AMOREX: 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.
AMOREX
Largest movements
- Cash -€58,538
down €58,538 (-72.0%), from €81,314 to €22,776
mainly Other debts (-€102,070) and Investment in fixed assets (net) (-€81,311)
- Tangible fixed assets +€34,592
up €34,592 (+8.9%), from €387,485 to €422,077
of which Furniture and vehicles: +€53,877
- Receivables within one year +€16,015
up €16,015 (+86.3%), from €18,552 to €34,566
of which Other amounts receivable: +€15,647
- Other debts -€102,070
down €102,070 (-35.8%), from €285,399 to €183,329
- Debts after one year +€50,675
up €50,675 (+22.8%), from €222,045 to €272,721
- Reserves +€22,030
up €22,030 (+14.8%), from €148,383 to €170,412
of which Distributable reserves: +€22,030
- Financial income -€67,010
no longer reported in 2025 (was €67,010)
- Depreciation +€8,489
up €8,489 (+22.2%), from €38,230 to €46,719
- Financial charges +€3,039
up €3,039 (+12.5%), from €24,372 to €27,411
- Taxes -€1,629
down €1,629 (-15.3%), from €10,666 to €9,036
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 | €1,299,807 | €1,291,766 | -€8,041 | -0.6% |
| Fixed assets | 21/28 | €1,197,738 | €1,232,330 | +€34,592 | +2.9% |
| Tangible fixed assets | 22/27 | €387,485 | €422,077 | +€34,592 | +8.9% |
| Land and buildings | 22 | €387,246 | €365,281 | -€21,965 | -5.7% |
| Plant, machinery and equipment | 23 | €240 | €2,920 | +€2,680 | +1,119% |
| Furniture and vehicles | 24 | - | €53,877 | +€53,877 | |
| Financial fixed assets | 28 | €810,253 | €810,253 | = | 0.0% |
| Current assets | 29/58 | €102,069 | €59,436 | -€42,633 | -41.8% |
| Amounts receivable within one year | 40/41 | €18,552 | €34,566 | +€16,015 | +86.3% |
| Trade receivables | 40 | €8,335 | €8,703 | +€368 | +4.4% |
| Other amounts receivable | 41 | €10,217 | €25,863 | +€15,647 | +153% |
| Cash at bank and in hand | 54/58 | €81,314 | €22,776 | -€58,538 | -72.0% |
| Deferred charges and accrued income | 490/1 | €2,204 | €2,093 | -€110 | -5.0% |
| Total equity and liabilities | 10/49 | €1,299,807 | €1,291,766 | -€8,041 | -0.6% |
| Equity | 10/15 | €735,833 | €757,862 | +€22,030 | +3.0% |
| Contributions | 10/11 | €587,450 | €587,450 | = | 0.0% |
| Reserves | 13 | €148,383 | €170,412 | +€22,030 | +14.8% |
| Non-distributable reserves | 130/1 | €2,672 | €2,672 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,672 | €2,672 | = | 0.0% |
| Distributable reserves | 133 | €145,711 | €167,741 | +€22,030 | +15.1% |
| Amounts payable | 17/49 | €563,974 | €533,904 | -€30,070 | -5.3% |
| Amounts payable after more than one year | 17 | €222,045 | €272,721 | +€50,675 | +22.8% |
| Financial debts | 170/4 | €222,045 | €272,721 | +€50,675 | +22.8% |
| Amounts payable within one year | 42/48 | €341,353 | €260,060 | -€81,293 | -23.8% |
| Current portion of amounts payable after more than one year | 42 | €41,364 | €51,870 | +€10,505 | +25.4% |
| Trade debts | 44 | €1,440 | €13,393 | +€11,953 | +830% |
| Suppliers | 440/4 | €1,440 | €13,393 | +€11,953 | +830% |
| Taxes, remuneration and social security | 45 | €13,149 | €11,469 | -€1,681 | -12.8% |
| Taxes | 450/3 | €10,666 | €8,986 | -€1,679 | -15.7% |
| Remuneration and social security | 454/9 | €2,483 | €2,482 | -€1 | 0.0% |
| Other amounts payable | 47/48 | €285,399 | €183,329 | -€102,070 | -35.8% |
| Accrued charges and deferred income | 492/3 | €576 | €1,123 | +€547 | +94.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,230 | €46,719 | +€8,489 | +22.2% |
| Other operating charges | 640/8 | €4,091 | €4,028 | -€63 | -1.5% |
| Gross operating margin | 9900 | €110,180 | €109,225 | -€955 | -0.9% |
| Operating profit (loss) | 9901 | €67,859 | €58,477 | -€9,382 | -13.8% |
| Financial income | 75/76B | €67,010 | - | -€67,010 | |
| Recurring financial income | 75 | €67,010 | - | -€67,010 | |
| Financial charges | 65/66B | €24,372 | €27,411 | +€3,039 | +12.5% |
| Recurring financial charges | 65 | €24,372 | €27,411 | +€3,039 | +12.5% |
| Profit (loss) for the period before taxes | 9903 | €110,497 | €31,066 | -€79,431 | -71.9% |
| Income taxes | 67/77 | €10,666 | €9,036 | -€1,629 | -15.3% |
| Profit (loss) for the period | 9904 | €99,831 | €22,030 | -€77,801 | -77.9% |
| Profit (loss) for the period to be appropriated | 9905 | €99,831 | €22,030 | -€77,801 | -77.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.