AMARINE: 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.
AMARINE
Largest movements
- Tangible fixed assets -€22,346
down €22,346 (-31.2%), from €71,515 to €49,169
of which Furniture and vehicles: -€14,976
- Stocks and contracts -€13,934
down €13,934 (-41.9%), from €33,243 to €19,309
- Cash -€8,881
down €8,881 (-21.7%), from €40,883 to €32,003
mainly Net result for the year (-€24,502) and Debts after one year (-€10,156)
- Receivables within one year -€8,342
down €8,342 (-96.2%), from €8,676 to €334
of which Other amounts receivable: -€8,276
- Profit (loss) carried forward -€24,502
down €24,502 (-41.4%), from €59,137 to €34,635
- Debts after one year -€10,156
down €10,156 (-62.5%), from €16,262 to €6,106
- Tax, wage and social debts -€6,925
down €6,925 (-32.5%), from €21,295 to €14,370
of which Remuneration and social security: -€6,675
- Other debts -€5,346
down €5,346 (-17.3%), from €30,947 to €25,601
- Current portion of long-term debt -€4,815
down €4,815 (-32.2%), from €14,971 to €10,156
- Write-downs -€14,778
no longer reported in 2025 (was €14,778)
- Gross operating margin -€8,585
down €8,585 (-12.1%), from €70,844 to €62,259
- Other operating charges -€8,066
down €8,066 (-77.4%), from €10,427 to €2,360
- Depreciation +€4,982
up €4,982 (+27.7%), from €18,016 to €22,997
- Staff costs +€1,864
up €1,864 (+3.3%), from €56,402 to €58,266
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 | €158,538 | €105,544 | -€52,994 | -33.4% |
| Fixed assets | 21/28 | €71,515 | €49,169 | -€22,346 | -31.2% |
| Tangible fixed assets | 22/27 | €71,515 | €49,169 | -€22,346 | -31.2% |
| Furniture and vehicles | 24 | €42,616 | €27,640 | -€14,976 | -35.1% |
| Other tangible fixed assets | 26 | €28,899 | €21,529 | -€7,370 | -25.5% |
| Current assets | 29/58 | €87,023 | €56,375 | -€30,648 | -35.2% |
| Stocks and contracts in progress | 3 | €33,243 | €19,309 | -€13,934 | -41.9% |
| Stocks | 30/36 | €33,243 | €19,309 | -€13,934 | -41.9% |
| Amounts receivable within one year | 40/41 | €8,676 | €334 | -€8,342 | -96.2% |
| Trade receivables | 40 | €400 | €334 | -€66 | -16.5% |
| Other amounts receivable | 41 | €8,276 | - | -€8,276 | |
| Cash at bank and in hand | 54/58 | €40,883 | €32,003 | -€8,881 | -21.7% |
| Deferred charges and accrued income | 490/1 | €4,221 | €4,730 | +€509 | +12.0% |
| Total equity and liabilities | 10/49 | €158,538 | €105,544 | -€52,994 | -33.4% |
| Equity | 10/15 | €67,197 | €42,695 | -€24,502 | -36.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,137 | €34,635 | -€24,502 | -41.4% |
| Amounts payable | 17/49 | €91,341 | €62,849 | -€28,492 | -31.2% |
| Amounts payable after more than one year | 17 | €16,262 | €6,106 | -€10,156 | -62.5% |
| Financial debts | 170/4 | €16,262 | €6,106 | -€10,156 | -62.5% |
| Amounts payable within one year | 42/48 | €75,080 | €56,743 | -€18,337 | -24.4% |
| Current portion of amounts payable after more than one year | 42 | €14,971 | €10,156 | -€4,815 | -32.2% |
| Financial debts | 43 | €683 | - | -€683 | |
| Credit institutions | 430/8 | €683 | - | -€683 | |
| Trade debts | 44 | €6,081 | €4,141 | -€1,940 | -31.9% |
| Suppliers | 440/4 | €6,081 | €4,141 | -€1,940 | -31.9% |
| Advances received on contracts in progress | 46 | €1,103 | €2,475 | +€1,372 | +124% |
| Taxes, remuneration and social security | 45 | €21,295 | €14,370 | -€6,925 | -32.5% |
| Taxes | 450/3 | €5,038 | €4,788 | -€250 | -5.0% |
| Remuneration and social security | 454/9 | €16,257 | €9,582 | -€6,675 | -41.1% |
| Other amounts payable | 47/48 | €30,947 | €25,601 | -€5,346 | -17.3% |
| Non-recurring operating income | 76A | €1,379 | - | -€1,379 | |
| Remuneration, social security and pensions | 62 | €56,402 | €58,266 | +€1,864 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,016 | €22,997 | +€4,982 | +27.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €14,778 | - | -€14,778 | |
| Other operating charges | 640/8 | €10,427 | €2,360 | -€8,066 | -77.4% |
| Gross operating margin | 9900 | €70,844 | €62,259 | -€8,585 | -12.1% |
| Operating profit (loss) | 9901 | -€28,778 | -€21,365 | +€7,414 | +25.8% |
| Financial income | 75/76B | €581 | €676 | +€95 | +16.4% |
| Recurring financial income | 75 | €581 | €676 | +€95 | +16.4% |
| Financial charges | 65/66B | €3,868 | €3,573 | -€294 | -7.6% |
| Recurring financial charges | 65 | €3,868 | €3,573 | -€294 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | -€32,065 | -€24,261 | +€7,803 | +24.3% |
| Income taxes | 67/77 | €212 | €240 | +€29 | +13.5% |
| Profit (loss) for the period | 9904 | -€32,276 | -€24,502 | +€7,775 | +24.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,276 | -€24,502 | +€7,775 | +24.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.