AMVA INVEST: what changed
AMVA INVEST
Largest movements
- Deferred charges and accrued income +€35,888
new in 2025: €35,888
- Tangible fixed assets -€32,180
down €32,180 (-27.5%), from €117,216 to €85,037
of which Furniture and vehicles: -€31,482
- Receivables within one year -€30,869
down €30,869 (-64.5%), from €47,832 to €16,963
of which Trade receivables: -€30,156
- Cash -€16,693
down €16,693 (-48.3%), from €34,573 to €17,880
mainly Deferred charges and accrued income (-€35,888) and Net result for the year (-€34,286)
- Profit (loss) carried forward -€34,286
new in 2025: -€34,286
- Debts after one year -€11,505
down €11,505 (-10.4%), from €110,149 to €98,644
- Gross operating margin -€81,145
down €81,145 (-93.7%), from €86,570 to €5,425
- Taxes -€14,971
down €14,971 (-98.1%), from €15,258 to €286
- Depreciation +€5,566
up €5,566 (+21.9%), from €25,417 to €30,983
- Other operating charges +€2,533
up €2,533 (+159%), from €1,588 to €4,122
- Financial income +€1,784
up €1,784 (+12,744%), from €14 to €1,798
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €201,121 | €155,767 | -€45,354 | -22.6% |
| Fixed assets | 21/28 | €118,716 | €85,037 | -€33,680 | -28.4% |
| Tangible fixed assets | 22/27 | €117,216 | €85,037 | -€32,180 | -27.5% |
| Plant, machinery and equipment | 23 | €2,385 | €1,687 | -€698 | -29.3% |
| Furniture and vehicles | 24 | €114,831 | €83,350 | -€31,482 | -27.4% |
| Financial fixed assets | 28 | €1,500 | - | -€1,500 | |
| Current assets | 29/58 | €82,405 | €70,731 | -€11,674 | -14.2% |
| Amounts receivable within one year | 40/41 | €47,832 | €16,963 | -€30,869 | -64.5% |
| Trade receivables | 40 | €42,924 | €12,768 | -€30,156 | -70.3% |
| Other amounts receivable | 41 | €4,907 | €4,195 | -€712 | -14.5% |
| Cash at bank and in hand | 54/58 | €34,573 | €17,880 | -€16,693 | -48.3% |
| Deferred charges and accrued income | 490/1 | - | €35,888 | +€35,888 | |
| Total equity and liabilities | 10/49 | €201,121 | €155,767 | -€45,354 | -22.6% |
| Equity | 10/15 | €48,529 | €14,243 | -€34,286 | -70.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €46,029 | €46,029 | = | 0.0% |
| Distributable reserves | 133 | €46,029 | €46,029 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€34,286 | -€34,286 | |
| Amounts payable | 17/49 | €152,592 | €141,525 | -€11,068 | -7.3% |
| Amounts payable after more than one year | 17 | €110,149 | €98,644 | -€11,505 | -10.4% |
| Financial debts | 170/4 | €110,149 | €98,644 | -€11,505 | -10.4% |
| Amounts payable within one year | 42/48 | €42,443 | €42,881 | +€437 | +1.0% |
| Current portion of amounts payable after more than one year | 42 | €11,021 | €11,505 | +€484 | +4.4% |
| Trade debts | 44 | €8,510 | €7,153 | -€1,357 | -15.9% |
| Suppliers | 440/4 | €8,510 | €7,153 | -€1,357 | -15.9% |
| Taxes, remuneration and social security | 45 | €22,912 | €24,223 | +€1,311 | +5.7% |
| Taxes | 450/3 | €18,337 | €18,831 | +€494 | +2.7% |
| Remuneration and social security | 454/9 | €4,575 | €5,391 | +€817 | +17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,417 | €30,983 | +€5,566 | +21.9% |
| Other operating charges | 640/8 | €1,588 | €4,122 | +€2,533 | +159% |
| Non-recurring operating charges | 66A | €750 | €697 | -€53 | -7.1% |
| Gross operating margin | 9900 | €86,570 | €5,425 | -€81,145 | -93.7% |
| Operating profit (loss) | 9901 | €58,814 | -€30,377 | -€89,191 | |
| Financial income | 75/76B | €14 | €1,798 | +€1,784 | +12,744% |
| Recurring financial income | 75 | €14 | €1,798 | +€1,784 | +12,744% |
| Financial charges | 65/66B | €5,034 | €5,421 | +€387 | +7.7% |
| Recurring financial charges | 65 | €5,034 | €5,421 | +€387 | +7.7% |
| Profit (loss) for the period before taxes | 9903 | €53,795 | -€34,000 | -€87,795 | |
| Income taxes | 67/77 | €15,258 | €286 | -€14,971 | -98.1% |
| Profit (loss) for the period | 9904 | €38,537 | -€34,286 | -€72,823 | |
| Profit (loss) for the period to be appropriated | 9905 | €38,537 | -€34,286 | -€72,823 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.