AMAUGEST: 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.
AMAUGEST
Largest movements
- Financial fixed assets -€2.8m
down €2.8m (-99.9%), from €2.8m to €2,700
- Cash +€1.3m
new in 2025: €1.3m
mainly Investment in fixed assets (net) (+€2.4m) and Net result for the year (+€1.6m)
- Tangible fixed assets +€351,565
up €351,565 (+30.8%), from €1.1m to €1.5m
of which Other tangible fixed assets: +€376,159
- Receivables within one year -€77,858
down €77,858 (-49.1%), from €158,477 to €80,619
of which Other amounts receivable: -€67,484
- Revaluation surpluses -€2.8m
no longer reported in 2025 (was €2.8m)
- Profit (loss) carried forward +€1.5m
up €1.5m, from -€6,469 to €1.5m
- Trade debts -€142,635
down €142,635 (-92.6%), from €154,060 to €11,425
- Reserves +€110,329
new in 2025: €110,329
- Debts after one year +€90,614
up €90,614 (+9.6%), from €944,682 to €1.0m
- Financial income +€1.4m
up €1.4m (+635749140.9%), from €0 to €1.4m
- Gross operating margin +€347,382
up €347,382 (+540.3%), from €64,290 to €411,672
- Taxes +€36,970
new in 2025: €36,970
- Financial charges +€17,091
up €17,091 (+49.3%), from €34,653 to €51,744
- Depreciation +€16,926
up €16,926 (+35.8%), from €47,307 to €64,234
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 | €4,115,444 | €2,829,297 | -€1.3m | -31.3% |
| Fixed assets | 21/28 | €3,955,965 | €1,496,395 | -€2.5m | -62.2% |
| Tangible fixed assets | 22/27 | €1,142,130 | €1,493,695 | +€351,565 | +30.8% |
| Land and buildings | 22 | €950,592 | €928,255 | -€22,336 | -2.3% |
| Plant, machinery and equipment | 23 | €7,342 | €5,193 | -€2,149 | -29.3% |
| Furniture and vehicles | 24 | €108 | - | -€108 | |
| Other tangible fixed assets | 26 | €184,088 | €560,247 | +€376,159 | +204.3% |
| Financial fixed assets | 28 | €2,813,836 | €2,700 | -€2.8m | -99.9% |
| Current assets | 29/58 | €159,479 | €1,332,902 | +€1.2m | +735.8% |
| Amounts receivable within one year | 40/41 | €158,477 | €80,619 | -€77,858 | -49.1% |
| Trade receivables | 40 | €11,663 | €1,289 | -€10,374 | -88.9% |
| Other amounts receivable | 41 | €146,814 | €79,330 | -€67,484 | -46.0% |
| Cash at bank and in hand | 54/58 | - | €1,250,816 | +€1.3m | |
| Deferred charges and accrued income | 490/1 | €1,002 | €1,467 | +€465 | +46.4% |
| Total equity and liabilities | 10/49 | €4,115,444 | €2,829,297 | -€1.3m | -31.3% |
| Equity | 10/15 | €2,824,467 | €1,629,383 | -€1.2m | -42.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €2,812,336 | - | -€2.8m | |
| Reserves | 13 | - | €110,329 | +€110,329 | |
| Tax-exempt reserves | 132 | - | €110,329 | +€110,329 | |
| Profit (loss) carried forward | 14 | -€6,469 | €1,500,454 | +€1.5m | |
| Provisions and deferred taxes | 16 | - | €36,776 | +€36,776 | |
| Deferred taxes | 168 | - | €36,776 | +€36,776 | |
| Amounts payable | 17/49 | €1,290,977 | €1,163,138 | -€127,839 | -9.9% |
| Amounts payable after more than one year | 17 | €944,682 | €1,035,296 | +€90,614 | +9.6% |
| Financial debts | 170/4 | €944,682 | €1,035,296 | +€90,614 | +9.6% |
| Amounts payable within one year | 42/48 | €346,295 | €127,842 | -€218,453 | -63.1% |
| Current portion of amounts payable after more than one year | 42 | €52,646 | €48,764 | -€3,881 | -7.4% |
| Financial debts | 43 | €80,336 | - | -€80,336 | |
| Credit institutions | 430/8 | €80,336 | - | -€80,336 | |
| Trade debts | 44 | €154,060 | €11,425 | -€142,635 | -92.6% |
| Suppliers | 440/4 | €154,060 | €11,425 | -€142,635 | -92.6% |
| Taxes, remuneration and social security | 45 | €22,807 | €67,653 | +€44,846 | +196.6% |
| Taxes | 450/3 | €22,807 | €67,653 | +€44,846 | +196.6% |
| Other amounts payable | 47/48 | €36,446 | - | -€36,446 | |
| Remuneration, social security and pensions | 62 | €138 | €144 | +€7 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,307 | €64,234 | +€16,926 | +35.8% |
| Other operating charges | 640/8 | €3,016 | €3,200 | +€185 | +6.1% |
| Gross operating margin | 9900 | €64,290 | €411,672 | +€347,382 | +540.3% |
| Operating profit (loss) | 9901 | €13,829 | €344,094 | +€330,264 | +2388.2% |
| Financial income | 75/76B | €0 | €1,398,648 | +€1.4m | +635749140.9% |
| Recurring financial income | 75 | €0 | €1,398,648 | +€1.4m | +635749140.9% |
| Financial charges | 65/66B | €34,653 | €51,744 | +€17,091 | +49.3% |
| Recurring financial charges | 65 | €34,653 | €51,744 | +€17,091 | +49.3% |
| Profit (loss) for the period before taxes | 9903 | -€20,824 | €1,690,997 | +€1.7m | |
| Transfer to deferred taxes | 680 | - | €36,776 | +€36,776 | |
| Income taxes | 67/77 | - | €36,970 | +€36,970 | |
| Profit (loss) for the period | 9904 | -€20,824 | €1,617,252 | +€1.6m | |
| Transfer to tax-exempt reserves | 689 | - | €110,329 | +€110,329 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,824 | €1,506,923 | +€1.5m |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.