AMBAX: 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.
AMBAX
Largest movements
- Receivables within one year +€85,707
up €85,707 (+42.3%), from €202,545 to €288,252
of which Other amounts receivable: +€75,990
- Deferred charges and accrued income +€30,591
up €30,591 (+726.2%), from €4,213 to €34,804
- Cash +€17,127
up €17,127 (+69.7%), from €24,558 to €41,685
mainly Net result for the year (+€76,915) and Trade debts (+€28,901)
- Reserves +€76,082
up €76,082 (+49.5%), from €153,585 to €229,666
- Trade debts +€28,901
up €28,901 (+1205.2%), from €2,398 to €31,299
- Other debts +€18,139
up €18,139 (+2177.6%), from €833 to €18,972
- Short-term financial debts +€14,655
new in 2025: €14,655
- Financial charges +€56,827
up €56,827 (+3312.4%), from €1,716 to €58,543
- Provisions -€47,779
down €47,779, from €45,910 to -€1,869
- Gross operating margin +€43,383
up €43,383 (+41.1%), from €105,443 to €148,826
- Financial income +€3,343
up €3,343 (+59.1%), from €5,661 to €9,004
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 | €232,126 | €365,244 | +€133,118 | +57.3% |
| Fixed assets | 21/28 | €811 | €503 | -€307 | -37.9% |
| Tangible fixed assets | 22/27 | €811 | €503 | -€307 | -37.9% |
| Furniture and vehicles | 24 | €811 | €503 | -€307 | -37.9% |
| Current assets | 29/58 | €231,315 | €364,741 | +€133,426 | +57.7% |
| Amounts receivable within one year | 40/41 | €202,545 | €288,252 | +€85,707 | +42.3% |
| Trade receivables | 40 | €23,951 | €33,668 | +€9,718 | +40.6% |
| Other amounts receivable | 41 | €178,594 | €254,584 | +€75,990 | +42.5% |
| Cash at bank and in hand | 54/58 | €24,558 | €41,685 | +€17,127 | +69.7% |
| Deferred charges and accrued income | 490/1 | €4,213 | €34,804 | +€30,591 | +726.2% |
| Total equity and liabilities | 10/49 | €232,126 | €365,244 | +€133,118 | +57.3% |
| Equity | 10/15 | €156,585 | €232,666 | +€76,082 | +48.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €153,585 | €229,666 | +€76,082 | +49.5% |
| Distributable reserves | 133 | €153,585 | €229,666 | +€76,082 | +49.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €45,910 | €44,041 | -€1,869 | -4.1% |
| Provisions for liabilities and charges | 160/5 | €45,910 | €44,041 | -€1,869 | -4.1% |
| Other liabilities and charges | 164/5 | €45,910 | €44,041 | -€1,869 | -4.1% |
| Amounts payable | 17/49 | €29,631 | €88,537 | +€58,905 | +198.8% |
| Amounts payable within one year | 42/48 | €29,143 | €88,032 | +€58,890 | +202.1% |
| Financial debts | 43 | - | €14,655 | +€14,655 | |
| Credit institutions | 430/8 | - | €14,655 | +€14,655 | |
| Trade debts | 44 | €2,398 | €31,299 | +€28,901 | +1205.2% |
| Suppliers | 440/4 | €2,398 | €31,299 | +€28,901 | +1205.2% |
| Taxes, remuneration and social security | 45 | €25,912 | €23,106 | -€2,805 | -10.8% |
| Taxes | 450/3 | €25,912 | €23,106 | -€2,805 | -10.8% |
| Other amounts payable | 47/48 | €833 | €18,972 | +€18,139 | +2177.6% |
| Accrued charges and deferred income | 492/3 | €488 | €504 | +€16 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €640 | €307 | -€333 | -52.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €45,910 | -€1,869 | -€47,779 | |
| Other operating charges | 640/8 | €1,624 | €697 | -€928 | -57.1% |
| Gross operating margin | 9900 | €105,443 | €148,826 | +€43,383 | +41.1% |
| Operating profit (loss) | 9901 | €57,269 | €149,690 | +€92,422 | +161.4% |
| Financial income | 75/76B | €5,661 | €9,004 | +€3,343 | +59.1% |
| Recurring financial income | 75 | €5,661 | €9,004 | +€3,343 | +59.1% |
| Financial charges | 65/66B | €1,716 | €58,543 | +€56,827 | +3312.4% |
| Recurring financial charges | 65 | €1,716 | €58,543 | +€56,827 | +3312.4% |
| Profit (loss) for the period before taxes | 9903 | €61,214 | €100,151 | +€38,937 | +63.6% |
| Income taxes | 67/77 | €23,106 | €23,237 | +€130 | +0.6% |
| Profit (loss) for the period | 9904 | €38,108 | €76,915 | +€38,807 | +101.8% |
| Profit (loss) for the period to be appropriated | 9905 | €38,108 | €76,915 | +€38,807 | +101.8% |
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.