AMBAR: 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.
AMBAR
Largest movements
- Current investments +€246,419
new in 2025: €246,419
- Cash -€140,613
down €140,613 (-45.7%), from €307,988 to €167,375
mainly Current investments (-€246,419) and Debts after one year (-€48,665)
- Tangible fixed assets -€42,722
down €42,722 (-6.1%), from €697,333 to €654,611
of which Land and buildings: -€30,750
- Reserves +€131,000
up €131,000 (+47.6%), from €275,460 to €406,460
- Debts after one year -€48,665
down €48,665 (-20.6%), from €236,463 to €187,799
- Short-term financial debts -€12,044
no longer reported in 2025 (was €12,044)
- Staff costs +€62,960
up €62,960 (+87.1%), from €72,265 to €135,225
- Gross operating margin +€48,321
up €48,321 (+13.1%), from €369,168 to €417,489
- Taxes -€5,666
down €5,666 (-9.2%), from €61,450 to €55,784
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 | €1,033,783 | €1,095,241 | +€61,458 | +5.9% |
| Fixed assets | 21/28 | €707,333 | €654,611 | -€52,722 | -7.5% |
| Intangible fixed assets | 21 | €10,000 | - | -€10,000 | |
| Tangible fixed assets | 22/27 | €697,333 | €654,611 | -€42,722 | -6.1% |
| Land and buildings | 22 | €516,065 | €485,314 | -€30,750 | -6.0% |
| Plant, machinery and equipment | 23 | €64,825 | €63,025 | -€1,800 | -2.8% |
| Furniture and vehicles | 24 | €1,805 | €5,196 | +€3,391 | +187.8% |
| Other tangible fixed assets | 26 | €114,638 | €101,075 | -€13,562 | -11.8% |
| Current assets | 29/58 | €326,450 | €440,630 | +€114,180 | +35.0% |
| Stocks and contracts in progress | 3 | €6,415 | €6,306 | -€109 | -1.7% |
| Stocks | 30/36 | €6,415 | €6,306 | -€109 | -1.7% |
| Amounts receivable within one year | 40/41 | €8,582 | €11,814 | +€3,231 | +37.6% |
| Trade receivables | 40 | €2,619 | €3,496 | +€876 | +33.5% |
| Other amounts receivable | 41 | €5,963 | €8,318 | +€2,355 | +39.5% |
| Current investments | 50/53 | - | €246,419 | +€246,419 | |
| Cash at bank and in hand | 54/58 | €307,988 | €167,375 | -€140,613 | -45.7% |
| Deferred charges and accrued income | 490/1 | €3,465 | €8,717 | +€5,252 | +151.6% |
| Total equity and liabilities | 10/49 | €1,033,783 | €1,095,241 | +€61,458 | +5.9% |
| Equity | 10/15 | €645,133 | €776,185 | +€131,052 | +20.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €275,460 | €406,460 | +€131,000 | +47.6% |
| Distributable reserves | 133 | €275,460 | €406,460 | +€131,000 | +47.6% |
| Profit (loss) carried forward | 14 | €351,073 | €351,125 | +€52 | 0.0% |
| Amounts payable | 17/49 | €388,651 | €319,056 | -€69,594 | -17.9% |
| Amounts payable after more than one year | 17 | €236,463 | €187,799 | -€48,665 | -20.6% |
| Financial debts | 170/4 | €236,463 | €187,799 | -€48,665 | -20.6% |
| Amounts payable within one year | 42/48 | €151,890 | €130,020 | -€21,870 | -14.4% |
| Current portion of amounts payable after more than one year | 42 | €61,512 | €52,695 | -€8,817 | -14.3% |
| Financial debts | 43 | €12,044 | - | -€12,044 | |
| Credit institutions | 430/8 | €12,044 | - | -€12,044 | |
| Trade debts | 44 | €35,352 | €41,413 | +€6,061 | +17.1% |
| Suppliers | 440/4 | €35,352 | €41,413 | +€6,061 | +17.1% |
| Advances received on contracts in progress | 46 | €3,531 | €3,606 | +€74 | +2.1% |
| Taxes, remuneration and social security | 45 | €39,450 | €32,306 | -€7,144 | -18.1% |
| Taxes | 450/3 | €28,674 | €18,773 | -€9,901 | -34.5% |
| Remuneration and social security | 454/9 | €10,776 | €13,533 | +€2,757 | +25.6% |
| Accrued charges and deferred income | 492/3 | €297 | €1,238 | +€941 | +316.7% |
| Remuneration, social security and pensions | 62 | €72,265 | €135,225 | +€62,960 | +87.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,142 | €80,515 | +€2,373 | +3.0% |
| Other operating charges | 640/8 | €6,975 | €7,513 | +€538 | +7.7% |
| Gross operating margin | 9900 | €369,168 | €417,489 | +€48,321 | +13.1% |
| Operating profit (loss) | 9901 | €211,786 | €194,236 | -€17,549 | -8.3% |
| Financial income | 75/76B | €58 | €3,511 | +€3,453 | +5978.4% |
| Recurring financial income | 75 | €58 | €3,511 | +€3,453 | +5978.4% |
| Financial charges | 65/66B | €10,351 | €10,911 | +€560 | +5.4% |
| Recurring financial charges | 65 | €10,351 | €10,911 | +€560 | +5.4% |
| Profit (loss) for the period before taxes | 9903 | €201,492 | €186,836 | -€14,656 | -7.3% |
| Income taxes | 67/77 | €61,450 | €55,784 | -€5,666 | -9.2% |
| Profit (loss) for the period | 9904 | €140,042 | €131,052 | -€8,990 | -6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €140,042 | €131,052 | -€8,990 | -6.4% |
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 6 October 2026 via checked.be.