AMELIM: 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.
AMELIM
Largest movements
- Cash -€70,821
down €70,821 (-48.5%), from €146,172 to €75,351
mainly Advances received (-€100,257) and Other debts (-€43,482)
- Receivables within one year -€55,476
down €55,476 (-14.7%), from €377,378 to €321,902
of which Other amounts receivable: -€30,321
- Stocks and contracts -€46,764
down €46,764 (-17.5%), from €267,286 to €220,522
- Tangible fixed assets -€17,762
down €17,762 (-6.3%), from €281,308 to €263,546
of which Furniture and vehicles: -€18,088
- Advances received -€100,257
down €100,257 (-20.7%), from €485,062 to €384,805
- Other debts -€43,482
no longer reported in 2025 (was €43,482)
- Debts after one year -€40,042
down €40,042 (-22.2%), from €180,191 to €140,149
- Profit (loss) carried forward +€16,503
up €16,503 (+15.1%), from €109,643 to €126,146
- Tax, wage and social debts -€14,927
down €14,927 (-37.6%), from €39,703 to €24,776
of which Remuneration and social security: -€13,392
- Provisions +€76,600
no longer reported in 2025 (was -€76,600)
- Gross operating margin -€48,001
down €48,001 (-14.2%), from €339,191 to €291,190
- Taxes -€9,691
down €9,691 (-50.9%), from €19,034 to €9,343
- Staff costs -€8,269
down €8,269 (-2.8%), from €297,508 to €289,239
- Financial charges -€4,346
down €4,346 (-30.8%), from €14,115 to €9,769
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 | €1,073,068 | €884,518 | -€188,550 | -17.6% |
| Fixed assets | 21/28 | €281,308 | €263,546 | -€17,762 | -6.3% |
| Tangible fixed assets | 22/27 | €281,308 | €263,546 | -€17,762 | -6.3% |
| Furniture and vehicles | 24 | €273,080 | €254,992 | -€18,088 | -6.6% |
| Leasing and similar rights | 25 | €8,228 | €8,554 | +€326 | +4.0% |
| Current assets | 29/58 | €791,760 | €620,972 | -€170,788 | -21.6% |
| Stocks and contracts in progress | 3 | €267,286 | €220,522 | -€46,764 | -17.5% |
| Stocks | 30/36 | €267,286 | €220,522 | -€46,764 | -17.5% |
| Amounts receivable within one year | 40/41 | €377,378 | €321,902 | -€55,476 | -14.7% |
| Trade receivables | 40 | €178,473 | €153,318 | -€25,155 | -14.1% |
| Other amounts receivable | 41 | €198,905 | €168,584 | -€30,321 | -15.2% |
| Cash at bank and in hand | 54/58 | €146,172 | €75,351 | -€70,821 | -48.5% |
| Deferred charges and accrued income | 490/1 | €924 | €3,197 | +€2,273 | +246.0% |
| Total equity and liabilities | 10/49 | €1,073,068 | €884,518 | -€188,550 | -17.6% |
| Equity | 10/15 | €219,643 | €236,146 | +€16,503 | +7.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €109,643 | €126,146 | +€16,503 | +15.1% |
| Amounts payable | 17/49 | €853,425 | €648,372 | -€205,053 | -24.0% |
| Amounts payable after more than one year | 17 | €180,191 | €140,149 | -€40,042 | -22.2% |
| Financial debts | 170/4 | €180,191 | €140,149 | -€40,042 | -22.2% |
| Amounts payable within one year | 42/48 | €673,234 | €508,223 | -€165,011 | -24.5% |
| Current portion of amounts payable after more than one year | 42 | €41,737 | €41,749 | +€12 | 0.0% |
| Trade debts | 44 | €63,250 | €56,893 | -€6,357 | -10.1% |
| Suppliers | 440/4 | €63,250 | €56,893 | -€6,357 | -10.1% |
| Advances received on contracts in progress | 46 | €485,062 | €384,805 | -€100,257 | -20.7% |
| Taxes, remuneration and social security | 45 | €39,703 | €24,776 | -€14,927 | -37.6% |
| Taxes | 450/3 | €1,535 | - | -€1,535 | |
| Remuneration and social security | 454/9 | €38,168 | €24,776 | -€13,392 | -35.1% |
| Other amounts payable | 47/48 | €43,482 | - | -€43,482 | |
| Remuneration, social security and pensions | 62 | €297,508 | €289,239 | -€8,269 | -2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,129 | €28,908 | +€3,779 | +15.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€76,600 | - | +€76,600 | |
| Other operating charges | 640/8 | €3,249 | €3,500 | +€251 | +7.7% |
| Non-recurring operating charges | 66A | €76,983 | - | -€76,983 | |
| Gross operating margin | 9900 | €339,191 | €291,190 | -€48,001 | -14.2% |
| Operating profit (loss) | 9901 | €12,922 | -€30,457 | -€43,379 | |
| Financial income | 75/76B | €67,103 | €66,072 | -€1,031 | -1.5% |
| Recurring financial income | 75 | €67,103 | €66,072 | -€1,031 | -1.5% |
| Financial charges | 65/66B | €14,115 | €9,769 | -€4,346 | -30.8% |
| Recurring financial charges | 65 | €14,115 | €9,769 | -€4,346 | -30.8% |
| Profit (loss) for the period before taxes | 9903 | €65,910 | €25,846 | -€40,064 | -60.8% |
| Income taxes | 67/77 | €19,034 | €9,343 | -€9,691 | -50.9% |
| Profit (loss) for the period | 9904 | €46,876 | €16,503 | -€30,373 | -64.8% |
| Profit (loss) for the period to be appropriated | 9905 | €46,876 | €16,503 | -€30,373 | -64.8% |
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 8 October 2026 via checked.be.