AMCA: 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.
AMCA
Largest movements
- Financial fixed assets -€170,000
down €170,000 (-100.0%), from €170,000 to €0
- Cash +€70,445
up €70,445 (+263.9%), from €26,698 to €97,143
mainly Investment in fixed assets (net) (+€168,885) and Net result for the year (+€27,685)
- Receivables after one year +€50,000
new in 2025: €50,000
- Debts after one year -€74,451
down €74,451 (-65.9%), from €113,020 to €38,569
- Reserves +€27,685
up €27,685 (+58.9%), from €47,015 to €74,699
- Tax, wage and social debts -€2,591
down €2,591 (-30.3%), from €8,544 to €5,953
of which Taxes: -€7,032
- Financial income -€8,846
down €8,846 (-59.0%), from €15,000 to €6,154
- Taxes -€5,575
down €5,575 (-50.2%), from €11,108 to €5,534
- Gross operating margin -€3,952
down €3,952 (-10.6%), from €37,126 to €33,174
- Financial charges -€1,276
down €1,276 (-24.7%), from €5,156 to €3,880
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 | €212,268 | €163,166 | -€49,102 | -23.1% |
| Formation expenses | 20 | €1,015 | €718 | -€296 | -29.2% |
| Fixed assets | 21/28 | €176,095 | €5,626 | -€170,470 | -96.8% |
| Tangible fixed assets | 22/27 | €6,095 | €5,626 | -€470 | -7.7% |
| Plant, machinery and equipment | 23 | €1,069 | €2,050 | +€981 | +91.7% |
| Furniture and vehicles | 24 | €5,026 | €3,576 | -€1,450 | -28.9% |
| Financial fixed assets | 28 | €170,000 | €0 | -€170,000 | -100.0% |
| Current assets | 29/58 | €35,158 | €156,822 | +€121,664 | +346.1% |
| Amounts receivable after more than one year | 29 | - | €50,000 | +€50,000 | |
| Other amounts receivable | 291 | - | €50,000 | +€50,000 | |
| Amounts receivable within one year | 40/41 | €7,966 | €8,740 | +€774 | +9.7% |
| Trade receivables | 40 | €7,966 | €4,166 | -€3,800 | -47.7% |
| Other amounts receivable | 41 | €0 | €4,575 | +€4,575 | |
| Cash at bank and in hand | 54/58 | €26,698 | €97,143 | +€70,445 | +263.9% |
| Deferred charges and accrued income | 490/1 | €494 | €939 | +€445 | +90.0% |
| Total equity and liabilities | 10/49 | €212,268 | €163,166 | -€49,102 | -23.1% |
| Equity | 10/15 | €57,015 | €84,699 | +€27,685 | +48.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €47,015 | €74,699 | +€27,685 | +58.9% |
| Distributable reserves | 133 | €47,015 | €74,699 | +€27,685 | +58.9% |
| Amounts payable | 17/49 | €155,253 | €78,466 | -€76,787 | -49.5% |
| Amounts payable after more than one year | 17 | €113,020 | €38,569 | -€74,451 | -65.9% |
| Financial debts | 170/4 | €113,020 | €38,569 | -€74,451 | -65.9% |
| Amounts payable within one year | 42/48 | €42,233 | €39,897 | -€2,335 | -5.5% |
| Current portion of amounts payable after more than one year | 42 | €23,488 | €24,451 | +€963 | +4.1% |
| Trade debts | 44 | €638 | €148 | -€490 | -76.8% |
| Suppliers | 440/4 | €638 | €148 | -€490 | -76.8% |
| Taxes, remuneration and social security | 45 | €8,544 | €5,953 | -€2,591 | -30.3% |
| Taxes | 450/3 | €8,544 | €1,512 | -€7,032 | -82.3% |
| Remuneration and social security | 454/9 | - | €4,441 | +€4,441 | |
| Other amounts payable | 47/48 | €9,563 | €9,345 | -€218 | -2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,802 | €1,881 | +€78 | +4.3% |
| Other operating charges | 640/8 | €139 | €349 | +€210 | +151.1% |
| Gross operating margin | 9900 | €37,126 | €33,174 | -€3,952 | -10.6% |
| Operating profit (loss) | 9901 | €35,185 | €30,944 | -€4,240 | -12.1% |
| Financial income | 75/76B | €15,000 | €6,154 | -€8,846 | -59.0% |
| Recurring financial income | 75 | €15,000 | €6,154 | -€8,846 | -59.0% |
| Financial charges | 65/66B | €5,156 | €3,880 | -€1,276 | -24.7% |
| Recurring financial charges | 65 | €5,156 | €3,880 | -€1,276 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | €45,029 | €33,218 | -€11,811 | -26.2% |
| Income taxes | 67/77 | €11,108 | €5,534 | -€5,575 | -50.2% |
| Profit (loss) for the period | 9904 | €33,920 | €27,685 | -€6,236 | -18.4% |
| Profit (loss) for the period to be appropriated | 9905 | €33,920 | €27,685 | -€6,236 | -18.4% |
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 7 October 2026 via checked.be.