AMARONE: 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.
AMARONE
Largest movements
- Current investments -€7.9m
down €7.9m (-56.9%), from €13.9m to €6.0m
- Cash +€6.0m
up €6.0m (+1,304%), from €460,217 to €6.5m
mainly Current investments (+€7.9m) and Net result for the year (+€2.5m)
- Tangible fixed assets +€1.8m
up €1.8m (+284%), from €620,778 to €2.4m
of which Assets under construction and advance payments: +€1.6m
- Reserves +€2.5m
up €2.5m (+7.4%), from €34.3m to €36.8m
- Other debts -€2.5m
down €2.5m (-34.3%), from €7.3m to €4.8m
- Financial income -€319,916
down €319,916 (-9.5%), from €3.4m to €3.0m
- Financial charges +€95,021
up €95,021 (+157%), from €60,633 to €155,653
- Taxes -€40,570
down €40,570 (-13.8%), from €293,784 to €253,214
- Gross operating margin -€27,445
down €27,445 (-89.1%), from -€30,795 to -€58,240
- Other operating charges +€3,693
up €3,693 (+37.3%), from €9,888 to €13,581
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 | €66,973,523 | €66,866,480 | -€107,042 | -0.2% |
| Fixed assets | 21/28 | €52,528,111 | €54,289,163 | +€1.8m | +3.4% |
| Tangible fixed assets | 22/27 | €620,778 | €2,381,830 | +€1.8m | +284% |
| Plant, machinery and equipment | 23 | €245 | €2,567 | +€2,321 | +946% |
| Furniture and vehicles | 24 | €133,650 | €316,353 | +€182,703 | +137% |
| Other tangible fixed assets | 26 | €486,883 | €490,473 | +€3,590 | +0.7% |
| Assets under construction and advance payments | 27 | - | €1,572,437 | +€1.6m | |
| Financial fixed assets | 28 | €51,907,333 | €51,907,333 | = | 0.0% |
| Current assets | 29/58 | €14,445,412 | €12,577,317 | -€1.9m | -12.9% |
| Amounts receivable after more than one year | 29 | €76,926 | €72,402 | -€4,525 | -5.9% |
| Other amounts receivable | 291 | €76,926 | €72,402 | -€4,525 | -5.9% |
| Amounts receivable within one year | 40/41 | €20,268 | €55,350 | +€35,083 | +173% |
| Trade receivables | 40 | €20,268 | €55,350 | +€35,083 | +173% |
| Current investments | 50/53 | €13,866,938 | €5,982,622 | -€7.9m | -56.9% |
| Cash at bank and in hand | 54/58 | €460,217 | €6,460,241 | +€6.0m | +1,304% |
| Deferred charges and accrued income | 490/1 | €21,064 | €6,703 | -€14,361 | -68.2% |
| Total equity and liabilities | 10/49 | €66,973,523 | €66,866,480 | -€107,042 | -0.2% |
| Equity | 10/15 | €59,316,172 | €61,846,366 | +€2.5m | +4.3% |
| Contributions | 10/11 | €25,000,000 | €25,000,000 | = | 0.0% |
| Reserves | 13 | €34,316,172 | €36,846,366 | +€2.5m | +7.4% |
| Distributable reserves | 133 | €34,316,172 | €36,846,366 | +€2.5m | +7.4% |
| Amounts payable | 17/49 | €7,657,351 | €5,020,115 | -€2.6m | -34.4% |
| Amounts payable within one year | 42/48 | €7,656,433 | €5,017,970 | -€2.6m | -34.5% |
| Financial debts | 43 | €2,184 | €42 | -€2,142 | -98.1% |
| Credit institutions | 430/8 | €2,184 | €42 | -€2,142 | -98.1% |
| Trade debts | 44 | €130,817 | €11,518 | -€119,299 | -91.2% |
| Suppliers | 440/4 | €130,817 | €11,518 | -€119,299 | -91.2% |
| Taxes, remuneration and social security | 45 | €217,740 | €203,529 | -€14,211 | -6.5% |
| Taxes | 450/3 | €217,740 | €203,529 | -€14,211 | -6.5% |
| Other amounts payable | 47/48 | €7,305,692 | €4,802,881 | -€2.5m | -34.3% |
| Accrued charges and deferred income | 492/3 | €917 | €2,145 | +€1,227 | +134% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,615 | €20,155 | +€540 | +2.8% |
| Other operating charges | 640/8 | €9,888 | €13,581 | +€3,693 | +37.3% |
| Gross operating margin | 9900 | -€30,795 | -€58,240 | -€27,445 | -89.1% |
| Operating profit (loss) | 9901 | -€60,298 | -€91,976 | -€31,677 | -52.5% |
| Financial income | 75/76B | €3,350,953 | €3,031,037 | -€319,916 | -9.5% |
| Recurring financial income | 75 | €3,350,953 | €3,031,037 | -€319,916 | -9.5% |
| Financial charges | 65/66B | €60,633 | €155,653 | +€95,021 | +157% |
| Recurring financial charges | 65 | €60,633 | €155,653 | +€95,021 | +157% |
| Profit (loss) for the period before taxes | 9903 | €3,230,021 | €2,783,408 | -€446,614 | -13.8% |
| Income taxes | 67/77 | €293,784 | €253,214 | -€40,570 | -13.8% |
| Profit (loss) for the period | 9904 | €2,936,238 | €2,530,194 | -€406,044 | -13.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,936,238 | €2,530,194 | -€406,044 | -13.8% |
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 27 October 2026 via checked.be.