AMRAK: 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.
AMRAK
Largest movements
- Cash -€38,087
down €38,087 (-33.8%), from €112,647 to €74,560
mainly Contributions, distributions and other (-€104,333) and Debts after one year (-€8,907)
- Tangible fixed assets -€14,762
down €14,762 (-20.7%), from €71,417 to €56,655
of which Furniture and vehicles: -€12,566
- Reserves -€49,365
down €49,365 (-46.2%), from €106,903 to €57,538
- Debts after one year -€8,907
down €8,907 (-29.5%), from €30,168 to €21,261
- Other debts +€7,109
up €7,109 (+10.8%), from €65,896 to €73,004
- Gross operating margin -€9,113
down €9,113 (-9.3%), from €97,946 to €88,833
- Depreciation +€2,558
up €2,558 (+18.8%), from €13,608 to €16,166
- Taxes -€2,192
down €2,192 (-12.7%), from €17,286 to €15,093
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €217,003 | €165,272 | -€51,731 | -23.8% |
| Fixed assets | 21/28 | €71,417 | €56,655 | -€14,762 | -20.7% |
| Tangible fixed assets | 22/27 | €71,417 | €56,655 | -€14,762 | -20.7% |
| Plant, machinery and equipment | 23 | €1,902 | €2,349 | +€447 | +23.5% |
| Furniture and vehicles | 24 | €51,026 | €38,460 | -€12,566 | -24.6% |
| Other tangible fixed assets | 26 | €18,489 | €15,845 | -€2,644 | -14.3% |
| Current assets | 29/58 | €145,587 | €108,617 | -€36,969 | -25.4% |
| Amounts receivable within one year | 40/41 | €28,683 | €30,693 | +€2,010 | +7.0% |
| Trade receivables | 40 | €24,902 | €21,780 | -€3,122 | -12.5% |
| Other amounts receivable | 41 | €3,781 | €8,913 | +€5,132 | +135.7% |
| Cash at bank and in hand | 54/58 | €112,647 | €74,560 | -€38,087 | -33.8% |
| Deferred charges and accrued income | 490/1 | €4,257 | €3,365 | -€892 | -21.0% |
| Total equity and liabilities | 10/49 | €217,003 | €165,272 | -€51,731 | -23.8% |
| Equity | 10/15 | €107,503 | €58,138 | -€49,365 | -45.9% |
| Contributions | 10/11 | €600 | €600 | = | 0.0% |
| Reserves | 13 | €106,903 | €57,538 | -€49,365 | -46.2% |
| Distributable reserves | 133 | €106,903 | €57,538 | -€49,365 | -46.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €109,500 | €107,134 | -€2,366 | -2.2% |
| Amounts payable after more than one year | 17 | €30,168 | €21,261 | -€8,907 | -29.5% |
| Financial debts | 170/4 | €30,168 | €21,261 | -€8,907 | -29.5% |
| Amounts payable within one year | 42/48 | €79,332 | €85,873 | +€6,541 | +8.2% |
| Current portion of amounts payable after more than one year | 42 | €8,590 | €8,907 | +€317 | +3.7% |
| Trade debts | 44 | €27 | €0 | -€27 | -100.0% |
| Suppliers | 440/4 | €27 | €0 | -€27 | -100.0% |
| Taxes, remuneration and social security | 45 | €4,819 | €3,962 | -€857 | -17.8% |
| Taxes | 450/3 | €4,819 | €3,962 | -€857 | -17.8% |
| Other amounts payable | 47/48 | €65,896 | €73,004 | +€7,109 | +10.8% |
| Non-recurring operating income | 76A | €7,000 | €0 | -€7,000 | -100.0% |
| Remuneration, social security and pensions | 62 | €250 | €250 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,608 | €16,166 | +€2,558 | +18.8% |
| Other operating charges | 640/8 | €666 | €598 | -€68 | -10.2% |
| Non-recurring operating charges | 66A | - | €1,248 | +€1,248 | |
| Gross operating margin | 9900 | €97,946 | €88,833 | -€9,113 | -9.3% |
| Operating profit (loss) | 9901 | €83,422 | €70,570 | -€12,851 | -15.4% |
| Financial income | 75/76B | €397 | €798 | +€401 | +101.2% |
| Recurring financial income | 75 | €397 | €798 | +€401 | +101.2% |
| Financial charges | 65/66B | €1,190 | €1,307 | +€116 | +9.8% |
| Recurring financial charges | 65 | €1,190 | €1,307 | +€116 | +9.8% |
| Profit (loss) for the period before taxes | 9903 | €82,628 | €70,062 | -€12,566 | -15.2% |
| Income taxes | 67/77 | €17,286 | €15,093 | -€2,192 | -12.7% |
| Profit (loss) for the period | 9904 | €65,342 | €54,968 | -€10,374 | -15.9% |
| Profit (loss) for the period to be appropriated | 9905 | €65,342 | €54,968 | -€10,374 | -15.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.