AMAREX: 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.
AMAREX
Largest movements
- Tangible fixed assets -€1,321
down €1,321 (-75.6%), from €1,747 to €427
- Cash +€388
up €388 (+238.2%), from €163 to €551
mainly Net result for the year (+€5,521) and Depreciation (+€1,321)
- Other debts -€6,317
down €6,317 (-14.1%), from €44,960 to €38,642
- Profit (loss) carried forward +€5,521
up €5,521 (+2.6%), from -€215,847 to -€210,326
- Trade debts -€136
down €136 (-100.0%), from €136 to €0
- Gross operating margin -€16,601
down €16,601 (-64.0%), from €25,933 to €9,333
- Financial charges -€3,059
down €3,059 (-98.0%), from €3,120 to €61
- Financial income -€2,942
down €2,942 (-100.0%), from €2,942 to €0
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 | €1,910 | €978 | -€933 | -48.8% |
| Fixed assets | 21/28 | €1,747 | €427 | -€1,321 | -75.6% |
| Tangible fixed assets | 22/27 | €1,747 | €427 | -€1,321 | -75.6% |
| Plant, machinery and equipment | 23 | €1,747 | €427 | -€1,321 | -75.6% |
| Current assets | 29/58 | €163 | €551 | +€388 | +238.2% |
| Cash at bank and in hand | 54/58 | €163 | €551 | +€388 | +238.2% |
| Total equity and liabilities | 10/49 | €1,910 | €978 | -€933 | -48.8% |
| Equity | 10/15 | -€43,185 | -€37,665 | +€5,521 | +12.8% |
| Contributions | 10/11 | €105,355 | €105,355 | = | 0.0% |
| Capital | 10 | €105,355 | €105,355 | = | 0.0% |
| Issued capital | 100 | €105,355 | €105,355 | = | 0.0% |
| Revaluation surpluses | 12 | €43,381 | €43,381 | = | 0.0% |
| Reserves | 13 | €23,926 | €23,926 | = | 0.0% |
| Distributable reserves | 133 | €23,926 | €23,926 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€215,847 | -€210,326 | +€5,521 | +2.6% |
| Amounts payable | 17/49 | €45,096 | €38,642 | -€6,453 | -14.3% |
| Amounts payable within one year | 42/48 | €45,096 | €38,642 | -€6,453 | -14.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €136 | €0 | -€136 | -100.0% |
| Suppliers | 440/4 | €136 | €0 | -€136 | -100.0% |
| Other amounts payable | 47/48 | €44,960 | €38,642 | -€6,317 | -14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,321 | €1,321 | -€0 | 0.0% |
| Other operating charges | 640/8 | €2,358 | €2,430 | +€72 | +3.1% |
| Gross operating margin | 9900 | €25,933 | €9,333 | -€16,601 | -64.0% |
| Operating profit (loss) | 9901 | €22,255 | €5,582 | -€16,673 | -74.9% |
| Financial income | 75/76B | €2,942 | €0 | -€2,942 | -100.0% |
| Recurring financial income | 75 | €2,942 | €0 | -€2,942 | -100.0% |
| Financial charges | 65/66B | €3,120 | €61 | -€3,059 | -98.0% |
| Recurring financial charges | 65 | €3,120 | €61 | -€3,059 | -98.0% |
| Profit (loss) for the period before taxes | 9903 | €22,077 | €5,521 | -€16,557 | -75.0% |
| Profit (loss) for the period | 9904 | €22,077 | €5,521 | -€16,557 | -75.0% |
| Profit (loss) for the period to be appropriated | 9905 | €22,077 | €5,521 | -€16,557 | -75.0% |
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.