AMELFI: 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.
AMELFI
Largest movements
- Cash +€92,049
up €92,049 (+14.1%), from €653,235 to €745,284
mainly Other debts (+€381,823) and Depreciation (+€79,381)
- Tangible fixed assets -€51,688
down €51,688 (-5.1%), from €1.0m to €970,068
of which Land and buildings: -€58,786
- Contributions -€400,000
down €400,000 (-25.9%), from €1.5m to €1.1m
- Other debts +€381,823
up €381,823 (+1049.3%), from €36,387 to €418,210
- Reserves +€60,000
up €60,000 (+38.9%), from €154,277 to €214,277
of which Distributable reserves: +€60,000
- Debts after one year -€26,666
down €26,666 (-12.0%), from €222,303 to €195,637
- Depreciation -€24,618
down €24,618 (-23.7%), from €103,998 to €79,381
- Gross operating margin +€16,426
up €16,426 (+10.1%), from €162,647 to €179,074
- Taxes +€11,165
up €11,165 (+1533.6%), from €728 to €11,893
- Financial income +€4,702
up €4,702 (+123.6%), from €3,804 to €8,505
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 | €1,944,263 | €1,986,520 | +€42,258 | +2.2% |
| Fixed assets | 21/28 | €1,159,182 | €1,107,494 | -€51,688 | -4.5% |
| Tangible fixed assets | 22/27 | €1,021,756 | €970,068 | -€51,688 | -5.1% |
| Land and buildings | 22 | €994,858 | €936,072 | -€58,786 | -5.9% |
| Plant, machinery and equipment | 23 | €25,149 | €25,402 | +€253 | +1.0% |
| Furniture and vehicles | 24 | €1,749 | €8,594 | +€6,845 | +391.3% |
| Financial fixed assets | 28 | €137,426 | €137,426 | = | 0.0% |
| Current assets | 29/58 | €785,081 | €879,027 | +€93,945 | +12.0% |
| Amounts receivable within one year | 40/41 | €125,657 | €129,753 | +€4,096 | +3.3% |
| Trade receivables | 40 | €0 | €650 | +€650 | |
| Other amounts receivable | 41 | €125,657 | €129,103 | +€3,446 | +2.7% |
| Cash at bank and in hand | 54/58 | €653,235 | €745,284 | +€92,049 | +14.1% |
| Deferred charges and accrued income | 490/1 | €6,189 | €3,989 | -€2,200 | -35.5% |
| Total equity and liabilities | 10/49 | €1,944,263 | €1,986,520 | +€42,258 | +2.2% |
| Equity | 10/15 | €1,657,067 | €1,324,405 | -€332,663 | -20.1% |
| Contributions | 10/11 | €1,542,773 | €1,142,773 | -€400,000 | -25.9% |
| Capital | 10 | €1,542,773 | €1,142,773 | -€400,000 | -25.9% |
| Issued capital | 100 | €1,542,773 | €1,142,773 | -€400,000 | -25.9% |
| Reserves | 13 | €154,277 | €214,277 | +€60,000 | +38.9% |
| Non-distributable reserves | 130/1 | €154,277 | €154,277 | = | 0.0% |
| Legal reserve | 130 | €154,277 | €154,277 | = | 0.0% |
| Distributable reserves | 133 | - | €60,000 | +€60,000 | |
| Profit (loss) carried forward | 14 | -€39,982 | -€32,645 | +€7,337 | +18.4% |
| Amounts payable | 17/49 | €287,195 | €662,116 | +€374,920 | +130.5% |
| Amounts payable after more than one year | 17 | €222,303 | €195,637 | -€26,666 | -12.0% |
| Financial debts | 170/4 | €222,303 | €195,637 | -€26,666 | -12.0% |
| Amounts payable within one year | 42/48 | €62,578 | €463,864 | +€401,286 | +641.3% |
| Current portion of amounts payable after more than one year | 42 | €26,191 | €26,666 | +€475 | +1.8% |
| Trade debts | 44 | - | €494 | +€494 | |
| Suppliers | 440/4 | - | €494 | +€494 | |
| Taxes, remuneration and social security | 45 | - | €18,494 | +€18,494 | |
| Taxes | 450/3 | - | €18,494 | +€18,494 | |
| Other amounts payable | 47/48 | €36,387 | €418,210 | +€381,823 | +1049.3% |
| Accrued charges and deferred income | 492/3 | €2,315 | €2,615 | +€300 | +13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €103,998 | €79,381 | -€24,618 | -23.7% |
| Other operating charges | 640/8 | €22,773 | €24,483 | +€1,709 | +7.5% |
| Gross operating margin | 9900 | €162,647 | €179,074 | +€16,426 | +10.1% |
| Operating profit (loss) | 9901 | €35,876 | €75,210 | +€39,335 | +109.6% |
| Financial income | 75/76B | €3,804 | €8,505 | +€4,702 | +123.6% |
| Recurring financial income | 75 | €3,804 | €8,505 | +€4,702 | +123.6% |
| Financial charges | 65/66B | €4,975 | €4,485 | -€490 | -9.8% |
| Recurring financial charges | 65 | €4,975 | €4,485 | -€490 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | €34,705 | €79,231 | +€44,526 | +128.3% |
| Income taxes | 67/77 | €728 | €11,893 | +€11,165 | +1533.6% |
| Profit (loss) for the period | 9904 | €33,977 | €67,337 | +€33,361 | +98.2% |
| Profit (loss) for the period to be appropriated | 9905 | €33,977 | €67,337 | +€33,361 | +98.2% |
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 4 October 2026 via checked.be.