AMORALIS: 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.
AMORALIS
Largest movements
- Cash -€45,711
down €45,711 (-27.1%), from €168,907 to €123,196
mainly Debts after one year (-€47,221) and Tax, wage and social debts (-€41,253)
- Tangible fixed assets +€17,269
up €17,269 (+123%), from €14,070 to €31,339
of which Land and buildings: +€18,552
- Receivables within one year +€8,205
up €8,205 (+43.3%), from €18,953 to €27,158
of which Trade receivables: +€12,158
- Reserves +€65,361
up €65,361 (+32.4%), from €201,452 to €266,813
- Debts after one year -€47,221
down €47,221 (-29.9%), from €157,897 to €110,676
- Tax, wage and social debts -€41,253
down €41,253 (-38.3%), from €107,652 to €66,399
- Gross operating margin +€7,334
up €7,334 (+7.5%), from €98,369 to €105,703
- Depreciation +€2,765
up €2,765 (+112%), from €2,470 to €5,235
- Taxes +€1,135
up €1,135 (+3.8%), from €29,629 to €30,764
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 | €518,427 | €498,952 | -€19,475 | -3.8% |
| Fixed assets | 21/28 | €326,315 | €343,584 | +€17,269 | +5.3% |
| Tangible fixed assets | 22/27 | €14,070 | €31,339 | +€17,269 | +123% |
| Land and buildings | 22 | €6,221 | €24,773 | +€18,552 | +298% |
| Plant, machinery and equipment | 23 | €6,780 | €5,119 | -€1,661 | -24.5% |
| Furniture and vehicles | 24 | €1,069 | €1,447 | +€378 | +35.4% |
| Financial fixed assets | 28 | €312,245 | €312,245 | = | 0.0% |
| Current assets | 29/58 | €192,112 | €155,368 | -€36,744 | -19.1% |
| Stocks and contracts in progress | 3 | €1,689 | €1,689 | = | 0.0% |
| Stocks | 30/36 | €1,689 | €1,689 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €18,953 | €27,158 | +€8,205 | +43.3% |
| Trade receivables | 40 | €15,000 | €27,158 | +€12,158 | +81.1% |
| Other amounts receivable | 41 | €3,953 | - | -€3,953 | |
| Cash at bank and in hand | 54/58 | €168,907 | €123,196 | -€45,711 | -27.1% |
| Deferred charges and accrued income | 490/1 | €2,563 | €3,325 | +€762 | +29.7% |
| Total equity and liabilities | 10/49 | €518,427 | €498,952 | -€19,475 | -3.8% |
| Equity | 10/15 | €203,452 | €268,813 | +€65,361 | +32.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Capital | 10 | €2,000 | €2,000 | = | 0.0% |
| Issued capital | 100 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €201,452 | €266,813 | +€65,361 | +32.4% |
| Distributable reserves | 133 | €201,452 | €266,813 | +€65,361 | +32.4% |
| Amounts payable | 17/49 | €314,975 | €230,139 | -€84,836 | -26.9% |
| Amounts payable after more than one year | 17 | €157,897 | €110,676 | -€47,221 | -29.9% |
| Financial debts | 170/4 | €157,897 | €110,676 | -€47,221 | -29.9% |
| Amounts payable within one year | 42/48 | €157,078 | €119,463 | -€37,615 | -23.9% |
| Current portion of amounts payable after more than one year | 42 | €46,652 | €47,222 | +€570 | +1.2% |
| Trade debts | 44 | €1,796 | €5,764 | +€3,968 | +221% |
| Suppliers | 440/4 | €1,796 | €5,764 | +€3,968 | +221% |
| Taxes, remuneration and social security | 45 | €107,652 | €66,399 | -€41,253 | -38.3% |
| Taxes | 450/3 | €107,652 | €66,399 | -€41,253 | -38.3% |
| Other amounts payable | 47/48 | €978 | €78 | -€900 | -92.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,470 | €5,235 | +€2,765 | +112% |
| Other operating charges | 640/8 | €405 | €778 | +€373 | +92.1% |
| Gross operating margin | 9900 | €98,369 | €105,703 | +€7,334 | +7.5% |
| Operating profit (loss) | 9901 | €95,494 | €99,690 | +€4,196 | +4.4% |
| Financial charges | 65/66B | €3,363 | €3,565 | +€202 | +6.0% |
| Recurring financial charges | 65 | €3,363 | €3,565 | +€202 | +6.0% |
| Profit (loss) for the period before taxes | 9903 | €92,131 | €96,125 | +€3,994 | +4.3% |
| Income taxes | 67/77 | €29,629 | €30,764 | +€1,135 | +3.8% |
| Profit (loss) for the period | 9904 | €62,502 | €65,361 | +€2,859 | +4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €62,502 | €65,361 | +€2,859 | +4.6% |
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 29 October 2026 via checked.be.