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 -€6,964
down €6,964 (-2.7%), from €255,596 to €248,632
- Debts after one year -€18,691
down €18,691 (-33.6%), from €55,548 to €36,857
- Reserves +€14,949
up €14,949 (+36.0%), from €41,479 to €56,428
- Gross operating margin +€3,673
up €3,673 (+11.5%), from €31,906 to €35,579
- Taxes -€1,354
down €1,354 (-28.8%), from €4,708 to €3,353
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 | €260,158 | €256,260 | -€3,898 | -1.5% |
| Fixed assets | 21/28 | €255,596 | €248,632 | -€6,964 | -2.7% |
| Tangible fixed assets | 22/27 | €255,596 | €248,632 | -€6,964 | -2.7% |
| Land and buildings | 22 | €255,596 | €248,632 | -€6,964 | -2.7% |
| Current assets | 29/58 | €4,561 | €7,627 | +€3,066 | +67.2% |
| Amounts receivable within one year | 40/41 | €0 | €1,341 | +€1,341 | |
| Other amounts receivable | 41 | €0 | €1,341 | +€1,341 | |
| Cash at bank and in hand | 54/58 | €4,561 | €6,286 | +€1,725 | +37.8% |
| Total equity and liabilities | 10/49 | €260,158 | €256,260 | -€3,898 | -1.5% |
| Equity | 10/15 | €47,679 | €62,628 | +€14,949 | +31.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €41,479 | €56,428 | +€14,949 | +36.0% |
| Distributable reserves | 133 | €41,479 | €56,428 | +€14,949 | +36.0% |
| Amounts payable | 17/49 | €212,479 | €193,632 | -€18,847 | -8.9% |
| Amounts payable after more than one year | 17 | €55,548 | €36,857 | -€18,691 | -33.6% |
| Financial debts | 170/4 | €55,548 | €36,857 | -€18,691 | -33.6% |
| Amounts payable within one year | 42/48 | €153,906 | €153,678 | -€228 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €19,429 | €18,691 | -€739 | -3.8% |
| Trade debts | 44 | €783 | €990 | +€206 | +26.4% |
| Suppliers | 440/4 | €783 | €990 | +€206 | +26.4% |
| Taxes, remuneration and social security | 45 | €3,398 | €3,702 | +€304 | +8.9% |
| Taxes | 450/3 | €3,398 | €3,702 | +€304 | +8.9% |
| Other amounts payable | 47/48 | €130,295 | €130,295 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,025 | €3,097 | +€72 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,544 | €11,671 | +€127 | +1.1% |
| Other operating charges | 640/8 | €4,205 | €4,336 | +€132 | +3.1% |
| Gross operating margin | 9900 | €31,906 | €35,579 | +€3,673 | +11.5% |
| Operating profit (loss) | 9901 | €16,157 | €19,572 | +€3,415 | +21.1% |
| Financial charges | 65/66B | €1,598 | €1,269 | -€329 | -20.6% |
| Recurring financial charges | 65 | €1,598 | €1,269 | -€329 | -20.6% |
| Profit (loss) for the period before taxes | 9903 | €14,560 | €18,303 | +€3,743 | +25.7% |
| Income taxes | 67/77 | €4,708 | €3,353 | -€1,354 | -28.8% |
| Profit (loss) for the period | 9904 | €9,852 | €14,949 | +€5,097 | +51.7% |
| Profit (loss) for the period to be appropriated | 9905 | €9,852 | €14,949 | +€5,097 | +51.7% |
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 10 October 2026 via checked.be.