AMELOU: 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.
What changed
AMELOU
NACE 68.310, Real estate agency activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€8,274
2024 · -€63,266+€54,992
Equity
€393,633
2024 · €401,907-€8,274
Cash
€20,683
2024 · €5,990+€14,693
Balance sheet total
€1.2m
2024 · €1.6m-€436,367
Largest movements
Assets
- Tangible fixed assets -€456,749
down €456,749 (-29.1%), from €1.6m to €1.1m
of which Land and buildings: -€455,427
Equity and liabilities
- Debts after one year -€405,255
down €405,255 (-37.4%), from €1.1m to €677,861
of which Financial debts: -€405,255
- Current portion of long-term debt -€19,661
down €19,661 (-76.8%), from €25,585 to €5,924
Income statement
- Gross operating margin +€69,931
up €69,931 (+179%), from €39,105 to €109,036
- Provisions +€16,000
no longer reported in 2025 (was -€16,000)
- Financial charges -€7,807
down €7,807 (-19.3%), from €40,376 to €32,569
- Depreciation +€5,271
up €5,271 (+8.0%), from €66,006 to €71,278
- Other operating charges +€1,325
up €1,325 (+9.6%), from €13,845 to €15,171
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.
Result 2024
-€63,266
Gross operating margin
+€69,931
Depreciation
-€5,271
Provisions
-€16,000
Other operating charges
-€1,325
Financial income
+€1
Financial charges
+€7,807
Taxes
-€151
Result 2025
-€8,274
raises the resultlowers the result
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.
From operations
+€54,137
Investment
+€385,472
Financing
-€424,916
Cash 2024
€5,990
From operations (derived)
+€54,137
Net result for the year
-€8,274
Depreciation
+€71,278
Receivables within one year
-€5,288
Deferred charges and accrued income
-€400
Provisions
-€1,857
Trade debts
-€2,959
Tax, wage and social debts
+€7,150
Other debts
-€5,513
Investment (derived)
+€385,472
Investment in fixed assets (net)
+€385,472
Financing
-€424,916
Debts after one year
-€405,255
Current portion of long-term debt
-€19,661
Cash 2025
€20,683
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,587,120 | €1,150,752 | -€436,367 | -27.5% |
| Fixed assets | 21/28 | €1,571,918 | €1,115,169 | -€456,749 | -29.1% |
| Tangible fixed assets | 22/27 | €1,571,878 | €1,115,129 | -€456,749 | -29.1% |
| Land and buildings | 22 | €1,567,618 | €1,112,191 | -€455,427 | -29.1% |
| Furniture and vehicles | 24 | €4,260 | €2,938 | -€1,322 | -31.0% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €15,201 | €35,583 | +€20,382 | +134% |
| Amounts receivable within one year | 40/41 | €7,831 | €13,119 | +€5,288 | +67.5% |
| Trade receivables | 40 | €760 | €354 | -€406 | -53.4% |
| Other amounts receivable | 41 | €7,071 | €12,765 | +€5,694 | +80.5% |
| Cash at bank and in hand | 54/58 | €5,990 | €20,683 | +€14,693 | +245% |
| Deferred charges and accrued income | 490/1 | €1,381 | €1,781 | +€400 | +29.0% |
| Total equity and liabilities | 10/49 | €1,587,120 | €1,150,752 | -€436,367 | -27.5% |
| Equity | 10/15 | €401,907 | €393,633 | -€8,274 | -2.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €381,907 | €373,633 | -€8,274 | -2.2% |
| Tax-exempt reserves | 132 | €160,024 | €154,453 | -€5,571 | -3.5% |
| Distributable reserves | 133 | €221,883 | €219,180 | -€2,702 | -1.2% |
| Provisions and deferred taxes | 16 | €53,341 | €51,484 | -€1,857 | -3.5% |
| Deferred taxes | 168 | €53,341 | €51,484 | -€1,857 | -3.5% |
| Amounts payable | 17/49 | €1,131,871 | €705,635 | -€426,237 | -37.7% |
| Amounts payable after more than one year | 17 | €1,083,115 | €677,861 | -€405,255 | -37.4% |
| Financial debts | 170/4 | €1,081,315 | €676,061 | -€405,255 | -37.5% |
| Other amounts payable | 178/9 | €1,800 | €1,800 | = | 0.0% |
| Amounts payable within one year | 42/48 | €48,756 | €27,774 | -€20,982 | -43.0% |
| Current portion of amounts payable after more than one year | 42 | €25,585 | €5,924 | -€19,661 | -76.8% |
| Trade debts | 44 | €3,815 | €857 | -€2,959 | -77.5% |
| Suppliers | 440/4 | €3,815 | €857 | -€2,959 | -77.5% |
| Taxes, remuneration and social security | 45 | €13,843 | €20,994 | +€7,150 | +51.7% |
| Taxes | 450/3 | €13,843 | €20,994 | +€7,150 | +51.7% |
| Other amounts payable | 47/48 | €5,513 | - | -€5,513 | |
| Non-recurring operating income | 76A | - | €51,617 | +€51,617 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,006 | €71,278 | +€5,271 | +8.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€16,000 | - | +€16,000 | |
| Other operating charges | 640/8 | €13,845 | €15,171 | +€1,325 | +9.6% |
| Gross operating margin | 9900 | €39,105 | €109,036 | +€69,931 | +179% |
| Operating profit (loss) | 9901 | -€24,747 | €22,588 | +€47,335 | |
| Financial income | 75/76B | €0 | €1 | +€1 | +10,200% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +10,200% |
| Financial charges | 65/66B | €40,376 | €32,569 | -€7,807 | -19.3% |
| Recurring financial charges | 65 | €40,376 | €32,569 | -€7,807 | -19.3% |
| Profit (loss) for the period before taxes | 9903 | -€65,123 | -€9,980 | +€55,143 | +84.7% |
| Transfer from deferred taxes | 780 | €1,857 | €1,857 | = | 0.0% |
| Income taxes | 67/77 | - | €151 | +€151 | |
| Profit (loss) for the period | 9904 | -€63,266 | -€8,274 | +€54,992 | +86.9% |
| Transfer from tax-exempt reserves | 789 | €5,571 | €5,571 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€57,694 | -€2,702 | +€54,992 | +95.3% |
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 19 October 2026 via checked.be.