AMARE: 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.
AMARE
Largest movements
- Receivables within one year -€144,494
down €144,494 (-74.2%), from €194,846 to €50,352
of which Other amounts receivable: -€128,764
- Tangible fixed assets +€57,516
up €57,516 (+4.2%), from €1.4m to €1.4m
of which Land and buildings: +€37,676
- Provisions -€136,803
down €136,803 (-100.0%), from €136,803 to €0
- Debts after one year +€125,862
up €125,862 (+29.7%), from €423,744 to €549,606
- Trade debts -€102,837
down €102,837 (-51.2%), from €200,818 to €97,981
- Current portion of long-term debt +€55,723
up €55,723 (+169.0%), from €32,979 to €88,702
- Contributions +€45,000
up €45,000 (+900.0%), from €5,000 to €50,000
- Gross operating margin -€403,897
down €403,897 (-86.2%), from €468,355 to €64,458
- Provisions -€136,803
down €136,803, from €0 to -€136,803
- Depreciation +€96,649
up €96,649 (+182.1%), from €53,062 to €149,710
- Financial charges -€25,222
down €25,222 (-49.6%), from €50,858 to €25,636
- Taxes -€17,658
down €17,658 (-63.3%), from €27,886 to €10,228
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 | €1,557,555 | €1,489,036 | -€68,519 | -4.4% |
| Fixed assets | 21/28 | €1,360,376 | €1,432,893 | +€72,516 | +5.3% |
| Tangible fixed assets | 22/27 | €1,360,376 | €1,417,893 | +€57,516 | +4.2% |
| Land and buildings | 22 | €669,449 | €707,125 | +€37,676 | +5.6% |
| Plant, machinery and equipment | 23 | €4,900 | €8,493 | +€3,593 | +73.3% |
| Furniture and vehicles | 24 | €87,679 | €72,571 | -€15,109 | -17.2% |
| Other tangible fixed assets | 26 | €598,348 | €629,704 | +€31,355 | +5.2% |
| Financial fixed assets | 28 | €0 | €15,000 | +€15,000 | |
| Current assets | 29/58 | €197,179 | €56,144 | -€141,035 | -71.5% |
| Amounts receivable within one year | 40/41 | €194,846 | €50,352 | -€144,494 | -74.2% |
| Trade receivables | 40 | €15,730 | - | -€15,730 | |
| Other amounts receivable | 41 | €179,116 | €50,352 | -€128,764 | -71.9% |
| Cash at bank and in hand | 54/58 | €0 | €3,459 | +€3,459 | |
| Deferred charges and accrued income | 490/1 | €2,333 | €2,333 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,557,555 | €1,489,036 | -€68,519 | -4.4% |
| Equity | 10/15 | €679,332 | €705,892 | +€26,560 | +3.9% |
| Contributions | 10/11 | €5,000 | €50,000 | +€45,000 | +900.0% |
| Reserves | 13 | €674,332 | €649,926 | -€24,406 | -3.6% |
| Distributable reserves | 133 | €674,332 | €649,926 | -€24,406 | -3.6% |
| Profit (loss) carried forward | 14 | €0 | €5,966 | +€5,966 | |
| Provisions and deferred taxes | 16 | €136,803 | €0 | -€136,803 | -100.0% |
| Provisions for liabilities and charges | 160/5 | €136,803 | €0 | -€136,803 | -100.0% |
| Pensions and similar obligations | 160 | €136,803 | €0 | -€136,803 | -100.0% |
| Amounts payable | 17/49 | €741,421 | €783,145 | +€41,724 | +5.6% |
| Amounts payable after more than one year | 17 | €423,744 | €549,606 | +€125,862 | +29.7% |
| Financial debts | 170/4 | €423,744 | €549,606 | +€125,862 | +29.7% |
| Amounts payable within one year | 42/48 | €316,558 | €232,419 | -€84,139 | -26.6% |
| Current portion of amounts payable after more than one year | 42 | €32,979 | €88,702 | +€55,723 | +169.0% |
| Financial debts | 43 | €2,477 | - | -€2,477 | |
| Credit institutions | 430/8 | €2,477 | - | -€2,477 | |
| Trade debts | 44 | €200,818 | €97,981 | -€102,837 | -51.2% |
| Suppliers | 440/4 | €200,818 | €97,981 | -€102,837 | -51.2% |
| Taxes, remuneration and social security | 45 | €64,029 | €45,736 | -€18,293 | -28.6% |
| Taxes | 450/3 | €64,029 | €45,736 | -€18,293 | -28.6% |
| Other amounts payable | 47/48 | €16,255 | - | -€16,255 | |
| Accrued charges and deferred income | 492/3 | €1,119 | €1,119 | = | 0.0% |
| Non-recurring operating income | 76A | €688,434 | - | -€688,434 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,062 | €149,710 | +€96,649 | +182.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | -€136,803 | -€136,803 | |
| Other operating charges | 640/8 | €13,853 | €9,738 | -€4,115 | -29.7% |
| Non-recurring operating charges | 66A | €50,518 | - | -€50,518 | |
| Gross operating margin | 9900 | €468,355 | €64,458 | -€403,897 | -86.2% |
| Operating profit (loss) | 9901 | €350,922 | €41,813 | -€309,109 | -88.1% |
| Financial income | 75/76B | €1,507 | €16 | -€1,490 | -98.9% |
| Recurring financial income | 75 | €1,507 | €16 | -€1,490 | -98.9% |
| Financial charges | 65/66B | €50,858 | €25,636 | -€25,222 | -49.6% |
| Recurring financial charges | 65 | €50,858 | €25,636 | -€25,222 | -49.6% |
| Profit (loss) for the period before taxes | 9903 | €301,571 | €16,194 | -€285,377 | -94.6% |
| Income taxes | 67/77 | €27,886 | €10,228 | -€17,658 | -63.3% |
| Profit (loss) for the period | 9904 | €273,685 | €5,966 | -€267,719 | -97.8% |
| Profit (loss) for the period to be appropriated | 9905 | €273,685 | €5,966 | -€267,719 | -97.8% |
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 1 October 2026 via checked.be.