AMARCORD: 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.
AMARCORD
Largest movements
- Cash -€1,089
down €1,089 (-20.1%), from €5,407 to €4,317
mainly Net result for the year (-€1,089)
- Profit (loss) carried forward -€1,089
down €1,089 (-1.7%), from -€64,445 to -€65,534
- Gross operating margin +€46
up €46 (+6.6%), from -€690 to -€645
- Other operating charges +€12
up €12 (+3.2%), from €387 to €400
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 | €45,352 | €44,263 | -€1,089 | -2.4% |
| Current assets | 29/58 | €45,352 | €44,263 | -€1,089 | -2.4% |
| Amounts receivable within one year | 40/41 | €39,946 | €39,946 | = | 0.0% |
| Trade receivables | 40 | €26,743 | €26,743 | = | 0.0% |
| Other amounts receivable | 41 | €13,202 | €13,202 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,407 | €4,317 | -€1,089 | -20.1% |
| Total equity and liabilities | 10/49 | €45,352 | €44,263 | -€1,089 | -2.4% |
| Equity | 10/15 | -€2,445 | -€3,534 | -€1,089 | -44.5% |
| 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% |
| Profit (loss) carried forward | 14 | -€64,445 | -€65,534 | -€1,089 | -1.7% |
| Amounts payable | 17/49 | €47,797 | €47,797 | = | 0.0% |
| Amounts payable within one year | 42/48 | €47,379 | €47,379 | = | 0.0% |
| Trade debts | 44 | €185 | €185 | = | 0.0% |
| Suppliers | 440/4 | €185 | €185 | = | 0.0% |
| Other amounts payable | 47/48 | €47,194 | €47,194 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €418 | €418 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€690 | -€645 | +€46 | +6.6% |
| Operating profit (loss) | 9901 | -€1,077 | -€1,044 | +€33 | +3.1% |
| Financial charges | 65/66B | €45 | €45 | = | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,122 | -€1,089 | +€33 | +3.0% |
| Profit (loss) for the period | 9904 | -€1,122 | -€1,089 | +€33 | +3.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,122 | -€1,089 | +€33 | +3.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.