AMAR K: 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.
AMAR K
Largest movements
- Receivables within one year +€257,830
up €257,830 (+84.7%), from €304,500 to €562,330
of which Trade receivables: +€254,702
- Cash +€76,723
up €76,723 (+25.3%), from €303,584 to €380,307
mainly Trade debts (+€316,640) and Depreciation (+€34,888)
- Tangible fixed assets -€40,197
down €40,197 (-30.7%), from €130,883 to €90,686
of which Furniture and vehicles: -€20,640
- Stocks and contracts +€24,082
up €24,082 (+32.5%), from €74,211 to €98,293
- Trade debts +€316,640
up €316,640 (+85.3%), from €371,264 to €687,904
- Reserves +€33,238
up €33,238 (+14.0%), from €237,363 to €270,601
of which Distributable reserves: +€33,238
- Other debts -€25,244
down €25,244 (-34.4%), from €73,401 to €48,157
- Short-term financial debts -€20,000
no longer reported in 2025 (was €20,000)
- Debts after one year -€13,799
no longer reported in 2025 (was €13,799)
- Gross operating margin +€42,106
up €42,106 (+7.4%), from €567,944 to €610,050
- Staff costs +€41,958
up €41,958 (+9.7%), from €433,043 to €475,001
- Depreciation -€7,006
down €7,006 (-16.7%), from €41,893 to €34,888
- Other operating charges +€6,951
up €6,951 (+49.9%), from €13,924 to €20,874
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 | €831,043 | €1,139,060 | +€308,017 | +37.1% |
| Fixed assets | 21/28 | €134,488 | €94,066 | -€40,422 | -30.1% |
| Intangible fixed assets | 21 | €820 | €595 | -€225 | -27.4% |
| Tangible fixed assets | 22/27 | €130,883 | €90,686 | -€40,197 | -30.7% |
| Land and buildings | 22 | €64,787 | €58,790 | -€5,998 | -9.3% |
| Plant, machinery and equipment | 23 | €42,918 | €29,359 | -€13,559 | -31.6% |
| Furniture and vehicles | 24 | €23,177 | €2,537 | -€20,640 | -89.1% |
| Financial fixed assets | 28 | €2,785 | €2,785 | = | 0.0% |
| Current assets | 29/58 | €696,555 | €1,044,994 | +€348,439 | +50.0% |
| Stocks and contracts in progress | 3 | €74,211 | €98,293 | +€24,082 | +32.5% |
| Stocks | 30/36 | €74,211 | €98,293 | +€24,082 | +32.5% |
| Amounts receivable within one year | 40/41 | €304,500 | €562,330 | +€257,830 | +84.7% |
| Trade receivables | 40 | €265,484 | €520,187 | +€254,702 | +95.9% |
| Other amounts receivable | 41 | €39,015 | €42,144 | +€3,128 | +8.0% |
| Cash at bank and in hand | 54/58 | €303,584 | €380,307 | +€76,723 | +25.3% |
| Deferred charges and accrued income | 490/1 | €14,261 | €4,064 | -€10,197 | -71.5% |
| Total equity and liabilities | 10/49 | €831,043 | €1,139,060 | +€308,017 | +37.1% |
| Equity | 10/15 | €257,989 | €291,227 | +€33,238 | +12.9% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Reserves | 13 | €237,363 | €270,601 | +€33,238 | +14.0% |
| Tax-exempt reserves | 132 | €31,526 | €31,526 | = | 0.0% |
| Distributable reserves | 133 | €205,837 | €239,075 | +€33,238 | +16.1% |
| Profit (loss) carried forward | 14 | €175 | €175 | = | 0.0% |
| Amounts payable | 17/49 | €573,054 | €847,833 | +€274,779 | +47.9% |
| Amounts payable after more than one year | 17 | €13,799 | - | -€13,799 | |
| Financial debts | 170/4 | €13,799 | - | -€13,799 | |
| Amounts payable within one year | 42/48 | €559,255 | €847,833 | +€288,578 | +51.6% |
| Current portion of amounts payable after more than one year | 42 | €22,702 | €29,222 | +€6,520 | +28.7% |
| Financial debts | 43 | €20,000 | - | -€20,000 | |
| Credit institutions | 430/8 | €20,000 | - | -€20,000 | |
| Trade debts | 44 | €371,264 | €687,904 | +€316,640 | +85.3% |
| Suppliers | 440/4 | €371,264 | €687,904 | +€316,640 | +85.3% |
| Taxes, remuneration and social security | 45 | €71,888 | €82,550 | +€10,661 | +14.8% |
| Taxes | 450/3 | €41,023 | €47,297 | +€6,274 | +15.3% |
| Remuneration and social security | 454/9 | €30,865 | €35,252 | +€4,387 | +14.2% |
| Other amounts payable | 47/48 | €73,401 | €48,157 | -€25,244 | -34.4% |
| Non-recurring operating income | 76A | €2,000 | €5,240 | +€3,240 | +162% |
| Remuneration, social security and pensions | 62 | €433,043 | €475,001 | +€41,958 | +9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,893 | €34,888 | -€7,006 | -16.7% |
| Other operating charges | 640/8 | €13,924 | €20,874 | +€6,951 | +49.9% |
| Gross operating margin | 9900 | €567,944 | €610,050 | +€42,106 | +7.4% |
| Operating profit (loss) | 9901 | €79,084 | €79,287 | +€203 | +0.3% |
| Financial income | 75/76B | €0 | €62 | +€61 | +20,483% |
| Recurring financial income | 75 | €0 | €62 | +€61 | +20,483% |
| Financial charges | 65/66B | €27,338 | €23,588 | -€3,751 | -13.7% |
| Recurring financial charges | 65 | €27,338 | €23,588 | -€3,751 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | €51,746 | €55,760 | +€4,015 | +7.8% |
| Income taxes | 67/77 | €18,796 | €22,523 | +€3,727 | +19.8% |
| Profit (loss) for the period | 9904 | €32,950 | €33,238 | +€288 | +0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €32,950 | €33,238 | +€288 | +0.9% |
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 14 October 2026 via checked.be.