AMFICO: 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.
AMFICO
Largest movements
- Cash -€106,169
down €106,169 (-70.9%), from €149,699 to €43,529
mainly Contributions, distributions and other (-€248,111) and Other debts (-€232,735)
- Receivables within one year +€50,679
up €50,679 (+8.7%), from €583,358 to €634,037
of which Trade receivables: +€58,312
- Tangible fixed assets -€46,330
down €46,330 (-9.4%), from €494,664 to €448,335
- Deferred charges and accrued income +€22,191
up €22,191 (+54.6%), from €40,678 to €62,868
- Other debts -€232,735
down €232,735 (-46.0%), from €506,318 to €273,583
- Trade debts +€228,661
up €228,661 (+227%), from €100,903 to €329,565
- Debts after one year -€86,607
down €86,607 (-32.0%), from €270,239 to €183,632
- Staff costs +€155,382
up €155,382 (+30.1%), from €516,573 to €671,955
- Gross operating margin -€91,309
down €91,309 (-8.0%), from €1.1m to €1.0m
- Write-downs +€21,836
up €21,836, from -€19,784 to €2,053
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,285,167 | €1,197,538 | -€87,629 | -6.8% |
| Fixed assets | 21/28 | €511,432 | €457,103 | -€54,330 | -10.6% |
| Intangible fixed assets | 21 | €16,768 | €8,768 | -€8,000 | -47.7% |
| Tangible fixed assets | 22/27 | €494,664 | €448,335 | -€46,330 | -9.4% |
| Land and buildings | 22 | €322,823 | €302,562 | -€20,261 | -6.3% |
| Plant, machinery and equipment | 23 | €29,407 | €22,857 | -€6,550 | -22.3% |
| Furniture and vehicles | 24 | €142,434 | €122,915 | -€19,519 | -13.7% |
| Current assets | 29/58 | €773,734 | €740,435 | -€33,299 | -4.3% |
| Amounts receivable within one year | 40/41 | €583,358 | €634,037 | +€50,679 | +8.7% |
| Trade receivables | 40 | €574,821 | €633,133 | +€58,312 | +10.1% |
| Other amounts receivable | 41 | €8,537 | €904 | -€7,633 | -89.4% |
| Cash at bank and in hand | 54/58 | €149,699 | €43,529 | -€106,169 | -70.9% |
| Deferred charges and accrued income | 490/1 | €40,678 | €62,868 | +€22,191 | +54.6% |
| Total equity and liabilities | 10/49 | €1,285,167 | €1,197,538 | -€87,629 | -6.8% |
| Equity | 10/15 | €209,925 | €201,523 | -€8,402 | -4.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €191,325 | €182,923 | -€8,402 | -4.4% |
| Distributable reserves | 133 | €191,325 | €182,923 | -€8,402 | -4.4% |
| Amounts payable | 17/49 | €1,075,242 | €996,015 | -€79,227 | -7.4% |
| Amounts payable after more than one year | 17 | €270,239 | €183,632 | -€86,607 | -32.0% |
| Financial debts | 170/4 | €270,239 | €183,632 | -€86,607 | -32.0% |
| Amounts payable within one year | 42/48 | €803,649 | €799,256 | -€4,393 | -0.5% |
| Current portion of amounts payable after more than one year | 42 | €84,215 | €86,607 | +€2,392 | +2.8% |
| Financial debts | 43 | €15,879 | €17,593 | +€1,714 | +10.8% |
| Credit institutions | 430/8 | €15,879 | €17,593 | +€1,714 | +10.8% |
| Trade debts | 44 | €100,903 | €329,565 | +€228,661 | +227% |
| Suppliers | 440/4 | €100,903 | €329,565 | +€228,661 | +227% |
| Taxes, remuneration and social security | 45 | €96,334 | €91,909 | -€4,426 | -4.6% |
| Taxes | 450/3 | €68,126 | €54,899 | -€13,227 | -19.4% |
| Remuneration and social security | 454/9 | €28,208 | €37,010 | +€8,802 | +31.2% |
| Other amounts payable | 47/48 | €506,318 | €273,583 | -€232,735 | -46.0% |
| Accrued charges and deferred income | 492/3 | €1,354 | €13,126 | +€11,773 | +870% |
| Remuneration, social security and pensions | 62 | €516,573 | €671,955 | +€155,382 | +30.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,147 | €84,885 | +€2,738 | +3.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€19,784 | €2,053 | +€21,836 | |
| Other operating charges | 640/8 | €4,318 | €5,901 | +€1,583 | +36.7% |
| Gross operating margin | 9900 | €1,134,328 | €1,043,020 | -€91,309 | -8.0% |
| Operating profit (loss) | 9901 | €551,074 | €278,226 | -€272,848 | -49.5% |
| Financial income | 75/76B | €1,136 | €1,822 | +€686 | +60.4% |
| Recurring financial income | 75 | €1,136 | €1,822 | +€686 | +60.4% |
| Financial charges | 65/66B | €11,717 | €11,072 | -€645 | -5.5% |
| Recurring financial charges | 65 | €11,717 | €11,072 | -€645 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | €540,493 | €268,977 | -€271,517 | -50.2% |
| Income taxes | 67/77 | €30,518 | €29,267 | -€1,251 | -4.1% |
| Profit (loss) for the period | 9904 | €509,975 | €239,710 | -€270,265 | -53.0% |
| Profit (loss) for the period to be appropriated | 9905 | €509,975 | €239,710 | -€270,265 | -53.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.