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AMARO CONSTRUCT: 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.

What changed

AMARO CONSTRUCT

BE 0511.960.060
NACE 43.990, Other specialised construction activities
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€38,656
2023 · €30,661+€7,995
Equity
€178,113
2023 · €139,457+€38,656
Cash
€46,260
2023 · €50,121-€3,861
Balance sheet total
€225,606
2023 · €233,867-€8,261

Largest movements

2023 to 2024
Assets
  • Tangible fixed assets -€6,984

    down €6,984 (-36.3%), from €19,260 to €12,276

  • Cash -€3,861

    down €3,861 (-7.7%), from €50,121 to €46,260

    mainly Trade debts (-€40,329) and Current portion of long-term debt (-€4,942)

  • Receivables within one year +€2,606

    up €2,606 (+1.6%), from €161,657 to €164,263

    of which Other amounts receivable: +€22,686

Equity and liabilities
  • Trade debts -€40,329

    down €40,329 (-74.8%), from €53,902 to €13,573

  • Profit (loss) carried forward +€38,656

    up €38,656 (+31.7%), from €121,959 to €160,615

  • Current portion of long-term debt -€4,942

    down €4,942 (-36.7%), from €13,471 to €8,529

Income statement
  • Taxes -€7,182

    down €7,182 (-42.6%), from €16,875 to €9,693

  • Other operating charges +€2,732

    up €2,732 (+82.3%), from €3,320 to €6,052

  • Depreciation -€1,972

    down €1,972 (-19.4%), from €10,171 to €8,199

  • Financial charges -€911

    down €911 (-76.0%), from €1,198 to €287

  • Gross operating margin +€662

    up €662 (+1.1%), from €62,225 to €62,887

From the 2023 result to the 2024 result

effect on the 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.

Result 2023 €30,661
Gross operating margin +€662
Depreciation +€1,972
Other operating charges -€2,732
Financial charges +€911
Taxes +€7,182
Result 2024 €38,656

Cash bridge derived

cash 2023 to 2024

Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.

From operations +€2,296
Investment -€1,215
Financing -€4,942
Cash 2023 €50,121
Net result for the year +€38,656
Depreciation +€8,199
Receivables within one year -€2,606
Deferred charges and accrued income +€22
Trade debts -€40,329
Tax, wage and social debts -€1,646
Investment in fixed assets (net) -€1,215
Current portion of long-term debt -€4,942
Cash 2024 €46,260
Every line side by side 35 lines
Line Code 2023 2024 Change %
Total assets 20/58 €233,867 €225,606 -€8,261 -3.5%
Fixed assets 21/28 €19,260 €12,276 -€6,984 -36.3%
Tangible fixed assets 22/27 €19,260 €12,276 -€6,984 -36.3%
Furniture and vehicles 24 €19,260 €12,276 -€6,984 -36.3%
Current assets 29/58 €214,607 €213,330 -€1,277 -0.6%
Amounts receivable within one year 40/41 €161,657 €164,263 +€2,606 +1.6%
Trade receivables 40 €92,062 €71,982 -€20,080 -21.8%
Other amounts receivable 41 €69,595 €92,281 +€22,686 +32.6%
Cash at bank and in hand 54/58 €50,121 €46,260 -€3,861 -7.7%
Deferred charges and accrued income 490/1 €2,829 €2,807 -€22 -0.8%
Total equity and liabilities 10/49 €233,867 €225,606 -€8,261 -3.5%
Equity 10/15 €139,457 €178,113 +€38,656 +27.7%
Contributions 10/11 €100 €100 = 0.0%
Reserves 13 €17,398 €17,398 = 0.0%
Non-distributable reserves 130/1 €17,398 €17,398 = 0.0%
Reserves not available under the articles 1311 €17,398 €17,398 = 0.0%
Profit (loss) carried forward 14 €121,959 €160,615 +€38,656 +31.7%
Amounts payable 17/49 €94,410 €47,493 -€46,917 -49.7%
Amounts payable within one year 42/48 €94,410 €47,493 -€46,917 -49.7%
Current portion of amounts payable after more than one year 42 €13,471 €8,529 -€4,942 -36.7%
Trade debts 44 €53,902 €13,573 -€40,329 -74.8%
Suppliers 440/4 €53,902 €13,573 -€40,329 -74.8%
Taxes, remuneration and social security 45 €27,037 €25,391 -€1,646 -6.1%
Taxes 450/3 €25,403 €24,621 -€782 -3.1%
Remuneration and social security 454/9 €1,634 €770 -€864 -52.9%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €10,171 €8,199 -€1,972 -19.4%
Other operating charges 640/8 €3,320 €6,052 +€2,732 +82.3%
Gross operating margin 9900 €62,225 €62,887 +€662 +1.1%
Operating profit (loss) 9901 €48,734 €48,636 -€98 -0.2%
Financial charges 65/66B €1,198 €287 -€911 -76.0%
Recurring financial charges 65 €1,198 €287 -€911 -76.0%
Profit (loss) for the period before taxes 9903 €47,536 €48,349 +€813 +1.7%
Income taxes 67/77 €16,875 €9,693 -€7,182 -42.6%
Profit (loss) for the period 9904 €30,661 €38,656 +€7,995 +26.1%
Profit (loss) for the period to be appropriated 9905 €30,661 €38,656 +€7,995 +26.1%

Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.