AMARIGES: what changed
AMARIGES
Largest movements
- Financial fixed assets -€500,000
down €500,000 (-12.5%), from €4.0m to €3.5m
- Receivables within one year +€85,903
up €85,903 (+291%), from €29,478 to €115,381
of which Trade receivables: +€95,331
- Cash +€81,964
up €81,964 (+341%), from €24,014 to €105,977
mainly Investment in fixed assets (net) (+€549,390) and Net result for the year (+€296,993)
- Tangible fixed assets -€50,090
down €50,090 (-100%), from €50,090 to €0
of which Leasing and similar rights: -€49,390
- Debts after one year -€695,354
down €695,354 (-18.1%), from €3.8m to €3.1m
of which Financial debts: -€695,354
- Other debts +€141,033
new in 2025: €141,033
- Reserves +€88,000
up €88,000 (+3,443%), from €2,556 to €90,556
- Profit (loss) carried forward +€83,993
up €83,993, from -€83,147 to €845
- Financial income +€651,836
up €651,836 (+809%), from €80,588 to €732,424
- Financial charges +€479,422
up €479,422 (+589%), from €81,336 to €560,758
of which Non-recurring financial charges: +€500,000
- Gross operating margin +€85,961
up €85,961 (+197%), from €43,635 to €129,596
- Depreciation -€26,747
down €26,747 (-97.4%), from €27,447 to €700
- Other operating charges -€3,195
down €3,195 (-66.8%), from €4,781 to €1,586
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,110,460 | €3,723,488 | -€386,972 | -9.4% |
| Fixed assets | 21/28 | €4,050,090 | €3,500,000 | -€550,090 | -13.6% |
| Tangible fixed assets | 22/27 | €50,090 | €0 | -€50,090 | -100% |
| Furniture and vehicles | 24 | €700 | €0 | -€700 | -100% |
| Leasing and similar rights | 25 | €49,390 | €0 | -€49,390 | -100% |
| Financial fixed assets | 28 | €4,000,000 | €3,500,000 | -€500,000 | -12.5% |
| Current assets | 29/58 | €60,371 | €223,488 | +€163,117 | +270% |
| Amounts receivable within one year | 40/41 | €29,478 | €115,381 | +€85,903 | +291% |
| Trade receivables | 40 | €20,050 | €115,381 | +€95,331 | +475% |
| Other amounts receivable | 41 | €9,428 | €0 | -€9,428 | -100% |
| Cash at bank and in hand | 54/58 | €24,014 | €105,977 | +€81,964 | +341% |
| Deferred charges and accrued income | 490/1 | €6,880 | €2,130 | -€4,749 | -69.0% |
| Total equity and liabilities | 10/49 | €4,110,460 | €3,723,488 | -€386,972 | -9.4% |
| Equity | 10/15 | -€70,591 | €101,401 | +€171,993 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €2,556 | €90,556 | +€88,000 | +3,443% |
| Distributable reserves | 133 | €2,556 | €90,556 | +€88,000 | +3,443% |
| Profit (loss) carried forward | 14 | -€83,147 | €845 | +€83,993 | |
| Amounts payable | 17/49 | €4,181,052 | €3,622,087 | -€558,965 | -13.4% |
| Amounts payable after more than one year | 17 | €3,842,521 | €3,147,167 | -€695,354 | -18.1% |
| Financial debts | 170/4 | €1,842,521 | €1,147,167 | -€695,354 | -37.7% |
| Other amounts payable | 178/9 | €2,000,000 | €2,000,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €310,759 | €447,104 | +€136,345 | +43.9% |
| Current portion of amounts payable after more than one year | 42 | €301,293 | €296,719 | -€4,574 | -1.5% |
| Trade debts | 44 | €644 | €3,603 | +€2,960 | +460% |
| Suppliers | 440/4 | €644 | €3,603 | +€2,960 | +460% |
| Taxes, remuneration and social security | 45 | €8,823 | €5,750 | -€3,073 | -34.8% |
| Taxes | 450/3 | €8,823 | €5,750 | -€3,073 | -34.8% |
| Other amounts payable | 47/48 | - | €141,033 | +€141,033 | |
| Accrued charges and deferred income | 492/3 | €27,771 | €27,816 | +€44 | +0.2% |
| Non-recurring operating income | 76A | - | €40,610 | +€40,610 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,447 | €700 | -€26,747 | -97.4% |
| Other operating charges | 640/8 | €4,781 | €1,586 | -€3,195 | -66.8% |
| Gross operating margin | 9900 | €43,635 | €129,596 | +€85,961 | +197% |
| Operating profit (loss) | 9901 | €11,407 | €127,311 | +€115,904 | +1,016% |
| Financial income | 75/76B | €80,588 | €732,424 | +€651,836 | +809% |
| Recurring financial income | 75 | €80,588 | €732,424 | +€651,836 | +809% |
| Financial charges | 65/66B | €81,336 | €560,758 | +€479,422 | +589% |
| Recurring financial charges | 65 | €81,336 | €60,758 | -€20,578 | -25.3% |
| Non-recurring financial charges | 66B | - | €500,000 | +€500,000 | |
| Profit (loss) for the period before taxes | 9903 | €10,659 | €298,977 | +€288,318 | +2,705% |
| Income taxes | 67/77 | €1,807 | €1,984 | +€177 | +9.8% |
| Profit (loss) for the period | 9904 | €8,852 | €296,993 | +€288,141 | +3,255% |
| Profit (loss) for the period to be appropriated | 9905 | €8,852 | €296,993 | +€288,141 | +3,255% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.