AMNC: 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.
AMNC
Largest movements
- Cash +€1.2m
up €1.2m (+291.8%), from €424,494 to €1.7m
mainly Net result for the year (+€785,087) and Current investments (+€700,000)
- Current investments -€700,000
down €700,000 (-70.0%), from €1.0m to €300,000
- Tangible fixed assets +€66,530
up €66,530 (+155.6%), from €42,748 to €109,278
of which Furniture and vehicles: +€67,663
- Financial fixed assets +€33,750
up €33,750 (+6.0%), from €566,539 to €600,289
- Reserves +€598,724
up €598,724 (+30.8%), from €1.9m to €2.5m
of which Distributable reserves: +€2.5m
- Financial income +€160,384
up €160,384 (+26.7%), from €600,001 to €760,385
- Taxes +€24,966
up €24,966 (+26.2%), from €95,429 to €120,395
- Depreciation -€2,157
down €2,157 (-20.3%), from €10,623 to €8,465
- Gross operating margin +€1,609
up €1,609 (+1.0%), from €153,786 to €155,395
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 | €2,080,460 | €2,709,344 | +€628,884 | +30.2% |
| Fixed assets | 21/28 | €609,287 | €709,567 | +€100,280 | +16.5% |
| Tangible fixed assets | 22/27 | €42,748 | €109,278 | +€66,530 | +155.6% |
| Land and buildings | 22 | €11,804 | €10,528 | -€1,275 | -10.8% |
| Plant, machinery and equipment | 23 | €7,914 | €8,057 | +€143 | +1.8% |
| Furniture and vehicles | 24 | €21,751 | €89,413 | +€67,663 | +311.1% |
| Other tangible fixed assets | 26 | €1,280 | €1,280 | = | 0.0% |
| Financial fixed assets | 28 | €566,539 | €600,289 | +€33,750 | +6.0% |
| Current assets | 29/58 | €1,471,173 | €1,999,777 | +€528,604 | +35.9% |
| Amounts receivable within one year | 40/41 | €46,679 | €36,469 | -€10,210 | -21.9% |
| Trade receivables | 40 | €35,194 | €36,469 | +€1,275 | +3.6% |
| Other amounts receivable | 41 | €11,485 | €0 | -€11,485 | -100.0% |
| Current investments | 50/53 | €1,000,000 | €300,000 | -€700,000 | -70.0% |
| Cash at bank and in hand | 54/58 | €424,494 | €1,663,309 | +€1.2m | +291.8% |
| Total equity and liabilities | 10/49 | €2,080,460 | €2,709,344 | +€628,884 | +30.2% |
| Equity | 10/15 | €1,986,786 | €2,585,510 | +€598,724 | +30.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,946,367 | €2,545,091 | +€598,724 | +30.8% |
| Non-distributable reserves | 130/1 | €1,938,123 | €1,860 | -€1.9m | -99.9% |
| Reserves not available under the articles | 1311 | €1,938,123 | €1,860 | -€1.9m | -99.9% |
| Distributable reserves | 133 | €8,245 | €2,543,231 | +€2.5m | +30746.8% |
| Profit (loss) carried forward | 14 | €34,219 | €34,219 | = | 0.0% |
| Amounts payable | 17/49 | €93,674 | €123,835 | +€30,161 | +32.2% |
| Amounts payable within one year | 42/48 | €93,674 | €123,835 | +€30,161 | +32.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €1,449 | €1,164 | -€285 | -19.7% |
| Suppliers | 440/4 | €1,449 | €1,164 | -€285 | -19.7% |
| Taxes, remuneration and social security | 45 | €86,876 | €111,072 | +€24,196 | +27.9% |
| Taxes | 450/3 | €72,642 | €100,085 | +€27,443 | +37.8% |
| Remuneration and social security | 454/9 | €14,234 | €10,987 | -€3,246 | -22.8% |
| Other amounts payable | 47/48 | €5,349 | €11,599 | +€6,250 | +116.8% |
| Remuneration, social security and pensions | 62 | €660 | €747 | +€87 | +13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,623 | €8,465 | -€2,157 | -20.3% |
| Other operating charges | 640/8 | €349 | €680 | +€332 | +95.1% |
| Gross operating margin | 9900 | €153,786 | €155,395 | +€1,609 | +1.0% |
| Operating profit (loss) | 9901 | €142,155 | €145,502 | +€3,347 | +2.4% |
| Financial income | 75/76B | €600,001 | €760,385 | +€160,384 | +26.7% |
| Recurring financial income | 75 | €600,001 | €760,385 | +€160,384 | +26.7% |
| Financial charges | 65/66B | €977 | €405 | -€572 | -58.6% |
| Recurring financial charges | 65 | €977 | €405 | -€572 | -58.6% |
| Profit (loss) for the period before taxes | 9903 | €741,179 | €905,482 | +€164,303 | +22.2% |
| Income taxes | 67/77 | €95,429 | €120,395 | +€24,966 | +26.2% |
| Profit (loss) for the period | 9904 | €645,750 | €785,087 | +€139,337 | +21.6% |
| Profit (loss) for the period to be appropriated | 9905 | €645,750 | €785,087 | +€139,337 | +21.6% |
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 9 October 2026 via checked.be.