AMECO: 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.
AMECO
Largest movements
- Tangible fixed assets -€31,709
down €31,709 (-10.0%), from €316,297 to €284,588
of which Furniture and vehicles: -€29,183
- Current investments +€20,829
up €20,829 (+3.4%), from €620,261 to €641,090
- Receivables within one year -€18,652
down €18,652 (-63.0%), from €29,600 to €10,948
of which Other amounts receivable: -€23,187
- Advances received -€205,921
down €205,921 (-93.0%), from €221,306 to €15,385
- Reserves +€142,514
up €142,514 (+13.1%), from €1.1m to €1.2m
of which Distributable reserves: +€142,514
- Other debts +€39,795
up €39,795 (+17.5%), from €227,180 to €266,975
- Gross operating margin -€106,743
down €106,743 (-27.6%), from €386,859 to €280,116
- Taxes -€24,089
down €24,089 (-22.1%), from €109,205 to €85,117
- Staff costs -€18,195
no longer reported in 2025 (was €18,195)
- Financial income +€12,399
up €12,399 (+71.3%), from €17,388 to €29,787
- Depreciation +€9,278
up €9,278 (+34.6%), from €26,798 to €36,076
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 | €1,678,737 | €1,644,794 | -€33,943 | -2.0% |
| Fixed assets | 21/28 | €317,922 | €286,213 | -€31,709 | -10.0% |
| Tangible fixed assets | 22/27 | €316,297 | €284,588 | -€31,709 | -10.0% |
| Land and buildings | 22 | €131,314 | €127,701 | -€3,613 | -2.8% |
| Plant, machinery and equipment | 23 | €6,999 | €8,085 | +€1,086 | +15.5% |
| Furniture and vehicles | 24 | €177,985 | €148,802 | -€29,183 | -16.4% |
| Financial fixed assets | 28 | €1,624 | €1,624 | = | 0.0% |
| Current assets | 29/58 | €1,360,815 | €1,358,581 | -€2,233 | -0.2% |
| Stocks and contracts in progress | 3 | €2,923 | €1,978 | -€946 | -32.4% |
| Stocks | 30/36 | €2,923 | €1,978 | -€946 | -32.4% |
| Amounts receivable within one year | 40/41 | €29,600 | €10,948 | -€18,652 | -63.0% |
| Trade receivables | 40 | €3,093 | €7,628 | +€4,535 | +147% |
| Other amounts receivable | 41 | €26,508 | €3,320 | -€23,187 | -87.5% |
| Current investments | 50/53 | €620,261 | €641,090 | +€20,829 | +3.4% |
| Cash at bank and in hand | 54/58 | €703,614 | €703,683 | +€69 | 0.0% |
| Deferred charges and accrued income | 490/1 | €4,417 | €883 | -€3,534 | -80.0% |
| Total equity and liabilities | 10/49 | €1,678,737 | €1,644,794 | -€33,943 | -2.0% |
| Equity | 10/15 | €1,147,959 | €1,290,473 | +€142,514 | +12.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,085,451 | €1,227,966 | +€142,514 | +13.1% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €1,079,251 | €1,221,766 | +€142,514 | +13.2% |
| Profit (loss) carried forward | 14 | €507 | €507 | = | 0.0% |
| Amounts payable | 17/49 | €530,778 | €354,321 | -€176,457 | -33.2% |
| Amounts payable within one year | 42/48 | €530,778 | €354,321 | -€176,457 | -33.2% |
| Trade debts | 44 | €20,015 | €3,576 | -€16,439 | -82.1% |
| Suppliers | 440/4 | €20,015 | €3,576 | -€16,439 | -82.1% |
| Advances received on contracts in progress | 46 | €221,306 | €15,385 | -€205,921 | -93.0% |
| Taxes, remuneration and social security | 45 | €62,277 | €68,385 | +€6,108 | +9.8% |
| Taxes | 450/3 | €62,277 | €68,385 | +€6,108 | +9.8% |
| Other amounts payable | 47/48 | €227,180 | €266,975 | +€39,795 | +17.5% |
| Non-recurring operating income | 76A | - | €13,000 | +€13,000 | |
| Remuneration, social security and pensions | 62 | €18,195 | - | -€18,195 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,798 | €36,076 | +€9,278 | +34.6% |
| Other operating charges | 640/8 | €7,156 | €7,330 | +€174 | +2.4% |
| Gross operating margin | 9900 | €386,859 | €280,116 | -€106,743 | -27.6% |
| Operating profit (loss) | 9901 | €334,711 | €236,711 | -€98,000 | -29.3% |
| Financial income | 75/76B | €17,388 | €29,787 | +€12,399 | +71.3% |
| Recurring financial income | 75 | €17,388 | €29,787 | +€12,399 | +71.3% |
| Financial charges | 65/66B | €11,103 | €19,967 | +€8,863 | +79.8% |
| Recurring financial charges | 65 | €11,103 | €19,967 | +€8,863 | +79.8% |
| Profit (loss) for the period before taxes | 9903 | €340,995 | €246,531 | -€94,464 | -27.7% |
| Income taxes | 67/77 | €109,205 | €85,117 | -€24,089 | -22.1% |
| Profit (loss) for the period | 9904 | €231,790 | €161,414 | -€70,375 | -30.4% |
| Profit (loss) for the period to be appropriated | 9905 | €231,790 | €161,414 | -€70,375 | -30.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.