AMIVET: 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.
AMIVET
Largest movements
- Tangible fixed assets +€173,734
up €173,734 (+31.0%), from €560,402 to €734,136
of which Plant, machinery and equipment: +€192,917
- Stocks and contracts -€40,254
down €40,254 (-23.1%), from €174,281 to €134,027
- Debts after one year +€391,344
up €391,344 (+544%), from €71,899 to €463,243
- Other debts -€209,948
down €209,948 (-49.6%), from €423,095 to €213,146
- Trade debts -€104,292
down €104,292 (-49.5%), from €210,646 to €106,354
- Current portion of long-term debt +€68,341
up €68,341 (+105%), from €65,263 to €133,604
- Tax, wage and social debts -€14,145
down €14,145 (-47.7%), from €29,656 to €15,511
of which Taxes: -€15,690
- Gross operating margin +€143,578
up €143,578 (+275%), from €52,291 to €195,868
- Other operating charges -€24,820
down €24,820 (-86.8%), from €28,602 to €3,782
- Financial charges +€15,887
up €15,887 (+118%), from €13,439 to €29,326
- Staff costs -€12,671
down €12,671 (-15.0%), from €84,226 to €71,554
- Depreciation +€9,978
up €9,978 (+13.1%), from €76,229 to €86,207
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 | €783,012 | €919,119 | +€136,107 | +17.4% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €562,412 | €734,396 | +€171,984 | +30.6% |
| Intangible fixed assets | 21 | €1,750 | €0 | -€1,750 | -100% |
| Tangible fixed assets | 22/27 | €560,402 | €734,136 | +€173,734 | +31.0% |
| Plant, machinery and equipment | 23 | €514,719 | €707,636 | +€192,917 | +37.5% |
| Furniture and vehicles | 24 | €13,330 | €8,597 | -€4,734 | -35.5% |
| Leasing and similar rights | 25 | €32,353 | €17,904 | -€14,449 | -44.7% |
| Other tangible fixed assets | 26 | - | €0 | = | |
| Financial fixed assets | 28 | €260 | €260 | = | 0.0% |
| Current assets | 29/58 | €220,600 | €184,723 | -€35,877 | -16.3% |
| Stocks and contracts in progress | 3 | €174,281 | €134,027 | -€40,254 | -23.1% |
| Stocks | 30/36 | €174,281 | €134,027 | -€40,254 | -23.1% |
| Amounts receivable within one year | 40/41 | €22,625 | €17,180 | -€5,445 | -24.1% |
| Trade receivables | 40 | €22,603 | €8,150 | -€14,453 | -63.9% |
| Other amounts receivable | 41 | €22 | €9,030 | +€9,008 | +41,360% |
| Cash at bank and in hand | 54/58 | €15,971 | €24,042 | +€8,071 | +50.5% |
| Deferred charges and accrued income | 490/1 | €7,723 | €9,474 | +€1,751 | +22.7% |
| Total equity and liabilities | 10/49 | €783,012 | €919,119 | +€136,107 | +17.4% |
| Equity | 10/15 | -€17,547 | -€12,739 | +€4,808 | +27.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,607 | -€20,799 | +€4,808 | +18.8% |
| Amounts payable | 17/49 | €800,559 | €931,859 | +€131,300 | +16.4% |
| Amounts payable after more than one year | 17 | €71,899 | €463,243 | +€391,344 | +544% |
| Financial debts | 170/4 | €71,899 | €463,243 | +€391,344 | +544% |
| Amounts payable within one year | 42/48 | €728,660 | €468,615 | -€260,045 | -35.7% |
| Current portion of amounts payable after more than one year | 42 | €65,263 | €133,604 | +€68,341 | +105% |
| Trade debts | 44 | €210,646 | €106,354 | -€104,292 | -49.5% |
| Suppliers | 440/4 | €210,646 | €106,354 | -€104,292 | -49.5% |
| Taxes, remuneration and social security | 45 | €29,656 | €15,511 | -€14,145 | -47.7% |
| Taxes | 450/3 | €18,112 | €2,422 | -€15,690 | -86.6% |
| Remuneration and social security | 454/9 | €11,545 | €13,089 | +€1,545 | +13.4% |
| Other amounts payable | 47/48 | €423,095 | €213,146 | -€209,948 | -49.6% |
| Remuneration, social security and pensions | 62 | €84,226 | €71,554 | -€12,671 | -15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,229 | €86,207 | +€9,978 | +13.1% |
| Other operating charges | 640/8 | €28,602 | €3,782 | -€24,820 | -86.8% |
| Gross operating margin | 9900 | €52,291 | €195,868 | +€143,578 | +275% |
| Operating profit (loss) | 9901 | -€136,766 | €34,325 | +€171,090 | |
| Financial income | 75/76B | €503 | €141 | -€362 | -72.0% |
| Recurring financial income | 75 | €503 | €141 | -€362 | -72.0% |
| Financial charges | 65/66B | €13,439 | €29,326 | +€15,887 | +118% |
| Recurring financial charges | 65 | €13,439 | €29,326 | +€15,887 | +118% |
| Profit (loss) for the period before taxes | 9903 | -€149,701 | €5,140 | +€154,841 | |
| Income taxes | 67/77 | €366 | €332 | -€34 | -9.4% |
| Profit (loss) for the period | 9904 | -€150,067 | €4,808 | +€154,875 | |
| Profit (loss) for the period to be appropriated | 9905 | -€150,067 | €4,808 | +€154,875 |
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.