AMCAL: what changed
What changed
AMCAL
NACE 43.990, Other specialised construction activities
filed annual accounts (NBB)
Net result for the year
€1.3m
2024 · €1.6m-€281,853
Equity
€2.7m
2024 · €2.1m+€627,570
Cash
€586,858
2024 · €414,805+€172,053
Balance sheet total
€4.4m
2024 · €4.1m+€229,141
Largest movements
Assets
- Cash +€172,053
up €172,053 (+41.5%), from €414,805 to €586,858
mainly Net result for the year (+€1.3m) and Other debts (+€607,055)
- Stocks and contracts +€103,390
up €103,390 (+12.7%), from €813,133 to €916,523
of which Stocks: +€101,257
- Tangible fixed assets -€98,434
down €98,434 (-7.3%), from €1.3m to €1.2m
of which Plant, machinery and equipment: -€138,176
- Receivables within one year +€61,646
up €61,646 (+5.1%), from €1.2m to €1.3m
of which Trade receivables: +€161,534
Equity and liabilities
- Debts after one year -€884,225
down €884,225 (-56.0%), from €1.6m to €693,674
- Reserves +€627,570
up €627,570 (+30.3%), from €2.1m to €2.7m
of which Distributable reserves: +€627,570
- Other debts +€607,055
up €607,055 (+1,376%), from €44,119 to €651,174
- Trade debts -€214,580
down €214,580 (-78.4%), from €273,845 to €59,265
- Accrued charges and deferred income +€49,168
up €49,168 (+101%), from €48,496 to €97,664
Income statement
- Staff costs +€184,634
up €184,634 (+28.3%), from €653,133 to €837,767
- Gross operating margin -€175,865
down €175,865 (-6.1%), from €2.9m to €2.7m
- Taxes -€94,917
down €94,917 (-18.6%), from €509,535 to €414,618
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€1.6m
Gross operating margin
-€175,865
Staff costs
-€184,634
Depreciation
-€2,905
Other operating charges
-€2,429
Financial income
-€9,893
Financial charges
-€1,044
Taxes
+€94,917
Result 2025
€1.3m
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1.8m
Investment
-€81,942
Financing
-€1.5m
Cash 2024
€414,805
From operations (derived)
+€1.8m
Net result for the year
+€1.3m
Depreciation
+€189,664
Stocks and contracts
-€103,390
Receivables within one year
-€61,646
Deferred charges and accrued income
+€225
Trade debts
-€214,580
Tax, wage and social debts
+€44,154
Other debts
+€607,055
Accrued charges and deferred income
+€49,168
Investment (derived)
-€81,942
Investment in fixed assets (net)
-€86,973
Current investments
+€5,031
Financing
-€1.5m
Debts after one year
-€884,225
Contributions, distributions and other
-€650,000
Cash 2025
€586,858
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,139,492 | €4,368,633 | +€229,141 | +5.5% |
| Fixed assets | 21/28 | €1,380,210 | €1,277,518 | -€102,691 | -7.4% |
| Intangible fixed assets | 21 | €7,585 | €3,328 | -€4,257 | -56.1% |
| Tangible fixed assets | 22/27 | €1,347,774 | €1,249,340 | -€98,434 | -7.3% |
| Land and buildings | 22 | €937,457 | €889,270 | -€48,187 | -5.1% |
| Plant, machinery and equipment | 23 | €164,389 | €26,214 | -€138,176 | -84.1% |
| Furniture and vehicles | 24 | €245,928 | €333,857 | +€87,929 | +35.8% |
| Financial fixed assets | 28 | €24,850 | €24,850 | = | 0.0% |
| Current assets | 29/58 | €2,759,282 | €3,091,115 | +€331,833 | +12.0% |
| Stocks and contracts in progress | 3 | €813,133 | €916,523 | +€103,390 | +12.7% |
| Stocks | 30/36 | €747,729 | €848,986 | +€101,257 | +13.5% |
| Contracts in progress | 37 | €65,404 | €67,537 | +€2,133 | +3.3% |
| Amounts receivable within one year | 40/41 | €1,218,260 | €1,279,905 | +€61,646 | +5.1% |
| Trade receivables | 40 | €1,118,030 | €1,279,564 | +€161,534 | +14.4% |
| Other amounts receivable | 41 | €100,230 | €342 | -€99,888 | -99.7% |
| Current investments | 50/53 | €294,710 | €289,679 | -€5,031 | -1.7% |
| Cash at bank and in hand | 54/58 | €414,805 | €586,858 | +€172,053 | +41.5% |
| Deferred charges and accrued income | 490/1 | €18,374 | €18,149 | -€225 | -1.2% |
| Total equity and liabilities | 10/49 | €4,139,492 | €4,368,633 | +€229,141 | +5.5% |
| Equity | 10/15 | €2,096,507 | €2,724,077 | +€627,570 | +29.9% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €2,071,717 | €2,699,287 | +€627,570 | +30.3% |
| Tax-exempt reserves | 132 | €631,500 | €631,500 | = | 0.0% |
| Distributable reserves | 133 | €1,440,217 | €2,067,787 | +€627,570 | +43.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,042,985 | €1,644,556 | -€398,429 | -19.5% |
| Amounts payable after more than one year | 17 | €1,577,899 | €693,674 | -€884,225 | -56.0% |
| Other amounts payable | 178/9 | €1,577,899 | €693,674 | -€884,225 | -56.0% |
| Amounts payable within one year | 42/48 | €416,590 | €853,218 | +€436,628 | +105% |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €273,845 | €59,265 | -€214,580 | -78.4% |
| Suppliers | 440/4 | €273,845 | €59,265 | -€214,580 | -78.4% |
| Taxes, remuneration and social security | 45 | €98,626 | €142,780 | +€44,154 | +44.8% |
| Taxes | 450/3 | €23,958 | €61,358 | +€37,400 | +156% |
| Remuneration and social security | 454/9 | €74,668 | €81,422 | +€6,755 | +9.0% |
| Other amounts payable | 47/48 | €44,119 | €651,174 | +€607,055 | +1,376% |
| Accrued charges and deferred income | 492/3 | €48,496 | €97,664 | +€49,168 | +101% |
| Non-recurring operating income | 76A | - | €46,531 | +€46,531 | |
| Remuneration, social security and pensions | 62 | €653,133 | €837,767 | +€184,634 | +28.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €186,759 | €189,664 | +€2,905 | +1.6% |
| Other operating charges | 640/8 | €13,929 | €16,358 | +€2,429 | +17.4% |
| Gross operating margin | 9900 | €2,890,280 | €2,714,415 | -€175,865 | -6.1% |
| Operating profit (loss) | 9901 | €2,036,460 | €1,670,626 | -€365,834 | -18.0% |
| Financial income | 75/76B | €49,636 | €39,744 | -€9,893 | -19.9% |
| Recurring financial income | 75 | €49,636 | €39,744 | -€9,893 | -19.9% |
| Financial charges | 65/66B | €17,138 | €18,182 | +€1,044 | +6.1% |
| Recurring financial charges | 65 | €17,138 | €18,182 | +€1,044 | +6.1% |
| Profit (loss) for the period before taxes | 9903 | €2,068,958 | €1,692,188 | -€376,770 | -18.2% |
| Income taxes | 67/77 | €509,535 | €414,618 | -€94,917 | -18.6% |
| Profit (loss) for the period | 9904 | €1,559,423 | €1,277,570 | -€281,853 | -18.1% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Transfer to tax-exempt reserves | 689 | €631,500 | €0 | -€631,500 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €927,923 | €1,277,570 | +€349,647 | +37.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.