AMINCEM: 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.
AMINCEM
Largest movements
- Receivables within one year +€61,068
up €61,068 (+61.7%), from €98,999 to €160,067
of which Trade receivables: +€71,096
- Tangible fixed assets -€14,031
down €14,031 (-4.4%), from €315,309 to €301,278
of which Land and buildings: -€11,646
- Stocks and contracts -€8,500
down €8,500 (-89.5%), from €9,500 to €1,000
- Short-term financial debts +€66,170
up €66,170 (+203.3%), from €32,550 to €98,720
- Other debts -€48,212
down €48,212 (-20.9%), from €230,344 to €182,132
- Trade debts +€40,844
up €40,844 (+230.7%), from €17,704 to €58,549
- Debts after one year -€16,133
down €16,133 (-9.4%), from €170,746 to €154,612
- Accrued charges and deferred income -€13,149
down €13,149 (-91.9%), from €14,305 to €1,157
- Gross operating margin -€24,778
down €24,778 (-37.5%), from €66,067 to €41,289
- Financial charges -€7,224
down €7,224 (-32.2%), from €22,415 to €15,191
- Staff costs -€7,045
no longer reported in 2025 (was €7,045)
- Financial income +€6,110
up €6,110 (+1018303.3%), from €1 to €6,110
- Other operating charges -€4,780
down €4,780 (-33.1%), from €14,455 to €9,675
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 | €513,000 | €553,008 | +€40,008 | +7.8% |
| Fixed assets | 21/28 | €363,324 | €349,293 | -€14,031 | -3.9% |
| Tangible fixed assets | 22/27 | €315,309 | €301,278 | -€14,031 | -4.4% |
| Land and buildings | 22 | €308,516 | €296,870 | -€11,646 | -3.8% |
| Plant, machinery and equipment | 23 | €4,461 | €3,658 | -€803 | -18.0% |
| Furniture and vehicles | 24 | €2,332 | €750 | -€1,582 | -67.8% |
| Financial fixed assets | 28 | €48,015 | €48,015 | = | 0.0% |
| Current assets | 29/58 | €149,677 | €203,715 | +€54,038 | +36.1% |
| Stocks and contracts in progress | 3 | €9,500 | €1,000 | -€8,500 | -89.5% |
| Stocks | 30/36 | €9,500 | €1,000 | -€8,500 | -89.5% |
| Amounts receivable within one year | 40/41 | €98,999 | €160,067 | +€61,068 | +61.7% |
| Trade receivables | 40 | €88,504 | €159,600 | +€71,096 | +80.3% |
| Other amounts receivable | 41 | €10,496 | €467 | -€10,028 | -95.5% |
| Current investments | 50/53 | €33,194 | €33,214 | +€19 | +0.1% |
| Cash at bank and in hand | 54/58 | €969 | €3,438 | +€2,469 | +254.7% |
| Deferred charges and accrued income | 490/1 | €7,014 | €5,995 | -€1,018 | -14.5% |
| Total equity and liabilities | 10/49 | €513,000 | €553,008 | +€40,008 | +7.8% |
| Equity | 10/15 | €25,726 | €34,230 | +€8,503 | +33.1% |
| Contributions | 10/11 | €246,974 | €246,974 | = | 0.0% |
| Capital | 10 | €246,974 | €246,974 | = | 0.0% |
| Issued capital | 100 | €246,974 | €246,974 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€221,248 | -€212,744 | +€8,503 | +3.8% |
| Amounts payable | 17/49 | €487,274 | €518,778 | +€31,504 | +6.5% |
| Amounts payable after more than one year | 17 | €170,746 | €154,612 | -€16,133 | -9.4% |
| Financial debts | 170/4 | €170,746 | €154,612 | -€16,133 | -9.4% |
| Amounts payable within one year | 42/48 | €302,223 | €363,010 | +€60,787 | +20.1% |
| Current portion of amounts payable after more than one year | 42 | €15,871 | €16,133 | +€263 | +1.7% |
| Financial debts | 43 | €32,550 | €98,720 | +€66,170 | +203.3% |
| Credit institutions | 430/8 | €32,550 | €98,720 | +€66,170 | +203.3% |
| Trade debts | 44 | €17,704 | €58,549 | +€40,844 | +230.7% |
| Suppliers | 440/4 | €17,704 | €58,549 | +€40,844 | +230.7% |
| Taxes, remuneration and social security | 45 | €5,753 | €7,475 | +€1,722 | +29.9% |
| Taxes | 450/3 | €2,719 | €4,613 | +€1,894 | +69.6% |
| Remuneration and social security | 454/9 | €3,034 | €2,862 | -€172 | -5.7% |
| Other amounts payable | 47/48 | €230,344 | €182,132 | -€48,212 | -20.9% |
| Accrued charges and deferred income | 492/3 | €14,305 | €1,157 | -€13,149 | -91.9% |
| Remuneration, social security and pensions | 62 | €7,045 | - | -€7,045 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,684 | €14,031 | -€3,653 | -20.7% |
| Other operating charges | 640/8 | €14,455 | €9,675 | -€4,780 | -33.1% |
| Gross operating margin | 9900 | €66,067 | €41,289 | -€24,778 | -37.5% |
| Operating profit (loss) | 9901 | €26,883 | €17,584 | -€9,299 | -34.6% |
| Financial income | 75/76B | €1 | €6,110 | +€6,110 | +1018303.3% |
| Recurring financial income | 75 | €1 | €6,110 | +€6,110 | +1018303.3% |
| Financial charges | 65/66B | €22,415 | €15,191 | -€7,224 | -32.2% |
| Recurring financial charges | 65 | €22,415 | €15,191 | -€7,224 | -32.2% |
| Profit (loss) for the period before taxes | 9903 | €4,469 | €8,503 | +€4,035 | +90.3% |
| Income taxes | 67/77 | €1,700 | - | -€1,700 | |
| Profit (loss) for the period | 9904 | €2,769 | €8,503 | +€5,735 | +207.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,769 | €8,503 | +€5,735 | +207.1% |
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.