AMEDEL: 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.
AMEDEL
Largest movements
- Cash -€186,287
down €186,287 (-47.2%), from €394,437 to €208,150
mainly Investment in fixed assets (net) (-€119,123) and Current investments (-€100,000)
- Tangible fixed assets +€100,272
up €100,272 (+368%), from €27,276 to €127,547
- Current investments +€100,000
new in 2025: €100,000
- Reserves +€76,551
up €76,551 (+24.0%), from €319,414 to €395,965
of which Distributable reserves: +€76,551
- Other debts -€29,081
down €29,081 (-98.7%), from €29,454 to €373
- Current portion of long-term debt -€19,696
no longer reported in 2025 (was €19,696)
- Debts after one year -€7,630
no longer reported in 2025 (was €7,630)
- Tax, wage and social debts -€5,354
down €5,354 (-12.4%), from €43,091 to €37,737
- Gross operating margin -€22,887
down €22,887 (-15.9%), from €144,315 to €121,428
- Taxes -€13,831
down €13,831 (-33.6%), from €41,117 to €27,287
- Financial income -€2,087
down €2,087 (-48.2%), from €4,333 to €2,246
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 | €439,863 | €454,422 | +€14,559 | +3.3% |
| Fixed assets | 21/28 | €27,276 | €127,547 | +€100,272 | +368% |
| Tangible fixed assets | 22/27 | €27,276 | €127,547 | +€100,272 | +368% |
| Furniture and vehicles | 24 | €27,276 | €127,547 | +€100,272 | +368% |
| Current assets | 29/58 | €412,587 | €326,874 | -€85,713 | -20.8% |
| Amounts receivable within one year | 40/41 | €18,150 | €18,163 | +€13 | +0.1% |
| Trade receivables | 40 | €18,150 | €18,150 | = | 0.0% |
| Other amounts receivable | 41 | - | €13 | +€13 | |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €394,437 | €208,150 | -€186,287 | -47.2% |
| Deferred charges and accrued income | 490/1 | - | €561 | +€561 | |
| Total equity and liabilities | 10/49 | €439,863 | €454,422 | +€14,559 | +3.3% |
| Equity | 10/15 | €339,414 | €415,965 | +€76,551 | +22.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €319,414 | €395,965 | +€76,551 | +24.0% |
| Tax-exempt reserves | 132 | €17,902 | €17,902 | = | 0.0% |
| Distributable reserves | 133 | €301,512 | €378,063 | +€76,551 | +25.4% |
| Amounts payable | 17/49 | €100,449 | €38,457 | -€61,992 | -61.7% |
| Amounts payable after more than one year | 17 | €7,630 | - | -€7,630 | |
| Financial debts | 170/4 | €7,630 | - | -€7,630 | |
| Amounts payable within one year | 42/48 | €92,819 | €38,457 | -€54,362 | -58.6% |
| Current portion of amounts payable after more than one year | 42 | €19,696 | - | -€19,696 | |
| Trade debts | 44 | €577 | €346 | -€231 | -40.0% |
| Suppliers | 440/4 | €577 | €346 | -€231 | -40.0% |
| Taxes, remuneration and social security | 45 | €43,091 | €37,737 | -€5,354 | -12.4% |
| Taxes | 450/3 | €43,091 | €37,737 | -€5,354 | -12.4% |
| Other amounts payable | 47/48 | €29,454 | €373 | -€29,081 | -98.7% |
| Non-recurring operating income | 76A | - | €22,724 | +€22,724 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,800 | €18,851 | -€949 | -4.8% |
| Other operating charges | 640/8 | €576 | €583 | +€6 | +1.1% |
| Gross operating margin | 9900 | €144,315 | €121,428 | -€22,887 | -15.9% |
| Operating profit (loss) | 9901 | €123,939 | €101,994 | -€21,945 | -17.7% |
| Financial income | 75/76B | €4,333 | €2,246 | -€2,087 | -48.2% |
| Recurring financial income | 75 | €4,333 | €2,246 | -€2,087 | -48.2% |
| Financial charges | 65/66B | €550 | €403 | -€147 | -26.7% |
| Recurring financial charges | 65 | €550 | €403 | -€147 | -26.7% |
| Profit (loss) for the period before taxes | 9903 | €127,722 | €103,837 | -€23,885 | -18.7% |
| Income taxes | 67/77 | €41,117 | €27,287 | -€13,831 | -33.6% |
| Profit (loss) for the period | 9904 | €86,605 | €76,551 | -€10,054 | -11.6% |
| Profit (loss) for the period to be appropriated | 9905 | €86,605 | €76,551 | -€10,054 | -11.6% |
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 23 October 2026 via checked.be.