AMARANT: 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.
AMARANT
Largest movements
- Tangible fixed assets +€110,690
up €110,690 (+27.1%), from €408,445 to €519,135
of which Leasing and similar rights: +€134,178
- Receivables within one year +€57,023
up €57,023 (+76.8%), from €74,276 to €131,299
of which Trade receivables: +€41,432
- Current investments -€40,085
down €40,085 (-100.0%), from €40,085 to €0
- Receivables after one year -€32,184
down €32,184 (-64.4%), from €50,000 to €17,816
- Intangible fixed assets +€31,740
up €31,740 (+226.4%), from €14,022 to €45,762
- Current portion of long-term debt +€76,185
new in 2025: €76,185
- Debts after one year +€69,670
up €69,670 (+24.9%), from €279,333 to €349,002
- Short-term financial debts -€40,630
down €40,630 (-74.6%), from €54,462 to €13,832
- Reserves +€25,969
up €25,969 (+23.0%), from €112,968 to €138,937
- Tax, wage and social debts +€16,807
up €16,807 (+36.0%), from €46,730 to €63,537
of which Remuneration and social security: +€12,125
- Gross operating margin +€112,406
up €112,406 (+34.4%), from €327,134 to €439,540
- Staff costs +€64,001
up €64,001 (+32.2%), from €198,854 to €262,855
- Depreciation +€12,432
up €12,432 (+17.8%), from €70,037 to €82,469
- Write-downs -€8,773
down €8,773 (-100.0%), from €8,773 to €0
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 | €612,011 | €754,271 | +€142,260 | +23.2% |
| Fixed assets | 21/28 | €429,196 | €571,627 | +€142,430 | +33.2% |
| Intangible fixed assets | 21 | €14,022 | €45,762 | +€31,740 | +226.4% |
| Tangible fixed assets | 22/27 | €408,445 | €519,135 | +€110,690 | +27.1% |
| Land and buildings | 22 | €256,371 | €243,880 | -€12,491 | -4.9% |
| Plant, machinery and equipment | 23 | €19,413 | €25,486 | +€6,073 | +31.3% |
| Furniture and vehicles | 24 | €58,892 | €41,821 | -€17,070 | -29.0% |
| Leasing and similar rights | 25 | €73,770 | €207,948 | +€134,178 | +181.9% |
| Financial fixed assets | 28 | €6,730 | €6,730 | = | 0.0% |
| Current assets | 29/58 | €182,815 | €182,645 | -€170 | -0.1% |
| Amounts receivable after more than one year | 29 | €50,000 | €17,816 | -€32,184 | -64.4% |
| Other amounts receivable | 291 | €50,000 | €17,816 | -€32,184 | -64.4% |
| Amounts receivable within one year | 40/41 | €74,276 | €131,299 | +€57,023 | +76.8% |
| Trade receivables | 40 | €46,017 | €87,449 | +€41,432 | +90.0% |
| Other amounts receivable | 41 | €28,259 | €43,849 | +€15,590 | +55.2% |
| Current investments | 50/53 | €40,085 | €0 | -€40,085 | -100.0% |
| Cash at bank and in hand | 54/58 | €13,456 | €26,621 | +€13,165 | +97.8% |
| Deferred charges and accrued income | 490/1 | €4,997 | €6,908 | +€1,911 | +38.2% |
| Total equity and liabilities | 10/49 | €612,011 | €754,271 | +€142,260 | +23.2% |
| Equity | 10/15 | €143,652 | €168,762 | +€25,110 | +17.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €112,968 | €138,937 | +€25,969 | +23.0% |
| Distributable reserves | 133 | €112,968 | €138,937 | +€25,969 | +23.0% |
| Profit (loss) carried forward | 14 | €12,084 | €11,225 | -€859 | -7.1% |
| Amounts payable | 17/49 | €468,359 | €585,510 | +€117,150 | +25.0% |
| Amounts payable after more than one year | 17 | €279,333 | €349,002 | +€69,670 | +24.9% |
| Financial debts | 170/4 | €279,333 | €349,002 | +€69,670 | +24.9% |
| Amounts payable within one year | 42/48 | €188,203 | €236,377 | +€48,175 | +25.6% |
| Current portion of amounts payable after more than one year | 42 | - | €76,185 | +€76,185 | |
| Financial debts | 43 | €54,462 | €13,832 | -€40,630 | -74.6% |
| Credit institutions | 430/8 | €54,462 | €13,832 | -€40,630 | -74.6% |
| Trade debts | 44 | €22,262 | €13,454 | -€8,807 | -39.6% |
| Suppliers | 440/4 | €22,262 | €13,454 | -€8,807 | -39.6% |
| Taxes, remuneration and social security | 45 | €46,730 | €63,537 | +€16,807 | +36.0% |
| Taxes | 450/3 | €8,268 | €12,950 | +€4,682 | +56.6% |
| Remuneration and social security | 454/9 | €38,462 | €50,587 | +€12,125 | +31.5% |
| Other amounts payable | 47/48 | €64,749 | €69,369 | +€4,620 | +7.1% |
| Accrued charges and deferred income | 492/3 | €824 | €130 | -€694 | -84.2% |
| Non-recurring operating income | 76A | €4,129 | €880 | -€3,249 | -78.7% |
| Remuneration, social security and pensions | 62 | €198,854 | €262,855 | +€64,001 | +32.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,037 | €82,469 | +€12,432 | +17.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,773 | €0 | -€8,773 | -100.0% |
| Other operating charges | 640/8 | €4,351 | €5,391 | +€1,040 | +23.9% |
| Gross operating margin | 9900 | €327,134 | €439,540 | +€112,406 | +34.4% |
| Operating profit (loss) | 9901 | €45,118 | €88,824 | +€43,706 | +96.9% |
| Financial income | 75/76B | €1,487 | €511 | -€977 | -65.7% |
| Recurring financial income | 75 | €1,487 | €511 | -€977 | -65.7% |
| Financial charges | 65/66B | €12,842 | €12,511 | -€331 | -2.6% |
| Recurring financial charges | 65 | €12,842 | €12,511 | -€331 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | €33,764 | €76,824 | +€43,060 | +127.5% |
| Income taxes | 67/77 | €5,616 | €9,845 | +€4,229 | +75.3% |
| Profit (loss) for the period | 9904 | €28,148 | €66,979 | +€38,831 | +138.0% |
| Profit (loss) for the period to be appropriated | 9905 | €28,148 | €66,979 | +€38,831 | +138.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.