AMDRA: 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.
AMDRA
Largest movements
- Receivables within one year +€21,174
up €21,174 (+12.3%), from €172,536 to €193,711
of which Trade receivables: +€13,740
- Cash +€12,349
up €12,349 (+6.6%), from €187,120 to €199,469
mainly Net result for the year (+€59,374) and Other debts (+€40,000)
- Stocks and contracts -€8,728
down €8,728 (-24.2%), from €36,002 to €27,275
- Other debts +€40,000
new in 2025: €40,000
- Profit (loss) carried forward +€19,374
up €19,374 (+10.5%), from €184,160 to €203,534
- Accrued charges and deferred income -€15,712
no longer reported in 2025 (was €15,712)
- Trade debts -€9,813
down €9,813 (-10.1%), from €97,178 to €87,365
- Debts after one year -€6,184
no longer reported in 2025 (was €6,184)
- Gross operating margin +€107,425
up €107,425 (+17.4%), from €617,311 to €724,736
- Staff costs +€52,242
up €52,242 (+9.0%), from €579,460 to €631,702
- Taxes +€8,818
up €8,818 (+320.4%), from €2,752 to €11,571
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 | €438,192 | €462,807 | +€24,615 | +5.6% |
| Fixed assets | 21/28 | €42,534 | €40,483 | -€2,051 | -4.8% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €28,694 | €26,643 | -€2,051 | -7.1% |
| Plant, machinery and equipment | 23 | €3,653 | €2,338 | -€1,315 | -36.0% |
| Furniture and vehicles | 24 | €76 | €1,653 | +€1,577 | +2079.6% |
| Other tangible fixed assets | 26 | €24,966 | €22,652 | -€2,313 | -9.3% |
| Financial fixed assets | 28 | €13,840 | €13,840 | = | 0.0% |
| Current assets | 29/58 | €395,658 | €422,325 | +€26,666 | +6.7% |
| Stocks and contracts in progress | 3 | €36,002 | €27,275 | -€8,728 | -24.2% |
| Stocks | 30/36 | €36,002 | €27,275 | -€8,728 | -24.2% |
| Amounts receivable within one year | 40/41 | €172,536 | €193,711 | +€21,174 | +12.3% |
| Trade receivables | 40 | €12,959 | €26,699 | +€13,740 | +106.0% |
| Other amounts receivable | 41 | €159,577 | €167,011 | +€7,434 | +4.7% |
| Cash at bank and in hand | 54/58 | €187,120 | €199,469 | +€12,349 | +6.6% |
| Deferred charges and accrued income | 490/1 | - | €1,871 | +€1,871 | |
| Total equity and liabilities | 10/49 | €438,192 | €462,807 | +€24,615 | +5.6% |
| Equity | 10/15 | €214,620 | €233,994 | +€19,374 | +9.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €11,860 | €11,860 | = | 0.0% |
| Distributable reserves | 133 | €11,860 | €11,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €184,160 | €203,534 | +€19,374 | +10.5% |
| Amounts payable | 17/49 | €223,573 | €228,813 | +€5,241 | +2.3% |
| Amounts payable after more than one year | 17 | €6,184 | - | -€6,184 | |
| Financial debts | 170/4 | €6,184 | - | -€6,184 | |
| Amounts payable within one year | 42/48 | €201,677 | €228,813 | +€27,137 | +13.5% |
| Current portion of amounts payable after more than one year | 42 | €10,113 | €6,184 | -€3,929 | -38.9% |
| Financial debts | 43 | €11,689 | €12,419 | +€730 | +6.2% |
| Credit institutions | 430/8 | €11,689 | €12,419 | +€730 | +6.2% |
| Trade debts | 44 | €97,178 | €87,365 | -€9,813 | -10.1% |
| Suppliers | 440/4 | €97,178 | €87,365 | -€9,813 | -10.1% |
| Taxes, remuneration and social security | 45 | €82,696 | €82,845 | +€149 | +0.2% |
| Taxes | 450/3 | €38,444 | €23,724 | -€14,719 | -38.3% |
| Remuneration and social security | 454/9 | €44,252 | €59,120 | +€14,868 | +33.6% |
| Other amounts payable | 47/48 | - | €40,000 | +€40,000 | |
| Accrued charges and deferred income | 492/3 | €15,712 | - | -€15,712 | |
| Remuneration, social security and pensions | 62 | €579,460 | €631,702 | +€52,242 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,295 | €5,790 | -€504 | -8.0% |
| Other operating charges | 640/8 | €12,882 | €8,718 | -€4,164 | -32.3% |
| Gross operating margin | 9900 | €617,311 | €724,736 | +€107,425 | +17.4% |
| Operating profit (loss) | 9901 | €18,674 | €78,525 | +€59,851 | +320.5% |
| Financial income | 75/76B | €56 | €6 | -€51 | -90.2% |
| Recurring financial income | 75 | €56 | €6 | -€51 | -90.2% |
| Financial charges | 65/66B | €9,413 | €7,586 | -€1,827 | -19.4% |
| Recurring financial charges | 65 | €9,413 | €7,586 | -€1,827 | -19.4% |
| Profit (loss) for the period before taxes | 9903 | €9,318 | €70,945 | +€61,627 | +661.4% |
| Income taxes | 67/77 | €2,752 | €11,571 | +€8,818 | +320.4% |
| Profit (loss) for the period | 9904 | €6,565 | €59,374 | +€52,809 | +804.3% |
| Profit (loss) for the period to be appropriated | 9905 | €6,565 | €59,374 | +€52,809 | +804.3% |
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 10 October 2026 via checked.be.