AMICITIA: 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.
AMICITIA
Largest movements
- Tangible fixed assets +€678,632
up €678,632 (+52.7%), from €1.3m to €2.0m
of which Land and buildings: +€560,500
- Cash -€99,745
down €99,745 (-26.2%), from €380,722 to €280,977
mainly Investment in fixed assets (net) (-€791,787) and Deferred charges and accrued income (-€72,861)
- Deferred charges and accrued income +€72,861
up €72,861, from €0 to €72,861
- Receivables within one year -€59,256
down €59,256 (-39.8%), from €148,868 to €89,612
of which Trade receivables: -€65,548
- Reserves +€419,000
up €419,000 (+41.0%), from €1.0m to €1.4m
- Debts after one year +€166,675
up €166,675 (+21.6%), from €771,549 to €938,223
- Trade debts +€84,849
up €84,849 (+293.0%), from €28,962 to €113,811
- Tax, wage and social debts -€45,747
down €45,747 (-34.0%), from €134,368 to €88,621
of which Taxes: -€55,611
- Gross operating margin +€107,723
up €107,723 (+10.9%), from €985,094 to €1.1m
- Staff costs +€20,343
up €20,343 (+8.3%), from €245,490 to €265,833
- Taxes +€17,029
up €17,029 (+9.4%), from €181,325 to €198,354
- Financial charges +€15,427
up €15,427 (+65.8%), from €23,450 to €38,877
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 | €2,263,842 | €2,880,475 | +€616,633 | +27.2% |
| Fixed assets | 21/28 | €1,311,275 | €2,002,648 | +€691,373 | +52.7% |
| Intangible fixed assets | 21 | €12,403 | €27,744 | +€15,341 | +123.7% |
| Tangible fixed assets | 22/27 | €1,287,822 | €1,966,454 | +€678,632 | +52.7% |
| Land and buildings | 22 | €940,581 | €1,501,081 | +€560,500 | +59.6% |
| Plant, machinery and equipment | 23 | €15,606 | €112,528 | +€96,922 | +621.1% |
| Furniture and vehicles | 24 | €14,582 | €47,287 | +€32,705 | +224.3% |
| Leasing and similar rights | 25 | €20,734 | €14,001 | -€6,733 | -32.5% |
| Other tangible fixed assets | 26 | €296,318 | €291,556 | -€4,762 | -1.6% |
| Financial fixed assets | 28 | €11,050 | €8,450 | -€2,600 | -23.5% |
| Current assets | 29/58 | €952,568 | €877,827 | -€74,740 | -7.8% |
| Stocks and contracts in progress | 3 | €21,358 | €32,759 | +€11,401 | +53.4% |
| Stocks | 30/36 | €21,358 | €32,759 | +€11,401 | +53.4% |
| Amounts receivable within one year | 40/41 | €148,868 | €89,612 | -€59,256 | -39.8% |
| Trade receivables | 40 | €122,599 | €57,050 | -€65,548 | -53.5% |
| Other amounts receivable | 41 | €26,269 | €32,561 | +€6,292 | +24.0% |
| Current investments | 50/53 | €401,620 | €401,620 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €380,722 | €280,977 | -€99,745 | -26.2% |
| Deferred charges and accrued income | 490/1 | €0 | €72,861 | +€72,861 | |
| Total equity and liabilities | 10/49 | €2,263,842 | €2,880,475 | +€616,633 | +27.2% |
| Equity | 10/15 | €1,232,806 | €1,652,124 | +€419,319 | +34.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €1,021,156 | €1,440,156 | +€419,000 | +41.0% |
| Distributable reserves | 133 | €1,021,156 | €1,440,156 | +€419,000 | +41.0% |
| Profit (loss) carried forward | 14 | €201,650 | €201,968 | +€319 | +0.2% |
| Amounts payable | 17/49 | €1,031,037 | €1,228,351 | +€197,314 | +19.1% |
| Amounts payable after more than one year | 17 | €771,549 | €938,223 | +€166,675 | +21.6% |
| Financial debts | 170/4 | €771,549 | €938,223 | +€166,675 | +21.6% |
| Amounts payable within one year | 42/48 | €253,450 | €288,938 | +€35,488 | +14.0% |
| Current portion of amounts payable after more than one year | 42 | €89,889 | €76,592 | -€13,297 | -14.8% |
| Trade debts | 44 | €28,962 | €113,811 | +€84,849 | +293.0% |
| Suppliers | 440/4 | €28,962 | €113,811 | +€84,849 | +293.0% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €134,368 | €88,621 | -€45,747 | -34.0% |
| Taxes | 450/3 | €120,320 | €64,709 | -€55,611 | -46.2% |
| Remuneration and social security | 454/9 | €14,048 | €23,913 | +€9,864 | +70.2% |
| Other amounts payable | 47/48 | €230 | €9,914 | +€9,684 | +4207.4% |
| Accrued charges and deferred income | 492/3 | €6,037 | €1,189 | -€4,849 | -80.3% |
| Non-recurring operating income | 76A | €14,725 | €15,000 | +€275 | +1.9% |
| Remuneration, social security and pensions | 62 | €245,490 | €265,833 | +€20,343 | +8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,926 | €100,415 | +€6,489 | +6.9% |
| Other operating charges | 640/8 | €10,913 | €8,345 | -€2,568 | -23.5% |
| Non-recurring operating charges | 66A | €359 | €0 | -€359 | -100.0% |
| Gross operating margin | 9900 | €985,094 | €1,092,817 | +€107,723 | +10.9% |
| Operating profit (loss) | 9901 | €634,405 | €718,224 | +€83,819 | +13.2% |
| Financial income | 75/76B | €2,926 | €326 | -€2,600 | -88.9% |
| Recurring financial income | 75 | €2,926 | €326 | -€2,600 | -88.9% |
| Financial charges | 65/66B | €23,450 | €38,877 | +€15,427 | +65.8% |
| Recurring financial charges | 65 | €23,450 | €38,877 | +€15,427 | +65.8% |
| Profit (loss) for the period before taxes | 9903 | €613,881 | €679,673 | +€65,791 | +10.7% |
| Income taxes | 67/77 | €181,325 | €198,354 | +€17,029 | +9.4% |
| Profit (loss) for the period | 9904 | €432,556 | €481,319 | +€48,763 | +11.3% |
| Profit (loss) for the period to be appropriated | 9905 | €432,556 | €481,319 | +€48,763 | +11.3% |
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 10 October 2026 via checked.be.