Ampersand: 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.
Ampersand
Largest movements
- Tangible fixed assets -€5,184
down €5,184 (-17.9%), from €28,994 to €23,810
of which Other tangible fixed assets: -€3,650
- Cash -€1,570
down €1,570 (-5.8%), from €27,155 to €25,585
mainly Tax, wage and social debts (-€11,481) and Debts after one year (-€8,572)
- Stocks and contracts -€1,395
down €1,395 (-22.2%), from €6,288 to €4,893
- Receivables within one year -€1,075
down €1,075 (-34.9%), from €3,082 to €2,007
- Tax, wage and social debts -€11,481
down €11,481 (-87.4%), from €13,139 to €1,658
of which Remuneration and social security: -€11,200
- Debts after one year -€8,572
down €8,572 (-39.1%), from €21,916 to €13,343
- Reserves +€4,879
up €4,879 (+43.7%), from €11,161 to €16,040
- Other debts +€3,274
up €3,274 (+1,140%), from €287 to €3,561
- Trade debts +€2,420
up €2,420 (+109%), from €2,222 to €4,641
- Gross operating margin -€4,512
down €4,512 (-25.1%), from €17,947 to €13,435
- Financial income -€1,154
down €1,154 (-99.9%), from €1,155 to €1
- Taxes -€960
down €960 (-37.3%), from €2,575 to €1,614
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 | €70,787 | €61,556 | -€9,231 | -13.0% |
| Fixed assets | 21/28 | €33,584 | €28,400 | -€5,184 | -15.4% |
| Tangible fixed assets | 22/27 | €28,994 | €23,810 | -€5,184 | -17.9% |
| Plant, machinery and equipment | 23 | €1,864 | €932 | -€932 | -50.0% |
| Furniture and vehicles | 24 | €1,495 | €893 | -€602 | -40.3% |
| Other tangible fixed assets | 26 | €25,635 | €21,985 | -€3,650 | -14.2% |
| Financial fixed assets | 28 | €4,590 | €4,590 | = | 0.0% |
| Current assets | 29/58 | €37,203 | €33,156 | -€4,047 | -10.9% |
| Stocks and contracts in progress | 3 | €6,288 | €4,893 | -€1,395 | -22.2% |
| Stocks | 30/36 | €6,288 | €4,893 | -€1,395 | -22.2% |
| Amounts receivable within one year | 40/41 | €3,082 | €2,007 | -€1,075 | -34.9% |
| Trade receivables | 40 | €3,082 | €2,007 | -€1,075 | -34.9% |
| Cash at bank and in hand | 54/58 | €27,155 | €25,585 | -€1,570 | -5.8% |
| Deferred charges and accrued income | 490/1 | €679 | €671 | -€7 | -1.1% |
| Total equity and liabilities | 10/49 | €70,787 | €61,556 | -€9,231 | -13.0% |
| Equity | 10/15 | €21,661 | €26,540 | +€4,879 | +22.5% |
| Contributions | 10/11 | €10,500 | €10,500 | = | 0.0% |
| Reserves | 13 | €11,161 | €16,040 | +€4,879 | +43.7% |
| Distributable reserves | 133 | €11,161 | €16,040 | +€4,879 | +43.7% |
| Amounts payable | 17/49 | €49,127 | €35,016 | -€14,110 | -28.7% |
| Amounts payable after more than one year | 17 | €21,916 | €13,343 | -€8,572 | -39.1% |
| Financial debts | 170/4 | €21,916 | €13,343 | -€8,572 | -39.1% |
| Amounts payable within one year | 42/48 | €27,211 | €21,673 | -€5,538 | -20.4% |
| Current portion of amounts payable after more than one year | 42 | €11,563 | €11,813 | +€250 | +2.2% |
| Trade debts | 44 | €2,222 | €4,641 | +€2,420 | +109% |
| Suppliers | 440/4 | €2,222 | €4,641 | +€2,420 | +109% |
| Taxes, remuneration and social security | 45 | €13,139 | €1,658 | -€11,481 | -87.4% |
| Taxes | 450/3 | €1,939 | €1,658 | -€281 | -14.5% |
| Remuneration and social security | 454/9 | €11,200 | - | -€11,200 | |
| Other amounts payable | 47/48 | €287 | €3,561 | +€3,274 | +1,140% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,155 | €5,184 | +€29 | +0.6% |
| Other operating charges | 640/8 | €551 | €520 | -€32 | -5.7% |
| Gross operating margin | 9900 | €17,947 | €13,435 | -€4,512 | -25.1% |
| Operating profit (loss) | 9901 | €12,241 | €7,731 | -€4,510 | -36.8% |
| Financial income | 75/76B | €1,155 | €1 | -€1,154 | -99.9% |
| Recurring financial income | 75 | €1,155 | €1 | -€1,154 | -99.9% |
| Financial charges | 65/66B | €1,238 | €1,239 | +€1 | 0.0% |
| Recurring financial charges | 65 | €1,238 | €1,239 | +€1 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €12,158 | €6,494 | -€5,665 | -46.6% |
| Income taxes | 67/77 | €2,575 | €1,614 | -€960 | -37.3% |
| Profit (loss) for the period | 9904 | €9,584 | €4,879 | -€4,704 | -49.1% |
| Profit (loss) for the period to be appropriated | 9905 | €9,584 | €4,879 | -€4,704 | -49.1% |
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 22 October 2026 via checked.be.