AMARUQ: 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.
AMARUQ
Largest movements
- Stocks and contracts -€17,606
down €17,606 (-34.4%), from €51,181 to €33,575
- Cash -€7,963
down €7,963 (-27.1%), from €29,347 to €21,385
mainly Debts after one year (-€29,525) and Tax, wage and social debts (-€2,752)
- Tangible fixed assets -€2,509
down €2,509 (-67.8%), from €3,699 to €1,190
of which Furniture and vehicles: -€1,801
- Receivables within one year -€1,668
down €1,668 (-54.7%), from €3,051 to €1,382
of which Trade receivables: -€2,068
- Debts after one year -€29,525
down €29,525 (-49.5%), from €59,661 to €30,136
- Profit (loss) carried forward +€2,798
up €2,798 (+4.0%), from -€70,185 to -€67,387
- Tax, wage and social debts -€2,752
no longer reported in 2025 (was €2,752)
- Gross operating margin +€22,145
up €22,145, from -€15,685 to €6,460
- Depreciation -€9,302
down €9,302 (-78.2%), from €11,896 to €2,594
- Financial charges +€258
up €258 (+79.1%), from €326 to €583
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.
Cash bridge derived
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 | €88,889 | €59,212 | -€29,677 | -33.4% |
| Fixed assets | 21/28 | €4,187 | €1,593 | -€2,594 | -61.9% |
| Intangible fixed assets | 21 | €489 | €404 | -€85 | -17.4% |
| Tangible fixed assets | 22/27 | €3,699 | €1,190 | -€2,509 | -67.8% |
| Plant, machinery and equipment | 23 | €1,261 | €553 | -€708 | -56.1% |
| Furniture and vehicles | 24 | €2,437 | €637 | -€1,801 | -73.9% |
| Current assets | 29/58 | €84,702 | €57,618 | -€27,083 | -32.0% |
| Stocks and contracts in progress | 3 | €51,181 | €33,575 | -€17,606 | -34.4% |
| Stocks | 30/36 | €51,181 | €33,575 | -€17,606 | -34.4% |
| Amounts receivable within one year | 40/41 | €3,051 | €1,382 | -€1,668 | -54.7% |
| Trade receivables | 40 | €3,051 | €982 | -€2,068 | -67.8% |
| Other amounts receivable | 41 | - | €400 | +€400 | |
| Cash at bank and in hand | 54/58 | €29,347 | €21,385 | -€7,963 | -27.1% |
| Deferred charges and accrued income | 490/1 | €1,123 | €1,276 | +€154 | +13.7% |
| Total equity and liabilities | 10/49 | €88,889 | €59,212 | -€29,677 | -33.4% |
| Equity | 10/15 | €26,199 | €28,997 | +€2,798 | +10.7% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €16,385 | €16,385 | = | 0.0% |
| Distributable reserves | 133 | €16,385 | €16,385 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€70,185 | -€67,387 | +€2,798 | +4.0% |
| Amounts payable | 17/49 | €62,690 | €30,215 | -€32,475 | -51.8% |
| Amounts payable after more than one year | 17 | €59,661 | €30,136 | -€29,525 | -49.5% |
| Other amounts payable | 178/9 | €59,661 | €30,136 | -€29,525 | -49.5% |
| Amounts payable within one year | 42/48 | €3,029 | €79 | -€2,950 | -97.4% |
| Trade debts | 44 | €277 | €79 | -€198 | -71.6% |
| Suppliers | 440/4 | €277 | €79 | -€198 | -71.6% |
| Taxes, remuneration and social security | 45 | €2,752 | - | -€2,752 | |
| Taxes | 450/3 | €2,752 | - | -€2,752 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,896 | €2,594 | -€9,302 | -78.2% |
| Other operating charges | 640/8 | €472 | €485 | +€12 | +2.6% |
| Gross operating margin | 9900 | -€15,685 | €6,460 | +€22,145 | |
| Operating profit (loss) | 9901 | -€28,054 | €3,381 | +€31,435 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €326 | €583 | +€258 | +79.1% |
| Recurring financial charges | 65 | €326 | €583 | +€258 | +79.1% |
| Profit (loss) for the period before taxes | 9903 | -€28,379 | €2,798 | +€31,177 | |
| Profit (loss) for the period | 9904 | -€28,379 | €2,798 | +€31,177 | |
| Profit (loss) for the period to be appropriated | 9905 | -€28,379 | €2,798 | +€31,177 |
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 9 October 2026 via checked.be.