AMATEX: 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.
AMATEX
Largest movements
- Tangible fixed assets +€26,724
new in 2025: €26,724
- Cash -€24,220
down €24,220 (-26.5%), from €91,497 to €67,277
mainly Investment in fixed assets (net) (-€34,430) and Contributions, distributions and other (-€15,559)
- Intangible fixed assets -€4,686
down €4,686 (-57.3%), from €8,183 to €3,496
- Reserves -€17,271
down €17,271 (-16.3%), from €105,911 to €88,640
- Debts after one year +€12,001
new in 2025: €12,001
- Current portion of long-term debt +€4,855
new in 2025: €4,855
- Depreciation +€7,706
up €7,706 (+164.4%), from €4,686 to €12,393
- Gross operating margin +€4,231
up €4,231 (+25.0%), from €16,947 to €21,178
- Other operating charges +€4,194
up €4,194 (+374.1%), from €1,121 to €5,315
- Financial income -€1,404
down €1,404 (-87.7%), from €1,601 to €198
- Taxes -€1,092
down €1,092 (-24.8%), from €4,401 to €3,308
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 | €220,018 | €217,847 | -€2,170 | -1.0% |
| Fixed assets | 21/28 | €8,183 | €30,220 | +€22,038 | +269.3% |
| Intangible fixed assets | 21 | €8,183 | €3,496 | -€4,686 | -57.3% |
| Tangible fixed assets | 22/27 | - | €26,724 | +€26,724 | |
| Furniture and vehicles | 24 | - | €26,724 | +€26,724 | |
| Current assets | 29/58 | €211,835 | €187,627 | -€24,208 | -11.4% |
| Stocks and contracts in progress | 3 | €58,300 | €58,300 | = | 0.0% |
| Stocks | 30/36 | €58,300 | €58,300 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €61,813 | €61,700 | -€112 | -0.2% |
| Trade receivables | 40 | €25,935 | €44,591 | +€18,656 | +71.9% |
| Other amounts receivable | 41 | €35,878 | €17,109 | -€18,769 | -52.3% |
| Cash at bank and in hand | 54/58 | €91,497 | €67,277 | -€24,220 | -26.5% |
| Deferred charges and accrued income | 490/1 | €225 | €350 | +€125 | +55.6% |
| Total equity and liabilities | 10/49 | €220,018 | €217,847 | -€2,170 | -1.0% |
| Equity | 10/15 | €124,503 | €107,232 | -€17,271 | -13.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €105,911 | €88,640 | -€17,271 | -16.3% |
| Distributable reserves | 133 | €105,911 | €88,640 | -€17,271 | -16.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €95,515 | €110,615 | +€15,101 | +15.8% |
| Amounts payable after more than one year | 17 | - | €12,001 | +€12,001 | |
| Financial debts | 170/4 | - | €12,001 | +€12,001 | |
| Amounts payable within one year | 42/48 | €95,515 | €98,614 | +€3,100 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | - | €4,855 | +€4,855 | |
| Trade debts | 44 | €91,114 | €90,451 | -€663 | -0.7% |
| Suppliers | 440/4 | €91,114 | €90,451 | -€663 | -0.7% |
| Taxes, remuneration and social security | 45 | €4,401 | €3,308 | -€1,092 | -24.8% |
| Taxes | 450/3 | €4,401 | €3,308 | -€1,092 | -24.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,686 | €12,393 | +€7,706 | +164.4% |
| Other operating charges | 640/8 | €1,121 | €5,315 | +€4,194 | +374.1% |
| Gross operating margin | 9900 | €16,947 | €21,178 | +€4,231 | +25.0% |
| Operating profit (loss) | 9901 | €11,140 | €3,471 | -€7,669 | -68.8% |
| Financial income | 75/76B | €1,601 | €198 | -€1,404 | -87.7% |
| Recurring financial income | 75 | €1,601 | €198 | -€1,404 | -87.7% |
| Financial charges | 65/66B | €1,544 | €2,072 | +€528 | +34.2% |
| Recurring financial charges | 65 | €1,544 | €2,072 | +€528 | +34.2% |
| Profit (loss) for the period before taxes | 9903 | €11,197 | €1,596 | -€9,601 | -85.7% |
| Income taxes | 67/77 | €4,401 | €3,308 | -€1,092 | -24.8% |
| Profit (loss) for the period | 9904 | €6,796 | -€1,712 | -€8,508 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,796 | -€1,712 | -€8,508 |
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 12 October 2026 via checked.be.