AMARIC: 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.
AMARIC
Largest movements
- Tangible fixed assets -€61,619
down €61,619 (-1.7%), from €3.6m to €3.5m
of which Land and buildings: -€33,928
- Receivables within one year +€57,671
up €57,671 (+59.5%), from €96,868 to €154,538
of which Other amounts receivable: +€63,097
- Debts after one year -€107,600
down €107,600 (-14.3%), from €750,050 to €642,450
of which Financial debts: -€57,605
- Other debts +€101,828
up €101,828 (+27.3%), from €372,350 to €474,178
- Depreciation -€47,322
down €47,322 (-36.0%), from €131,541 to €84,219
- Financial charges -€33,579
down €33,579 (-45.2%), from €74,248 to €40,669
- Gross operating margin +€24,661
up €24,661 (+20.8%), from €118,435 to €143,096
- Staff costs +€9,158
new in 2025: €9,158
- Other operating charges -€1,597
down €1,597 (-5.7%), from €27,793 to €26,196
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 | €3,746,133 | €3,720,465 | -€25,669 | -0.7% |
| Fixed assets | 21/28 | €3,611,689 | €3,550,070 | -€61,619 | -1.7% |
| Tangible fixed assets | 22/27 | €3,571,389 | €3,509,770 | -€61,619 | -1.7% |
| Land and buildings | 22 | €3,417,287 | €3,383,359 | -€33,928 | -1.0% |
| Furniture and vehicles | 24 | €154,102 | €126,410 | -€27,691 | -18.0% |
| Financial fixed assets | 28 | €40,300 | €40,300 | = | 0.0% |
| Current assets | 29/58 | €134,445 | €170,395 | +€35,951 | +26.7% |
| Amounts receivable within one year | 40/41 | €96,868 | €154,538 | +€57,671 | +59.5% |
| Trade receivables | 40 | €10,787 | €5,361 | -€5,426 | -50.3% |
| Other amounts receivable | 41 | €86,081 | €149,177 | +€63,097 | +73.3% |
| Cash at bank and in hand | 54/58 | €37,577 | €15,857 | -€21,720 | -57.8% |
| Total equity and liabilities | 10/49 | €3,746,133 | €3,720,465 | -€25,669 | -0.7% |
| Equity | 10/15 | €2,328,574 | €2,315,749 | -€12,824 | -0.6% |
| Contributions | 10/11 | €316,995 | €316,995 | = | 0.0% |
| Capital | 10 | €316,995 | €316,995 | = | 0.0% |
| Issued capital | 100 | €316,995 | €316,995 | = | 0.0% |
| Revaluation surpluses | 12 | €1,600,000 | €1,600,000 | = | 0.0% |
| Reserves | 13 | €711,690 | €702,178 | -€9,511 | -1.3% |
| Non-distributable reserves | 130/1 | €31,699 | €31,699 | = | 0.0% |
| Legal reserve | 130 | €31,699 | €31,699 | = | 0.0% |
| Tax-exempt reserves | 132 | €679,990 | €670,479 | -€9,511 | -1.4% |
| Profit (loss) carried forward | 14 | -€300,110 | -€303,423 | -€3,313 | -1.1% |
| Provisions and deferred taxes | 16 | €226,663 | €222,343 | -€4,321 | -1.9% |
| Deferred taxes | 168 | €226,663 | €222,343 | -€4,321 | -1.9% |
| Amounts payable | 17/49 | €1,190,896 | €1,182,373 | -€8,523 | -0.7% |
| Amounts payable after more than one year | 17 | €750,050 | €642,450 | -€107,600 | -14.3% |
| Financial debts | 170/4 | €150,055 | €92,450 | -€57,605 | -38.4% |
| Other amounts payable | 178/9 | €599,995 | €550,000 | -€49,995 | -8.3% |
| Amounts payable within one year | 42/48 | €440,847 | €539,923 | +€99,076 | +22.5% |
| Current portion of amounts payable after more than one year | 42 | €62,761 | €60,211 | -€2,549 | -4.1% |
| Trade debts | 44 | €4,309 | €1,389 | -€2,920 | -67.8% |
| Suppliers | 440/4 | €4,309 | €1,389 | -€2,920 | -67.8% |
| Taxes, remuneration and social security | 45 | €1,428 | €4,145 | +€2,717 | +190% |
| Taxes | 450/3 | €1,428 | €1,957 | +€530 | +37.1% |
| Remuneration and social security | 454/9 | - | €2,187 | +€2,187 | |
| Other amounts payable | 47/48 | €372,350 | €474,178 | +€101,828 | +27.3% |
| Remuneration, social security and pensions | 62 | - | €9,158 | +€9,158 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €131,541 | €84,219 | -€47,322 | -36.0% |
| Other operating charges | 640/8 | €27,793 | €26,196 | -€1,597 | -5.7% |
| Gross operating margin | 9900 | €118,435 | €143,096 | +€24,661 | +20.8% |
| Operating profit (loss) | 9901 | -€40,899 | €23,523 | +€64,422 | |
| Financial income | 75/76B | €14 | €1 | -€14 | -95.1% |
| Recurring financial income | 75 | €14 | €1 | -€14 | -95.1% |
| Financial charges | 65/66B | €74,248 | €40,669 | -€33,579 | -45.2% |
| Recurring financial charges | 65 | €74,248 | €40,669 | -€33,579 | -45.2% |
| Profit (loss) for the period before taxes | 9903 | -€115,132 | -€17,145 | +€97,987 | +85.1% |
| Transfer from deferred taxes | 780 | €57,328 | €4,321 | -€53,008 | -92.5% |
| Income taxes | 67/77 | €1 | €0 | -€1 | -74.8% |
| Profit (loss) for the period | 9904 | -€57,805 | -€12,824 | +€44,980 | +77.8% |
| Transfer from tax-exempt reserves | 789 | €106,493 | €9,511 | -€96,981 | -91.1% |
| Profit (loss) for the period to be appropriated | 9905 | €48,688 | -€3,313 | -€52,001 |
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 14 October 2026 via checked.be.