AMELU: 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.
AMELU
Largest movements
- Tangible fixed assets -€12,140
down €12,140 (-21.6%), from €56,197 to €44,057
of which Leasing and similar rights: -€11,320
- Cash -€2,816
down €2,816 (-17.3%), from €16,246 to €13,430
mainly Debts after one year (-€12,303) and Contributions, distributions and other (-€9,795)
- Deferred charges and accrued income -€990
down €990 (-42.5%), from €2,329 to €1,338
- Debts after one year -€12,303
down €12,303 (-31.2%), from €39,483 to €27,180
- Reserves -€9,795
down €9,795 (-42.2%), from €23,223 to €13,428
- Other debts +€4,384
up €4,384 (+9420.5%), from €47 to €4,431
- Tax, wage and social debts +€4,137
up €4,137 (+248.8%), from €1,662 to €5,799
- Trade debts -€1,594
down €1,594 (-49.0%), from €3,252 to €1,658
- Gross operating margin -€7,694
down €7,694 (-26.3%), from €29,281 to €21,587
- Depreciation +€3,254
up €3,254 (+27.9%), from €11,648 to €14,902
- Taxes -€2,203
down €2,203 (-64.8%), from €3,402 to €1,199
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 | €85,667 | €70,331 | -€15,337 | -17.9% |
| Fixed assets | 21/28 | €56,197 | €44,057 | -€12,140 | -21.6% |
| Tangible fixed assets | 22/27 | €56,197 | €44,057 | -€12,140 | -21.6% |
| Plant, machinery and equipment | 23 | €786 | €3,340 | +€2,554 | +325.1% |
| Furniture and vehicles | 24 | €7,319 | €3,945 | -€3,374 | -46.1% |
| Leasing and similar rights | 25 | €48,092 | €36,773 | -€11,320 | -23.5% |
| Current assets | 29/58 | €29,470 | €26,273 | -€3,197 | -10.8% |
| Amounts receivable within one year | 40/41 | €10,895 | €11,505 | +€609 | +5.6% |
| Trade receivables | 40 | €9,798 | €10,407 | +€609 | +6.2% |
| Other amounts receivable | 41 | €1,098 | €1,098 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €16,246 | €13,430 | -€2,816 | -17.3% |
| Deferred charges and accrued income | 490/1 | €2,329 | €1,338 | -€990 | -42.5% |
| Total equity and liabilities | 10/49 | €85,667 | €70,331 | -€15,337 | -17.9% |
| Equity | 10/15 | €29,423 | €18,959 | -€10,464 | -35.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €23,223 | €13,428 | -€9,795 | -42.2% |
| Distributable reserves | 133 | €23,223 | €13,428 | -€9,795 | -42.2% |
| Profit (loss) carried forward | 14 | €0 | -€669 | -€669 | |
| Amounts payable | 17/49 | €56,244 | €51,371 | -€4,873 | -8.7% |
| Amounts payable after more than one year | 17 | €39,483 | €27,180 | -€12,303 | -31.2% |
| Financial debts | 170/4 | €39,483 | €27,180 | -€12,303 | -31.2% |
| Amounts payable within one year | 42/48 | €16,761 | €24,191 | +€7,430 | +44.3% |
| Current portion of amounts payable after more than one year | 42 | €11,800 | €12,303 | +€503 | +4.3% |
| Trade debts | 44 | €3,252 | €1,658 | -€1,594 | -49.0% |
| Suppliers | 440/4 | €3,252 | €1,658 | -€1,594 | -49.0% |
| Taxes, remuneration and social security | 45 | €1,662 | €5,799 | +€4,137 | +248.8% |
| Taxes | 450/3 | €1,662 | €5,799 | +€4,137 | +248.8% |
| Other amounts payable | 47/48 | €47 | €4,431 | +€4,384 | +9420.5% |
| Remuneration, social security and pensions | 62 | €2,331 | €2,479 | +€148 | +6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,648 | €14,902 | +€3,254 | +27.9% |
| Other operating charges | 640/8 | €1,323 | €1,455 | +€132 | +10.0% |
| Gross operating margin | 9900 | €29,281 | €21,587 | -€7,694 | -26.3% |
| Operating profit (loss) | 9901 | €13,979 | €2,752 | -€11,228 | -80.3% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €2,182 | €2,222 | +€39 | +1.8% |
| Recurring financial charges | 65 | €2,182 | €2,222 | +€39 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | €11,798 | €530 | -€11,268 | -95.5% |
| Income taxes | 67/77 | €3,402 | €1,199 | -€2,203 | -64.8% |
| Profit (loss) for the period | 9904 | €8,395 | -€669 | -€9,064 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,395 | -€669 | -€9,064 |
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 12 October 2026 via checked.be.