AMFÉ: 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.
AMFÉ
Largest movements
- Receivables within one year +€17,212
up €17,212 (+183%), from €9,380 to €26,591
of which Trade receivables: +€17,093
- Intangible fixed assets -€7,380
down €7,380 (-88.1%), from €8,375 to €995
- Tangible fixed assets +€5,480
up €5,480 (+723%), from €758 to €6,238
of which Furniture and vehicles: +€5,526
- Deferred charges and accrued income -€1,375
down €1,375 (-23.5%), from €5,853 to €4,479
- Other debts +€7,876
up €7,876 (+5.2%), from €150,279 to €158,155
- Profit (loss) carried forward +€6,534
up €6,534 (+3.7%), from -€176,447 to -€169,913
- Trade debts +€3,236
up €3,236 (+20.6%), from €15,718 to €18,954
- Current portion of long-term debt -€2,242
down €2,242 (-100%), from €2,242 to €0
- Tax, wage and social debts -€1,833
down €1,833 (-18.9%), from €9,698 to €7,866
of which Remuneration and social security: -€1,992
- Gross operating margin +€53,622
up €53,622, from -€34,067 to €19,555
- Write-downs -€15,883
down €15,883 (-100%), from €15,883 to €0
- Financial charges -€6,690
down €6,690 (-66.4%), from €10,068 to €3,379
- Other operating charges -€3,555
down €3,555 (-74.2%), from €4,792 to €1,237
- Staff costs -€875
down €875 (-100%), from €875 to €0
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €27,282 | €41,206 | +€13,924 | +51.0% |
| Fixed assets | 21/28 | €12,034 | €10,133 | -€1,900 | -15.8% |
| Intangible fixed assets | 21 | €8,375 | €995 | -€7,380 | -88.1% |
| Tangible fixed assets | 22/27 | €758 | €6,238 | +€5,480 | +723% |
| Plant, machinery and equipment | 23 | €46 | €0 | -€46 | -100% |
| Furniture and vehicles | 24 | €712 | €6,238 | +€5,526 | +776% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €2,900 | €2,900 | = | 0.0% |
| Current assets | 29/58 | €15,248 | €31,073 | +€15,825 | +104% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €9,380 | €26,591 | +€17,212 | +183% |
| Trade receivables | 40 | €9,035 | €26,127 | +€17,093 | +189% |
| Other amounts receivable | 41 | €345 | €464 | +€119 | +34.4% |
| Cash at bank and in hand | 54/58 | €15 | €3 | -€12 | -81.5% |
| Deferred charges and accrued income | 490/1 | €5,853 | €4,479 | -€1,375 | -23.5% |
| Total equity and liabilities | 10/49 | €27,282 | €41,206 | +€13,924 | +51.0% |
| Equity | 10/15 | -€155,447 | -€148,913 | +€6,534 | +4.2% |
| Contributions | 10/11 | €21,000 | €21,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€176,447 | -€169,913 | +€6,534 | +3.7% |
| Amounts payable | 17/49 | €182,729 | €190,119 | +€7,390 | +4.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €182,729 | €190,119 | +€7,390 | +4.0% |
| Current portion of amounts payable after more than one year | 42 | €2,242 | €0 | -€2,242 | -100% |
| Financial debts | 43 | €4,791 | €5,144 | +€354 | +7.4% |
| Credit institutions | 430/8 | €4,791 | €5,144 | +€354 | +7.4% |
| Trade debts | 44 | €15,718 | €18,954 | +€3,236 | +20.6% |
| Suppliers | 440/4 | €15,718 | €18,954 | +€3,236 | +20.6% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €9,698 | €7,866 | -€1,833 | -18.9% |
| Taxes | 450/3 | €5,939 | €6,098 | +€159 | +2.7% |
| Remuneration and social security | 454/9 | €3,760 | €1,768 | -€1,992 | -53.0% |
| Other amounts payable | 47/48 | €150,279 | €158,155 | +€7,876 | +5.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €875 | €0 | -€875 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,051 | €8,215 | -€835 | -9.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €15,883 | €0 | -€15,883 | -100% |
| Other operating charges | 640/8 | €4,792 | €1,237 | -€3,555 | -74.2% |
| Non-recurring operating charges | 66A | €4,084 | €0 | -€4,084 | -100% |
| Gross operating margin | 9900 | -€34,067 | €19,555 | +€53,622 | |
| Operating profit (loss) | 9901 | -€68,751 | €10,102 | +€78,853 | |
| Financial income | 75/76B | €82 | €1 | -€81 | -98.8% |
| Recurring financial income | 75 | €82 | €1 | -€81 | -98.8% |
| Financial charges | 65/66B | €10,068 | €3,379 | -€6,690 | -66.4% |
| Recurring financial charges | 65 | €10,068 | €3,379 | -€6,690 | -66.4% |
| Profit (loss) for the period before taxes | 9903 | -€78,737 | €6,725 | +€85,462 | |
| Income taxes | 67/77 | €164 | €191 | +€27 | +16.3% |
| Profit (loss) for the period | 9904 | -€78,901 | €6,534 | +€85,435 | |
| Profit (loss) for the period to be appropriated | 9905 | -€78,901 | €6,534 | +€85,435 |
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 20 October 2026 via checked.be.