AMTOUDI: 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.
AMTOUDI
Largest movements
- Cash -€1,166
down €1,166 (-18.5%), from €6,289 to €5,123
mainly Other debts (-€4,209) and Investment in fixed assets (net) (-€1,389)
- Deferred charges and accrued income +€650
new in 2025: €650
- Tangible fixed assets +€391
up €391 (+7.9%), from €4,975 to €5,366
of which Furniture and vehicles: +€1,326
- Stocks and contracts -€318
down €318 (-14.9%), from €2,137 to €1,819
- Receivables within one year -€318
down €318 (-22.1%), from €1,441 to €1,123
- Other debts -€4,209
down €4,209 (-32.2%), from €13,079 to €8,870
- Trade debts +€1,623
up €1,623 (+62.3%), from €2,607 to €4,230
- Profit (loss) carried forward +€1,116
up €1,116 (+36.1%), from -€3,094 to -€1,978
- Tax, wage and social debts +€708
up €708 (+24.8%), from €2,856 to €3,564
of which Taxes: +€719
- Gross operating margin -€4,218
down €4,218 (-11.3%), from €37,354 to €33,136
- Staff costs +€2,870
up €2,870 (+11.3%), from €25,492 to €28,362
- Financial charges -€1,283
down €1,283 (-84.9%), from €1,511 to €228
- Other operating charges +€1,150
up €1,150 (+223.0%), from €516 to €1,666
- Taxes +€577
up €577 (+275.6%), from €209 to €786
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 | €15,447 | €14,686 | -€761 | -4.9% |
| Fixed assets | 21/28 | €5,580 | €5,971 | +€391 | +7.0% |
| Tangible fixed assets | 22/27 | €4,975 | €5,366 | +€391 | +7.9% |
| Plant, machinery and equipment | 23 | €3,224 | €2,290 | -€935 | -29.0% |
| Furniture and vehicles | 24 | €1,750 | €3,077 | +€1,326 | +75.8% |
| Financial fixed assets | 28 | €605 | €605 | = | 0.0% |
| Current assets | 29/58 | €9,867 | €8,714 | -€1,153 | -11.7% |
| Stocks and contracts in progress | 3 | €2,137 | €1,819 | -€318 | -14.9% |
| Stocks | 30/36 | €2,137 | €1,819 | -€318 | -14.9% |
| Amounts receivable within one year | 40/41 | €1,441 | €1,123 | -€318 | -22.1% |
| Other amounts receivable | 41 | €1,441 | €1,123 | -€318 | -22.1% |
| Cash at bank and in hand | 54/58 | €6,289 | €5,123 | -€1,166 | -18.5% |
| Deferred charges and accrued income | 490/1 | - | €650 | +€650 | |
| Total equity and liabilities | 10/49 | €15,447 | €14,686 | -€761 | -4.9% |
| Equity | 10/15 | -€3,094 | -€1,978 | +€1,116 | +36.1% |
| Profit (loss) carried forward | 14 | -€3,094 | -€1,978 | +€1,116 | +36.1% |
| Amounts payable | 17/49 | €18,541 | €16,664 | -€1,877 | -10.1% |
| Amounts payable within one year | 42/48 | €18,541 | €16,664 | -€1,877 | -10.1% |
| Trade debts | 44 | €2,607 | €4,230 | +€1,623 | +62.3% |
| Suppliers | 440/4 | €2,607 | €4,230 | +€1,623 | +62.3% |
| Taxes, remuneration and social security | 45 | €2,856 | €3,564 | +€708 | +24.8% |
| Taxes | 450/3 | €1,009 | €1,728 | +€719 | +71.3% |
| Remuneration and social security | 454/9 | €1,847 | €1,836 | -€11 | -0.6% |
| Other amounts payable | 47/48 | €13,079 | €8,870 | -€4,209 | -32.2% |
| Remuneration, social security and pensions | 62 | €25,492 | €28,362 | +€2,870 | +11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,416 | €998 | -€419 | -29.6% |
| Other operating charges | 640/8 | €516 | €1,666 | +€1,150 | +223.0% |
| Gross operating margin | 9900 | €37,354 | €33,136 | -€4,218 | -11.3% |
| Operating profit (loss) | 9901 | €9,930 | €2,111 | -€7,819 | -78.7% |
| Financial income | 75/76B | €6 | €19 | +€13 | +201.3% |
| Recurring financial income | 75 | €6 | €19 | +€13 | +201.3% |
| Financial charges | 65/66B | €1,511 | €228 | -€1,283 | -84.9% |
| Recurring financial charges | 65 | €1,511 | €228 | -€1,283 | -84.9% |
| Profit (loss) for the period before taxes | 9903 | €8,425 | €1,902 | -€6,523 | -77.4% |
| Income taxes | 67/77 | €209 | €786 | +€577 | +275.6% |
| Profit (loss) for the period | 9904 | €8,215 | €1,116 | -€7,100 | -86.4% |
| Profit (loss) for the period to be appropriated | 9905 | €8,215 | €1,116 | -€7,100 | -86.4% |
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 5 October 2026 via checked.be.