AMSEDENT: 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.
AMSEDENT
Largest movements
- Cash +€47,862
up €47,862 (+193.9%), from €24,680 to €72,542
mainly Net result for the year (+€52,047) and Depreciation (+€12,307)
- Receivables within one year +€12,398
up €12,398 (+140.5%), from €8,823 to €21,221
of which Other amounts receivable: +€8,203
- Tangible fixed assets -€10,908
down €10,908 (-22.4%), from €48,648 to €37,741
of which Leasing and similar rights: -€10,858
- Deferred charges and accrued income -€2,467
no longer reported in 2025 (was €2,467)
- Reserves +€52,047
up €52,047 (+245.2%), from €21,224 to €73,270
- Debts after one year -€20,027
down €20,027 (-41.7%), from €48,011 to €27,984
- Tax, wage and social debts +€10,866
up €10,866 (+198.1%), from €5,486 to €16,352
- Current portion of long-term debt +€10,243
new in 2025: €10,243
- Other debts -€5,954
no longer reported in 2025 (was €5,954)
- Gross operating margin +€44,258
up €44,258 (+121.9%), from €36,299 to €80,557
- Taxes +€8,466
up €8,466 (+154.3%), from €5,486 to €13,952
- Depreciation +€4,269
up €4,269 (+53.1%), from €8,037 to €12,307
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 | €84,618 | €131,503 | +€46,886 | +55.4% |
| Fixed assets | 21/28 | €48,648 | €37,741 | -€10,908 | -22.4% |
| Tangible fixed assets | 22/27 | €48,648 | €37,741 | -€10,908 | -22.4% |
| Plant, machinery and equipment | 23 | €1,598 | €400 | -€1,198 | -75.0% |
| Furniture and vehicles | 24 | - | €1,149 | +€1,149 | |
| Leasing and similar rights | 25 | €47,050 | €36,192 | -€10,858 | -23.1% |
| Current assets | 29/58 | €35,969 | €93,763 | +€57,793 | +160.7% |
| Amounts receivable within one year | 40/41 | €8,823 | €21,221 | +€12,398 | +140.5% |
| Trade receivables | 40 | €8,823 | €13,017 | +€4,195 | +47.5% |
| Other amounts receivable | 41 | - | €8,203 | +€8,203 | |
| Cash at bank and in hand | 54/58 | €24,680 | €72,542 | +€47,862 | +193.9% |
| Deferred charges and accrued income | 490/1 | €2,467 | - | -€2,467 | |
| Total equity and liabilities | 10/49 | €84,618 | €131,503 | +€46,886 | +55.4% |
| Equity | 10/15 | €23,724 | €75,770 | +€52,047 | +219.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €21,224 | €73,270 | +€52,047 | +245.2% |
| Distributable reserves | 133 | €21,224 | €73,270 | +€52,047 | +245.2% |
| Amounts payable | 17/49 | €60,894 | €55,733 | -€5,161 | -8.5% |
| Amounts payable after more than one year | 17 | €48,011 | €27,984 | -€20,027 | -41.7% |
| Financial debts | 170/4 | €48,011 | €27,984 | -€20,027 | -41.7% |
| Amounts payable within one year | 42/48 | €12,883 | €27,749 | +€14,866 | +115.4% |
| Current portion of amounts payable after more than one year | 42 | - | €10,243 | +€10,243 | |
| Trade debts | 44 | €1,442 | €1,153 | -€289 | -20.1% |
| Suppliers | 440/4 | €1,442 | €1,153 | -€289 | -20.1% |
| Taxes, remuneration and social security | 45 | €5,486 | €16,352 | +€10,866 | +198.1% |
| Taxes | 450/3 | €5,486 | €16,352 | +€10,866 | +198.1% |
| Other amounts payable | 47/48 | €5,954 | - | -€5,954 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,037 | €12,307 | +€4,269 | +53.1% |
| Other operating charges | 640/8 | - | €216 | +€216 | |
| Gross operating margin | 9900 | €36,299 | €80,557 | +€44,258 | +121.9% |
| Operating profit (loss) | 9901 | €28,261 | €68,033 | +€39,772 | +140.7% |
| Financial charges | 65/66B | €1,552 | €2,034 | +€483 | +31.1% |
| Recurring financial charges | 65 | €1,552 | €2,034 | +€483 | +31.1% |
| Profit (loss) for the period before taxes | 9903 | €26,710 | €65,999 | +€39,289 | +147.1% |
| Income taxes | 67/77 | €5,486 | €13,952 | +€8,466 | +154.3% |
| Profit (loss) for the period | 9904 | €21,224 | €52,047 | +€30,823 | +145.2% |
| Profit (loss) for the period to be appropriated | 9905 | €21,224 | €52,047 | +€30,823 | +145.2% |
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 9 October 2026 via checked.be.