AMAR: 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.
AMAR
Largest movements
- Cash +€252,563
up €252,563 (+287.0%), from €87,987 to €340,550
mainly Net result for the year (+€204,788) and Tax, wage and social debts (+€52,892)
- Deferred charges and accrued income +€78,498
up €78,498 (+170.7%), from €45,984 to €124,482
- Current investments -€30,000
no longer reported in 2025 (was €30,000)
- Tangible fixed assets -€14,928
down €14,928 (-21.0%), from €71,177 to €56,249
- Reserves +€204,789
up €204,789 (+161.3%), from €126,945 to €331,734
- Tax, wage and social debts +€52,892
up €52,892 (+161.3%), from €32,787 to €85,679
- Other debts +€33,245
up €33,245 (+166225.5%), from €20 to €33,265
- Debts after one year -€15,728
down €15,728 (-27.2%), from €57,753 to €42,025
- Trade debts +€10,350
new in 2025: €10,350
- Gross operating margin +€212,802
up €212,802 (+136.3%), from €156,105 to €368,907
- Taxes +€54,474
up €54,474 (+144.3%), from €37,763 to €92,237
- Financial charges +€54,170
up €54,170 (+3452.5%), from €1,569 to €55,739
- Depreciation +€7,066
up €7,066 (+77.8%), from €9,078 to €16,144
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 | €235,148 | €521,281 | +€286,133 | +121.7% |
| Fixed assets | 21/28 | €71,177 | €56,249 | -€14,928 | -21.0% |
| Tangible fixed assets | 22/27 | €71,177 | €56,249 | -€14,928 | -21.0% |
| Furniture and vehicles | 24 | €71,177 | €56,249 | -€14,928 | -21.0% |
| Current assets | 29/58 | €163,971 | €465,032 | +€301,061 | +183.6% |
| Current investments | 50/53 | €30,000 | - | -€30,000 | |
| Cash at bank and in hand | 54/58 | €87,987 | €340,550 | +€252,563 | +287.0% |
| Deferred charges and accrued income | 490/1 | €45,984 | €124,482 | +€78,498 | +170.7% |
| Total equity and liabilities | 10/49 | €235,148 | €521,281 | +€286,133 | +121.7% |
| Equity | 10/15 | €129,445 | €334,234 | +€204,789 | +158.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €126,945 | €331,734 | +€204,789 | +161.3% |
| Distributable reserves | 133 | €126,945 | €331,734 | +€204,789 | +161.3% |
| Amounts payable | 17/49 | €105,703 | €187,047 | +€81,344 | +77.0% |
| Amounts payable after more than one year | 17 | €57,753 | €42,025 | -€15,728 | -27.2% |
| Financial debts | 170/4 | €57,753 | €42,025 | -€15,728 | -27.2% |
| Amounts payable within one year | 42/48 | €47,950 | €145,022 | +€97,072 | +202.4% |
| Current portion of amounts payable after more than one year | 42 | €15,143 | €15,727 | +€584 | +3.9% |
| Trade debts | 44 | - | €10,350 | +€10,350 | |
| Suppliers | 440/4 | - | €10,350 | +€10,350 | |
| Taxes, remuneration and social security | 45 | €32,787 | €85,679 | +€52,892 | +161.3% |
| Taxes | 450/3 | €32,787 | €85,679 | +€52,892 | +161.3% |
| Other amounts payable | 47/48 | €20 | €33,265 | +€33,245 | +166225.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,078 | €16,144 | +€7,066 | +77.8% |
| Other operating charges | 640/8 | - | €160 | +€160 | |
| Gross operating margin | 9900 | €156,105 | €368,907 | +€212,802 | +136.3% |
| Operating profit (loss) | 9901 | €147,027 | €352,603 | +€205,576 | +139.8% |
| Financial income | 75/76B | €172 | €162 | -€10 | -5.8% |
| Recurring financial income | 75 | €172 | €162 | -€10 | -5.8% |
| Financial charges | 65/66B | €1,569 | €55,739 | +€54,170 | +3452.5% |
| Recurring financial charges | 65 | €1,569 | €55,739 | +€54,170 | +3452.5% |
| Profit (loss) for the period before taxes | 9903 | €145,630 | €297,026 | +€151,396 | +104.0% |
| Income taxes | 67/77 | €37,763 | €92,237 | +€54,474 | +144.3% |
| Profit (loss) for the period | 9904 | €107,867 | €204,788 | +€96,921 | +89.9% |
| Profit (loss) for the period to be appropriated | 9905 | €107,867 | €204,788 | +€96,921 | +89.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.