AMHERST CONSULTING: 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.
What changed
AMHERST CONSULTING
NACE 68.310, Real estate agency activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€195,133
2024 · -€5,431+€200,564
Equity
€2.8m
2024 · €3.3m-€453,365
Cash
€57,771
2024 · €25,044+€32,727
Balance sheet total
€16.0m
2024 · €12.6m+€3.4m
Largest movements
Assets
- Stocks and contracts +€5.3m
up €5.3m (+446%), from €1.2m to €6.5m
- Intangible fixed assets -€2.6m
down €2.6m (-100%), from €2.6m to €0
- Tangible fixed assets +€592,295
up €592,295 (+7.3%), from €8.1m to €8.7m
of which Other tangible fixed assets: +€1.7m
Equity and liabilities
- Debts after one year +€3.9m
up €3.9m (+83.2%), from €4.6m to €8.5m
- Other debts -€764,722
down €764,722 (-38.9%), from €2.0m to €1.2m
- Revaluation surpluses -€447,556
down €447,556 (-24.0%), from €1.9m to €1.4m
- Short-term financial debts +€348,162
up €348,162 (+16.4%), from €2.1m to €2.5m
- Current portion of long-term debt +€166,017
up €166,017 (+50.0%), from €331,848 to €497,865
Income statement
- Financial charges +€267,872
up €267,872 (+93.4%), from €286,837 to €554,709
- Gross operating margin +€237,788
up €237,788 (+32.8%), from €725,757 to €963,545
- Depreciation -€231,932
down €231,932 (-66.2%), from €350,323 to €118,391
- Taxes +€30,596
up €30,596 (+90.7%), from €33,736 to €64,332
- Other operating charges -€26,660
down €26,660 (-50.7%), from €52,606 to €25,946
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.
Result 2024
-€5,431
Gross operating margin
+€237,788
Staff costs
-€1,647
Depreciation
+€231,932
Other operating charges
+€26,660
Financial income
+€4,297
Financial charges
-€267,872
Taxes
-€30,596
Result 2025
€195,133
raises the resultlowers the result
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.
From operations
-€5.5m
Investment
+€1.8m
Financing
+€3.7m
Cash 2024
€25,044
From operations (derived)
-€5.5m
Net result for the year
+€195,133
Depreciation
+€118,391
Stocks and contracts
-€5.3m
Receivables within one year
+€47,666
Smaller working-capital items
+€537
Trade debts
+€80,809
Tax, wage and social debts
+€86,527
Other debts
-€764,722
Accrued charges and deferred income
+€50,643
Investment (derived)
+€1.8m
Investment in fixed assets (net)
+€1.8m
Financing
+€3.7m
Debts after one year
+€3.9m
Current portion of long-term debt
+€166,017
Short-term financial debts
+€348,162
Contributions, distributions and other
-€648,497
Cash 2025
€57,771
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,589,945 | €15,962,221 | +€3.4m | +26.8% |
| Fixed assets | 21/28 | €10,660,803 | €8,702,719 | -€2.0m | -18.4% |
| Intangible fixed assets | 21 | €2,555,379 | €0 | -€2.6m | -100% |
| Tangible fixed assets | 22/27 | €8,105,424 | €8,697,719 | +€592,295 | +7.3% |
| Land and buildings | 22 | €7,117,113 | €6,030,900 | -€1.1m | -15.3% |
| Plant, machinery and equipment | 23 | €4,481 | €3,568 | -€913 | -20.4% |
| Furniture and vehicles | 24 | €204,425 | €175,293 | -€29,132 | -14.3% |
| Other tangible fixed assets | 26 | €779,404 | €2,487,957 | +€1.7m | +219% |
| Financial fixed assets | 28 | - | €5,000 | +€5,000 | |
| Current assets | 29/58 | €1,929,141 | €7,259,502 | +€5.3m | +276% |
| Stocks and contracts in progress | 3 | €1,199,697 | €6,548,973 | +€5.3m | +446% |
| Stocks | 30/36 | €1,199,697 | €6,548,973 | +€5.3m | +446% |
| Amounts receivable within one year | 40/41 | €700,425 | €652,759 | -€47,666 | -6.8% |
| Trade receivables | 40 | €513,794 | €0 | -€513,794 | -100% |
| Other amounts receivable | 41 | €186,631 | €652,759 | +€466,128 | +250% |
| Cash at bank and in hand | 54/58 | €25,044 | €57,771 | +€32,727 | +131% |
| Deferred charges and accrued income | 490/1 | €3,975 | €0 | -€3,975 | -100% |
| Total equity and liabilities | 10/49 | €12,589,945 | €15,962,221 | +€3.4m | +26.8% |
| Equity | 10/15 | €3,264,544 | €2,811,180 | -€453,365 | -13.9% |
| Contributions | 10/11 | €934,147 | €934,147 | = | 0.0% |
| Revaluation surpluses | 12 | €1,862,442 | €1,414,886 | -€447,556 | -24.0% |
| Reserves | 13 | €272,247 | €266,438 | -€5,809 | -2.1% |
| Non-distributable reserves | 130/1 | €3,719 | €3,719 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,719 | €3,719 | = | 0.0% |
| Tax-exempt reserves | 132 | €186,778 | €180,969 | -€5,809 | -3.1% |
| Distributable reserves | 133 | €81,750 | €81,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €195,708 | €195,708 | = | 0.0% |
| Provisions and deferred taxes | 16 | €77,969 | €74,531 | -€3,438 | -4.4% |
| Deferred taxes | 168 | €77,969 | €74,531 | -€3,438 | -4.4% |
| Amounts payable | 17/49 | €9,247,432 | €13,076,511 | +€3.8m | +41.4% |
| Amounts payable after more than one year | 17 | €4,641,853 | €8,503,497 | +€3.9m | +83.2% |
| Financial debts | 170/4 | €4,641,853 | €8,503,497 | +€3.9m | +83.2% |
| Amounts payable within one year | 42/48 | €4,543,078 | €4,459,871 | -€83,207 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €331,848 | €497,865 | +€166,017 | +50.0% |
| Financial debts | 43 | €2,117,850 | €2,466,012 | +€348,162 | +16.4% |
| Credit institutions | 430/8 | €2,117,850 | €2,466,012 | +€348,162 | +16.4% |
| Trade debts | 44 | €71,164 | €151,973 | +€80,809 | +114% |
| Suppliers | 440/4 | €71,164 | €151,973 | +€80,809 | +114% |
| Taxes, remuneration and social security | 45 | €57,771 | €144,298 | +€86,527 | +150% |
| Taxes | 450/3 | €57,771 | €136,657 | +€78,886 | +137% |
| Remuneration and social security | 454/9 | €0 | €7,641 | +€7,641 | |
| Other amounts payable | 47/48 | €1,964,446 | €1,199,723 | -€764,722 | -38.9% |
| Accrued charges and deferred income | 492/3 | €62,500 | €113,143 | +€50,643 | +81.0% |
| Non-recurring operating income | 76A | €121 | €0 | -€121 | -100% |
| Remuneration, social security and pensions | 62 | €11,431 | €13,078 | +€1,647 | +14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €350,323 | €118,391 | -€231,932 | -66.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €52,606 | €25,946 | -€26,660 | -50.7% |
| Gross operating margin | 9900 | €725,757 | €963,545 | +€237,788 | +32.8% |
| Operating profit (loss) | 9901 | €311,397 | €806,131 | +€494,733 | +159% |
| Financial income | 75/76B | €308 | €4,605 | +€4,297 | +1,394% |
| Recurring financial income | 75 | €308 | €4,605 | +€4,297 | +1,394% |
| Financial charges | 65/66B | €286,837 | €554,709 | +€267,872 | +93.4% |
| Recurring financial charges | 65 | €286,837 | €554,709 | +€267,872 | +93.4% |
| Profit (loss) for the period before taxes | 9903 | €24,868 | €256,026 | +€231,158 | +930% |
| Transfer from deferred taxes | 780 | €3,437 | €3,438 | +€1 | 0.0% |
| Income taxes | 67/77 | €33,736 | €64,332 | +€30,596 | +90.7% |
| Profit (loss) for the period | 9904 | -€5,431 | €195,133 | +€200,564 | |
| Transfer from tax-exempt reserves | 789 | €5,808 | €5,809 | +€1 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €377 | €200,941 | +€200,564 | +53,158% |
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 29 October 2026 via checked.be.