AMCON: what changed
Two financial 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.
AMCON
Largest movements
- Receivables within one year +€12,406
up €12,406 (+57.4%), from €21,622 to €34,027
of which Other amounts receivable: +€8,204
- Trade debts +€10,605
up €10,605 (+368.4%), from €2,879 to €13,484
- Other debts -€1,795
no longer reported in 2025 (was €1,795)
- Staff costs +€53,489
new in 2025: €53,489
- Gross operating margin +€51,748
up €51,748 (+1268.8%), from €4,079 to €55,827
- Depreciation -€3,047
no longer reported in 2025 (was €3,047)
- Taxes +€1,671
up €1,671, from -€1,014 to €657
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 | €118,253 | €129,721 | +€11,469 | +9.7% |
| Fixed assets | 21/28 | €4,508 | €4,458 | -€50 | -1.1% |
| Financial fixed assets | 28 | €4,508 | €4,458 | -€50 | -1.1% |
| Current assets | 29/58 | €113,745 | €125,264 | +€11,519 | +10.1% |
| Amounts receivable after more than one year | 29 | €80,655 | €80,655 | = | 0.0% |
| Other amounts receivable | 291 | €80,655 | €80,655 | = | 0.0% |
| Stocks and contracts in progress | 3 | €6,732 | €6,732 | = | 0.0% |
| Stocks | 30/36 | €6,732 | €6,732 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €21,622 | €34,027 | +€12,406 | +57.4% |
| Trade receivables | 40 | €18,872 | €23,073 | +€4,202 | +22.3% |
| Other amounts receivable | 41 | €2,750 | €10,954 | +€8,204 | +298.3% |
| Cash at bank and in hand | 54/58 | €4,063 | €3,223 | -€840 | -20.7% |
| Deferred charges and accrued income | 490/1 | €673 | €626 | -€47 | -7.0% |
| Total equity and liabilities | 10/49 | €118,253 | €129,721 | +€11,469 | +9.7% |
| Equity | 10/15 | €107,507 | €108,727 | +€1,219 | +1.1% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €87,047 | €88,267 | +€1,219 | +1.4% |
| Tax-exempt reserves | 132 | €1,764 | €1,764 | = | 0.0% |
| Distributable reserves | 133 | €85,283 | €86,502 | +€1,219 | +1.4% |
| Amounts payable | 17/49 | €10,746 | €20,995 | +€10,249 | +95.4% |
| Amounts payable within one year | 42/48 | €10,398 | €20,347 | +€9,949 | +95.7% |
| Trade debts | 44 | €2,879 | €13,484 | +€10,605 | +368.4% |
| Suppliers | 440/4 | €2,879 | €13,484 | +€10,605 | +368.4% |
| Taxes, remuneration and social security | 45 | €5,724 | €6,864 | +€1,140 | +19.9% |
| Taxes | 450/3 | €5,724 | €3,458 | -€2,266 | -39.6% |
| Remuneration and social security | 454/9 | - | €3,406 | +€3,406 | |
| Other amounts payable | 47/48 | €1,795 | - | -€1,795 | |
| Accrued charges and deferred income | 492/3 | €348 | €647 | +€300 | +86.2% |
| Remuneration, social security and pensions | 62 | - | €53,489 | +€53,489 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,047 | - | -€3,047 | |
| Other operating charges | 640/8 | €961 | €564 | -€397 | -41.3% |
| Gross operating margin | 9900 | €4,079 | €55,827 | +€51,748 | +1268.8% |
| Operating profit (loss) | 9901 | €71 | €1,773 | +€1,702 | +2392.9% |
| Financial income | 75/76B | €15 | €211 | +€196 | +1325.1% |
| Recurring financial income | 75 | €15 | €211 | +€196 | +1325.1% |
| Financial charges | 65/66B | €110 | €108 | -€2 | -1.7% |
| Recurring financial charges | 65 | €110 | €108 | -€2 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | -€24 | €1,876 | +€1,900 | |
| Income taxes | 67/77 | -€1,014 | €657 | +€1,671 | |
| Profit (loss) for the period | 9904 | €990 | €1,219 | +€230 | +23.2% |
| Profit (loss) for the period to be appropriated | 9905 | €990 | €1,219 | +€230 | +23.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.