AMUBEL: 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.
AMUBEL
Largest movements
- Receivables within one year +€64,030
up €64,030 (+26.9%), from €238,166 to €302,196
of which Trade receivables: +€58,508
- Tangible fixed assets -€11,003
down €11,003 (-26.2%), from €41,999 to €30,996
of which Plant, machinery and equipment: -€10,551
- Profit (loss) carried forward +€44,525
up €44,525 (+79.9%), from -€55,696 to -€11,171
- Tax, wage and social debts +€40,880
up €40,880 (+84.2%), from €48,572 to €89,451
of which Taxes: +€29,615
- Trade debts -€27,234
no longer reported in 2025 (was €27,234)
- Short-term financial debts -€11,480
down €11,480 (-37.0%), from €30,993 to €19,513
- Other debts +€6,426
up €6,426 (+2.3%), from €283,277 to €289,702
- Gross operating margin +€134,187
up €134,187 (+157.6%), from €85,119 to €219,306
- Taxes +€69,529
up €69,529 (+674.2%), from €10,312 to €79,841
- Staff costs +€39,450
up €39,450 (+176.0%), from €22,417 to €61,867
- Other operating charges +€9,380
up €9,380 (+1564.1%), from €600 to €9,980
- Depreciation -€6,579
down €6,579 (-31.3%), from €21,017 to €14,438
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 | €402,579 | €455,696 | +€53,117 | +13.2% |
| Fixed assets | 21/28 | €42,296 | €31,293 | -€11,003 | -26.0% |
| Tangible fixed assets | 22/27 | €41,999 | €30,996 | -€11,003 | -26.2% |
| Plant, machinery and equipment | 23 | €31,658 | €21,107 | -€10,551 | -33.3% |
| Furniture and vehicles | 24 | €10,341 | €9,888 | -€453 | -4.4% |
| Financial fixed assets | 28 | €297 | €297 | = | 0.0% |
| Current assets | 29/58 | €360,283 | €424,403 | +€64,120 | +17.8% |
| Stocks and contracts in progress | 3 | €121,658 | €121,658 | = | 0.0% |
| Stocks | 30/36 | €121,658 | €121,658 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €238,166 | €302,196 | +€64,030 | +26.9% |
| Trade receivables | 40 | €233,004 | €291,512 | +€58,508 | +25.1% |
| Other amounts receivable | 41 | €5,161 | €10,684 | +€5,522 | +107.0% |
| Cash at bank and in hand | 54/58 | €460 | €474 | +€14 | +3.1% |
| Deferred charges and accrued income | 490/1 | - | €76 | +€76 | |
| Total equity and liabilities | 10/49 | €402,579 | €455,696 | +€53,117 | +13.2% |
| Equity | 10/15 | €12,504 | €57,029 | +€44,525 | +356.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,696 | -€11,171 | +€44,525 | +79.9% |
| Amounts payable | 17/49 | €390,075 | €398,667 | +€8,592 | +2.2% |
| Amounts payable within one year | 42/48 | €390,075 | €398,667 | +€8,592 | +2.2% |
| Financial debts | 43 | €30,993 | €19,513 | -€11,480 | -37.0% |
| Credit institutions | 430/8 | €30,993 | €19,513 | -€11,480 | -37.0% |
| Trade debts | 44 | €27,234 | - | -€27,234 | |
| Suppliers | 440/4 | €27,234 | - | -€27,234 | |
| Taxes, remuneration and social security | 45 | €48,572 | €89,451 | +€40,880 | +84.2% |
| Taxes | 450/3 | €47,275 | €76,891 | +€29,615 | +62.6% |
| Remuneration and social security | 454/9 | €1,297 | €12,561 | +€11,264 | +868.7% |
| Other amounts payable | 47/48 | €283,277 | €289,702 | +€6,426 | +2.3% |
| Remuneration, social security and pensions | 62 | €22,417 | €61,867 | +€39,450 | +176.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,017 | €14,438 | -€6,579 | -31.3% |
| Other operating charges | 640/8 | €600 | €9,980 | +€9,380 | +1564.1% |
| Gross operating margin | 9900 | €85,119 | €219,306 | +€134,187 | +157.6% |
| Operating profit (loss) | 9901 | €41,085 | €133,021 | +€91,935 | +223.8% |
| Financial income | 75/76B | - | €36 | +€36 | |
| Recurring financial income | 75 | - | €36 | +€36 | |
| Financial charges | 65/66B | €3,876 | €8,691 | +€4,815 | +124.2% |
| Recurring financial charges | 65 | €3,876 | €8,691 | +€4,815 | +124.2% |
| Profit (loss) for the period before taxes | 9903 | €37,210 | €124,366 | +€87,156 | +234.2% |
| Income taxes | 67/77 | €10,312 | €79,841 | +€69,529 | +674.2% |
| Profit (loss) for the period | 9904 | €26,897 | €44,525 | +€17,628 | +65.5% |
| Profit (loss) for the period to be appropriated | 9905 | €26,897 | €44,525 | +€17,628 | +65.5% |
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.