AMICAU: 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.
AMICAU
Largest movements
- Cash +€75,876
up €75,876 (+153%), from €49,704 to €125,579
mainly Depreciation (+€114,379) and Tax, wage and social debts (+€79,713)
- Receivables within one year -€65,451
down €65,451 (-57.5%), from €113,900 to €48,449
of which Trade receivables: -€47,604
- Tangible fixed assets -€30,335
down €30,335 (-3.2%), from €935,264 to €904,929
of which Other tangible fixed assets: -€32,695
- Debts after one year -€134,671
down €134,671 (-17.1%), from €789,524 to €654,853
- Tax, wage and social debts +€79,713
up €79,713 (+147%), from €54,385 to €134,098
of which Taxes: +€62,685
- Reserves +€50,662
up €50,662 (+20.5%), from €246,971 to €297,633
- Other debts -€40,140
down €40,140 (-27.6%), from €145,638 to €105,498
- Trade debts +€25,864
up €25,864 (+21.9%), from €118,102 to €143,966
- Depreciation +€9,127
up €9,127 (+8.7%), from €105,251 to €114,379
- Staff costs +€7,820
up €7,820 (+3.2%), from €244,263 to €252,083
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 | €1,550,080 | €1,533,718 | -€16,363 | -1.1% |
| Fixed assets | 21/28 | €942,757 | €912,151 | -€30,606 | -3.2% |
| Intangible fixed assets | 21 | €7,493 | €7,222 | -€271 | -3.6% |
| Tangible fixed assets | 22/27 | €935,264 | €904,929 | -€30,335 | -3.2% |
| Land and buildings | 22 | €542,817 | €565,307 | +€22,491 | +4.1% |
| Plant, machinery and equipment | 23 | €22,144 | €15,719 | -€6,426 | -29.0% |
| Furniture and vehicles | 24 | €56,650 | €42,945 | -€13,706 | -24.2% |
| Other tangible fixed assets | 26 | €313,653 | €280,958 | -€32,695 | -10.4% |
| Current assets | 29/58 | €607,323 | €621,566 | +€14,243 | +2.3% |
| Stocks and contracts in progress | 3 | €427,431 | €430,127 | +€2,696 | +0.6% |
| Stocks | 30/36 | €427,431 | €430,127 | +€2,696 | +0.6% |
| Amounts receivable within one year | 40/41 | €113,900 | €48,449 | -€65,451 | -57.5% |
| Trade receivables | 40 | €90,484 | €42,880 | -€47,604 | -52.6% |
| Other amounts receivable | 41 | €23,417 | €5,569 | -€17,848 | -76.2% |
| Cash at bank and in hand | 54/58 | €49,704 | €125,579 | +€75,876 | +153% |
| Deferred charges and accrued income | 490/1 | €16,288 | €17,411 | +€1,123 | +6.9% |
| Total equity and liabilities | 10/49 | €1,550,080 | €1,533,718 | -€16,363 | -1.1% |
| Equity | 10/15 | €253,171 | €303,833 | +€50,662 | +20.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €246,971 | €297,633 | +€50,662 | +20.5% |
| Distributable reserves | 133 | €246,971 | €297,633 | +€50,662 | +20.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,296,910 | €1,229,885 | -€67,025 | -5.2% |
| Amounts payable after more than one year | 17 | €789,524 | €654,853 | -€134,671 | -17.1% |
| Financial debts | 170/4 | €789,524 | €654,853 | -€134,671 | -17.1% |
| Amounts payable within one year | 42/48 | €505,833 | €570,138 | +€64,305 | +12.7% |
| Current portion of amounts payable after more than one year | 42 | €127,203 | €134,671 | +€7,468 | +5.9% |
| Financial debts | 43 | €25,365 | €28,693 | +€3,328 | +13.1% |
| Credit institutions | 430/8 | €25,365 | €28,693 | +€3,328 | +13.1% |
| Trade debts | 44 | €118,102 | €143,966 | +€25,864 | +21.9% |
| Suppliers | 440/4 | €118,102 | €143,966 | +€25,864 | +21.9% |
| Advances received on contracts in progress | 46 | €35,139 | €23,212 | -€11,927 | -33.9% |
| Taxes, remuneration and social security | 45 | €54,385 | €134,098 | +€79,713 | +147% |
| Taxes | 450/3 | €28,989 | €91,674 | +€62,685 | +216% |
| Remuneration and social security | 454/9 | €25,396 | €42,424 | +€17,028 | +67.0% |
| Other amounts payable | 47/48 | €145,638 | €105,498 | -€40,140 | -27.6% |
| Accrued charges and deferred income | 492/3 | €1,553 | €4,895 | +€3,341 | +215% |
| Non-recurring operating income | 76A | €287 | €0 | -€287 | -100% |
| Remuneration, social security and pensions | 62 | €244,263 | €252,083 | +€7,820 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €105,251 | €114,379 | +€9,127 | +8.7% |
| Other operating charges | 640/8 | €8,218 | €8,829 | +€611 | +7.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €468,918 | €471,674 | +€2,756 | +0.6% |
| Operating profit (loss) | 9901 | €111,186 | €96,384 | -€14,802 | -13.3% |
| Financial income | 75/76B | €10,642 | €9,698 | -€943 | -8.9% |
| Recurring financial income | 75 | €10,642 | €9,698 | -€943 | -8.9% |
| Financial charges | 65/66B | €44,000 | €41,007 | -€2,993 | -6.8% |
| Recurring financial charges | 65 | €44,000 | €41,007 | -€2,993 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €77,828 | €65,075 | -€12,752 | -16.4% |
| Income taxes | 67/77 | €14,251 | €14,414 | +€163 | +1.1% |
| Profit (loss) for the period | 9904 | €63,576 | €50,662 | -€12,915 | -20.3% |
| Profit (loss) for the period to be appropriated | 9905 | €63,576 | €50,662 | -€12,915 | -20.3% |
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 14 October 2026 via checked.be.