AMICO ADVISORY: 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.
AMICO ADVISORY
Largest movements
- Current investments +€250,000
up €250,000 (+45.5%), from €550,000 to €800,000
- Cash +€49,806
up €49,806 (+66.5%), from €74,852 to €124,657
mainly Other debts (+€615,602) and Net result for the year (+€240,287)
- Other debts +€615,602
up €615,602 (+1,142%), from €53,904 to €669,505
- Profit (loss) carried forward -€462,584
no longer reported in 2025 (was €462,584)
- Reserves +€105,250
up €105,250 (+50.0%), from €210,500 to €315,750
- Tax, wage and social debts +€24,286
up €24,286 (+126%), from €19,280 to €43,567
- Taxes +€24,178
up €24,178 (+26.1%), from €92,612 to €116,790
- Gross operating margin -€16,415
down €16,415 (-4.3%), from €382,948 to €366,533
- Financial charges +€4,103
up €4,103 (+390%), from €1,053 to €5,155
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 | €754,825 | €1,035,891 | +€281,066 | +37.2% |
| Fixed assets | 21/28 | €67,466 | €59,584 | -€7,882 | -11.7% |
| Tangible fixed assets | 22/27 | €67,466 | €59,584 | -€7,882 | -11.7% |
| Furniture and vehicles | 24 | €13,311 | €11,701 | -€1,611 | -12.1% |
| Other tangible fixed assets | 26 | €54,154 | €47,883 | -€6,271 | -11.6% |
| Current assets | 29/58 | €687,359 | €976,307 | +€288,948 | +42.0% |
| Amounts receivable within one year | 40/41 | €57,793 | €47,621 | -€10,171 | -17.6% |
| Trade receivables | 40 | €51,755 | €47,621 | -€4,134 | -8.0% |
| Other amounts receivable | 41 | €6,038 | - | -€6,038 | |
| Current investments | 50/53 | €550,000 | €800,000 | +€250,000 | +45.5% |
| Cash at bank and in hand | 54/58 | €74,852 | €124,657 | +€49,806 | +66.5% |
| Deferred charges and accrued income | 490/1 | €4,715 | €4,028 | -€686 | -14.6% |
| Total equity and liabilities | 10/49 | €754,825 | €1,035,891 | +€281,066 | +37.2% |
| Equity | 10/15 | €675,084 | €317,750 | -€357,334 | -52.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €210,500 | €315,750 | +€105,250 | +50.0% |
| Tax-exempt reserves | 132 | €210,500 | €315,750 | +€105,250 | +50.0% |
| Profit (loss) carried forward | 14 | €462,584 | - | -€462,584 | |
| Amounts payable | 17/49 | €79,741 | €718,141 | +€638,400 | +801% |
| Amounts payable within one year | 42/48 | €79,741 | €718,141 | +€638,400 | +801% |
| Financial debts | 43 | - | €225 | +€225 | |
| Credit institutions | 430/8 | - | €225 | +€225 | |
| Trade debts | 44 | €6,557 | €4,844 | -€1,713 | -26.1% |
| Suppliers | 440/4 | €6,557 | €4,844 | -€1,713 | -26.1% |
| Taxes, remuneration and social security | 45 | €19,280 | €43,567 | +€24,286 | +126% |
| Taxes | 450/3 | €19,280 | €43,567 | +€24,286 | +126% |
| Other amounts payable | 47/48 | €53,904 | €669,505 | +€615,602 | +1,142% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,900 | €10,764 | +€864 | +8.7% |
| Other operating charges | 640/8 | €46 | €446 | +€400 | +869% |
| Gross operating margin | 9900 | €382,948 | €366,533 | -€16,415 | -4.3% |
| Operating profit (loss) | 9901 | €373,002 | €355,323 | -€17,679 | -4.7% |
| Financial income | 75/76B | €9,125 | €6,909 | -€2,216 | -24.3% |
| Recurring financial income | 75 | €9,125 | €6,909 | -€2,216 | -24.3% |
| Financial charges | 65/66B | €1,053 | €5,155 | +€4,103 | +390% |
| Recurring financial charges | 65 | €1,053 | €5,155 | +€4,103 | +390% |
| Profit (loss) for the period before taxes | 9903 | €381,074 | €357,077 | -€23,997 | -6.3% |
| Income taxes | 67/77 | €92,612 | €116,790 | +€24,178 | +26.1% |
| Profit (loss) for the period | 9904 | €288,462 | €240,287 | -€48,175 | -16.7% |
| Transfer to tax-exempt reserves | 689 | €105,250 | €105,250 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €183,212 | €135,037 | -€48,175 | -26.3% |
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 27 October 2026 via checked.be.