AMGATH: what changed
Two fiscal 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.
AMGATH
Largest movements
- Receivables within one year +€217,644
up €217,644 (+413.0%), from €52,703 to €270,347
of which Trade receivables: +€186,891
- Cash +€16,068
up €16,068 (+19.2%), from €83,768 to €99,836
mainly Trade debts (+€153,497) and Tax, wage and social debts (+€34,292)
- Tangible fixed assets -€7,612
down €7,612 (-31.9%), from €23,840 to €16,228
of which Furniture and vehicles: -€6,381
- Trade debts +€153,497
up €153,497 (+10205.9%), from €1,504 to €155,001
of which Bills of exchange payable: +€136,364
- Tax, wage and social debts +€34,292
new in 2025: €34,292
of which Taxes: +€30,423
- Current portion of long-term debt +€23,492
up €23,492 (+142.3%), from €16,508 to €40,000
- Profit (loss) carried forward +€19,456
up €19,456 (+14.8%), from €131,309 to €150,765
- Other debts -€4,520
down €4,520 (-35.8%), from €12,609 to €8,089
- Gross operating margin -€11,301
down €11,301 (-11.0%), from €102,526 to €91,225
- Taxes +€8,998
up €8,998 (+505.2%), from €1,781 to €10,779
- Financial charges -€4,453
down €4,453 (-74.9%), from €5,945 to €1,492
of which Non-recurring financial charges: -€4,650
- Staff costs +€3,449
up €3,449 (+7.3%), from €47,523 to €50,972
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 | €182,390 | €408,895 | +€226,505 | +124.2% |
| Fixed assets | 21/28 | €45,919 | €38,306 | -€7,612 | -16.6% |
| Tangible fixed assets | 22/27 | €23,840 | €16,228 | -€7,612 | -31.9% |
| Plant, machinery and equipment | 23 | €6,919 | €5,688 | -€1,231 | -17.8% |
| Furniture and vehicles | 24 | €16,920 | €10,539 | -€6,381 | -37.7% |
| Financial fixed assets | 28 | €22,079 | €22,079 | = | 0.0% |
| Current assets | 29/58 | €136,471 | €370,589 | +€234,117 | +171.6% |
| Amounts receivable within one year | 40/41 | €52,703 | €270,347 | +€217,644 | +413.0% |
| Trade receivables | 40 | €6,107 | €192,998 | +€186,891 | +3060.5% |
| Other amounts receivable | 41 | €46,596 | €77,350 | +€30,753 | +66.0% |
| Cash at bank and in hand | 54/58 | €83,768 | €99,836 | +€16,068 | +19.2% |
| Deferred charges and accrued income | 490/1 | - | €406 | +€406 | |
| Total equity and liabilities | 10/49 | €182,390 | €408,895 | +€226,505 | +124.2% |
| Equity | 10/15 | €151,769 | €171,225 | +€19,456 | +12.8% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €131,309 | €150,765 | +€19,456 | +14.8% |
| Amounts payable | 17/49 | €30,621 | €237,670 | +€207,049 | +676.2% |
| Amounts payable within one year | 42/48 | €30,621 | €237,670 | +€207,049 | +676.2% |
| Current portion of amounts payable after more than one year | 42 | €16,508 | €40,000 | +€23,492 | +142.3% |
| Financial debts | 43 | - | €288 | +€288 | |
| Credit institutions | 430/8 | - | €288 | +€288 | |
| Trade debts | 44 | €1,504 | €155,001 | +€153,497 | +10205.9% |
| Suppliers | 440/4 | €1,504 | €18,638 | +€17,134 | +1139.2% |
| Bills of exchange payable | 441 | - | €136,364 | +€136,364 | |
| Taxes, remuneration and social security | 45 | - | €34,292 | +€34,292 | |
| Taxes | 450/3 | - | €30,423 | +€30,423 | |
| Remuneration and social security | 454/9 | - | €3,869 | +€3,869 | |
| Other amounts payable | 47/48 | €12,609 | €8,089 | -€4,520 | -35.8% |
| Remuneration, social security and pensions | 62 | €47,523 | €50,972 | +€3,449 | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,975 | €8,025 | -€950 | -10.6% |
| Other operating charges | 640/8 | €1,041 | €900 | -€141 | -13.5% |
| Gross operating margin | 9900 | €102,526 | €91,225 | -€11,301 | -11.0% |
| Operating profit (loss) | 9901 | €44,987 | €31,327 | -€13,659 | -30.4% |
| Financial income | 75/76B | €117 | €401 | +€284 | +243.7% |
| Recurring financial income | 75 | €117 | €401 | +€284 | +243.7% |
| Financial charges | 65/66B | €5,945 | €1,492 | -€4,453 | -74.9% |
| Recurring financial charges | 65 | €1,295 | €1,492 | +€197 | +15.2% |
| Non-recurring financial charges | 66B | €4,650 | - | -€4,650 | |
| Profit (loss) for the period before taxes | 9903 | €39,158 | €30,235 | -€8,922 | -22.8% |
| Income taxes | 67/77 | €1,781 | €10,779 | +€8,998 | +505.2% |
| Profit (loss) for the period | 9904 | €37,377 | €19,456 | -€17,921 | -47.9% |
| Profit (loss) for the period to be appropriated | 9905 | €37,377 | €19,456 | -€17,921 | -47.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.