AMEL: what changed
Two fiscal 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.
AMEL
Largest movements
- Tangible fixed assets +€329,751
up €329,751 (+13.4%), from €2.5m to €2.8m
of which Other tangible fixed assets: +€397,129
- Current portion of long-term debt +€281,554
up €281,554 (+988.8%), from €28,473 to €310,028
- Trade debts +€137,354
up €137,354 (+136.0%), from €100,982 to €238,336
- Profit (loss) carried forward -€92,713
down €92,713 (-53.1%), from -€174,513 to -€267,226
- Other debts +€52,175
up €52,175 (+6.3%), from €831,817 to €883,992
- Debts after one year -€34,891
down €34,891 (-2.7%), from €1.3m to €1.3m
of which Financial debts: -€34,891
- Depreciation +€42,130
up €42,130 (+61.8%), from €68,119 to €110,249
- Financial charges +€16,809
up €16,809 (+78.0%), from €21,547 to €38,357
- Other operating charges +€11,019
new in 2025: €11,019
- Gross operating margin +€4,748
up €4,748 (+9.6%), from €49,593 to €54,341
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 | €2,468,230 | €2,799,138 | +€330,909 | +13.4% |
| Fixed assets | 21/28 | €2,460,829 | €2,790,580 | +€329,751 | +13.4% |
| Tangible fixed assets | 22/27 | €2,460,829 | €2,790,580 | +€329,751 | +13.4% |
| Land and buildings | 22 | €2,192,143 | €2,124,765 | -€67,379 | -3.1% |
| Other tangible fixed assets | 26 | €268,686 | €665,815 | +€397,129 | +147.8% |
| Current assets | 29/58 | €7,401 | €8,559 | +€1,158 | +15.6% |
| Cash at bank and in hand | 54/58 | €7,401 | €8,559 | +€1,158 | +15.6% |
| Total equity and liabilities | 10/49 | €2,468,230 | €2,799,138 | +€330,909 | +13.4% |
| Equity | 10/15 | €126,104 | €23,953 | -€102,151 | -81.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €282,017 | €272,579 | -€9,438 | -3.3% |
| Non-distributable reserves | 130/1 | €5,800 | €5,800 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,800 | €5,800 | = | 0.0% |
| Tax-exempt reserves | 132 | €276,217 | €266,779 | -€9,438 | -3.4% |
| Profit (loss) carried forward | 14 | -€174,513 | -€267,226 | -€92,713 | -53.1% |
| Provisions and deferred taxes | 16 | €92,109 | €88,977 | -€3,132 | -3.4% |
| Deferred taxes | 168 | €92,109 | €88,977 | -€3,132 | -3.4% |
| Amounts payable | 17/49 | €2,250,016 | €2,686,208 | +€436,192 | +19.4% |
| Amounts payable after more than one year | 17 | €1,288,744 | €1,253,852 | -€34,891 | -2.7% |
| Financial debts | 170/4 | €1,281,860 | €1,246,969 | -€34,891 | -2.7% |
| Other amounts payable | 178/9 | €6,883 | €6,883 | = | 0.0% |
| Amounts payable within one year | 42/48 | €961,272 | €1,432,356 | +€471,083 | +49.0% |
| Current portion of amounts payable after more than one year | 42 | €28,473 | €310,028 | +€281,554 | +988.8% |
| Trade debts | 44 | €100,982 | €238,336 | +€137,354 | +136.0% |
| Suppliers | 440/4 | €100,982 | €238,336 | +€137,354 | +136.0% |
| Other amounts payable | 47/48 | €831,817 | €883,992 | +€52,175 | +6.3% |
| Non-recurring operating income | 76A | €71,219 | €41 | -€71,178 | -99.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,119 | €110,249 | +€42,130 | +61.8% |
| Other operating charges | 640/8 | - | €11,019 | +€11,019 | |
| Gross operating margin | 9900 | €49,593 | €54,341 | +€4,748 | +9.6% |
| Operating profit (loss) | 9901 | -€18,526 | -€66,926 | -€48,400 | -261.3% |
| Financial charges | 65/66B | €21,547 | €38,357 | +€16,809 | +78.0% |
| Recurring financial charges | 65 | €21,547 | €38,357 | +€16,809 | +78.0% |
| Profit (loss) for the period before taxes | 9903 | -€40,074 | -€105,283 | -€65,209 | -162.7% |
| Transfer from deferred taxes | 780 | €3,132 | €3,132 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€36,942 | -€102,151 | -€65,209 | -176.5% |
| Transfer from tax-exempt reserves | 789 | €9,438 | €9,438 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,504 | -€92,713 | -€65,209 | -237.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.