AMARES: 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.
AMARES
Largest movements
- Receivables within one year -€306,538
down €306,538 (-30.0%), from €1.0m to €715,128
of which Trade receivables: -€332,539
- Cash +€74,634
up €74,634 (+70.0%), from €106,673 to €181,307
mainly Receivables within one year (+€306,538) and Net result for the year (+€54,142)
- Other debts -€165,588
down €165,588 (-46.3%), from €357,808 to €192,220
- Trade debts -€139,789
down €139,789 (-28.6%), from €488,699 to €348,910
- Profit (loss) carried forward +€54,142
up €54,142 (+36.3%), from €149,121 to €203,263
- Turnover -€416,974
down €416,974 (-27.9%), from €1.5m to €1.1m
- Gross operating margin -€226,728
down €226,728 (-37.8%), from €599,864 to €373,136
- Purchases and services -€190,518
down €190,518 (-21.2%), from €896,616 to €706,098
- Staff costs +€104,505
up €104,505 (+69.0%), from €151,467 to €255,971
- Taxes -€89,172
down €89,172 (-79.6%), from €111,973 to €22,801
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.
Derived cash bridge
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 | €1,174,522 | €931,552 | -€242,969 | -20.7% |
| Fixed assets | 21/28 | €42,937 | €31,464 | -€11,472 | -26.7% |
| Intangible fixed assets | 21 | €20,153 | €13,774 | -€6,379 | -31.7% |
| Tangible fixed assets | 22/27 | €18,534 | €13,440 | -€5,094 | -27.5% |
| Plant, machinery and equipment | 23 | €3,802 | €2,133 | -€1,668 | -43.9% |
| Furniture and vehicles | 24 | €14,732 | €11,307 | -€3,425 | -23.3% |
| Financial fixed assets | 28 | €4,250 | €4,250 | = | 0.0% |
| Current assets | 29/58 | €1,131,585 | €900,088 | -€231,497 | -20.5% |
| Amounts receivable within one year | 40/41 | €1,021,666 | €715,128 | -€306,538 | -30.0% |
| Trade receivables | 40 | €1,021,666 | €689,127 | -€332,539 | -32.5% |
| Other amounts receivable | 41 | - | €26,001 | +€26,001 | |
| Cash at bank and in hand | 54/58 | €106,673 | €181,307 | +€74,634 | +70.0% |
| Deferred charges and accrued income | 490/1 | €3,246 | €3,653 | +€407 | +12.5% |
| Total equity and liabilities | 10/49 | €1,174,522 | €931,552 | -€242,969 | -20.7% |
| Equity | 10/15 | €225,121 | €279,263 | +€54,142 | +24.1% |
| Contributions | 10/11 | €76,000 | €76,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €149,121 | €203,263 | +€54,142 | +36.3% |
| Amounts payable | 17/49 | €949,400 | €652,289 | -€297,111 | -31.3% |
| Amounts payable after more than one year | 17 | €1,250 | €1,250 | = | 0.0% |
| Other amounts payable | 178/9 | €1,250 | €1,250 | = | 0.0% |
| Amounts payable within one year | 42/48 | €948,150 | €651,039 | -€297,111 | -31.3% |
| Trade debts | 44 | €488,699 | €348,910 | -€139,789 | -28.6% |
| Suppliers | 440/4 | €488,699 | €348,910 | -€139,789 | -28.6% |
| Taxes, remuneration and social security | 45 | €101,643 | €109,909 | +€8,266 | +8.1% |
| Taxes | 450/3 | €72,111 | €42,843 | -€29,268 | -40.6% |
| Remuneration and social security | 454/9 | €29,532 | €67,066 | +€37,534 | +127% |
| Other amounts payable | 47/48 | €357,808 | €192,220 | -€165,588 | -46.3% |
| Turnover | 70 | €1,495,929 | €1,078,955 | -€416,974 | -27.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €896,616 | €706,098 | -€190,518 | -21.2% |
| Remuneration, social security and pensions | 62 | €151,467 | €255,971 | +€104,505 | +69.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,963 | €22,903 | -€7,060 | -23.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €13,566 | +€13,566 | |
| Other operating charges | 640/8 | €7,111 | €3,054 | -€4,057 | -57.1% |
| Gross operating margin | 9900 | €599,864 | €373,136 | -€226,728 | -37.8% |
| Operating profit (loss) | 9901 | €411,323 | €77,640 | -€333,683 | -81.1% |
| Financial income | 75/76B | €0 | €30 | +€30 | |
| Recurring financial income | 75 | €0 | €30 | +€30 | |
| Financial charges | 65/66B | €229 | €728 | +€499 | +218% |
| Recurring financial charges | 65 | €229 | €728 | +€499 | +218% |
| Profit (loss) for the period before taxes | 9903 | €411,095 | €76,943 | -€334,152 | -81.3% |
| Income taxes | 67/77 | €111,973 | €22,801 | -€89,172 | -79.6% |
| Profit (loss) for the period | 9904 | €299,121 | €54,142 | -€244,980 | -81.9% |
| Profit (loss) for the period to be appropriated | 9905 | €299,121 | €54,142 | -€244,980 | -81.9% |
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 15 October 2026 via checked.be.