AMMARAGGIO: what changed
Two fiscal 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.
AMMARAGGIO
Largest movements
- Tangible fixed assets +€68,620
up €68,620 (+44.2%), from €155,126 to €223,746
of which Furniture and vehicles: +€57,658
- Cash -€29,344
down €29,344 (-67.5%), from €43,478 to €14,134
mainly Investment in fixed assets (net) (-€88,023) and Tax, wage and social debts (-€8,874)
- Receivables within one year -€12,273
down €12,273 (-99.0%), from €12,394 to €121
of which Trade receivables: -€11,394
- Other debts +€32,354
up €32,354 (+31.5%), from €102,723 to €135,077
- Profit (loss) carried forward +€12,140
up €12,140 (+22.6%), from €53,715 to €65,855
- Tax, wage and social debts -€8,874
down €8,874 (-39.8%), from €22,300 to €13,427
of which Taxes: -€8,568
- Trade debts -€7,327
down €7,327 (-24.8%), from €29,605 to €22,278
- Gross operating margin +€22,829
up €22,829 (+80.3%), from €28,418 to €51,248
- Depreciation +€11,910
up €11,910 (+159.0%), from €7,492 to €19,403
- Other operating charges +€4,678
up €4,678 (+93.8%), from €4,988 to €9,666
- Taxes +€3,825
up €3,825 (+70.3%), from €5,442 to €9,267
- Financial charges -€2,155
down €2,155 (-73.6%), from €2,930 to €774
of which Non-recurring financial charges: -€1,577
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 | €245,748 | €274,042 | +€28,294 | +11.5% |
| Fixed assets | 21/28 | €155,126 | €223,746 | +€68,620 | +44.2% |
| Tangible fixed assets | 22/27 | €155,126 | €223,746 | +€68,620 | +44.2% |
| Land and buildings | 22 | €152,952 | €163,914 | +€10,962 | +7.2% |
| Furniture and vehicles | 24 | €2,174 | €59,832 | +€57,658 | +2652.3% |
| Current assets | 29/58 | €90,622 | €50,296 | -€40,326 | -44.5% |
| Stocks and contracts in progress | 3 | €34,750 | €34,750 | = | 0.0% |
| Stocks | 30/36 | €34,750 | €34,750 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €12,394 | €121 | -€12,273 | -99.0% |
| Trade receivables | 40 | €11,394 | €0 | -€11,394 | -100.0% |
| Other amounts receivable | 41 | €1,000 | €121 | -€879 | -87.9% |
| Cash at bank and in hand | 54/58 | €43,478 | €14,134 | -€29,344 | -67.5% |
| Deferred charges and accrued income | 490/1 | €0 | €1,291 | +€1,291 | |
| Total equity and liabilities | 10/49 | €245,748 | €274,042 | +€28,294 | +11.5% |
| Equity | 10/15 | €74,120 | €86,260 | +€12,140 | +16.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,715 | €65,855 | +€12,140 | +22.6% |
| Amounts payable | 17/49 | €171,628 | €187,782 | +€16,153 | +9.4% |
| Amounts payable after more than one year | 17 | €17,000 | €17,000 | = | 0.0% |
| Financial debts | 170/4 | €17,000 | €17,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €154,628 | €170,782 | +€16,153 | +10.4% |
| Trade debts | 44 | €29,605 | €22,278 | -€7,327 | -24.8% |
| Suppliers | 440/4 | €29,605 | €22,278 | -€7,327 | -24.8% |
| Taxes, remuneration and social security | 45 | €22,300 | €13,427 | -€8,874 | -39.8% |
| Taxes | 450/3 | €21,646 | €13,078 | -€8,568 | -39.6% |
| Remuneration and social security | 454/9 | €654 | €349 | -€305 | -46.7% |
| Other amounts payable | 47/48 | €102,723 | €135,077 | +€32,354 | +31.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,492 | €19,403 | +€11,910 | +159.0% |
| Other operating charges | 640/8 | €4,988 | €9,666 | +€4,678 | +93.8% |
| Gross operating margin | 9900 | €28,418 | €51,248 | +€22,829 | +80.3% |
| Operating profit (loss) | 9901 | €15,938 | €22,179 | +€6,241 | +39.2% |
| Financial income | 75/76B | €0 | €3 | +€3 | |
| Recurring financial income | 75 | €0 | €3 | +€3 | |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €2,930 | €774 | -€2,155 | -73.6% |
| Recurring financial charges | 65 | €1,353 | €774 | -€579 | -42.8% |
| Non-recurring financial charges | 66B | €1,577 | €0 | -€1,577 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €13,008 | €21,408 | +€8,399 | +64.6% |
| Income taxes | 67/77 | €5,442 | €9,267 | +€3,825 | +70.3% |
| Profit (loss) for the period | 9904 | €7,566 | €12,140 | +€4,574 | +60.5% |
| Profit (loss) for the period to be appropriated | 9905 | €7,566 | €12,140 | +€4,574 | +60.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.