AMAPA: what changed
What changed
AMAPA
NACE 43.222, Installation of electric heating, air conditioning, cooling and ventilation
filed annual accounts (NBB)
Net result for the year
-€29,030
2024 · €28,710-€57,741
Equity
€355,458
2024 · €384,489-€29,030
Cash
€230,229
2024 · €194,585+€35,643
Balance sheet total
€592,633
2024 · €685,101-€92,468
Largest movements
Assets
- Receivables within one year -€82,726
down €82,726 (-32.2%), from €257,136 to €174,411
of which Trade receivables: -€50,902
- Cash +€35,643
up €35,643 (+18.3%), from €194,585 to €230,229
mainly Receivables within one year (+€82,726) and Stocks and contracts (+€26,746)
- Stocks and contracts -€26,746
down €26,746 (-51.2%), from €52,222 to €25,477
- Deferred charges and accrued income -€16,282
down €16,282 (-52.7%), from €30,904 to €14,622
- Tangible fixed assets -€14,532
down €14,532 (-13.2%), from €109,865 to €95,333
of which Furniture and vehicles: -€10,350
Equity and liabilities
- Trade debts -€42,901
down €42,901 (-61.7%), from €69,576 to €26,675
- Profit (loss) carried forward -€29,030
down €29,030 (-54.1%), from €53,631 to €24,600
- Debts after one year -€11,704
down €11,704 (-62.0%), from €18,868 to €7,164
Income statement
- Financial charges +€42,479
up €42,479 (+57.0%), from €74,465 to €116,944
- Gross operating margin -€27,728
down €27,728 (-14.5%), from €191,507 to €163,779
- Taxes -€12,677
down €12,677 (-95.8%), from €13,229 to €552
- Provisions +€3,595
up €3,595 (+66.5%), from -€5,404 to -€1,809
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€28,710
Gross operating margin
-€27,728
Staff costs
+€750
Depreciation
+€1,384
Provisions
-€3,595
Other operating charges
+€116
Other operating items
+€63
Financial income
+€1,071
Financial charges
-€42,479
Taxes
+€12,677
Result 2025
-€29,030
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€66,227
Investment
-€13,085
Financing
-€17,498
Cash 2024
€194,585
From operations (derived)
+€66,227
Net result for the year
-€29,030
Depreciation
+€15,444
Stocks and contracts
+€26,746
Receivables within one year
+€82,726
Deferred charges and accrued income
+€16,282
Provisions
-€1,809
Trade debts
-€42,901
Tax, wage and social debts
-€4,896
Other debts
-€396
Accrued charges and deferred income
+€4,062
Investment (derived)
-€13,085
Investment in fixed assets (net)
-€799
Current investments
-€12,286
Financing
-€17,498
Debts after one year
-€11,704
Current portion of long-term debt
-€5,794
Cash 2025
€230,229
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €685,101 | €592,633 | -€92,468 | -13.5% |
| Formation expenses | 20 | €1,015 | €902 | -€113 | -11.2% |
| Fixed assets | 21/28 | €109,938 | €95,407 | -€14,532 | -13.2% |
| Tangible fixed assets | 22/27 | €109,865 | €95,333 | -€14,532 | -13.2% |
| Land and buildings | 22 | €74,250 | €70,200 | -€4,050 | -5.5% |
| Plant, machinery and equipment | 23 | €332 | €201 | -€131 | -39.5% |
| Furniture and vehicles | 24 | €35,282 | €24,932 | -€10,350 | -29.3% |
| Financial fixed assets | 28 | €73 | €73 | = | 0.0% |
| Current assets | 29/58 | €574,148 | €496,325 | -€77,823 | -13.6% |
| Stocks and contracts in progress | 3 | €52,222 | €25,477 | -€26,746 | -51.2% |
| Stocks | 30/36 | €52,222 | €25,477 | -€26,746 | -51.2% |
| Amounts receivable within one year | 40/41 | €257,136 | €174,411 | -€82,726 | -32.2% |
| Trade receivables | 40 | €192,645 | €141,743 | -€50,902 | -26.4% |
| Other amounts receivable | 41 | €64,491 | €32,667 | -€31,824 | -49.3% |
| Current investments | 50/53 | €39,301 | €51,587 | +€12,286 | +31.3% |
| Cash at bank and in hand | 54/58 | €194,585 | €230,229 | +€35,643 | +18.3% |
| Deferred charges and accrued income | 490/1 | €30,904 | €14,622 | -€16,282 | -52.7% |
| Total equity and liabilities | 10/49 | €685,101 | €592,633 | -€92,468 | -13.5% |
| Equity | 10/15 | €384,489 | €355,458 | -€29,030 | -7.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €312,258 | €312,258 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | €1,859 | - | -€1,859 | |
| Distributable reserves | 133 | €310,399 | €312,258 | +€1,859 | +0.6% |
| Profit (loss) carried forward | 14 | €53,631 | €24,600 | -€29,030 | -54.1% |
| Provisions and deferred taxes | 16 | €35,836 | €34,027 | -€1,809 | -5.0% |
| Provisions for liabilities and charges | 160/5 | €35,836 | €34,027 | -€1,809 | -5.0% |
| Other liabilities and charges | 164/5 | €35,836 | €34,027 | -€1,809 | -5.0% |
| Amounts payable | 17/49 | €264,776 | €203,147 | -€61,629 | -23.3% |
| Amounts payable after more than one year | 17 | €18,868 | €7,164 | -€11,704 | -62.0% |
| Financial debts | 170/4 | €18,868 | €7,164 | -€11,704 | -62.0% |
| Amounts payable within one year | 42/48 | €245,909 | €191,922 | -€53,987 | -22.0% |
| Current portion of amounts payable after more than one year | 42 | €17,498 | €11,704 | -€5,794 | -33.1% |
| Trade debts | 44 | €69,576 | €26,675 | -€42,901 | -61.7% |
| Suppliers | 440/4 | €69,576 | €26,675 | -€42,901 | -61.7% |
| Taxes, remuneration and social security | 45 | €11,357 | €6,461 | -€4,896 | -43.1% |
| Remuneration and social security | 454/9 | €11,357 | €6,461 | -€4,896 | -43.1% |
| Other amounts payable | 47/48 | €147,477 | €147,081 | -€396 | -0.3% |
| Accrued charges and deferred income | 492/3 | - | €4,062 | +€4,062 | |
| Remuneration, social security and pensions | 62 | €66,759 | €66,009 | -€750 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,828 | €15,444 | -€1,384 | -8.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€5,404 | -€1,809 | +€3,595 | +66.5% |
| Other operating charges | 640/8 | €2,263 | €2,147 | -€116 | -5.1% |
| Non-recurring operating charges | 66A | €63 | - | -€63 | |
| Gross operating margin | 9900 | €191,507 | €163,779 | -€27,728 | -14.5% |
| Operating profit (loss) | 9901 | €110,998 | €81,989 | -€29,010 | -26.1% |
| Financial income | 75/76B | €5,406 | €6,477 | +€1,071 | +19.8% |
| Recurring financial income | 75 | €5,406 | €6,477 | +€1,071 | +19.8% |
| Financial charges | 65/66B | €74,465 | €116,944 | +€42,479 | +57.0% |
| Recurring financial charges | 65 | €74,465 | €116,944 | +€42,479 | +57.0% |
| Profit (loss) for the period before taxes | 9903 | €41,940 | -€28,478 | -€70,418 | |
| Income taxes | 67/77 | €13,229 | €552 | -€12,677 | -95.8% |
| Profit (loss) for the period | 9904 | €28,710 | -€29,030 | -€57,741 | |
| Profit (loss) for the period to be appropriated | 9905 | €28,710 | -€29,030 | -€57,741 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.