AMFORE: 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.
AMFORE
Largest movements
- Cash -€19,103
down €19,103 (-98.0%), from €19,502 to €398
mainly Net result for the year (-€34,059) and Debts after one year (-€25,829)
- Tangible fixed assets -€9,396
down €9,396 (-7.8%), from €120,046 to €110,650
of which Land and buildings: -€10,370
- Stocks and contracts +€5,592
up €5,592 (+17.3%), from €32,309 to €37,900
- Receivables within one year -€4,626
down €4,626 (-35.6%), from €12,985 to €8,359
of which Other amounts receivable: -€3,477
- Profit (loss) carried forward -€34,059
down €34,059 (-195.7%), from -€17,400 to -€51,459
- Other debts +€26,046
up €26,046 (+84.9%), from €30,671 to €56,717
- Debts after one year -€25,829
down €25,829 (-25.0%), from €103,437 to €77,608
- Current portion of long-term debt +€8,268
up €8,268 (+33.6%), from €24,574 to €32,842
- Trade debts -€2,689
down €2,689 (-11.4%), from €23,519 to €20,830
- Staff costs +€32,792
up €32,792 (+61.0%), from €53,774 to €86,565
- Gross operating margin +€19,668
up €19,668 (+32.7%), from €60,130 to €79,798
- Depreciation +€2,763
up €2,763 (+19.0%), from €14,522 to €17,286
- Financial charges +€1,370
up €1,370 (+18.2%), from €7,549 to €8,920
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 | €188,250 | €161,518 | -€26,731 | -14.2% |
| Fixed assets | 21/28 | €122,041 | €112,132 | -€9,910 | -8.1% |
| Intangible fixed assets | 21 | €1,995 | €1,481 | -€514 | -25.8% |
| Tangible fixed assets | 22/27 | €120,046 | €110,650 | -€9,396 | -7.8% |
| Land and buildings | 22 | €94,054 | €83,683 | -€10,370 | -11.0% |
| Plant, machinery and equipment | 23 | €23,168 | €17,705 | -€5,463 | -23.6% |
| Furniture and vehicles | 24 | €2,824 | €9,262 | +€6,438 | +228.0% |
| Current assets | 29/58 | €66,208 | €49,386 | -€16,822 | -25.4% |
| Stocks and contracts in progress | 3 | €32,309 | €37,900 | +€5,592 | +17.3% |
| Stocks | 30/36 | €32,309 | €37,900 | +€5,592 | +17.3% |
| Amounts receivable within one year | 40/41 | €12,985 | €8,359 | -€4,626 | -35.6% |
| Trade receivables | 40 | €8,880 | €7,731 | -€1,149 | -12.9% |
| Other amounts receivable | 41 | €4,105 | €628 | -€3,477 | -84.7% |
| Cash at bank and in hand | 54/58 | €19,502 | €398 | -€19,103 | -98.0% |
| Deferred charges and accrued income | 490/1 | €1,413 | €2,728 | +€1,315 | +93.1% |
| Total equity and liabilities | 10/49 | €188,250 | €161,518 | -€26,731 | -14.2% |
| Equity | 10/15 | -€2,400 | -€36,459 | -€34,059 | -1419.3% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,400 | -€51,459 | -€34,059 | -195.7% |
| Amounts payable | 17/49 | €190,649 | €197,977 | +€7,327 | +3.8% |
| Amounts payable after more than one year | 17 | €103,437 | €77,608 | -€25,829 | -25.0% |
| Financial debts | 170/4 | €103,437 | €77,608 | -€25,829 | -25.0% |
| Amounts payable within one year | 42/48 | €87,212 | €120,369 | +€33,157 | +38.0% |
| Current portion of amounts payable after more than one year | 42 | €24,574 | €32,842 | +€8,268 | +33.6% |
| Trade debts | 44 | €23,519 | €20,830 | -€2,689 | -11.4% |
| Suppliers | 440/4 | €23,519 | €20,830 | -€2,689 | -11.4% |
| Taxes, remuneration and social security | 45 | €8,449 | €9,981 | +€1,532 | +18.1% |
| Taxes | 450/3 | €1,807 | €801 | -€1,006 | -55.7% |
| Remuneration and social security | 454/9 | €6,641 | €9,180 | +€2,539 | +38.2% |
| Other amounts payable | 47/48 | €30,671 | €56,717 | +€26,046 | +84.9% |
| Remuneration, social security and pensions | 62 | €53,774 | €86,565 | +€32,792 | +61.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,522 | €17,286 | +€2,763 | +19.0% |
| Other operating charges | 640/8 | €1,685 | €972 | -€713 | -42.3% |
| Gross operating margin | 9900 | €60,130 | €79,798 | +€19,668 | +32.7% |
| Operating profit (loss) | 9901 | -€9,851 | -€25,025 | -€15,174 | -154.0% |
| Financial income | 75/76B | €181 | €80 | -€101 | -55.7% |
| Recurring financial income | 75 | €181 | €80 | -€101 | -55.7% |
| Financial charges | 65/66B | €7,549 | €8,920 | +€1,370 | +18.2% |
| Recurring financial charges | 65 | €7,549 | €8,920 | +€1,370 | +18.2% |
| Profit (loss) for the period before taxes | 9903 | -€17,220 | -€33,864 | -€16,645 | -96.7% |
| Income taxes | 67/77 | €180 | €195 | +€15 | +8.1% |
| Profit (loss) for the period | 9904 | -€17,400 | -€34,059 | -€16,659 | -95.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,400 | -€34,059 | -€16,659 | -95.7% |
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 12 October 2026 via checked.be.