AMARCA: 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.
AMARCA
Largest movements
- Current investments +€171,243
up €171,243 (+58.3%), from €293,757 to €465,000
- Cash -€22,496
down €22,496 (-22.8%), from €98,770 to €76,274
mainly Current investments (-€171,243) and Tax, wage and social debts (-€1,067)
- Reserves +€149,448
up €149,448 (+37.9%), from €394,170 to €543,619
- Gross operating margin +€27,314
up €27,314 (+14.7%), from €186,369 to €213,683
- Taxes +€13,885
up €13,885 (+24.8%), from €56,035 to €69,920
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 | €419,303 | €568,288 | +€148,985 | +35.5% |
| Fixed assets | 21/28 | €2,916 | €2,129 | -€788 | -27.0% |
| Tangible fixed assets | 22/27 | €2,766 | €1,979 | -€788 | -28.5% |
| Furniture and vehicles | 24 | €2,766 | €1,979 | -€788 | -28.5% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €416,387 | €566,160 | +€149,773 | +36.0% |
| Amounts receivable within one year | 40/41 | €23,669 | €24,722 | +€1,054 | +4.5% |
| Trade receivables | 40 | €23,669 | €24,581 | +€912 | +3.9% |
| Other amounts receivable | 41 | - | €142 | +€142 | |
| Current investments | 50/53 | €293,757 | €465,000 | +€171,243 | +58.3% |
| Cash at bank and in hand | 54/58 | €98,770 | €76,274 | -€22,496 | -22.8% |
| Deferred charges and accrued income | 490/1 | €191 | €163 | -€28 | -14.9% |
| Total equity and liabilities | 10/49 | €419,303 | €568,288 | +€148,985 | +35.5% |
| Equity | 10/15 | €396,670 | €546,119 | +€149,448 | +37.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €394,170 | €543,619 | +€149,448 | +37.9% |
| Distributable reserves | 133 | €394,170 | €543,619 | +€149,448 | +37.9% |
| Amounts payable | 17/49 | €22,632 | €22,170 | -€463 | -2.0% |
| Amounts payable within one year | 42/48 | €22,632 | €22,170 | -€463 | -2.0% |
| Trade debts | 44 | €473 | €1,195 | +€722 | +152.7% |
| Suppliers | 440/4 | €473 | €1,195 | +€722 | +152.7% |
| Taxes, remuneration and social security | 45 | €16,162 | €15,094 | -€1,067 | -6.6% |
| Taxes | 450/3 | €16,162 | €15,094 | -€1,067 | -6.6% |
| Other amounts payable | 47/48 | €5,998 | €5,880 | -€118 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,077 | €788 | -€289 | -26.9% |
| Other operating charges | 640/8 | €2,069 | €867 | -€1,201 | -58.1% |
| Gross operating margin | 9900 | €186,369 | €213,683 | +€27,314 | +14.7% |
| Operating profit (loss) | 9901 | €183,223 | €212,028 | +€28,805 | +15.7% |
| Financial income | 75/76B | €6,323 | €7,563 | +€1,240 | +19.6% |
| Recurring financial income | 75 | €6,323 | €7,563 | +€1,240 | +19.6% |
| Financial charges | 65/66B | €207 | €222 | +€15 | +7.5% |
| Recurring financial charges | 65 | €207 | €222 | +€15 | +7.5% |
| Profit (loss) for the period before taxes | 9903 | €189,339 | €219,368 | +€30,029 | +15.9% |
| Income taxes | 67/77 | €56,035 | €69,920 | +€13,885 | +24.8% |
| Profit (loss) for the period | 9904 | €133,305 | €149,448 | +€16,143 | +12.1% |
| Profit (loss) for the period to be appropriated | 9905 | €133,305 | €149,448 | +€16,143 | +12.1% |
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 12 October 2026 via checked.be.