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
- Receivables within one year +€195,417
up €195,417 (+127%), from €153,352 to €348,769
of which Trade receivables: +€156,705
- Cash -€120,837
down €120,837 (-20.3%), from €594,803 to €473,966
mainly Contributions, distributions and other (-€750,000) and Receivables within one year (-€195,417)
- Deferred charges and accrued income -€111,441
down €111,441 (-40.6%), from €274,606 to €163,164
- Stocks and contracts +€33,582
up €33,582 (+7.3%), from €460,727 to €494,310
- Tangible fixed assets -€21,681
down €21,681 (-21.9%), from €98,813 to €77,132
of which Plant, machinery and equipment: -€13,610
- Reserves -€758,515
down €758,515 (-55.5%), from €1.4m to €608,036
- Other debts +€722,297
up €722,297 (+2,422%), from €29,822 to €752,118
- Trade debts +€26,749
up €26,749 (+39.1%), from €68,454 to €95,203
- Gross operating margin -€294,567
down €294,567 (-49.7%), from €592,185 to €297,618
- Taxes -€97,649
down €97,649 (-99.8%), from €97,880 to €231
- Staff costs +€72,643
up €72,643 (+42.0%), from €173,021 to €245,664
- Write-downs +€21,353
up €21,353, from -€16,338 to €5,015
- Provisions -€8,000
new in 2025: -€8,000
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 | €1,587,026 | €1,564,166 | -€22,860 | -1.4% |
| Fixed assets | 21/28 | €103,538 | €83,957 | -€19,581 | -18.9% |
| Tangible fixed assets | 22/27 | €98,813 | €77,132 | -€21,681 | -21.9% |
| Plant, machinery and equipment | 23 | €71,370 | €57,761 | -€13,610 | -19.1% |
| Furniture and vehicles | 24 | €24,224 | €17,033 | -€7,191 | -29.7% |
| Other tangible fixed assets | 26 | €3,218 | €2,339 | -€880 | -27.3% |
| Financial fixed assets | 28 | €4,725 | €6,825 | +€2,100 | +44.4% |
| Current assets | 29/58 | €1,483,488 | €1,480,209 | -€3,279 | -0.2% |
| Stocks and contracts in progress | 3 | €460,727 | €494,310 | +€33,582 | +7.3% |
| Stocks | 30/36 | €460,727 | €494,310 | +€33,582 | +7.3% |
| Amounts receivable within one year | 40/41 | €153,352 | €348,769 | +€195,417 | +127% |
| Trade receivables | 40 | €110,723 | €267,428 | +€156,705 | +142% |
| Other amounts receivable | 41 | €42,629 | €81,341 | +€38,712 | +90.8% |
| Cash at bank and in hand | 54/58 | €594,803 | €473,966 | -€120,837 | -20.3% |
| Deferred charges and accrued income | 490/1 | €274,606 | €163,164 | -€111,441 | -40.6% |
| Total equity and liabilities | 10/49 | €1,587,026 | €1,564,166 | -€22,860 | -1.4% |
| Equity | 10/15 | €1,459,510 | €700,996 | -€758,515 | -52.0% |
| Contributions | 10/11 | €92,960 | €92,960 | = | 0.0% |
| Reserves | 13 | €1,366,550 | €608,036 | -€758,515 | -55.5% |
| Distributable reserves | 133 | €1,366,550 | €608,036 | -€758,515 | -55.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €8,000 | €0 | -€8,000 | -100% |
| Provisions for liabilities and charges | 160/5 | €8,000 | €0 | -€8,000 | -100% |
| Major repairs and maintenance | 162 | €8,000 | €0 | -€8,000 | -100% |
| Amounts payable | 17/49 | €119,516 | €863,171 | +€743,655 | +622% |
| Amounts payable within one year | 42/48 | €119,516 | €863,171 | +€743,655 | +622% |
| Trade debts | 44 | €68,454 | €95,203 | +€26,749 | +39.1% |
| Suppliers | 440/4 | €68,454 | €95,203 | +€26,749 | +39.1% |
| Taxes, remuneration and social security | 45 | €21,240 | €15,849 | -€5,391 | -25.4% |
| Taxes | 450/3 | €11,274 | €5,623 | -€5,651 | -50.1% |
| Remuneration and social security | 454/9 | €9,966 | €10,227 | +€261 | +2.6% |
| Other amounts payable | 47/48 | €29,822 | €752,118 | +€722,297 | +2,422% |
| Non-recurring operating income | 76A | - | €11,777 | +€11,777 | |
| Remuneration, social security and pensions | 62 | €173,021 | €245,664 | +€72,643 | +42.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,834 | €30,738 | +€1,904 | +6.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€16,338 | €5,015 | +€21,353 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€8,000 | -€8,000 | |
| Other operating charges | 640/8 | €4,129 | €4,607 | +€478 | +11.6% |
| Non-recurring operating charges | 66A | - | €19,727 | +€19,727 | |
| Gross operating margin | 9900 | €592,185 | €297,618 | -€294,567 | -49.7% |
| Operating profit (loss) | 9901 | €402,539 | -€133 | -€402,672 | |
| Financial income | 75/76B | €3,006 | €752 | -€2,254 | -75.0% |
| Recurring financial income | 75 | €3,006 | €752 | -€2,254 | -75.0% |
| Financial charges | 65/66B | €5,847 | €8,902 | +€3,055 | +52.2% |
| Recurring financial charges | 65 | €5,847 | €8,902 | +€3,055 | +52.2% |
| Profit (loss) for the period before taxes | 9903 | €399,698 | -€8,284 | -€407,982 | |
| Income taxes | 67/77 | €97,880 | €231 | -€97,649 | -99.8% |
| Profit (loss) for the period | 9904 | €301,818 | -€8,515 | -€310,333 | |
| Profit (loss) for the period to be appropriated | 9905 | €301,818 | -€8,515 | -€310,333 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.