AMMICO: 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.
AMMICO
Largest movements
- Receivables within one year -€148,548
down €148,548 (-30.3%), from €489,855 to €341,307
of which Other amounts receivable: -€113,630
- Cash +€90,246
up €90,246 (+4847.5%), from €1,862 to €92,108
mainly Receivables within one year (+€148,548) and Investment in fixed assets (net) (+€85,700)
- Financial fixed assets -€85,700
down €85,700 (-2.6%), from €3.3m to €3.2m
- Profit (loss) carried forward -€112,055
down €112,055 (-28.2%), from -€396,793 to -€508,848
- Debts after one year -€49,064
down €49,064 (-1.2%), from €3.9m to €3.9m
of which Financial debts: -€80,709
- Other operating charges -€365,241
down €365,241 (-99.7%), from €366,281 to €1,040
- Gross operating margin -€189,496
down €189,496, from €185,076 to -€4,420
- Financial charges -€64,726
down €64,726 (-40.2%), from €161,021 to €96,295
- Depreciation +€27,072
new in 2025: €27,072
- Financial income -€9,412
down €9,412 (-35.9%), from €26,186 to €16,774
of which Financial income: -€9,412
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 | €3,885,303 | €3,714,818 | -€170,485 | -4.4% |
| Formation expenses | 20 | €77,832 | €50,760 | -€27,072 | -34.8% |
| Fixed assets | 21/28 | €3,315,559 | €3,229,859 | -€85,700 | -2.6% |
| Financial fixed assets | 28 | €3,315,559 | €3,229,859 | -€85,700 | -2.6% |
| Current assets | 29/58 | €491,912 | €434,199 | -€57,713 | -11.7% |
| Amounts receivable within one year | 40/41 | €489,855 | €341,307 | -€148,548 | -30.3% |
| Trade receivables | 40 | €34,918 | - | -€34,918 | |
| Other amounts receivable | 41 | €454,937 | €341,307 | -€113,630 | -25.0% |
| Cash at bank and in hand | 54/58 | €1,862 | €92,108 | +€90,246 | +4847.5% |
| Deferred charges and accrued income | 490/1 | €195 | €784 | +€589 | +302.7% |
| Total equity and liabilities | 10/49 | €3,885,303 | €3,714,818 | -€170,485 | -4.4% |
| Equity | 10/15 | -€190,593 | -€302,648 | -€112,055 | -58.8% |
| Contributions | 10/11 | €206,200 | €206,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€396,793 | -€508,848 | -€112,055 | -28.2% |
| Amounts payable | 17/49 | €4,075,896 | €4,017,466 | -€58,430 | -1.4% |
| Amounts payable after more than one year | 17 | €3,937,243 | €3,888,178 | -€49,064 | -1.2% |
| Financial debts | 170/4 | €942,598 | €861,889 | -€80,709 | -8.6% |
| Other amounts payable | 178/9 | €2,994,645 | €3,026,289 | +€31,645 | +1.1% |
| Amounts payable within one year | 42/48 | €115,588 | €108,254 | -€7,334 | -6.3% |
| Current portion of amounts payable after more than one year | 42 | €80,356 | €80,709 | +€353 | +0.4% |
| Trade debts | 44 | €7,612 | €355 | -€7,257 | -95.3% |
| Suppliers | 440/4 | €7,612 | €355 | -€7,257 | -95.3% |
| Taxes, remuneration and social security | 45 | €27,620 | €26,749 | -€871 | -3.2% |
| Taxes | 450/3 | €27,620 | €26,749 | -€871 | -3.2% |
| Other amounts payable | 47/48 | - | €441 | +€441 | |
| Accrued charges and deferred income | 492/3 | €23,065 | €21,033 | -€2,032 | -8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €27,072 | +€27,072 | |
| Other operating charges | 640/8 | €366,281 | €1,040 | -€365,241 | -99.7% |
| Gross operating margin | 9900 | €185,076 | -€4,420 | -€189,496 | |
| Operating profit (loss) | 9901 | -€181,205 | -€32,533 | +€148,673 | +82.0% |
| Financial income | 75/76B | €26,186 | €16,774 | -€9,412 | -35.9% |
| Recurring financial income | 75 | €26,186 | €16,774 | -€9,412 | -35.9% |
| Non-recurring financial income | 76B | - | €16,774 | +€16,774 | |
| Financial charges | 65/66B | €161,021 | €96,295 | -€64,726 | -40.2% |
| Recurring financial charges | 65 | €161,021 | €96,295 | -€64,726 | -40.2% |
| Profit (loss) for the period before taxes | 9903 | -€316,041 | -€112,055 | +€203,986 | +64.5% |
| Profit (loss) for the period | 9904 | -€316,041 | -€112,055 | +€203,986 | +64.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€316,041 | -€112,055 | +€203,986 | +64.5% |
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 5 October 2026 via checked.be.