Ampe & Govaerts: 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.
Ampe & Govaerts
Largest movements
- Deferred charges and accrued income +€23,150
new in 2025: €23,150
- Receivables within one year +€17,576
up €17,576 (+44.6%), from €39,417 to €56,993
of which Trade receivables: +€14,435
- Cash -€11,499
down €11,499 (-22.3%), from €51,637 to €40,138
mainly Contributions, distributions and other (-€88,400) and Deferred charges and accrued income (-€23,150)
- Intangible fixed assets -€11,076
down €11,076 (-22.5%), from €49,259 to €38,183
- Trade debts +€22,612
up €22,612 (+577.9%), from €3,913 to €26,524
- Tax, wage and social debts -€4,605
no longer reported in 2025 (was €4,605)
- Gross operating margin +€29,730
up €29,730 (+41.7%), from €71,341 to €101,071
- Depreciation -€4,181
down €4,181 (-27.4%), from €15,257 to €11,076
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 | €140,313 | €158,464 | +€18,151 | +12.9% |
| Fixed assets | 21/28 | €49,259 | €38,183 | -€11,076 | -22.5% |
| Intangible fixed assets | 21 | €49,259 | €38,183 | -€11,076 | -22.5% |
| Current assets | 29/58 | €91,054 | €120,281 | +€29,227 | +32.1% |
| Amounts receivable within one year | 40/41 | €39,417 | €56,993 | +€17,576 | +44.6% |
| Trade receivables | 40 | €39,417 | €53,852 | +€14,435 | +36.6% |
| Other amounts receivable | 41 | - | €3,141 | +€3,141 | |
| Cash at bank and in hand | 54/58 | €51,637 | €40,138 | -€11,499 | -22.3% |
| Deferred charges and accrued income | 490/1 | - | €23,150 | +€23,150 | |
| Total equity and liabilities | 10/49 | €140,313 | €158,464 | +€18,151 | +12.9% |
| Equity | 10/15 | €41,582 | €43,012 | +€1,430 | +3.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €22,982 | €24,412 | +€1,430 | +6.2% |
| Non-distributable reserves | 130/1 | €620 | €620 | = | 0.0% |
| Reserves not available under the articles | 1311 | €620 | €620 | = | 0.0% |
| Distributable reserves | 133 | €22,362 | €23,792 | +€1,430 | +6.4% |
| Amounts payable | 17/49 | €98,731 | €115,452 | +€16,721 | +16.9% |
| Amounts payable within one year | 42/48 | €98,218 | €114,924 | +€16,707 | +17.0% |
| Trade debts | 44 | €3,913 | €26,524 | +€22,612 | +577.9% |
| Suppliers | 440/4 | €3,913 | €26,524 | +€22,612 | +577.9% |
| Taxes, remuneration and social security | 45 | €4,605 | - | -€4,605 | |
| Taxes | 450/3 | €4,605 | - | -€4,605 | |
| Other amounts payable | 47/48 | €89,700 | €88,400 | -€1,300 | -1.4% |
| Accrued charges and deferred income | 492/3 | €513 | €528 | +€14 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,257 | €11,076 | -€4,181 | -27.4% |
| Other operating charges | 640/8 | €579 | €633 | +€54 | +9.4% |
| Gross operating margin | 9900 | €71,341 | €101,071 | +€29,730 | +41.7% |
| Operating profit (loss) | 9901 | €55,505 | €89,362 | +€33,857 | +61.0% |
| Financial income | 75/76B | €554 | €875 | +€320 | +57.8% |
| Recurring financial income | 75 | €554 | €875 | +€320 | +57.8% |
| Financial charges | 65/66B | €266 | €263 | -€2 | -0.9% |
| Recurring financial charges | 65 | €266 | €263 | -€2 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | €55,794 | €89,974 | +€34,180 | +61.3% |
| Income taxes | 67/77 | €91 | €144 | +€53 | +58.8% |
| Profit (loss) for the period | 9904 | €55,703 | €89,830 | +€34,127 | +61.3% |
| Profit (loss) for the period to be appropriated | 9905 | €55,703 | €89,830 | +€34,127 | +61.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.