AMDA: 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.
AMDA
Largest movements
- Receivables within one year +€42,601
up €42,601 (+48.9%), from €87,173 to €129,774
of which Trade receivables: +€41,560
- Stocks and contracts +€39,038
up €39,038 (+17.7%), from €220,659 to €259,697
- Cash -€10,341
down €10,341 (-30.8%), from €33,538 to €23,198
mainly Receivables within one year (-€42,601) and Stocks and contracts (-€39,038)
- Tangible fixed assets -€7,018
down €7,018 (-27.6%), from €25,443 to €18,425
of which Furniture and vehicles: -€5,743
- Trade debts +€63,605
up €63,605 (+66.4%), from €95,729 to €159,334
- Reserves +€16,461
up €16,461 (+15.0%), from €109,749 to €126,211
of which Distributable reserves: +€16,461
- Debts after one year -€14,856
no longer reported in 2025 (was €14,856)
- Tax, wage and social debts +€5,291
up €5,291 (+86.2%), from €6,141 to €11,432
- Current portion of long-term debt -€4,439
down €4,439 (-23.0%), from €19,295 to €14,856
- Gross operating margin -€23,384
down €23,384 (-63.6%), from €36,750 to €13,367
- Financial income +€23,163
up €23,163 (+12179.4%), from €190 to €23,353
- Financial charges -€19,996
down €19,996 (-96.3%), from €20,757 to €761
- Taxes +€6,331
up €6,331 (+248.2%), from €2,550 to €8,881
- Staff costs -€3,371
no longer reported in 2025 (was €3,371)
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 | €372,540 | €435,932 | +€63,392 | +17.0% |
| Fixed assets | 21/28 | €31,169 | €23,263 | -€7,906 | -25.4% |
| Intangible fixed assets | 21 | €2,664 | €1,776 | -€888 | -33.3% |
| Tangible fixed assets | 22/27 | €25,443 | €18,425 | -€7,018 | -27.6% |
| Plant, machinery and equipment | 23 | €1,775 | €500 | -€1,276 | -71.9% |
| Furniture and vehicles | 24 | €23,668 | €17,925 | -€5,743 | -24.3% |
| Financial fixed assets | 28 | €3,063 | €3,063 | = | 0.0% |
| Current assets | 29/58 | €341,371 | €412,669 | +€71,298 | +20.9% |
| Stocks and contracts in progress | 3 | €220,659 | €259,697 | +€39,038 | +17.7% |
| Stocks | 30/36 | €220,659 | €259,697 | +€39,038 | +17.7% |
| Amounts receivable within one year | 40/41 | €87,173 | €129,774 | +€42,601 | +48.9% |
| Trade receivables | 40 | €87,173 | €128,733 | +€41,560 | +47.7% |
| Other amounts receivable | 41 | - | €1,041 | +€1,041 | |
| Cash at bank and in hand | 54/58 | €33,538 | €23,198 | -€10,341 | -30.8% |
| Total equity and liabilities | 10/49 | €372,540 | €435,932 | +€63,392 | +17.0% |
| Equity | 10/15 | €228,349 | €244,811 | +€16,461 | +7.2% |
| Contributions | 10/11 | €118,600 | €118,600 | = | 0.0% |
| Reserves | 13 | €109,749 | €126,211 | +€16,461 | +15.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €107,889 | €124,351 | +€16,461 | +15.3% |
| Amounts payable | 17/49 | €144,191 | €191,122 | +€46,931 | +32.5% |
| Amounts payable after more than one year | 17 | €14,856 | - | -€14,856 | |
| Financial debts | 170/4 | €14,856 | - | -€14,856 | |
| Amounts payable within one year | 42/48 | €129,335 | €191,122 | +€61,787 | +47.8% |
| Current portion of amounts payable after more than one year | 42 | €19,295 | €14,856 | -€4,439 | -23.0% |
| Trade debts | 44 | €95,729 | €159,334 | +€63,605 | +66.4% |
| Suppliers | 440/4 | €95,729 | €159,334 | +€63,605 | +66.4% |
| Taxes, remuneration and social security | 45 | €6,141 | €11,432 | +€5,291 | +86.2% |
| Taxes | 450/3 | €6,141 | €11,432 | +€5,291 | +86.2% |
| Other amounts payable | 47/48 | €8,171 | €5,501 | -€2,670 | -32.7% |
| Remuneration, social security and pensions | 62 | €3,371 | - | -€3,371 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,030 | €7,906 | +€1,876 | +31.1% |
| Other operating charges | 640/8 | - | €2,710 | +€2,710 | |
| Gross operating margin | 9900 | €36,750 | €13,367 | -€23,384 | -63.6% |
| Operating profit (loss) | 9901 | €27,350 | €2,750 | -€24,599 | -89.9% |
| Financial income | 75/76B | €190 | €23,353 | +€23,163 | +12179.4% |
| Recurring financial income | 75 | €190 | €23,353 | +€23,163 | +12179.4% |
| Financial charges | 65/66B | €20,757 | €761 | -€19,996 | -96.3% |
| Recurring financial charges | 65 | €20,757 | €761 | -€19,996 | -96.3% |
| Profit (loss) for the period before taxes | 9903 | €6,783 | €25,343 | +€18,560 | +273.6% |
| Income taxes | 67/77 | €2,550 | €8,881 | +€6,331 | +248.2% |
| Profit (loss) for the period | 9904 | €4,233 | €16,461 | +€12,229 | +288.9% |
| Profit (loss) for the period to be appropriated | 9905 | €4,233 | €16,461 | +€12,229 | +288.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.