AMARCOM: 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.
AMARCOM
Largest movements
- Cash -€13,568
down €13,568 (-59.7%), from €22,712 to €9,144
mainly Trade debts (-€16,144) and Net result for the year (-€9,028)
- Stocks and contracts +€3,353
up €3,353 (+53.6%), from €6,255 to €9,608
- Receivables within one year +€880
up €880 (+4.1%), from €21,414 to €22,294
of which Other amounts receivable: +€7,450
- Intangible fixed assets -€748
down €748 (-36.6%), from €2,044 to €1,296
- Other debts +€18,625
up €18,625 (+420.5%), from €4,429 to €23,054
- Trade debts -€16,144
down €16,144 (-76.3%), from €21,164 to €5,020
- Profit (loss) carried forward -€9,028
down €9,028 (-20.1%), from -€44,903 to -€53,931
- Tax, wage and social debts -€3,536
no longer reported in 2025 (was €3,536)
- Gross operating margin -€18,912
down €18,912, from €12,448 to -€6,464
- Depreciation -€1,205
down €1,205 (-61.7%), from €1,952 to €748
- Financial charges +€638
up €638 (+189.5%), from €336 to €974
- Taxes -€434
down €434, from €391 to -€43
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 | €52,425 | €42,342 | -€10,083 | -19.2% |
| Fixed assets | 21/28 | €2,044 | €1,296 | -€748 | -36.6% |
| Intangible fixed assets | 21 | €2,044 | €1,296 | -€748 | -36.6% |
| Current assets | 29/58 | €50,381 | €41,046 | -€9,335 | -18.5% |
| Stocks and contracts in progress | 3 | €6,255 | €9,608 | +€3,353 | +53.6% |
| Stocks | 30/36 | €6,255 | €9,608 | +€3,353 | +53.6% |
| Amounts receivable within one year | 40/41 | €21,414 | €22,294 | +€880 | +4.1% |
| Trade receivables | 40 | €21,414 | €14,845 | -€6,569 | -30.7% |
| Other amounts receivable | 41 | - | €7,450 | +€7,450 | |
| Cash at bank and in hand | 54/58 | €22,712 | €9,144 | -€13,568 | -59.7% |
| Total equity and liabilities | 10/49 | €52,425 | €42,342 | -€10,083 | -19.2% |
| Equity | 10/15 | €23,297 | €14,269 | -€9,028 | -38.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,903 | -€53,931 | -€9,028 | -20.1% |
| Amounts payable | 17/49 | €29,128 | €28,074 | -€1,055 | -3.6% |
| Amounts payable within one year | 42/48 | €29,128 | €28,074 | -€1,055 | -3.6% |
| Trade debts | 44 | €21,164 | €5,020 | -€16,144 | -76.3% |
| Suppliers | 440/4 | €21,164 | €5,020 | -€16,144 | -76.3% |
| Taxes, remuneration and social security | 45 | €3,536 | - | -€3,536 | |
| Taxes | 450/3 | €3,536 | - | -€3,536 | |
| Other amounts payable | 47/48 | €4,429 | €23,054 | +€18,625 | +420.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,952 | €748 | -€1,205 | -61.7% |
| Other operating charges | 640/8 | €819 | €890 | +€70 | +8.6% |
| Gross operating margin | 9900 | €12,448 | -€6,464 | -€18,912 | |
| Operating profit (loss) | 9901 | €9,676 | -€8,102 | -€17,777 | |
| Financial income | 75/76B | €62 | €5 | -€57 | -91.9% |
| Recurring financial income | 75 | €62 | €5 | -€57 | -91.9% |
| Financial charges | 65/66B | €336 | €974 | +€638 | +189.5% |
| Recurring financial charges | 65 | €336 | €974 | +€638 | +189.5% |
| Profit (loss) for the period before taxes | 9903 | €9,401 | -€9,071 | -€18,472 | |
| Income taxes | 67/77 | €391 | -€43 | -€434 | |
| Profit (loss) for the period | 9904 | €9,010 | -€9,028 | -€18,038 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,010 | -€9,028 | -€18,038 |
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 9 October 2026 via checked.be.