AMECAM: 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.
AMECAM
Largest movements
- Cash +€283,305
up €283,305 (+355%), from €79,755 to €363,059
mainly Net result for the year (+€823,948) and Other debts (+€400,500)
- Current investments +€270,000
up €270,000 (+117%), from €230,000 to €500,000
- Receivables within one year +€59,382
up €59,382 (+11.6%), from €509,725 to €569,107
of which Trade receivables: +€43,387
- Financial fixed assets -€28,050
down €28,050 (-100%), from €28,050 to €0
- Stocks and contracts -€24,349
down €24,349 (-7.2%), from €338,691 to €314,342
- Other debts +€400,500
up €400,500 (+114%), from €350,000 to €750,500
- Trade debts +€94,962
up €94,962 (+29.7%), from €319,967 to €414,930
- Reserves +€75,000
up €75,000 (+18.5%), from €405,000 to €480,000
- Gross operating margin +€802,773
up €802,773 (+84.3%), from €951,826 to €1.8m
- Staff costs +€174,401
up €174,401 (+41.5%), from €420,110 to €594,511
- Taxes +€169,053
up €169,053 (+162%), from €104,052 to €273,105
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.
Derived cash bridge
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 | €1,387,115 | €1,956,123 | +€569,007 | +41.0% |
| Fixed assets | 21/28 | €220,574 | €186,106 | -€34,468 | -15.6% |
| Intangible fixed assets | 21 | €10,789 | €5,156 | -€5,633 | -52.2% |
| Tangible fixed assets | 22/27 | €181,735 | €180,950 | -€785 | -0.4% |
| Plant, machinery and equipment | 23 | €19,975 | €12,714 | -€7,261 | -36.4% |
| Furniture and vehicles | 24 | €114,146 | €127,166 | +€13,019 | +11.4% |
| Other tangible fixed assets | 26 | €47,614 | €41,070 | -€6,544 | -13.7% |
| Financial fixed assets | 28 | €28,050 | €0 | -€28,050 | -100% |
| Current assets | 29/58 | €1,166,541 | €1,770,016 | +€603,476 | +51.7% |
| Stocks and contracts in progress | 3 | €338,691 | €314,342 | -€24,349 | -7.2% |
| Stocks | 30/36 | €338,691 | €314,342 | -€24,349 | -7.2% |
| Amounts receivable within one year | 40/41 | €509,725 | €569,107 | +€59,382 | +11.6% |
| Trade receivables | 40 | €496,609 | €539,996 | +€43,387 | +8.7% |
| Other amounts receivable | 41 | €13,116 | €29,111 | +€15,994 | +122% |
| Current investments | 50/53 | €230,000 | €500,000 | +€270,000 | +117% |
| Cash at bank and in hand | 54/58 | €79,755 | €363,059 | +€283,305 | +355% |
| Deferred charges and accrued income | 490/1 | €8,370 | €23,508 | +€15,139 | +181% |
| Total equity and liabilities | 10/49 | €1,387,115 | €1,956,123 | +€569,007 | +41.0% |
| Equity | 10/15 | €429,327 | €503,275 | +€73,948 | +17.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €405,000 | €480,000 | +€75,000 | +18.5% |
| Distributable reserves | 133 | €405,000 | €480,000 | +€75,000 | +18.5% |
| Profit (loss) carried forward | 14 | €4,327 | €3,275 | -€1,052 | -24.3% |
| Amounts payable | 17/49 | €957,788 | €1,452,847 | +€495,060 | +51.7% |
| Amounts payable after more than one year | 17 | €166,446 | €149,669 | -€16,776 | -10.1% |
| Financial debts | 170/4 | €166,446 | €149,669 | -€16,776 | -10.1% |
| Amounts payable within one year | 42/48 | €791,342 | €1,303,178 | +€511,836 | +64.7% |
| Current portion of amounts payable after more than one year | 42 | €50,465 | €60,097 | +€9,632 | +19.1% |
| Trade debts | 44 | €319,967 | €414,930 | +€94,962 | +29.7% |
| Suppliers | 440/4 | €319,967 | €414,930 | +€94,962 | +29.7% |
| Taxes, remuneration and social security | 45 | €70,910 | €77,652 | +€6,741 | +9.5% |
| Taxes | 450/3 | €39,180 | €36,941 | -€2,238 | -5.7% |
| Remuneration and social security | 454/9 | €31,730 | €40,710 | +€8,980 | +28.3% |
| Other amounts payable | 47/48 | €350,000 | €750,500 | +€400,500 | +114% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €420,110 | €594,511 | +€174,401 | +41.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,461 | €48,374 | +€913 | +1.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€831 | - | +€831 | |
| Other operating charges | 640/8 | €6,352 | €8,706 | +€2,354 | +37.1% |
| Non-recurring operating charges | 66A | €41,225 | - | -€41,225 | |
| Gross operating margin | 9900 | €951,826 | €1,754,599 | +€802,773 | +84.3% |
| Operating profit (loss) | 9901 | €437,509 | €1,103,008 | +€665,499 | +152% |
| Financial income | 75/76B | €5,775 | €3,147 | -€2,627 | -45.5% |
| Recurring financial income | 75 | €5,775 | €3,147 | -€2,627 | -45.5% |
| Financial charges | 65/66B | €9,426 | €9,102 | -€324 | -3.4% |
| Recurring financial charges | 65 | €9,426 | €9,102 | -€324 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | €433,858 | €1,097,053 | +€663,195 | +153% |
| Income taxes | 67/77 | €104,052 | €273,105 | +€169,053 | +162% |
| Profit (loss) for the period | 9904 | €329,806 | €823,948 | +€494,142 | +150% |
| Profit (loss) for the period to be appropriated | 9905 | €329,806 | €823,948 | +€494,142 | +150% |
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 14 October 2026 via checked.be.