AMELEC: 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.
AMELEC
Largest movements
- Current investments +€54,456
new in 2025: €54,456
- Tangible fixed assets +€41,493
up €41,493 (+230%), from €18,022 to €59,515
- Cash +€32,231
up €32,231 (+21.8%), from €148,099 to €180,330
mainly Net result for the year (+€70,598) and Other debts (+€55,067)
- Receivables within one year -€11,644
down €11,644 (-30.7%), from €37,889 to €26,245
of which Other amounts receivable: -€9,088
- Deferred charges and accrued income +€7,060
up €7,060 (+144%), from €4,895 to €11,955
- Other debts +€55,067
new in 2025: €55,067
- Debts after one year +€39,932
up €39,932 (+774%), from €5,160 to €45,093
- Reserves +€10,598
up €10,598 (+5.9%), from €180,204 to €190,802
- Tax, wage and social debts +€10,237
up €10,237 (+80.5%), from €12,711 to €22,948
of which Taxes: +€7,039
- Current portion of long-term debt +€4,877
up €4,877 (+79.9%), from €6,107 to €10,984
- Gross operating margin +€78,184
up €78,184 (+259%), from €30,245 to €108,428
- Taxes +€12,432
up €12,432 (+202%), from €6,141 to €18,573
- Depreciation +€8,914
up €8,914 (+117%), from €7,637 to €16,550
- Financial charges +€1,836
up €1,836 (+546%), from €336 to €2,172
- Financial income +€1,179
up €1,179 (+1,626%), from €72 to €1,251
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 | €208,904 | €332,501 | +€123,597 | +59.2% |
| Fixed assets | 21/28 | €18,022 | €59,515 | +€41,493 | +230% |
| Tangible fixed assets | 22/27 | €18,022 | €59,515 | +€41,493 | +230% |
| Furniture and vehicles | 24 | €18,022 | €59,515 | +€41,493 | +230% |
| Current assets | 29/58 | €190,882 | €272,985 | +€82,103 | +43.0% |
| Amounts receivable within one year | 40/41 | €37,889 | €26,245 | -€11,644 | -30.7% |
| Trade receivables | 40 | €3,390 | €833 | -€2,557 | -75.4% |
| Other amounts receivable | 41 | €34,499 | €25,411 | -€9,088 | -26.3% |
| Current investments | 50/53 | - | €54,456 | +€54,456 | |
| Cash at bank and in hand | 54/58 | €148,099 | €180,330 | +€32,231 | +21.8% |
| Deferred charges and accrued income | 490/1 | €4,895 | €11,955 | +€7,060 | +144% |
| Total equity and liabilities | 10/49 | €208,904 | €332,501 | +€123,597 | +59.2% |
| Equity | 10/15 | €183,204 | €193,802 | +€10,598 | +5.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €180,204 | €190,802 | +€10,598 | +5.9% |
| Distributable reserves | 133 | €180,204 | €190,802 | +€10,598 | +5.9% |
| Amounts payable | 17/49 | €25,700 | €138,699 | +€112,999 | +440% |
| Amounts payable after more than one year | 17 | €5,160 | €45,093 | +€39,932 | +774% |
| Financial debts | 170/4 | €5,160 | €45,093 | +€39,932 | +774% |
| Amounts payable within one year | 42/48 | €20,539 | €90,575 | +€70,036 | +341% |
| Current portion of amounts payable after more than one year | 42 | €6,107 | €10,984 | +€4,877 | +79.9% |
| Trade debts | 44 | €1,722 | €1,577 | -€145 | -8.4% |
| Suppliers | 440/4 | €1,722 | €1,577 | -€145 | -8.4% |
| Taxes, remuneration and social security | 45 | €12,711 | €22,948 | +€10,237 | +80.5% |
| Taxes | 450/3 | €12,711 | €19,750 | +€7,039 | +55.4% |
| Remuneration and social security | 454/9 | - | €3,197 | +€3,197 | |
| Other amounts payable | 47/48 | - | €55,067 | +€55,067 | |
| Accrued charges and deferred income | 492/3 | - | €3,031 | +€3,031 | |
| Remuneration, social security and pensions | 62 | - | €1,063 | +€1,063 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,637 | €16,550 | +€8,914 | +117% |
| Other operating charges | 640/8 | €677 | €723 | +€46 | +6.8% |
| Gross operating margin | 9900 | €30,245 | €108,428 | +€78,184 | +259% |
| Operating profit (loss) | 9901 | €21,931 | €90,092 | +€68,161 | +311% |
| Financial income | 75/76B | €72 | €1,251 | +€1,179 | +1,626% |
| Recurring financial income | 75 | €72 | €1,251 | +€1,179 | +1,626% |
| Financial charges | 65/66B | €336 | €2,172 | +€1,836 | +546% |
| Recurring financial charges | 65 | €336 | €2,172 | +€1,836 | +546% |
| Profit (loss) for the period before taxes | 9903 | €21,668 | €89,171 | +€67,503 | +312% |
| Income taxes | 67/77 | €6,141 | €18,573 | +€12,432 | +202% |
| Profit (loss) for the period | 9904 | €15,526 | €70,598 | +€55,071 | +355% |
| Profit (loss) for the period to be appropriated | 9905 | €15,526 | €70,598 | +€55,071 | +355% |
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.