €228,284
- Other operating charges +€12,049
up €12,049 (+584%), from €2,064 to €14,113
- Write-downs -€7,646
new in 2025: -€7,646
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,015,018 | €3,656,032 | -€358,987 | -8.9% |
| Fixed assets | 21/28 | €3,115,175 | €3,110,550 | -€4,625 | -0.1% |
| Tangible fixed assets | 22/27 | €16,670 | €17,093 | +€423 | +2.5% |
| Furniture and vehicles | 24 | €10,279 | €12,751 | +€2,472 | +24.1% |
| Other tangible fixed assets | 26 | €6,391 | €4,342 | -€2,049 | -32.1% |
| Financial fixed assets | 28 | €3,098,505 | €3,093,458 | -€5,048 | -0.2% |
| Current assets | 29/58 | €899,843 | €545,481 | -€354,362 | -39.4% |
| Amounts receivable within one year | 40/41 | €125,736 | €29,579 | -€96,157 | -76.5% |
| Trade receivables | 40 | €117,845 | €6,581 | -€111,264 | -94.4% |
| Other amounts receivable | 41 | €7,891 | €22,998 | +€15,107 | +191% |
| Current investments | 50/53 | €650,000 | €0 | -€650,000 | -100% |
| Cash at bank and in hand | 54/58 | €87,519 | €467,480 | +€379,961 | +434% |
| Deferred charges and accrued income | 490/1 | €36,588 | €48,422 | +€11,834 | +32.3% |
| Total equity and liabilities | 10/49 | €4,015,018 | €3,656,032 | -€358,987 | -8.9% |
| Equity | 10/15 | €3,507,250 | €3,317,757 | -€189,493 | -5.4% |
| Contributions | 10/11 | €263,315 | €325,815 | +€62,500 | +23.7% |
| Capital | 10 | €263,315 | €325,815 | +€62,500 | +23.7% |
| Issued capital | 100 | €263,315 | €325,815 | +€62,500 | +23.7% |
| Revaluation surpluses | 12 | €1,006,248 | €1,006,248 | = | 0.0% |
| Reserves | 13 | €2,237,687 | €1,985,694 | -€251,993 | -11.3% |
| Non-distributable reserves | 130/1 | €26,331 | €28,831 | +€2,500 | +9.5% |
| Legal reserve | 130 | €26,331 | €28,831 | +€2,500 | +9.5% |
| Distributable reserves | 133 | €2,211,356 | €1,956,863 | -€254,493 | -11.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €507,768 | €338,275 | -€169,493 | -33.4% |
| Amounts payable within one year | 42/48 | €506,069 | €338,164 | -€167,904 | -33.2% |
| Trade debts | 44 | €8,265 | €65,499 | +€57,234 | +692% |
| Suppliers | 440/4 | €8,265 | €65,499 | +€57,234 | +692% |
| Taxes, remuneration and social security | 45 | €152,133 | €66,601 | -€85,532 | -56.2% |
| Taxes | 450/3 | €152,133 | €66,601 | -€85,532 | -56.2% |
| Other amounts payable | 47/48 | €345,671 | €206,065 | -€139,606 | -40.4% |
| Accrued charges and deferred income | 492/3 | €1,699 | €110 | -€1,589 | -93.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,158 | €6,588 | -€1,570 | -19.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€7,646 | -€7,646 | |
| Other operating charges | 640/8 | €2,064 | €14,113 | +€12,049 | +584% |
| Gross operating margin | 9900 | €252,628 | €228,284 | -€24,344 | -9.6% |
| Operating profit (loss) | 9901 | €242,406 | €215,229 | -€27,177 | -11.2% |
| Financial income | 75/76B | €387,060 | €460,618 | +€73,558 | +19.0% |
| Recurring financial income | 75 | €387,060 | €460,618 | +€73,558 | +19.0% |
| Financial charges | 65/66B | €4,611 | €3,781 | -€829 | -18.0% |
| Recurring financial charges | 65 | €4,611 | €3,781 | -€829 | -18.0% |
| Profit (loss) for the period before taxes | 9903 | €624,855 | €672,065 | +€47,210 | +7.6% |
| Income taxes | 67/77 | €119,437 | €78,911 | -€40,525 | -33.9% |
| Profit (loss) for the period | 9904 | €505,419 | €593,153 | +€87,735 | +17.4% |
| Profit (loss) for the period to be appropriated | 9905 | €505,419 | €593,153 | +€87,735 | +17.4% |
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 15 October 2026 via checked.be.